Bitcoin Forum

When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning     

So you're one of those noob's who simply think that they can get huge amount of money here. You thought that this is a get rich quick scheme. Its a hard and expensive lesson to learn, isn't it? For sure you FOMO as well at the end of the year, sadly though the sentiments have changed. And now you realized what you have done, but its not too late.


Exactly, you need to work very hard here. There's no magic or secret here, everything is written on the board. Work your ass off and get the rewards and learn through your mistakes and let experience be your best teacher.

Depending on how you trade it is still gambling.

You are like betting the price will move on the direction you bet.

Would you also call trading with TA gambling too? I thought once a trade placed is a product of some analyses, then it isn't gambling. In gambling it's either head or tail and you're definitely on one side of the bargain, but in trading, you're on both sides technically as you set TP prices and SL prices should things not go as planned and you're taken out of the trade.

No it is analyzing where price moves finding probability of next move and trading with good risk reward

it is not betting ,

betting does not involves any analysis or money management

I don't agree with that.
When you bet in a sport team, or a fighter, you are able to analysis who are betting and his opponent, and decide based on probability and statistics.

Ta is somehow statistic as well, and may be less precise than this sport analysis

I totally agree with your opinion. Because I've had the same mistake. I was stupid to invest all my money and not have to spend my life and some other money to solve. It made me very depressed and so I had to sell it for a low price. Know how to manage your finances before investing. That is a very important skill.

I agree with you and learning process in trading is very expensive.  If you really want to trade the first thing to do is to spend quality time demo trade or fund your trading account with little fund and trade with it.  The process of learning is the most important time of all. If you have no idea on how cryptocurrencies market work there is no need of going into trading and whatever you do you are actually gambling.

Rushing your self into things directly without even knowing or doesn't have any plan or idea will really put you into trouble or simply you would really lose up money.
Trading can really be like gambling but in those times where you are putting or carelessly making trade orders without any basis. Even we know trading is better than gambling these kind of times
that we can actually tell that they are the same on that exact situation. Therefore, don't rush things up because trading cant really be learn overnight.

title is good  ;D
many of them start from gambling many leave market after gambling , and many rectify there mistakes and learn and continue to trading
its good to hear that you have learnt from mistakes and making profits

Gambling is not for me. You can become addictive to it, forget about real life and finally, even lose all of your money. Trading is something that gives me not only the profit but a lot of confidence, man.

If you’re inexperienced and trade based on emotion, it is entirely possible that trading can be gambling. Like anything else, trading requires experience more than anything, and that’s something you can only gain with time. I agree with most of your tips, but it’s okay to start with a small amount of money you can afford to lose at first. It’ll help you trade realistically and you’ll gain experience with actual trading by doing so. Some sites also offer demo trading accounts where you can learn to trade on your own without investing any money.

All the beginners are cross the same story but no one is said openly because they are all gain some knowledge in next trading so they will never loose the hope in trading platform. Most of the investors are trying to improve our knowledge each investment so everything is a good experience in crypto platform.

Trading is partly gambling IMO as you're betting with the choices you made without any assurance that you'll profit in the end. Also, knowing that the markets are places of extreme dynamism, you must always be ready to face losses and move on with a better plan. I learned this in the hard way when I lost a significant amount of trading money in a coin that's performing pretty well for a month only to have its numbers brought down without any form of warning or hint that it will crash.

Oh and as always, never try to invest what you can't afford to lose.

Of course, it's not easy to do that.
Trading will always require time or process to get decent profits according to how much we try to keep learning until we reach the next stage in trading.

Well at lesat you have learnt something from it and I congragulate for this winning as you have stopped gambling and came to trading which is more secure and gives healthy profit. Secondly gambling is just waset of money the house always wins so it is awesome that you have came to trading I am happy for you. I hope you get profit in trading and hope you learn some skills of trading.

Trading is surely much safer than gambling and a lot better. But as you noticed in your topic, the knowledge is highly required before starting with this field, because even trading includes a level of risk, and without a good knowledge you risk losing your hard earned money.

What about another opinion that practice is essential to learn? If you don't make mistakes in investments, you will not know how to make things otherwise. Both gabling and trading are really mostly leading to losses of funds. Of course, both have exceptions like professional poker players or traders. If you want to earn money, it's better to find a stable job. The market's bearish, people are dumping it regularly, so it's not the best time to try trading. What you could try is invest your money long-term while earning from working. If you want to connect your life with cryptos, start from bounties, try translating documents and writing articles. Good luck!

It may be the hardest lessons that you learned from life but the essence of it all is to let you learn from it and now you just learn from it. Now, for the gambling you might learn another lesson again if you made a big mistakes while in gambling because most people under in it without the control of their self will also suffer the great cause of their actions.

Yes when first jump in to trading, we should be more focus to learn about management of risk and money and dont set the target profit first, the more important thing how to minimize the risk first. And after we have some strategies to minimize the risk and then we can set the target monthly profit. So make risk management is very important first.

This post is useless, since you haven't explained what exactly it is that you learned which turned you from a gambler to what you consider a "trader".  It's not helpful for anyone, and for all we know you could just be telling us a story.

Investing in any crypto is gambling, I don't care what anyone else says.  These coins on exchanges may as well be horses running around on a track with people betting on the winner.  There's nothing to analyze except for news (and much of that is just hype) and rumor.  Sounds like OP got lucky and thinks he gained some sort of wisdom from his luck.

It maybe a painful lesson you have here but it is not yet over and not yet too late. There are many of us here who experience the same as you and i think it is a normal thing to think that we will become rich here quickly but it's not. We should fully educate ourselves and learn the things how crypto should work to our advantage.

Trading is similar to gambling where you may lost or win when requesting to buy or sell and altcoin. The only difference is that risk csn br manage in trading while in gambling, you only rely in pure luck. You can make proper decisions in trading by applying TA and FA. It really is not advisable to trade if you don't know what are those risk you will be facing.

Because without knowledge capital then you just go back to gambling in trading. you have to learn first about the market, its changes, what instruments affect the market, how to analyze and so on, don't let you try but you don't understand it, because you dont want to repeat mistakes the same as in gambling right?

Trading is gambling if anyone dont give respect to risk and money management one will be leaving market with huge loss

not using any trading signals , i did some searching in telegram i got some books and video course which helped me in learning
I am practicing what i have learnt and want to perfect it rather than searching for new things 

Gambling and trading are two different things with different side. Gambling depends on luck and here has a lot of chance to loss capital. It is much risky than trading. On the other hand, trading can help you to make money if you start it with correctly. Experience and knowledge also be needed here.

Being knowledgeable about the market doesn't guarantee earning. Surely, before you start trading you should learn everything about it, but if you are not going to practice your knowledge, no point to reading. Imagine that reading is as first step and applying is second step and you need both steps to walk.

is very different between gambling and trading. gambling relies more on probability and luck in decision making. while trading requires technical and fundamental analysis, understanding market trends, emotional controls and abolishing greed and more. both have the possibility of high profit but rational trading is still better.
If you still play gambling then switch on trading because it is more profitable

I agree.Trading is more profitable than gambling but you need to exert more efforts in learning.Having huge profits in trading is not just an overnight process.Of course you have to work for it.Keep on learning in trading by experiencing it more often.It will really help you to develop your own skills that will make your trading a successful one.

I consider trading as one type of gambling only, because when you do it unknowingly (or even if you know about your trade), and it goes against you (your bad luck or if you enter at the wrong time), then it is totally a gamble of your money only. While you're talking about learning only, take one from me - When there's blood on the streets, buy it on as it'll only give you profits but for that, keep watching the whole market and only buy when it shows any signs of recovery and only buy when all coins show a recovery of at least 5-7% of gains. It's not really good to put your complete money into one, diversify - but only diversify them into the best projects into a 50-50, 30-30-40 or 60-40 ratio. Don't put what you can't afford to lose, use an amount that you're not worried about even in the loss case.

I don't think so, what you are not doing is betting on where it will go but you are buying something where you put some educational background on it before you even buy it. In gambling you only have some patterns and last outvomes of the bet yet it doesn't really increase your chances on guessing the right bet. With technical analysis you are actually limiting the risk as TA helps you find out where the trend might be which has been proven even in other markets that it works. Please do not mix the two again. As just by buying it without doing any research is only guessing that it will go up.

You are not the only one who thought that gambling and trading are almost the same and that the equal rules could be applied.
But for trading you need to have some knowledge and expertise to be successful and get some profit. In gambling you depend on luck in majority of cases so it's totaly different approach.
And if you are a good gambler that doesn't mean you will be a good trader and vice versa.

That would be the hardest lesson you'll ever encounter in your life since you are just a newbie in this crypto market though it is not too late to start and try again. You may not want to do that silly thing that you have done before or else you will always feel the regrets and agony of losing your hard earned money. And also by doing some research, reading, taking notes, and any important details is very essentials in trading field.

We have many experiences in crypto when we started to take the risks by investing. It is a gambling that you should have given the time and effort to learned. It is not should be for fun to waste of time and money it should be taken seriously since you will put your earn money in trading. Therefore, learned first before putting your money in crypto or start trading in order not to lose.

Your experience could be a lesson for the new traders. Not only you, but most of the newcomers also came into the crypto world to earn quick money while they know nothing about how the system works! Not only in trading, rather investing in ICOs or even holding needs knowledge and lesson. Your last statement was clear, everyone should learn first then they should practice with a tiny amount of money then they can hope for profit in their real trade.

I lost most of money in gambling but because I see trading I stop playing gambling. More traders who are from gambling are change their life because they will stop gambling and they start doing trading and most of them became rich because they invested bitcoin and altcoins last few years ago.

Very good to know, the gambler will always it is a very tough job to make money through gambling. From trading, even though we lose value but when the prices start increasing we can easily make more money. Gambling is very risky one to make money and chances of losing money is very high through gambling.

actually in the world of bitcoin buying and selling is like we do gambling, but actually it is not like that because gambling with buying and selling is not the same, if gambling we can lose all without being able to return but if we buy and sell bitcoin you can indeed reduce but not means lost and can return again if the value of bitcoin rises, we can even profit a lot if the value rises sharply.

In gambling the chance or probability of winning is so slim that it is not worth to gamble just to earn profit. It is a good thing that you realized this early that gambling will not do good for you. Shifting to trading is a good idea but don't set your mind that you will earn profit here quickly. You have to work hard and give it some time before you earn.

in gambling we need only one thing that is money

but in trading we need many things other than money,money management , emotion control , analysis , i can say Trading  is professional gambling  ;D ;D

either you done it professionally with studies, research, TA. else what you doing is gambling.

Yes, indeed, before you start trading on the cryptocurrency exchange yourself, you need to have a good level of knowledge. Many coming to this market, I think that here you can easily earn and in the end they lose money. Lucky few. Therefore, first you need to get at least basic knowledge, and then regularly improve the level of knowledge.

for people like that, of course there are two possibilities, first, they are traumatized and leave cryptocurrency, and secondly, they are curious to learn crypto, and finally they become experienced traders

Well sometimes we need to lose also before learning,so don’t be afraid to gamble your money because this will teach you to become more efficient and practical traders

I have been trading in past but had stopped because of multiple losses i have experienced this burden season

But this doesn’t mean that i will permanently leave trading ,i am just waiting for good timing to re enter and take the risk of gaining again,also of losing

You need losses though so that you can learn. Although you stated that you should not put your hard-earned money before learning, I don't agree with this statement because you need to put it so that you can learn and then feel how you lose so that the next time you trade, you would be careful and think of why you lose. You will eventually notice that you are slowly gaining knowledge and then develop a trading strategy that would help you make a profit in your trades or in case it is a negative result then you can minimize your losses.

Educated guesses based on "research" and TA are still guesses; you are either right or wrong.

The thing with trading is that most of these chart folks always have an excuse to fall back on. If they guess right it's their wonderful analysis that made them a good bit of profits, and when they are wrong it's suddenly an 'unexpected' event having made sure that their analysis didn't match. The funniest part is that you can't even blame them for their excuses because markets as speculative as the crypto market can change in an instant. :D

Common sense is what matters here, and it tells me that people should refrain from messing with current market for short term gains, but solely accumulate for the next leg up.

You are right, if you have money you can gamble what you want but if you want to trade you will have to carry a lot of things with you at a time, in gambling only those use to win you are well experienced but in trading all those can win who have good knowledge, trading needs only to be skilled, so now a day many gamblers are now trying to become traders.

Just because you lost everything while trading does not make it gambling. You are right, you shouldn't have jumped into trading from the very beginning without knowing anything about the market. But this does not mean that you will not trade at all unless you have learned everything. You should actually try investing small amount of money into trading and learn from the mistakes you will be making. In fact you will be getting experience while learning.

How long did it take for you to realize that you were not doing trade but make gambling?


How long have you been learning and how often do you trade?


I agree, that is why I asked how long you are doing trade and how often you are doing trade


This is the rule for all business and this includes trade

Trading with small amounts and losing them will just act like that you are paying tuition on learning from school and its more worthy than to pay up someone to join up some trading courses. Learning would always vary on experience rather than making yourself going full time on reading up on fundamentals rather than on actual. Losing is inevitable but we can really reduce such thing on how we gonna execute trades basing on our experience that we had faced.

Gambling will not increase profit basically, even if we continue to profit, I am sure, the results of these profits will also run out quickly without being felt. something from gambling is, things that are quickly obtained, but also quickly run out. however we try and as difficult as that, it's better.

There are many people who take advantage of e-money to do illegal things like money laundering and gambling. Be careful with the deals you join. That could be a scam, you will lose money. No one can stand to help you get your money back if fraud occurs.

Very hard to get money in gambling even you have lots of capital therr is a big possibility to lose it that is why for me trading method is the best way to earn money just put lots of effor to learn and to be good trader. Gambling is not a source of income it is a past time or entertainment but do not need to be addict

It good for you, many people doesn't realize the importance of basic knowledge until they already lost a lot of money, and there are a lot of things to keep on learning in trading, when you already got experience and knowledge then you are no longer gambling with market

Most times, people who always approach trading as gambling always get to learn the hard way in the end, just that as some people get frustrated and chicken out looking for other ventures where they can make money easily, some will realize their mistakes and know that this is a world where you need to learn first before you can be able to get anything tangible out of nothing.

Trading is a ball game that requires a lot of understand of the market, what you are doing and require you to at least learn some strategy and until you are able to do that, you will basically just find out that you have so much mistakes to make in the long run and so much to lose as well unless you take the bold step to learn and practice first.

Turning from gambling to trading is not easy at first,because maybe you can't control yourself to gambling again and doing trading,so therefore you could not doing the one things at the same time,so its better you must choose if what you must do first  if you gambling or you must doing trading investment in order to gain a good profit than to loosing in doing gambling games in crypto.

starting with less capital is very good we will lose it but we can get valuable experience , it is like paying fees for market it will teaches us many things
 

Gambling and Trading are clearly different things. Exactly what you say that trading requires experience and skill. Both are needed and when we can master them we will get closer to success. While gambling is just something that is very influential by luck. For me Trading is a much better thing and has far more certainty. understand and practice your abilities and you will be able to profit gradually.

 That's right, we should spend money on studying before practicing anything. Because investment is a field that requires broad knowledge of economics and financial indicators. If we do not understand that, we will be very easy to invest blindly and be considered gambling.

I was also guilty of this at first, but my determination actually helped me over the years and I realized that eventually the time I was using to do trial and error, I would not have taken that much of a time to learn and start doing things right.

All you need is just a good strategy, confidence in executing the strategy without emotions, understanding the importance of reward risk ratio and money management and you will find yourself doing better over time. Those who have no strategy when it comes to trading are just busy gambling, and until you give yourself some brain, and you do things the right way, you will just keep making silly mistakes.

You are not guilty for anything, for every knowledge we need to pay something, somehow. When you can lose just money its the most simplest, you have money for practice, you tried things, you learned about everything. When you don`t have money you need to lose a lot of time and energy to learn something.
Most of us, if not all, lost a lot in trading and gambling before we learned how to take care of bankroll management, before we learned all the tricks, and come to the point where we earn more than we lose.

if we dont spend any  money there is no leaning and there is no earning we should pay fee for learning in training or to market

But still lot of people were doing trading as gambling that is why they are crying after their loss they didn't prepare well for their trading.When to start buying and when to sell their coins re the real work of the traders but the people who are doing it as gambling will do it in the opposite direction of buying when the prices at high and sell when the prices got decreased.I agree that start doing trading and look for the profits once you learned. :)

Actually they are not wildly different. I mean in gambling there is a house edge that will make sure you will not make money on the long term whereas in the trading world you will make money on the long term if you do not sell before profiting.

Nevertheless the similar side is that it requires strong will and less emotions involved, if you try to chase your losses in gambling than you will eventually lose all of your money, in trading if something you bought dropped you need to wait until it goes back up (if it is a good coin and not some scam coin in which case you should cut the loss and get out) so patience is surely the best things you could do in both of them. The point is gambling gives you an experience about not chasing losses and not acting impulsive and try to do silly stuff, that will help you during trading.

That's what is often experienced by traders or investors who have new entered the crypto world, they are not aware that the market can also be manipulated, the crypto market is very volatile and the risks are very high, this is also one of the factors why we are often bearish now this. Learning about the place we are going to pass is very important to be able to fight and not make a wrong decision.

gambling will only make you lose, good management is also a factor why gambling is never good. so I think trading with good management can be used as the best choice and it will still continue to be useful for future profits.

How often do these indicators in crypto actually lead to anything? People guessed so much left and right in the last months, that they finally accepted that the market isn't going to do much other than to hover around $6500.

The descending triangle that people were eagerly looking forward to with how they believed it would result in a massive breakout didn't lead to anything. Here we are still moving sideways, and there doesn't seem to be an end in sight.

People need to admit that they are guessing at best, even when it is based on whatever form of analysis. I don't see traders for once admit that there isn't much to gain here, and that it's not as profitable as people think it is. That's honesty.

indeed, in a business we are required to learn, but I feel an understanding of a situation that can suddenly change is very difficult, in addition to the need for good mental trade is also very needed by teachers who always direct us to act not recklessly, so in Bitcoin business is unique because profits can occur suddenly but can also reverse losses suddenly ...

People who trade as gambling because they think simple is buying cheap selling expensive without understanding that trading is more than that, how to understand the market situation and how much money you can afford to lose is also important to consider.

This is what we al does as newbie traders and the losses is part of being mature in this of society when everything relies on volatility i have been a loser once when i am starting but now i can say that trading is one of my profitable places.ofcourse second to our family business that me and my brother runs for almost 10 years now,

Gambling is not trading and people who have faith that trading is easy, please leave trading right now and never come back again. First thing we should have is the right mindset about trading, in this activity risk is part of it. Until now never know people never loss but I believe some people have better future with trading. So, let's fix mindset, learn the market work and practice.

I think this is the case for everyone that had started out trading without prior training or learning. Majority of us came  into cryptocurrency with the mindset that it is a continuous bull market with quick rich ability. After few investments and having incurred some losses and seeing the fluctuations there in, It is then dawned on one to learn how it could be of immense benefits to learn how to do the trades. So many exaggerations and high expectations are reasons for gambling. You are not left alone on the story, a lot of us have had the experience while a lot still do.

That's right, trading can be nothing different from gambling based on approach. Overtime with practice, a trader most likely becomes more knowledgeable - knowing how to demystify and surf the market waves and that is where guess work, shooting in the air or gambling ends.

The mind need to be taken off profit making and focused on learning then the money would be sure to come later.

At beginning many traders do see trading as gambling and do gambling also , but when they lose money and start studying they realize that trading involves many things and trading is different from gambling

yes at beginning even i experienced same and after learning trading was way different from gambling

when you switch to trading it is the best choice and the right choice because if you are still in the gambling world it will make you experience a lot of losses because when you lose then you will lose assets that you have not left directly. whereas when you trade when the price falls you can still hold and will not lose the assets you have when the price falls and sells when the price has risen again.

I agree with you, if you didn't study first what is trading in cryptos and make some analysis then your probability to gain profit is too little.

Learning from mistakes makes us to be more careful and a better trader. We should always think that this is not a rich-quick scheme as what the others always telling about. Trading cryptocurrencies needs constant monitoring which means we need to set a plan on how we are going to do it.

To avoid the blunders and make your money lose a ridiculous amount, we need to invest in education before practicing. Knowledge in the field of investment is very important and we all need to undergo a course to gain more experience.

learning from beginning mistakes is very valuable it will teaches many things also if we continue our beginning mistakes it will be continuing gambling , we have to lean understand and convert gambling to trading this is what many pro did at there beginning any way you have learnt from the mistakes in future you will be successful

Your trip seems very good because by switching you from the world of gambling to the world of trading it is very good because surely you already have gambling experience that makes you lose and now you are on the right path and the risk is much smaller than gambling.

Trading and gambling both are so risky .Difference is that you have something to learn in trading to make profit on the other hand nothing to learn on gambling.Gambling is defend on luck just.Trading is that field you have to learn first either you will be looser as you said .Its great to see  that you have learned and now earning.Keep earn daily .

It is good to replace the gambling field by trading, because trading is really less risky than gambling, despite that both are risky of course. In the trading world, you can minimize the risks by getting more knowledge about the market, the studying of charts, choosing the most profitable coins to trade and so on. In gambling, you depend only on luck, and you can't reduce the high risk of losing.

In my opinion, the risk in trading is almost equivalent to gambling, because I have seen a lot of traders getting into debt when the investment products they purchased start to plunge hard in its value. So I believe even if the traders are having a strong knowledge on analyzing trading graphs, they are still taking a big risk whenever they put their own money to conduct trades on the trading market.

Trading from my own view is a calculated gambling is all about setting the table right for work and i think for sure Trading without better experience will surely come back to bite you. I think we will all appreciate some few strategy from you buddy

yes gambling is zero or hero , but if our trading is correct we will never come to zero and we will not depend on our luck also our analysis is which gives us confident while in gambling we depend on hopes and luck

That is a typical mistake many people make, start trading without any knowledge of the market. It is very tricky when there is a bullmarket, because than the individual can even think, he / she is doin it right.

yes many people as soon as they put there money the next minute they will be expecting huge profit , people forget that learning is essential to make money 

In my opinion gambling and trading are like sibling i.e even if you know how to trade profitable, study price movement and reading chart luck is still needed to make a successful trade cause the can switch at any moment  and aside that you can make 100% correct analysis. So, gambling and trading are almost the same because they both base on luck

We aim gaining profit with these investment but isn't that easy as the others think about it. 
You've got have luck in gambling but not I'm trading cause personally you'll have to work and analyze the market chart.

Indeed, learning must come first and newbies should not be more greedy earning instantly in this market. Learning the process can help you succeed on your trading journey, gambling might be too risky for a beginners so I don't encourage beginners to go on that level. Start small, trade small, and continue to learn no matter how much you earn everyday.

Easy money will be gone easily too, especially if there is no strong foundation. Most of them failed in the long run, and I hope they learn from that mistake. We should be more cautious when it comes to investing simply because you are putting the money you work for and I assume newbies can't afford to lose that money. Learning is the key to survive in the long run, and this market will not stop from pumping and dumping so we must learn from it.

Gambling and trading, these are the best wait to earn a huge money in cryptocurrency. Gambling requires good luck while trading requires good execution. Gambling is a one time big time money while trading is a percentage of outcome. We can select from both of this but I prefer trading because in trading, we gamble our money based upon our plan.

learning is really needed to be smart, but beginners are usually carried away with emotion, especially if they feel lucky and will always gain more profit, indeed the crypto business is always the main attraction for new actors, because of the many profits without the effort long.

I agree to this. I also prefer trading as you have control on how much you'll lose compared to gambling.

You make a good point concern the problem which most newbies have in terms of not learning the require statistics needed in crypto currency trading but I want to know that the are not the one only who are usually carried away with emotions because there are experience trade which are still impatience.

We should not forget that cryptocurrencies are very volatile that it has a constant up and down trend. If you think you can get rich real quick without even considering the fact that your crypto can fall down hard anytime, then you will just be disappointed.

Exactly, we cannot be earned by trading if we have no knowledge. I have many friends who complaint that they lost too much in trading and the reason which came out of these loses were that they did not pay attention to learning the techniques and tricks of trade.

Gambling on the other hand is easy and you need no skills to get into gambling, but the risk level of losing or winning is even and anything can happen depending upon luck.

New investors entering the market are all products of the FOMO series, they just realized when they got enough failure. To me crypto is a rather risky venture capital channel. But this is not a way to get rich quick. Never forget it if you do not want to pay too much!! Good luck!

It has happen to me in the past. I use to be a sport betting gambler but when I switch to trading I discover that there are many risk involve in trading as well but you can actually minimize your lost compare to betting that you can lose all your money within few minute in a acca. the first thing anyone interested in trading should be consider doing is to learn how to trade. actually this is not as easy as gambling because in gambling you do not actually need to do much reading .

when you have not done gambling and have switched to the world of commerce it is the best choice and it is very wise because you do not do gambling that can make you a loss, while for trade you can still make money safely.

Well, that is one thing a lot of people will always need to realize when it comes to the idea of gambling. Gambling for one thing I am sure of is that there are no way you can gamble at all without at least getting emotional and losing big time in the end. Now, a lot of people approaches trading in this manner which is one of the reasons why they find it very difficult to even know what to do at certain point in time when it comes to making good trades, and they eventually end up flopping pretty badly.

Trading is a whole lot more than just gambling your positions, you need to have a strategy and you need to know how to do things right, which in this case, if you manage to hit the trading platform without a strategy, you will be doomed before you even start.

Actually, most people like this always end up freaking out and bailing out eventually, but the thing here is that they really need to understand that there is absolutely no way they can do well in trading if they manage to keep seeing trading as gambling.

The first level of approach people take into trading will determine if they will be able to do well or not, or if they will be open to learning or not. In some cases, some of them like the OP usually learn from their mistakes, have a come around to learn and then do things better, but in most cases, for most traders who do this, they just get frustrated and bail out pretty fast.

yes gambling is hero or zero , they can lose full capital in gambling and it completely depends upon luck
in trading with correct money management traders can earn money with confident

Unfortunately, for a lot of people that got into trading, they actually took it as gambling, and they thought if they can at least have some pretty good bucks to trade, that is good enough for them, but they fail to realize that there is actually no chance at all to make something good out of trading if you think only your money is what will get you there.

The reason so many people who tend to trade well today, went through the process of learning and practicing over time to get better is because they understood immediately the value of knowledge and know pretty well that without it, there is actually not going to be any chance at all for them in making anything substantial from trading which at the end would just frustrate their efforts.

Trading is not gambling no matter what your outcome is.  The moment you have an head or tail scenario,  that is when you could say you are gambling.  In trading however,  you could prevent a lots of eventualities and practically safe yourself from loss If you are diligent at your trade!

Normally, anyone that gets to see trading as gambling is someone who would in the long run wish they never had such mentality because there is no way they will never get burned. Trading is something that can be quite rewarding if you take your time to get the knowledge you need as well as the experience from practice without having to rush anything. As long as you have the mindset that you want to hurriedly start making huge bucks from trading without any knowledge and strategy, which is where the problem is going to start for you as an individual.

You should already know that gambling clearly has a very high risk than trading and of course by trading you can get profits more easily and certainly when you lose your assets are not immediately lost. trading is the best way and as much as possible you don't enter the gambling world anymore.

Interesting write up. Those who believe in quick money and has run into crypto  without first learning the art of trading will always cry. There is a need for any person to learn a skill which is needed to undergo whatsoever trades they wanted to venture in. You must pay your dues to succeed. That is the simple thruth.

I completely understand , I was very like you , I just wanted to jump in like a baby that just see sea!
I was too excited by cryptocurrency world that I didn't consider its side effects , Then I made a big loss and then decided to read more and trade with more cautious .

I gambling so much in past, but after i found crypto in 2015, now i do much trading and i gamble only some times. For me is more profitable to trade than gamble, i have much bets lost on a single match where known teams has lose the match and the odd for their victory was so low, under 1.5 for most tickets lost.

Play or trade only money that you can afford to lose. DON'T play with your life savings, emergency fund, educational funds for the kids and retirements.

I agree with the learn to earn, it should NOT be the other way around. Invest in learning, attend seminars about trading. Don't worry about the fees in attending those seminar.

Many of us have the same experience as you. Some of us can learn more about trading while some of us are not. Trading is not as easy as buy and sell only. We need to know about the trend, the chart movements, the price to buy and sell, how to pick the right coin, and many others. When we trade, sometimes we can earn much profit on the same day, but in the other time, we need to hold for a while, and like what we experience now, we are waiting for a long time before the price increase. So when you want to make a profit from trading, you need to spend the time to learn because with learning about trading, you have a chance to make more profit.

Absolutely true, newbies tend to invest a lot in trading after hearing some good shills. Later on got loss when the coin got rekt.  Lesson to this is to learn first about the company behind you are investing or else everything you will spend is gambling.

To make our self to be professional trader need times and effort,  we will make it only by diligent to learn about risk management and trading plan.  All trader who always learn from the mistake will have new energy to trade and possible to become expert trader that will reach financial freedom.

Even now still many people participating in gambling even they overcome from the loss. We have to be very careful when dealing with the gambling because most of the people will lose money through gambling and trading is a completely different job where we can make money by predicting and analysis about the coin.

Some people are doing the same thing with the idea in mind that they are trading and not knowing that what they are doing is just gambling. I have done such a thing when I was into forex trading: I would just invest money and be guessing what might be the next turn and kept losing my money. I never knew that you need to make some research and understand everything about trading first before whatever you want to do.

I think gambling with trading is very different. if gambling, of course, will never know when to win. while for trading we can learn and we analyze how the movement so that for people with a lot of experience about trading of course the profit will be more easily obtained every day.

most of the people enter trading with gambling mindset they dont want to learn anything they just want money and they lose money and leave market as gambling only

I believe trading is quite different from gambling  because in trading,you have some certain strategies to follow to make profit even if the market is in bad condition.While in gambling,you may take all the strategies you knew but in the end,you still end up being a loser.Still the end result for gambling is uncertain.

We can make money on both trading and gambling. We can use strategies on both trading and gambling but of course, the strategy that you use in trading and gambling will be different from each other. You can read forecasts from technical analyst, those who reads charts if you want a good advise on which coin to buy, you can look for sports analyst if you want to know which team will more likely to win, however if its a dice game, poker or card game its a different strategy there. If you can do both trading and gambling that would be great since both can generate money but be more on the trading side.

Hard work and time focus are best to earn profits but also patience is most important in trading, in trading not only the capital to make earning need the more more effort before got earn no one can get express to be rich.

the main goal is to get profit, but in the realm of treding we really like being gambled, but this is what actually happens we can make a lot of profit but we can also lose a lot too, so what should the best choice be? the most important thing is not to risk money that is not healthy money, for example the results of loans or the results of selling something that is very valuable to us, we bet using residual money or money that is not basic money.

Not all can be successful  in trading only people with correct mindset and discipline in will be successful , many of them forget discipline and lose there patience when they lose there money and they start gambling   

There's a lot of room to grow in trading, but not in gambling. In trading if you made a mistakes then let it be a lesson for you. And I'm sure that you will learn and not commit the same mistakes again. So whether you have the wrong mindset in the beginning, you can adjust your trading plan and strategies so that you will have a chance to get successful on it. Unlike in gambling wherein there's no chance at all and we haven't heard any successful gambler out there.

Yeah both are very different. so what you should have for profit is also very different. gambling only requires luck while trading requires many things such as knowledge, skills, and so on. when you jump from gambling to trading. then you have to learn a lot of things dude. and certainly more practice and training. because experience is also very much needed

the choice you choose is very good and you should not go into the world of gambling anymore and you better find a job that can be more productive and certainly does not have too high a risk like trading like this, a very relaxed and comfortable job.

Yes, absolutely  gambling you put  your  money  on trading  then  you  only watch  it profit. Be able  to make  profit  in trading aside  from  risk  reward and
 emotional  thing most important    is you have this technical analysis and when you  do trading  it constantly  school you and  it will keep you learning. Trade  only  what you can  afford  to lose.

Well i think that this is the thing you cannot deny. Also having knowledge about what is needed to make good decisions is more than good and yes it is a good strategy to invest in education and learn than to loose in trading in future. This is the reasons those who invest after learning make money and other benefits that are normally not available for those who invest before learning. This is a step from the gambling to the era of rationality.

so you have chosen the right way to get out of the gambling world so you can trade and return to the right path so you should only be able to trade cryptocurrency and not return to gambling.

Sometimes you don’t really have to pay money for everything. There are things that are worth giving your money to learn, especially when they are not going to be helpful or maybe they are something that is all over the web and you can easily get them for free without having to pay a dime. So it’s best to learn the ones you can get for free, then if need be for advancement, then you can decide to go further in studying.

This means that your enter to the world of cryptocurrency from gambling would have been quite interesting and this is a benefit of the gambling that it let you earn provided you have the skills to make things happen regardless of the market situation.

Now when you have the money, invest wise and make sure you do not look back for life and market seldom gives second chance to those who are irresponsible towards the business.

money can be made in both gambling and trading but in gambling money can be made until luck is there but in trading money can be made forever its all about discipline and how we manage our trades , almost 60% of people do gambling in markets  ;D

I agree with you fully because the fact is that the most valuable thing there is knowledge of the area and market...but many of us desire fast and easy profits...

If the only goal is to make money, in my opinion they have some things in common. When you are putting money in both you have to take the risk. I am aware that there are different things, but in crypto your investment may also turn to zero at a time.

No matter how we desire it, somethings aren't meant to be the way we wanted it. We need to follow rules and steps to earn, and in gambling and trading even they seem to be fast we need to risk higher amount to succeed

maybe there are some people who are successful because of gambling and of course they can make gambling as a source of income or they can be said to be very addicted to gambling, but compared to trade, of course trade is far better than gambling, because in trading Technical analysis is obviously very necessary always monitor market price movements so that if we experience mistakes can be a lesson for the future so that we do not always feel the loss in trading.

Yes as you mentioned 60% or more  they come to market for gambling only they want quick and easy profit which may work for couple of days but eventually they will fail and losing there money

But a good trader first educates himself 1st and enter into trading and he will constantly improve his downs and make profits

gambling can be done everywhere , earning serious money not in trading but everywhere needs discipline and patience if we want to earn money we should do in right way or else we lose thats all , gambling profits are not for long luck runs-out then we lose what we have also   

Most of the time,mistakes is the best teacher so meaning theres nothing wrong to try investing even if you don't really know whats the thing.the important is never give large amount in capitalizing so when you lose atleast smaller only.and when time comes that you are ready to enter atleast you can put your 100% in that area to profit

I have been spent time in trading but i have never came for gambling so i have no idea that how gambling is meaningful to me and may be in future i have to start gambling then it is also a good way to make money and we can participate in the crypto community and if we have time we can use it for earning people earn a very good amount from this gambling and then they trade what they have earned in the previous gambling.

I understand people that gamble, but I will never follow their example. It is too risky. You can lose absolutely everything in less than 20 minutes. Trading is a very good job, and one of the best occupations.

Trading is not that simple, yes you need to work hard, watch the market with deep analysis then then start trading on live account with a small amount, I think emotions can only be checked on a live account, other to this you should have a concrete plan and money management for trading, even if your analysis is good and plan and money management is poor, you may not succeed in trading, trading is a gentleman game which needs to be done like a gentleman.

in trading there is less risk and we can have good rewards
but In gambling huge risk and huge profits

trading without learning things that affect the market cannot be considered gambling, this is experienced by almost all traders at first. But indeed the impact will be very large when the market is in extreme conditions. I also experienced this before, but from there my logic continued to grow and become more complex, so I realized that price fundamentals are the result of a summary of various factors that occur in the market.

yes if you don't have any basis whatsoever you're just gambling and also without risk management. Also if you're only speculating in the hopes that a certain project will rise in value by knowing that it had in the past that's also seem like gambling. Though it's better than the former.

If you really think that trading is the same as gambling, then you clearly do not understand how the market and financial markets works, that is the sad truth.

Maybe you need to pay for some guides and tutorials about how to get introduced in here.

It is not the same, obviously.

pay for tutorials ? theres no need to waste cash just to learn trading because nowadays it is already possible to learn online using free methods that we can get for several websites .

though you are right , trading isnt the same as gambling because there is a lot of factors to considered in trading while gambling is pretty random  . the provability of winning in trading is also much higher because it isnt only about luck that matters , skills and knowledge is also considered to increase your chances of winning .

But isn’t the gambling that let you earn big better than trading that make you loose? One thing that is good about Gambling is that it is something that depends on your skills and knowledge about probability.

If you are good enough to play the way that maximizes your probability, it is better to keep on playing. Trading coins that when the market is in good situation is profitable no doubt but when the market is not in good vibes, your abilities are hindered to cash out profit.

but in crypto in volatility and manipulation is too much if we dont trade with proper discipline and patience we will lose lot of money   

Trading will only become gambling once you start trading without proper knowledge on it so you just end up guessing the result.But once you have developed your own skills in trading,gaining profits is what will mostly happen in the end.So trading is clearly not the same with gambling as long as you know what you're doing.

Gambling is really very addictive and the chances of losing is much greater than winning. Online gambling games are moat likely loaded on the side of losing on the part of the gamblers. Whatever strategy you've done in gambling, you'll might still ended up losing. Now, trading is a different field though it might result the same as in gambling. Strategy is a must in trading. Don't ever invest bigtime if you're knowledge are insufficient. Cryptocurrency trading is much more difficult due the fact that it is unpredictable and very volatile.

Many of us started trading crypto currencies with their purchase. And we got experience from practice. Of course, gradually, we studied the necessary information and gained knowledge.
To current newcomers would like to recommend doing things a little differently. Now there is a lot of information on different internet resources, which will help in a relatively short time to understand many important aspects about trading on the crypto market. And only after studying the necessary information you need to start buying crypto currencies.
But I don't agree with the statement that it is impossible to make a profit during training. This is possible. If a person carefully studies the necessary information, then he will make a profit when learning. Of course situations are different. There are situations when even experienced traders suffer losses.

In every activity there are exceptions, trading and gambling made many people broke, but many people made money and they are still making money. Newcomers needs to understand one thing, bankroll management is essential in trading, gambling and for every other aspect of life, it's simple to understand that more careful you are with your money, more chances you have to be successful in what ever you doing. People who come here prepared are the ones who make money even when they are practicing trading for the first time, unprepared people will mostly lose money and only with luck they will have some profit from time to time.

Basically it is. In the world of crypto trading, it is very difficult for a beginner to get real profit. My experience, as well as the experience of several of my friends, shows that even being a novice in the crypto market it is possible to make a profit. In my opinion, the mood of a person plays a crucial role. Those who came to the crypto currency in order to get rich quickly, while not doing anything, are doomed to failure. Those who don't make enough effort to become a professional will also lose.
My goal was to become a professional. I didn't want to get everything now, I slowly and confidently went to my goal: to understand how this market works, how to earn money on it and how not to become an average participant of crowd. As a result, I started  to make a small permanent profit. Later I continued to improve my skills.
I hope my experience will help someone to take control of their emotions, learn to think soberly and set the right goals for themselves.

We all learn from our mistakes. It's never too late to learn. Trading cryptocurrency on the bear market is always a big risk, even if you know a lot about trading.

In my own view, trading is some sort of a gambling because you are in for the profit and you might lose or win at times just like in gambling. In trading, it is you who control on what coins to buy while in some gambling like sports you money is dependent on how the team is doing. If they lose, you lose also.

Our initial goal was to trade to get as much profit as possible with small capital, even in the trade of crypto currencies things like this were very suitable, but we became aware of how crypto trading was very much like gambling, so we only lived as perpetrators of currency trading, as long as it makes us profitable, so our position is that a trader is not a gambler.

most of the traders start with gambling only even i did the same with experience  and losses only we can learn in this trading world

Just like gambling, at a certain point, trading can have the same characteristics. A very striking difference is, on trading we can wait longer to get results that are in accordance with our wishes, of course with all the risks that exist. Whereas in gambling, when the results are out, our betting will automatically end. We can continue with the next bets. I mean, in trading it is up to us when to end our trading session. Our actions are not necessarily determined by events.

Well all of what you said was all true, it is actually most often happened for the novice like you here who always wanted to earn quickly in the market without giving effort to learn first before proceeding at once in trading market. In short, they want to reap immediately without doing sowing which is not possible and we all knew that.

There have lot of difference between trading and gambling. I will say that gambling is more risky than trading. If you are going to start trading then you should learn about it properly. Cause enough knowledge you can't get success in trading.

Fist things first. You have to get familiar with matter before you decide to invest, otherwise it is almost certain way to doom. It`s how it works in all fields, not just in crypto market trade. Theoretical and practical knowledge need to go together in order to gain required skills. Without that it really is gambling.
Even the most experienced and educated traders can not be always sure that have made good investment. Unpredictable things could happen, that are out of our control no matter what analyzes we relies on, it became wrong investment and loss of funds is inevitable.
The worst thin is to lose hard earned money, it hurts the most. People should be very careful with managing it.

Most newbies make mistake, as they enter the market they want to earn profits at the beginning which is not possible. Most of the time, they ended up losing all their money. So, if they concentrate on learning about trading then it would be profitable for them in future.

Trading differs a lot from gambling. Even the best casino players and those, who bet online understand that very often a blind risk can make them losers or winners. Traders use their knowledge and skills mostly.

If you are a gambler you can always compare trading to gambling in some aspect. What do they have is common is the chance to win or lose. While in gambling the result is instant while in trading the result takes time and that is the difference of the two. In terms of skill, it depends of the person doing the trading and gambling. You must be good if you engage to both gambling or trading.

In my sense Trading is same like sports betting , where you have option to change the bet and even book profit for small profit before game results. But in casino, dice, gambling you dont have option to change your bet and book in between profit.

nice analysis .  i agree that both trading and sports betting are the same because both have identical features but when it comes to risk   , all gambling games are the same on trading or investing in cryptos because they are all unpredictable .

In my case , i also change my journey because before im also addicted to online gambling but not anymore until i realize that i only looose more than i won .  that forced me to switch on crypto trading but i also switch to investing ever since that the crypto market is not in a good condition  .

In addition; can't hodl or cut loss. Although the way of working and the level of risk trading is almost equivalent to gambling, but both of them still have differences. Even so, but for some reason, most ordinary people always consider trading to be gambling, even though it's clearly very different.

Gambling and trading don't have pretty much difference. They're both risky. Gambling is a game for entertainment and trading is a job. They're just different depends on how or why you do it for. But for me, there's no difference at all. But trading can give you passive income than gambling. That's if you know how to do it. Many traders can still find trading profitable even the market don't behave like it was before when the people are on FOMO.

I agree with you and I must say that is my biggest mistake when start trading 2 years a go. Not good experience but it will give you big picture about market and how it works. The second learning I get from my mistakes is trust with others people that I don't know. Always trust your skill and never do the same mistakes.

i have a time like you. but now i think this market give me a lot of experince

yes, some people think like that. sometimes, we cannot see the difference between gambling and trading depending on luck. well, but the difference from trading and gambling is the information in it. besides, trading also has a small risk, and all controls are controlled by us, different from gambling.

really learn a lot before joining crypto because crypto can make you lose when playing gambling. Psychology is also important for not panicking easily because it's bad

Yes.Once you get into trading,make sure that you are knowledgeable already about how the market moves so you won't see yourself losing in the end.Atleast you have some experiences before entering into the real field of trading.Because in trading,you cannot always expect gaining profits just like gambling.But more likely it's still better to engage in trading because you still have more chances of winning rather than losing.

Indeed. Trading is much complex than gambling. I tried gambling many times and it is easier than trading, you just sit and play have luck and go see result if you win or lose there is risk but unlike trading most of the time you need to think and analyze your every move to prevent losing on the market and much more have different strategies than gambling.

Gambling is like trading, both risky and the only way to win is to strategize and learn the game. No other way, no shortcut...or you will just lose.

placing crypto in exchange is a big mistake because hackers can enter their servers at any time and take our money, immediately move it to a personal wallet to make it safer. always for your investment into a number of portfolios to minimize losses when prices go down or because of other factors and this is important to learn to be more able to provide profits

with experience and learning we can earn both in trading and gambling if we dont do it correctly than both can cause us loss

Well losing money is always part of the process for trading whether it's crypto or stocks. You can be an efficient trader unless yoy go through all that. And trading is always closely similar to gsmbling for beginners until you gain enough experience and knowledge.

Profits doesn’t come when you haven’t taken your time to learn the business and understand everything about how it works and how to do it. A lot of people does the same thing, and when they lose their money in the trade, they quickly conclude the exchange was scam, they will never believe that they lost their money because they didn’t take their time to learn the trade, and that’s foolishness.

you can get money from this journey bro ;D

Not really all of us knows that at the start. I once made mistakes the same as that, and I lost a lot of money. This time around I’ve gotten better, but I’m not seeing the kind of opportunities I had then and it’s getting bad for me. When I look back at the mistakes I made I just regret not knowing the things I know now. But any way, I will work hard to get better.

And lose it as well. Although gambling and trading differ a lot, they have got something in common. Both activities need the skills and experience of a person. The newbie can catch a lucky chance but it happens so rarely!

One thing only that is common is they both have the risk, high risk actually.
Gambling should not be something that we focus as there is no way that we will improve in the long run, what will happen is it will only make us loss more money. So how about trading? Trading is good, because if you focus and improve your strategy, your chance of making money will increase.

but more to the difference, gambling in my opinion if winning will be happy if losing will be difficult and make people addicted, if the trade is better because of the loss or not we determine how we do it.

I don't think experience can provide greater possibility of profits in gambling? gambling is not a method of earning income dude.
so it's not right if you combine gambling and trade to your income, use gambling just to have fun in your free time dude, its better..

It's better to gain small but sure profits than to gain huge profits and lose it at once. Continue to learn more about trading, your experiences makes you a great trader. Consider trading also as a gambling because you are risking your money here, it's just that you are so agressive and impulsive before. Now that you've learnt your lesson, you are more careful on your trading.

sure it is . if you are an experience gambler you can  also increase your chances of winning because you already know how the game works  . you can apply your method and strategy not unlike to a noob gambler that he dont know how to operate the game properly  .he can get alot of losses with that  .  though your right , we should not treat gambling as a source of income because it is verry risky  . we must only treat it as a form of entertainment to enjoy and past the time  .

We have different kinds of method in earning in cryptocurrency. One is the most frequent and most known way, trading. The second way is gambling. Others are faucets and many more. There are a lot of ways. But it's really up to you what method you really wanted to pursue.

If you are a gambler and you are shifting to trading, then you first must know that both are totally different. In trading, you need to have sufficient knowledge before you can actually get profits from trade. If you do trading blindly, then it will be just like gambling where you have no idea whether your trade can be successful or not.

not exactly, you can make profits even without sufficient knowledge. and what is this 'sufficient knowledge' here?

I think for if you use the gambling method it will only make you lose and the worse you will get money that is not good or hot money, you better work to be able to get capital for trading.

It is truth that many of us don't learn before investing into trading and most investors do that because sometimes how the hear how profitable trading is.  But for you to remain successful you must become a skillful traders and invest money you can be able to loss.

There is a lot of people who came from the gambling or they are player and they are now trader . They have advatanges and disadvatanges of being a trader and player. In gambling you can make more money in short period of time but you lose more money too. In trading you can earn money but it's takes few days, weeks or months depends on the coin when it increase but in gamblinh you can eaen more in just few hours only.

You had made the right decision in diverting from gambling to trading having mustered the courage to learn all the rudiments in trading in the long run you will surely gain more experiences however that will not stop you from incurring some losses which is normal as a trader and as you rightly said Money management is one of the key components toward a successful trading among others, gambling is quick risky and a 50:50 chance and there is even the possibility of losing your total investment in gambling in the of martingale strategy.

I think everything is about hard work mate you really just need to put in the effort day in day out non stop at all and once you are use to it it becomes your second nature you cant do without simple Goodluck with your trading

These are the major things they need to establish before investing in anything, by listening to others they will start investing in something which they don't know exactly how the price will increase in the crypto. That's why it is always good to read and study before investing because without basics it is not a good idea by investing blindly into any coin. In the beginning, after losing it is not a good idea to judge the exchange and coin.

Learning while doing it is is the best kind of learning method,it might cause you some money to be loss at intial stage but it let you to know about the real situation of doing trades so you will get familiar and start making money in real soon.

one of the greatest ways of learning is to practice and practice what you learnt. ot be perfect, you need to practice more and please always practice with demo account. most trading platforms have demo accounts where you can practice what you learnt from there, you can perfect your trading. also you learn everyday not just one day. learning is continuous.

Same here but the only difference in our journey is I started to try it only with small amount,
I never put a huge amount in anything unless I am sure of my skill and I know the basics.

We know all that trading is difficult from the very start whether you are beginner and first time for the trading industry. You also need to be study and find different technique to become a successful trader and investor in the future. Sometimes you can manage your time and need an extra effort to become a successful trader. Loosing of profit is one of the challenges to every trader on how to become successful because if you cannot face those challenges then it will become hard to you to achieve your goals. Learning is the most important key. I hope it helps.

Learning the basics of crypto trading won't much longer because it is very simple we need to know how to make profits and need to know which exchange we need to select.Start doing trading with bitcoin and other popular crypto currencies initially,don't look for huge profits then you can become pro once you know how the market is reacting.

to lose a lot of money the first time you enter a trade is not because everyone has their own strategies so they can take into account the steps that will be used

I only did trading but as for others who've changed their ways from gambling to trading I think the difference won't be that much of a deal but the duration of your money differs from each style. I mean if  you trade you are also gambling your money but with a longer duration not like gambling you could lose it in one fell swoop.

Mistakes is the learning steps that will really help you out on your trading journey.Gambling cant really be compared to trading when it comes for long term yet we know trading can really able
to sustain for a certain investor if you do know on what you are doing and in fact it can really be learned unlike on gambling which most likely dependent on luck alone.

Yeah, But there is a big challenge in trading and we can play it well, and of big chances to grow our investment even though we don't have luck.
The good thing in trading is that, we are the one who give its direction and making us to manage them. The future of our trades is in our hands, if we don't do anything then possibly we don't go anywhere.

When we are a long term traders then it is okay to do it as gambling because not any one can predict what will happen to the prices long run so all of them were believing their luck while investing in long term.But the people who are day trading have to learn about using the trading tools to make it more perfect.

Atleast you learned ,but just in a hard way. Why did you gamble on money on trading if you dont know any backrounds on what you are doing? Im sure before you start, you can search on everything on the net. Even tips and starters. Just continue what youre doing now.

Yes , you are absolutely right. People don't understand this matter they never try to learn first and they always earn first and lost everything.I always suggest my younger who want to earn money from crypto that first tries to read every post or thread carefully and if you know this answer try to give. But first try to learn and follow crypto news and you can join also demo trading.

I think that when learning to get real income is almost impossible. There is not enough experience for this, although as they say, newcomers are always lucky.

the first and foremost problem for anyone who entered into this field was we will make a huge money very easily without any work but it not happened for lots of people that's why they are entered into gambling and make investment if it will not also work for them then only that trading will helps I think trading is more than anything it will helpful for lots of people to live better life for getting frequent income.

None of us know what the end would be like. But, most of us think that it will not end like this. Therefore, if this is a commercial asset, there will be an increase as well as a decrease. It is possible to mislead you in the short term if it is not known when this long term will end and it will start.

Everyone's were looking for the right place for us and we find out that trading is more profitable than of gambling in which is preferable for us. But we won't think that easy also cause everything will be needing our efforts and simply work on it to succeed of what we aim for.
We know that gambling aren't a perfect place for individuals who look over making money and so taking advance into trading will be the best choice.

It's our appreciation towards crypto, it may now valuable asset where people look into this.  Long term holding won't be just to effective in low volume coins cause as many says that we don't know the markets trend in the  future. I also preferred to be in short term holding cause I usually play my coins into like trading and gambling.
It could be better to take advantage of its market volatility as price fluctuations will give as a way to make gains.

The fact that you transfer into trading, it means gambling is not profitable for you.
IMO, trading in general is more profitable than gambling since trading is a game where traders are playing with each other, and no house edge involve.
Trading can be a serious job but gambling cannot be because most of us will just fail, it's just good for entertainment but not for a source of income.

Which is the common mistake, assuming much and not realizing that there's no such things when you are in this field, knowing the principle and be
optimistic will help you to make things favors you, taking long term journey and hope for luck comes up and bring something huge to your investment,
same a like with gambling try and take the risk waiting for luck to back you up.

Trading really allows you to make good money, but you need to distribute your capital very competently, otherwise you will have to wait for a long time to return to the entry point

And same thing you can apply on gambling, don`t you think? In the end you can make good money with trading and gambling, but you can lose a lot of money. Why gambling and trading are so similar, both have risks, both can make you money, or take money from you. Both can bring fast profit, or long term, depends on how you do it. Trading have something that gambling doesn`t, more transparency, you invest in technology and trade with technology that can cost a lot more tomorrow, in gambling you have numbers and that`s it, you know right away did you win or lost, you don`t need to wait anything.
This journey is nice, gambling is something almost everyone knows about, but trading is something that we learn about now, it`s new for most of us.

Both of it maybe need to do,  ;D no i mean if someone look for adrenaline challenge, gambling can be alternative. But in case that man already have money that they prepare for gambling and not catch profit from  it.

In any case, trading is much better than gambling. K I think that, with the experience gained, even the income from daily trading will be much higher and better than the games of the Point. Besides, I have a bitter experience in gambling, which I generally bypass today.

Trading is more difficult than Gambling .so once a person get out from gambling he could be very difficult to get into the training field because they work pressure is very low and comes to gambling but in trading it will be more higher than anything.

There is nothing as work pressure with trading, it is all about observation of the market and price prediction. When the market moves same as the prediction, it gets good earning. With gambling we predict the results prior and select the odds accordingly. Here strategies and luck plays a big role. In this way I feel both are almost same in difficulty level and upto the users thought.

Exactly and that's what i advice the new traders. When i started trading, i started with $100. Learnt how it works. Lost few dollars and again started with best coins and started earning little profits. Then i went with more investment. I stuck with few best coins and I do day trading and yes i do research if i go with a new coin to invest.

Money management in trading is very very important and one should really focus on this skill before putting in big money. Yes, normally people invest away little money first to develop some skills and later on increase the amount of the money in the investment is increased.

Right now, the market has a big gap for little money investment and this is the best time to do again the same thing but in big amount.

This is a very different understanding where gambling is only based on instinct or fate, while trading is something that can be predicted using clear indicators.
Of course to be able to determine the price indicator will go down or rise based on experience and sufficient knowledge. Without it, it is clear that trade is speculative.

Exactly. Trading is still gambling, you are risking your money in trading, but for me, trading is much safer than gambling because you can apply risk management in trading, and you can consider fundamental analysis and technical analysis in trading, while in gambling, pure luck for me, in some gambling  game.

It's really important important to experiment in trading before you take it seriously. Maybe your gambling habit OP is what made you easily trade all your hard earned money then losing it all in the process. I started trading small and I did make a lot of gain but because it was easy when it was the best bull run ever and today is very hard so think again newbies if you want to venture trading.

It's more difficult but the chance of being profitable is high compared to gambling.
In trading you can be consistent but in gambling it's hard as most games a gamblers would play is just purely based on luck.
Trading is never easy but we have seen a lot of successful traders here who have already change their lives for the better, so pick what you want for your life.

Chance of profiting is high, and I don't think it to be more difficult. From my understanding one who has got the dedicated mind to analyze the market as well have a close observation will easily make a big earning out of trading. Gambling and trading is almost same, in both the cases we risk to earn big. With gambling at times we cannot minimize loss, while with trading we've got that access through holding long until some bull market trend begins.

Traders are also gamblers so you did not get out of the hell where you have been before. Players are just kinda different and even worst. Add the trading problem with the problem, so much pain in the ass when your transactions keep hanging and you wait for couple of hours to get it through. In short your journey never ended, it was just continued from a different kind of view.

Not really, because when you are in gambling, and you get lost in many times, you will face the hard situations which makes you confuse about to continue or leave the games. You will feel that it's hard to make a decision and I guess that you will still play for the next round. I think between trading and gambling, and we still need to control ourselves so we can handle every bad situation that we might face and we can make a decision without any hard feeling.

Journey from gambling to trading should be good. From gambling anyone can get wealthy too fast than trading and on the same time loss can happen more faster than trading.

What's happening with MPCX's IEO? 3 different crowd sales concurrently? (OOOBTC, MPCX's site, ProBit)

Yes. Investment field is not a normal field. Everyday you will have to face thousands of people to win and win money on your pocket.
That competition requires you to have trading experience, financial knowledge, and countless good qualities. If you are lacking, you will definitely suffer many failures.

But trading is able to give you much more money than gambling. Playing against the casino numbers will always be on your side. The crypto market is the same casino, in some degree, but knowing the rules you can earn.

that's what he's saying above  . did you miss look it ?

huh ? are you talking about gambling ?  in gambling there is no one on your side because the chance of winning on gambling is only small , i would say 49 over 51 .

this true because cryptos are also unpredictable like a casino . knowing the rules is a must but it does not guarantee you a secure win  .

Your trip maybe very interesting, right now you can only get rid of gambling and move on to trade because now trading is more profitable and you have to master the science of trading to return your assets after losing gambling.

This happened to most of us especially as newbies. Learning cryptocurrency trading is very important for becoming a successful trader... Many of us ignored this important part as newbies and paid the price.
Good to know trading is working out for you now.

 I didn't know how to trade either. Thought that enough simply buy to coins and she then will help you earn big money. But I was very wrong. To invest in a coin, you need to analyze and choose the best time to buy.

Sometimes we can get stuck in trading if the coins move down below our buying price but it is still better than gambling where if we lose a game, all the money wagered is lost and there is no chance of recovery. A recovery in gambling can only be done if we put new money in gambling and that too is a risky thing to do.

The people who are converting their business into different journey then there will be some decision will be made by him for his future that's why he will convert into trading from the gambling field writing most of the people don't want to make this decision in very easier situation

They realize that gambling is not profitable so they'll choose to convert everything to trading.
Well, that's not my case, I am not profitable on both yet, but I will never have funds that will only be dedicated for one, I mean I can gamble and trade at the same time so I can enjoy both.

Making money in trading is hard, but gambling to make money is harder, I would not do that.
Gambling for fun, trading for serious business, that's how I do it.

Cryto Trading is also a gambling as we all knows that this investment is very risky due to the market price is really unpredictable but it is better to gamble in trading as i did not heard anyone that become rich because of pure gambling but i knew lot of people that become rich in trading in which learning and patience are the keys.

I agree with the author. If you do not know the basics of trading, then cryptocurrencies are for you as a casino. You can only guess. You will lose all your money if you hope for good luck

It is a very good option for the people should migrate towards trading because gambling seems to be interesting but in most cases, it is impossible to make money but through trading, there are chances to make money through trading. With patience, there is a huge chance to make a decent profit when the market is moving in a positive direction.

gambling relies on luck, and luck will not come at any time. therefore for the gambling, of course in the end it will lose. but with trading, we will learn to manage capital, analysis, psychology, etc., so as to provide the possibility to survive in the market

It's okay if we want to learn to trade, but with the conditions to know the risks and to minimize the risk we must remain cautious. Many ask traders experts. And for beginners it's better to just use small capital.

True, it takes time for traders to be better. There are many things that must be mastered to become a good trader. In addition to the ability to analyze market movements, we must have risk management, money management, psychological management and so on which of course requires time to master it. At the beginning, I do trading but only relied on luck. But as time goes by, things have gradually changed although it's still far from the word of "pro".

This is in fact a journey to profits to be honest. Gambling is very uncertain and in my opinion gambling in both bear and bull market is uncertain and the chances for you to make money is very low. If you win, you are lucky however on the other hand, if you are able to trade your coins, you could make some good money in trading when the market is bullish like the current.

Anything done without recourse to studying and research is gambling. You're not sure of the outcome even in the future at condition. However trading looks better as you research in a good coin with a product and take a buy order and wait for it to increase in price and sell. Then rinse and repeat. The uncertainty surrounding gambling is unprecedented and unpredictable

if you are a gambler that means you didn't need any experience and also you did not need to make any research also you should have no analysis skill. But when you are a trader you must have skill and experience and good analysis skill both on technical analysis and fundamental analysis.

I'm sure that many people have experienced the same thing and it includes me as well, and it's funny to say that I also started trading without having any knowledge on how to deal with it, no indicators, no ideas about analyzing the price action and made an entry not knowing that the certain coin i bought was already at its peak. Lol. Sometimes you really need to make a big mistake before being able to learn from it and realize that trading is not actually a place for easy money. I am not saying that everyone should make a mistake as well. Stories like this should be taken as lessons.

Who said that gamblers do not need research and the knowledge about the area they gamble in? I do not agree. Gambling needs as much research as you need in trading. One you are experienced in trading, you do not bother a lot about the research stuff. Same goes for gambling as well. However if you are gambling at some new kind of game, you have to know what you are up to.

I think that gambling users of cryptocurrency very productively combines trade and online games.  In any case, it seems to me that personal excitement, and not something else, makes me do this.

   People take gambling and trading too seriously, when it`s too seriously people often get burnt. I`m crypto-enthusiastic, gambling and trading with
crypto-currencies is just a hobby for me, I don`t take it too seriously and chances for me to get burnt are very low. Avoiding financial catastrophe
is needed in gambling and trading, you can`t have a journey if you lose money all the time.
   
   

But those researches in gambling and trading are completely different. I gambling, you only need to learn how the game works if you have never played it before while in trading researches and analysis are needed all the time whenever we want to do trade. Trading is more complicated than gambling, that's why it can be learned in short period of time unlike gambling where we can learn it in a matter of minutes only.
 

One way or another, not only gambling players, but also traders, may have an addiction.  This is already proven by science.  What aspects of human activity affect this is a completely different question. But really, a gamble is almost like trading, especially if at least once someone has received good results, he will look for an opportunity to repeat this result again.

Yeah your right.dont be in a hurry to think that you can earn fast and quickly just because you think trading is can get easy money.ofcourse for me much better if give patients first while learning trading.learn first how does the crypto run.we know we need to trade a small value of ceypto that possible to increase as time goes by.well needs time and effort from this need to monitor always in able you to get profit from trading.yes trading some kind of gambling because if you never monitor crypto into trading you can suddenly lose by trading.so right need to learn first before into trading

receiving their first profits in gambling will make them addicted and prefer to repeat it again.but there is no guarantee they will earn the same condition.gambling will not make us surive at all.most of them was be poor man when they lost their money in table.

In the beginning, every gambler will make money and this makes them addictive to gambling and started losing their money, most of the gambling websites will attract the investors by giving some wins in the beginning, but after they are addictive it is impossible to control their emotions towards gambling.

Gold lines after a experience. I agree I would add one more thing recheck on what we understood after learning is right or wrong is also important.

In some situations, gambling and trading on the cryptocurrency market are often compared, but still the differences are quite large.  The fact that gambling addicted to quite a lot of people and have some experience in this field of entertainment.  Therefore, we can assume that with the help of gambling you can earn a certain initial capital, with the help of which you can safely enter the cryptocurrency market and learn the basics of trading.  If a person is azarkin, then he will definitely like the Bullying, especially if he gets a good profit.

Yeah you are right when you are gambling you are not sure about the profit but you will continue trading this is much different than trading as in trading you can gain profit with the help of your skills and your knowledge so I must say those who have been using gambling and now they are trading will like trading more than gambling but both are profitable.

Both has risk but trading is way better though they have similarities. If you invest your money then you already gamble because you have no assurance for the outcome of your investment.

However if you have knowledge in what you're doing then chances of gaining profit is high. Experience in trading is important because thats how you will learn different strategies that you can apply the next time you trade.

If you're gambling them you're a risk taker and same with trading if you invest to project which you don't evem know what the future may bring, you're brave enough to invest. Even gambling didn't actually have nice image to other people, but when trading also went bad same feedback heard and still frustrations comes.

Yeah tha is correct mate trade is a gambling specially if the people without knowledge and skills for this kind of investment they gamble their money, because we should knows all investment specially trading is have high risk if laxk of knowledge and skills, so better to learnt well before investing.

Trading can be your main source of income as well, that's possible if you are good in this kind of game.
If you consider this a game, consider this a high risk game like gamble where you need a capital or bankroll to start your journey.

Any work can be an addiction: workaholics know about it well. However, it is better to be addicted to something that really brings benefits and profits ( I mean trading). This is the best one of all possible useful addictions.

in some situation only everyone's decision and interest was changed I think OK it is a common thing that how everyone wants to leave their life if they are getting the profit in gambling then going on that will not be a problem but if someone think gambling is not better than trading then it is also their opinion.

The OP is from October.
But he has really set an example for every who were showing carelessness regarding to their own money.
When you trade,  it doesn't mean,  you will everytime make profit.
If you somehow don't concentrate and make the wrong choice while buying a coin,  then you gonna surely make a loss.
So always be careful and don't make any huge losses like the OP.
Good luck everyone.

There has to be a step-by-step development process. One cannot possibly earn immediately without going through the necessary stages. First, one has to learn. This is the study, research, and understanding phase. And then you will proceed to the trial or demo phase. One can now try to trade, make buy orders, make stop loss, etc. This is necessary to get the hang of actual trading. From here, one can progress gradually into actual trading. 

Good, one who aims to really succeed needs to study those principles and check it out if they can continue proceeding if emotions will not allow them to lose more money and if in an actual trading process they can make a good calls and not to let emotions to be followed during the trade.

You can have a sweet journey if you will do the research and the practice well, never to dwell when you are not ready yet.

Well, that actually most of the newbies did here mate, they don't know how to listened about the reminders of the old members here in the forum, then because of their stubbornness they always loss their coins in the end. But good to hear that you learned from your mistakes and
I admired you on that decision you've made now, so keep up the good work. 

Apparently, most people learns their lesson by experiencing huge mistakes and failures. I think that is the best teacher for me because when you got burnt, you will personally hate that feeling again so next time that you feel greed, you will resent it because it is a signal that you are losing control thus suggesting your brain to sell the profits you got before it is too late.

Mistakes will surely make us learn many new things about the experience we face, yes, mistakes will surely help to retrieve those mistakes.
In this way, we will easily control our emotions by not repeating the same mistake every time, so we should think positive even though we lose because on one fine day the door might be open for us.

I agree more if it is called speculation because it is not gambling, the rise and fall of crypto prices can be analyzed by observing internal and external factors. While gambling is just a guess.
So, crypto trading is the same as stock trading, only the format is different because it is done digitally, while the traded shares are goods and there are dividends given at the end of the year if the company listed on the exchange gets a profit.

Successful trading is not the merit of luck. Successful trading is the result of learning, skills and self-development. The one who in the trade relies on luck, he has already lost.
Therefore, never be lazy, learn, practice and self-develop, this is your contribution to your future.

If we think that gambling is the right place for us, then better to stay in here especially when we are seeking into another source of income. Well, trying in trading is good in order try ourself from it and to know if gambling will work as well.  
And to know that gambling is different from trading, then have to say that you need to play at your risk in switching from gambling into trading.

You will notice that trading is not the only platform we can use to earn money in this industry. And one of the best thing to do to gain money is through gambling. However, in real gambling scenario, we never win because if we gamble daily, we have already losses. So, therefore I prefer also to be a trader than to be a gambler.

I can relate with what the op is talking about, trading is purely different from gambling in my own case, one must have studied the chart carefully and ensure that all parameters are right before buying in, a gambler makes irrational choices and most times are based on sentiments and emotions. As a trader, I have to plan my entry and target a safe exit, know when to call it quit and when to take the profit if the market is in your favor, gamblers don't consider all these

You can talk a lot about what the difference or similarity between gambling and trading, but somehow only a certain excitement among users unites them.  Anyone who knows the game of chance and trade firsthand, he will understand that they can not be compared, and the more so to combine.  If someone played a game of chance, it does not mean that he can become a successful trader if he does not have certain knowledge and experience.

Need knowledge and experience long enough to evaluate different investments and gambling. If you have good knowledge and are deep enough, gambling is also an investment but if you do not have knowledge, investment is no different from gambling. So prepare yourself well before deciding to invest in any problem.

I agree....


It's important but not really what is needed in order to win, when we are gambling, we are not just satisfied with one win, as much as possible, we want to win most of the time and that is very if we are just a gambler which relies solely on luck.

We all have a lot of story to tell about not learning what cryptocurrency trading entails before diving into it but the act of struggle and hard work is not what need in crypto to be a profitable trader because knowledge and timing are what determines the outcome of a trader.
@Noah14, if you enter the market during bullish trend you wont be aware of the risk in crypto trading.

In general, investment and gambling are indeed two very different things.
but if I talk about investing in crypto I think besides requiring knowledge, and experience also still requires luck.

In addition to that most newbies are stubborn and greedy, they always wanted to earn fast here. They thought there is shortcut for them to earn huge here but its not of course, we all knows that. For us to earn big here into crypto trading we really need to work for it.

We all know what progress has been made in cryptocurrency users during the 2016-2017 year.  Not only investors and traders earned good returns, but even Bounty Hunters became richer.  It is this information that does not give rest even to the current beginners, who are still trying to get an opportunity to earn big money, but the situation has changed significantly and the opportunities have decreased.

I've played both, gambling and trading, in my opinion the best is only HODL,
trading and gambling requires good management, a lot of experience and good knowledge, because if one of the three doesn't exist then our emotions will be disturbed, such as easily anxious and others.

Well, it sounds different. Gambling may not be far from trading but of course, gambling needs luck in order to have some buck unlikely it happens into trading which it needs more on strategies. If we want to be more profitable, then leaving gambling into trading is the best steps we have taken.
Ain't no problem if we don't have knowledge in trading cause we can learn it at any time.

Good development, everyone can learn and improve their strategy in trading, it's easier to make money in trading than in gambling because your analysis in gambling doesn't help much to increase your probability of winning, that house edge will make you lose, in trading there is no house edge.

at first I analyzed it might be said between gambling and trading, because it was still in the learning process, and did not know the characteristics of the market. but luckily, at least now I understand, and try to remain consistent in the analysis that has been made as a basis for taking action

I do not think so. If we don't put money in the school, we can't learn anything, we don't draw valuable experience. All theoretical lessons are meaningless, only when entering is the school really learning.

most people who fail gambling, sometimes learn to control the flow of trading. well, so it's natural if the trip gets to that. besides that I strongly agree, if in trading, we are able to sharpen the strategy for the better. I feel that the opportunity to trade is greater than gambling.