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Author Topic: Gambling or short term crypto investment !  (Read 1150 times)

Offline Ricardo11

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Re: Gambling or short term crypto investment !
« Reply #30 on: September 14, 2024, 11:17:48 AM »
Gambling and trading is not same. Gambling is a place of entertainment but trading is a source of income. you can also get money from gambling by winning your bet but it is very risky and if you get addicted on gambling then you will lost your normal behover and lost your financial Waight. Short time trading or day trading is risky but not as risky as gambling.  So if compare with gambling and short term trading then I will support trading. but if you want to get fun then gambling is for you
I totally agree with you, gambling is a place of entertainment but trading can be a income source. Because gambling is a game where the whole game depends on luck, skill and experience do not help much in gambling, here luck is the most important, but in this case in trading we can reduce its risk to a great extent by skill and experience. It is not as risky as gambling. So gambling should always be played for entertainment, but in trading we can consider it as a source of earning money by applying our skills and experience, nowadays many people are earning a lot of money from trading, they are considering trading as the only source of income and he What got from trading, he couldn't get from anywhere else. So getting high skill in trading is definitely possible to get the best.
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Re: Gambling or short term crypto investment !
« Reply #30 on: September 14, 2024, 11:17:48 AM »

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Offline MUGNIA

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Re: Gambling or short term crypto investment !
« Reply #31 on: September 14, 2024, 05:07:00 PM »
Gambling and short-term crypto investment share in common where they take risks where you can gain or lose money. Gambling is a form of entertainment where you bet money to earn and double money in return through casino games. slot games. sports bet, etc. Short-term crypto investment involves buying and selling cryptocurrencies to make a profit within a relatively short period. if I were to choose I would go to gambling but I would do sports betting. I have more chance to win because I can analyze the game to make predictions.
Trading requires expertise and skills to gain profit while gambling requires luck so we can really differentiate which we are gonna prioritize though this depends on what activity are we interested in whether trading or gambling but for me personally I would prefer trading.

Same as you, I prefer trading to gambling, my reason is if I trade or when I lose, for example the price of a coin goes down, I have 2 options, sell cheaply or wait for the price to come back, if I sell cheaply I still get money, if I gamble when I lose, the funds I have will be lost forever

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Re: Gambling or short term crypto investment !
« Reply #31 on: September 14, 2024, 05:07:00 PM »

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Offline laijsica

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Re: Gambling or short term crypto investment !
« Reply #32 on: September 15, 2024, 03:32:18 PM »
Gambling and short-term crypto investment share in common where they take risks where you can gain or lose money. Gambling is a form of entertainment where you bet money to earn and double money in return through casino games. slot games. sports bet, etc. Short-term crypto investment involves buying and selling cryptocurrencies to make a profit within a relatively short period. if I were to choose I would go to gambling but I would do sports betting. I have more chance to win because I can analyze the game to make predictions.
Trading requires expertise and skills to gain profit while gambling requires luck so we can really differentiate which we are gonna prioritize though this depends on what activity are we interested in whether trading or gambling but for me personally I would prefer trading.

Same as you, I prefer trading to gambling, my reason is if I trade or when I lose, for example the price of a coin goes down, I have 2 options, sell cheaply or wait for the price to come back, if I sell cheaply I still get money, if I gamble when I lose, the funds I have will be lost forever
In gambling there is a high chance of losing but there is also a chance of winning and a lot of profit but in trading the risk of losing money is very low but the chance of profit depends on the right currency selection and in short term trading the profit can be very less. I prefer both trading and gambling by chance because making money is the main thing. When it comes to trading I use a fairly long-term approach such as buying and holding bearish first and then withdrawing during bullish periods.
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Offline Legion

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Re: Gambling or short term crypto investment !
« Reply #34 on: September 18, 2024, 04:53:42 AM »
I consider myself a bad trader, if I trade it's almost like a gambling, I would have a better chance for making profit by betting on a cricket match.
Indeed, Trading can be like gambling at times especially if we don’t have a proper plan or we are not patient enough to withstand the movements in the market. Still, a lot of individuals have such thoughts at the start and, in actuality, trading can be more imperative and not accidental with better understanding and more cautious approach.
 
Still, if you want to stick betting to such games as cricket because you are more at ease when betting on the flow of the game, that’s quite alright. Each person may have specific issues that he/she is more familiar with and is therefore more comfortable with taking decisions about. In trading and all related fields, the key point to realize is to know the possibilities of a loss in each particular decision.

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Re: Gambling or short term crypto investment !
« Reply #35 on: September 18, 2024, 11:48:06 AM »
I consider myself a bad trader, if I trade it's almost like a gambling, I would have a better chance for making profit by betting on a cricket match.

You are telling the truth or just trying to be humble, I don't know but at least you know what you have to do to make a profit, so you are a skilled gambler :)

We all need to understand our strengths and weaknesses because that's where our potential lies.
Knowing our strengths can help us to develop ourselves and become specialists in fields that suit our expertise.

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Re: Gambling or short term crypto investment !
« Reply #36 on: September 19, 2024, 10:29:32 PM »
Comparing investment with gambling alone is foolish. Short term crypto investment is called trading and trading and gambling are not the same. And I think this mistake is made by most of the new members that trading and gambling are the same. In fact, it is understood that the person who is comparing trading with gambling has very little knowledge about trading and that is why he is making such stupid comparisons.
Gambling is completely dependent on luck from the beginning to the end and on the other hand trading depends on luck but you cannot be successful here without good analysis skills. So trading and gambling are not the same, gambling is for entertainment purpose don't mixup them.

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Re: Gambling or short term crypto investment !
« Reply #36 on: September 19, 2024, 10:29:32 PM »


 

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