Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Mr. Allcrypto on February 12, 2024, 07:54:42 PM
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Trading is good in our modern world, only when you have to good equipments and you also go through the necessary procedures. For you to become a good trader you have to be able to at least have the experience and equipments to analyze the market before Trading.
In most cases, we tend to find out that in our environment both online and offline, people do say that trading is same as gambling, but critically looking at it trading is far more different and better than gambling.
In gambling, you tend to guess, and it is based on luck. Meanwhile, in trading you have to analyze the market and in order not to loose you money you can use a robot and a stop loss to make you don't lose your money.
Most people who have lost their money in trading, is as a result of not analyzing how the market is going or not using the required facilities and equipment in trading, and also getting good knowledge from experience traders.
Fun fact!! Knowledge is profitable if it is from the right source.
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Trading is when you are dealing with crypto, forex, stocks and commodities. It is trading when using spot price, derivative price and arbitrary to trade. There are scalpers, day traders and swing traders. Trading is different from gambling but that does not means it is not also risky. Trading is as risky as gambling and most traders are losing. As you use the amount of money that you can afford to gamble, also use the amount of money that you can afford to lose to trade.
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I really agree with what you said sir, trading is very different and even the way to do it is also different... why are those who say that trading is the same as gambling, because they don't know how to trade and they only hear from other people's words so they say things like .. if they did it directly how to trade, then they would say the same as we say..
In terms of method, it is very different, even in terms of theory, it is even more different, people who say that trading is the same as gambling, they are very stupid.
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In gambling, you tend to guess, and it is based on luck. Meanwhile, in trading you have to analyze the market and in order not to loose you money you can use a robot and a stop loss to make you don't lose your money.
For me, in some casino games, players also need to analyze and not just depend on luck. And in the crypto market, many people also participate in buying and selling as if trying their luck.
Therefore, trading and gambling only differ in the psychology and skills of the participants. If the participant manages capital and psychology seriously and effectively, he is a trader. On the contrary, if he does not have an understanding of capital and psychology management when participating in the game, he is a gambler.
As I see it, the majority of people who enter the crypto market because of FOMO are gamblers: they buy and sell tokens without any basis for analysis nor take profit or stop loss orders. All they have is capital and unreasonable expectations of their own luck ::)
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There are differences between trading and gambling. The one that I prefer is where I could have the advantage, it is trading. For me, Trading is a great way to earn money if you have the right tools for it especially the knowledge that you should have when trading. You must know how to balance the situation and know how you would trade in certain markets. The best way for me is to use a tool like Gunbot, which trades for me 24/7, and that's how I do most of my trading. That's my tool.
For gambling, I like to have fun and it's just for entertainment purposes. Most of the time, if I lose, I just regret gambling at all, but for trading, when I lose, it's like "lesson learned"
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I agree that you can call it gambling if the trader didn't analyze the market when they execute a trade but not all traders who analyzed the market can't be considered as gambling. It's simply because some traders are just analyzing the market without a proper knowledge, they forecast the market without backtesting it if really works. In that way, you can really consider yourself that you are not trading, you're gambling.
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I agree with one thing that trading and gambling have in common is the risk. Other than that, they might share some similar things but they are totally different. In gambling, once you make the bet, the amount of winning or losing is already determined. What I mean by this is that you can't reduce the amount or save some portion of it. In trading however, you can put stop loss and other things like creating a strategy in order to minimize the loss. This is where trading is superior to gambling.
Whatever it is, in the end, trading is used for making a profit and gambling on the other hand is for fun and entertainment. You can not mix them up even if they have similar traits. They are both 2 different things and they should always stay like that.
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I agree with one thing that trading and gambling have in common is the risk. Other than that, they might share some similar things but they are totally different. In gambling, once you make the bet, the amount of winning or losing is already determined. What I mean by this is that you can't reduce the amount or save some portion of it. In trading however, you can put stop loss and other things like creating a strategy in order to minimize the loss. This is where trading is superior to gambling.
Trading and gambling both have something in common, namely risk.
Gambling when we have determined the bet, we know the nominal amount if we lose and win.
Trading requires analysis and experience. We know crypto is volatile, it is difficult to determine the amount of our win or loss.
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there is a combination for both trading and gambling which is binary option. its like reading the chart and at the same time betting whichever the trend goes whether up or down within a period of time.
the only thing that makes the 2 different from each other is just reading the chart actually, removing it from the equation they are just both gambling and you rely on lucky like like crash game.
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there is a combination for both trading and gambling which is binary option. its like reading the chart and at the same time betting whichever the trend goes whether up or down within a period of time.
Binary option is not a combination for both trading and gambling. Binary option is basically gambling and nothing more than that.
the only thing that makes the 2 different from each other is just reading the chart actually, removing it from the equation they are just both gambling and you rely on lucky like like crash game.
Binary option is an exception, but I agree.
No settting of odds in trading. Exchanges and brokers makes money just from the trades of people, unlike gambling sites that makes money from the money people stake to gamble
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there is a combination for both trading and gambling which is binary option. its like reading the chart and at the same time betting whichever the trend goes whether up or down within a period of time.
Binary option is not a combination for both trading and gambling. Binary option is basically gambling and nothing more than that.
Gambling is a form of trading by the way. Consider it as a profession especially in sportsbet, you can always make an informed decision. Team analysis, league analysis, current form of players, home or away match and many other factors can be used to determine a result that may not be exact but very close to win you bet.
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Gambling is a form of trading by the way. Consider it as a profession especially in sportsbet, you can always make an informed decision. Team analysis, league analysis, current form of players, home or away match and many other factors can be used to determine a result that may not be exact but very close to win you bet.
Probably we all have different definitions for trading and gambling. I define trading as buying of something like (goods, services, fiat, commodities etc) and selling it as a different price which can be higher or lower than the price that you bought it, but in a way that you want to make profit as you will want to buy at low price and sell at high price. You are not buying anything in casinos or bookies, you only bet and agree for the settlement to be based on certain terms and conditions. Trading is not even about the analyses.
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I don't know why people compare between trading and gambling, In my personal opinion, I think this comparison i.e. question is unaccommodating. Trading is fully depends on the analysis skills and On the others hand gambling is fully depends on peoples luck.
Like trading we can take it as a full-time job for professional earning source but on the other hand palying gambling is only a fun fact, it cannot be taken as a earning source, and those who depend on it as an earning source are mostly found to face danger later. Moreover, anyone can gamble and take profit and lose the entire fund at once. On the other hand, a person needs to have fundamental knowledge for trading, and to take up professional trading, one needs to know about technical analysis. These are what I understand as the primary difference between so trading and gambling
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Actually trading and gambling are not the same or anywhere compared to one another, trading is all depends on the experience you have on a particular subject matter and amount of Capital you have to put in though also have his own risk because the more you invest in, the more the risk it carries but that should not stop you from trading just have little knowledge and keep on, because you either loss or you win , while Gambling is more risky and at the same time you earn more, why because gambling is a game of insight thinking where by you don't really know the outcome of the result but your guessing can make you successful in it or even fail and run down to zero unlike Trading that the lost don't come in a time.
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there is a combination for both trading and gambling which is binary option. its like reading the chart and at the same time betting whichever the trend goes whether up or down within a period of time.
Binary option is not a combination for both trading and gambling. Binary option is basically gambling and nothing more than that.
Gambling is a form of trading by the way. Consider it as a profession especially in sportsbet, you can always make an informed decision. Team analysis, league analysis, current form of players, home or away match and many other factors can be used to determine a result that may not be exact but very close to win you bet.
very different friend, let's see how we start doing crypto trading and gambling. Gambling is as if we are trying our luck, whether we are lucky or not, like when we gamble on football clubs. Well, friends, of course you know how it operates, is it the same as crypto trading? I don't think so, friend, because crypto trading is not like gambling as you say. The difference between trading crypto and gambling is that trading requires a lot of strategy and knowledge, while gambling only relies on luck.
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Actually trading and gambling are not the same or anywhere compared to one another, trading is all depends on the experience you have on a particular subject matter and amount of Capital you have to put in though also have his own risk because the more you invest in, the more the risk it carries but that should not stop you from trading just have little knowledge and keep on, because you either loss or you win , while Gambling is more risky and at the same time you earn more, why because gambling is a game of insight thinking where by you don't really know the outcome of the result but your guessing can make you successful in it or even fail and run down to zero unlike Trading that the lost don't come in a time.
I really agree with what you say, friend, there is a very big difference between trading and gambling... if we want to know the difference, try trading crypto, how do we operate and we also do gambling, how do we operate, so that later we will know where the difference is between crypto trading. same with gambling...
Sometimes people only know the theory but don't know how to practice it so they say that the method is the same.
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The difference between trading crypto and gambling is that trading requires a lot of strategy and knowledge, while gambling only relies on luck.
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I agree with you friend, but in most cases their are still some people that will argue the differences between trading and gambling.
Okay let's start by stating their similarities;
1. Risk
2.Uncertainty
At their core, we can say that both betting and trading involve an element of risk and uncertainty, because in the both cases, individuals are putting their money on the line with a common goal of gaining in return. Bith in the stock market or a sports event, predicting outcomes is a fundamental aspect.
Stating the facts that they have similarities, they still have their big differences and I will like us to discuss it together...
Shear your idea about it friends.
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Actually trading and gambling are not the same or anywhere compared to one another, trading is all depends on the experience you have on a particular subject matter and amount of Capital you have to put in though also have his own risk because the more you invest in, the more the risk it carries but that should not stop you from trading just have little knowledge and keep on, because you either loss or you win , while Gambling is more risky and at the same time you earn more, why because gambling is a game of insight thinking where by you don't really know the outcome of the result but your guessing can make you successful in it or even fail and run down to zero unlike Trading that the lost don't come in a time.
You should not vehemently deny the understanding of trading as a game in the broad sense. After all, both tactics and strategy are inherent not only in professional stock trading, but also in cryptocurrency trading. And studying game theory helps both pump up the brain as a whole and improve the understanding of trading strategies. 😉
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Most people who have lost their money in trading, is as a result of not analyzing how the market is going or not using the required facilities and equipment in trading, and also getting good knowledge from experience traders.
Fun fact!! Knowledge is profitable if it is from the right source.
Running losses in trading is a normal thing, and as a matter of fact, no matter how good you are at trading, you will definitely experience losses because the crypto market is very dynamic, and due to its dynamic nature, it is usually uncertain to predict the right direction of the market at all times. Although someone who is very experienced in trading can actually make more successful trades than those who are less experienced, like newbies,.
If you have good skills and strategies in trading, you can make more successful trades and maximize profit, but in gambling, your rate of winning only depends on luck. No matter how professional you are at gambling, you are not always certain about your winnings because it depends on luck. So, that's the difference between trading and gambling, IMO.
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The basic difference between trading and gambling lies in the process. Most of the gambling is probably based on luck. And even if there is a skilled type of gambling, it still sometimes doesn't guarantee that we will win at the bet. Even when we bet on football matches, sometimes the results are beyond expectations. And once we have placed 1 bet, that's it, we just have to wait for the results.
but if it's trading, if we do it with thorough readiness. This includes at least: good knowledge, analyzing coins and markets first, understanding when to enter and exit, adjusting the margin used, and doing research throughout the trading process so that you can implement backup tactics if the market changes direction, so we can avoid the results. for losses. However, both still contain risks. And betting can become gambling if we just follow along and don't have adequate analysis and strategy, just based on luck.
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The basic difference between trading and gambling lies in the process. Most of the gambling is probably based on luck. And even if there is a skilled type of gambling, it still sometimes doesn't guarantee that we will win at the bet. Even when we bet on football matches, sometimes the results are beyond expectations. And once we have placed 1 bet, that's it, we just have to wait for the results.
but if it's trading, if we do it with thorough readiness. This includes at least: good knowledge, analyzing coins and markets first, understanding when to enter and exit, adjusting the margin used, and doing research throughout the trading process so that you can implement backup tactics if the market changes direction, so we can avoid the results. for losses. However, both still contain risks. And betting can become gambling if we just follow along and don't have adequate analysis and strategy, just based on luck.
- But there are still other traders who lack knowledge and still rely on luck to raise the price; they will buy coins on an exchange somehow. As for those who know trading, this is not really our mindset, is it? It's very simple: in gambling, the majority is actually luck-dependent, while in trading, it's the opposite.
Although it's the same that we can feel pleasure in those things, in fact, it's just a different way, and I'm too lazy to study trading while in gambling there's no need to do this.
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One is business and the other is gambling. The difference between the two is clear. If I want to explain it to you in a simpler way, I will draw an example in case you look at all the business people around you. Look at the traders who are around you as well as the gamblers who are around you, you will know the difference when you see a trader and a gambler face to face. A businessman is successful and wealthy in society on the other hand a gambler always fails to lead a good life because the businessman is making money using his money whereas gambler is risking his entire money and most of the time they are losing extra money. It is definitely a better decision to make money using that money than to lose it completely.
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The difference that I see between trading and gambling is that one can be a professional trader, but no one can be a professional gambler because the house hedge will always win. Apart from what I stated, trading and gambling is similar. This is because you are predicting the future. No one can predict correctly the price movement of bitcoin, and no matter strategy that you use in the market, you will make more losses than profit. A professional trader is one that can manage his losses to prevent more loss, and also knows whe to enter the market because he understands the market, but a little mistake can lead him to big loss. Which means he is also gambling. Majority of traders run at loss, just like majority of gamblers run at loss. This is why you should only gamble, and trade with the amount that you can afford to lose so it does not affect our emotions.
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Running losses in trading is a normal thing, and as a matter of fact, no matter how good you are at trading, you will definitely experience losses because the crypto market is very dynamic, and due to its dynamic nature, it is usually uncertain to predict the right direction of the market at all times. Although someone who is very experienced in trading can actually make more successful trades than those who are less experienced, like newbies,.
Yes, even a professional trader will definitely experience losses in trading. However, what is different and what should happen is how we recover the loss and get more profits than the loss. So we can still get higher profits on that day. because there's no way we will continue to be loose. so from there, we can see what's wrong with the strategy. because it could also be because the market has changed very drastically. So we haven't had time to set a strategy for the encounter. However, make sure we set a stop loss when trading so that we can measure how big our loss is and whether it is still under control. That would be much better than not setting the Stoploss.
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Gambling does have its term for having luck based only but not all of the games there relies completely to luck. You get to play with analysis based games and we all know about them.
One is business and the other is gambling.
I agree with this, trading is considered as a business but it's also like a gamble that one has to remember. Because there are certain types of trades that they're like a gamble as well and we need to remember them. One example is about trading in futures, it's also a considered gamble by many traders.
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One example is about trading in futures, it's also a considered gamble by many traders.
I think it also depends on where you trade and how much leverage you're using. Not to mention the definition of "gambling" being used here can be misleading too. It is high-risk for sure, but just because it is risky doesn't mean you are gambling (as in "gambling" in sports, etc) by default. I can see the point though, especially if you're using a platform known for manipulating the price movement on the chart. If that was the case then whether you do an analysis or not doesn't really matter, and you rely on luck whether you're at the platform's mercy or not. If you use a reputable platform or use decentralized exchange where the price feeds can be verified, using leverage is an option especially if you're trading a coin/token that barely moves its price for days. Still risky though. CMIIW.
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We think that the differences between gambling and trading are many, but you have to have something very important in mind, we as traders cannot understand that trading is like gamling, nor gambling is like trading, but why? I have seen many people who enter trading by doing operations just because it seems to them without having any technical background, it is something like doing everything at random and hoping that things turn out well for them, and what that does is lose money. .
Some are lucky, because they can win, but at the same time when their Luck runs Out they will lose a lot of money, and that is not the idea, that is why trading is thinking , with logical movements, with fundamentals , while in gambling many things are more Focused at random, you can play with a lot of logic but things will not happen, because gambling has that , so you should not confuse the directions of things, otherwise it will result in loss of money.
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Most people who have lost their money in trading, is as a result of not analyzing how the market is going or not using the required facilities and equipment in trading, and also getting good knowledge from experience traders.
Fun fact!! Knowledge is profitable if it is from the right source.
Running losses in trading is a normal thing, and as a matter of fact, no matter how good you are at trading, you will definitely experience losses because the crypto market is very dynamic, and due to its dynamic nature, it is usually uncertain to predict the right direction of the market at all times. Although someone who is very experienced in trading can actually make more successful trades than those who are less experienced, like newbies,.
If you have good skills and strategies in trading, you can make more successful trades and maximize profit, but in gambling, your rate of winning only depends on luck. No matter how professional you are at gambling, you are not always certain about your winnings because it depends on luck. So, that's the difference between trading and gambling, IMO.
- That's correct; there are no perfect traders. When it comes to losses, that happens to all traders, meaning even veterans or experts still lose in trading.
That's why the other institutional investors, when they know there is no progress in their capital fund where it is placed, will immediately pull it out. When they see an opportunity that can double their capital fund, for sure they will move there.
For example, now that there is an upcoming bull run, many investors are now moving to Bitcoin because of the bull run that is coming, especially since they know that the SEC recently approved those who submitted applications to bitcoin spot etf. This is the advantage of trading compared to gambling: there is a high chance that the funds put into it will be burned.
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I really agree with what you say, friend, there is a very big difference between trading and gambling... if we want to know the difference, try trading crypto, how do we operate and we also do gambling, how do we operate, so that later we will know where the difference is between crypto trading. same with gambling...
Sometimes people only know the theory but don't know how to practice it so they say that the method is the same.
Sure, if we want to know the real difference between trading and gambling, we must do both of them first. However, if we don't have time to do both, we can read the story of other people's experiences. Honestly, I've done both of them, what I know is about the role of knowledge on them. Gambling tends to have luck, it doesn't really need much knowledge. Meanwhile trading, it really depends on the knowledge and experience. If we have lack of knowledge, it is difficult to success in trading.
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Trading and gambling are very different but they can also be similar if people without knowledge step into trading. Gambling is highly risky but trading is also not without risk so I think you will be successful if you differentiate between gambling and trading and then use equipment and tools that helps you to minimize risk and increase profit.
If you know about the timings of continuing and stopping of trading then you will have control on your trader so it is possible that you will become successful trader in future but gambler cannot be successful ever. Both gambling and trading are risky so its up to you that are you learning well to minimize risk in trading or blindly put a bets to loss all money in gambling.
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Sure, if we want to know the real difference between trading and gambling, we must do both of them first. However, if we don't have time to do both, we can read the story of other people's experiences. Honestly, I've done both of them, what I know is about the role of knowledge on them. Gambling tends to have luck, it doesn't really need much knowledge. Meanwhile trading, it really depends on the knowledge and experience. If we have lack of knowledge, it is difficult to success in trading.
Sometimes when they have done the trading they do, such as future trading, they still deny that they have done the trading well and correctly and not done the trading like gambling. Indeed, only a few intelligent people will understand the good and correct way of trading. Trading like buying coins at a low price and selling them at a high price is a very correct way and safer than others.
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There are trades you can go into and it will interprets nothing than being the same as gambling, such as derivative trading and arbitrage trading, despite all these, that doesn't mean they both have the same meaning, trading is quite different from gambling, the way and pattern to gambling is widely different from how we perform trade, so we cannot compare the two without having the understanding of their possible risk.
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Trading and gambling are very different but they can also be similar if people without knowledge step into trading. Gambling is highly risky but trading is also not without risk so I think you will be successful if you differentiate between gambling and trading and then use equipment and tools that helps you to minimize risk and increase profit.
If you know about the timings of continuing and stopping of trading then you will have control on your trader so it is possible that you will become successful trader in future but gambler cannot be successful ever. Both gambling and trading are risky so its up to you that are you learning well to minimize risk in trading or blindly put a bets to loss all money in gambling.
Yes, they are both risky, but you never need to guess the trading to get a profit from them. Unlike gambling, even if you guess, you can get a big winning price if you are lucky in gambling. Apparently, even if you don't know anything about gambling, you can win a large amount of money.
While in trading, you need to devote effort to learning it just so you can have a way to get profit. It takes time and effort to learn trading, so it is also called or considered a skill for a trader.
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That's true and actually there are a lot of misunderstandings that occur among beginners about this. Usually those who consider trading as gambling are those who are not good at trading and don't even understand analysis in trading. And of course trading and gambling are two different things. Because trading involves interaction between traders. Whereas in gambling we fight with a random game system and we only hope to get lucky.
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I really agree with what you said sir, trading is very different and even the way to do it is also different... why are those who say that trading is the same as gambling, because they don't know how to trade and they only hear from other people's words so they say things like .. if they did it directly how to trade, then they would say the same as we say..
In terms of method, it is very different, even in terms of theory, it is even more different, people who say that trading is the same as gambling, they are very stupid.
For some, trading and gambling are the same, but in reality there is a difference between them. Both the platforms have similarities in terms of risk taking and speculation but there are some differences in terms of goals and policies.
Generally high risk exists in gambling where a gambler can lose all his money if he loses but trading is completely different here a trader can reduce his risk by placing a stop loss while taking a new trade after analysing the market. Generally, trading is long-term while gambling plays a short-term role.