Altcoins Talks - Cryptocurrency Forum
Wider Crypto World => Gambling & Crypto Casinos => Gambling discussion => Topic started by: shanz on August 08, 2024, 11:21:44 AM
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Well, gambling and crypto trading are similar based on speculation. If you are lucky, you will double your portfolio; if not, you can lose everything. In other words, you are trying to predict what might happen in the coming days ;)
However, there is a slight difference between them. In gambling, when you lose your money, it is over, while when your trades lose, you can recover... but You still need to get lucky AGAIN :(
I've a good experience in trading and I can't make any decisions without doing deep research. However, even if I carefully study the different possible scenarios, sometimes my crypto goes in the opposite way :D, which makes trading somewhat similar to gambling. isn't it?
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Well, gambling and crypto trading are similar based on speculation. If you are lucky, you will double your portfolio; if not, you can lose everything. In other words, you are trying to predict what might happen in the coming days ;)
gambling is not predicting but mostly just expecting of course it depends on what kind of gambling you are doing but for games depending on pure chances it’s all luck while in trading you would need a little luck and a lot of informed decisions
I've a good experience in trading and I can't make any decisions without doing deep research. However, even if I carefully study the different possible scenarios, sometimes my crypto goes in the opposite way :D, which makes trading somewhat similar to gambling. isn't it?
both have risks, yes but being able to do research in my opinion lessens the risks of trading compared to the risks in gambling you are more likely to lose money in something you blindly put your money to
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What can be called gambling are binary options.
However, there is a slight difference between them. In gambling, when you lose your money, it is over, while when your trades lose, you can recover... but You still need to get lucky AGAIN :(
Exceptions are:
High leverage derivative trading
Trading with some altcoins even in spot market.
I've a good experience in trading and I can't make any decisions without doing deep research. However, even if I carefully study the different possible scenarios, sometimes my crypto goes in the opposite way :D, which makes trading somewhat similar to gambling. isn't it?
Saying trading and gambling are the same will lead to argument. Can gambling also be regarded as trading? One thing is common to them both which people need to know. Which is gambling and trading are highly risky which can be used to define both separately.
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I think had came across your post the other forum but didn't make any concerned to it but I most fully state that gambling and trading or investment aren't the same why because they are both separate things all join but is just the way you handles it that matters. If you go by trading then you could have some funds left but if you by gambling there is nothing that could be left at you since when you place bet you had the chance to lose everything if the bet doesn't go accordingly how it was planned but in other words trading is much more better to chose because if you buy some coin bitcoin at cheap price you could likely hold till the coin comes up or if trading there is every chances to have some left compared to gambling.
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I think had came across your post the other forum but didn't make any concerned to it but I most fully state that gambling and trading or investment aren't the same why because they are both separate things all join but is just the way you handles it that matters. If you go by trading then you could have some funds left but if you by gambling there is nothing that could be left at you since when you place bet you had the chance to lose everything if the bet doesn't go accordingly how it was planned but in other words trading is much more better to chose because if you buy some coin bitcoin at cheap price you could likely hold till the coin comes up or if trading there is every chances to have some left compared to gambling.
If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
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Both have luck and prediction involved but I would be more specific with the comparison. Skill based games and sportsbetting are almost the same with trading based on studying charts while degen trades are similar to luck based games.
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trading is not gambling in my opinion, where we sell coins to get profit not win like gambling
and crypto trading we are not betting but investing
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Well, gambling and crypto trading are similar based on speculation. If you are lucky, you will double your portfolio; if not, you can lose everything. In other words, you are trying to predict what might happen in the coming days ;)
However, there is a slight difference between them. In gambling, when you lose your money, it is over, while when your trades lose, you can recover... but You still need to get lucky AGAIN :(
I've a good experience in trading and I can't make any decisions without doing deep research. However, even if I carefully study the different possible scenarios, sometimes my crypto goes in the opposite way :D, which makes trading somewhat similar to gambling. isn't it?
There are similarities and also major differences between cryptocurrency trading and gambling But the newbie to cryptocurrency may think that it is actually gambling and that no one really understands how the crypto market works. When you become an expert trader, it comes from years of learning and practicing. In some luck-based games, you can win big with no knowledge or expertise. They are different.
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Gambling is entirely different from trading, we can chose to trade using different kinds of trading types and strategies while gambling is not trading because we are taking our time to play a bet and uses the money we have for a fifty fifty chance of winning or loosing, in trading, we can win in most cases depending on the type we go for and how we are good at it, but this may not really work the same as we have in gambling.
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There are some people who thinks they are similar, but I do not think that inherently its the similar thing. The reality is that while gambling you are losing money and the math is on the houses side, because there is something called house edge, so that means you are going to end up losing money eventually, it just isn't known if you will lose it very quickly, or will take a long time, but if you do not take out your winnings, eventually whatever you win, will be gone, its just simple math. Whereas, at trading that's not the case, you can be right as many times in a row as possible ,and keep on making more and more money, doesn't mean there are people with %100 predictions out there, just means there isn't a math that makes you lose.
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Trading is completely not based on luck, when you trade then the profit is not like gambling but by having skills in understanding the chart and market movements that you have a chance to profit, while gambling is clearly completely luck there is no strategy whatsoever except poker and sports betting there is analysis needed.
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there are games to play where you can play your luck but not gambling is base on it. you can analyse what could be the result in sports betting and also you can do this on trading. i wouldn't say its the same but certain games and certain kind of trading like in futures market. but generally its risking capital which this is just in the fine line between gambling and not gambling.
in spot market, its just investing especially if you are just holding the BTC. we all are aware those holders are sure to win if they wait till bull market.
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I think had came across your post the other forum but didn't make any concerned to it but I most fully state that gambling and trading or investment aren't the same why because they are both separate things all join but is just the way you handles it that matters. If you go by trading then you could have some funds left but if you by gambling there is nothing that could be left at you since when you place bet you had the chance to lose everything if the bet doesn't go accordingly how it was planned but in other words trading is much more better to chose because if you buy some coin bitcoin at cheap price you could likely hold till the coin comes up or if trading there is every chances to have some left compared to gambling.
If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
That's true though but most times we can't force people as you said neither do we agreed to what they said but the right thing is when they practice it and fails then they would understand that is good to accept what people that seems to know more than them is saying. Mostly it happens to newbies who doesn't know how the system works and to them is the same but looking very well there's big difference in it.
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Perhaps, it could be considered a luck based outcome like almost every other business, because you really can't control the market trend and neither can you influence who sells and who buys so that really makes it a luck based venture, but it is completely different from gambling where there are different level of risk analysis, still the outcome is still pretty much uncertain too. They only have some level of similarities but are two different things.
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~.....~
which makes trading somewhat similar to gambling. isn't it?
Agree, both trading and gambling are based on speculation at least for me though you have a high chance to profit in trading if you are good in technical analysis while in gambling like sports betting, your chances of winning will be high if you know the game.
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If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
That's true though but most times we can't force people as you said neither do we agreed to what they said but the right thing is when they practice it and fails then they would understand that is good to accept what people that seems to know more than them is saying. Mostly it happens to newbies who doesn't know how the system works and to them is the same but looking very well there's big difference in it.
We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
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If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
That's true though but most times we can't force people as you said neither do we agreed to what they said but the right thing is when they practice it and fails then they would understand that is good to accept what people that seems to know more than them is saying. Mostly it happens to newbies who doesn't know how the system works and to them is the same but looking very well there's big difference in it.
We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
Some make trades and it's nothing to be referred to than gambling, not because trading is gambling, but because they are leaving the necessary things to have been done undone, we need to have the learning experience about how to trade, know the kinds of trades we have and how we can make use of anyone we have developed interest on, while on the other hands, gambling is also something different from what we thought, it's not like trading z we are gambling because of the purpose of being entertained while having fun at our leisure, which is nothing related to trading.
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If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
That's true though but most times we can't force people as you said neither do we agreed to what they said but the right thing is when they practice it and fails then they would understand that is good to accept what people that seems to know more than them is saying. Mostly it happens to newbies who doesn't know how the system works and to them is the same but looking very well there's big difference in it.
We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
Some make trades and it's nothing to be referred to than gambling, not because trading is gambling, but because they are leaving the necessary things to have been done undone, we need to have the learning experience about how to trade, know the kinds of trades we have and how we can make use of anyone we have developed interest on, while on the other hands, gambling is also something different from what we thought, it's not like trading z we are gambling because of the purpose of being entertained while having fun at our leisure, which is nothing related to trading.
I don't know if other people sees trading as entertainment or as a means of making money, if you say is an entertainment then directly op could be right because trading is not gambling but however, most people don't see it that way.
Usually those who thoroughly understand how trading works can never classified gambling to be trading and you could be right as some people could just see trading as a means of easing ones sadness or engaging themselves to make sure they are being occupied at this point they may make profit while trading but to say is gambling is something that I wouldn't give credit to it.
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If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
That's true though but most times we can't force people as you said neither do we agreed to what they said but the right thing is when they practice it and fails then they would understand that is good to accept what people that seems to know more than them is saying. Mostly it happens to newbies who doesn't know how the system works and to them is the same but looking very well there's big difference in it.
We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
Well due to the high volatility of the crypto markets sometimes it usually gives the idea that it is just luck, but I think that when it comes to trading, things have an analysis that is very attached to the technical things and the events that are experienced in the world, therefore I do not see it as a game, in a casino one enters to play anything, like slots, where basically it is luck that makes us win or lose, if we enter trading with our sights set on pure luck we will be throwing away a great opportunity to make money, with knowledge you can win but only in trading, whether crypto or any stock.
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We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
Well due to the high volatility of the crypto markets sometimes it usually gives the idea that it is just luck, but I think that when it comes to trading, things have an analysis that is very attached to the technical things and the events that are experienced in the world, therefore I do not see it as a game, in a casino one enters to play anything, like slots, where basically it is luck that makes us win or lose, if we enter trading with our sights set on pure luck we will be throwing away a great opportunity to make money, with knowledge you can win but only in trading, whether crypto or any stock.
Well, that's also what we have to pay attention to, not only technical analysis but we also have to analyze the fundamentals because it will also affect price movements.
This depends on us actually, because in trading requires mastery of not just one factor, but we have to master many factors to make the trades we do run according to what is desired. Although in some moments we also need a little luck, the difference is that the luck we get is the result of the analysis we do.
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I don't think so because in trading for us to be able to be profitable we need to learn fundamentals and technical analysis which I think we can't do that in gambling if I am not mistaken. Gambling purely depends on luck not skills so yeah for me I can only say that crypto trading without the proper knowledge is some sort of a gambling.
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There are traders who make a lot of profit and their results is not based on luck but more on their insight and analysis, Although both are unpredictable, trading is more like sports betting, where you can also lose even if you are equipped with a good tools to analyze the game, so its gambling but not based on luck and you have a good chance on trading than luck based games.
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If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
That's true though but most times we can't force people as you said neither do we agreed to what they said but the right thing is when they practice it and fails then they would understand that is good to accept what people that seems to know more than them is saying. Mostly it happens to newbies who doesn't know how the system works and to them is the same but looking very well there's big difference in it.
We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
Well due to the high volatility of the crypto markets sometimes it usually gives the idea that it is just luck, but I think that when it comes to trading, things have an analysis that is very attached to the technical things and the events that are experienced in the world, therefore I do not see it as a game, in a casino one enters to play anything, like slots, where basically it is luck that makes us win or lose, if we enter trading with our sights set on pure luck we will be throwing away a great opportunity to make money, with knowledge you can win but only in trading, whether crypto or any stock.
Exactly that is why I don't focused much on people saying trading is luck, sincerely when people keeps depending on luck to trade there's every possibility to lose trade while hoping on luck but if that person rely on their knowledge like, knowing more of technical analysis on the coins to trade then there is huge chance to make profit and that must depends on the form of coin to trade. Trading new coin most times is very risky because of its volatility nature can lose value at any given time without the trader knowing it would happen.
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Exactly that is why I don't focused much on people saying trading is luck, sincerely when people keeps depending on luck to trade there's every possibility to lose trade while hoping on luck but if that person rely on their knowledge like, knowing more of technical analysis on the coins to trade then there is huge chance to make profit and that must depends on the form of coin to trade. Trading new coin most times is very risky because of its volatility nature can lose value at any given time without the trader knowing it would happen.
Relying only on luck is not enough to make us gain profit from trading activities and it is the same as gambling. For me luck will come if we know the knowledge, so luck does not just come without being equipped with the knowledge we have.
There are many ways for us to increase our knowledge, as long as we want to learn it then nothing is impossible. I can conclude that people like that are lazy to learn.
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No, it's not and the closest to gambling is sports betting that is where you can make analysis based on the previous stats and come in to the conclusion that player/team x is favourite when playing against y.
But people still don't even consider trading as a profession due to the exact same mindset but it's their loss, one who grabbed their opportunities are riding their Lambo or atleast move one step ahead in their quality of life.
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No, it's not and the closest to gambling is sports betting that is where you can make analysis based on the previous stats and come in to the conclusion that player/team x is favourite when playing against y.
But people still don't even consider trading as a profession due to the exact same mindset but it's their loss, one who grabbed their opportunities are riding their Lambo or atleast move one step ahead in their quality of life.
Sportsbetting is a gambling maybe from different category if I am not mistaken. Well to be honest I can see a lot of successful individuals doing trading more than gambling as we all know winning a life changing prize in gambling is one in a million so yeah trading would be the most profitable thing even if other people may still call it gambling it doesn't matter but I may consider it as skill based game not gambling.
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No, it's not and the closest to gambling is sports betting that is where you can make analysis based on the previous stats and come in to the conclusion that player/team x is favourite when playing against y.
But people still don't even consider trading as a profession due to the exact same mindset but it's their loss, one who grabbed their opportunities are riding their Lambo or atleast move one step ahead in their quality of life.
Sportsbetting is a gambling maybe from different category if I am not mistaken. Well to be honest I can see a lot of successful individuals doing trading more than gambling as we all know winning a life changing prize in gambling is one in a million so yeah trading would be the most profitable thing even if other people may still call it gambling it doesn't matter but I may consider it as skill based game not gambling.
It's not a game, and it's not a gambling all I said it's the resembles not exactly same. Making life changing money from sports betting is not possible either, it's only possible in casino games that explains why where there is skills involved the chances of success is higher so obviously it is going to affect the revenue of casino.
Myself clear with what is gambling and trading even though the results are unpredictable.
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If we trade without any knowledge then I think it can be called gambling, but if we trade based on proper knowledge then it is not gambling at all. Because gambling depends entirely on luck and each round cannot be analyzed, especially in slot games and the like.
Indeed, some people say this is the same thing, I actually have no problem with that because everyone has different views and we cannot force them to be the same as us, we can only convey what we believe.
That's true though but most times we can't force people as you said neither do we agreed to what they said but the right thing is when they practice it and fails then they would understand that is good to accept what people that seems to know more than them is saying. Mostly it happens to newbies who doesn't know how the system works and to them is the same but looking very well there's big difference in it.
We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
Well due to the high volatility of the crypto markets sometimes it usually gives the idea that it is just luck, but I think that when it comes to trading, things have an analysis that is very attached to the technical things and the events that are experienced in the world, therefore I do not see it as a game, in a casino one enters to play anything, like slots, where basically it is luck that makes us win or lose, if we enter trading with our sights set on pure luck we will be throwing away a great opportunity to make money, with knowledge you can win but only in trading, whether crypto or any stock.
Exactly that is why I don't focused much on people saying trading is luck, sincerely when people keeps depending on luck to trade there's every possibility to lose trade while hoping on luck but if that person rely on their knowledge like, knowing more of technical analysis on the coins to trade then there is huge chance to make profit and that must depends on the form of coin to trade. Trading new coin most times is very risky because of its volatility nature can lose value at any given time without the trader knowing it would happen.
I can never equate trading with knowledge to luck. Trading is not gambling for which I can compare it to luck. However, for those who trade meme coin, many people equate sudden big profit with luck. In this concern comparing trading with luck then that is a different matter. But trading in general sense can never depend on luck.
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We are just trying to convey what we believe and how they accept it is up to them because there is no obligation to force opinions on people who have different opinions.
But the most important thing is that they must master their knowledge if they want to be like that, when trading, they should not only rely on luck or instincts in their heads, because that is what will lead us to losses.
Well due to the high volatility of the crypto markets sometimes it usually gives the idea that it is just luck, but I think that when it comes to trading, things have an analysis that is very attached to the technical things and the events that are experienced in the world, therefore I do not see it as a game, in a casino one enters to play anything, like slots, where basically it is luck that makes us win or lose, if we enter trading with our sights set on pure luck we will be throwing away a great opportunity to make money, with knowledge you can win but only in trading, whether crypto or any stock.
Well, that's also what we have to pay attention to, not only technical analysis but we also have to analyze the fundamentals because it will also affect price movements.
This depends on us actually, because in trading requires mastery of not just one factor, but we have to master many factors to make the trades we do run according to what is desired. Although in some moments we also need a little luck, the difference is that the luck we get is the result of the analysis we do.
Yes, I completely agree with you, we should always do a great price analysis Because based on the things that are happening in the world that are so changing, everything has a repercussion, for this reason we will always add one thing, the analysis of both will always be an advantage for us , when we are looking for more options to win in trading, we should do and consider each thing, yes , luck can help us win or lose, but at least in crypto volatility is always one of the things we have to Deal with the most.
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when we are looking for more options to win in trading, we should do and consider each thing, yes , luck can help us win or lose, but at least in crypto volatility is always one of the things we have to Deal with the most.
Luck should not be considered because that would be seen as gambling to professional traders. The traders that earn money while trading prefer to set up a trading strategy and other trading plans that will help them to make money, but many of the traders are gambling. Some traders will learn about indicators and also continue to fail because they have poor strategies and trading plans. To continuing earning money in trading, excellent trading strategies and other plans are important.
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Trading is not a platform related to gambling, it is not also by luck we do trades, trading is on its own a unique way of investing on currencies against each other to either fall or rise, gambling is in many forms different from trading and it will sound unprofessional of us if we compare the two together, no matter what kind of trades we made, it is in no way qualifies to be gambling.
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In trading you always have to consider a lot about what we have, the concept of luck, and another part of the strategy, although many traders do not see it, I know that some are looking for the way to do things well, either with strategy or without strategy, but in itself casino games like slots, and roulette and others will always be based on luck, for me experience has a lot to do with when we have to bet, if we bet well it is because it goes according to the strategy and that is where the player's expertise is seen.
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Well, that's also what we have to pay attention to, not only technical analysis but we also have to analyze the fundamentals because it will also affect price movements.
This depends on us actually, because in trading requires mastery of not just one factor, but we have to master many factors to make the trades we do run according to what is desired. Although in some moments we also need a little luck, the difference is that the luck we get is the result of the analysis we do.
Yes, I completely agree with you, we should always do a great price analysis Because based on the things that are happening in the world that are so changing, everything has a repercussion, for this reason we will always add one thing, the analysis of both will always be an advantage for us , when we are looking for more options to win in trading, we should do and consider each thing, yes , luck can help us win or lose, but at least in crypto volatility is always one of the things we have to Deal with the most.
If we can realize all that, I think we will be better in the future and will get a lot of benefits. Although in practice it is not easy at all, but with hard work and continuous learning, nothing is impossible.
In addition, we must have a calm mind, do not be afraid of being left behind so that we make decisions in a hurry. Do not be too relaxed so that we miss good moments, everything must be balanced.
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Trading has many advantages over gambling. There, the influence of luck is not so strong. I understand that there are different types of gambling, including poker and slots. But nevertheless, trading seems to me to be the most controllable process.
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Trading has many advantages over gambling. There, the influence of luck is not so strong. I understand that there are different types of gambling, including poker and slots. But nevertheless, trading seems to me to be the most controllable process.
Yes, that is how it can be done better since roulette games, poker, all have their point of luck and sometimes everything is there, in mere luck, and obviously strategies can be used, but based on the fact that a casino game is careful because you have to be careful not to spend all your money, when we compare it with trading, in trading for me it is not luck, for me it is 90% wisdom and 10% that we can leave to luck and that is when we take into consideration the factor of volatility that can change everything.
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Trading has many advantages over gambling. There, the influence of luck is not so strong. I understand that there are different types of gambling, including poker and slots. But nevertheless, trading seems to me to be the most controllable process.
Yes, that is how it can be done better since roulette games, poker, all have their point of luck and sometimes everything is there, in mere luck, and obviously strategies can be used, but based on the fact that a casino game is careful because you have to be careful not to spend all your money, when we compare it with trading, in trading for me it is not luck, for me it is 90% wisdom and 10% that we can leave to luck and that is when we take into consideration the factor of volatility that can change everything.
I also think that in trading the percentage of control is very high, and the percentage of luck is small. Although I am sure that there are plenty of people who will say that the market is uncontrollable, and there is not a single person in the world who knows where the price will go next.
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Trading has many advantages over gambling. There, the influence of luck is not so strong. I understand that there are different types of gambling, including poker and slots. But nevertheless, trading seems to me to be the most controllable process.
Trading isnt for entertainment which gambling is, when you do make out such comparison then it would really be impossible that you cant really be able to determine those things along the way.
Trading would really be that become gambling on the time or moment that you wont really be that applying any analysis on which it is really that something understandable.
Based on luck in trading? Some sort of because not all the time on which price predictions would really be always on what you wanted. :)
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In trading, if you don't trade perfectly it depends on luck like gambling. Trading is one such thing, which we can treat like gambling. Because it depends on luck most of the time like gambling. Do not give up in trading, if you fail once, practice more, be perfect. And always make the right decisions. Make sure you understand each thing well and trade.
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I think trading is better than gambling. Though are all the same in risk, and in trading you are involved and participate fully to the core and it is also call trader centre business while gambling is casino centre business. Trader centre business in the sense that the trader determine when to start and when to end and also monitor the trading process and if it is not favourable, then he he can stop the trading. But in gambling you can stopped the game when it is going on unless they have asked you to cash out.
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We shouldn't take cryptocurrency for gambling, though in gambling, we can make use of crypto coins but when it comes to trading, this is an entirely different case, gambling is not trading and when we are trading also does not mean we are gambling, the mindset in which we have towards the two also may have to do with how we approach them, while their differences are obvious and plain.
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We shouldn't take cryptocurrency for gambling, though in gambling, we can make use of crypto coins but when it comes to trading, this is an entirely different case, gambling is not trading and when we are trading also does not mean we are gambling, the mindset in which we have towards the two also may have to do with how we approach them, while their differences are obvious and plain.
I think you are not getting what op is saying when said of gambling.. what op is comparing is the lost that comes in cryptocurrency while investing in it, for instance when you buy some meme coin and the price falls unexpectedly where you never regained any amount back is considered as gambling. Because in gambling when you bet and completely loss the amount it's considered that you lost all the entire amount used for gambling same it's applicable to cryptocurrency that went entirely flats without rising again. With this people can call it gambling.
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In gambling, when you lose your money, it is over, while when your trades lose, you can recover... but You still need to get lucky AGAIN :
If you lose a bet in gambling, you can bet again there too to get lucky again, it's not over there either.
Anyway, to answer to the topic, I consider trading similar to gambling as well, although the world has attached wrong notion to gambling alone and not so too trading.
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I also think that in trading the percentage of control is very high, and the percentage of luck is small. Although I am sure that there are plenty of people who will say that the market is uncontrollable, and there is not a single person in the world who knows where the price will go next.
And what you say is reality, there is no other way to do it or think about it , only that to have that Control it must be materialized in money , not in other things , for me money is what we must take care of the most, there is no other way, those who are guided by preserving Technology , being Enthusiastic about an action , a Crypto, I repeat , but they are tools to make money , the same Happens with the casino , which is where we will have the least Control , Clearly the market is not under control but according to our wisdom we know if we make money or not , that is why every time we try things we must do them as best as possible, always try to know more about Trading so that the success rate is Better , and for gaming , if you take advantage of luck at the right Moment.
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I also think that in trading the percentage of control is very high, and the percentage of luck is small. Although I am sure that there are plenty of people who will say that the market is uncontrollable, and there is not a single person in the world who knows where the price will go next.
And what you say is reality, there is no other way to do it or think about it , only that to have that Control it must be materialized in money , not in other things , for me money is what we must take care of the most, there is no other way, those who are guided by preserving Technology , being Enthusiastic about an action , a Crypto, I repeat , but they are tools to make money , the same Happens with the casino , which is where we will have the least Control , Clearly the market is not under control but according to our wisdom we know if we make money or not , that is why every time we try things we must do them as best as possible, always try to know more about Trading so that the success rate is Better , and for gaming , if you take advantage of luck at the right Moment.
Drawing conclusions after each of your actions is the only way to understand whether the activity you are doing now makes sense or not. And not everyone is capable of this. It was through this analysis that I realized that the market is almost unpredictable, but there are levels that give a forecast that has a probability of price movement that differs from 50 to 50.
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Many people find similarity in gambling with crypto by looking at certain market behavior. I also won't deny that crypto has nothing in common with gambling. There are certainly some similarities. But I agree with what you said that gambling is entirely about luck. However, while there are some similarities with trading, major differences exist. Due to these factors we can never think of gambling and trading as being on the same level.
Since the trading platform always goes through ups and downs, there may be some profit or loss due to price differences but a trader cannot lose his wealth completely. But gambling does not have that opportunity. There is not enough opportunity to use the talent in gambling. In trading if I buy bitcoins I may lose temporarily but in long term I will profit but gambling does not have that chance. Many compare crypto to gambling because of some of the shit coins, but in reality there is a wide difference.
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Both have luck and prediction involved but I would be more specific with the comparison. Skill based games and sportsbetting are almost the same with trading based on studying charts while degen trades are similar to luck based games.
When it comes to the financial market it can't really be compared to sports betting, but like you said both of them have predictions involved but when it comes to crypto trading there are so many factors that will determine if you are going to be in profit, as a good trader with a good skill set you can take advantage of opportunities in the market and control your losses which is known as risk management, gambling on the other hand is quite different because a little thing like a key player getting injured can alter the outcome of the gamblers prediction
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I also think that in trading the percentage of control is very high, and the percentage of luck is small. Although I am sure that there are plenty of people who will say that the market is uncontrollable, and there is not a single person in the world who knows where the price will go next.
And what you say is reality, there is no other way to do it or think about it , only that to have that Control it must be materialized in money , not in other things , for me money is what we must take care of the most, there is no other way, those who are guided by preserving Technology , being Enthusiastic about an action , a Crypto, I repeat , but they are tools to make money , the same Happens with the casino , which is where we will have the least Control , Clearly the market is not under control but according to our wisdom we know if we make money or not , that is why every time we try things we must do them as best as possible, always try to know more about Trading so that the success rate is Better , and for gaming , if you take advantage of luck at the right Moment.
Drawing conclusions after each of your actions is the only way to understand whether the activity you are doing now makes sense or not. And not everyone is capable of this. It was through this analysis that I realized that the market is almost unpredictable, but there are levels that give a forecast that has a probability of price movement that differs from 50 to 50.
Yes, indeed it is as you say, although in the crypto market things are quite unpredictable and sometimes it is so difficult to win, of course in my case I always use the Wyckoff method, but world events have left an aroma or a way of doing things different, each news is fundamental that affects the specific markets in a big way, and that is what rumors of war are, and certain political events, the market absorbs them and turns them into movements, most of them bearish movements, that is what we fundamentally must see.
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Both have luck and prediction involved but I would be more specific with the comparison. Skill based games and sportsbetting are almost the same with trading based on studying charts while degen trades are similar to luck based games.
When it comes to the financial market it can't really be compared to sports betting, but like you said both of them have predictions involved but when it comes to crypto trading there are so many factors that will determine if you are going to be in profit, as a good trader with a good skill set you can take advantage of opportunities in the market and control your losses which is known as risk management, gambling on the other hand is quite different because a little thing like a key player getting injured can alter the outcome of the gamblers prediction
You would really be able to determine the difference in between things if you do able to experience for yourself on what it is. YOu would be able to find out on how you would really be able to make yourself that totally be able to do on what are the things that you should gonna do. When doing trading then dont act to be like a gambler because it will really be just that
causing up that huge problem on the time that you would really be acting something like this. This is why its important that you should really know at least on what you are really that doing.
Never make yourself that being desperate on making profits because this could really be resulting into such huge problems.
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This is my second comment, because I have got some more to say.
I consider sports betting similar to trading because they are pretty much similar, luck based but still you can do your homework to make better decisions while gambling games that are purely based on chances such as dice, I do not consider them similar to trading at all.
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Well, gambling and crypto trading are similar based on speculation. If you are lucky, you will double your portfolio; if not, you can lose everything. In other words, you are trying to predict what might happen in the coming days ;)
However, there is a slight difference between them. In gambling, when you lose your money, it is over, while when your trades lose, you can recover... but You still need to get lucky AGAIN :(
I've a good experience in trading and I can't make any decisions without doing deep research. However, even if I carefully study the different possible scenarios, sometimes my crypto goes in the opposite way :D, which makes trading somewhat similar to gambling. isn't it?
Sorry but I do not agree, saying that cryptocurrency trading is a form of gambling because it's based on luck, is like also assuming that going to bed at night and sleeping, is also a form of gambling because waking up in the morning is based on luck.
You have to understand that literally everything we do in this life have some level of risk involved or attached to it, and that does not mean that those things are gambling, imagine eating for example, there is a chance that the food might choke you, and even to death, but we still eat without asking questions or any atom of fear.
Trading is trading, while gambling is gambling, trading has Its own risk involved, while gambling have its own risk, just like every other thing in life.
With a very good trading knowledge, knowing how to properly and effectively use your trading tools, you don't have to depend on luck to win trades, you can trade confidently and win with very minimal loses, while gambling on the other hand isnt exactly the same because, take slot games as an example, it gives the player no other option than to completely depend on luck, on like trading where depending completely on luck to win trade is an option, not mandatory.
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However, there is a slight difference between them. In gambling, when you lose your money, it is over, while when your trades lose, you can recover... but You still need to get lucky AGAIN :(
I've a good experience in trading and I can't make any decisions without doing deep research. However, even if I carefully study the different possible scenarios, sometimes my crypto goes in the opposite way :D, which makes trading somewhat similar to gambling. isn't it?
In trading and gambling, you can lose money and there is no way about it but while you can limit the amount you lose in trading, you can limit the amount you can bet on even though the two are speculations. You can control the manner in which loss can happen to you but I'm not sure if you can do that in gambling because loss is loss, you can jump out in trading and mitigate the loss instantly.
Gambling is an old fashioned ways of making money in the street but has been modernized but one thing remain about it, once you loss money in it, that's it you can't control it but trading been a financial way of investing and making money, you can use stop loss at your own convenience.