Bitcoin Forum

Hello guys,

Today I am going to share my own experience about gambling, forex & Crypto trading. Although i am new in the forum but Its already been 5 years that i am connected with crypto trading, forex & gambling. I think its like a puzzle for new users to take decision where to start or not. Many of us working hard to earn from online  and looking for a reliable source of earning. For that reason i will try to describe my own experience with all of our new comers.

Gambling

Gambling is a popular source of earning. There's been a lot of gambling projects going on successfully. Its true that you can earn a lot from gambling if your luck is on your favour. Here you have a big chance to make it 2x,4x,10x and on the other hand your balance could be zero too.

Personally i will suggest not to engage with gambling without enough fund. If you have fund limitation than you can't cover your loses where big amount holders can do it easily. Many people beleive that if you maintain good strategy on gambling than you can earn a lot. But in real i think it has no value. As an example you put bet on bet365 where you select football team Barcelona on spanish la liga as your side. Yeah its true that Barcelona is strong enough to win but you can't be 100% sure. So there is no way to deny that gambling is nothing but a risky source of earning.

Forex

Forex is a famous source of earning for online investors. Millions of people worldwide connected with forex. From my experience its is a good platform to trade foreign currency. But it is to notify that without enough knowledge and experience you can't make profits there. where i beleive if anyone wants to engage with forex he/she should learn every single basic.

As an example i wish many of our users knows about IQ option. Its a broker of binary trading where you have a chance to make your fund 100x in a couple of minutes. But there's chances to make your fund zero too. Its kinda simillar with gambling. There's many brokers available in forex but you always have to put it on mind that your strategy & knowledge will play the main role.

Crypto Trading

Crypto currency is showing its power to all over the world. Where its already been a favourite destination for online investors and traders. There's been a lot of advantags in crypto trading for a new user. Crypto trading have got lower amount risks than gambling & forex. Where in gambling & forex you always have a chance that your fund can be zero.  But in crypto trading you can get notifications from exchanges if any of your purchased token or coin going to be delisted. There's always a chance for you to recover your fund.

Yeah as like as other source of earning you need your own strategy, knowledge & experience for crypto trading. Its a place where you can invest and hold an established coin easily for your future profits.

 Honest Review from myside:

I want to say for our new comers that its not an easy task to earn from online. Before invest somewhere you should learn regarding knowledges about your targeted source of earning. I beleive its your skill, strategy, and experience will guide you to your bright future. Personally its been a long time I left gambling and also not so regular on forex now. In recent time i am totally spending time with crypto trading. As a trader I beleive its a golden chance  to make a entry on crypto world. Its going be a wise decision to invest and hold crypto IMO.

This three are all viable forms of investment and ways to earn but they are likewise also risky to get into, gambling has a whole lot to do with luck,but at another thought both forex and crypto trading also have one or two to do with luck.
There is no benign form of investment,you must game risks and that is what it is,but taking wise risks is the way to go, feeding your mind with requisite knowledge of what you're getting to as well as cutting down on the start up funds.
There are far more to this three terms than what op has explained,which newbies should research thoroughly on

Gambling is purely based on luck and should be done mainly for fun, if you do it expecting to get rick very quickly then you are mistaken. You may end up getting depressed.

Stock trading requires a lot of skill and knowledge... I tried it once and gave up on the whole thing however I found crypto trading a lot easier and a little predictable. It very easy to make money with bitcoin's volatility. For example, I bought at 3540... I have already sold at 3900. I am expecting a slight drop before Friday.

Well write, I have no idea about forex but gambling isn't a good source of earn IMO. There is very high chance that your balance would be ZERO. But gamble could play occasionally for hobby. But should not addicted on it. Crypto is bit safe from gamble. At least your balance will not ZERO if you play with good coins. I think gamble is depend on luck and trading is depend of experience and analyse since I am also a small trader.

My opinions is stay away from gamble especially if you are new.

I do not quite understand the meaning of the highlighted text.
In reality, forex and cryptocurrency trading are both forms of gambling, and the risks all depends on how you trade and what strategy you adopt.
Also on the measures you put in place, like stop loss and take profit to protect your profits or minimize your losses.
In all three there's a chance of your going to zero.

Gambling,Forex and Crypto Trading. I think they are same and you just predict where did you pick it will give you profit if you luck and if it fail, they will make you loss some assets.

None of them are forms of investment, let alone viable forms of investment. They're all forms of gambling.

I do not understand why Cryptoland throws these things around as fun loving ways of sailing towards eternal success. Most people who commit to this stuff wind up with a razorwire dildo inserted most of the way up their torso.

Its an advantage of crypto trading system. Where you will be notified by exchange authority if they are going to delist any of your purchased token. Its a chance to get your invested fund back by selling that token or coin. But in gambling you will not get that kind of support from gambling authority.

Let me point out that participanting in Forex and Crypto trading without any skills or little knowledge is also regards as gambling, that been side gambling is an actively totally dependant on luck and sometimes experience/skills.

My opinion: the favorite among the three forms of earning mentioned above is crypto trading, it's the easiest to learn therefore I'll suggest anyone interested in earning from the three of them should go try this order, First crypto trading next to Forex/stock trading and finally Gambling ( should be used mostly for having fun that way your losses won't cause much emotional damage).

The truth is, you can earn from all three forms of online earning mentioned above.

Forex, crypto trading is kind of gambling. With gambling we spend the money and wait for the result, if the predictions go away from the result we loss, with trading and forex is the same. Here we get possibility to minimize the loss while the same isn't possible to do with gambling.

What? Source of earning? Its loosing game, you will always loose long term only casino wins.
This is addiction, its bad and for sure not way of earning but guaranteed way of loosing money.

I think that all 3 are forms of gambling.

Each of them are a game of risk. And the higher the risk, the greater the reward/loss.

I have been busy with all of them sequentially. But, gambling was the best, if there was no stress.  ;D Always I try to seperate time for others, even though most time I am in crypto. 

Yeah thats quite good with you if you have a big amount of fund. Maybe you got that. Its true that there is no way without having the favour of luck to make money from gambling. It has got the highest risk. Prediction got no value on this field.

As a beginner its not a wise decission to choose gambling for a way of earning. I honestly suggest them to start their first investment with crypto trading. Where its relatively got lower risk than other 2 source.

Crypto trading any time any day.
Gambling - comes with a problem of addiction... Can be good for entertainment/fun
Stock trading - requires a lot of skill to be a good trader.

All of the three method of earning mentioned above comes with a problem of addiction but gambling is more destructive. Also all the three method mentioned above also requires some level of skills and luck for you to be successful at them so they're in the same bracket. You just have to keep your emotions in check when participating in any of them to avoid making wrong decisions.

I might agree with you that gambling is luck(but you have to know how to play) but I would definitely no agree with you that cryptocurrency trading and forex is based on luck.
You have to have a good knowledge of them before luck Can play a part

This introduction is wrong.
It will never be popular because most of the gamblers are losers.

Forex and crypto trading can be gambling if we don't know how to make analysis and many of us get trap because of this. I don't want to say gambling is a popular source of earning because almost all gamblers cannot win the game and many of them get lost in big money.

I don't know with forex because, since the first time I knew the internet, I don't read anything about forex, but my friends tell their story to me that forex trading is very dangerous and they suggest never get in touch with forex if you don't have skills. Until I found crypto trading which I think it's better than forex because, in crypto trading, I can use small money to deposit and start trading.
So far, I enjoy my time to trade with crypto, and although I cannot earn big money, I believe I can make it someday.

Forex, crypto trading is a part of source income, but gambling is a part to get fun, and entertainment.

I started my career as Forex trader, so that comes naturally. In recent times, I have switched to Crypto Trading, as it’s highly rewarding and like I said, I started off as Forex trader and that has really made things easy for me with Crypto Trading too.

But of course, it’s important to have a broker that supports both. And that’s not hard, as there are many Crypto Brokers (https://cryptolinks.com/bitcoin-futures) out there that offers Forex or vice-versa. As per gambling, I hate that!

Basically in any kinds of trading traders own skill and knowledge play the main role. Crypto trading has been so much popular nowadays and investors are joining  this. I think its has less risks than gambling and forex. Specially for a new investor or trader it can be a good choice to start his/her trading life with crypto

I beleive every trading is a mind game. Which trader got patience and skill IMO they can easily make handsome profits. Although its also true that if you invest oncrypto without verifying a project properly than you can lose your fund.

Great points, and I would add to that, that gambling is by far something that could be improved by a lot in the sense of odds and transparency in the industry. There is a reason people lose SO MUCH MONEY in online gambling. Because odds are stacked against them.

And frankly, that's not even HALF the problems gamblers face.

What about:

- Withheld bonuses
- Account restrictions due to locations
- Hidden fees (withdrawal fees)
- Withdrawal restrictions
- Limits and slow processing speed of payouts
- Risk of fraud

We think of the gambling industry, and say "Oh poor Charlie" just when it comes to the losses. But what about the daily struggles they face practically?

Blockchain can come in and literally save the gambling industry and generate new profits for everyone. I don't think it's a matter of gambling VS forex VS stock trading.

Gambling is its own thing, and can be very powerful for people. If Blockchain were inserted into the gambling industry, you wouldn't even be trying to compare it to forex trading, stock trading etc. Because it would be its own unique thing - just un-comparable.

Hope that helps!

In forex you can also start with a small balance.

If you use forex  as a quick way too make lots of money and treat it like gambling you will certainly blow your account. it all depends on proper risk management.

I gambled a lot in my life. Never tried forex, done some crypto trading... And in my opinion gambling is the best way to lose money. If someone doesn't know where to start and where to stop, every single penny will go away. So, if you are reading my message and are new to this crypto world, I really advise you not to gamble. And if you still want to do it (Yeah, it is fun though), please gamble with money you can afford to lose. That's it.
And unless you become a master trader, don't go all in on trading also.
Peace.

Between gambling, trading and forex while the first is purely base on luck and at such you can not calculate you profits base on future expectations, but trading and the forex on the other hand can be calculated base on your skills and ex parties so at that you can calculate your profits and expectations because you trading on currencies which your profits depends on you skill and just a little luck.

They  are different forms by which people make money online  except gambling that is both  offline and online . Gambling is just a guess work you do for pleasure while making profit or losses .

Forex encompasses of crypto , Fiat , oil, gold, sugar , Facebook shares, Amazon shares,etc which are traded online from Sunday to Friday only online. Is the biggest platform that's comprises of institutions traders like traditional bank and central banks of every nations, investors, individual.

While crypto is new digital currency that is trade with bitcoin and altcoin some few Fiat like USD, GBP . It is trade everyday including weekends.

the crypto and forex trading are not fun but hard work making decision with regards to trend of financial asset or other forms of asset that makes use of Fundamental and technical analysis.

I would anyway pick Forex and Crypto trading because they are genuine ways of working. So, no to gambling. I work with FreshForex (https://freshforex.com/), who offer dual service, which include both Forex/Crypto trading and with great features too, so that makes me feel highly comfortable and relaxed working with them.

Totally depends on the type of gambling you enter into - some have more in common with Forex and Crypto Trading than others. In fixed odds bets in a casino on roulette and other games of chance you will be completely dependent on luck and even if you start with a winning streak, always the house will win as the games are set that way. What I like about sports betting, Forex and Crypto Trading is that there is at least an element of skill and analysis in choosing your bets based on what has come before.

Casinos, craps, slots and all that are great fun to switch your mind off too, but there the real fun comes in putting your mind to the game - which is where Forex and Crypto Trading are exciting for me. But at the end of the day its still gambling and still risky in each case.

Yeah in forex there's been a latest trading system included for crypto currency also. Its a good sign that crypto currencies are competing with worldwide currencies. But forex crypto trading system isn't similar with exchange trading IMO. I think ratio of risks is relatively high there.

Gambling:
Needs luck, can be done with both Fiat and crypto, better odds in different types of betting as well as casinos and other games are involved. Skill sets are also favorable depending on the type of game you're good at. It's good not to get addicted and only play with what we can afford to lose.

Forex:
Need luck here as well, but skills about technicals and fundamentals both are needed very much to be able to gain profits through forex trading. Many different payment methods (some brokers also allowing crypto) are available to deposit and withdraw. If you lose, don't try to increase the volume to recover, it's better to keep it going at low. Same rule applies that you should only play with what you can afford to lose.

Crypto trading:
Almost similar to forex trading but has its own risks, where it gives ridiculous returns but can also make you lose the most of your capital. While there are too many options available to be traded (even more pairs than what you can find in forex trading), this thing focuses more on technicals than fundamentals because here, it is said to buy the rumors, sell the facts. That same rule applies here strictly to not use the money you can't afford to lose.

OP forgot this one more thing:
Options:
It follows the same pattern of forex but the only difference is, everything is based on time and you set a time limit as well as the limit over/under which the specific pair you're trading will close for that set time limit. It is similar to gambling dice and is also available in crypto as well. Once again, don't put in money you can't afford to lose.

In every trading method we need help of our luck but I think for crypto trading traders need luck favour percentages in a lower rate. Where in gambling its totally depend on luck but for crypto trading we got the chances to show our trading experience, tricks and excellency.

Its simple that in trading platform one persons fund move to another person hand and its a complete circle. Who have got enough knowledge about market, projects background and experience they are always one step ahead than newer one and yeah here you also need your  luck support but not in a large scale.
   

Gambling is very risky.If your luck is good then you can earn from gambling.If you lick is bad then you will lose.In Gambling you don’t need to know anything.I didn’t try forex but I saw few people who tried forex and if you have proper knowledge then forex is good. But I love crypto trading.Though I am not a professional trader nor expert trader.But I trade with most popular currency and wait for the profits.But also make a research before jump :D

You trade with the most popular currency then wait for the profits? then you must be an investor rather than a trader.

Gambling, Forex and Crypto trading is almost the same, for me, the only difference about these 3 are the percentage of winning and how well you'll initiate your strategy but at the end of the day you will be still needing a good amount of money to earn a decent amount of profit.

I agree with you about winning percentage as in gambling if you are doing casino betting then loosing chances are high, but if you are doing sports betting then profit is low but in ROI it is very profitable just like trading. so i think in this all three option you first need is the experience and bankroll system to invest so that you should be able to buy in more dip and take profit when it starts moving up.

i think forex and Crypto trading not really same.  there is a different point.  Lots of forex company untrustable, they are changing the numbers for their own sake. But they are doing it just a little bit. And this is often not understood very well by the forex users.  lots of they don't they are defrauded by forex brokers.

Everything is risky, trading forex or crypto is a also risky without proper knowledge and experience trading is like gambling, but still it's better to learn trade, because you can get better in trading after you got more experience,while in gambling you only rely on your luck

Of Gambling, Forex Trading and Crypto - your best and lowest risk bet is probably crypto trading - despite what you might be told about its 'risks'.

Gambling? Most games have a slight house edge, and if you're betting on sports, politics etc - you might come out ahead only IF you have particularly nuanced understanding of what's going on.

Forex? I've looked into it as an option, and some estimates put retail investors at 96% chance of losing in the long term. (https://www.thebalance.com/why-do-forex-traders-lose-money-1344936) Others put it more around the 75-80% which I think is more accurate.

Crypto? Well over the long term you'd definitely be ahead if you stuck with BTC from the early days. Even if you went alts, many are doing well. Even if you purchased at the peak in 2017, there is still scope for you to recover from your losses, as coin prices fluctuate drastically and there is potential for it to recover over the medium term (BTC has already jumped from $3k to over $5k USD this year). If you gambled or used forex, you'd have lost your bet or stop-loss out of your initial 'investment'.

So of everything, I think crypto trading is the way to go - but I'm biased and would say that as this is bitcointalk and a forex or gambling forum.

 

Great strategy to make handsome profits from crypto trading. I always prefer to depend on self research rather than depending on luck. When you totally depend on luck for having profits then its like gamble with luck too.

Risk always associate with any kind of trading. Its the way how one person's fund move to another ones hand. IMO skill and experience play a vital role behind successful trading.