Losses can be enormous in both concepts.How Crypto Investments Can Be GamblingĬrypto investments and gambling, which is appealing to users with the possibility to try their luck with an Australian no deposit bonus or other perks, are different concepts, but they may seem similar. Therefore, there is a need to compare crypto and gambling to see how close or far apart they are. Because of how crypto works, many believe crypto assets are akin to gambling. The unpredictable nature of its investments and a few other factors make investors new to the crypto world suspicious about investing.
However, only a small percentage of cryptocurrencies rise in value to deliver huge returns, and even fewer sustain their value without crashing. Most investors who bought or mined currencies like Bitcoin and Ethereum at their early stages are worth millions today from their investments.
Is Investing in Crypto Basically Gambling?Ĭrypto is one of the investments today that promises a high return on your capital.
