A first definition of gambling, is games of pure chance.
The second definition is taking a risk in hope of a future reward.
No investment has ever been made that was not a gamble. Sure, some are better than others, and the mechanism for providing wealth differs, but they are all gambles in either the first or second sense.
Crypto speculation is not a first-example gamble, it is not pure chance what happens, there is not an explicit randomness component. The market may be hard or impossible to understand, it may be undeterministic (I don't claim to know either way), but so is all other markets, every other stock.. Sure, it is probably more risky to speculate crypto than EUR, it may be more risky to buy bitcoin than Microsoft stock, but in the end, you're doing the same thing, you're making some more or less informed gamble that the market do whatever you need it to do.
A first definition of gambling, is games of pure chance.
The second definition is taking a risk in hope of a future reward.
No investment has ever been made that was not a gamble. Sure, some are better than others, and the mechanism for providing wealth differs, but they are all gambles in either the first or second sense.
Crypto speculation is not a first-example gamble, it is not pure chance what happens, there is not an explicit randomness component. The market may be hard or impossible to understand, it may be undeterministic (I don't claim to know either way), but so is all other markets, every other stock.. Sure, it is probably more risky to speculate crypto than EUR, it may be more risky to buy bitcoin than Microsoft stock, but in the end, you're doing the same thing, you're making some more or less informed gamble that the market do whatever you need it to do.