After all, investing in cryptocurrencies is very risky. I recently argued with my friend that trading is very different from gambling. But when he asked: And what exactly? I could not provide arguments, because in trading, no one knows where the price will go next. And no one really knows that. Also, many people do not believe in technical analysis. In general, I felt lost.
Hmm, buddy, i do agree with you at some point as trading is really like gambling for the person who do not have sufficient knowledge about the market, like how market work. He or she is just taking entry into the market just to make sure of their luck, like whether they are bad at it or not? Haha, so yes, for that kind of person, trading is surely gambling. At the same time, one who is surviving in the crypto market has very good knowledge about the market; he is not gambling at all as he knows the beneficial facts of the market, although he can also fail in that because no one can time the market so accurately.
Before taking in the market, one should first focus on getting some good knowledge about risk management so that he can manage risk on his open trades. Well, in my opinion, a newbie should start investing in the spot rather than doing trading. What do you say about it? must share your opinion. Many Thanks!