Bitcoin Forum

I base my question about whether a gambler can become a good bitcoin trader, because both of them share one factor which is risk. A gambler is a risk taker, he stakes his money without knowing the outcome of the game that he is about to play. There is no guarantee that he will win, yet he goes ahead to play, knowing fully well that he can lose his bet. Same thing with a bitcoin trader, he goes ahead to engage in trading knowing fully well that the market can turn around  negatively for him, making him to lose his bitcoin. Yet he goes ahead to trade in the hope of making profit.

Although there are some differences between the two, like most gambling depends mainly on luck. You play and let luck decide fate of the game, that is the risk factor, because the gambler doesn't have any control or influence to determine the outcome of the bet. Also a bitcoin trader doesn't have any control or influence to determine how the market swings, he takes the risk to trade his bitcoin without knowing the outcome whether it'll be profit or lose. The diffidence between the two is that a bitcoin trader can predict the market, while a gambler can not predict the outcome of a bet, except in sports bet.

So if a gambler where to go into bitcoin trading, do you think that the experience of taking risk in gambling will be an added advantage to face the risk of bitcoin trading?

Can a gambler become a good trader? Yes. If he learns how to trade. He has little to read about risk management and he should still know that he should trade with the amount of money that he can afford to lose.

Although some traits cross over they are mutually exclusive.  The only thing that would probably help is the risk level and the ability to lose a lot in a quick fashion.  If a gambler is also a good crypto trader its most likely either due to luck, coincidence or 2 separate skillets they are good at.

From what I understand, both are not the same gambler as you described doesn't know the future of his bet but we knows it as a blind game or a game of guess which if you guess correctly you have a winning, but in trading if the market is going against you there are chances that you can exit a trade to secure the remaining funds. Then your question, as far as I know gambler can become a good trader provided he knows the technicality involved while trading I don't see anything bad a gambler can't trade except he doesn't want to remain focused in the trade process before he would lose his trade otherwise I can basically say that trading is more preferable than gambling.

The only advantage is they would be able to worry less when they loose money trading because they are already used to the concept of loosing money. It may also feel different because while gambling involves having fun and loosing money, there is no fun loosing money to trading.

A gambler can be a good trader if they take the time to learn to trade properly either by themselves or preferably from experts with more experience than them.

Anyone can become a trader, including gamblers as long as they know about bitcoin and are willing to learn about bitcoin trading analysis. In my opinion, the risks of trading and gambling are different, and cannot be generalized. The risk of gambling is losing money and the risk of trading is losing money, even if we sit all day we also have the risk of losing money because we don't go to work. Even though the risk is the same, namely losing money, the management to overcome the risk is different

Gambling is entertainment and luck, but bitcoin trading is market and sentiment analysis. When gambling we don't need to analyze, just play and enjoy. However, when trading we need analysis, trading without analysis is also possible but the trading model is the same as gambling, just relying on luck.

Being a gambler is one thing and being a responsible gambler is another. An irresponsible gambler knows very little or nothing about risk management.  One thing about irresponsible gamblers is that, they don't know when to stop, observe and employ a new technique which is a good quality of a good trader.

A responsible gambler knows when to call it a quit, has very good management skills. Gambling of a truth has striking similarities with trading as much as they also have their differences too but Despite their fundamental differences, trade and gambling do share certain similarities in a few areas: Both entail some risk: There is a chance of losing money when trading or gambling. Both activities carry no guarantees of success and always carry the risk of financial loss.  And then again Compared to investors, gamblers have fewer opportunities to reduce their losses. Compared to gamblers, investors have access to more relevant information sources.

So to answer your question, Yes a gambler can be a good and successful trader IF the person in question is a responsible gambler and has a good risk management skill.

I don't think that any bitcoin trader will take the risk to loose his bitcoin in the market if he knows that the market will go opposite his thought. Gambling is different from trading even though both of them share similar thing in common which is high level of risk.

Back to your question, a gambler can be a good trader if he takes his time to learn everything about trading, and if he can also discipline himself not to be too greedy with his trading activities. One thing that I see in these two is that, anyone involve in both must be able to control his emotions and never be greedy so that you don't end up losing big. This is because the level of loss in both activities is very high compared to the profit.

there's no correlation between the two, maybe, the feeling of taking risk. but they are totally different. trading requires at least a lil bit of knowledge of the market itself. what's going on and where it is heading at. but when you talk about luck-based casino games, you don't need to think about it because most of these games just need common sense to continue playing. but when it comes to trading, at least give yourself some knowledge of the currency you want to trade with. otherwise, you will easily be liquidated.

Yes, and what would link those two is risk tolerance. Gamblers are also investors in the first place; they know how risk works and they tend to gauge tendencies of winning over losing. With trading, analysis would work more often than with gambling which involves more of one’s luck. Anyone could be a gambler but not all gambler would be good with trading or investment; either it is too fast or that profit in gambling is harder to earn and get unlike with trading wherein one could adjust the margin of his bet. Problem only is the difference with the risk present on each category. Actually not only a good bitcoin trader but also investor of other fields than to just rely solely with your luck.

Now the gambling sites was mostly based on the cryptocurrency,this was the reason for the many bitcoin traders was in the gambling now.The profit from the cryptocurrency trade was used by the trader to bet in the gambling sites.Since the money from the trade profit,So the gambler won’t worry if he had loss in the gambling site.So this will be the stress free gambling site game,it help the gambler to do the easy win by the control of their emotion.Because the money was used by the free sources like the crypto based trading win,the gambler also use the free money from the income to the gambling sites every month of the gambling sites.

No one succeeds without experiencing failures, and in any field, knowledge and experience give them the right results that they can apply.

I know a number of professional gamblers whose analysis I consider to be the difference in helping them succeed at it. And similarly, bitcoin trading also requires a lot of different skills.

It may or may not have an interactive relationship, but the key point is still the application of acquired knowledge in each specific field.

gambling and day trading are very different things, a person who plays in a casino, a person who buys a lottery ticket in most cases thinks about playing to get rich quick, for example when that person puts 1$ on the lottery ticket and the jackpot is 3 million dollars, this person is praying to win the 3 million dollars, when a person plays blackjack they also hope to win a lot of money quickly, but when the same person goes to day trade, they will have to spend a lot of time studying the market , you will have to spend a lot of time putting in a lot of money to make a profit from little money, for example having to put in $100,000 and expect a profit of 1% sometimes, this makes the person impatient

Therefore, the person sells early when they buy and instead of making a 1% profit they start to make losses constantly and give up. The reason why people don't trade and prefer gambling is because they don't want to spend months trading and make very low profits, this becomes visible even when a person hodls bitcoin. for example, a person buys bitcoin at a price of $25,000 and sets a sales target of $50,000 to make a 2X profit, stays for 1 year and the price of bitcoin does not rise to $50,000, 2 years pass and the price of bitcoin still does not rise for 50,000$

Then the person goes to a casino and looks at a football game with odds of 2.00 for the favorite, that is, in just one game if that person gets it right they would already have 2X profit, so that person forgets the words patience and hodl and goes to She thinks she will make a quick profit and loses everything, but even so she continues to put more money into the casino to play because I believe that next time she will be lucky. gambling and trading are very different things

it is good for us to have other things we are doing apart from gambling so that when we make loses, we can always get funds else where to keep gambling but not to the extend of becoming an addictive gambler. Anyone can decide what to do with there time even though it's a trader. A trader have equal opportunity with non trader too to gamble and make money for themselves if they know how to do it better. Being a trader going into a crypto casino to gamble can be more fun because they already good in trading and they can utilize there knowledge to bet and try there luck.

Firstly you risk experience is not all you need as a trader, there are people who have been into very risky business and professions aswell and when they eventually ventured into trading, all that didn't really mattered, because the risk in trading could be seen in a different perspective.

As a professional trader, it's never your risk is always defined even before you place a trade and you are most likely knowing where your trading is going and what the possible outcome could be, but in gambling your risk is not always as well defined as it can be with trading regardless of your experience or how well you have been in the game, so when it comes to risk management and definition, they are not the same with gambling and trading.

You know, you make a good point that gamblers and bitcoin traders actually have a lot in common.  They are both willing to take some risks for the chance to hit it big.  i definitely see why you draw the parallel - with both, you're putting your hard-earned cash on the line without any guarantees you'll come out ahead.  Whether its at a roulette wheel or investing in crypto the outcome is uncertain.  Of course, the bitcoin trader has that extra layer where they try to analyze the market and read the trends.  It ain't all just luck; some strategy and critical thinking can come into play too.  So, no. I don't think that a gambler can be a good trader just because he has gambling experience. Not without proper training first.

Bitcoin trading is not difficult, it requires one to know the system, the coins and market seasons before triggering trading. A gambler can be anything he aspires to be in the system as long as he's serious and consistent, he will definitely achieved his goals within a small range of time. But before going into the space, he should be able to understand the system and knows the basic necessities, that way his chances of losses will decrease and boosts his opportunities to grab hugh wins from the system. It's advisable to trade what you can afford to lose and not staking significant figures.

Yes I'm convinced of that, because most traders thinks they are able to predict the trend of the market while most of them perform worse than a dice or a monkey placing random orders in reality. A gambler will be more likely to have a money management similar to the one he has when he's gambling, and to use common gambling strategy such as the Kelly Criterion one for example. So at the end even if he doesn't know or understand anything about trading, he will be more likely to have better results than an average trader as the monkey.

i never thought how a gambler could be a good bitcoin trader because they both have different focuses.  however, i am aware that the education that each person receives is different, so i am not surprised by the views of people out there who still think that trading is an activity that is not much different from gambling.  If you are a slot addict then don't expect to be a good trader because you will definitely only depend on luck, trading is not an easy buying/selling activity, there are many considerations and knowledge that must be mastered to become a good trader which makes good profits.

Specifically everything will depend on the individual and how successful they are, gambling does not make you a financial expert, ,although it depends, because in the area of poker you handle many statistical concepts, etc. in traditional games there are other types of skills that are based more on bank management, and finally there are sports betting, another area of ​​skills. It is relative.

From that point of view, a gambler who has never made a trade learns to master it quickly and is one step ahead in relation to someone who has never made a trade, but that does not guarantee anything to give him a good rating.

It’s less about being a good gambler and more about actually taking the time to understand the concepts that revolve around trading. While you may believe that “trading is just gambling with extra steps”, there are still concepts beyond a gambler’s grasp that sets the former from the latter apart. For example, there’s no such thing as shorting on a game, and yet this is commonplace in the trading world.

If you want to be a good gambler, be responsible and know which games you want to stick with for the rest of your journey. If you want to be a great trader, learn the fundamentals and study how the market works. Don’t go thinking that just cause you learned the other thing, you’d have the knowledge to carry on with the other. This is not driving where you can just learn about stick shift and then immediately understand how automatic cars work

I don't see differences between gambling and short term trading. Both activities require high luck from the individuals involved on them in order to succeed, while skills are a secondary factor which can help, but isn't decisive. I say that, because the market is unpredictable on short term. Today Bitcoin can be pumping and tomorrow its price can be crashing without any apparent reason.

Furthermore, the so called analysis skills are put in practice only after the fluctuation in price happens. That is, they never predict anything, but justify why the price has increased or decreased.

Following this logic, a gambler can be a good trader, since he is lucky on both fields.

The difference in between things is that a trader does really deal up with something that could bring up money or profits neither long term or short term. It does have risks but its not really that something that as much as risky with gambling. Now on the question , can a gambler be a good bitcoin trader? There's no way on telling whether it would be yes or no because if you are a gambler which is really that exposed to high risk then for sure you would really be applying it somehow on the time that you do trade but sooner or later you would really be able to realize on how you should really be dealing up with it on which trying out to have that good risks management considering that it isnt really needing for you to have that kind of impulsive approach yet trading
would really be that different.

This depends on the gambler, he or she can choose not to involve in trading activity or take a serious courses on trading and become a successful trader. And moreover, most crypto traders here are referred to as gamblers because of the uncertainty of the two event and how somehow luck is actually the base factor but with trading that can be overcomed in he or she is actually an expert trader.

Anyone who is a gambler can become a good bitcoin trader; it just depends on the decision and determination that a gambler has. How can you be a good bitcoin trader if you don't decide to do it?

And when you have decided that you want to become a good bitcoin trader, you should study and find out what the first step is to do, because if you know the right process for sure, in the end you will realize that you made the right decision, my friend.

If you have mastered the skill of gambling, you have, to a large extent mastered the skill of trading because both have a common denominator which is psychological maturity. The greatest asset every successful trader have at his disposal is trading psychology that eliminates bad habits such as greed, risk management and so in. Similarly, gambling requires the mastering of money management, greed control and others. Therefore, a good gambler can become a good Bitcoin trader.

Why not? this is the best use case for bitcoin, gambling and then trading. And that's why bitcoin is the most used crypto, and we all know that majority of us trades too, although I will say that I no longer trade but just save and accumulate BTC. But for some, it's doable for them, specially if they really have outside exposure already, i.e. knows how trading works prior to joining the crypto market. And obviously as what we are all talking, both gamblers and traders know that there are risk involved, so they understand the consequences. However, for me the risk is greater with gambling, as it is based on pure luck but in trading, there are tools that can help you analyze the market and make the right decision and then get profits. And there is also this school of thoughts that say "trading is just another form of gambling". So they are somewhat related as far as I know. Good example, if other bet on $Pepe or $Shiba to make it in the next bull run and give us huge profits, then it could be gambling per se.

Yes, it's true that both Gambling and Bitcoin investment involves risk, which is one thing they both have in common, but while one involve a higher risk (I.e Gambling), the one thing certain is that while one involves a higher risk, the other one involves a lesser risk, and by that I mean, for example when gambling an individual is likely to lose all his/her capital if the game do not go as predicted, but when it comes to Bitcoin investment, such individual is only likely to lose just a fraction of his money, and not his entire money. But only if such money is not invested in shitcoins or altcoins.

That's difficult to achieve because labeling someone as a gambler implies they are very active in gambling. Trading requires focus, and it's challenging to find success if time is not fully dedicated to trading.

With numerous games on a daily basis, a gambler might be too engrossed in gambling. It's crucial to choose one path for success, that is either become a successful trader or a successful gambler. Perhaps one can be a successful trader if gambling is pursued purely for fun.

Gambling and trading both involve taking risks but in crypto trading people often use strategies, research and market knowledge to make informed decisions. Gambling tends to rely more on chance or luck without considering those factors. However if someone trades recklessly without a plan it can resemble gambling because they're taking big risks without a clear strategy.

If you've mastered the skills in gambling and consistently achieved positive results, there's no reason to venture into trading as it would only divide your focus. Both trading and gambling share the common goal of being profitable, so why not stick to gambling? I believe we can maximize profit more effectively in gambling, and it will be more fulfilling since we can make money and enjoy what we are doing at the same time.

Honestly, trading is not as enjoyable as gambling, which offers entertainment. It's a significant success to be entertained and profitable simultaneously.

First, he needs to learn about trading because it's not something where you can just jump in because you are a gambler, a risk taker, or whatever they call it.
Trading has risk too and it doesn't mean a gambler can make good decisions there. In fact, it might be worse if he or she keeps on taking high-risk trades.
I mean, we cannot just rule out that they have better choices because of their courage.
Trading is not something that we should play around like it is in gambling. Remember there are technical analysis that is being done with it while in casino games you are just playing around and letting the system decide if you are lucky or not. There's really no analysis with it and we just let the gambling site decide for us unlike what it is in trading where we will be the one who makes all those choices.

well, both of them is very risky and thats a fact. When you are a gambler, it doesn't mean that you're able to become a trader because there's a big difference between them. let say that in gambling, you can play whenever you like and there's a chance to win because of luck without having a background idea on what you are playing while in trading, you need to have technical analysis before you trade and it needs an intensive plan and decision making. Though, Gambling is more enjoyable to play than trading, I think it's better to focus in one of them.

Some gamblers can be traders at the same time. However, some gamblers feel trading is difficult for people who are used to gambling. But if a gambler wants to get into Bitcoin trading, as long as he is willing to learn what it takes, he can follow the market movements. And he could face the risks because he is used to dealing with risks.

They can also take risks by speculating on market direction. And because they can adapt to changes in Bitcoin prices, it means they have to always be alert and ready for everything. But because they can study trading well, they will discover the fact that trading is actually different from gambling.

And it is not impossible that, in the end, he will prefer trading to gambling. That's because he saw the potential for him to make bigger profits than from gambling. If trading can change him to start reducing gambling activities, that means he can get a benefit from trading rather than gambling.

A gambler can be both a good trader and also a bad one depending on how well he or she has developed their self in the act because gambler tend to be all focus on gambling because getting a diverted attention can cause you lose games sometimes and plus the fact that trading isn't something you just wake up and start doing so I think it depends on the gambler, if he wants to involve trading to one of his hobbies, although many people seem to think trading is actually some kind of advance gambling.

Gambling and trading are two different things buddy. How can a good gambler be a good trader or good trader a good gambler? That doesn't make sense. If you were to say if a skilled software developer can be a skilled web developer, then that will make some sense. Because both of these skills originated from the same source (programming). It may take some times, but it's possible.

Now if I get back to your question. The only way for a good gambler to be a good trader, if he acquire the knowledge of trading. There is no shortcut to that. Hope that make some sense.

when you are in the crypto industry for a long time, you will eventually learn to trade well like the swing traders who gets the most profit in few trades. its not hard to learn to trade when you are interested.

just like the traders or anyone holding coins, gamblers will certainly be interested to trade coins if it meant profit especially in the bull market. but it would be best if they trade in major exchanges and not on the internal exchange of casinos where they are playing.

The answer to your question on whether a gambler can be a good Bitcoin trader or a trader, in general, is yes, of course, but your equations and examples are not accurate because you can't compare gambling with trading despite them having one thing in common which is that both, a trader and a gambler, take risks with their money but there are a lot of differences between the two things, gambling is mainly dependent on luck while trading requires skills, knowledge, and experience.

A person who knows the cryptocurrency market very well and has gained some trading experience will be able to earn good profit from cryptocurrency trading but the same cannot be said about gambling because you can't have an upper hand in gambling no matter how much knowledge or experience you have.

What's type of gambler is it addicted or non addicted gambler? Bitcoin trading has nothing to do with gambling. Gambling is all about depending on luck and throwing your money at risk and on the other hand there are some aspects of investment in Bitcoin where you have to do technical analysis and if you don't have the knowledge of technical analysis you can face loss there too. In the case of an addicted gambler, if he has made bitcoin investment without following technical analysis or fundamental analysis, then bitcoin investment is also like gambling for him.  In my opinion it is better not to go into trading for those addicted gamblers

A gambler can be good trader but can also be bad trader depending on whether the gambler himself has a wise attitude or not because you can see for yourself that most gamblers are greedy people and more often take wrong steps that end in losses.
If we talk about the positive side, the gambler soul has feeling that it is easier to take risks and not give up easily or have steely mentality which can enable when trading to always stick to one stance and not be easily influenced by fomo or certain hype.
In trading taking risks is very important because all the assets you trade have a big risk, almost the same as gambling even though if you trade, you won't spend all your money without leaving anything like gambling.

Out there, I sure there are many traders or investors who are also gamblers and people like this will usually find it easier to generate success from trading compared to people who have never gambled and cannot accept the risks of trading.
As the saying goes, luck or success will only come to those who dare to take risks.

You really grasped my point because even though they have differences, like gambling should be about having fun, while bitcoin trading is strictly business, they still share some similarities, of which one of them is risk. I believe that if a gambler learns about bitcoin trading, it'd be easier for him to adapt because he understands the concepts of taking risks better than a person who has never been involved in any risk taking ventures. So in this regards of risk taking, i believe that a gambler can make a good bitcoin trader. Provided he has the willingness to learn and acquire the knowledge of trading bitcoin, because it's not like gambling that don't need any special skills,

Just the opposite. It is luck and the luck factor that unites these two types of activities: trading and gambling. In both cases, you can try to predict the market or the rate, but it is impossible to influence this, which means the outcome still remains unpredictable. It’s trivial that the forecast may not come true.

Gambling doesn't interfere with trading (and vice versa), but I don’t think that it will in any way contribute to success if you are interested in one or the other.

What do you mean by "Bitcoin trader"? The traders on the crypto markets don't trade Bitcoins only. They trade altcoins as well.
A good gambler can become a good crypto trader. A bad gambler will always be a bad crypto trader. I don't know about a bad gambler becoming a good trader. This simply cannot happen in the real world.
The sad truth is that most traders as well as most gamblers end up losing their money. I don't know the exact percentage, but I think that 90% of the traders and 95% of the gamblers are bad, which means that they just lose all their money without making any profits.

It still depends. Both trading and gambling is indeed risky, by having oneself involved in any of these activity can understand the concept of risk. However, the risk we're talking about here is not the same. A trader's risk is based on his own strategy/technical analysis. A gambler's risk is based on a blind risk or how much luck they have.

A gambler who starts to trade just because of knowing how to face a risk might end up having a trade with excitement rather than in a methodical way, more like trading in a gambling style. And yes, let's say some gambler is willing to learn to trade. The result will depend on how he understands trading and how much experience he needs to learn from his own experience.

I think the mindset of risks can be adopted but with more specifics when it comes to trading I guess? I mean it's pretty clear-cut how the risks work in gambling unlike trading, which might be different based on current trends and whatnot. I wouldn't hold much hope in a gambler trying to enter trading though. Most of the time they'd probably act as if trading was a simple gamble, the other way around might work though.

In any case both a good gambler and a good trader know how the game works, and know how to take risks or at least understand how much risk they should be involved with. Much more apparent in trading since as I've said, cases differ based on trends and whatnot, unlike gambling which is a game, so trends don't really exist and the strategies involved would probably never change no matter what. It's just that the luck factor involved is so big that even with said risk management, gamblers can still lose their money in it.

This comment is not necessary at all. If you like you can refer them to as crypto trader or you can refer to it as bitcoin trader. It is easy to under what the OP is talking about.

Are you saying that someone that is losing in gambling can not later decided to learn bitcoin trading and become a good bitcoin trader? Anything can happen in this world. A bad gambler can learn about trading and become good and leave gambling. Likewise a trader may leave trading and only prefer to gamble.

I am a gambler and I also do trading, it's not hard or confusing, unless you make it look impossible, I am more open to different ideas than staying with one idea, gambling isn't a skillful way to make money, it's something you want to spend less time on, and focus more on trading, because it's better.

You can be a bitcoin investor, a gambler and also a trader, most people in crypto space are all like this, the few that I know about, one doesn't really stop others from happening,  to buy Bitcoin doesn't take a lot, only trading will take your time and concentration, gambling is something you will do and get your result in minutes or few hours.

The only thing that matters is to learn how to be a good gambler, avoid getting addicted to gambling and risks only what you can afford to lose, lower your expectations with gambling, turn gambling into something that can give you money when you don't expect it, understand that it's luck you need so try to always risk what you can afford to lose.

A professional trader that I know started his money making journey through gambling and he lost a lot of money, he later abandoned gambling for trading and that's where he picked up till today, he is now thinking about gambling again, this is what I love to hear about people because this person is born smart, most gamblers wont quit, they will not look for solution to the problem, instead they will keep believing that some miracle will happen one day and time will fly faster before they realize that they have nothing so far.

The problem with gamblers is they lack good source of making money, this is the first problem to deal with and gambling isn't the solution to this, you are to do something that's worth sacrificing your time on, sorry gambler, but this is true, you will be comfortable with gambling only when you are making some money else where.

Choosing gambling first over everything else is a very bad plan, learn some good skills and start making money first then think about gambling later, gambling and a game of luck is for people who can afford taking the risk the safest way.

I have taken my time to study gambling and bitcoin trading and I observed that although they have some individual differences, but they have more in common. Luck and risk are the the two strong similarities that they both share, because when you place a bet, you're taking risk because you don't know the outcome of the game, so you're relying on luck to win. Also when you're trading  bitcoin, despite all your knowledge about the market trends and predictions, it'd no guarantee of profit, it's still likely that you might lose. Therefore  trading also depends on risk because you don't know how price will swing, at the end of the day you're also relying on luck for the trade to be favorable to you. They both have the ability to make your heart to beat faster, because of the risks involved, and in both you're also hoping to beat the odds and make gain. If you pair both, i think that gambling is more riskier than bitcoin trading.

Trading and gambling is almost the same when it comes to sport betting for example.You have to know the odds,the news about injuries,players and other teams related news.In trading you have to do the same learn trading patterns,news and fundamental analysis of which things changes if a certain thing happens so in theory what you are asking is yes.

In practice however gamblers are inpatient from nature wanting to be rich quick and that is a big danger when applying rush through your trades as most likely they will be resulting in lost trades and consequently lost amount of money.So overall although true it is not recommended to do for a gambler.

It's possible because they face the same risk and luck plays a factor in the two niches, and the saying that only invest or play what you can afford to lose applies to both industries, they have the same mindset and that is to make a profit but your chances on trading is higher compared to gambling because on casino platforms especially the luck-based games like dice, slot, and crash, luck plays a major factor, compared to trading where your chances depend so much on your analysis.

The only difference is on gambling you can treat it as an entertainment portal and you can enjoy playing games in casinos, something that you cannot do on trading, I seldom see traders having fun while trading, because you have to maintain your focus, follow the market, and upgrade your knowledge on trading and there's no fun in doing that.

Gambling and trading are two (2) different worlds that have their respective components and techniques. While others may see them similarly, the only similar factor that they contain is the element of risk that is involved. Other than that, they are completely worlds apart from each other.

To further explain, gambling is a game of luck and odds. While there may be some techniques and tips that can increase the chances of the person winning, it is still dependent on the odds for you to win.

On the other hand, trading is an activity where you integrate both the extrinsic and intrinsic factors to guide a person decide whether to purchase a certain coin/share or not. It involves different and complex techniques that can relatively predict and forecast a given price of a certain coin/share.

To conclude, both have the element of risk that is involved. While others may call or consider it luck, I do doubt that there is a correlation that equates a good gambler on being a good trader.

It's a different activity, but sometimes we can learn patience from the way we control ourselves when gambling so that patience is carried over when we trade crypto or become bitcoin traders, that's why the key to success is patience, everything takes time to give good results, it's not always fast. get good results whether we are a gambler or a trader.

Gamblers can have fun while traders cannot do that because of course the two are very different, I think we all know that gambling should not be used as a place to make the same money and profits as we do when trading in bitcoin even though both have the same risk of loss. and the same feeling of adrenaline. but the point is, just enjoy whatever profession you want to be a gambler or trader as long as you don't do it too much, that's better.

Anyone, if he's prepared to learn and connect the dots, can master bitcoin trading. A gambler knows risk, right? He gambles, knowing he could lose everything. Definitely a tough game. The game changes with bitcoin trading. You still confront risk, but you have tools, analysis, and market trends. Luck is no longer enough

The gambler must study the market, trends, and technical analysis. Not just throwing dice and hope for the best. Knowledge of market fluctuations is key to making smart choices. Can a gambler trade bitcoin well? Absolutely. It's more than risk-taking. They must be understood and managed. If Joe is eager to learn and adapt, the talents can transfer to a different game. Connecting gambling, trade, luck, and strategy is key.

I believe risk on trading and gambling are both different to each other. Gambling risk can’t be reduced since gambling games is purely base on luck while trading risk can be minimize if you are good on technical analysis and you use stop losses on your trades.

I believe being exposed on too much risk somehow not really good on trading because you  will just rely on luck on your trades instead if relying on skills. Taking too much risk is not an advantage on trading since you have a choice to safely trade on trading which you can’t do on gambling.

A gambler can be good on bitcoin trading too but not because he is exposed too much on risk but rather through his skills on trading.

His experience in risk-taking might be useful if he does trade in the options market, sure he can accept the fact that he could lose huge with his bet just as he does on casinos or sports bets.

It wouldn't be very surprising to see risker takers investing heavily in altcoin though or if he could gamble further, he could be putting his money on the line for the adrenaline rush on the futures market.

The outcome remains unpredictable but you can at least try to evaluate the likelihood of the different outcomes in order to take a decision and to place an order or a bet. It's crucial to do it in gambling if you want to avoid a quick bankruptcy but less in trading because orders can be modified and generally take more time to be executed, some orders can even be never executed. So usually traders have a worse money management than gamblers and are more confident in their ability to make profit.

I say, can...!
He can be a good bitcoin trader. If while he is gambling, he has good self-control and financial control when he is gambling and is also able to be responsible for the gambling he is doing. then it's not impossible
A person already has three main capital, namely; self-control, good financial control and being able to be responsible. He already has three main capitals in him and what he needs to do, he just needs to learn and understand more about bitcoin and bitcoin trading. And I believe that if someone is able to maintain the three principles that he has and is able to master bitcoin trading, then it is not impossible for that person to become a fairly skilled bitcoin trader.
However, if your gambling activities are not well controlled and you often do careless things when placing bets, then don't expect that you will be a good bitcoin trader.

Gambling's mostly just about luck, while trading's got risks you can get better at managing.  With trading you can make informed choices and have strategies to control the risk, not just leave it all to chance like gambling usually is.  The trading world lets you keep learning, stay up on market trends and get better at analysis so you can make decisions that aren't just random guesses and  being able to adapt to how the market moves and respond to that separates trading from gambling where you never know whatll happen next.  Trading ain't just blind luck, you gain skill over time.

Can a gambler be a good trader? I'd say it depends on the person and if they can switch their thinking from just relying on luck to using more analysis and strategy.  Gambling and trading both require taking risks, but the talents you need to succeed aren't exactly the same.  Some gamblers might have useful skills like intuition, managing risk, and making choices quickly that could help them with trading.  but for some the gambling mindset might not translate well. and  The best traders use discipline, plan ahead, and study the odds - things that aren't always needed when you just rely on luck.  Personally, I think some gamblers could make the transition to being traders but they'd have to work hard to develop new skills.  It wouldn't happen overnight.

several times I found threads that were almost similar discussing trading and gambling which logically are very different but some people might think they are the same but lets discuss them together.

from my opinion, if you say about risk, maybe its not just trading or gambling that is risky, maybe living in this world has risks.

next you say gamblers bet all their money in games where the outcome of the bet is unknown but what about sports betting as you said, is not that one type of betting? and if you compare with trade, do you only compare overall?

there are still a lot of deviations but I will say in conclusion that gambling is different from trading and if you say about risk yes you are right but you have to remember in trading there are 2 choices between short term and long term and on the one hand you bet $ 100 and lose on gambling at once you lose your money, but for trading, especially bitcoin, even though it is short term or long term, you still dont lose all the money you have.

trading is not gambling and is not the same as both have different risks and levels of luck.

If you were talking about using the same skill acquired from gambling could be used in trading, the answer should be no. The only similarities between gambling and trading is taking risks. Other than that both have their own way of operating. One is truly based on luck while on the other you can use some strategies, analysis or other things to predict the future. It won't be 100% accurate every time but it's not win or lose situation like gambling. For example, you can use risk management in order to minimize your losses. This can't be possible with gambling as it is win or lose situation. Either you win or lose it all.

The similarities are limited while the difference are much more. So having experience on gambling especially as you pointed out, taking risks does not give you the advantage to be a good trader. You can learn later on which will help but with the skills that you acquire from gambling does not help you become a good trader.

The trading also had the risk as like the gambling,if you are the trader who doing cryptocurrency.Then you may come to know more about the gambling based on the cryptocurrency.When the market of the cryptocurrency like bitcoin,Ethereum and ripple was in the high value same was reflected in the gambling based on this coin.The net profit at the pump market will be more,So the trader will try to use the dollars which he get as the profit can be used in the gambling sites.So it’s easy to multiple when the tactics used by the gambler was matched and give more profit for the gambler who had their own tactics in the gambling based on bitcoin.

A confident prediction though not  reliable in gambling is literally if the domain of the gambler is a Skill based gambling whereas... Eg. An experienced/expert being an opposition with an inexperienced or an inferior knowledged gambler, there is said to be one sided winning assurance due to a highily skilled but if it is of a chance based gambling there is where luckiness is depended because there would be no chances of one having the ability to adapt or figuring the nature of the system. Here skills has no form of paving winning to anyone whereas even an inexperienced gambler or a total novice can count it a winning as a nature of grace of luckiness.

Bitcoin trader as implied is as basically venturing into investment which as an expectation to make incomes and not to win as that of gambling.
Bitcoin trading as investments profitablity is not based on interpersonal skills nor relying on luck as that of gambling instead taking advantage to explore in Bitcoin investments is primarily depended on its investors ability to exercise patient due to the volatility of the Bitcoin as a measure to determine the faith of its invertors on whether there is a depreciation or appreciation in the Bitcoin markets.
However, there is no total lost in Bitcoin investments as that of gambling instead there is a depreciation of stake as capital investment yet there is every tendencies to bounce back to a great hills but dependent on time factors

I don't see any tendency of a Bitcoin invertor being able to predict the Bitcoin rather the prediction is termed unreliable and unnecessary. You must not have to predict the Bitcoin market before you stands to win rather predicting right on Bitcoin would have you a more better chance of exploration but contrarily to gambling where one must have to predict rightly or employment of interpersonal skill chances in gambling.

The risk in gambling is differ from the risks in Bitcoin trading because the risks in gambling is left with options of winning or loosing while the risk in Bitcoin is pointed at the investors capacities of patients because the potential enrichment of Bitcoin is not leaned to coming in an overnight.
So... The risk in gambling has no benefitable part to play in Bitcoin trading.

A gambler can be anything, a good bitcoin trader, a blockchain developer, and even an investment banker. That you are a gambler doesn't make you inefficient in other areas. There is even a whole lot in common between a gambler and a bitcoin trader. Both involves risk management, analysis, money management and others. A trader may be gambling for fun that doesn't make him a terrible bitcoin trader or gambler. Just a little transfer of skills and improving on them if the gambler is moving from gambling to trading.

Let me first answer your question before I say other things. Yes a gambler can be a very good trader. He will not be afraid to trade again because he has seen risk in gambling so there is nothing to be afraid again. Gambling and trading are of two different things all together. In gambling if it is in sport betting, you place your bet and wait for the game to to finish and see the outcome of the bet and in that process whole waiting for the game to end you can trade. The gambler can set time for his trading.

So within one to two hours period you can place a trade of twice or  thrice while waiting for bet. A gambler is a risky taker so it will be easy for him to trade. A risk taker is not afraid to take another risk which will make him happy. Traders and gamblers take a well plan risk. Like most of the gamblers in this forum are traders are well. And personally I have traded in the time passed and also gambled though all the two did not favour me but that doesn't mean I will not do again. It is even better to trade and gambling. Trading gives instant profit while gambling gives instant and long term income.

Gambling and trading are not the same thing, although both have to do with prediction. In gambling, you are not always certain what the outcome will be; if the outcome is as you predicted, it's your good day of luck, but in trading, if you handle it as if it were also gambling, what you will likely experience is more loss. A gambler can be reckless, and they end up losing more often. If such reckless gambling methods are being practiced by a gambler, sure, there will be more losses, but if you trade with caution, acquire all the necessary education about trading, and develop some trading strategies that work best for you, you will make more frequent profits in trading than in gambling. The only thing is that in gambling, you can get a huge win abruptly, but before then, you have experienced countless losses too.

Gambling experience might have an added help about understanding the risk in trading.

But I won't call or consider that gambling experience as an advantage because even both gambling and trading are risking money in general, the approach is different because of a simple reason that both don't have the same environment.

Gamblers can be a good trader, that's always possible. But they will become a good trader not because of their gambling experience but rather these gamblers are really just good and serious on to make their trading goals success..

We are all aware of the risks involved with trading and gambling. All a gambler needs to do is learn how to trade, and a trader can also choose to be a gambler. There is no reason why a gambler cannot also become a trader. The risk factor is the sole similarity between the two, other than that they are both entirely different from one another. You can learn to trade if you're willing to take a chance and learn the necessary skills. In my opinion, analysis and prediction are the foundations of both trading and gambling, if you are correct, then things will be in your favor, and if you are wrong, then you will end up losing money. If you are interested in the two then you can go into it.

You don't have to rely on gambling as your source of income, you should take advantage of gambling profits whenever they arise and you shouldn't have any defined goals for how much you hope to make from it. Just gamble freely and use the winnings to take care of whatever issue you happen to be facing at the time. How will you be able to make money to gamble if you don't have any other source of income? And how will you get money to keep playing if you lose everything you have? Gambling should only be done for enjoyment, and a gambler should have a primary source of income. You don’t have to plan for the money you haven’t win.

In trading the main difference is planning losses, you have to predict the scenario where the trade does not pay off and you cash out.  Not many people plan to close out their bets live if the score line doesnt go their way, perhaps they should but that seems one of the main differences to me.    Alot of bets are all or nothing, either I win or not but a trade isnt done this way usually and time is a factor it could fail now and work in december and be the same trade mostly.
   Trading can be classed as a gambling loss for taxes which can mean its considered a kind of leisure, however if you continually make money the tax return would be different.  This varies alot, some countries ban small players from trading but not betting; finance can be massively more regulated and restricted requiring licenses to trade..

There is a big difference between gambling and trading and at some point, we have to accept that fact and be cool with it because gambling is based on entertainment while trading,, on the other hand is for profit making and that is why most of us separate both from the beginning in other not to make that mistake of taking gambling most especially to means a means to earn ends meet and for sure a lot of us have seen some elements in which make both trading and gambling to look the same due to some risks level that is exhibited by both, but that is not a enough reason why we should call both a being same because the is and are differences in both.
Bitcoin is just a currency that is used for both activities but it doesn't add anything to the possibility of combining the two acts to make them fall in one fold in some cases.

The risk of gambling and Bitcoin trading is different. A gambler will lose all if he fails to win but this is not the case in bitcoin trading. In trading, you will just lose part of your money and not all just like gambling. It is important to note that there is a huge difference between trading on bitcoin and altcoins. Some altcoin trading is typical gambling because many of them are worthless and highly volatile. Altcoin traders can lose all their money within a few minutes just like gambling.

Bitcoin trading is not based on luck. Trading requires special skill or expertise to successfully navigate the sector. Traders engage in diverse analysis and evaluation before they place trades. You are bound to lose all your money if you depend on luck while trading. But in gambling, you can win big by copying someone's bet and you might just be lucky. In some cases, luck might manifest in trading but it is not a key factor like in gambling.

Both of them are risky but gambling has more risk. The similarity between them is that both gamblers and bitcoin traders are all risk-takers. A gambler is already used to risk so it could be an added advantage in his ability to manage trading risks.

We k ow that there is a risk among the two but a gambler can do the both. Though the burden of involving on the two might not good for the gambler because you have to think and if you are playing games and the same to time trading altogether, it might not be good because you will be thinking the two risk at the same time and in this scenario you have to focus on one side so that you can do well but whereby you are involved in the two, the out might not favourable. Therefore you have to drop one and focus the one that left. That is you have to do one a day and there other one in another day with that I think you can manage your stress. The risk for the both can be managed if you split the days to gamble and trade. Don't do them in one day but in separate days.

It might sound amusing, but the truth is simple, unless you give it a shot, you won't know if it's a good fit for you or not. Whether it's gambling, trading, or any other pursuit, experiencing it firsthand is the only way to determine if it aligns with your preferences.

With that said, people should be free to try different things... people should be free to spend some money and discover all sorts of things around. Some will bring profit, some will be total losses, but in the end, it all counts as experience.

Advantage? I would say the quite opposite for me it’s a disadvantage to go from gambling to trading. Both things may look similar and share a thing which we call risk, but in reality they go against each other.
A gamble has that desire of adrenaline rush and having fun while trading needs a lot of patience and studies with many things that would seem boring to a gambler, some people may also try to trade bitcoin or any kind of currencies or market, but most of them are only gambling with their money and clicking on buy and sell or creating random orders.
I have tried trading years ago, I learned few things about it and it’s the money management and a good capital money. While gambling doesn’t need any of that to start gambling.

Can you really learn that? I have my doubts to be honest.
There's so many people that call themselves professional traders that are so bad at trading that it really puts some thoughts in your head whether you can be consistent at this. I can even give you names. For instance there's this guy Gareth Soloway that I saw interviewed on Kitco and the guy is just terrible. He expected a lower low on Bitcoin since last year and a month ago he doubled down again expecting something like 12k when we were at 27k and we went from there to almost 38k since that. That guy is reading charts all day long, that's his job and he can't even do that one thing well.
You can be a good trader if your definition of trading is: sometimes I win, sometimes I lose. So you basically accept that it's worse than gambling and you have no idea what you're doing.
To be honest, I'd rather play poker with you than trade bitcoin.

Gamblers make money for casinos and traders make money for exchanges. In the end, it is the investors that win. Everyone thinks they can beat the odds but the truth is that if you’re trying to build wealth you don’t bet it or trade it, you add to it. That involves patience and stacking investments that appreciate.

I have myself read some articles about gamblers getting into trading. Specially there was some study made by researches about this topic, they gave some money to experienced gamblers and allowed then to trade using cryptocurrency on a centralized exchange (like Binance or Coinbase) they reached the conclusion the average gambler is not actually a proefficient trader and most gamblers have a negative expectation to make money out of trading.

To me it makes sense, why? Because a successful trader is supposed to be able to analyze cues and patterns in the market in order to reach a reasonable course of action and set their position. On the other hand, gamblers are not accustomed to analyze anything before setting their positions in the market, so they have less chances to profit off of it.
A trader who is good at it, may see a bull or a bear flag easily, while a gambler sitting on a computer and trading won't even be aware of the flag he has in front of his face

Gambling and trading is two different activities.  One can excel in trading while making gambling as his past time for entertainment.  With a person who has the courage to gamble and take risk, it is even advantage in trading since that person can can have a strong heart to face risk and be able to accept and learn if his trading fail and move on.


Not because a person is gambler, he cannot assess the risk involved in trading.  Please take note that gambling and trading are two different activities.  A person maybe not assessing risk in playing in a casino and other gambling platform but we cannot assume that he will do the same in trading.  As long as the person can differentiate leisure(gambling) and business (trading), he will be able to do things in trading efficiently.

Nothing is impossible as long as a person has a strong desire and is willing to try.
In trading Bitcoin, we are required to have in-depth analysis techniques, strategies, knowledge and in-depth understanding of the market. Meanwhile, gambling only relies on luck and skill. However, there are quite striking similarities between the two, so that our gambling or bitcoin trading can run safely, we are required to have good self-control and finances, so that we will be able to avoid significant losses, big losses in both activities.
So as long as someone has good self-control and financial control, also has a strong desire and is also willing to try to learn the world of bitcoin trading in depth, then it is not impossible that someone can trade bitcoin well, regardless of one's background. he is a gambler.
However, it needs to be understood that when trading Bitcoin, we cannot rely on luck like gambling, so we must have the ability as I mentioned before.
And we also need to know that there are some gamblers who trade after getting a big win from their gambling, and they do this to prevent their money from going back into gambling.

Yes, definitely.

That's an advantage that a trader is already a risk taker and more than that because of gambling. The advantage is there but the results will still vary on how good the gambler is in Bitcoin trading or any market that he's going to trade.

If that gambler learns how to be a good trader then that can be his next hobby and instead of gambling, he'd do trading. But another concern might spark because the gambling attitude is there and what if he makes money off trading and then the profit there will be used to gamble?

That won't make sense but it's possible to happen and is happening IRL.

Like you have said, both gambling and trading require risk-taking, so anyone who is willing to take that part can do either of them. A good gambler can also be a good trader, and a good trader can also be a good gambler, but having knowledge and ideas about the other one does not qualify you to be experienced in the other one.
 
What matters in either of them is time and dedication to learn which one you want to focus on. If you are a good trader and still want to get involved in gambling, what you just need to do is make out a little time since you already have a little experience in risk management and focus on how you can make good predictions and wagers at a reduced cost and risk in order not to lose too much. Gambling and trading require different kinds of skills, and for one to partake in any of them, you need to acquire the required skill to fit in.

I think that someone with the mentality of a trader can be a good gambler, but someone with the mentality of the average gambler will make a bad trader, let me explain myself, traders by the nature of their jobs have to evaluate the risk they are taking, so when given several bets they will take the one they evaluate as the less risky and the most profitable, but a gambler is used to take risks regardless of how high they could be, and this is a huge mistake when trading as it is in those instances in which massive losses can be accumulated.

If you are a gambler on whose tending to touch up the world of trading then risks taking wont really be that an issue unless if you are a gambler whose really have that good risks management and not to those people who are really that addicted or impulsive into it. The advantage on that being a gambling then touching up trading is you do know on how to balance up the risks but there are cons
into it on which on the time that you are really that dealing up with trading then you shouldnt really be having that kind of gambler approach. You would really be finding it to be that
so problematic if you do tied up gambling with trading.It must not because trading could give out better results if you are really that just that know on what you should gonna do.

Of course he can. Both activities are more or less gambling after all.

It reminds me of that thread where people talk how much luck vs skill is in gambling. Some say it's all luck, others it's 50% and it's the same when we talk about gambling and trading. How much gambling is there in trading? I'd say it's 80% or more. The other 20 is skill combined with experience but you can't profit from that if you don't have luck.

Don't mix trading with investing. When you invest like we do in crypto we identify projects that are worth our time and money. This doesn't require luck.

Just pointed out that, in my opinion (and probably in the opinion of those who did the research) it is easier for gamblers to lose money while trading than actual traders. It is not necessarily about a person who gambles being able to differentiate leisure from business, most of people can do that, it is rather about the fact trading requires some skills and knowledge which cannot be acquired in a day or two. The gambler trying to trade for the first time will understand he is supposed to buy at low price and sell at higher prices when he has the chance to do so. But will he be able to read the charts, draw the lines and identify the patterns as an actual trader would?
On the other hand, you can give a hanful of satoshis to a trader and tell him to go gamble, the results will completely depend on his luck and nothing else. That is the difference, though I must be clear and say I respect your point of view, even though I do not completely agree with it.  ;)

I disagree with this. A trader is based on technical analysis, or, in short, more on technicalities, and you said that they can be a good gambler? No, gambling is mostly about luck. How can a gambler apply its technicalities? Maybe in some games because traders can distinguish the risks to take or not, but not all the time because most gambling games involve other people, such as their opponents or the middleman who operates the game, while in trading only the trader and the market. So I disagree that a trader will be good at gambling. Yes, maybe, but don't say that you need to be a trader to be good at gambling.

But being a gambler doesn't mean he doesn't have a chance to be a good trader; if he or she spends time and effort studying trading, then I think he or she can be good at it. In short, the context of being a good trader and a good gambler will depend on the person itself.

Of course he can, but it doesn't follow that since he is a gambler he is also a good Bitcoin trader. Anybody can be a good Bitcoin trader, but what it takes to become one isn't just the courage to take risks. The willingness to take risks may be necessary in trading, but it doesn't determine whether your position is right or wrong. That courage may give you profit but it may also give you loss. That's true in both gambling and trading. The ability to come up with a sound analysis is the main thing in Bitcoin trading.

Well, let me analyze this in this way a trader can be a good gambler while a gambler may not be a good trader.

Now you will be wondering how this is possible. Well, trading teaches you a lot of things and one of the major tools that you get with trading is to control your loss (through Stoploss or other means). Trading teaches you money management also. So when a trader will gamble, he will use that experience of him and may not lose more money.

Yes, the outcome of the gambling will be luck based, and the trader will have no edge on the result of gambling but the trader will be more concerned about the amount of money to play each game, to calculate the loss and the profits, the risk and the rewards when taking the sports bets and all such stuff. That is why a good trader can be a good gambler too.

The advantage of being a gambler is there when you trade and I think it's not all about the balance of the risk that you're taking. But it's about how much risk you can take.

So basically, there are calculated risks that you can do and the risk that you can mitigate through your experience as a gambler.

But most likely, it's just all about your guts being a gambler and no matter what risk you take into trading or holding Bitcoin, it's gonna be nothing to you.

Agree! I dont see the connection but rather it would really be the worst because if you are a gambler who had just recently touched up trading or decides to go with this kind of venture then risks taking or factor
would really be there but the level or on how it should really be handled out will really be different. If you are a gambler then you would really be having that gambling approach as well towards trading
and this is something that it isnt recommendable on doing so because risk management will really be that so crucial or something which is really that important on the time that you do trade. You cant really just that make yourself that making decisions without any proper planning and analysis because if you do take up with that kind of intuition kind of approach and selecting basing into that then most of the time you would
really be ending up with those losing trades.

If you are really that planning to switch up into trading and you've been a gambler then better to minimize that kind of risking things too much.It isnt necessary but something not
bad to have either. Everything should really be in control if you do want to sustain on things.

You have a distorted view of how the stock market works, or at least compare random rookies who throw a lot of money at the casinos with the casual traders who saw wolf of wallstreet and throw away thousands before figuring out it isn't easy. There are actually professional traders and legitimate strategies to grind out a fairly large, ever growing fortune from the stock market with just a bit of research. It's not a roulette wheel that many movies and the media make it out to be, but it is easy to throw away large amounts of money if you are greedy. In that sense it is probably similar. Casinos often require zero talent to play, especially things like slot games, however the financial markets require intense knowledge but can be mastered.

Op, I will answer this question from the angle of being the kind of person from the question which you asked. I'm a trader and I trade Bitcoin and also do the investment side of Bitcoin, then when it comes to gambling I'm also involved in it because I was into betting already before I joined Bitcoin trading, and as I'm telling you right now I do both,  therefore all depends on what you are capable of doing, if you can do gambling and trade Bitcoin too then go for it, there is no bad thing in doing both.

The experience of taking risk will never be an added advantage to him but instead is going to lead him into blowing his trading account because he could be aiming for higher return which he could end up losing his money.

The only advantage I saw there is the ability to understand what it means to risk and being able to accept every outcome of it. The truth is that weather a gambler or not the need to undergo a trading school is very important because it teaches you all you need to know about trading, such as the fundamental technical analysis, the risk and how to manage it.

Gambling and trading are two different activities. You can be a profitable gambler because you are more than lucky, while you can be a good trader because you have the skills and strategies to win over your trades. But if ask if a gambler can be a good bitcoin trader, of course it's always possible. As long as you have the knowledge and skills to conduct trading and never go against the market condition to trade, then you're good to go. But don't expect for consistent profits because trading has its also inevitable losses that even professional traders have their own time to lose on their certain trades.

However, if you are a reckless gambler and still do the same thing with trading, then never expect that you will be successful in your trading career. Trading needs more of your focus and concentration, so you have to put serious efforts on trading since luck alone will never work in trading.

Those are two different things. A trader puts a lot more than just risks or bravery when doing trades. They also put in their experiences and analyses on bitcoin trading and holding it. Whereas as a gambler, most of them act on gut feeling or, if it's on sports betting, the knowledge that they have between the teams that will play. If their analytical skills were honed and practiced enough, I guess you can say that the gambler will, in time, be capable of bitcoin trading, but not a good one at that yet.

I've come across people who have switched careers from A to D, and it's not an easy transition but rather a slow and gradual one. If the gambler really wants to be a bitcoin trader, he can do so provided that he keeps the consistency and the drive alive.

Your case is a perfect example that a person that understands risk management can perfectly gamble and trade bitcoin. I believe that your risk experience in gambling before starting bitcoin trading, must have prepared your mindset better when you were starting out the trading. Now you can combine the two without much stress, but I doubt that the  same thing can be said about a person that enters trading without any risk experience. Although without any prior experience of risk, a serious person that enters bitcoin trading can Learn on the job.

As you have said, it all depends on the capability of an individual, some can combine both, like you, some can only focus on one to minimize risk, while others will not consider either of them because of the risk factors in both.

Personally I think that for someone to make it in life, that there must be a sort of risk, no matter how minimal that you have to take. The level of risk varies, depending on what you do.

In my opinion, what is correct is that a Bitcoin trader can be a good gambler because he is brave enough to take risks, and being a trader means he is used to analysis and he will be quite good when gambling on sports betting because he will be able to carry out the analysis carefully even though what is being analyzed is different when trading and gambling.
Meanwhile, it is difficult for a gambler to become a good trader, especially when he is used to playing games based on luck because there is no analysis or skill required so he can apply his trades only based on instincts that may be right, but in trading, it will be difficult to make a profit because a trader does Analysis alone can result in losses because it is not in line with market direction, especially if it is only based on instinct.
Both of them are just experts in dealing with the risks of these activities.

It's dangerous to say yes, because it's all about the mindset, when you set your mind on gambling I don't think that anything else will matter to you, bitcoin trading requires some patience and chart reading but gambling isn't like that and trying to do the same will interface with the other, I don't believe in this strategy because it's generally a bad idea.

If you haven't been addicted to gambling its easier not to know how it feels like, gamblers are in for quick money, majoirt of them are gambling because they can make money fast but trading is all about patience, one can't go with the other because they are both opposite of each other.

If you are good at trading do not confuse yourself by becoming a gambler, stick with trading as it's more reliable than gambling, doing both together will make you a bad trader as your focus will be lost, gambling is very distracting, don't get involved unless you know how to handle it's addiction.

It depends on each person because there are not many like him. Most people will tend to indulge in gambling more often than trading, causing them to experience huge losses rather than gain profits from trading. They must really introspect themselves if they have experienced losses in gambling and must try to reduce their gambling activities so that they can focus more on trading to make more profits.

If someone can trade more often than gamble, they will have more time to try to make a profit from trading rather than using their money to gamble. They will value the money they get from trading more so they will try to spend less money on trading. But if someone cannot control themselves from gambling, they will start to reduce their trading time and will gamble more often than trade.

There's no need switch though can be done at the same time. But if a gambler decides to leave one for another and that's gambling for Bitcoin trading, I don't think that there's need to choose.

Yeah, like what you have said. As long as you are in control of what you're about to do, that's it. Whether it's in gambling or with Bitcoin trading, that's all what matters.

If you're a good gambler it means you have a good self control, that's it.

While become a trader, it needs more than a self control, you need to learn how to draw line, how to read the chart, trend, and macro economic news, if you trade using two volatile coins pair e.g. BTC/ETH, ETH/SOL etc, it will become harder since you need to make sure if the coin/token isn't scam or pump and dump.

The answer is yes, but it's like start from scratch.

Become a good trader before you start gambling, at least if you lose money you have a way to get it back, but I think it's not safe to be a gambler and later decide to start trading, you will need to stop gambling first or you will start mixing feelings and emotions, and that's something you don't want to do with trading.

I can't imagine myself becoming a gambler first, I would have probably done a lot of wrongful things and it would have cost me a lot of money, maybe even became an addicted gambler, it's the most easiest thing to become if you so believe that gambling is meant for you, an addicted gambler is a walking time bomb, and when that time is up, to start making money from anything else will be the most difficult challenge ever.

If you are a gambler it will be hard to do something else that have everything to do with patience and time, gambling messed up this idea from your mind, you will always chase after quick answers and quick way of making money, it's better to have a source of income first before you start gambling, knowing how to trade is a good way to start, it's a good source of income if you are good at it, and from there you can start doing something else.

having a solid startup in the financial world is better for you, either learn a skill or have a business before going into gambling, it will safe you from a lot of wrong decisions, a beginner can easily find it's way if they are learning a skill just to make money but a beginner can end up losing his mind if he start is financial goal as a gambler.

Your question reminds me of one of the sources I once read about The Difference Between Cryptocurrency and Gambling. (https://insightssuccess.com/the-difference-between-cryptocurrency-and-gambling/#:~:text=The%20Difference%20between%20Gambling%20and,of%20money%20as%20you%20do.), which states the following.

From my understanding of trading and gambling the reason is that it clearly mentions mathematics and cryptography for trading activities while gambling refers to betting against the casino house, these two factors are clearly different issues from each other, in essence: People involved in Bitcoin trading and gambling are different actions, they cannot be equated or labeled as both experts in these activities, gambling experts may not necessarily be experts in crypto trading and vice versa.

Gambling and trading are two completely different things and gambling depends on a person's luck but training depends on experience and a skill. And yet there are huge amount of gamblers who don't use Bitcoin or don't know about Bitcoin.  Most of the gamblers don't like trading because they always get an instant result of profit or loss from gambling but trading requires patience and long time analysis which is very difficult so I don't think a gambler is that much.  Will be willing to suffer. So I don't think a gambler can be a bitcoin trader. but a bitcoin trader can be a gambler it is easy for them but it is not easy to be a trader from gambler activity

A trader can turn out a good gambler but a gambler can never turn out a good trader because they are both using different approach but unknown bro a gambler he may be tempted to think since they are both taking risk, they are doing almost same thing until they probably venture into trading then they may understand it's totally different if you want to be profitable.

Trading requires skills and some good level of discipline which in most cases most gamblers lack so if they happen to get into trading, this habit they already have wouldn't allow them well enough to be able to trade profitably because they may most likely approach it like gambling since they both speculate. When it has to do with Bitcoin trading, a whole lot of patience is very much required but gamblers seem to lack it because with gambling they get almost instant results.

I don't think so, there is a big difference between a trader and a gambler. The first difference is their type. A gambler may win a bet and multiply his money but can lose the entire bet. A normal trader sometimes has to invest over a long period of time whereas a gambler can determine his gambling wins and losses over a period of time. There are several strategies of trading that also require a lot of skill. However, luck is an important part of gambling, although it sometimes depends on different analyses or skill. If all the analyzes are correct and if the luck hostile, there is no chance of success in gambling. In that case I agree with traders who can be a gambler but it is more difficult for gamblers to trade.

I take risk every day when I am driving. I take risk everyday when I decide to invest in a business or in a property but will this make me a good stock trader or with the risk I take while driving makes me a good pilot based on experience in risk-taking? The answer is no though on the surface the experiences may seem similar but if you dig deep within you would see that they are more different than similar. A Gambler cannot be a bitcoin trader. Trading requires more specialised skills and emotional intelligence than gambling despite the risks taking activities involved in them. Any Tom Dick and Harry can be a a bitcoin gambler within a couple of weeks  and may be luck yollto win some good money but none of them can be a trader within a couple of weeks.

You should understand that we have different types of risks, and you can not categorize all of them together. There are minor risks like watching left right and left again before you cross the road, being careful when tour cutting with a knife. Foolish risk is jumping into a lagoon to cool off or trying to save a person that is being electrocuted with bare hands. There are many m other types, but I'll focus on financial risks. I agree that bitcoin trading requires special knowledge, but still this professionals lose their coins in trading despite their accurate predictions of the market, why?  Because just like gambling, they take risk without knowing the outcome of their trade. So luck plays a part too in trading, despite the trader's ability to read charts, he can still lose. In that regard you can say that the bitcoin trader also gambles. The difference that I see between them is that a bitcoin trader needs to diligently learn trading while a gambler might not need any special skills to gamble, but they both face similar risks.   

There is still a possibility that a gambler can become a trader, especially if he is a gambler who only gambles sometimes. A gambler who can minimize the risk of losing in gambling will probably also use methods that he knows in order to minimize the risk of losing in trading. A gambler can also learn the analysis needed to trade, and this is about his willingness to choose which is more profitable for him. If he sees he can have a greater chance of making a profit from trading, he should prefer trading and start abandoning his gambling. But a trader can indeed become a gambler when he cannot analyze the market, so he trades only based on his instincts or carelessly. That doesn't guarantee he can make a profit.

There is no assurance that a gambler become a good trader and this is why...

With their experience and risk level, we can say that they already have an advantage but it is not just all about experience, it is also about proper management, knowledge, and skills. They could be a good trader if they stopped gambling and focused on their trading journey but if they did not do it, it was useless as they were still about to lose their money.

It is actually not because you are a gambler, you are good at market analysis or good at all ways of trading. Well, you can gain success if you really want to become a trader and forget about the idea of gambling.

I agree that A gambler can become a good bitcoin trader. I agree that bitcoin trading requires skill, expertise, and emotional intelligence. Being a gambler also requires the above factors. Taking risks is an advantage for gamblers. Their psychology will be stronger than those who cannot take risks.
Bitcoin trading has similarities with gambling, which is risky. Its high volatility is also high risk. It is even more intense than gambling, so risk tolerance is essential for a trader. Of course, I would not agree with a gambling addict to become a Bitcoin trader. They will treat bitcoin as their gambling.

Right, and I can just add that apart from being a good gambler that you say has self-control, it also turns out to be a responsible gambler, right? It's just like you mentioned that I also believe that being a gambler in the crypto space is a different matter compared to being a bitcoin trader.

Gambling is because even if you don't know anything, if you are lucky enough to play, you can get a profit in any casino you enter, while in Bitcoin trading, it is not like that; instead, you really have to learn and study it to get a profit, which is stable or passive income, as that can be said. In short, this is a bloody lesson that is not easy.

I think you're only considering one perspective when you compare trading Bitcoin to gambling. Perhaps you view Bitcoin merely as a means of daily trading to turn a profit and overlook the investment aspect. In this regard, it's not appropriate to compare the two, and applying a gambling mindset to Bitcoin investment is entirely incorrect.

If you regard Bitcoin trading as a form of gambling, I believe it differs significantly from traditional gambling. In trading, there are many bases and analytical methods available for us to rely on to make informed decisions, unlike the reliance on luck often associated with gambling.

Can be? Sure. I mean are we strictly talking about talents that you gain while gambling ending up very helpful for bitcoin trading? I am not so sure about that part. But, there is no mutually exclusive thing about being gambler and being a trader. You could be a good trader just like how anyone else becomes a good trader, and you could also end up being a good gambler at the same time, very separate things, and not because of one another.

If you think that being a great gambler, or just being a gambler, could help you with trading then yes you are wrong and those two things have nothing to do with each other, but that is a special thing and you should keep remembering that, there is a big deal about that for sure.

Gambling and trading are only related in terms of risk, aside this, gambling is different and trading is different, and this is because, for a person to become a good and successful trader, he or she must learn how to trade, it is a mandatory process one must go through, even if trading still have something to do with luck, over all success in trading is completely dependent on the level of knowledge the trader acquires, and is operating on.

Unlike gambling, in gambling, anybody can wake up any day and anytime to become a gambler, there is absolutely no need to go through in form of training to become gambler, which makes gambling a complete luck based activity generally.

So, on the question of whether a gambler can become a successful or good trader, the simple answer is, Yes, and this is if the gambler learns how to trade and become good in it, risk of gambling can not help the same person become a good trader, for trading is completely different from gambling, the experience are not the same.

I quite agree with you that people can actually be best at two things all together. For example, someone can have two different skills and they will actually be best at doing the thing they know how to do best, but in the case of gambling and trading, I feel the gambler might actually trade so badly on the approach that they may just think that trading prediction is just like that of gambling, where they just need to guess what the results will likely be, but in trading, one needs to actually take his or her time to analyze the market before they can make a prediction that is likely to earn them profit. Please note, @el kaka22, I am not trying to prove wrong what you said, but all I am just saying is that people are different; what works for Mr. A might not actually work like that for Mr. B.

While that's true and everything can be learned on your way and that's what you just have to remember. Being successful is what everyone is achieving of whether it's with gambling or with Bitcoin trading. But i think it's a different thing with trading, it's like that you're having the feeling of more successful on it when you win your trades.

And that is because you're applying more strategies and principles to it to win such trades. Not just all about luck or what not and you have to analyze what you do. That means that whether you're a good gambler, you can also be a good bitcoin trader. But it doesn't make sense that if you're not going to learn or study what you do.

Because everyone who has become a good bitcoin trader came from nothing to something. And gambling is like your extra session of learning trading because of the logical thinking that you can get from there through taking and managing risk that you are able to.

To trade successfully you need to have a very cool head and it is not an enjoyable activity like gambling because it may lead to much self-confidence which is not advisable.  I am not sure all gamblers fit into the definition of a good trader in that sense, but some of them, those who play poker or games of less chance may have the right attitude to learn and be successful in trading.

Exactly. I've seen over the years people on poker forums say they switched to trading or a combination of both. Especially when the poker tables started to get tougher, the houses started to give less rakeback to the regulars and in general poker became a less profitable activity for the same amount of effort. There is even a parallel in that it is only a small percentage of traders who make money in the long term, like 5% depending on the type of trading or if leverage is used, things like that, but it is also similar to the percentage of winning poker players, which also varies depending on the modality.

There are many Bitcoin traders who are gamblers in crypto gambling, and most of them can also be said to be responsible for what I see and what I have noticed. Until now, they are still there in crypto gambling, and they are still very active.

And I also know that they also have deep experience as Bitcoin traders. As far as I know, I won't mention their names because they often give good advice on either gambling or trading.

Everything is possible of course specially a gambler to become a trader surely he is immune to risk and losses that can be use as tools to learn more in trading.
but the problem here is that if he is really willing to learn to trade because in this area there is a lot of need to wait and I believe this is the difference between gambler and trader , most of gamblers wanted an easy betting and result but sometimes in trading needs more time.

exactly , that is also what i pointed , that the need to be calm and waiting , in which gamblers mostly cannot do and why they are hot headed in most time .

The gamblers that enjoy a game like poker or that are card counters in blackjack have bigger chances of becoming a good trader as they are already used to think strategically about how to risk their money, something the average gambler does not have as they just take risks without thinking about the consequences of their actions, however that is not really enough, and if someone really wants to become a good trader they need to study the markets, just like any trader that came before them.

Yes trading bitcoin and gambling are quite a different thing and require different exposure, knowledge or idea and with different operation though the challenges are the same like the risk of losing and the benefit of profit.

However, they are chasing same goal but differently.

Whether someone can do both, yes. It requires understanding of both differently. Whether trading bitcoin or stock, fiat etc they require trading skills while whether you are gambling of soccer game, slot, poker etc, they are all gambling and we agree they require quite some degree of luck.

As long as he knows and applies the principle of only investing what you can afford to lose then we can say that a gambler can be a good trader, the principles both apply here, a gambler can be a good trader not because he is good in analysis but because he knows how to manage his funds to cut his losses and to add more funds if he sees a favorable trade.
There are traders who shift to gambling and there are gamblers who shift to trading and have no problems familiarizing the terms and principles of each other niches.

Yes, it's easy to be a good trader even as a gambler, but make sure those who become traders don't use crypto to gamble and always set aside money for investment in either crypto or shares. There's no difference, the point is don't become a gambling addict because it's difficult to become a trader because of the gambler's greed. will not make someone become an investor, let alone a trader who will definitely drain all the money into gambling.

As a gambler, you have to be wise in controlling your money, for example, if you have time to gamble and trade, your emotions don't clash when gambling and have an impact on trading. You should always limit your gambling budget so you don't spend a lot of money, especially money in stocks and trading. Everyone can be a gambler. traders, even if they are gamblers, as long as they are not gambling addicts, everyone can trade.

Yes, without a doubt, as wasting money on gambling carries a greater risk than bitcoin investment. As a result, even in the case of bitcoin, which some people are afraid to invest in, you cannot invest your money and begin losing it right away; instead, you must wait for the market and exercise patience. However, if you gamble with your money right away, you could lose it immediately you can even leave there, Therefore, I feel that gamblers would have experience with the loss and risk associated with bitcoin, through gambling. However, I also think that gamblers will do more research on the cryptocurrency, most of them are not interested in trading because they would rather make quick money.

Yes because of the common factor that they both share which is risk, the only difference is that the bitcoin trader studies the market before trading, while a gambler most times depends on luck, but in the end both of them can not know this outcome of their bet or trade, until the result comes out.

I know that a lot of arguments have arisen from this topic, but inasmuch as they have key factors in common, which is risk taking, a person that gambles can not be a total stranger to bitcoin trading, likewise
if a bitcoin trader that wants to try their luck in gambling.

Gambling should primarily be for fun, while bitcoin trading is all about business, this is one area that separates them, although we have some professional gamblers too.

Yes of course if the gambler is a responsible gambler who knows how to analyze and accept the fact that you should invest or trade what you can afford to lose, but gambling compared to trading there is an element of enjoyment, I tried trading in the past and I hardly enjoy it, although both have an element and expectation of profit on trading, I hardly enjoy it, so we can conclude there are part of trading that is similar to gambling and there are part of gambling that you cannot find in trading.

You should invest your money in bitcoin or trade bitcoin, where you can get bigger returns compared to gambling. The opportunity to profit from trading and investing can come many times, especially if he has good analytical skills. Using money to gamble can also give you a win, but there is no guarantee that you can get it many times, whereas in trading, you can get that opportunity. Everyone who wants to get into trading should learn more about trading because it has conditions so that they can make a profit. If they realize that there is no way to make money fast, they will try to learn it first until they can and then try. But they should start trying out trading to see how good their skills are at making profits.

Definitely! Especially if the gambler chose to become a trader and get dedicated and disciplined to it. I believe they will even have the edge becuase of their risk management. If they were able to manage their finances in gambling, what more in trading? Maybe sound decision making in trading often involves more analysis and strategic approach than gambling but it will help. Also relying  on a gambling mindset alone may not provide the necessary tools for trading but it can be a wise approach if you use some gambling lessons :)

A great topic to think about the general features of these classes - trading and gambling. I do both, and therefore I believe that I have useful experience, and I can also share it.

Trading implies technical analysis, these are support and resistance levels, as well as trends. I believe that all this works for the benefit of predicting the future course of the cryptocurrency price. It is impossible to get dependence from this, and the outcome is not as obvious as in a casino - you can just keep the cryptocurrency in the hope of its growth if it suddenly fell.
And in the casino, the result is unambiguous, and there are also a lot of emotions, so you can get addicted. Casinos are more dangerous.

True that. Principles and discipline. In gambling, we should know when we are losing and we also when profits are already received we just have to pinpoint where to stop. The same goes for trading, detect how much the losses are, don't try to be greedy and chase the losses in one trade, do it slowly but surely. In winning traders became more careful with their profits and I think gamblers should learn from that.
The house will always win in gambling no matter what so we must be more careful unlike in trading where we are the ones who are in control, not the exchange or the trading websites, they are only there as a platform taking some percentage through trading fees but they are never against us. It's another person who is on the other side of that buy and sell options.
A trader can be a good gambler and I think vice versa works as long as the gambler is fully ready to manage his funds in a different way.

I think the answer to this question literally varies from person to person because it is possible to answer yes and no simultaneously.

Yes, because a gambler who gambles disciplinedly and has experience in risk management can be successful in trading by maintaining a similar discipline and risk management.

No, because a gambler who doesn't have any discipline and cannot manage risk well will most likely not be able to maintain discipline and risk management well and will not be successful in trading.

Although gambling is completely based on luck and cryptocurrency markets are partly based on luck, they both have common features such as risk management and being able to trade/play in a disciplined manner. It is possible to answer the question depending on the conditions I mentioned above especially since risk management is very important in both.

Agree! You cant really be precisely be able to tell whether its right or wrong, yes or not! It would really be just totally depending on a certain individual on how he would really be dealing up or assess things.
One things for sure  that there's no way that you should really be acting like a gambler when you do gamble.Yes, it does impose risks like on doing gambling because in every orders you are making you could really be able to need up that kind of risks taking or something that do speak about gambling like situation but of course there would really be those main difference among the two in speaking about the risks level.
In speaking about becoming a good bitcoin trader then it would be totally different if we do speak about those capabilities or on how you should be learning. If you do tend to learn up trading in a gambler
like kind of approach then it would really be just that your choice but sooner or later you would really be able to realize on what are the things should really be done for you to sustain.

Trading and gambling is totally different or literally on how things been done. They do only become that similar if we do speak about risk taking but the levels
are actually or obviously that different plus we know that one is for fun and one is for real business or investment.  :)

A gambler can be a good Bitcoin trader, as long as he doesn't just bet based on luck. If he only relies on luck like he does in gambling, then that's not possible. Because, trading may be similar to gambling where we don't know what the final result will be like. future. However, trading can be learned and it does have knowledge, strategies, and also several factors that can influence our results.

Trading can be like gambling if we don't have enough knowledge and just rely on luck to win. So, we really have to learn the knowledge so that we can apply strategies based on the analysis we do. Not only that, trading also requires good financial management and emotional control so that whatever happens to the market, we can be wiser in making decisions. So, as much as possible we can avoid or minimize risks with certain tactics.

It can happen if you are a good gambler, because to be a good gambler you have to spend a really long time, have a certain amount of experience, and also do good risk management. All of these can be useful in bitcoin trading. The cryptocurrency market is completely different, of course, we need to keep the two separate. They have things in common, of course, but specifically they are very different. You need to spend separate time for both and know how it works. The casino depends entirely on luck, if you are lucky that day you can win money. In Bitcoin trading, you make transactions with a lot of details depending on certain analytics or based on history, we can see that they are very different when we think like this.
​

Gambler can be good trader as long as he doesn't depend on the luck to profit out of the buy/sell process. Most of the time casino games are much dependent on luck, and the same strategy shouldn't be used with trading. With trading we need to have analytics as the sports betting and predict the outcome which could be more effective and brings profit. Trading becomes more effective when you keep learning more and more about the strategies, and different other parameters connected with trading. Rather than concentrating only on bitcoin trading we should widen our predictions with the altcoins. This way we'll get to know better about the market.

I am sure that almost all gamblers on crypto-based casino platforms have crypto investments, risk management between the two is different because crypto investments require high funds and risk management must be improved so that you don't choose the wrong coin to invest. However, luck in crypto can be predicted with analysis techniques and news support review regarding crypto updates but gambling is difficult to predict even in sports betting because the winning betting choice depends on the gambler's luck.

I think if they can manage the risk in crypto then they can also manage the risk in gambling, but if they fail to manage the risk in gambling then it will have a bad impact on crypto investment, I am afraid that many gamblers have damaged their crypto portfolio because they failed to maintain long-term investments.

There is some misconception of trading and gambling in your explanation, gambling and trading both involve risk but in trading you can still runaway from the risk when you are in doubt but you can't do that in gambling when you are in doubt expecting result, it will give you true of false. In short, in trading you can you use stop loss to reduce risk of market crashing but you cannot do that in gambling.

In addition, Bitcoin trader involves the understanding of the market and learning the indicators but gambling is not like that, you can't even learn gambling, individual opinions is what people risk own and if it's works, they withdraw the profits and enjoy and if doesn't it, which very bad thing to indulge on as a micro level.


When a gambler try trading the first time and gambly played like base on what he feels without putting others in contributions, it will take them 3 days to change from that lifestyle because they will lose everything before they know. A real gambler that loves trading will have to go and learn first before even checking for what trading is all about, what are the indicators to use and many more.

You can have that good risk appetite but still, in trading you can still lose big especially if you don’t know what you are doing. Don’t ever bring the attitude of happy go lucky from gambling to trading because its too risky, in trading you need to exert more effort to analyze and that’s the only way for you to make good profit in trading by analyzing the market well. We know both are risky but in trading there’s a big chance for you to make profit, especially if you are doing your best to analyze.

The ability to take risks by a gambler I think is an added advantage when it comes to Bitcoin trading because sometimes it takes risky decisions for a trader to have big profits in Bitcoin trading but that's not a guarantee to being successful in Bitcoin trading.
In Bitcoin trading, the main factor to determine one's level of profits is be very good in analysing the trade market and to know when it it's best to buy and also to sell. So anyone who's good in analysing the market as well being a big risk taker, the person is very liable to be successful in Bitcoin trading

No!!!!!!
I see the opposite of what you said... Why would you expect someone that gambles all the time to be able to have the resilience to trade?? Talk more of observing the risk management proceed and accountability?
It's funny cus he's definitely gonna trade just the same way he gambles; selecting them lot sizes for multipliers and also getting into the market when he feels like... I'm not disputing the fact that he's gonna have the techs to analyze and use modest strategies, but he'll definitely lose everything and hope he gets back to his feet someday.

Sandra 🧑‍🦰

This is far from true my friend, even in Gambling analysis is very important, that is why gambling has some analysis tools used to be able to at least give you a hint of what the outcome and result might be.
Let's take for instance those that gamble on soccer, you have the leverage to check the strength of the both teams, their H2H(head to head) which is the results of their previous encounters and possibly their last matches with other teams. These informations help you analyse and gives you an edge to come up with a reasonable predictions.
So as much as Trading requires analysis, so does gambling.

Of course, trading and gambling are completely different from each other but they both have one thing in common and that is risk management. At this point, the main point I want to express is that gambling, especially games, is completely based on luck, sports betting is based partly on analysis and partly on luck but knowledge and experience are very important in trading. That is a gambler focuses on winning based on luck by managing risk well but a trader focuses on winning based mainly on knowledge, experience and a small amount of luck.

Of course, the most important difference between gambling and trading is that gambling is for fun but trading is for profit and make an investments. Of course, a gambler may gamble not only for fun but also to make money, however this person definitely doesn't have a focus on making money or investing.

The trading people will have the ready money for the deposit to the crytocurrency based gambling site.The risk management was in the gambling as like the trading,in trading the gambler will hold the money without withdraw to avoid of the loss.But here the gambler should withdrew the funds from the gambling site after the continuous loss.Because the gambler should not allow their bad luck to get all the dollars in the name of the loss.It was quite essential for the gambler to idenetify the withdrew time from the gambling site.The deposit to the gambling site also should be in the limited way for the gambler to complete the gambling deposit in controlled way.

You would really be able to tell the difference on the time that you would really be making yourself deal up with both things, just like been mentioned that it would really be just that too impossible
that you wont really be able to realize on how things should really be dealt with. The proof about being a gambler would be a good trader then i dont really believe that much but rather it would be harmful. Why? If you do tagged yourself on being a gambler on the time that you do trade then its not something a behavior which you would really be needing for it to make
out some adjustments because if you do have that gambler like mind or approach then you are putting yourself at big risks.

Trading and gambling is different and it does really need up that different way or method for you to deal with. Trading is for long term and gambling
is for fun. It isnt really that hard to understand and differences are obvious.

Yes a gambler also be a traders, most at times people who trade basically based in gambling, so therefore gambling is something of risk and trading is also something of risks the only difference between both gambling and trading is the risk that is involve in trading and risk that is involve in gambling, you will be more concerned in trading because trading is all about skill why gambling does not accept to be skill because nobody go to school gambling or make a tutorial of gambling before, why in trading you most know some principles of risk and not to be greedy in trading ànd time management in trading so that you will not be unable to lose your funds you use in a trading

I definitely agree that all gamblers using a crypto-based gambling platform have investments in cryptocurrencies or have previously traded cryptocurrencies. I also agree that risk management for cryptocurrency trading and gambling are not exactly the same but I would argue that applying proper risk management for both is similar. In particular, I would also like to correct that risk management should be done with high capital when trading cryptocurrencies. There is absolutely no requirement to have high capital in order to implement risk management correctly. Regardless of the budget amount the person should apply risk management correctly and continue on his/her way by creating a risk management plan completely in line with his/her budget.

I would also like to remind you this about sports betting: If a gambler has information/knowledge about the sports club he/she will bet on, this is a detail that can increase the probability of winning the bet. For example, knowing that a strong team has a high probability of winning or predicting the possibility of a strong team suffering a surprise defeat due to its current roster requires information and following sports news. So, depending on the type of gambling it wouldn't be correct to say that it is completely based on luck.

Finally, it is of course correct to classify risk management but to generalize someone who has knowledge and experience in risk management can manage his/her capital successfully regardless of gambling or cryptocurrency trading.

NOTE: I am definitely not someone who defends the idea that trading cryptocurrencies and gambling are the same thing and there is no difference. I only aim to express my thoughts and learn the thoughts of all kinds of different people by commenting on the connections and similarities between them.

It seems like the OP's question was not intended to differentiate between gambling and trading, but rather whether a gambler can be a good Bitcoin trader.
Of course you can, but it all depends on the gambler's attitude and track record when gambling, because gambling and trading almost involve a lot of emotions, patience and self-control more than anything else. These three things will determine the final result and you must also have the ability to analyze the market and also read the game in gambling.
If we discuss risk, it is clear that both have a high level of risk of loss if they do not have the relevant skills and knowledge. So both can be done based on the analytical abilities, skills and knowledge that both must have and must also be able to control themselves and their emotions when gambling and must also know how to buy and sell again at the right time when trading.

People who trade without using analysis and tend only to guess the direction of market movements are considered gambling because they do not research where the market will move. They guess the market will go up so they enter the market and do something without knowing whether it will actually happen or whether it will move in the opposite direction. But if they analyze trading, they are not gambling because the decisions they make are based on their observations and calculations. So if there is a gambler who enters trading and he has analytical skills, he is not gambling but he is trading and maybe he is braver in making risky decisions than other traders.

Gambling and trading Bitcoin both have risks, when a gambler is used to the risk of losing at a gambling place, he will be better prepared for the risks he will face when trading Bitcoin. Although both lead to the risk of loss, the risks of Bitcoin trading are not as serious as those experienced in gambling.
As long as he is still able to control his emotions and be patient when the market is turning in a negative direction, there is still a chance to make a profit when the market returns to a positive path. The toughness and mental readiness he has mastered in facing the risk of loss in gambling can be applied to Bitcoin trading, making him ready to face anything depending on the situation that occurs in the market.

Your post sounds like my style of posting, I feel as if I'm reading my own post, I guess we both reason alike. Yes they both share risk as a common factor, meaning that one can function in the place of another quite conveniently, compered to someone that doesn't face high risk of losing money in their business or fun place.

People have argued that bitcoin trading is for business, while gambling is for fun, but if the risk goes favorably for both of them, they gain money, if not they lose. So the end that justifies the means for both of them is that they both engage in activities that they don't know how the outcome of their game or business will turn out until the end. And they must accept the outcome whether it's in their favor or not.

If a doctor or teacher were to enter bitcoin trading, it'll be more difficult for them to adapt to the risks involved than a gambler who faces the risk of losing money every time.

I wouldn't say anyone because gambling is not easy as Bitcoin trading. There is no way to get entertained in Bitcoin trading because it was a stressful activity, though once we learn things and make profit, that should still give us a reason to be happy. It's okay to lose in gambling but not totally in Bitcoin trading. As you said, we have different stuffs to aid us to trade, so therefore we only need a little luck in here.

Gambler? Did you mean it? Because, I think it was the trader who does TA the most. A gambler can just play randomly and even if he tries to analyze the game and play smarter, that won't give him much of an advantage. Just be clear, we are only talkin about casino games here, since you use the term dice because the approach in sports betting can be a little different. 

And you think that when there is a player Who is focused on being good, he or she looks for a way to win in any way, but a bitcoin trader is and should stay away from any topic that has to do with chance and luck because I consider that Bitcoin trading has a lot to do with the Degree of Knowledge one has to assume that a trader does things because they are calculated, and under an analysis that is either technical, or fundamental, or both, then I believe that the tradition has a lot to do with it. It has to do with doing a job merely of wisdom and not a job that is focused on chance and luck, or random, because all the time Things can Happen very differently when it is in a casino, in a casino they can be done and make Decisions that, even if they are bad, can make you win and the right ones can make us lose, this is what we Sometimes see, but in a Bitcoin trade we cannot be doing whatever it takes to enter an Exchange and Gamble, because Otherwise all the money goes away.

The only way I see that a Player is good at Trading is that the player Knows how to do it, knows how to do it, it seems good to me, because I have seen that things when they are with Trading , the person responsible for all the movements is ourselves. , and this is how we can make things better and it is the most obvious way, but even if we are good players with game strategies we can do trading, because as I said Before, you couldn't do gambling trading because it would be crazy, you could lose a lot of money, and the idea in this is that we expand this and we can make things when they are based on Something that is measurable with respect to the Exchanges that could be done, in tradgin and in bitcoin or it could be invented, because it is Painful I don't see it as correct that you lose by doing traditional things based on gambling strategies, because it may be that you have luck in the Beginning, but then if your luck runs out , your Money runs out.

Just because both of them involve risk doesn’t mean that they the same. And because a gambler takes upon more risk (because if he lose he loses everything) doesn’t mean that he or she will be able to make money with Bitcoin trading, instead, the gambler will be able to bear any form of price drop. Gambling is more of luck than Bitcoin is, that is why you can get rich quick with gambling cause it can happen quick and instant. Bitcoin on the other hand won’t reduce in quantity but in value which can always go back up (even higher than your entry price). Both of them need different experiences aside risk management.

Is your question "Can a good gambler be a good bitcoin trader?"

Because just being a generic gambler doesn't mean you would have any requirements you would need as a trader.
I guess if you are patient gambler, who takes calculated risks would work for your advantage. And instead of counting cards or studying games and players, you need to study markets, teams and know the rules of technical analysis. And just like in sports gambling, there's really no limit how much you can learn. You can always become better, and you need to accept that everything is only a probability and luck is very much involved.

One thing you need to understand that is even if trading is all about loss and gain the risk in trading and gambling are not the the same. In trading people who learn trading very well and understand it better stick to it and earn from it as source of income,  but I  gambling no matter the experience one have their is no guarantee that winning will be constant. I think a gambler who understands trading very well and it rules can still trade with a different mentality from how he gambles. Their are many factors that gives gambler too much confidence that they will always win that is why some gamblers keep playing without winning.

Yes, having a gambler mentality will definitely lead to more risky trades and greatly increase the chances of potential losses. For this reason, while I stated that an individual who is addicted to gambling will definitely not be a trader, I stated that there is a possibility that an individual who is disciplined and manages risk well can become a trader.

Certainly, trading is something that happens over a long-term process and gambling is just an expensive hobby focused on fun. This is the most important difference that can distinguish a gambler from a cryptocurrency trader and the clearest factor that can prove that the two things we compare are not very similar to each other.

This has nothing to do with the braveriness that gambling users have. Risk factors have a small significance to the factor of trading. The user who does trade is not merely using braveness to execute their plan, it is completely different from a gamble where you can freely just make a bet, with minimal thought processes. On the other hand, trading requires extra effort and more thorough planning to make decisions.

That alone should address whether risk would be a significant addition or not. With that in mind, due to the reason I addressed, I do not think it would be an advantage.

I think if someone did a deep investigation on trading behavior, establishing correlation coefficients between people who tend recklessly gamble and compares them with traders who either refrain from gambling altogether or do it with very strong bankroll management, I am sure that this investigation would result in some significant findings, setting the calm, bankroll focused gambler in trading apart from the reckless gambler who also trades. I would suppose that significant changes in characteristics in one and the same person when they either trade or gamble are less common than consistencies.

If a trader trades on the spot market, he clearly has an advantage over a gambler, as his actions are not limited by time frames, and since bitcoin is a deflationary asset, even if you buy it at the highest price, you can get your money back in a few years. I am engaged in trading on the crypto market and gambling, and personally for me cryptocurrencies carry less risk than gambling. Perhaps everything would be different if I had a better understanding of sports, but unfortunately I do not have it.

The advantage of spot trader is if he lost on his trade due to unforeseen circumstances on the market he can still able to hold and wait for second shot if the market recovers. There's no losses occur for that because we don't sell anything and just wait for another recover for us to earn if we are lucky if market pump or recover if there's little push happened. Unlike for gambler where they are not sure about everything and might lose in control so there's huge chance to lose for that then also low chance to  recover,

That's why sometimes its good to say that gamblers is not a good trader because majority don't have huge patience since they want fast earnings without getting any stress or face something unusual to them.

You must be talking about sports betting here because that is what would require a bettor to have skills and knowledge about the game they are betting on there are no skills and knowledge required when it comes to gambling games, it's pure luck in that area of gambling. And, there is a huge difference between the risks of gambling and trading because trading can be a profitable thing for someone with enough knowledge and experience while gambling can't always be that way unless it's sports betting where research and analytical skills matter.

When we talk about a gambler becoming a trader, I think a sports bettor can easily manage to become a good trader as well because the two have a lot of similarities, like one has to do research and analysis for a sports game before betting and the same thing is needed before making a trade, the only difference is that the research is done on players and teams in sports betting and it's done on coins and projects in trading.

Well, I am not going to argue against you that knowledge helps you further in trading than it does in gambling. It's definitely more likely that knowledge in trading translates into gains than it is in gambling. But when we talk about these mad gamblers, I believe that they are also the people who more tend to use leverage in trading because that is what gives them please. Mad gamblers without control over their bankroll do the same. They can all get lucky, but knowledge decreases in impact when leverage comes into play.
Time horizon plays a huge role of course and that is a very good point because rounds are timely closed in gambling as per the rules whereas a trader could leave the position and be patient. But all of this depends on the experience, character and knowledge of the trader.

My core message was that I believe bad traders are more likely to be bad gamblers as well and vice versa.

Risk is not the only requirement to be a good bitcoin trader. If it were everybody who has started a business and built it from the ground up make a good bitcoin trader because they have been able to manage the risk that is inherent in running a business.

So does every other human being and not only gamblers and bitcoin traders.


If a gambler fulfils the requirements needed to be a trader, why not. All our experiences are transferrable. Therefore, if the risk taking is developed in the context of trading and other skills are developed as well, then they will be at an advantaged.

I disagree. Regardless of whether a sports bettor or not, entering trading for the first time will be a new environment for them.

There is no such thing that, for example as a sports bettor, they can easily manage to become a good trader. I highly doubt that will be the case once they shift into trading. There are lots of differences in trading and gambling and even a professional gambler or sports bettor will experience a tough challenge dealing with a highly volatile crypto-market the moment they step in.

When I say new environment, it means new approaches, new strategies, new ideas, new plans, different levels of factors, etc., and can't be compared to what the gambler experienced in gambling. These gamblers, of any type, will be successful in gambling if they are really serious on the way to building their respective good trading career.

Note that I did not necessarily imply risk factor does not have any effect on trading, nor its scale, but rather contrasted with gambling, it loses its significance. Trading does contain risks, but not as essential as gambling. Also, the correlation will surely arise given enough datasets. Though, the hardest part would be to decide about the knowledge and experiences of both characteristics, since surely it does not apply vice-versa.

Moreover, I don't quite agree, say, trader doing gambling, or gambler doing trade, I do think they will surely pose their decision in a completely different manner.

Of course, that is possible if the gambler also learns how to trade. Everything can be learned, I also believe that there are people like this who can do those 2 things. Either of those two is really risky, the only difference is that the trader can track it and you can make money here without relying on luck. As a gambler, it is difficult to win consecutively or earn a lot of money here, you really have to rely on your luck to win big in gambling and it is rare that you win a jackpot in gambling.

Gambling and trading isn't something that is easy to combine especially the trade aspect, because one can lose alot of his capital or funds used in trading if he forgets or lose focus on the trade session he is currently watching. Gambling is somehow more easier but it's definitely another case scenario if the person involved is an obsessed gambler. Most obsessed gambler tend not to have the main trait of a very successful trader which is obviously patience.

Yes, to give an example, especially from the many people who gamble and trade cryptocurrency here, many of us have cryptocurencies that we can instantly use for gambling. Similar risk management between gambling and cryptocurrency trading is the efficient use of the available budget, spending it gradually and using a certain strategy. That is, there are common aspects of risk management for both but risk management is applied slightly differently for both. Just as you mentioned, a person who trades cryptocurrency doesn't transfer their current balance to their wallet in case they loses money while someone who gambles withdraws all their money and transfers it to their wallet if they don't lose all their money because they thinks they will have bad luck that day.

Although deposits to cryptocurrency-based online gambling services are generally not as diverse as cryptocurrency exchanges, I don't think there are limited deposit opportunities due to the diversity.

As a gambler, I did traded many times before but then stopped because I did have a lot of bad trades. But that does mean that I am a bad gambler? Yes and no.

I have good trades as well.

So it can happen that a gambler can also be a good bitcoin trader or even an altcoin trader. Anyone can do that regardless of his profession or his hobbies and activities.

That I agree.
I think OP is just trying to figure out if somehow there's a resemblance in different industries because they are both incorporated with risk.
Trading requires a lot of patience and somehow the chances of having a good trade will depend on how we read the analysis.
No such thing when it comes to casino games because all you have is rely on luck.
Better, I'd probably compare trading with sports betting. Analysis is also needed there to enhance the chances of winning because there are strong fighters/boxers/teams out there which could be a mismatch to their opponents. I mean the odds are there for a reason because analysis is being done and some of them are too strong which is also the reason why they put handicaps on weaker opponents.
For sports bettors who made it a serious hobby, these statistics will help them find the lower risk bet but with better profits. It's not always accurate but somehow because of that research, we could increase the percentage to win.

Yeah, not a bad comparison but there's resemblance from analyzing sports that you are about to bet and the same goes with trading.

The risk is always there and analysis is helping us to make better decisions with basis so, you're not wholly relying to luck even if you can trade and bet recklessly.

Also, accompany it with experiences and you'll be able to know the things that you have to do either in trading or betting.

In short, yes, I think it can. It is very similar due to the fact that you need to make decisions based on probabilities. But everywhere we need to learn new information and improve our level, only this can lead us to success in gambling and bitcoin trading. If before this in gambling the player simply pressed one button and spun spins, then in bitcoins he will most likely press buy/sell chaotically. And if he also puts up a large leverage, then this is the same as betting the entire deposit on red in roulette.

There are even several living examples, one of them is a successful influencer who was previously very successful in poker before learning about cryptocurrencies. I am amazed by his level of knowledge and thanks to it he earned 10 times more than in poker.

I think yes because of the fact that the gambler is a risk taker himself. Some gamblers use tricks and analysis on what they are playing that is the same skills needed to become a trader. Though gambling fully rely on luck, trading will rely on luck as well but just a bit of it since 90% will be on technical analysis.

Yes... anyone can do it, BUT not everyone will get good results in every effort they make. Instead of bearing unlimited losses, it's better to do something that aligns with one's talents. If there's still an intention to learn, trading is a good option. But relying solely on luck in trading, as in gambling, is very risky. Even luck is not something everyone can count on all the time.

Many traders make a small amount of money... they are neither considered failures nor successes. Instead of being a casual trader, it's better to focus on becoming a professional. A professional will have a better understanding of what they master. Their analysis and intuition will surpass the average human skill. So, rather than being content with trading and making a small amount of money due to luck, it's better to trade to earn big money because of the contribution of your skills.

So, everyone can indeed make money from trading, but that's not enough to say that the person can effectively trade.

     -  That's true; that's how I do it, and there are many people who do it who are also gamblers, for sure. That's the beauty when we start with spot trading or carry out a trading activity.

Then it's up to us if we want to be good traders here in the crypto space. But if your desire is to make a lot of money through Bitcoin, this is also possible; you just have to have a deep understanding of crypto trading. That's how simple a trader should be, but of course, when you feel like this, it's not good because greed has entered it.

I think that gambling is quite versatile, and I sincerely believe that a poker player is very different from a fan of spinning slots. And based on this, I will say that the casino is very far from trading in meaning, while it is very close to poker. The fact is that there are a lot of accidents in the casino and it is not possible to identify patterns. I am one of those who believes in technical analysis as well as in the mathematics of poker.

Therefore, I will say that in general, a poker player can be and most likely will be a good trader.

Does comparing these two make sense? Despite the risk of trading cryptocurrency, most decisions are based on market analysis, trends, and prediction. Gambling is luck-based, not strategy. This fundamental distinction in decision-making is crucial. Are we damaging trading competence and research by blurring these lines Additionally, your thesis regarding risk management in all sectors is intriguing but too simplistic. Both involve meticulous money allocation, but their goals are distinct. Gambling is designed to lose money over time, so the "house always wins." Crypto investing is volatile, but wise judgements can make money. Don't we oversimplify by ignoring these dynamics?

I have never played poker, I do not know how the game is being played aside from what I know, that the game is a strategy game, like skill based.

Aside from the above, I did say that gambling in general, has nothing to do with trading, like I said in my last comment I believe, a trader can become a gambler, and his experience in trading has nothing to contribute to his gambling activities.

Likewise, a gambler can learn to trade, and become a good trader trader spending enough time learning to do it well, his or her experience in gambling has nothing as well to contribute to his or her trading.

This two are completely different, even though we still consider those who trade blindly as equal to gambling.

Analytical Trading is actually similar to gambling. The only difference in when timed right, you have a 50%+ chance of being a success.
Gambling is always limited to probability below 50%, even the odds on sports betting depends on how much people have gambled on each option plus house edge.
It would be difficult to generalize a gamblers mindset but something we could assume is they are good with numbers and are willing to take risk. Those are good signs in analytic trading and if they be able to hold their nerves, they can have more success from trading as compared to gambling.

Being a gambler and a trader both have risks, which is why becoming a bitcoin trader is no problem as long as you can stop the habit of gambling, after all, a gambler can definitely be a good and profitable trader compared to gambling, although it is also necessary to learn techniques and price analysis, because Trading requires skills in reading market charts so you can target profits and minimize losses.

There is no difference whether you want to be a gambler or a trader, both have the same risk, namely losing money, personally I also run both simultaneously although sometimes it is difficult to divide my time because I always play consistently so I can get good profits every weekend whether it be from gambling or trading.

You are right, in trading we have to understand techniques and also price analysis to be able to trade because without us understanding trading well and we do it based on guesswork, of course we do it the same as gambling, we need luck to be able to get a profit from our trading. do it, without luck we will continue to experience losses from the trading we do.

If a gambler does not become overly addicted to gambling then he can do all types of work normally, not just bitcoin traders. That is why I said about gambling addiction because if the person is addicted to gambling then the person will not be able to give proper attention to any other activity except gambling. When a person addicted to gambling wants to do something else, his attention will be on gambling, which will lead to wrong decisions in other tasks. If a gambler gives more importance to Bitcoin trading than gambling then he can definitely become a good Bitcoin trader. He will spend most of his time working and trading bitcoins and gambling in his spare time. If a gambler can gamble like this then he can become a good bitcoin trader.

Gambling require luck but trading require skill and a Ability to understand analysis. The better one is able to analyze, the better one can do through trading. But gambling and trading are two completely different things, so a person who understands gambling can never be a good bitcoin trader. But if a bitcoin trader wants to gamble for fun it is not a problem. And if his luck is good, he can win big from gambling. But how can a gambler get good results by trading Bitcoin?

A gambler can definitely be a good bitcoin trader. But a bitcoin trader may not be a good gambler. Just as we leave gambling to luck, a Bitcoin trader leaves futures trading entirely to luck. Futures trading is worse than gambling. Gambling is predictable, but in futures trading, a single wrong idea can cause you to lose your funds in no time. So I can say future trading platform and gambling platform are incomparable to each other.

Yeah, so it's the come and go from other professionals that are good in something and going on with trading and gambling.

When you're good in poker or any gambling games that requires you to think and analyze. That means that you can also analyze the trades that you're about to do for your reference.

That's why it is open for everybody to take their own journeys in trading if they're a gambler and they want to try something new. And from this forum, many of us are both.

And the skills possessed by a trader and a gambler are definitely different, even though a gambler can become a trader. The gambler needs to learn different skills in order to study and analyze the market as he enters into trading. A gambler can become a good trader, especially if he can switch from gambling to trading and begins to slowly abandon gambling because he sees an opportunity to make bigger profits from trading. If the gambler becomes more comfortable in trading, he will completely abandon gambling and will not return to gambling because he enjoys trading more than gambling.

Why not, if you're a gambler doesn't mean all you know how to do is gambling and you can't even trade or learn to do so, having the combination of the two is not that bad, it will only widens one's scope and knowledge of doing them both, having fun in gambling and usin the experience in trading bitcoin and using the earned interest on bitcoin bitcoin to also gambles, at the last end we becomes being fulfilled by all we do, either in gambling, trading bitcoin or combining them both altogether.

We may think that a gambler can never do anything other than gambling but we are totally wrong. If you look at the personal life of each gambler, it will be seen that everyone is involved in multiple professions, that is, gambling is not the only profession of every gambler, and it would be wrong to call gambling as a profession because most gamblers take this gambling as a temporary pleasure. And those who want to take gambling as their profession are definitely addicted to gambling. 

A gambler can be a good trader, a gambler can be a teacher, a gambler can be a banker, a gambler can be a military officer of any country. Gambling is possible from every profession, so we have no reason to think that people who gamble cannot do something else.

A person can conveniently do both, because they have more in common than differences. I like the way you integrated them, a gambler can apply the risk experiences in bitcoin trading, and use some percentage of his profit in trading to have fun and relax in gambling. Both share the same uncertainty in the outcome of their efforts, despite the fact that one depends mainly on luck, while the other depends on analyses, in the end an external factor determines  their win or lose.

Also, professional poker players who came to trading have patience and perseverance, because they spend 10 hours a day or more behind the monitor, playing online. Moreover, they played several tables, constantly straining their brains. After this, trading will seem easier. This influencer I follow says the same thing. He said that he will not return to poker, but sometimes he can go to 3-5 tournaments a year in the USA in order to entertain his subscribers.

Croupiers who worked for many years and calculated probabilities and saw professionals could come.

In terms of experience, a gambler will take any risk to gain profits even if they venture into bitcoin trading. Even though gambling and trading are two things that are quite different, in their minds there is only one thing, namely profit, what's worse, gamblers don't have the word patience in their dictionary. What I mean here is, their habit of making profits quickly, in terms of trading we know that it is more long term which means they have to wait for a profit.

So in terms of experience they are brave enough to take risks, but at the same time gamblers have to learn many things including managing their patience. I think if a gambler jumps into Bitcoin trading, then they will either make big profits in a short time, or lose very quickly.

Trading and gambling are different ball game however both involves risk taking, meanwhile a gambler can only transit to a Bitcoin trader to become successful provided that such a  gambler had acquired all the necessary skills and knowledge of trading Bitcoin else such a gambler would ended up losing trades because Bitcoin trading is not gambling it is more riskier than gambling, it's is art that requires through learning process to become consistent in earning profit, the vast knowledge needed to be acquired makes it difficult for any gambler to easily cope with trading having come from a probability feature of gambling.

I think there is crossline of gambling over trading when you used time. In gambling, highest you can bet is between a month and you will know your result instantly because the faster you bets, the likelihood of getting higher odd because there wouldn't be much information around yet. However, in trading, holding can take more than a year or even years depending on when you bought it before you enjoy what you invested and if you are a good bettor, you will have made something good from gambling between that period.

Gambling has an advantage and trading has it own too and the risk are not similar in any ways because in trading, you can get back what you have invested in it if you are patient but gambling will not, if you like rejoice over unseen result, what will be is going to be and emotions or speculations wouldn't change anything about it.

I agree with you about applying the risk experiences in both trading and gambling, you're right that both activity comes with risk and they have more in common, like you have to be more focus and you need to show your ability when it comes to managing your time and bankroll but also there's a lot of difference between the two. As you've mentioned that the other one which is gambling depends on luck  which is true but somehow just like on trading,  It needs financial and technical analysis too.

There is no financial or technical analysis when it comes to gambling, except I don't understand you correctly, or maybe what you mean is in terms of sports analysis and so on.
And going back to the risk in both, I agree with you though, gambling is risky, and same also is trading, but this two are not related, and I also personally do not think that one's experience in gambling can help him or her in trading, and neither will ones experience in trading help him or her in gambling, like I already said, this two are not related.

Majorly everything we do in this life involves some level of risk, so we can not because risk alone, liken trading to gambling, this two gage nothing in common aside like what I have said before, which is that, we consider blind trading as gambling, but I reality, trading is trading and gambling is gambling, anybody can wake up one morning and decide to gamble, but no bodies wakes up one morning and decides to trade, he or she will just end up throwing away his or her money.

To be factual what they have in common is the profit or loss that come out of it at the end of the day. No doubt that you can be a bitcoin trader and also a gambler but you are going to see them differently because they also operate differently, their tools are not also the same.

To determine mean the outcome of losses or profit, the trader can do that with the system adjustable to his plan but a gambler goes in and can only come out when the game has been settled for his profit or his lose.

People have their choice either and taking both as a gambler and at the same time a trader will it seems be working well if we can manage our time correctly. I say it should "manage our time" because trading needs more time and focus. In the situation that you get mad from gambling, it is not a good time to trade as our emotions will certainly affect our trades. Maybe it works to go first with the trading and relax through gambling. That will emphasize how important is to manage our time in dealing with the two otherwise, we fail in trading and at the same time with gambling.

Both gambling and trading are different. One thing is common from both if the two is risk. A gambler takes risk when he bets and a trader also has to manage trading with risk. The difference here is that when a gambler wins he wins his entire bet and when he loses he loses everything but trading is a little different where any profit or loss is made over a long period of time. As a gambler's odds in betting are the same as in trading, a gambler can easily trade if he chooses. But general gamblers have less patience for trading so they focus more on betting than trading.

 Aside from taking a risk, I don't see any relation between a gambler and a good bitcoin trader. So, I certainly believe that even if you are the worst gambler, you can still be a good bitcoin trader if you are inclined on trading market analysis and you have the skills and strategies to trade. Unless if you don't know what you are entering about, then you might end up gambling and not actually bitcoin trading.

However, being a gambler is not really a problem if you wish to trade bitcoin at the same time. As long as you can stop the habit of being a compulsive gambler, then you can try trading too and become a skillful and profitable trader as well.

      -  You said it right; after all, it is better to be a bitcoin trader than a gambler, which will ruin your personality because of it. That's why some well-experienced gamblers always say to gamble responsibly.

Because when you gamble irresponsibly, the result will not be good in the end, for sure. There are many things that can be affected; unlike being a bitcoin trader, there is no such thing. The only enemy that will be a trader is our own emotions.

it's possible that a gambler can become a good bitcoin trader, but not all gamblers, because to be a good bitcoin trader they are not only able to accept risks but they must be good at technical and fundamental analysis to be able to achieve profits according to the strategy they use.

because gamblers and traders are two different things, even though they both take risks, traders require fundamental and technical analysis which cannot be found in gambling. even though some people say that trading is the same as gambling, it is different because traders read market trends and price movements and they use tools that help in their trading, and not all gamblers can do this.

Gambling and trading are different. But when someone trades without analyzing the market situation, he is gambling with the trade and he has a greater risk of loss. People like that will spend more money than people who analyze because they think that they will get big profits. But unlike people who do analysis, they will calculate or consider how much money they can use for trading. A gambler can be a good trader if he can analyze the market before starting to trade because it is a requirement to enter the market. But many gamblers and traders alike need more patience in trading so this will affect their trading decisions.

It is true that a gambler can be a good trader but not all gamblers can be good traders. Doing business requires having good business qualities which are not usually possessed by everyone. Some people gamble after completing their other tasks well and there are some people who think they are doing all the work by gambling. Gambling is not a big deal for those who already have a source of income or a good business, but gambling is a big deal for those who have no source of income or who are not already involved in any business. There are many people who want to change their fortunes by gambling, but those who want to change their fortunes by gambling cannot become good traders anyway.

Have you seen a gambler do analysis before? They are damn good in their analysis and I think if he brings this analytical skill into trading, it could be very much useful to him. There are let's of traders that are into gambling and I personally believe that whatever knowledge we have in a sector, we could apply it in another sector that is of the same or similar nature and still make the best out of it.

You seem to understand the situation very well, many would argue that trading and gambling are just two parallel lines that can never meet. But in practice, they are interrelated depending on the attitude of the person towards gambling and trading. To buttress your point, it's possible that I trade today and gamble tomorrow, I referred to both in trading. The distinction between the two is that, for the first, I followed my right trading system and plans which I know without deviation, but in the second where I gambled, I did just the opposite. This means that you can be a trader and be gambling in your trading, it depends on your sincerity in trading itself.

This is not so different from gambling itself, and some gamblers are even fairer in this context compared to how some traders behave irrationally in their trading.  This is another reason why I agree that some gamblers could be better than traders analytically simply because they are true to their gambling analysis than how some traders are true to their trading analysis.

Although gambling and trading share a common characteristic such as risk, being successful in one area will not necessarily make you successful in the other. A gambler can learn how to trade, but it is important to understand the differences between the two activities and prepare to learn new skills. It takes a lot of time, study and practice to learn trading.

Not only on becoming that irresponsible because even being a trader on which you could really be able to potentially reach up this kind of situation when you are trading on which there are really moments that you do really look like a gambler on the time that you do trade specially when making up some trading decisions without any basis. Also we should really be that tending out to realize that gambling is totally different from trading literally.
Gambler could be a good bitcoin trader? For having that enhanced risks taking then i  should say yet but not all the times that it would really be that effective or something that gives out guarantees that you could
succeed on trading career on which considering that there are really things or factors on which it could totally make you definitely a trader.

You would really be able to find for yourself on how relevant those other factors are on which there's no way that you could really be able to make yourself that being a trader
with having a gambler like mind because actions would be made will really be not that be mindful which it isnt the right way to approach in speaking about trading.
You would really be needing to have that systematic approach towards trading because handling market does really need up some approach which in make use
of proper indicators and tools and this is something that you could really be able to joke about.

The bitcoin trader can act as the gambler by learning the gambling games and they had huge money for the future gambling games.But the gambler move to the trading will loss their good time in the gambling,after some games the tactics will be created by the gambler.So he should use their money in the same gambling to tackle the old loss in the gambling by making the more money win using their new created tactics.But the gambler also can use the trading to use the trading profit for the gambling.The trading profit will be considered as the free money from the trading,So reinvest that money to the gambling will create a wide opening for the gambling games in the future.Gambler should ready to build their own empire in the gambling world by the continuous game in gambling sites.

It is true that there is no relation between Bitcoin trading and gambling, I also don't want to deny that a gambler can be a good Bitcoin trader. Rather I think a trader can act like a gambler when he trades without understanding. In this case, I want to say again that nothing is possible for those who become addicted to gambling. First they need to free themselves from addiction then if he can gain fundamental and technical knowledge about trading then he can become a good bitcoin trader.

Those little gestures that we do as gamblers just like what you have said from those pro poker players or even pro sports bettors. They all have the patience and they add up small things to become productive on their craft.

Playing several tables or bets within a day, honestly it is an exhausting thing. People say that gambling is easy and fun but it's no fun when you don't like what you do and it is not easy when you don't have that type of patience that it requires, right?

A gambler must first analyze everything properly more important than that is self-control. There are many gamblers who prioritize gambling over business and when they become addicted to gambling they suffer a lot from the business side. This is why you need to keep yourself in check and master the skills to manage both tasks using your own knowledge and skills then bitcoin trading with gambling will become effective. Otherwise you will never be able to get the best out of it and will be at a loss.

It’s beyond my comprehension to play several tables at high stakes like this for years with minimal mistakes. These professionals truly deserve the big money they made in online poker. And they are in no hurry to move into trading because they know their business very well, and trading is unknown and uncertain for them. Although I’m almost sure that most of them would also be successful. Probably when there are significantly fewer poker players and there is no one to collect money from, they will have to look for a new place to earn money, but this has been talked about for a very long time.

By the way, streamers could take part of their audience, which would come to trading with them, and earn good money from referral links in various projects.

My most concern is that people feel that cryptocurrency is gambling but literally only those who day to day trade are gamblers. Trading is a form of gambling are have more similarities in common. Both of them depends on predictions, speculations and risk. Another aspect that the  financial news favors the trader perspective and the statistical performance if a team and news regarding players presence or absence also favors a gambler. Trading is more like gambling. It's mostly done for short term gain. There is nothing like I have high IQ, more educated or made more researched as long as you can't see the future. That I'll consider a gambling whether trading or gamble.

In general a person who feels he can manage his emotions can gamble at the same time still trade since he has thee finance, capital or equity. The only common challenges for both a gambler or a trader is capital. Sometimes they could loss their capital in a trade or a bet. So they need to start all over again unless they have another source of income.

Speculative trading generally uses market analysis and statistical data, not luck. Is it reductionist to call all trade gambling? Both include risk and prediction, but isnt ignoring trading strategy oversimplified? Trading uses data, market movements, and economic theory; does gambling use them?

You say traders and gamblers need emotional management. True, but isnt this simplifying financial markets and psychology? The key difference is risk assessment and decision-making style. Isnt trading, especially long-term investing, more like strategy than gambling? Reducing trading to gambling ignores financial literacy and market comprehension.

Yes, that is right. It's only identical to the risk we are taking but the truth is gambling is riskier in my own opinion. In gambling, we tend to lose money without a fallback. In trading, we can somehow save our trades by pulling them out before it goes to zero. And we are not risking our money against the house in trading. We are trading against the flow of the market which could be unpredictable unlike in gambling where the system controls it.
They could make you lose most of the time by simply not letting you win on every bet that you will make. While in trading no one is in power to control what will happen to the market unless you are super rich to manipulate it. That is unlikely to happen because I believe retail buyers and sellers are too many than the whales. If there's anything that can move the market, it's either the hype or FUD and if a trader is updated to cryptocurrency news, he will always be ready to either buy or sell. There's a big difference between the industries that are being compared.

        -   They are not really related to each other, as among our people, they are not blood relatives. Then you are right in what you said;
no matter how addicted you are to gambling, as long as you think of doing or learning Bitcoin trading, there is no problem because, like gambling, everybody is welcome.

The only difference between the two is that bitcoin trading can be considered a profession or skill, while gambling is not rather a hobby or for entertainment for gamblers.

There's no doubt or question to that if we do compare gambling risks and trading risks but on the time that you do make out trades without having those indicators or analysis then you are just simply doing gambling.
Risk is everywhere specially if we do speak about earning money then this is something which is relevant or really in default. Gambler could be a good bitcoin trader? It does vary because there are other behaviors or factors on which it is really that needed for you to be considered to be a good trade. Risk management is really important but we know that it isnt enough on just like that, you would be needing other factors
on which it would be helpful on making yourself to be better.

Same goes into those gamblers who are strategic based on which it is really that something that you would really be needing to have that kind of skill for you to survive out.
If not then you will be just putting up yourself on a situation on which you will suffer with those losses same goes with trading too.
If you dont make yourself that wise on taking up decisions or risk factor then expect on what would be the next outcome.

Though we advocate that gambling should be a form of entertainment and not an investment, we will not deny the fact that gamblers and traders share certain qualities together. Two qualities a gambler and a bitcoin trader share in common is risk taking and patience.

The decision to put your funds in projects you are not certain about it's outcome is risk on its own and both the gambler and the trader are perfect examples of risk takers. If the gambler can risk putting his funds in games and bets that are purely base on luck, why then should he be skeptical about trading Bitcoins?

In most cases,  a gambler can gamble for a long period of time without winning yet he never quits, that's patience and for one to be referred to as a good trader, he must possess this quality.

A gambler can be a good trader, all he needs to do is to learn the basic skills needed to trade effectively and he is good to go.

Gambling has different games including ball games but in sports betting, there are literally ball games there. Meanwhile, trading is not a game, and much more it isn't a ball game :D. Bitcoin trading is actually less risky than in gambling because it involves analysis. Sure you can as well analyze in gambling (casino games) but that won't give you a good advantage. Results are still going be the same random. Learning is hard but what about constant losing of money?

I think that was more tiring. So a gambler should be willing to sacrifice. However if the gambler is only doing it for fun, he won't ever mind his losses and will continue doing it.

The question is whether a gambler can be a good Bitcoin trader, and in my opinion, as long as the gambler isn't addicted to gambling, they can, because they will be able to have a limit for the time and money they will be spending on gambling and their gambling activities will not intervene with their trading activities and they will have enough time to learn and do trading while also having enough money to keep buying and selling Bitcoin or other cryptocurrencies without any hassle.

However, suppose the person is addicted to gambling. In that case, they cannot be a good Bitcoin trader or be able to do anything effectively along with their gambling activities because they will be spending most of their time and funds on their gambling activities and won't have enough time and money left that they can use for the other activity.