Is trading cryptocurrencies and NFTs are gambling?

in #hive-16792211 months ago

Mostly people believe cryptocurrencies and NFTs are very risky investments, when someone face losses due to any mistake or reason he thought it's a gambling he should stay away from trading of cryptocurrencies, NFTs and others related things

It's depends on many factors, we can't labeled cryptocurrencies and NFTs as a form are gambling only due to over own experiences, infect it's a very huge and diverse space hundreds and thousands of things are involved in it. We have to do own research or stay with over plans because at the end over choices and decisions makes the difference


Source

Trading cryptocurrency and NFTs are not a gambling itself but over greed to become Millionaire overnight leads us to take to much risky decisions then after losses we think it's a gambling, no doubt some projects and cryptocurrencies tokens are purely related to gambling but many other projects are have different utilities and use cases so we have to choose carefully or stick with original and useful projects which loyal and trustworthy teams

All I want to said it's depends on everyone's own experiences and decisions wither he wants to gamble or trade, same like a knife you can use it to cut vegetables and fruits or you can use it to attract someone. Sadly cryptocurrency and NFTs space is still full of scammers and cheaters who don't care about the feeling of others all they need is to make meximum money wither it's come from a good or bad source, due to those bad people's many get scammed and face losses

At the same time we have so many kind hearted and trustworthy people in cryptocurrency and NFTs space who are always helping others and feel happy to give others. That's why don't lose hope if you have and bad memories and experiences as a cryptocurrency and NFTs trader. Go ahead an one day you will make it