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Economy => Gambling discussion => Topic started by: Phu Juck on July 12, 2024, 03:15:48 PM



Title: What’s better to make a good profit - Trading or Gambling?
Post by: Phu Juck on July 12, 2024, 03:15:48 PM
Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit. It’s said quite often for Gambling and Trading to be a source of income despite very speculative gains, so let’s discuss how Trading or Gambling can deliver us profits and which one is better.

Trading and Gambling seems to follow a strategy

For Trading and Gambling we can select various strategies and experts are also giving trading and bet practices how to trade or how to gamble but is it really possible to make a profit from a Trading or Gambling strategy?

Long-term, I have doubts because Trading and Gambling are very tied to luck but we can indeed make a big profit if we have luck. Only requirement is to have luck and we can indeed make a big win and big profits. But such a win is not to be taken as to be repeated and next time, we can lose big time, even from our formerly positive strategy.

Sports bets are not similar like online Casino Games

It has to be said we should also differentiate between Sports Bets and online Gambling like online Casino Games, Dice Games, Slot Games or similar.
While online Casino, Dice or Slot Games are very risky because on average we will lose, we have to make a closer look to Sports betting.
Sports betting is a very broad sort of betting on all sorts of Sports, where we can select a market, which we like and which we want to bet on.
We can bet on markets like here on football:
-   Winner of a game
-   Total number of goals
-   To get a penalty kick
-   Total numbers of cards shown
-   Total number of corner kicks
-   Player to score a goal / get shown a card

It is a wide range of markets to bet on and we will have a possibility to make a personalized strategy for whatever market will be available, so our chances are pretty much better compared to a simple Dice game, where on average, we will lose for sure.
It’s quite possible for us to make a profit by having a good betting strategy.

Trading vs. Gambling

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Frankolala on July 12, 2024, 03:30:01 PM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Charles-Tim on July 12, 2024, 03:30:50 PM
Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
Many traders will argue this with you. That trading is good not based on luck but knowledge, experience and the pattern that you are using to trade. Although, they will also say that trading is highly risky like gambling and betting but not the same and that trading is not about luck.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: crwth on July 12, 2024, 03:45:26 PM
We all know the differences between trading and gambling and I think it could be summed up in short sentence. Trading is more on speculation whether or not the prices will go up or down and could be improved with analysis while gambling relies on luck only.

We all know there are different variations for gambling, but mostly it’s with luck.

Are you looking for something that would make you earn a consistent income? I think trading would be more feasible for this kind of need.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Egii Nna on July 12, 2024, 03:51:05 PM
The post is so much that I don’t have time to read over everything, but from the topic, I can convey other things. These two sources that you mentioned are apparently different and not even close to being compared because, as you know, trading is more and more unique than gambling. trading has many futures and advantages that will make it far better when it comes to getting profit. because in trading you hardly get addicted because it deals with daily research and having knowledge, and it also includes some helpful techniques that do not make you lose more, like stop-loss and many other 
 
But in gambling, you will just have to stake your money under a prediction that you are not sure of, and if you lose, you will definitely lose all your money, so even though you are supposed to know if you gamble at the same time you trade, you will know that gambling is more risky than trading. 


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: salad daging on July 12, 2024, 03:52:36 PM
It is better to trade to make a profit than to gamble, we know that trading is not based on luck but there are techniques and analysis that they combine with some patterns that they have, so this is not exactly the same as gambling because for me gambling is purely due to luck.

True, both have risks, but you probably know that the biggest risk of losing is in gambling not in trading, even I have many friends who are traders he successfully has a profit in every trade even though it is not big, he is just disciplined to take profits in the sense that when it reaches the target will take profits even if it is only 5%.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Sunderland on July 12, 2024, 03:57:14 PM
The only difference is "initial capital" we need large capital in trading to get decent profits.
With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Charles-Tim on July 12, 2024, 04:02:43 PM
It is better to trade to make a profit than to gamble, we know that trading is not based on luck but there are techniques and analysis that they combine with some patterns that they have, so this is not exactly the same as gambling because for me gambling is purely due to luck.

True, both have risks, but you probably know that the biggest risk of losing is in gambling not in trading, even I have many friends who are traders he successfully has a profit in every trade even though it is not big, he is just disciplined to take profits in the sense that when it reaches the target will take profits even if it is only 5%.

Trading and gambling are both risky. See these:

Trading:
According to a study by the University of California , Berkeley , only about 10 % of traders are able to consistently make a profit and succeed as full - time traders . This means that the vast majority of traders , 90 % , either break even or lose money in the long run.

Gambling:
About 13.5% of gamblers go home from a casino having made any money. This statistic comes from a study of 4,222 gamblers, and only 7 of them won more than $150. Conversely, 217 of them lost over $5000 at casino games. Also, note that those who play more often have lower chances of winning.

I have checked several studies in the past and till now that most people that are trading and gambling are losing money than win. That is why it is good to see both as a way not to make money. But trading is better if you can be patient, not using leverage and not going for highly volatile coins.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Richbased on July 12, 2024, 04:17:18 PM
Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
Many traders will argue this with you. That trading is good not based on luck but knowledge, experience and the pattern that you are using to trade. Although, they will also say that trading is highly risky like gambling and betting but not the same and that trading is not about luck.

I agree with you basically because I have seen a lot of traders who achieve something meaningful through trading but in gambling it's only few people that talks about being successful and majority of gamblers are always at the losing end. Even though trading is as risky as gambling but when you are equipped with the right knowledge and technical skills you can become a successful trader. I have seen a lot of people who are addicted traders and are making it but hardly you see an addicted gambler talk about becoming addicted due to always winning when they gamble. Gamblers always lament about their losses. Traders don't lament all the time because they also gain most of the time. The only reason why trading is not good is because a forex or crypto trader becomes addicted easily unlike a gambler. Before a gambler becomes addicted it means they have had the taste of winning and want to win more or have ran into series of losses and trying to recover losses or maybe wants to get rich through gambling and believes he can get lucky if he gambles continuously. Above all whether a gambler or a trader, they should do it with consciousness and make sure they don't get into severe addiction.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: boyptc on July 12, 2024, 04:20:59 PM
Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.
There are both professionals on these industries. Gambling experts and professional gamblers, on the other side, those that are professionally trading.

We, we're not good with these two and we can say that we can't rely our source from these. But those that have been making these two as their bread and butter, and they're able to prove themselves we can't question them if they're telling that they're good in their own expertise.

This discussion of trading and gambling is going to be an unending discussion with its comparison.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: salad daging on July 12, 2024, 04:21:32 PM
Trading and gambling are both risky. See these:
Yes, that's what I said:

According to a study by the University of California , Berkeley , only about 10 % of traders are able to consistently make a profit and succeed as full - time traders . This means that the vast majority of traders , 90 % , either break even or lose money in the long run.
About 13.5% of gamblers go home from a casino having made any money. This statistic comes from a study of 4,222 gamblers, and only 7 of them won more than $150. Conversely, 217 of them lost over $5000 at casino games. Also, note that those who play more often have lower chances of winning.
Research this:
10% traders to make a profit.
Gambling was only 13.5% of the 4,222 gamblers in the overall study, so in the overall trade it is better because there is no mention of the number of traders involved.

I have checked several studies in the past and till now that most people that are trading and gambling are losing money than win. That is why it is good to see both as a way not to make money. But trading is better if you can be patient, not using leverage and not going for highly volatile coins.
I didn't do any research on trading, just have a friend he trades in futures with low leverage, he just showed the little profit he made, he also said he had experienced losses.

So I agree with you trading is better as long as we are patient, maybe that is the key.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Agbamoni on July 12, 2024, 04:28:03 PM
Both are associated with risk, no one is better than the other. Only that one may have a better advantage over the other in terms of the possibility of giving you profit or returns. The difference between trading and gambling is that trading has a pattern especially when you are trading the stock market which means there is a strategy that can be used to harness risk and make a profit. While gambling is mainly structured on luck. Now compare both and see which you feel if you go into will give you better profit than the other at the end of the day.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Hispo on July 12, 2024, 04:29:02 PM
I don't think gambling and trading are as comparable as you may think they are actually. A gambler in the long term is always supposed to statisticslly lose money to the casino, so the establishment can continue to function and also to pay winners, on the other hand, statistically traders not only depend on luck or in the randomness of the market, there are indicators, rumours, news to be followed, and patterns in the candle graphs which can be auxiliary in the objective of the trader to make a profit, it is very different from the approach slots, dices and crash have, in my opinion.
With trading, a person has more control over the risk they are willing to take and can also choose which market is more suitable for them. So while there is indeed a component of luck with trading, is not so dominant as it is with gambling.

Just my two satoshis.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Nrcewker on July 12, 2024, 04:31:15 PM
It’s very simple to answer. Gambling is all about luck, whereas in trading some luck and more skills are required. So in the long run, yes, trading can give you good profits if you do the research properly and do the analysis according to the market. On the other hand, in gambling, the probability of getting huge returns is high, but you also need to take an equivalent amount of risk. At the end of the day, it’s all about your risk-taking ability. Be it trading or gambling, the higher the risk you take, the more profit you make. Hope this clears some of the confusion.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: electronicash on July 12, 2024, 04:46:51 PM

there's less risk if you hold and trade your coins during bull market. the only time when trading becomes more risky is when you do it in the futures market or become a day trader in the spot market. gambling has always been risky whether you are a seasoned gambler or not.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: danherbias07 on July 12, 2024, 05:15:05 PM
Trading is better as long as you know what you are doing. Gambling is all high risk so "making money" will be an impossible feat to do unless you are good at live poker and sports betting.
In casino games, you better just surrender and that is based on experience. We play that just to enjoy the emotional roller coaster that it could bring but winning is not part of it.

In trading, there's always a chance to win, and like I said you must know what you are up against. It's not you but the traders who can manipulate and shake the market as they please. You can always join a group but there's no assurance that it would make profits forever.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Ruttoshi on July 12, 2024, 05:28:22 PM
Gambling is done for fun and not for making profit because the possibility of making profit in gambling will determine on your luck and luck comes once in a while making it very difficult to make huge profit from gambling only people that their luck is in gambling.

Trading on the other hand is something that when you have a proper knowledge and long time experience in the market can bring huge profit to you if you understand what you are doing. Skill is capable of making you rich but in guessing or luck is 50-50.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Marvelockg on July 12, 2024, 05:29:25 PM
Trading is more analytical than gambling and it's easier to make more money from treading compared to what you will get from gambling. It's been argued by many that trading is another form of gambling and while we can't despite the fact that both outcome are independent of the person that's performing the task, it's easy to gain experience in trading and overtime experience an high level of consistency in your profit but very rear before you see a gambler being too experienced in gambling to the point where look loses becomes too minimal.

It's a personal preference and choice to choose between gambling and trading and for some religious people that see ganbing as a bad thing, most of them will generally choose trading over Gambling but generally whichever one you do desire to work with is totally okay. A combination of trading and gambling wouldn't also be a bad option and if you're a good trader that loves a particular sports, you could choose to gamble on that sports without it having any form of negative effect on your on the latter.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Reatim on July 12, 2024, 05:29:51 PM
Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.

I agree that there is some little bit of luck involved in both. In sports betting you are trying to speculate whether he will win or lose. In trading you are speculating whether the market will go up (win) or go down (lose).

With sports betting, you can learn the statistics and while in sports anything can happen and not everything is definitive there’s still a higher chance for you to win if you bet on what seemingly is a good choice based on previous matches.

We can apply this to trading as well. Past trends can point you to what could possibly happen in the future. If you see a pattern reoccurring the chances of it having the same outcome as the one from before will be quite high. Both analysis cannot always be accurate. However if I were to choose which one I think can generate more profit I would go with trading. It’s less unpredictable, imo. Not to mention you don’t have to exactly wait for a match to earn. Depending on the market’s volatility you choose you can always go for a day trade or even less than that. While with sports matches, how often does it happen?



Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: HelliumZ on July 12, 2024, 05:45:23 PM
Re: What’s better to make a good profit - Trading or Gambling?
Both trading and gambling are good profit if you are lucky but there is more guarantee of good profit from trading than gambling. Suppose you placed a bet on a match and if you lose the match after placing the bet then all your balance will be lost forever. In this case you will not get any profit. But if you buy a commodity in trading and the price of that commodity falls in the market, your capital will not become zero forever. You will not get profit in this case but you will get back your balance at least.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Dewi Aries on July 12, 2024, 05:55:52 PM
At first glance I think it is clear that the answer is trading, even though trading and gambling are both risky activities, but if the question is which one is better to use as a place to make a profit then yes of course it is trading, because it is clear that trading depends on skill. and your knowledge, meaning that when you have a lot of knowledge, experience and hours of experience, you will be able to get consistent profits like those made by traders who are now quite successful.

Meanwhile, on the other hand, one of the reasons why gambling should not be used as an option is because of course gambling is an activity that does not depend on anything other than luck. I understand that there are several types of gambling that can be analyzed, but in the end it is luck that will be able to confirm your victory. This means that there is no certainty that gambling will always benefit you, and also what we have to understand here is that there is no connection in terms of results in gambling, meaning that even if for example you win now, it doesn't mean that in the next session you will win again, or vice versa.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: bering on July 12, 2024, 05:55:58 PM
To gets profit in trading it is required skill and knowledges besides these things trading also required experience and some of professional traders can make good profit from trading because they have good ability to predict the market movements or market habit even from trading some people can gets steady income so this proven trading can be a good profession for some people because from this way people can gets steady income and make living
But for gambling people generally know skill isn't too required to do a gambling because almost every people can starting to gambling as long as they have money but the results of gambling will depend on people luck and in my opinion although both of these has equal risk but i think they cannot be compared because people always be answers trading is the best place to gets profit rather than gambling


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: passwordnow on July 12, 2024, 05:56:34 PM
To answer the question, profit is profit. So regardless whether it is coming from trading or gambling, as long as you're able to win them clearly, it doesn't matter. What matters today is about how profitable we are. Both trading and gambling are known to be risky and it's hard to profit with it if you don't know how to do it. Actually, even if you know what you're doing, it's really hard to profit from it.

I'll use myself as an example, even though in gambling, I know my bets and I've been an avid fan of the kind of betting that I am doing. It is inevitable to get some wins. And when I say some, you literally win some and lose often. And the same goes with good traders, the time of having bad trades are there and you can't skip that. You can have as much strategies as you can but even having that, you can't always have a good day.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: m2017 on July 12, 2024, 06:09:59 PM
~snip
Another question with a pseudo-dilemma on the forum. I don’t see any problem with choosing trading or gambling as a source of income, because I don’t consider either one as a way to make a good profit. :) If you want to increase your profitability, then master those skills that can be sold at a high price on the labor market.

If you are seriously convinced that you can make good money in trading or gambling, then do what you are better at and, as a bonus, brings pleasure. Why impose one thing as a universal way to make money?


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Rockstarguy on July 12, 2024, 06:23:16 PM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.
Gambling cant be predicted and it is not what one needs to depend on to get profit. Profit in gambling is not always certain that is why when you depend on gambling for profits you may end up regretting.  

Despite trading is all about losing and making profit it is very possible for a trader to make good profit in trading when it it is well understood. Trading is a skill that people can learn very well to make good gains from it but in gambling the case is different,  no matter the knowledge and experience one may have as a gambler there is no guarantee of one winning games always , gambling is not what you can always expect profit from. It won't be a good idea for people to think that money can be generated from gambling.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: iv4n on July 12, 2024, 06:33:51 PM
You can't know which is better for you until you try both. We can talk as much as we want, but it has already been repeated many times "What works for one does not necessarily mean that it will work for others, what works for others does not necessarily mean that it will work for you".

I already used this reference today, but I think I will have to use it again. Talking about swimming will not get you far, you need to jump in the water and start moving, it's how you learn to swim. So don't be afraid to try both, to try different strategies... don't be afraid to lose some money, think about it as paying to learn something. I know that the vast majority think that with big money it's easier to make a profit, but don't force yourself, use the amount that you can afford to lose, and try to make the best from that amount.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: slapper on July 12, 2024, 06:34:36 PM
Trading and gambling involve more than money, right? Man, they're mirrors of how we handle life's craziness. Trading involves human psychology as well as numbers. Your goal is to predict market joy and panic. Great depth, guy. The best traders are psychologists and modern-day shamans.

Gambling is rough. This stripped-down life is a risky gamble we're all taking. Every decision is a bet against the cosmos, right? Accepting gambling, especially regulated versions like sports betting, is like saying, "Alright, I get it." Learning to love uncertainty and danger. You may leave ahead in your wallet and in your comprehension of this crazy, beautiful game called life.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Su-asa on July 12, 2024, 06:51:48 PM
If you are contemplating whether you should gamble or trade crypto in other to make money, I think the best way is to trade crypto because crypto trading is more better than gambling because it's a thing you can understand how to do better. A trader might understand the market properly but a gambler can not understand the odds in gamble because a game that has 2 odd today will not have the same tomorrow. However the both of them are risky but you should understand that trading is for those that are looking for a way to make money but gambler is part of fun and only few gamblers are gambling for profits.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: coolcoinz on July 12, 2024, 06:58:51 PM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

How about being professional gambler who's given free tournament invitations and sponsorships from casinos? I'd say they earn more money than professional traders, but then we have to realize that you can be a pro trader trading thousands of dollars, and a professional who trades millions. It all depends on how much money you have to play with.

Trading and gambling are very different. The most basic, but also the most important difference is that when you trade, you almost never lose it all. You bet $100 and if the trade goes bad, you lose 20%. In gambling you bet $100 and often 10 seconds later you're at 0, or 200.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Charles-Tim on July 12, 2024, 07:38:05 PM
How about being professional gambler who's given free tournament invitations and sponsorships from casinos? I'd say they earn more money than professional traders, but then we have to realize that you can be a pro trader trading thousands of dollars, and a professional who trades millions. It all depends on how much money you have to play with.
There is nothing like professional gambles. If you are referring to streamers, they earn money through endorsement and not from gambling. Some people make money from trading also by teaching people but that is not also trading.

Trading and gambling are very different. The most basic, but also the most important difference is that when you trade, you almost never lose it all. You bet $100 and if the trade goes bad, you lose 20%. In gambling you bet $100 and often 10 seconds later you're at 0, or 200.
Some traders will go for high leverage and their trading assets woukd be liquidated very fast if the trading go against them. Some traders go for highly volatile coins that can make the liquidation price to be easily gotten to by using high leverage.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Davidvictorson on July 13, 2024, 08:59:23 AM
Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
I disagree. Saying that trading is based on luck is like an insult to successful traders who have put the work to achieve the level of success in their trading career. Trading is no based on luck. You can not jump into a trade with the proper and adequate knowledge of technical and fundamental analysis and the others. Nothing about trading is based on luck. A lot of skill is involved. And in gambling also there are games that are not based on luck but proper skill because you are not playing against the house but another skilled player and not luck or talent is involved here.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: mirakal on July 13, 2024, 09:14:55 AM
Which one?
Well, the answer remains uncertain as it depends on us, our capabilities, and our wants. If I tell you that trading is profitable because that is based on my experience, I will also think you become profitable as well if you work hard. But if I tell you that I make more money from gambling because I was too lucky, you can have the same if you are too lucky as well. But on the other side, never assume that what will happen to other people will also happen to you, not all. Because we all have differences, if someone is good at trading, it is possible you are not. The same with gambling, not all are lucky, and not all are good at the same thing.

You can find which one by doing them both. But if I were you, consider your passion when choosing.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: kotajikikox on July 13, 2024, 09:21:47 AM
There are different kinds of trading out there and one that stuck with me was leverage trading. For one particular reason is that they say that leverage trading which is basically borrowing money from an exchange to trade is basically a gamble.

You are betting money that you do not have. I guess both trading and gambling have a lot more in common than most people think. It is all speculative but gambling is the one seen as a more dangerous and less rewarding than the two.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Zlantann on July 13, 2024, 09:50:09 AM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

Some people claim that they are surviving through crypto trading and I have no reason to doubt them because I don't have any experience. But it requires a whole lot of skills, experience, and money. A trader needs to understand the basic and technical concepts of the business before he can start making profits.

But I prefer gambling to trading. You can be lucky to win big with small funds in gambling but in most cases, you need to invest more in trading to get high profits. Gambling can be easily understood without much reading or experience, but that's not the case in trading. There are cases where first-time gamblers win big because they are just lucky. One can be easily scammed while trading because there are too many coins in the trading ecosystem. But in gambling, you are secure if you choose reputable casinos.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Taskford on July 13, 2024, 09:50:20 AM
Both could able to give you good amount of money if you are good on what you are doing.

Not everyone will say that people could able to earn more on trading than gambling and likewise with these selection.

People have different niches that's why we can see that there are people earning good money came from their activity. Then also there are people which is good on technicalities on trading then earn also a lot of money with it.

So overall there's no exact answer on your question or comparison since at the end of the day. It always depends on the person on where they are good at.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: topbitcoin on July 13, 2024, 10:02:59 AM
Trading vs. Gambling

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.

Interesting enough, but do you know the whole difference between gambling and trading? If you generalize that trading is the same as gambling, you are indirectly saying that a trader is a gambler.

That's not wrong, because some people who trade do have a gambler's mind, I think you see from it, where they analyze the funds find a potential to set a position in a market price movement, then that's what is called a speculation, unfortunately in trading you can manage the profit you might get, the risk you manage will be better, along with if you know early about a news maybe you can get a moment to get a profit in the market, while gambling is not like that, it doesn't require much analysis, let alone just based on luck without any way to anticipate experiencing excessive losses if you take a position in gambling.

I am one of those people who say that gambling is not the same as trading because they are two different things, but in practice you may use the same method as gambling which is guessing without any clear calculations and relying on your gut feeling you have gambled on trading.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Mr.suevie on July 13, 2024, 10:07:20 AM
Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
I disagree. Saying that trading is based on luck is like an insult to successful traders who have put the work to achieve the level of success in their trading career. Trading is no based on luck. You can not jump into a trade with the proper and adequate knowledge of technical and fundamental analysis and the others. Nothing about trading is based on luck. A lot of skill is involved. And in gambling also there are games that are not based on luck but proper skill because you are not playing against the house but another skilled player and not luck or talent is involved here.
This is actually the believe that petty trader have that's makes them dive deep into trading they can actually do it like every other successful trader out there but they forget that trading is actually not luck base and requires maybe years of training and lots of patience and so many traders like you said have proven that it's quite possible to be successful in trading.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Lida93 on July 13, 2024, 10:15:27 AM
Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
Many traders will argue this with you. That trading is good not based on luck but knowledge, experience and the pattern that you are using to trade. Although, they will also say that trading is highly risky like gambling and betting but not the same and that trading is not about luck.
You're definitely correct C-T, there's no such thing as luck dominating the outcome of trading to profit making as it's profoundly acknowledged about gambling how without any form of knowledge anyone can make profit from gambling by getting lucky.

But with trading you don't hold on to luck to make profit, you must acquire the right knowledge, strategy, understand and know and how to identify patterns before you can win a trade.
Trading and gambling is said to be risk. Agreed. But the risk involved in trading is that luck can't save you as it would in gambling.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Dailyscript on July 13, 2024, 10:15:57 AM
To answer the question, profit is profit. So regardless whether it is coming from trading or gambling, as long as you're able to win them clearly, it doesn't matter. What matters today is about how profitable we are. Both trading and gambling are known to be risky and it's hard to profit with it if you don't know how to do it. Actually, even if you know what you're doing, it's really hard to profit from it.

I'll use myself as an example, even though in gambling, I know my bets and I've been an avid fan of the kind of betting that I am doing. It is inevitable to get some wins. And when I say some, you literally win some and lose often. And the same goes with good traders, the time of having bad trades are there and you can't skip that. You can have as much strategies as you can but even having that, you can't always have a good day.
No one is arguing that profit is not profit. Yes it is but which of them can assure of having a profit after putting your money into it? Of course, you would say trading because it is something that can be learned and practiced. Which means if one is more educated in trading he has chance of being successful. Gambling should not be considered as a first choice to make money is even more risky than trading. The reason is that when gambling it is typically based on uncertainty and fully luck. Luck comes from several trials, yet some people never get to have that big luck. If you have enough money to trade then there is a tendency that you could use a small pick or size then go in with a good equity and expect a good profit. Things like this cant happen in gambling because the chances of winning is very low.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Beparanf on July 13, 2024, 10:31:07 AM
Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit. It’s said quite often for Gambling and Trading to be a source of income despite very speculative gains, so let’s discuss how Trading or Gambling can deliver us profits and which one is better.

To finish this discussion already, Gambling is not a financial tool that can be use to create profit because it’s a form of entertainment. The house edge is a clear indication that you can’t use it as financial tool because you have the disadvantage.

Trading on the other hand is a financial that often use for income generation through investment. It’s no brainer that the answer to this thread question is trading due to the difference on their purpose. Gambling is dedicated for enjoyment while trading is a financial tool.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Kelward on July 13, 2024, 10:59:59 AM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.
There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: chmod755 on July 13, 2024, 11:03:48 AM
I once won a 5-digit sum on Satoshi Dice but I knew the risks.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: ChiBitCTy on July 13, 2024, 11:08:44 AM
I wonder what percentage of this forum mentions “profits” per every , say ..10 posts. I’d gamble a lot on that, speaking of gambling profits.

This is so situationally based, it’s impossible to say without referencing specific situations. I will say this, I know a good amount of people on this forum are in poorer nations /situations and think this is the answer to making money..it’s not.  Buy shares of an S&P 500 fund, put the money toward btc for long term growth, invest “gamble” in semiconductors etc. I’ve been a financial advisor for nearly 20 years and have done well investing and I never trade as it’s not for most as it takes a lot of time , skill and knowledge and even then it often ignores fundamental analysis.

Gamble for fun , not to make money and don’t trade, invest.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Frankolala on July 13, 2024, 11:09:41 AM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

Some people claim that they are surviving through crypto trading and I have no reason to doubt them because I don't have any experience. But it requires a whole lot of skills, experience, and money. A trader needs to understand the basic and technical concepts of the business before he can start making profits.

But I prefer gambling to trading. You can be lucky to win big with small funds in gambling but in most cases, you need to invest more in trading to get high profits. Gambling can be easily understood without much reading or experience, but that's not the case in trading. There are cases where first-time gamblers win big because they are just lucky. One can be easily scammed while trading because there are too many coins in the trading ecosystem. But in gambling, you are secure if you choose reputable casinos.
Yea, I agree with all that you mentioned on gambling because hitting the jackpot is possible even if you don't have any skill or knowledge of the game. Gambling is also used as a means of entertainment and relief of stress whereas trading is very boring and stressful which is the opposite of gambling.

The punchline is that trading is like going to school learn a course and practice gives you the best experience in the market, if you don't dedicate your time, money and effort on it, you will not make profit but gambling can be done without taking it serious and before you know it, you might be lucky. I don't also trade because I don't have the patience it needs to learn better.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: irsykes on July 13, 2024, 11:30:00 AM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.
There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.
I agree with you, all life activities have risks just in different sizes. All fields will not be far from this sacred thing, it's just that everyone who wants to take the step to do so has thought about the risk of responsibility that must be accepted. like gambling, the risk of losing money is the main basis for knowing what will happen if we don't win. Saving money or trading also carries risks. Sometimes even professional traders are not always 100% sure there are unexpected risks.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: coin-investor on July 13, 2024, 03:22:15 PM
Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit. It’s said quite often for Gambling and Trading to be a source of income despite very speculative gains, so let’s discuss how Trading or Gambling can deliver us profits and which one is better.
Your motivation to take up trading is to have a source of income, and you can do that if you have the time and perseverance to learn how trading works; something you cannot say about gambling because whatever strategy you employ and how much time you invest its not possible to make money from gambling because it's a luck based game.
Quote
Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.
Both are risky, but there is a greater risk in gambling because gambling is more addictive than trading; gambling releases dopamine, the reward system that makes gambling addictive.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: robelneo on July 13, 2024, 03:38:35 PM

Trading vs. Gambling

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
But there are a lot of e-books and courses about trading and traders are buying and taking up these courses because there is a potential profit if properly implemented all the courses, something you cannot say on gambling.

You will laugh and call it a scam if someone sells you courses on how to make money from gambling because it's not really possible to make consistent money from gambling, so between gambling and trading those profit seekers will opt to choose trading.



Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: cryptoWODL on July 13, 2024, 04:05:50 PM
Both trading and gambling involve risks. But if you are a professional trader then you will be able to earn more money from it. Moreover, which trade will do spot trade or future trade. If you involve yourself in futures trading you will think that it is more risky than gambling because can lose your money at times as many traders have lost even I lost my money in this trade. But if do spot trade, your risk level will be less, if you wait a little patiently, can profit by selling when the price rises.

Although many are professional gamblers, they lose money from their gambling because gambling depends entirely on luck. In gambling the loss is greater than the gain.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Dewi Aries on July 13, 2024, 04:35:56 PM

There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.
I agree with you, all life activities have risks just in different sizes. All fields will not be far from this sacred thing, it's just that everyone who wants to take the step to do so has thought about the risk of responsibility that must be accepted. like gambling, the risk of losing money is the main basis for knowing what will happen if we don't win. Saving money or trading also carries risks. Sometimes even professional traders are not always 100% sure there are unexpected risks.

Yes, that's true and regarding the issue of high or low risk it depends on the activity, but if we compare trading with gambling then yes of course I think it's clear that gambling has a much higher risk than trading, because gambling completely depends on luck while trading depends on on how skilled you are and how much knowledge you have about various ways that can bring profits, such as strategy, one of them.

Basically, these two things are indeed risky activities regardless of the difference in the level of risk, but the point is that as long as you can manage and control everything properly and correctly without exceeding your limits then you will be able to avoid various bad possibilities such as losing significant amounts of money. . On the other hand, as you said, even professional traders do not always end their trading sessions with a profit, sometimes they also experience losses, but that is normal because after all trading is a risky activity, and I would say that if you trade without being based on any knowledge and knowledge ( guessing without any reason) then it can actually be said to be gambling.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Mr. Magkaisa on July 13, 2024, 04:58:24 PM
             -    The majority on this platform of the forum know that often we can really get a profit from trading and not gambling online here in cryptocurrency, frankly speaking.
It only becomes bigger than maybe in gambling when someone gets a jackpot playing gambling.

Or if you know the tricks to win gambling online, but if it's just a typical gambling game, it will be a bit difficult for any gambling player to win to get a profit from it.
So, still Trading is the most useful tools for us to earn most of the time.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: ethereumhunter on July 13, 2024, 05:02:51 PM
I choose trading than gambling to make money. When we trade, we have an opportunity to make money especially when we have good skills in analyzing the market. If we stuck in the high price and we can hold the right coin, we will still have a chance to make a profit. But when we playing gambling and lose the money, we will difficult to gets the lost money before because casino will not allows us to do that easily.

But trading without having skills and just predict the market is like gambling and that will makes us difficult to make a profit. We can gets lose our money and can't gets the profit because we holds the wrong coins that will difficult to increase high. When you playing gambling, you should not trying to chase the wins because that will be difficult for you. So you knows how to treat gambling and trading properly and knows which can gives you the profit.


Title: Re: What’s better to make a good profit - Trading or Gambling?
Post by: Nwada001 on July 13, 2024, 05:11:40 PM
The only difference is "initial capital" we need large capital in trading to get decent profits.
With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
Another difference that you can also add is that, in gambling, if you lose that $100 that you deposit, there is no way that you will be given a chance to win it back without looking for a means to add another $100 to your account and continue your gambling again. 
 
But for trading, it's hard for you to get your asset 100% liquidated unless the person trades in the future, and with high-risk leverage, if not, there is always a chance for you to gain back your initial capital if you can realise your mistake on time and retrace your steps.