Do you consider cryptocurrency trading a form of gambling based on luck?

[shanz]

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 , which makes trading somewhat similar to gambling. isn't it?

[bitterguy28]

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 , 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

[Charles-Tim]

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 , 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.

[SmartGold01]

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.

[$crypto$]

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.

[Zed0X]

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.

[MUGNIA]

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

[Rruchi man]

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 , 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.

[Aanuoluwatofunmi]

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.

[Captain Corporate]

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.

[salad daging]

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.

[electronicash]

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.

[SmartGold01]

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.

[Harkorede]

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.

[bisdak40]

~.....~
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.