Is crypto investing / trading gambling?

so my wife found at yesterday and she’s fuming saying I’ve started gambling again , but I can’t see it ! Am I being blind? I’ve literally not gambled or anything for a couple years now. Have I really stumbled down a gambling path again without even realising by buying / selling crypto? 

Well did you gamble earlier? "Again"seems to indicate another story. I think you know that most things we do is speculation and it can get addictive. The saying goes  if you don't speculate you won't accumulate. Addiction is repeat behaviour gone wrong but there are some very worked out rules for gambling addiction and you should try the self assessment tests that you can find here and other places to see where you land.

It is never a problem till there is a problem but the answer to your question is yes. You can get hooked on crypto trading / day trading/ currency / option turbo warrants/ futures/ oil  and precious metals trading and on and on. It is about the amount of time money and damage it is doing to your daily life that matters.

Best

C

The FCA has banned crypto exchanges in the UK a few other countries have gone a step further and banned it all together 

i think ultimatley that says enough for me to know something isnt quite right with it 

The states are working day and night to try and bring much stricter regulation to the scene but its difficult as a bulk of the market is there 

A lot and i mean a lot of people have been brainwashed by the crypto spin doctors , the fundamental issue is that a lot of the coins are only worth what someone else is willing to give you for them 

They have zero real world application , so the sentiment around crypto constantly needs to remain positive or "investors" are in big trouble 

Very similar to how a ponzi scheme works 

To summarise yes you are blindly gambling on a lot of crypto coins hence why you have lost so much 

YES its all a gamble if the money can go up or down. 

lets face that investing is a loose term used by all sorts of schemes and even scam companies. 

There is a tendency to think its the clever side of gambling but the structures in place dont really suit the little guy or amateur. They are quite happy to take the commission from people failing

There was almost a full run on the banks in 2008 but they were " too big to fail" and were bailed out with taxpayers money.

Yes interest rates are at an all time low on savings but investment schemes are not the easy answer.

many many people lose out on crypto currency. Some call it a scam which suits the chosen few. Some call it fun and a few tell us about their amazing gains...... just like gambling.

I am a compulsive escape gambler. I tend to see the real risk with "investing" and its a bit serious/hard work for me. 

What sums up the financial world is the interest rate on savings vs the interest rate on amounts borrowed on personal loans and credit cards

Non guaranteed investment is all based on money you can afford to lose. Compulsive gamblers should be nowhere near it

Best wishes to everyone on the forum

I have to say I absolutely agree that gamblers should go nowhere near it. During the pandemic I started to dabble in trading, shares and CFD's and it all ended in more debt. In effect I was just using it to gave the same gambling fix, the dopamine hit and so on and so forth. So I would definitely encourage you not to bother with it.

Take care

I understand your situation and concerns. Investing in cryptocurrencies can be a complex and volatile experience that is often associated with risk. However, while cryptocurrency trading can have elements of risk, it is not necessarily analogous to gambling.

The main difference is that with cryptocurrency trading, you make investment decisions based on analyzing data and market conditions, whereas with gambling, the outcome is determined by pure luck or chance.

If you feel that your approach to cryptocurrency trading has become similar to gambling, it may be worth reevaluating your actions and approach. It is important to evaluate your financial behavior and adjust if necessary.

Just chiming in on this interesting topic about whether crypto investing and trading is gambling. It's a tough nut to crack, as there are some similarities. Like gambling, it can be a high-stakes game with quick and unpredictable changes, where you could hit the jackpot or lose it all in the blink of an eye. But on the flip side, crypto investing can be strategic and calculated, with solid research guiding your decisions.