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Author Topic: Gambling or short term crypto investment !  (Read 1167 times)

Offline laijsica

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Gambling or short term crypto investment !
« on: September 09, 2024, 12:08:32 PM »
Many people compare short-term investing to gambling, which leaves me wondering how true this really is. But I am not willing to compare short term investing with gambling.

Gambling is one of the means of entertainment where people spend their time and have fun but excessive addiction causes huge loss of gambler's wealth and he loses periodically but limited resources and time can greatly reduce his loss.

Short term investment through currency selection and investing accordingly is very risky but choosing the right currency and making the investment decision accordingly is very important for an investor. Many investors are making huge profits by picking the right currency and will continue to get richer because they prioritize early buying and diversify their investments short-term or long-term when a stack is formed.

In conclusion I can say that gambling is one of the means of entertainment and it is not only a means of earning money as many try to present it differently. On the other hand, short-term or trading is a popular way of making money that keeps money flowing in the market.
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Gambling or short term crypto investment !
« on: September 09, 2024, 12:08:32 PM »

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Re: Gambling or short term crypto investment !
« Reply #1 on: September 09, 2024, 01:04:49 PM »
In conclusion I can say that gambling is one of the means of entertainment and it is not only a means of earning money as many try to present it differently. On the other hand, short-term or trading is a popular way of making money that keeps money flowing in the market.
Short term investment is not trading. Or you want to talk about swing trading.. investing for a year can be seen as short term investment. Trading for 1 month is swing trading if you leave the trade open in a trade.

Trading is entertaining but not a way of making money. You can eventually win but consider trading as a means of entertaining yourself and losing money.

Short term investment on wrong coins or at wrong time is very risky.

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Re: Gambling or short term crypto investment !
« Reply #1 on: September 09, 2024, 01:04:49 PM »

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Re: Gambling or short term crypto investment !
« Reply #2 on: September 09, 2024, 03:41:57 PM »
I find it incorrect to compare and say that they are the same thing if we talk about gambling and investing (no matter if it is short or long term investing). When you gamble and lose, you lose all your money, when you invest into something, there is a chance to sell back assets and get something back. It might be nothing, but still it is more than a zero. People try to achieve different goals with gambling and investing. You cant invest for fun, and you cant place a long term bet and become rich the more you wait.
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Offline Stompix

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Re: Gambling or short term crypto investment !
« Reply #3 on: September 09, 2024, 04:09:15 PM »
Short term investment through currency selection and investing accordingly is very risky but choosing the right currency and making the investment decision accordingly is very important for an investor. Many investors are making huge profits by picking the right currency and will continue to get richer because they prioritize early buying and diversify their investments short-term or long-term when a stack is formed.

You've just got the definition of putting the bet on the right team at the right moment! Short time investing in low-cap coins is gambling, no amount of knowledge or research would be able to guarantee you anything, you choose the wrong time to invest and the wrong coin is like picking a bet with your eyes closed!
Crypto traders just hate the idea of being compared to gamblers because of their ego, but in reality, all they do is the same, if it were any different you would hear true success stories from daily trading, not hundreds of horror stories where wanna be traders get their positions wiped in seconds.


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Re: Gambling or short term crypto investment !
« Reply #4 on: September 09, 2024, 04:15:14 PM »
If there are people who thought of it that way, they really made it very simple in a way that you win some or lose some as a result of luck especially because its a short term crypto investment just like buying some coins and sell them after a week.

I would see it that way too if you tend to do this. Anyone who does it this way is risking more but I'm sure he will not sell in loss too and will end up holding a little longer.

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Re: Gambling or short term crypto investment !
« Reply #5 on: September 09, 2024, 07:21:04 PM »
I find it incorrect to compare and say that they are the same thing if we talk about gambling and investing (no matter if it is short or long term investing). When you gamble and lose, you lose all your money, when you invest into something, there is a chance to sell back assets and get something back. It might be nothing, but still it is more than a zero. People try to achieve different goals with gambling and investing. You cant invest for fun, and you cant place a long term bet and become rich the more you wait.

I know that there are some patterns and logical approach to crypto but let's tell ourselves the trutth they are technically the same thing and my reason for saying that is because you are guessing the price direction of a particular crypto currency which undulates or fluctuates due to several factors, that is also gambling because anything can happen at the end of the day. Everyone has their preference, some sports betting analyst will never go crypto and some crypto experts wouldn't try sports betting, just do what works for you

Offline Igebotz

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Re: Gambling or short term crypto investment !
« Reply #6 on: September 09, 2024, 08:32:51 PM »
Many people compare short-term investing to gambling, which leaves me wondering how true this really is. But I am not willing to compare short term investing with gambling.

Gambling is one of the means of entertainment where people spend their time and have fun but excessive addiction causes huge loss of gambler's wealth and he loses periodically but limited resources and time can greatly reduce his loss.

Short term investment through currency selection and investing accordingly is very risky but choosing the right currency and making the investment decision accordingly is very important for an investor. Many investors are making huge profits by picking the right currency and will continue to get richer because they prioritize early buying and diversify their investments short-term or long-term when a stack is formed.

In conclusion I can say that gambling is one of the means of entertainment and it is not only a means of earning money as many try to present it differently. On the other hand, short-term or trading is a popular way of making money that keeps money flowing in the market.

Because I gamble for fun, and short-term crypto investments cannot provide the same level of pleasure, I will always prefer gambling. Even though we often advise people not to gamble for the purpose of making money, it is still possible, especially if a gambler is lucky, to make money from gambling.  One of the advantages of gambling is that it can result in quick and unexpected wins. However, this should not be the basis for engaging in gambling.

In my opinion, both can be risky and dangerous, but with proper research, it becomes easier to mitigate the risks in gambling and make better informed decisions. In the crypto market, a variety of factors influence it, and rates are determined by these market forces, which means that profit is not guaranteed. Thus, I will be content to have fun gambling rather than investing in the short-term crypto market. 
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Re: Gambling or short term crypto investment !
« Reply #6 on: September 09, 2024, 08:32:51 PM »


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Re: Gambling or short term crypto investment !
« Reply #7 on: September 09, 2024, 08:52:28 PM »

there is a big difference to gambling and investing even if its just short term. the platform they are to be executed are very different already but many of us must have have been gambling while investing at the same time since we intend not to lose in gambling and if we accumulate more sats and tokens in winning from casinos i guess that is sort of betting that the token will also have a good value in the future.

in a way you gamble when you invest. if you risk your money investing in ICO being an early investor. its a gamble.  ;D

Offline Baofeng

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Re: Gambling or short term crypto investment !
« Reply #8 on: September 09, 2024, 09:54:20 PM »
I don't think that we can compare gambling and short term crypto investment. And I don't know how you can make big money in being a trader to be honest. Yeah, others might have succeeded already. But it will take some time for them to learn how to trade.

As compare to gambling, there are no learning specially if you choose to play luck base games. But the odds are pretty much stack against you, house always win. The only time that you will win is that if you are very lucky, but then you need to get out before your luck runs out.

Offline Zed0X

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Re: Gambling or short term crypto investment !
« Reply #9 on: September 09, 2024, 11:44:36 PM »
Many people compare short-term investing to gambling, which leaves me wondering how true this really is. But I am not willing to compare short term investing with gambling.
~
You are probably mixing short-term investments to degen investments. Although the latter is usually done on short-term basis, it's still different from the former. The main difference is the type of coin/token invested in. In degen, they are the typical projects with zero to little use case, no solid plan, and all talk. You are shooting in the dark which is basically similar to gambling.

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Re: Gambling or short term crypto investment !
« Reply #10 on: September 10, 2024, 03:36:42 AM »
There is no way to think of gambling and trading on the same level. Both have different characteristics. Even if a trader is temporarily at a loss in trading, he can recover by holding it. But a gambler has no such advantage. Although many people bring up the issue of luck in trading and gambling but I would advise them that good analysis and skill can be profitable in trading where skill is given more priority than luck. Those who gamble must take risks. Here the chances of winning and losing are equal. Gambling should be conducted with as much as one can afford to lose.

Offline bitterguy28

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Re: Gambling or short term crypto investment !
« Reply #11 on: September 10, 2024, 05:29:38 AM »
Although many people bring up the issue of luck in trading and gambling but I would advise them that good analysis and skill can be profitable in trading where skill is given more priority than luck.
in my opinion any amount of luck is welcomed both in gambling and trading however if you just rely on luck all the time with trading, most likely you are going to find yourself with too much losses than you would want

with gambling luck is all there is to rely on so you really have no choice even if you try to be ‘good’ at it, in the end luck is still the deciding factor

Offline SmartGold01

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Re: Gambling or short term crypto investment !
« Reply #12 on: September 10, 2024, 09:49:06 AM »
Many people compare short-term investing to gambling, which leaves me wondering how true this really is. But I am not willing to compare short term investing with gambling.

Gambling is one of the means of entertainment where people spend their time and have fun but excessive addiction causes huge loss of gambler's wealth and he loses periodically but limited resources and time can greatly reduce his loss.

Short term investment through currency selection and investing accordingly is very risky but choosing the right currency and making the investment decision accordingly is very important for an investor. Many investors are making huge profits by picking the right currency and will continue to get richer because they prioritize early buying and diversify their investments short-term or long-term when a stack is formed.

In conclusion I can say that gambling is one of the means of entertainment and it is not only a means of earning money as many try to present it differently. On the other hand, short-term or trading is a popular way of making money that keeps money flowing in the market.
Correct me if I am wrong; there have been several discussion in comparison between gambling and investment. To me the comparism is not bad but only on the concept that when you gamble it's assumed that you aren't sure of the outcome, then again, when you do investment be it short term or long term that is not related to bitcoin where you only buy shitcoin that holds no values then we can say these investment is referred to as gambling.

Buying shitcoin that has a higher volatility can never be referred as investment rather we can see it as gambling because that shitcoin may not have any future values and we can call it gambling, but investment in reputed coin such as bitcoin, ethereum or any other top 5 coin with less volatility can be referred as investment be it short and long term we can't call it gambling but instead investment.

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Re: Gambling or short term crypto investment !
« Reply #13 on: September 10, 2024, 02:51:02 PM »
There is no way to think of gambling and trading on the same level. Both have different characteristics. Even if a trader is temporarily at a loss in trading, he can recover by holding it. But a gambler has no such advantage.

It's exactly the same thing!
Too many try to pin it on you will never lose everything, well, tell that to the 9000deads coins that have been traded at one point that now are equal to zero, the same thing in unrealized gains, you can still cash out in gambling, your team can score in the 90+7 minute, the risks are the same, the gains are the same, no magical TA will able to shield you from risks in markets!

It's just that traders don't want to be portaited as gamblers, the reality is that's just what they are!


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Re: Gambling or short term crypto investment !
« Reply #14 on: September 10, 2024, 04:27:41 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.


 

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