Saving... Investing... Speculating... Gambling? (Poll)

[bayu7adi]

The most difficult thing is to always make a profit in a consistent way. Many traders still have this problem because they are usually stuck at high prices and limited capital is the main factor. Maybe it will be different when we have unlimited money and can regulate how much capital we use to trade on certain coins so that when the coin we buy does not have good price movements, we can buy other coins that have good price movements.

All coins basically move, but the thing that makes it difficult is where they will move in the future... if we can all guess the movement, then getting instant profits is very easy... it's like the science of prediction which if someone can read the future, then we can easily become one of those lucky people.

Of course, trading is more difficult than holding... but it is easier than gambling... trading has data that can be analyzed, just like investing... but gambling, some games really rely on luck alone.

[pieppiep]

The most difficult thing is to always make a profit in a consistent way. Many traders still have this problem because they are usually stuck at high prices and limited capital is the main factor. Maybe it will be different when we have unlimited money and can regulate how much capital we use to trade on certain coins so that when the coin we buy does not have good price movements, we can buy other coins that have good price movements.

All coins basically move, but the thing that makes it difficult is where they will move in the future... if we can all guess the movement, then getting instant profits is very easy... it's like the science of prediction which if someone can read the future, then we can easily become one of those lucky people.

Of course, trading is more difficult than holding... but it is easier than gambling... trading has data that can be analyzed, just like investing... but gambling, some games really rely on luck alone.

Exactly, all coin price movements depend on the product they are developing. As long as they have high demand, the coin price will automatically increase. In my opinion there is no luck in Cryptocurrency it all depends on the demand of traders and whales which provide price movements.

I think the risks we take are very high when gambling. Gambling will cause the assets we use for capital to disappear instantly. Meanwhile, our trading still utilizes the Stop Loss feature found in several exchanges.

[Aanuoluwatofunmi]

I will advise that we save as much as possible with our investment on bitcoin, speculate well on the market performance and also understand the market season, when to buy or sell and how long to hodl while speculating more on the chart to know the price performance, but don't gamble if you're not ready to spend money on having fun because you will most likely loose and this is an entire different thing unlike crypto investment.

[Jamal Aezaz]

I personally don't target big profits, small profits are no problem as long as I can consistently get them. I think if we are consistent then we will get big profits.

I also always set targets and that becomes my limit so that greed does not take control of myself. This is very important because from previous experience, greed is also a problem that makes everything bad. So that way I can become even better.

Some individuals miss getting the title reward because they desire to have more profit as a result of which they are not ready to get the little profit but in my opinion little reward will make you able to become wealthy one day. Those who are not thankful for the little amount will regret in future but at that time there will be no need to feel sorrow as the past never comes again.

Those individuals will not regret in future who have settled their target and they are not changing their target because they know that greed can affect their profit and they can face major loss due to their greed. Making a target will help you to reach your destination easily but here one should focus on ignoring their greedy behavior.

[|MINER|]

All coins basically move, but the thing that makes it difficult is where they will move in the future... if we can all guess the movement, then getting instant profits is very easy... it's like the science of prediction which if someone can read the future, then we can easily become one of those lucky people.

Of course, trading is more difficult than holding... but it is easier than gambling... trading has data that can be analyzed, just like investing... but gambling, some games really rely on luck alone.

Dude, we souldn't compare trading or long-term holding with the gambling because people do trade for eanring money or they can take it full time job but  gambling is for entertainment purposes not for earning purpose. So there will be no question if trading is easier or harder than gambling.
Trading need lots of skill for success need analysis skill if you have then it might be easy to earn profit but if you don't know about the analysis knowledge then trading will be also like gambling for you.

[pawel7777]

Voted investing, like the majority of people, but to be fair, for the most part I held btc with no real goal, I guess I simply liked to have it, never intended to time the market, and wasn't excited by a thought of converting it to fiat.
This cycle (if the cyclicality is still a thing) I intend to take advantage of the predictability of price action, sell high and buy back low.

Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?

There's a lot of overlap between all those terms and some can be used interchangeably.

[$crypto$]

Voted investing, like the majority of people, but to be fair, for the most part I held btc with no real goal, I guess I simply liked to have it, never intended to time the market, and wasn't excited by a thought of converting it to fiat.
This cycle (if the cyclicality is still a thing) I intend to take advantage of the predictability of price action, sell high and buy back low.

Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?

There's a lot of overlap between all those terms and some can be used interchangeably.

However, I suggest that it would be better if you had a goal in holding bitcoin, we could use that as motivation. The reason is that if you do something without a goal, I think it will be less than optimal.

In everything I do, I always determine what my goal is, if that goal has been achieved I can have and pursue other bigger goals, and so on. This is not a form of our greed or ambition for something, but this is something that becomes our motivation.

[Mr. Magkaisa]

The most difficult thing is to always make a profit in a consistent way. Many traders still have this problem because they are usually stuck at high prices and limited capital is the main factor. Maybe it will be different when we have unlimited money and can regulate how much capital we use to trade on certain coins so that when the coin we buy does not have good price movements, we can buy other coins that have good price movements.

All coins basically move, but the thing that makes it difficult is where they will move in the future... if we can all guess the movement, then getting instant profits is very easy... it's like the science of prediction which if someone can read the future, then we can easily become one of those lucky people.

Of course, trading is more difficult than holding... but it is easier than gambling... trading has data that can be analyzed, just like investing... but gambling, some games really rely on luck alone.

Exactly, all coin price movements depend on the product they are developing. As long as they have high demand, the coin price will automatically increase. In my opinion there is no luck in Cryptocurrency it all depends on the demand of traders and whales which provide price movements.

I think the risks we take are very high when gambling. Gambling will cause the assets we use for capital to disappear instantly. Meanwhile, our trading still utilizes the Stop Loss feature found in several exchanges.

      -     Yes, it is true that trading is not gambling, and it is wrong to think that it has a similarity to gambling because trading is a skill that can be considered an individual's benefit, so for others it is a course, right?

Whereas in gambling, you won't hear anything about it being a course; instead, gambling is known as fun and entertainment, and winning really depends on luck, while trading is not like that.

[Sim_card]

The most difficult thing is to always make a profit in a consistent way. Many traders still have this problem because they are usually stuck at high prices and limited capital is the main factor. Maybe it will be different when we have unlimited money and can regulate how much capital we use to trade on certain coins so that when the coin we buy does not have good price movements, we can buy other coins that have good price movements.

All coins basically move, but the thing that makes it difficult is where they will move in the future... if we can all guess the movement, then getting instant profits is very easy... it's like the science of prediction which if someone can read the future, then we can easily become one of those lucky people.

Of course, trading is more difficult than holding... but it is easier than gambling... trading has data that can be analyzed, just like investing... but gambling, some games really rely on luck alone.

Hodli is the easiest of all but it boils down to the kind of coins that you are hodling, because if you go and hodli the wrong coin for long, your bag will turn to zero when you wake up one morning. Bitcoin is good to hodli than to trade it. If I want to trade, I will prefer to trade on altcoins because of their ×1000 profits that they gain within a short period of time. Gambling is for fun and not to think of making profit from it because it is 50-50.

[Hamza2424]

Hmm, this poll is still alive here, anyway results are quite satisfying, as gambling is discouraged here, TBH I was curious who are these 2 voters. How can they consider gambling a reliable option for the assets? I know taking risks is important in life but things like gambling are not only risky but morally wrong. Because you cant control yourr personality if you are a gambler the lust of easy money can ruins your and your loved ones lives.

[alltalk]

Yes, it is true that trading is not gambling, and it is wrong to think that it has a similarity to gambling because trading is a skill that can be considered an individual's benefit, so for others it is a course, right?

Indeed. Trading is different, it can't rely on the luck as gambling. Sure, trading requires ability/skills, knowledge is very crucial in trading. If we have no knowledge, it is impossible to have proper ability/skills. There is no chance to take profits without ability/skills. Meanwhile in gambling, we can win it even if we have no ability/skills at all.

Whereas in gambling, you won't hear anything about it being a course; instead, gambling is known as fun and entertainment, and winning really depends on luck, while trading is not like that.

Sure, we don't need certain lesson in gambling. For luck-based games, people can play them without any lesson. You're right, mostly people only spend time to get entertainment in gambling. So, they are not so serious to learn the gambling games specifically.

[ajiz138]

The most difficult thing is to always make a profit in a consistent way. Many traders still have this problem because they are usually stuck at high prices and limited capital is the main factor. Maybe it will be different when we have unlimited money and can regulate how much capital we use to trade on certain coins so that when the coin we buy does not have good price movements, we can buy other coins that have good price movements.

It is undeniable that if you want to get consistent profits, it is something difficult, and believe it or not, in managing finances you must also be able to manage it very well, because if not, it will be a mess.

Sometimes we think it's easy, yes, logically with small but consistent profits it can be easier to achieve. But in reality it is not easy at all, because sometimes on the way there are things that make us have to experience losses.

[UNIVERSE]

It is undeniable that if you want to get consistent profits, it is something difficult, and believe it or not, in managing finances you must also be able to manage it very well, because if not, it will be a mess.

It is something very difficult to get consistent profits for an average trader like us. I think only professional and experienced traders can do it, it takes a long process to get consistent profits. It is not only about financial management, it is also related to knowledge and experience.

Sometimes we think it's easy, yes, logically with small but consistent profits it can be easier to achieve. But in reality it is not easy at all, because sometimes on the way there are things that make us have to experience losses.

There is no term of easy profits, specifically in trading. We know trading is a complicated thing, that's why people must take a serious lesson before starting trading. Sure, we may have higher chance of losses without proper knowledge. So, it is too risky to trade without serious lesson.

[albon]

I am participating in voting by investment but in that case i always want to get myself into the smart investors group. As with all major market crashes or bear markets, when the tide turns against the entire market almost every asset class is at risk of sinking. So you should always check the favorable market conditions. Moreover as a crypto investor, you may not be able to fully mitigate risk. But you can creatively build a well diversified cryptocurrency portfolio capable of taking some hard hits in the market.

[Peter90]

50% of forum members describe themselves as investors and 15% as savers.
Only 25% see themselves as traders.
Interesting




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