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

[Agbe]

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

[LUCKMCFLY]

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.

[milewilda]

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.

[libert19]

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.

[Fivestar4everMVP]

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?

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.

[Gurujebs]

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?

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.