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Economy => Gambling discussion => Topic started by: fingnome on September 25, 2023, 08:43:05 AM



Title: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 25, 2023, 08:43:05 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hirose UK on September 25, 2023, 08:56:05 AM
Nowadays trading has been watched by quite a lot of people even big people with unlimited wealth take part in the trading industry to be able to make a number of profits and these rich people use several sophisticated tools to carry out every purchase and sale transaction thereby maximizing profits and minimizing losses.
Maybe this will affect us traders who have limited capital and want to make small profits because the price graph experiences more significant ups and downs and makes us often late in the buying or selling process.
But when it comes to trading and gambling there are actually many differences and disadvantages and advantages of each of these two activities.

In my opinion I would not consider daily trading to be like betting because in daily trading we can determine any time and take a more dominant profit depending on the target we have.
Obviously trading has a level of certainty that we can see and all profits depend on the amount of capital and what selling price we decide.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Beparanf on September 25, 2023, 09:01:20 AM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Coin flip has a defined winning chance rate while day trading has a dynamic winning chance rate depending on how good you are on trading. So I say trading is more on gambling if you don’t know what you are doing such us newbies buying bunch of random shitcoins without doing research first.

On trading, you have a chance to improve your winning probability while gambling is purely relying on luck since you can’t improve the outcome no matter how good you are.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Oshosondy on September 25, 2023, 09:07:30 AM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Day trading is different from gambling but it can be gambling for those that did not understand how it works. Even in day trading, people can lose more just like in gambling because they are not getting it. If it is learned and not using more than the amount you can afford to lose and not using leverage, you will make money from trading if you learn about when to open a position. Sine when I have been trading and gambling, I lost huge amount in both, but when I know more about trading, I gain in it than gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Yogee on September 25, 2023, 09:14:11 AM
Does coin flip have some level of skill to increase your chances of winning? I mean does height or calculating the speed of the spin play a role in determining the outcome? If the answer is no then you can't really equate that to day trading where charting skill is quite vital.

I get where you're coming from though. Day traders get it wrong or just gets lucky most of the time so that's where it's compared to gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: bettercrypto on September 25, 2023, 10:13:33 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

You know the truth: they have the same risk as you do. In flipping, because most of the time they hold the goods for a long time, what they always do is sell them immediately or quickly. Unlike trading, this is done because you know as a trader that you will get some profit, whether short-term or long-term. That's the difference between the two.

So, if you ask me, trading is actually better, because these Flippers seem to be the kind of people who are impatient and want to sell immediately and make a profit in a short period of time. Unlike trading, the difference here is quite big.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: serjent05 on September 25, 2023, 10:39:54 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Coin flip might be simple but it is still a gambling activity where one cannot mitigate risk except to manage the bankroll.  While trading might be a complex activity, but risk management has a huge effect in mitigating risk to a minimum.  It is that trading needs a lot of patience and research to master. 

So I say no, trading does not seem more of a gamble compared to a  straight-up coin flip.

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

You know the truth: they have the same risk as you do. In flipping, because most of the time they hold the goods for a long time, what they always do is sell them immediately or quickly. Unlike trading, this is done because you know as a trader that you will get some profit, whether short-term or long-term. That's the difference between the two.

So, if you ask me, trading is actually better, because these Flippers seem to be the kind of people who are impatient and want to sell immediately and make a profit in a short period of time. Unlike trading, the difference here is quite big.

I think you have mistaken a coin flip gambling games to a trading activity called flipping.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Accardo on September 25, 2023, 10:44:14 AM
Day trading is risky and has a limited daily income for individual traders, some can earn $40 a day and others above it. Though it's not guaranteed, because of losses. But, it has a way of getting it work for the traders unlike flip coins. No strategy can determine the wining side of the coin, it's all luck. Day trading, because people lose a lot like in gambling, isn't a game. And because we win cryptocurrency in gambling doesn't make it a trading activity. They are both different methods of participating in gambling and trading. Participating with caution, is the only similarity between them. The 50/50 chances in coin flip, doesn't reduce the high risk of losing too. Personally, I prefer flip coins to day trading, because no skill is required to flip coins and win money. Yet the slim earning opportunity the both activities provide still looks like a 50/50 choice.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: avp2306 on September 25, 2023, 10:45:37 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

This topic is not meant to be posted on gambling section since the type of topic you created belong to gambling discussion. So maybe best for this thread to move on its right board so that we can discuss smoothly without bothering those gambling ann threads which is been searching by other people used to visit this section.

Also its to far to compare coin flipping and trading because the level of risk is different but if you ask which is more better then I would choose day trading is more better.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Latviand on September 25, 2023, 10:49:28 AM
Trading isn't the same as gambling albeit there are many similarities that people are trying to force in, trading doesn't rely on luck for you to win in your trades, an in-depth analysis of what could be the behavior of the market for the day is a big help in your trades unlike in gambling where you're pretty much on the mercy of the probability of the gambling game you're playing. Although they both carry an inherent risk, you're better off risking your money trading blind than gambling because you can still get out in a loss in trading unlike gambling where you won't get your money back if you lose (which is the likely scenario most of the time).


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Solosanz on September 25, 2023, 10:58:19 AM
If you still trading is same like gambling, I suggest you to read the definition and try both of them first.

Both of trading and gambling has a chance to lose, but in trading you will not lose all of your money as long as the coin doesn't blacklisted by the exchanges (I not consider futures is trading).

Flipping coin is only depend on luck while trading depend on many factors, but mostly two factors e.g. analysis and luck.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: ethereumhunter on September 25, 2023, 11:30:00 AM
If your trading is not based on analysis, you are gambling with trading. You will find it difficult to make a profit because you only hope to make a profit from buying coins randomly without analyzing them. But if you really analyze it to find the right coin to trade with and can enter the market and exit well, you can make a profit. So you already know the difference between trading and gambling; trading without analysis is the same as gambling because it only trades randomly.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: aioc on September 25, 2023, 11:34:45 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

On day trading if you have the tools and the perseverance to learn you can continuously make money from trading while on coin flip you have the house edge to deal with and it's hard to beat the house the longer you play the longer the house will show its edge, I used to play hours on coin flip and its like a dice game the house will always have the edge and will eventually beat you but compared to gambling you can enjoy the excitement while on trading you are preoccupied with graph movement and I don't find this pleasing and enjoyable.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: DabsPoorVersion on September 25, 2023, 12:18:04 PM
Gambling is different from trading.
Trading needs analysis, study, experience, etc. There are a lot of things to consider when you place a position in trading. There are some so-called traders that do not base their trading on analysis, it's more like they tend to place position based on other people or based on luck which we can't differentiate in gambling.
In gambling, it depends on the type of game. If it's card game, there are games that also require analysis, skill and experience. And if it slots, all based on luck.
They seem to be the same for some, but they are not and have lots of differences. It always depends on the people who do trading/gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: coin-investor on September 25, 2023, 12:25:29 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
My question is have you tried both, I have tried I loss both but its different on coin flip because you can lose everything I loss on trading because I don't have the needed experience, time and tool for me to trade effectively trade but I'm confident that I can make profit from day trading, you cannot say that on Coin flip because there is no strategy that you can employ, for you to have a chance to win, your chances is better in day trading if you have the requirement whereas on coinflip the house always have the edge and that edge can strike anytime leaving you nothing its a pure luck based.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: blockman on September 25, 2023, 12:58:07 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Margin trading is more of gambling. But let's take it that anything that allows you to risk money and there will be a chance to win and lose, that's gambling.
Whether it's coin flip or anything that wants you to bet some money, it's a gamble. In trading, people often compare it as a type of gamble because of how quick things are escalating.
The risk is present for whatever type of trade you do and many do considers that as a way to gamble with your money.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Doan9269 on September 25, 2023, 01:06:03 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Trading still remains trading no matter how we engage it, gambling is also gambling and different from trading, but we could sometimes relate the two together when it involves loosing ones money completely by taking risk, now this have to depend on the way we make each one of them to appear, some people can go nasty with trading and you will think they are just gambling out their crypto investment while some already knows how to manage themselves and play safe without taking much risk, trading may look like gambling but gambling isn't can never look like trading.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: AbuBhakar on September 25, 2023, 01:16:45 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Totally no since coin flip is a literal gambling while day trading rely on strategy on how to improve your profitability. The only time day trading is more risky is when the trader is using high leverage trading that has very low liquidation ratio.

But considering normal day trade to be compared on coinflip, coin flip will always be more risky than trading since coin flip result to immediate loss while trading only result to paper loss only unless you sold.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 25, 2023, 01:26:43 PM
Nowadays trading has been watched by quite a lot of people even big people with unlimited wealth take part in the trading industry to be able to make a number of profits and these rich people use several sophisticated tools to carry out every purchase and sale transaction thereby maximizing profits and minimizing losses.
Maybe this will affect us traders who have limited capital and want to make small profits because the price graph experiences more significant ups and downs and makes us often late in the buying or selling process.
But when it comes to trading and gambling there are actually many differences and disadvantages and advantages of each of these two activities.

In my opinion I would not consider daily trading to be like betting because in daily trading we can determine any time and take a more dominant profit depending on the target we have.
Obviously trading has a level of certainty that we can see and all profits depend on the amount of capital and what selling price we decide.

Big folks with big tools do make the trading world a rollercoaster! 🎢 But ain’t it fun to think that even with all their gadgets, they might just be flipping a fancy, digital coin? Trading or flipping, we're all dancing with luck and chance, just with different tune


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Kasabus on September 25, 2023, 01:28:02 PM

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Of course, I would go for day trading if I intended to develop my skills and be successful in the long run. On the other hand, you are talking about a coin flip, which is 50/50. You won't have an advantage in that; your only chance to win is luck, and no one is lucky all the time. So, that is not something to focus on, probably for entertainment purposes only.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wiwo on September 25, 2023, 01:29:34 PM
What is this thread still doing in the gambling section when we already know that trading discussion,  because that is where the thread best fits into,  but then also if you want to compare trading to gambling I will tell you that both are in the same category and at that, we have to major our risk and put than amount that we can afford to lose while engaging in both gambling and trading.

My response in the second paragraph is based on the title of the trade and for that, it doesn't the possibility of having this thread moved to trade discussions.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wind_FURY on September 25, 2023, 02:18:58 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip


My personal take? If a person has a more than 50% edge on the market, then it's more than profitable than flipping. But if he/she has less than 50% edge, then he/she might get a more profitable opportunity flipping and get a lucky winning streak. Haha.

Although practically speaking, our expected value in flipping a coin is  = ZERO, and 90% of "traders" expected value in trading is negative. For plebs like us, it's actually better to have a very low time preference and HODL.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 25, 2023, 02:26:03 PM
Day trading is risky and has a limited daily income for individual traders, some can $40 a day and others above it. Though it's not guaranteed, because of losses. But, it has a way of getting it work for the traders unlike flip coins. No strategy can determine the wining side of the coin, it's all luck. Day trading, because people lose a lot like in gambling, isn't a game. And because we win cryptocurrency in gambling doesn't make it a trading activity. They are both different methods of participating in gambling and trading. Participating with caution, is the only similarity between them. The 50/50 chances in coin flip, doesn't reduce the high risk of losing too. Personally, I prefer flip coins to day trading, because no skill is required to flip coins and win money. Yet the slim earning opportunity the both activities provide still looks like a 50/50 choice.

I hear you! Day trading and coin flipping sure are worlds apart in strategy, but both do tango with chance in their own ways. It’s interesting to hear you lean towards the straightforwardness of coin flips, embracing the simplicity and pure chance it brings. Thanks


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: mirakal on September 25, 2023, 02:36:12 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Coin flip has a defined winning chance rate while day trading has a dynamic winning chance rate depending on how good you are on trading. So I say trading is more on gambling if you don’t know what you are doing such us newbies buying bunch of random shitcoins without doing research first.

On trading, you have a chance to improve your winning probability while gambling is purely relying on luck since you can’t improve the outcome no matter how good you are.
Well, I can’t say that day trading will fall as a gambling simply because you don’t rely on pure luck as you have your skills and winning strategies that will keep you an edge over the market. But coin flip will always be gambling as it is because the chance to win is very low while giving a higher advantage on the house itself. The only way day trading becomes gambling is when you day trade knowing the fact that you’re not a reliable trader. You only trade because your peers are telling you to do so, clearly it’s a form of gambling instead.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Out of mind on September 25, 2023, 02:53:03 PM
Quote
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Day trading is different from gambling, but many people compare it to gambling. But day trading is essentially the same as gambling with the possibility of losing money if traded without understanding, just as a gambler who bets without understanding will lose his money, just like in trading. If you have the knowledge and experience to adopt the strategies you can earn daily from trading and gambling, and if you don't have the knowledge about it, it won't be possible. Gambling and trading are both risky if you deposit money here there will definitely be a chance of losing in that case many people have lost such money, so be sure to learn and then bet and trade with money, but it is possible to make a profit.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Slow death on September 25, 2023, 03:28:50 PM
Day trading is not similar to gambling, in day trading the person studies the market a lot, does a lot of technical and fundamental analysis of the market and then buys and when buying the person puts stop - loss which allows the person to be able to buy and when the forecast is wrong and the price drops, that person will only lose a little money. There are very good strategies for making money trading and reducing money losses, but in general day trading is less risky than gambling. just ask ourselves how many people became addicted to gambling and how many people became addicted to day trading and we will see that the number of people addicted to gambling is a much greater number than the people who do day trading

and in my opinion this difference in the number of people addicted to gambling is a much greater number than the people who are addicted to day trading (I confess that I have not yet seen anyone saying that person X or Z became addicted to day trading) if This is due to the fact that in day trading people know that they are not going to make a lot of money, even a beginner when they enter day trading immediately realizes that they are not going to make a lot of money. for example: if a person puts $400 on an exchange to do day trade, it would take months for that person to make a 2x profit, that is, it could go more than 4 or 6 months without the $400 becoming $800

The only option a person would have in trading to get a profit of 2x or more than that would be to do hodl, and this is something that also forces the person to have patience and hold on for a year or years. Now when we look at games of chance, people immediately come across games that have a multiplier of 2x to 35x or if the person places sports bets they will easily see games with odds of @2.00, that is, in the game of chance, place $400 and have lucky, the person would easily have more than $800 in a few hours. but if that person is unlucky, then in a few hours they will easily lose all 400$ whereas in day trading even if the person were a complete amateur it would take months to lose all 400$


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: abel1337 on September 25, 2023, 03:38:41 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Nope, flip has a 50/50 percent chance but you will hardly rely on the luck you have but day trading is base on your skill and how much you can increase the probability of the chart you are seeing. If you don't have any idea on what you are doing on trading, it would be better to just do a coin flip with 50/50 chance at least you have the same odds in winning and losing but if you have the skills to alter that chance of winning, trading would be better for you. Day trading is sure a hard work but I think is better than the coin flip if we are talking about having skills on both.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 25, 2023, 03:41:57 PM

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Of course, I would go for day trading if I intended to develop my skills and be successful in the long run. On the other hand, you are talking about a coin flip, which is 50/50. You won't have an advantage in that; your only chance to win is luck, and no one is lucky all the time. So, that is not something to focus on, probably for entertainment purposes only.


You've got a point about the skill in day trading. But hey, isn't relying heavily on technical analysis in this age of AI like bringing a slingshot to a missile fight? Jumping into the deep end with the big hedge fund sharks might seem thrilling, until you realize you're the bait! Playing in the major leagues can sure leave a mark.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BitcoinPanther on September 25, 2023, 03:48:39 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Nope, flip has a 50/50 percent chance but you will hardly rely on the luck you have but day trading is base on your skill and how much you can increase the probability of the chart you are seeing. If you don't have any idea on what you are doing on trading, it would be better to just do a coin flip with 50/50 chance at least you have the same odds in winning and losing but if you have the skills to alter that chance of winning, trading would be better for you. Day trading is sure a hard work but I think is better than the coin flip if we are talking about having skills on both.

This is the difference between coin flip and day trading.  In day trading there is variable and control factor that where one can take advantage of depending on the traders skills.  So having the skills give the trader a more grasp and control over their trades which can result in a profit.  While coin flip is all chance and no matter what strategy we use, it still fall to a random result.  So I take day trading over coin flip because it brings confidence and peace of mind if we have something in control that can highly affect the result of our trading actions. 


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: qwertyup23 on September 25, 2023, 04:31:41 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I somehow disagree that day trading is more of a gamble compared to as straight-up coin flip.

Sure, day trading may seem like a gamble due to the risks involving the subject as lots of newbies lose their money as well. But the biggest difference here is the experience of a person that can equip them with the knowledge of trading. As everyone knows that trading is a risky venture, there are certain skills and techniques that one can learn in order to lower the risks of losing your money.

In conclusion, there is that illusion where one likens day trading to gambling. But the biggest difference is that the player can somehow control the risks involved by applying their experience and techniques to lower the risk of losing your money.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: anjiitem on September 25, 2023, 04:51:12 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

discussions related to gambling and trading have continued for some time. Many have said the two are different. if we might still think of them as something the same, maybe we don't really understand them both well.
betting as you say like a coin flip, is clearly just a game that relies on luck. but in trading, both have risks, but we can increase our chances of winning by minimizing these risks. if you say the bet is 50:50. but in trading, when you have better skills, you can make your chances of winning bigger.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hispo on September 25, 2023, 04:56:38 PM
To me trading is not necessarily 100% gambling alike. It depends much on the market you are getting into and also whether you are applying leverage on your position...
It is very situational, in that sense.

If you enter onto an exchange, create an account and go straight towards the future market, using leverage and you have no idea on what you are getting yourself into, then that is indeed gambling.

On the other hand, if you go for the spot market, set your trend lines and also you got some stop loss orders, it is less like gambling. Still has a margin of risk, of course.

When talking about a coin flip, there is no debate on it. It is 100% gambling between two parties.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: uneng on September 25, 2023, 05:07:15 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Yes, it's totally gambling. The market is unpredictable and everyone is repeating it all around the forum and internet, still they claim to be possible to turn daily trading into a solid activity for a living. For me it sounds extremely contradictory! If we can't say accurately if BTC will be cheaper or more expensive by the end of the day, how can we say statistics and analyzes make difference on daily trading's results? It's totally random...

Only long term trading works in crypto market, if you pick the right coins and have patience to wait for long periods of time.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: michellee on September 25, 2023, 05:11:45 PM
Day trading will be more difficult to do because it depends on market movements, while if we don't have good analytical skills, we can get stuck buying the wrong coin. We don't need to rely on analysis from AI, especially if we can analyze the market with our skills.

But when there is no indication of where the market will move, maybe that's when we are gambling and relying on our feelings and previous experiences. And it will be like 50/50 because we don't know which coin will provide profits later. We just guess the coin and wait for the result and it's like flipping a coin that only relies on luck.

Most traders who do daily trading rely on their feelings to find their coins, especially with the large number of coins on the market because they don't have enough ability to analyze. And those doing the analysis may rush to conclusions so they will choose the wrong coin.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hispo on September 25, 2023, 05:12:20 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Yes, it's totally gambling. The market is unpredictable and everyone is repeating it all around the forum and internet, still they claim to be possible to turn daily trading into a solid activity for a living. For me it sounds extremely contradictory! If we can't say accurately if BTC will be cheaper or more expensive by the end of the day, how can we say statistics and analyzes make difference on daily trading's results? It's totally random...

Only long term trading works in crypto market, if you pick the right coins and have patience to wait for long periods of time.

I disagree, though.
Even if seems to be random at times, there are rules which the market is supposed to follow and that is the reason why people pay attention to metrics like volume, averages and try to identify patterns.

It is not a secret that the biggest players within a specific market have more power over it, to change the prices and even mess with the sentiment of other investors. On the other hand, in gambling no one is supposed to have influence over the result, it is supposed to be random.

In the market, the actions of some players can discontinue the randomness.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: topbitcoin on September 25, 2023, 05:16:25 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Both of them have almost the same level of loss and it seems that both of them really rely on luck, but in daily trading, apart from relying on luck, we need to be more active in carrying out analysis and absorbing the latest information which can increase our chances of getting profits from daily trading. we do. Even in gambling, sports betting is almost the same as daily trading in that to be able to win in betting we must be able to improve the technical analysis we carry out and understanding in absorbing the latest information. While the rest is for gambling that uses machines and numbers, this gambling is completely about luck.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: tjtonmoy on September 25, 2023, 06:17:51 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Trading is not gambling. Trading and gambling have their own separate rules and separate ways. You can never mix up trading with gambling. Not unless someone is trading without proper knowledge and just predicting whatever they think will happen. Gambling is always a 50/50 chance. No way to control your profits and losses. No way to minimize your loss by using risk management. It all depends on your luck.

On the other hand, trading gives you flexibility. You can manage your assets more proper way than gambling. You can choose how much you are willing to lose on one trade or every other trade. That's called risk management. You can do it in trading. Trading is not based on luck. There is more data to collect information from and analyze them for better outcomes.

As day trading is also a part of trading, it also follows the same principles. So it is not a gamble. Trading is better than gambling in terms of control.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: goldkingcoiner on September 25, 2023, 06:29:45 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Day trading is different from gambling but it can be gambling for those that did not understand how it works. Even in day trading, people can lose more just like in gambling because they are not getting it. If it is learned and not using more than the amount you can afford to lose and not using leverage, you will make money from trading if you learn about when to open a position. Sine when I have been trading and gambling, I lost huge amount in both, but when I know more about trading, I gain in it than gambling.

I would not really say that at all. Gambling is considered gambling because it relies on a unpredictable element. And while you can narrow down the probability of day trading, it still has unknowable variables which could plummet or skyrocket the price without anyone being any wiser. Say for example that tomorrow, a billionaire somewhere around the world decided to buy a gigantic amount of Bitcoin and did not tell anyone beforehand. There is no possible strategy which could prepare you for this. But you can always stop loss the rare incidents and you are left with the common incidences, which can be predicted, more or less.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: iv4n on September 25, 2023, 06:38:52 PM
...
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Well, daily trading with pump & dump coins/tokens is worse than a coin toss game. A coin toss game has some house edge, but pump-and-dump schemes are pure manipulation, it's cheating basically.

I guess if you day trading with unknown coins/tokens it's more manipulation (cheating) by some whales and groups, and if you are not at the top of that chain you will just face losses. We can't say it's gambling if the game its already rigged.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: darkangel11 on September 25, 2023, 07:04:07 PM
Day trading with no leverage might be a bit safer than a coin flip. After all, you're never putting all your bet at stake. At coin flip if you bet $100 and lose, you lose it all. A market bet can lead to a 5% loss in a day, but that's it. You'll never be down even 10% because you'll react to the market going below your minimums and exit with a small loss.
That said, it depends on what you're trading, how good you are in this and many other things. You could be trading SHIB with 10x leverage for all I know. :D


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Oilacris on September 25, 2023, 07:24:19 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Gamble on the sense that you arent applying any analysis or strategy towards your trading then it would really be a complete gambling on which we could really say that it would really be having that 50-50% chance on whether you would be ending up profitable or not.Some people do even think that it is really just that a gamble and this is why they would really be treating it up on the time that they do make out some daytrades on which results could neither be up and down which we could really be able to make out some similarity with gambling in having those results which it could really be end up
on two possible path and this is something that we would really be needing to look or been wary of because on the time that you do make yourself making trades without having no basis
then its gambling but i wont really be recommending on having this kind of approach because on the time that you do make trades then  you could increase your chance on making good trades if
you are really just that serious on what you would gonna do and its something applicable compared when you are really that doing gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: coolcoinz on September 25, 2023, 07:58:32 PM
I don't like day trading to be honest, so I'd choose to flip a coin. If you're a swing trader, that's a bit different, long-term traders who hold an asset for a year or longer are also a different breed.

It's hard to choose since you're not giving us more details about the type of trader that you are, but when I read predictions by some people who constantly get everything wrong when it comes to bitcoin, I start to believe in coin flips more and more :D


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: robelneo on September 25, 2023, 09:04:05 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I'm not really into day trading but I read that there are people who make a living out of it it has a big risk but the risk can be lowered with the help of tools and knowledge that you can develop so we can say that it's a total gamble its a gamble for newbies but not to real trader with real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game, it's a total stroke of luck there is no tool or knowledge that you can use to have an edge the coin is tossed in the air, and whoever luck smiles on, you or the other guy that will be the result I cannot totally consider day trading a gamble.

Quote
The main difference between day trading and gambling is that gamblers play available odds while traders strategize based on market trends, price movements, and past performances. Traders often use sophisticated analytical tools and real-time market updates to decide which stocks to buy or sell and how much to spend.

Reference: https://www.gatewayfoundation.org/addiction-blog/day-trading-gambling


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BitDane on September 25, 2023, 09:19:51 PM
I don't like day trading to be honest, so I'd choose to flip a coin. If you're a swing trader, that's a bit different, long-term traders who hold an asset for a year or longer are also a different breed.

It's hard to choose since you're not giving us more details about the type of trader that you are, but when I read predictions by some people who constantly get everything wrong when it comes to bitcoin, I start to believe in coin flips more and more :D

Prediction are often made with contrasting conditions, it says the trend of the market in two opposite path by using if and else statement.  So it is conditional.  I have read lots of predictions and they states  the condition of the market and sentiments while in TA a measure of something to states the possible trend of the market price.  Those who just give prices without any kind of conditions is called speculation not prediction.

I would take day trading any time against coin flip due to the reason that day trading have factors that can affect the result to be in profit while coin flip do not have.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wexnident on September 25, 2023, 09:22:42 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
They're both a gamble really. It's just that in trading, the factors involved are rather different compared to gambling. Gambling is random, or pseudo-random, or whatever they use, while trading, the basic factors involved would be supply and demand, and of the two, demand is influenced by a multitude of factors. In simple terms, I'd describe trading as a calculated risk, while gambling is just a risk itself. Ofc this doesn't mean that you can't trade like how you gamble, it's just that the difference is with gambling, that's your only real option while in trading, it's only one of the available options (and probably the worst one).


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: LUCKMCFLY on September 27, 2023, 03:10:48 AM
Day trading is not similar to gambling, in day trading the person studies the market a lot, does a lot of technical and fundamental analysis of the market and then buys and when buying the person puts stop - loss which allows the person to be able to buy and when the forecast is wrong and the price drops, that person will only lose a little money. There are very good strategies for making money trading and reducing money losses, but in general day trading is less risky than gambling. just ask ourselves how many people became addicted to gambling and how many people became addicted to day trading and we will see that the number of people addicted to gambling is a much greater number than the people who do day trading

and in my opinion this difference in the number of people addicted to gambling is a much greater number than the people who are addicted to day trading (I confess that I have not yet seen anyone saying that person X or Z became addicted to day trading) if This is due to the fact that in day trading people know that they are not going to make a lot of money, even a beginner when they enter day trading immediately realizes that they are not going to make a lot of money. for example: if a person puts $400 on an exchange to do day trade, it would take months for that person to make a 2x profit, that is, it could go more than 4 or 6 months without the $400 becoming $800

The only option a person would have in trading to get a profit of 2x or more than that would be to do hodl, and this is something that also forces the person to have patience and hold on for a year or years. Now when we look at games of chance, people immediately come across games that have a multiplier of 2x to 35x or if the person places sports bets they will easily see games with odds of @2.00, that is, in the game of chance, place $400 and have lucky, the person would easily have more than $800 in a few hours. but if that person is unlucky, then in a few hours they will easily lose all 400$ whereas in day trading even if the person were a complete amateur it would take months to lose all 400$

Well, many people tend to confuse trading (whatever its aspects) with gambling, some people believe that because some trading options are fast, such as futures, binary options, it is like gambling and it is not like that, things are usually different, for example when entering a casino the chances of winning are very random, it may be that you can win at once with a large bet or you may not win at all, it is luck, it is randomness, in rtrading there are many other things with work, there is fundamental analysis, technical analysis, a lot of mathematics, many things that have to do with the main reason of doing an analysis to win in a certain time interval.

Futures trading is very simple to do, to operate, but it takes work to reach a good result, however sometimes with all that things don't go well, you slip up or you make a mistake, so you can lose money. who posted, then these types of things are what one should consider when facing a game, or trading, in trading it is more focused on doing things by knowing, if you don't know anything and leave everything to luck, Well, that's not good, because there is no profitability, there is no way to do things well.

In trading there is a lot of work, we only see the tip of the iceberg and there is a lot there to be able to reach a signal, because money that is put in is money that can be lost and that is not what we are looking for, me personally, I find it very difficult to trade futures, because there have to be many indicators, many conditions, plus the volatility is impressive, whether in futures or forex, for me it is very risky, because I am not a quick responder. , I am one of those who likes to do long-term trading, and that is just that compared to a trader of any game, the long-term game tends to lose, while the trading does not, in the long term with a good analysis you can win , do not confuse this.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Haunebu on September 27, 2023, 07:52:52 AM
Day trading is less riskier when compared to gambling, but is far less entertaining and time-consuming in comparison. I would choose gambling over day-trading any freaking day primarily due to the time and fun factors.

Tip: Invest only what you are willing to lose when dabbling with any of them though.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 27, 2023, 08:22:41 AM
Day trading is not similar to gambling, in day trading the person studies the market a lot, does a lot of technical and fundamental analysis of the market and then buys and when buying the person puts stop - loss which allows the person to be able to buy and when the forecast is wrong and the price drops, that person will only lose a little money. There are very good strategies for making money trading and reducing money losses, but in general day trading is less risky than gambling. just ask ourselves how many people became addicted to gambling and how many people became addicted to day trading and we will see that the number of people addicted to gambling is a much greater number than the people who do day trading

and in my opinion this difference in the number of people addicted to gambling is a much greater number than the people who are addicted to day trading (I confess that I have not yet seen anyone saying that person X or Z became addicted to day trading) if This is due to the fact that in day trading people know that they are not going to make a lot of money, even a beginner when they enter day trading immediately realizes that they are not going to make a lot of money. for example: if a person puts $400 on an exchange to do day trade, it would take months for that person to make a 2x profit, that is, it could go more than 4 or 6 months without the $400 becoming $800

The only option a person would have in trading to get a profit of 2x or more than that would be to do hodl, and this is something that also forces the person to have patience and hold on for a year or years. Now when we look at games of chance, people immediately come across games that have a multiplier of 2x to 35x or if the person places sports bets they will easily see games with odds of @2.00, that is, in the game of chance, place $400 and have lucky, the person would easily have more than $800 in a few hours. but if that person is unlucky, then in a few hours they will easily lose all 400$ whereas in day trading even if the person were a complete amateur it would take months to lose all 400$

Well, many people tend to confuse trading (whatever its aspects) with gambling, some people believe that because some trading options are fast, such as futures, binary options, it is like gambling and it is not like that, things are usually different, for example when entering a casino the chances of winning are very random, it may be that you can win at once with a large bet or you may not win at all, it is luck, it is randomness, in rtrading there are many other things with work, there is fundamental analysis, technical analysis, a lot of mathematics, many things that have to do with the main reason of doing an analysis to win in a certain time interval.

Futures trading is very simple to do, to operate, but it takes work to reach a good result, however sometimes with all that things don't go well, you slip up or you make a mistake, so you can lose money. who posted, then these types of things are what one should consider when facing a game, or trading, in trading it is more focused on doing things by knowing, if you don't know anything and leave everything to luck, Well, that's not good, because there is no profitability, there is no way to do things well.

In trading there is a lot of work, we only see the tip of the iceberg and there is a lot there to be able to reach a signal, because money that is put in is money that can be lost and that is not what we are looking for, me personally, I find it very difficult to trade futures, because there have to be many indicators, many conditions, plus the volatility is impressive, whether in futures or forex, for me it is very risky, because I am not a quick responder. , I am one of those who likes to do long-term trading, and that is just that compared to a trader of any game, the long-term game tends to lose, while the trading does not, in the long term with a good analysis you can win , do not confuse this.


Absolutely spot-on about the detailed analysis and calculated strategies in day trading compared to the raw luck in gambling. But here's a curveball: despite all the analysis and tactics, the world of day trading often feels akin to a coin toss, don't you think? It's like entering a labyrinth, with every twist and turn dictated by the capricious whispers of the market.

But you really hit the bullseye, it's indeed more than charts and patterns, it's about intuiting the market’s unpredictable pulse, which no tutorial can imbue. Yet, even with this, why can the majority of hedge funds not outperform the index? Perhaps because the market, like a moody dance partner, chooses its own rhythm, leaving even the most skilled dancers a step behind. Despite the risks and the unpredictable twists, the journey of trading is not just about the wins or losses, it’s about growing, learning, and swaying along with the market's unique beat, hoping it chooses to dance with us. A gamble? Maybe. A growth? Definitely.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 27, 2023, 08:50:38 AM
Day trading is less riskier when compared to gambling, but is far less entertaining and time-consuming in comparison. I would choose gambling over day-trading any freaking day primarily due to the time and fun factors.

Tip: Invest only what you are willing to lose when dabbling with any of them though.

You've got a point about gambling's allure – it’s like the flashy, bad boy compared to day trading's nerdy, methodical approach. But let's toss a coin on this. In the world of coin flipping, where it's just you, the coin, and destiny having a rendezvous, who’s to say it's pure gamble? No sly casino tricks or house edge, just the raw thrill of chance, meeting you in the middle. Sure, day trading’s got its own suspense, but can it beat the heart-pounding drama of "heads or tails"? Whether you’re embracing the chaos or calculating the climb, just remember - it’s all fun and games until your wallet enters the chat. Choose your adventure wisely, my friend!


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Japinat on September 27, 2023, 09:06:19 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Coin flipping seems more like gambling to me. The reason we are interested in gambling isn't just because we feel lucky, but, most importantly, because we believe we have the skills. We can't apply those skills in gambling if it's a simple coin flip; it should involve only skill-based games like poker or sports betting. Additionally, day trading is not easy; it can be quite complicated for some. However, at least there's a good chance of improving our skills.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 27, 2023, 09:58:17 AM
I don't like day trading to be honest, so I'd choose to flip a coin. If you're a swing trader, that's a bit different, long-term traders who hold an asset for a year or longer are also a different breed.

It's hard to choose since you're not giving us more details about the type of trader that you are, but when I read predictions by some people who constantly get everything wrong when it comes to bitcoin, I start to believe in coin flips more and more :D

Prediction are often made with contrasting conditions, it says the trend of the market in two opposite path by using if and else statement.  So it is conditional.  I have read lots of predictions and they states  the condition of the market and sentiments while in TA a measure of something to states the possible trend of the market price.  Those who just give prices without any kind of conditions is called speculation not prediction.

I would take day trading any time against coin flip due to the reason that day trading have factors that can affect the result to be in profit while coin flip do not have.

Interesting insight, especially on the conditional aspect of predictions. I'm curious though, when you talk about the factors that can affect the result to be in profit in day trading, could you expound on what specific factors you are referring to, especially for intraday trading? The coin may not have factors, but it does have the thrill of simplicity, no charts, no graphs, just a flip away from fate. The world of trading is peppered with conditions, analyses, and not to forget, the sneaky speculations masquerading as predictions. Don’t you think there's a bit of a gamble in navigating through all these?


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Doan9269 on September 27, 2023, 02:53:01 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Coin flipping seems more like gambling to me. The reason we are interested in gambling isn't just because we feel lucky, but, most importantly, because we believe we have the skills. We can't apply those skills in gambling if it's a simple coin flip; it should involve only skill-based games like poker or sports betting. Additionally, day trading is not easy; it can be quite complicated for some. However, at least there's a good chance of improving our skills.

Coin flipping is gambling, you cannot call this for trade because when you look at how it's been played, you will discover that it only involves the use of money to gamble on the winning or loosing ground, trade is notnthat risky as found in gambling because you are investing on a currency unlike gambling where you only make use of the fund you have to bet, a day trading being similar in risk to that of gambling is not a process of arriving at the conclusion that they are all the same.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Gozie51 on September 27, 2023, 03:14:16 PM

In my opinion I would not consider daily trading to be like betting because in daily trading we can determine any time and take a more dominant profit depending on the target we have.


That despite, you can lose all that profit at once just like in gambling and that is why trading is compared to gambling. Not everyone can do trading and I believe majority prefer to gamble than to trade because it has high risk tendency.

Obviously trading has a level of certainty that we can see and all profits depend on the amount of capital and what selling price we decide.

I think the amount of capital will not be what determine the profit in trading but that will be the risk you take and that is why they say trading is a very risky business. If you don't know how to minimize loses for higher maximize profit that means you will keep recording greater loses and lower profit and soon you will be out of capital but capital is not all that can determine the profit but if you will manage your risk.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: uneng on September 27, 2023, 04:18:36 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Yes, it's totally gambling. The market is unpredictable and everyone is repeating it all around the forum and internet, still they claim to be possible to turn daily trading into a solid activity for a living. For me it sounds extremely contradictory! If we can't say accurately if BTC will be cheaper or more expensive by the end of the day, how can we say statistics and analyzes make difference on daily trading's results? It's totally random...

Only long term trading works in crypto market, if you pick the right coins and have patience to wait for long periods of time.

I disagree, though.
Even if seems to be random at times, there are rules which the market is supposed to follow and that is the reason why people pay attention to metrics like volume, averages and try to identify patterns.

It is not a secret that the biggest players within a specific market have more power over it, to change the prices and even mess with the sentiment of other investors. On the other hand, in gambling no one is supposed to have influence over the result, it is supposed to be random.

In the market, the actions of some players can discontinue the randomness.
You could compare such trading statistics to statistics from teams and players in sports betting, which is also a form of gambling. Sports gamblers also claim results aren't random and that it's possible to make progress on long term. Daily trading seems similar to that or even more random than sports betting. After all, you have to be lucky to place the right order at the right time in crypto market, considering you are a small fish without influence on it, against whales who move prices upside and downside as they wish.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: borovichok on September 27, 2023, 04:31:20 PM
You could compare such trading statistics to statistics from teams and players in sports betting, which is also a form of gambling. Sports gamblers also claim results aren't random and that it's possible to make progress on long term. Daily trading seems similar to that or even more random than sports betting. After all, you have to be lucky to place the right order at the right time in crypto market, considering you are a small fish without influence on it, against whales who move prices upside and downside as they wish.
It's compulsory to gain proper knowledge about what we derived pleasure in doing. Luck is primary needed and important in the system, I doubt if any gambler can be successful without the presence of luck on his or her side. We're bound to make mistakes in the system because we have no clue about the next movement of the market and games, we only have solidable ideas of what could happen, more reasons we predict on games and make analysis concerning the market, either bull or bear season. Flipping and trading are similar depending on how the gambler or trader keen on viewing it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: pawanjain on September 27, 2023, 04:46:39 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day tricking cannot be directly said as a gamble. There are people who do perform their analysis and set their targets.
It's more of a prediction game than a straight up gamble. The bigger gamble would definitely be trading.
There are lots of people involved in it and the amount accumulates in millions when trading.
As for the coin flip, I don't think a lot of people are doing that.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hispo on September 27, 2023, 04:52:00 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Yes, it's totally gambling. The market is unpredictable and everyone is repeating it all around the forum and internet, still they claim to be possible to turn daily trading into a solid activity for a living. For me it sounds extremely contradictory! If we can't say accurately if BTC will be cheaper or more expensive by the end of the day, how can we say statistics and analyzes make difference on daily trading's results? It's totally random...

Only long term trading works in crypto market, if you pick the right coins and have patience to wait for long periods of time.

I disagree, though.
Even if seems to be random at times, there are rules which the market is supposed to follow and that is the reason why people pay attention to metrics like volume, averages and try to identify patterns.

It is not a secret that the biggest players within a specific market have more power over it, to change the prices and even mess with the sentiment of other investors. On the other hand, in gambling no one is supposed to have influence over the result, it is supposed to be random.

In the market, the actions of some players can discontinue the randomness.
You could compare such trading statistics to statistics from teams and players in sports betting, which is also a form of gambling. Sports gamblers also claim results aren't random and that it's possible to make progress on long term. Daily trading seems similar to that or even more random than sports betting. After all, you have to be lucky to place the right order at the right time in crypto market, considering you are a small fish without influence on it, against whales who move prices upside and downside as they wish.

So then we can agree that if you are big enough of a player, then it does not have much to do with gambling and then there are ways to influence the market at ones will. Which would not happen in a casino.

Also, in my personal point of view, sports (specifically matches) can be as random or even more random that trading in the spot market. The rules of the market at first glance seem to be more rigid than the possibilities of outcome in a football match, for example.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Odusko on September 27, 2023, 05:29:51 PM
The bigger question is, will there be a house edge on exchanges to take home the leverage, where as there is a bigger chances that the security of a trader taking on others one one-on-one is higher but gambling yes there is a possibility pf face to face-to-face battle such as football, wrestling and table tennis games that players may have a personal bets on them.
So there is a bigger difference between the two of them and there can't be any comparison since there possibilities differ.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: 2double0 on September 27, 2023, 05:59:33 PM
A straight up coin flip (person to person) will give immediate results and one end will lose everything in that bet. Day trading can be profitable or make us lose everything but still gives us the chance to close the trade and take partial loss instead of keeping it till it eats up the account. So it is lot better than a coin flip or any other gambling tasks done.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: cafter on September 27, 2023, 07:49:04 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

trading can be said gamble if you make decisions without any knowledge and understanding of financial market, you can increase your chance of winning a trade when you know what's going on in the market.
if the individual company is fake or a scam company and faking profits for years then suddenly a news came out of that. then your chances of winning that trade by shorting that company is high.
and in coin flip you have 50/50 chance of winning whatever you do, you cannot increase your chance of winning, in trading the emotions are controllable because it's a slow process of losing money,
and in gambling you cannot control emotions after facing 5 consecutive losses the emotions will take control of you. and you start to double down your bets.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hispo on September 27, 2023, 09:46:33 PM
So it is lot better than a coin flip or any other gambling tasks done.

It depends  whom you ask, actually.
There is a good reason why gamblers prefer to go with games which are fast-paced and quick to settle, like plinko, dices and even crash. Because most gamblers do not want to wait for days not even hours before getting a result on the wager, that is the biggest difference between one activity and the other one: the patience is supposed to be invested before getting results.

In terms of investment in general (not only gambling), it is obvious to anyone who has had a minimum time in the market, that the amount of time one is supposed to wait for results in inversely proportional to risk.  

Quickest settlement, highest risk.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BitDane on September 27, 2023, 10:35:36 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day tricking cannot be directly said as a gamble. There are people who do perform their analysis and set their targets.
It's more of a prediction game than a straight up gamble. The bigger gamble would definitely be trading.
There are lots of people involved in it and the amount accumulates in millions when trading.
As for the coin flip, I don't think a lot of people are doing that.

Not because there are lots of people day trading, it is a bigger gamble.  I think to say when it is a bigger gamble is by simply looking at the mechanics and how the risk is mitigated.  Besides gamble is related to risk.  The bigger the risk, the bigger the gamble.  So in day trading, as many of the replies stated, the risk can be mitigated and those who are expert on trading can even reduce this risk to the minimum.  While in coin flip, no matter what the gambler do, he cannot reduce the risk nor increase the chance of losing.  So between the two, it is the coin flip that is has the bigger risk so it can be said that it is the bigger gamble.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Yatsan on September 27, 2023, 10:58:35 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Been trading for 2 years and I think trading will only be a gamble if you won’t analyze the market. There are many factors to consider when trading; overall market behavior (bullish/bearish), major coins, news, and the token you are about to trade. Profit won’t honestly happen in an instant. If you are trading and still guessing your position then that would be the time you are just like flipping a coin and relying on your luck. Indeed there’s no assurance of profit just like in gambling but DCAs really work especially if it is something analyzed across many factors of this market. Some people are just taking it easy and just pushing their luck which is why trading seems gambling for them.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: romero121 on September 27, 2023, 11:12:32 PM
So it is lot better than a coin flip or any other gambling tasks done.

It depends  whom you ask, actually.
There is a good reason why gamblers prefer to go with games which are fast-paced and quick to settle, like plinko, dices and even crash. Because most gamblers do not want to wait for days not even hours before getting a result on the wager, that is the biggest difference between one activity and the other one: the patience is supposed to be invested before getting results.

In terms of investment in general (not only gambling), it is obvious to anyone who has had a minimum time in the market, that the amount of time one is supposed to wait for results in inversely proportional to risk.  

Quickest settlement, highest risk.
People never look upon the winning probability, but they want things to happen in the fast pace. If winning probability is much concerned the focus would be over sports betting. Here we need to have patience for hours to know the win/loss of the bet. Once a gambler had begun to experience the best of sports betting, automatically he'll switch from casino games to sports betting as the risk is low with better winning probability based on our knowledge related to the sports we've made the bet.

Shortest time to enjoy big winning seems to have the highest risk, whether it is gambling, investment, trading and with everything this is the reality. Here the luckiest will survive whereas the unluckiest will be suffering as the loss used to be big.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: oktana on September 27, 2023, 11:39:04 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

First, there is nothing like "more of a gamble"; gamble is gamble, and it is that risk that makes them different. I think a straight-up coin flip is more risky than day trading. My reason for this is that you do not need any knowledge for a straight-up coin flip hence it is always about luck. However, with trading, having knowledge about it increases your chance from 50/50 to maybe 60/20, 70/30, or even 80/20 for some people. This is also why I think that most people prefer day trading to others.



Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: dothebeats on September 27, 2023, 11:49:17 PM
I'd take a simple coin flip game, thank you.

As someone who has been playing casino games such as dice for years, I happened to take appreciation on the simplicity of this game and its possible rewards if luck is on your side. However, comparing it to day trading is like comparing apples to oranges - they are completely different things with risking something and getting rewarded as their only common denominator. In day trading, you will have lots of ways to mitigate losses, and you can alter the risks to be in your favor. Whereas in a coin flip, you can only hope that you win enough rounds to break even or to come out ahead.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: slapper on September 28, 2023, 01:53:32 AM
I understand day trading's chaos and stress. It's a common emotion, I assure you. You're not alone in wishing for a system as straightforward as flipping a coin. Sometimes I want for that simplicity as well


Yet, I'll try to clear things up though. trading is not at all like flipping a coin. Day trading is complicated and volatile, but it lets you practise research, analysis, and expertise. And coin toss is absolutely based on luck. The knowledge in trading cannot be underestimated. Making wise, well-informed decisions requires analysing the charts, understanding market patterns, and assessing data. Unlike the complete randomness of a coin flip, there is a method to the madness of trading. Trading indeed requires learning, adapting, and strategy if you really want to win in this game 


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Nrcewker on September 28, 2023, 02:53:59 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I would say, in trading you need luck as we as skills. While trading you need to analyse the market, do certain readings, and make conclusions on where to trade and with which coin you will make profit. Now for gambling, or for specific coin flip game, you need only luck to win it. No analysis can change your luck. So you can call any event gambling, when it is a game of luck or chance. But if the event is a game of skill(like here trading), then definitely it cannot be counted as gambling. Hope you get it OP.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hirose UK on September 28, 2023, 02:54:29 AM
Nowadays trading has been watched by quite a lot of people even big people with unlimited wealth take part in the trading industry to be able to make a number of profits and these rich people use several sophisticated tools to carry out every purchase and sale transaction thereby maximizing profits and minimizing losses.
Maybe this will affect us traders who have limited capital and want to make small profits because the price graph experiences more significant ups and downs and makes us often late in the buying or selling process.
But when it comes to trading and gambling there are actually many differences and disadvantages and advantages of each of these two activities.

In my opinion I would not consider daily trading to be like betting because in daily trading we can determine any time and take a more dominant profit depending on the target we have.
Obviously trading has a level of certainty that we can see and all profits depend on the amount of capital and what selling price we decide.

Big folks with big tools do make the trading world a rollercoaster! 🎢 But ain’t it fun to think that even with all their gadgets, they might just be flipping a fancy, digital coin? Trading or flipping, we're all dancing with luck and chance, just with different tune
When you look at and evaluate rich traders it is quite impressive because of the various sophistications they have and also buying and selling with large amounts of money so that when you get a profit it will also seem like it easy to get rich from trading but apart from all that there are actually some risks happens is that when the tools they use experience problems they might also lose some money but actually something like this might be a challenge and adrenaline rush for rich traders.
There are many differences between rich traders and traders who have limited capital and each profit target will also be different but some traders get lucky by buying tokens that are very cheap but can increase the price many times over.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: ethereumhunter on September 28, 2023, 08:49:05 AM
When you look at and evaluate rich traders it is quite impressive because of the various sophistications they have and also buying and selling with large amounts of money so that when you get a profit it will also seem like it easy to get rich from trading but apart from all that there are actually some risks happens is that when the tools they use experience problems they might also lose some money but actually something like this might be a challenge and adrenaline rush for rich traders.
There are many differences between rich traders and traders who have limited capital and each profit target will also be different but some traders get lucky by buying tokens that are very cheap but can increase the price many times over.
It is not surprising that rich people can buy in large quantities and get big profits too, because that is the result they get. But the risk will also be big, especially if they lose, but that will be okay for rich people because they still have money to place bets. The difference between rich and average traders lies in the capital they use to trade, which is also the same with rich and average gamblers. And each rich trader and average trader will also have their own risks so they have to look for ways to reduce those risks. But that doesn't mean the average trader can't get lucky to get big profits because if his luck comes, he can get big profits from buying tokens, which many traders, including rich traders, may still underestimate.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 09:21:58 AM
I understand day trading's chaos and stress. It's a common emotion, I assure you. You're not alone in wishing for a system as straightforward as flipping a coin. Sometimes I want for that simplicity as well


Yet, I'll try to clear things up though. trading is not at all like flipping a coin. Day trading is complicated and volatile, but it lets you practise research, analysis, and expertise. And coin toss is absolutely based on luck. The knowledge in trading cannot be underestimated. Making wise, well-informed decisions requires analysing the charts, understanding market patterns, and assessing data. Unlike the complete randomness of a coin flip, there is a method to the madness of trading. Trading indeed requires learning, adapting, and strategy if you really want to win in this game 


You've got a point about the organized chaos of trading with all its analysis and learning. But let’s be real, are we just kidding ourselves thinking we have a leg up? In day trading, we’re up against the massive hedge funds armed with AI & ML and huge budgets, and quality of market data you can't imagine to have. It’s like bringing a spoon to a gunfight. Does our little analysis really stack up against their tech power? Feels like we need more than hope to stand a chance in this big league of trading. How do we even start to level this playing field, any ideas?


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 09:26:50 AM
When you look at and evaluate rich traders it is quite impressive because of the various sophistications they have and also buying and selling with large amounts of money so that when you get a profit it will also seem like it easy to get rich from trading but apart from all that there are actually some risks happens is that when the tools they use experience problems they might also lose some money but actually something like this might be a challenge and adrenaline rush for rich traders.
There are many differences between rich traders and traders who have limited capital and each profit target will also be different but some traders get lucky by buying tokens that are very cheap but can increase the price many times over.
It is not surprising that rich people can buy in large quantities and get big profits too, because that is the result they get. But the risk will also be big, especially if they lose, but that will be okay for rich people because they still have money to place bets. The difference between rich and average traders lies in the capital they use to trade, which is also the same with rich and average gamblers. And each rich trader and average trader will also have their own risks so they have to look for ways to reduce those risks. But that doesn't mean the average trader can't get lucky to get big profits because if his luck comes, he can get big profits from buying tokens, which many traders, including rich traders, may still underestimate.

You're spot on. If it's all boiling down to luck, why not level the playing field a bit? Peer-to-peer gambling could be the way to go. It brings in the element of fun, luck, and that human touch, all rolled into one. It’s not about massive capitals or fancy trading tools, it’s about enjoyment and the thrill of chance, without the Wall Street chaos. Who knows, happiness might just be a friendly bet away!


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: xSkylarx on September 28, 2023, 09:32:43 AM
Flipping a coin is based on luck 50% for heads and 50% for tails and you can't increase the chance of getting heads no matter what unless you cheat. Trading is the opposite you can increase your chance of winning when you learn and backtest your strategy.

Day trading has been widely used by traders mostly those who don't have time for scalping and I don't compare it to gambling because it is about skills. Unless you just trade by chance like flipping a coin and deciding to buy or sell, that would be gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 10:09:35 AM
Flipping a coin is based on luck 50% for heads and 50% for tails and you can't increase the chance of getting heads no matter what unless you cheat. Trading is the opposite you can increase your chance of winning when you learn and backtest your strategy.

Day trading has been widely used by traders mostly those who don't have time for scalping and I don't compare it to gambling because it is about skills. Unless you just trade by chance like flipping a coin and deciding to buy or sell, that would be gambling.


You're right that trading involves skill and strategy, unlike a pure game of chance like flipping a coin. But here’s a mind-boggler: over the last 20 years, less than 10% of U.S. actively managed funds have beaten the market. It gives a pause, doesn’t it? Even with all the strategies, analysis, and tools at their disposal, a significant majority still couldn't outperform the market.

Now, let’s pivot back to the Rock, Paper, Scissors analogy. Even in this fast-paced game, you can analyze previous data and make predictions, akin to trading. Yet, the unpredictability factor looms large, just as it does in trading. Whether you're engaged in a child's game or in the intricate world of trading, the unpredictability keeps you on your toes, always guessing, always strategizing, and always facing the possibility of loss despite the best-laid plans. The skill may set them apart, but the unpredictability ties them together in a paradoxical dance.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 10:13:59 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day tricking cannot be directly said as a gamble. There are people who do perform their analysis and set their targets.
It's more of a prediction game than a straight up gamble. The bigger gamble would definitely be trading.
There are lots of people involved in it and the amount accumulates in millions when trading.
As for the coin flip, I don't think a lot of people are doing that.

Not because there are lots of people day trading, it is a bigger gamble.  I think to say when it is a bigger gamble is by simply looking at the mechanics and how the risk is mitigated.  Besides gamble is related to risk.  The bigger the risk, the bigger the gamble.  So in day trading, as many of the replies stated, the risk can be mitigated and those who are expert on trading can even reduce this risk to the minimum.  While in coin flip, no matter what the gambler do, he cannot reduce the risk nor increase the chance of losing.  So between the two, it is the coin flip that is has the bigger risk so it can be said that it is the bigger gamble.

You have a fair point, and it's true that experienced traders can significantly mitigate risk. Let's look at it through the Rock Paper Scissors lens. In this game, players might identify patterns and make predictions, much like traders. In trading, risk can be lessened by setting stop losses, not using leverage, and making well-informed decisions based on both technical and fundamental analysis.

For instance, a trader can set a stop loss at a certain price level to ensure they do not lose more than they are willing to. This automatic order can indeed limit the loss, giving a safety net. Refraining from using leverage means not borrowing funds to trade, which can prevent debts and amplified losses. But even with these strategies in place, the unpredictability and risk inherent in the market, like in Rock Paper Scissors, remain. It’s a game of strategy and chance, each with its own set of uncertainties and excitement.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Gozie51 on September 28, 2023, 10:37:28 AM


You've got a point about the organized chaos of trading with all its analysis and learning. But let’s be real, are we just kidding ourselves thinking we have a leg up? In day trading, we’re up against the massive hedge funds armed with AI & ML and huge budgets, and quality of market data you can't imagine to have. It’s like bringing a spoon to a gunfight. Does our little analysis really stack up against their tech power? Feels like we need more than hope to stand a chance in this big league of trading. How do we even start to level this playing field, any ideas?

Some retail traders who know what they are doing in their trade also cash in on the big whales move if they analyze well on their daily trading. No matter the size of the capital, it is the risk drive of the trader that matters. However, the manipulation that could be going on within the financial houses and the big hedge middle traders can be the challenge in the volatility of the market. But trading is not about hope and it is not for everyone.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Yaunfitda on September 28, 2023, 10:41:02 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
I think in coin flip is only 50/50 chances, as compare to day trading, lots of volatility and there are parameters that you have to look at, and then there is also money and time that you have to spend just to understand the how everything works. But still though trading is very dynamic and you really don't know what is going in the next half hour, 4-8 hour range. So yeah, day trading for me seems to be a gamble as compare to coin flip. And that is why as well there are people who compare trading to straight up gambling as the risk is also present and very hard to manage and mitigate the risk at any point unless you stop.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: ethereumhunter on September 28, 2023, 11:07:55 AM
You're spot on. If it's all boiling down to luck, why not level the playing field a bit? Peer-to-peer gambling could be the way to go. It brings in the element of fun, luck, and that human touch, all rolled into one. It’s not about massive capitals or fancy trading tools, it’s about enjoyment and the thrill of chance, without the Wall Street chaos. Who knows, happiness might just be a friendly bet away!
Yes, you can try it if you just want to have fun and the thrill of opportunity, but it will also depend on the choice of the gambler or trader. They would look for something else if they wanted to look for it. Otherwise, they will just keep using what they are used to. Moreover, they don't need to learn anything new, which might take time before they get used to using it. But if they feel they are getting a challenge by doing something new, they will try it because it is a new challenge they have not encountered before.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 11:23:34 AM


You've got a point about the organized chaos of trading with all its analysis and learning. But let’s be real, are we just kidding ourselves thinking we have a leg up? In day trading, we’re up against the massive hedge funds armed with AI & ML and huge budgets, and quality of market data you can't imagine to have. It’s like bringing a spoon to a gunfight. Does our little analysis really stack up against their tech power? Feels like we need more than hope to stand a chance in this big league of trading. How do we even start to level this playing field, any ideas?

Some retail traders who know what they are doing in their trade also cash in on the big whales move if they analyze well on their daily trading. No matter the size of the capital, it is the risk drive of the trader that matters. However, the manipulation that could be going on within the financial houses and the big hedge middle traders can be the challenge in the volatility of the market. But trading is not about hope and it is not for everyone.

You’re right that some retail traders who are astute in their analysis can potentially cash in on big whales' moves. However, it's essential to look at the larger picture and think about averages and general trends. Yes, some gamblers also win fortunes, but statistically speaking, the odds aren't always in their favor. I respectfully disagree with the notion that the average retail investor can consistently take advantage of a Whale's movements, except maybe in exceptional circumstances like a fire sale. The reality is that large players and financial houses have significant resources and information, which could potentially influence market volatility, presenting a considerable challenge for the average trader. Trading indeed isn’t about hope, and it certainly isn’t for everyone, especially considering these factors.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 11:30:08 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
I think in coin flip is only 50/50 chances, as compare to day trading, lots of volatility and there are parameters that you have to look at, and then there is also money and time that you have to spend just to understand the how everything works. But still though trading is very dynamic and you really don't know what is going in the next half hour, 4-8 hour range. So yeah, day trading for me seems to be a gamble as compare to coin flip. And that is why as well there are people who compare trading to straight up gambling as the risk is also present and very hard to manage and mitigate the risk at any point unless you stop.

Absolutely, it's a matter of what tickles your fancy more. On one hand, you’re glued to multiple screens, meticulously analyzing technical indicators and timing the market just right, a slave to the fluctuations and the potential rewards that come with day trading. The adrenaline rush is unparalleled.

On the flip side (pun intended), imagine the cheer and banter playing coin flip or Rock Paper Scissors with friends. No technical analysis, just good old-fashioned luck, and fun. Though with Rock Paper Scissors, you could sneak in a bit of strategy based on past moves, a light-hearted way to apply some skills without the financial market stress. Both paths have their own charm, choose your adventure!


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Gozie51 on September 28, 2023, 11:46:46 AM


You've got a point about the organized chaos of trading with all its analysis and learning. But let’s be real, are we just kidding ourselves thinking we have a leg up? In day trading, we’re up against the massive hedge funds armed with AI & ML and huge budgets, and quality of market data you can't imagine to have. It’s like bringing a spoon to a gunfight. Does our little analysis really stack up against their tech power? Feels like we need more than hope to stand a chance in this big league of trading. How do we even start to level this playing field, any ideas?

Some retail traders who know what they are doing in their trade also cash in on the big whales move if they analyze well on their daily trading. No matter the size of the capital, it is the risk drive of the trader that matters. However, the manipulation that could be going on within the financial houses and the big hedge middle traders can be the challenge in the volatility of the market. But trading is not about hope and it is not for everyone.

You’re right that some retail traders who are astute in their analysis can potentially cash in on big whales' moves. However, it's essential to look at the larger picture and think about averages and general trends. Yes, some gamblers also win fortunes, but statistically speaking, the odds aren't always in their favor. I respectfully disagree with the notion that the average retail investor can consistently take advantage of a Whale's movements, except maybe in exceptional circumstances like a fire sale. The reality is that large players and financial houses have significant resources and information, which could potentially influence market volatility, presenting a considerable challenge for the average trader. Trading indeed isn’t about hope, and it certainly isn’t for everyone, especially considering these factors.

Your explanation also buttress the point where people say trading is like gambling and gambling is like trading. Of course retail traders won't make consistent profit against the "manipulators" or the whale traders and that is why there are more loses in trading just like there are also losers in gambling that have now turned addicts. Whichever side of the divide we are, we have to put efforts to be better on it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Haunebu on September 28, 2023, 12:08:21 PM
On the flip side (pun intended), imagine the cheer and banter playing coin flip or Rock Paper Scissors with friends. No technical analysis, just good old-fashioned luck, and fun. Though with Rock Paper Scissors, you could sneak in a bit of strategy based on past moves, a light-hearted way to apply some skills without the financial market stress. Both paths have their own charm, choose your adventure!
These are great advantages for sure, but you are forgetting about the most important advantage of them is all which is the zero house edge factor thanks to which it's possible to earn big money in a short period of time without any technical analysis.

Only hardcore traders would choose day trading over gambling in this case.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BenCodie on September 28, 2023, 12:11:51 PM
Flipping and leaving things down to chance is the easy way. In turn, sometimes you will win, sometimes you will lose. Ultimately, 50/50 results in long term even events. Even wins, even losses. With casinos, this goes down as low as 35%/65%. In online casinos, it's generally 45%/55% or sometimes as low as 49.5%/50.5%. The result? Long term losses.

Day trading involves a lot more than just chance. It requires following principals and skill to improve the success rate. You are also competing with and against many people in many markets, not against a casino software built to always have better odds of winning than you do.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: pawanjain on September 28, 2023, 03:59:04 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day tricking cannot be directly said as a gamble. There are people who do perform their analysis and set their targets.
It's more of a prediction game than a straight up gamble. The bigger gamble would definitely be trading.
There are lots of people involved in it and the amount accumulates in millions when trading.
As for the coin flip, I don't think a lot of people are doing that.

Not because there are lots of people day trading, it is a bigger gamble.  I think to say when it is a bigger gamble is by simply looking at the mechanics and how the risk is mitigated.  Besides gamble is related to risk.  The bigger the risk, the bigger the gamble.  So in day trading, as many of the replies stated, the risk can be mitigated and those who are expert on trading can even reduce this risk to the minimum.  While in coin flip, no matter what the gambler do, he cannot reduce the risk nor increase the chance of losing.  So between the two, it is the coin flip that is has the bigger risk so it can be said that it is the bigger gamble.

Oh, I get it now. Yes, it makes sense from that perspective. Coin flip definitely has higher risk when compared to day trading.
Yet, the question is, are people even doing that? I mean are people gambling on a coin flip ?
Even if they do, the number of people would be very low.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wiwo on September 28, 2023, 04:28:20 PM

When you look at and evaluate rich traders it is quite impressive because of the various sophistications they have and also buying and selling with large amounts of money so that when you get a profit it will also seem like it easy to get rich from trading but apart from all that there are actually some risks happens is that when the tools they use experience problems they might also lose some money but actually something like this might be a challenge and adrenaline rush for rich traders.
There are many differences between rich traders and traders who have limited capital and each profit target will also be different but some traders get lucky by buying tokens that are very cheap but can increase the price many times over.
Aside from being a rich trader also experience matter also because being reach won't result into automatic except trading position that will yied the needed profits,  what we have noticed that differentiate the winner from the older in both trading and gambling is the level of experience,  knowledge and skills developed over time,  and this is what we notice in their partten pf operations and we think that they make such profits because of the huge capital in the position which is why you hear such comment as rich traders.

Capital plays significant role in the total amount in both loses and profiting at the same time since the capital position determines the total outcome,  but what gives winning/profits is the skills and expertise put in place by the gambler/trader.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 07:40:51 PM
Flipping and leaving things down to chance is the easy way. In turn, sometimes you will win, sometimes you will lose. Ultimately, 50/50 results in long term even events. Even wins, even losses. With casinos, this goes down as low as 35%/65%. In online casinos, it's generally 45%/55% or sometimes as low as 49.5%/50.5%. The result? Long term losses.

Day trading involves a lot more than just chance. It requires following principals and skill to improve the success rate. You are also competing with and against many people in many markets, not against a casino software built to always have better odds of winning than you do.

I totally get your point about the certainty of the 50/50 coin flip and the skewed odds in casinos or online platforms. Yes, day trading does require adherence to principles, a honed skill set, and a comprehensive understanding of the market dynamics. However, despite all the skills and principles, the market has its way of throwing curveballs. Considering the statistic that over the last 20 years, less than 10% of U.S. actively managed funds have outperformed the market, the odds seem grim. In day trading, you're pitted not just against a system designed for you to lose, but against global events, algorithmic trading, and massive financial institutions, making the playing field more uneven than it might initially appear. The complexity, the competition, and the unpredictability could make day trading feel like more of a gamble than a game of chance.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 28, 2023, 07:44:16 PM


You've got a point about the organized chaos of trading with all its analysis and learning. But let’s be real, are we just kidding ourselves thinking we have a leg up? In day trading, we’re up against the massive hedge funds armed with AI & ML and huge budgets, and quality of market data you can't imagine to have. It’s like bringing a spoon to a gunfight. Does our little analysis really stack up against their tech power? Feels like we need more than hope to stand a chance in this big league of trading. How do we even start to level this playing field, any ideas?

Some retail traders who know what they are doing in their trade also cash in on the big whales move if they analyze well on their daily trading. No matter the size of the capital, it is the risk drive of the trader that matters. However, the manipulation that could be going on within the financial houses and the big hedge middle traders can be the challenge in the volatility of the market. But trading is not about hope and it is not for everyone.

You’re right that some retail traders who are astute in their analysis can potentially cash in on big whales' moves. However, it's essential to look at the larger picture and think about averages and general trends. Yes, some gamblers also win fortunes, but statistically speaking, the odds aren't always in their favor. I respectfully disagree with the notion that the average retail investor can consistently take advantage of a Whale's movements, except maybe in exceptional circumstances like a fire sale. The reality is that large players and financial houses have significant resources and information, which could potentially influence market volatility, presenting a considerable challenge for the average trader. Trading indeed isn’t about hope, and it certainly isn’t for everyone, especially considering these factors.

Your explanation also buttress the point where people say trading is like gambling and gambling is like trading. Of course retail traders won't make consistent profit against the "manipulators" or the whale traders and that is why there are more loses in trading just like there are also losers in gambling that have now turned addicts. Whichever side of the divide we are, we have to put efforts to be better on it.

You've hit on an essential comparison, bringing out the stark similarities between trading and gambling. Your mention of the struggles of retail traders against "whale traders" or "manipulators" highlights the challenges in both realms. Reflecting on the point that investing can seem like a zero-sum game, it's pertinent to acknowledge that while someone wins, someone else loses, underscoring the competitive nature of the arena. Brokers, indeed, perpetually earn through commissions, irrespective of the market's ups and downs, adding another layer of complexity to the situation. This dimension reinforces the idea that money indeed doesn’t grow on trees. Each gain or loss in the market is offset by a corresponding loss or gain by another trader, highlighting the essential gamble that both trading and gambling represent, despite the skill and strategy involved in trading.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: seoincorporation on September 28, 2023, 07:56:57 PM
There is a main difference between trading and gambling, in the casinos you lose your coins while in trading the coins lose their value, and those are totally different things because in the casino you will not recover those lost coins if you lose your balance, but in trading the coins can recover their value the next days, even you still having a chance to walk away with money.

That's why the risk on trading is lower than gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wakate on September 28, 2023, 08:03:22 PM
On the flip side (pun intended), imagine the cheer and banter playing coin flip or Rock Paper Scissors with friends. No technical analysis, just good old-fashioned luck, and fun. Though with Rock Paper Scissors, you could sneak in a bit of strategy based on past moves, a light-hearted way to apply some skills without the financial market stress. Both paths have their own charm, choose your adventure!
These are great advantages for sure, but you are forgetting about the most important advantage of them is all which is the zero house edge factor thanks to which it's possible to earn big money in a short period of time without any technical analysis.

Only hardcore traders would choose day trading over gambling in this case.
We can earn a lot from trading if we know how to go about it especially having a good strategy that pays well. If we don't to clamour on luck everytime we try to make bet because that alone might not be available everytime we needed it. Gambling is something that needed luck and constantly taking risk even though we don't know what the outcome would be. We need to at least make decisions that would profits us that is why having a good skill is important for us to make good profits from betting.  Even with house edge one can still be unfortunate when it comes to betting.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: SamReomo on September 28, 2023, 08:17:21 PM
There is a main difference between trading and gambling, in the casinos you lose your coins while in trading the coins lose their value, and those are totally different things because in the casino you will not recover those lost coins if you lose your balance, but in trading the coins can recover their value the next days, even you still having a chance to walk away with money.

That's why the risk on trading is lower than gambling.

I think you explained their difference in the best way possible and I totally agree with you. In gambling when we lose a bet we lose it forever and we won't be able to recover the loss again if we don't win any future bets. Trading is different in that perspective because a trader when buys a coin and the coin's value  drop more than 50% in value but if the trader can hold that coin for long periods then he/she may recover the lost balance.

But, sometimes when a trader invest into a wrong coin then such coin's value won't recover and the trader has lost everything. I believe same is true for futures trader who trade with leveraging. Whenever a trader goes with futures trading with leverage then I believe the thing will be similar to gambling somehow because if the coins get liquidated then the trader won't be able to recover those.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: boyptc on September 28, 2023, 08:33:06 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take?
It's a childhood game to me.

Yeah, there's no trick on it and both of you the flipper and the opponent have 50/50 chance unless there's something wrong with the coin that makes it flip on the other side at most times.

I can't remember about that trick when it happens like that but there seems to be a heavier part of it that makes it flip on the other side. We just used to watch that in some series before when I was younger and did tried to copy that when I and my childhood play mates regularly meet.

Does day trading seem more of a gamble compared to a straight-up coin flip
Spot is fine but leverage is.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: komisariatku on September 28, 2023, 10:38:27 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

Yes, if trading is done without technique and analysis it will look like gambling, they are just guessing whether the price will go up or down. If it's like that then it's better to flip a coin because the chances are 50 - 50. However, if you are a professional trader then he knows how to predict the market and determine whether the market will go up or down. In conditions like this of course traders are better

So under certain conditions gambling is better than trading and sometimes vice versa. But the most important thing is that we know what we are doing


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: serjent05 on September 28, 2023, 11:09:23 PM
At the end of the day, gambling is gambling and trading is trading.  No matter how we look at it or try to see the scenario, the basic concept if follows shows coinf flip can't be called a gamble if it does not possess high risk and is not affected by risk management.  I think the term risk management stands between these two entity.  Trading is highly affected by risk management so even if it looks like a high risk activity, the risk management narrowed down the risk to be lesser than the gambling activity.  Just like what some of the earlier reply stated.

Those people who trade without knowledge isn't actually a trader but a gambler thus their action cannot be considered as the standard of trading but rather fall under gambling activity.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: harizen on September 28, 2023, 11:21:15 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

It might look like you are gambling money in trading, the same as how you gamble in the usual gambling, but will you just allow your own money to be gambled there without even trying to increase the chance of winning? In other words, trading and gambling have different approaches.

Let's not make this too technical. Depends on how you look at it, then just keep it that way.

What matters is, regardless of where the big gamble is from either of those, don't always depend on your luck - associate it with strategies.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Mr.suevie on September 28, 2023, 11:29:35 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Yeah I feel trade can be related to gamble because the risk involved is also very high and  its tend to be a 50/50 that's if you don't know what you are actually doing but for some peculiar reason I just feel trading is somehow better because with gambling it's 30/70 chance as the house or casino has the 70% while you as the gambler is left with just 30% to actually secure a win and result of a profit.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: khaled0111 on September 28, 2023, 11:52:20 PM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Jemzx00 on September 28, 2023, 11:59:18 PM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Gambling and Trading may have some similarities in some sort of way as there's no guarantee whether you earn or win as it varies on multiple factors. By the way, I cannot think how trading can be considered as a job as that may be too far of a stretch to even compare.

While trading may not provide a guarantee of profit but you can strategize your way on minimizing your loss or even control how your money grow, however on gambling it may differ as most games basely rely on luck.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: tread93 on September 29, 2023, 12:52:02 AM
If you're day trading you had better have a damn good idea what you're doing otherwise you might as well just throw all of your silver coins down the wishing well.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: 3kpk3 on September 29, 2023, 06:29:19 AM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Trading also requires a good dose of luck to go your way though skills definitely help here unlike gambling where you are 100% dependent on luck. However, there are games like poker etc where skill helps along with luck.

This is why trading and gambling are actually pretty similar in more ways than one if you think about it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: avp2306 on September 29, 2023, 08:19:45 AM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Trading also requires a good dose of luck to go your way though skills definitely help here unlike gambling where you are 100% dependent on luck. However, there are games like poker etc where skill helps along with luck.

This is why trading and gambling are actually pretty similar in more ways than one if you think about it.

On some instances you really need some luck to win on the trades you set but you should never rely on that because if you just trade without doing analysis of some sort of latest events and doing some simple fundamentals then maybe you are at huge risk to lose your money. You need to spend some time or attention on trade to get some better result so if you don't have time to monitor each movement then maybe guess that trading is not for you or those people who's busy on other personal matters.

But still we choose to gamble because the fun factor is so different since dealing with certain risk especially playing along side with your friends is somehow giving us more better experience.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 29, 2023, 08:29:25 AM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Trading also requires a good dose of luck to go your way though skills definitely help here unlike gambling where you are 100% dependent on luck. However, there are games like poker etc where skill helps along with luck.

This is why trading and gambling are actually pretty similar in more ways than one if you think about it.

On some instances you really need some luck to win on the trades you set but you should never rely on that because if you just trade without doing analysis of some sort of latest events and doing some simple fundamentals then maybe you are at huge risk to lose your money. You need to spend some time or attention on trade to get some better result so if you don't have time to monitor each movement then maybe guess that trading is not for you or those people who's busy on other personal matters.

But still we choose to gamble because the fun factor is so different since dealing with certain risk especially playing along side with your friends is somehow giving us more better experience.

I couldn't agree more with your perspective on the necessity of analysis and understanding in trading. You’re spot on about the importance of not relying solely on luck and the significant role of attentiveness and analysis in achieving better results in trading. However, I'm particularly addressing a specific group here - short-term, intra-day traders who lean heavily on technical analysis without a deeper understanding of the investments they are making. They may not have substantial knowledge about the companies or the current news that could affect the stocks they are trading. These individuals might have been lured by a flashy YouTube course promising quick riches without delving into the comprehensive study and analysis that seasoned investors undertake. For this group, the simplicity and transparency of a coin flip might indeed be a more fitting and honest gamble, underscoring the contrast with true investors who dedicate time and effort to understand and analyze their investments thoroughly.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 29, 2023, 08:36:58 AM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Gambling and Trading may have some similarities in some sort of way as there's no guarantee whether you earn or win as it varies on multiple factors. By the way, I cannot think how trading can be considered as a job as that may be too far of a stretch to even compare.

While trading may not provide a guarantee of profit but you can strategize your way on minimizing your loss or even control how your money grow, however on gambling it may differ as most games basely rely on luck.

I agree that gambling and trading have fundamental differences, with the former rooted in chance and the latter in skill and analysis. Nevertheless, my concern lies with those venturing into short-term or intraday trading with little to no grounding, inadvertently converting trading to a gamble. The stark statistic that less than 10% of U.S. actively managed funds beat the market over two decades highlights the inherent challenge. When even seasoned professionals with advanced degrees and extensive resources often can't consistently outperform the market, it's daunting to envision how the average Joe could amass the requisite skills for advantageous intraday trading to consistently eclipse market averages.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Gozie51 on September 29, 2023, 11:06:30 AM

I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.

Those who compare trading and gambling to be the same may be right in their own view and that is because they see both as losing and winning enterprise and none of them is perfect in giving a daily bread and to that extent they could be stating the fact as it were. It is only few traders that can win more both not so regular. The difference that I have read some professionals say is the ability to reduce the probable loses that you can incur in trading but that is absent in gambling. In gambling sometimes after you have clicked your staking then you realized a mistake but you can't correct it or reduce it so you only wait for luck at the end of the day on that stake, to win or to lose on it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Webetcoins on September 29, 2023, 11:54:04 AM
I don't like day trading to be honest, so I'd choose to flip a coin. If you're a swing trader, that's a bit different, long-term traders who hold an asset for a year or longer are also a different breed.
You seem to have a very limited knowledge about day trading which is probably why you are preferring gambling over it because someone who understands that day trading can give someone significant profits if done in the right way would never choose gambling over it.

It's hard to choose since you're not giving us more details about the type of trader that you are, but when I read predictions by some people who constantly get everything wrong when it comes to bitcoin, I start to believe in coin flips more and more :D
Just because some people can't predict the future outcome of Bitcoin's price because they don't have enough knowledge or experience and just pretend to be good in it doesn't really make the whole thing bad. You can't say that day trading or trading, in general, is worse than gambling only because of those inexperienced people.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: bangjoe on September 29, 2023, 01:30:40 PM
If that is trade binary options and future trade I have the principle that it is gambling even if you use the formula and whatever it is in it to predict prices.
For me personally about trade, the first requirement is the existence of goods that are sold clearly (a simple example when you buy Bitcoin, Bitcoin will enter your wallet, and when the price goes up you sell it, it is a simple example that I believe) can be at Say it is a trading spot, and I don't consider gambling, whether it's long or short term.

But for them when guessing up or down, short or buy, and have a multiplier that also makes it interesting and no items enter your wallet, I personally admit it is the same as the practice of gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Negotiation on September 29, 2023, 01:41:57 PM
The main difference between day trading and gambling is that gamblers play the available odds while traders develop strategies based on market trends, price movements and past performance. Gambling depends entirely on luck. And those who can do good day trading analysis can definitely tell where the day's trade will go. So since the trade is predictable it is not gambling at all and those new traders do not understand anything. If they buy or sell trades leaving it to luck they will call it gambling because they do not understand what trading is all about. Such traders cannot sustain this gamble for long because if luck always goes against you then survival becomes very difficult. These will depend on the individual's skill in flipping coins but are difficult in gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: shivansps on September 29, 2023, 02:15:05 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I think that all the same, this is not the same thing, when we toss a coin, the chances are 50/50 that one side or the other will come up. And we cannot influence these chances in any way (unless, of course, the toss occurs in an honest manner), we cannot analyze and predict anything. In trading, we can study charts, engage in technical analysis, take into account the news background and other various sources of information, that is, this is no longer a lottery, here it is closer to something understandable


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Dunamisx on September 29, 2023, 02:21:02 PM
The main difference between day trading and gambling is that gamblers play the available odds while traders develop strategies based on market trends, price movements and past performance.

You're right, gambling has a significant difference between trading irrespective of its kind, they will both exist independently and we need a broader explanation to what constitute their differences despite their look alike in some aspects, if you trade, you don't completely loose your money like that in gambling that is winning or loosing at ones.

Gambling depends entirely on luck. And those who can do good day trading analysis can definitely tell where the day's trade will go.

Gambling is also about how skillful you are in it because some games we play while gambling may depend on luck or skills, while in trading, there's a foresight on the market direction through what the trading chart gives after which you might have speculated the current market status.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wiss19 on September 29, 2023, 03:35:19 PM
Those who compare trading and gambling to be the same may be right in their own view and that is because they see both as losing and winning enterprise and none of them is perfect in giving a daily bread and to that extent they could be stating the fact as it were. It is only few traders that can win more both not so regular. The difference that I have read some professionals say is the ability to reduce the probable loses that you can incur in trading but that is absent in gambling. In gambling sometimes after you have clicked your staking then you realized a mistake but you can't correct it or reduce it so you only wait for luck at the end of the day on that stake, to win or to lose on it.
It's all about how much dedication you have and whether you strive to learn and grow because there are countless people all around the globe who are living their lives off of the earnings from their trading activities. Day trading can provide someone the daily bread but only if they learn everything and understand the market very well before they get involved, you can obviously not earn a daily income from it if you are not even serious about it.

There are thousands of people from my country who are earning money through trading and they are earning pretty well, but I've never heard that someone is earning a daily income from gambling constantly for a lot of time because gambling isn't designed that way, it's not to provide you with constant earnings.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 29, 2023, 04:40:25 PM
Those who compare trading and gambling to be the same may be right in their own view and that is because they see both as losing and winning enterprise and none of them is perfect in giving a daily bread and to that extent they could be stating the fact as it were. It is only few traders that can win more both not so regular. The difference that I have read some professionals say is the ability to reduce the probable loses that you can incur in trading but that is absent in gambling. In gambling sometimes after you have clicked your staking then you realized a mistake but you can't correct it or reduce it so you only wait for luck at the end of the day on that stake, to win or to lose on it.
It's all about how much dedication you have and whether you strive to learn and grow because there are countless people all around the globe who are living their lives off of the earnings from their trading activities. Day trading can provide someone the daily bread but only if they learn everything and understand the market very well before they get involved, you can obviously not earn a daily income from it if you are not even serious about it.

There are thousands of people from my country who are earning money through trading and they are earning pretty well, but I've never heard that someone is earning a daily income from gambling constantly for a lot of time because gambling isn't designed that way, it's not to provide you with constant earnings.

I'm intrigued by your assertion that thousands in your country live off trading income. Is there tangible data to support this? Globally, less than 10% of professional hedge funds consistently outperform the index, so the claim that thousands from your locale consistently profit from trading seems a tad optimistic. Is it that these thousands are a subset of a much larger group of traders, with the majority not faring as well? It reminds me of the selective memory some gamblers exhibit, recalling their big wins while conveniently overlooking their losses. Can you shed some more light on this?


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 29, 2023, 04:45:25 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I think that all the same, this is not the same thing, when we toss a coin, the chances are 50/50 that one side or the other will come up. And we cannot influence these chances in any way (unless, of course, the toss occurs in an honest manner), we cannot analyze and predict anything. In trading, we can study charts, engage in technical analysis, take into account the news background and other various sources of information, that is, this is no longer a lottery, here it is closer to something understandable

Absolutely, I see your point. Shifting the perspective to a game like Rock Paper Scissors or even Poker, where analysis and prediction play roles, adds a new layer to the conversation. Yes, you can apply some form of technical analysis to make predictions in these games. However, would you count winning in these scenarios as trading? They do involve skill and analysis like trading, but they lack the financial markets' complexity, global impact, and economic indicators. The comparison is thought-provoking, yet the distinctions still remain significant.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 29, 2023, 04:52:20 PM
The main difference between day trading and gambling is that gamblers play the available odds while traders develop strategies based on market trends, price movements and past performance. Gambling depends entirely on luck. And those who can do good day trading analysis can definitely tell where the day's trade will go. So since the trade is predictable it is not gambling at all and those new traders do not understand anything. If they buy or sell trades leaving it to luck they will call it gambling because they do not understand what trading is all about. Such traders cannot sustain this gamble for long because if luck always goes against you then survival becomes very difficult. These will depend on the individual's skill in flipping coins but are difficult in gambling.

Your perspective highlights the distinction between day trading and gambling, emphasizing the strategic approach in trading against the purely luck-based nature of gambling. However, I’d like to revisit the notion of predictability in trading. Despite the strategies and analysis, the element of uncertainty and unpredictability never truly leaves trading. You mentioned that good day trading analysis can definitely predict the day’s trade, but even the most seasoned traders can be taken aback by sudden, unanticipated market movements.

My perspective aligns with the idea that while technical analysis and strategies are universal and available to everyone, they don’t assure a certain advantage. Isn’t it similar to gambling in that sense, where despite understanding the game thoroughly, the outcome might still be unexpected? The math part is consistent, but market conditions aren’t. Without leveraging big data and high-frequency trading backed by significant infrastructure, how far can basic arithmetic take a trader? This circumstance accentuates the role of luck in trading, making it not so different from gambling in terms of unpredictability. Many might be under the illusion of outsmarting the system with basic math, ignoring the substantial role that luck or unforeseen events play in the trading world.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: tusandii on September 29, 2023, 08:51:46 PM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Trading also requires a good dose of luck to go your way though skills definitely help here unlike gambling where you are 100% dependent on luck. However, there are games like poker etc where skill helps along with luck.

This is why trading and gambling are actually pretty similar in more ways than one if you think about it.
Some people will say that there are similarities between trading and gambling and most will say that they are very different and for me it depends on each concept.
If it is long term trading or more like long term investing in top coins I think it is not about luck but like investing in gold we just need time to wait for the price to rise and just like long term trading in bitcoin and we all know how the price of bitcoin has been over the years and has a very high price increase and this is what I call how their concept in trading is so it doesn't depend on luck unless trading on unpopular coins this will be a different concept when the price is very fluctuating and also usually unpopular coins will depend on the price top coins like bitcoin.
In essence, everything still depends on luck, but in each concept and the difference is in losing money more quickly in gambling and trading, losing money slowly and we can still prevent it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Odusko on September 29, 2023, 09:17:22 PM

I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.

Those who compare trading and gambling to be the same may be right in their own view and that is because they see both as losing and winning enterprise and none of them is perfect in giving a daily bread and to that extent they could be stating the fact as it were. It is only few traders that can win more both not so regular. The difference that I have read some professionals say is the ability to reduce the probable loses that you can incur in trading but that is absent in gambling. In gambling sometimes after you have clicked your staking then you realise a mistake but you can't correct it or reduce it so you only wait for luck at the end of the day on that stake, to win or to lose on it.
Gambling and trading are always compared because of the risk associated with both of them because in both trading and gambling, you can lose all your money in a go and that is why most people compare both of them to rank them the same since their risk levels are are same.
But in operation both are different and in most cases are referred to as coins with opposite faces, so for such an avoidable bad experience, you need to risk what you can afford to lose and be okay with.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Fatunad on September 29, 2023, 09:20:11 PM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Trading also requires a good dose of luck to go your way though skills definitely help here unlike gambling where you are 100% dependent on luck. However, there are games like poker etc where skill helps along with luck.

This is why trading and gambling are actually pretty similar in more ways than one if you think about it.

On some instances you really need some luck to win on the trades you set but you should never rely on that because if you just trade without doing analysis of some sort of latest events and doing some simple fundamentals then maybe you are at huge risk to lose your money. You need to spend some time or attention on trade to get some better result so if you don't have time to monitor each movement then maybe guess that trading is not for you or those people who's busy on other personal matters.

But still we choose to gamble because the fun factor is so different since dealing with certain risk especially playing along side with your friends is somehow giving us more better experience.

I couldn't agree more with your perspective on the necessity of analysis and understanding in trading. You’re spot on about the importance of not relying solely on luck and the significant role of attentiveness and analysis in achieving better results in trading. However, I'm particularly addressing a specific group here - short-term, intra-day traders who lean heavily on technical analysis without a deeper understanding of the investments they are making. They may not have substantial knowledge about the companies or the current news that could affect the stocks they are trading. These individuals might have been lured by a flashy YouTube course promising quick riches without delving into the comprehensive study and analysis that seasoned investors undertake. For this group, the simplicity and transparency of a coin flip might indeed be a more fitting and honest gamble, underscoring the contrast with true investors who dedicate time and effort to understand and analyze their investments thoroughly.
Realizations made would really be entirely be only known in the end of the line or something on the time that they would really be experiencing some issues or errors because of what they had just made.
In todays world or era on which informations could really be passed up so easily on which you are really that exposed in tons of information which been shared but the issue on here whether those things are realistic
or something delusional and since we are really just that complete new or noob into this industry or market then you would definitely be molding up with those false impressions which would lead
into those unrealistic targets just because you had seen up somewhere into those people who do earn.

If you dont really make yourself that something mindful about those realistic approach or on what things should be done then you are really that prone to errors which might cause losing of money.
If you dont really be making yourself that wise then you do know on whats next. Dont let yourself just simply wait for those things to happen but rather act accordingly or
something that do talks about being versatile and able to adapt.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Shamm on September 29, 2023, 10:06:23 PM

I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.

Those who compare trading and gambling to be the same may be right in their own view and that is because they see both as losing and winning enterprise and none of them is perfect in giving a daily bread and to that extent they could be stating the fact as it were. It is only few traders that can win more both not so regular. The difference that I have read some professionals say is the ability to reduce the probable loses that you can incur in trading but that is absent in gambling. In gambling sometimes after you have clicked your staking then you realise a mistake but you can't correct it or reduce it so you only wait for luck at the end of the day on that stake, to win or to lose on it.
Gambling and trading are always compared because of the risk associated with both of them because in both trading and gambling, you can lose all your money in a go and that is why most people compare both of them to rank them the same since their risk levels are are same.
But in operation both are different and in most cases are referred to as coins with opposite faces, so for such an avoidable bad experience, you need to risk what you can afford to lose and be okay with.

Some trading fall into loss and we can not deny the fact that there's a time we will loss in trading but if you trade In a good and trusted platform then there's a chance to have a good profit, cause trading will give you a satisfied moment once you are in the right place even though it is to risky but still worth it. While in gambling it will base on your luck once you have your luck then you will win a big amount of money that can feel you great.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: livingfree on September 29, 2023, 11:14:53 PM
Absolutely, I see your point. Shifting the perspective to a game like Rock Paper Scissors or even Poker, where analysis and prediction play roles, adds a new layer to the conversation. Yes, you can apply some form of technical analysis to make predictions in these games. However, would you count winning in these scenarios as trading? They do involve skill and analysis like trading, but they lack the financial markets' complexity, global impact, and economic indicators. The comparison is thought-provoking, yet the distinctions still remain significant.
That's it, you've said it.

There's no financial market with these gambling games and that's like comparing oranges to apples. It's like a complete world to get comparing these two dimensions.

Gambling and trading, IMO, this is going to be an unstoppable discussion. Because everyone will reason out the risk and analysis are like both the same with these two but then again, the argument will go like oranges and apples.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 30, 2023, 08:35:18 AM
I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.
Trading also requires a good dose of luck to go your way though skills definitely help here unlike gambling where you are 100% dependent on luck. However, there are games like poker etc where skill helps along with luck.

This is why trading and gambling are actually pretty similar in more ways than one if you think about it.

On some instances you really need some luck to win on the trades you set but you should never rely on that because if you just trade without doing analysis of some sort of latest events and doing some simple fundamentals then maybe you are at huge risk to lose your money. You need to spend some time or attention on trade to get some better result so if you don't have time to monitor each movement then maybe guess that trading is not for you or those people who's busy on other personal matters.

But still we choose to gamble because the fun factor is so different since dealing with certain risk especially playing along side with your friends is somehow giving us more better experience.

I couldn't agree more with your perspective on the necessity of analysis and understanding in trading. You’re spot on about the importance of not relying solely on luck and the significant role of attentiveness and analysis in achieving better results in trading. However, I'm particularly addressing a specific group here - short-term, intra-day traders who lean heavily on technical analysis without a deeper understanding of the investments they are making. They may not have substantial knowledge about the companies or the current news that could affect the stocks they are trading. These individuals might have been lured by a flashy YouTube course promising quick riches without delving into the comprehensive study and analysis that seasoned investors undertake. For this group, the simplicity and transparency of a coin flip might indeed be a more fitting and honest gamble, underscoring the contrast with true investors who dedicate time and effort to understand and analyze their investments thoroughly.
Realizations made would really be entirely be only known in the end of the line or something on the time that they would really be experiencing some issues or errors because of what they had just made.
In todays world or era on which informations could really be passed up so easily on which you are really that exposed in tons of information which been shared but the issue on here whether those things are realistic
or something delusional and since we are really just that complete new or noob into this industry or market then you would definitely be molding up with those false impressions which would lead
into those unrealistic targets just because you had seen up somewhere into those people who do earn.

If you dont really make yourself that something mindful about those realistic approach or on what things should be done then you are really that prone to errors which might cause losing of money.
If you dont really be making yourself that wise then you do know on whats next. Dont let yourself just simply wait for those things to happen but rather act accordingly or
something that do talks about being versatile and able to adapt.

Your remarks indeed sound like a heartfelt motivational speech and bring forth some crucial considerations about the influx of information in today’s world. The issue of discerning realistic information from delusion is indeed a serious challenge for newcomers in the trading world. Could you perhaps share any real-life examples to elucidate your point further?


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 30, 2023, 08:38:40 AM
Absolutely, I see your point. Shifting the perspective to a game like Rock Paper Scissors or even Poker, where analysis and prediction play roles, adds a new layer to the conversation. Yes, you can apply some form of technical analysis to make predictions in these games. However, would you count winning in these scenarios as trading? They do involve skill and analysis like trading, but they lack the financial markets' complexity, global impact, and economic indicators. The comparison is thought-provoking, yet the distinctions still remain significant.
That's it, you've said it.

There's no financial market with these gambling games and that's like comparing oranges to apples. It's like a complete world to get comparing these two dimensions.

Gambling and trading, IMO, this is going to be an unstoppable discussion. Because everyone will reason out the risk and analysis are like both the same with these two but then again, the argument will go like oranges and apples.

You've painted quite the vivid picture there, comparing the debate to an endless discussion about apples and oranges. I appreciate your perspective on the stark differences between gambling and trading.

Now, to add a twist to this fruit salad, would you agree that intra-day trading bears a resemblance to playing games like Rock Paper Scissors or Poker (without the house edge)? If you find alignment with this notion, perhaps it's time for us to shift this conversation to a new terrain. Let's explore what proves to be more beneficial, entertaining, and offers a better overall experience. Shall we weigh the aspects of fun, health, happiness, and getting more bang for the buck in each domain? Your insights on this angle would add a fresh zest to this ongoing debate!


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on September 30, 2023, 08:43:26 AM

I don't understand why some members keep insisting on comparing trading to gambling and are totally convinced they are not different from each other. First, gambling is an entertainment activity while trading is a sort of investment or a job if you like.
Second, gambling is based mainly on luck while trading is based on specific skills and experience.
It's true that you can win or lose on both of them but they are not the same and for each of them the possibilities of winning or losing depends on totally different factors.

Those who compare trading and gambling to be the same may be right in their own view and that is because they see both as losing and winning enterprise and none of them is perfect in giving a daily bread and to that extent they could be stating the fact as it were. It is only few traders that can win more both not so regular. The difference that I have read some professionals say is the ability to reduce the probable loses that you can incur in trading but that is absent in gambling. In gambling sometimes after you have clicked your staking then you realise a mistake but you can't correct it or reduce it so you only wait for luck at the end of the day on that stake, to win or to lose on it.
Gambling and trading are always compared because of the risk associated with both of them because in both trading and gambling, you can lose all your money in a go and that is why most people compare both of them to rank them the same since their risk levels are are same.
But in operation both are different and in most cases are referred to as coins with opposite faces, so for such an avoidable bad experience, you need to risk what you can afford to lose and be okay with.

I see your point about the risk levels in both gambling and trading being similar, and your analogy of them being like two sides of the same coin is quite apt. The aspect of potential loss in both activities is indeed a shared characteristic that can’t be ignored.

Yet, pondering upon it, maybe it's not too far-fetched to categorize intra-day trading as a form of gambling, akin to playing Poker or flipping a coin. This doesn’t devalue the skill, strategy, and analysis involved, just like in Poker, but highlights the substantial element of uncertainty and risk.

Your perspective is invaluable, and it might be an intriguing exploration to collectively consider if intra-day trading is, at its core, a gamble. And if we do settle on this, the ensuing discussion could very well be a fascinating delve into what form of “gambling” suits different people best. What do you think? Would love to hear more from you and others on this angle!


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BenCodie on October 01, 2023, 08:54:29 PM
Flipping and leaving things down to chance is the easy way. In turn, sometimes you will win, sometimes you will lose. Ultimately, 50/50 results in long term even events. Even wins, even losses. With casinos, this goes down as low as 35%/65%. In online casinos, it's generally 45%/55% or sometimes as low as 49.5%/50.5%. The result? Long term losses.

Day trading involves a lot more than just chance. It requires following principals and skill to improve the success rate. You are also competing with and against many people in many markets, not against a casino software built to always have better odds of winning than you do.

I totally get your point about the certainty of the 50/50 coin flip and the skewed odds in casinos or online platforms. Yes, day trading does require adherence to principles, a honed skill set, and a comprehensive understanding of the market dynamics. However, despite all the skills and principles, the market has its way of throwing curveballs. Considering the statistic that over the last 20 years, less than 10% of U.S. actively managed funds have outperformed the market, the odds seem grim. In day trading, you're pitted not just against a system designed for you to lose, but against global events, algorithmic trading, and massive financial institutions, making the playing field more uneven than it might initially appear. The complexity, the competition, and the unpredictability could make day trading feel like more of a gamble than a game of chance.

I agree. Committing to making day trading work is a risk feet, generally it isn't successful. However short term investing seems to work a lot more successfully in comparison, as this way there is time to ride out volatility, do more accurate analysis with higher time frames and make adjustments based on changing fundamentals and circumstances.

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Mr.suevie on October 01, 2023, 10:25:05 PM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BenCodie on October 02, 2023, 07:02:35 AM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

It is easy for anyone to be able to learn the basic techniques that will allow them to better view the market, rather than the default view (which the market works contrary to in my opinion). When people are fearful, be greedy. When people are greedy, be fearful, for example. A quote renowned by Buffet himself.

In the short term, trading might = gambling for a complete newbie. Though someone who takes the time to learn the right principles and techniques, I think that the difference in chance is incomparable to that of gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: savetheFORUM on October 03, 2023, 12:51:53 PM
Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
You can't really blame trading for the mistakes you've made yourself, it's you who wasn't knowledgeable or experienced about the market and couldn't handle the trades very well which is probably why you had to face losses, and I'm pretty sure that you gave up after a single loss which is why you say that gambling and trading are similar which is not true. Even if you are making short-term trades, you can still manage to gain significant profits over time.

Gambling is totally dependent on your luck while trading requires knowledge and experience, and it isn't necessary for someone to have all their trades ending with profit, you will face losses as well but it is not like gambling where your losses will surely be more than your wins in the long run.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: LUCKMCFLY on October 03, 2023, 06:10:18 PM
Day trading is not similar to gambling, in day trading the person studies the market a lot, does a lot of technical and fundamental analysis of the market and then buys and when buying the person puts stop - loss which allows the person to be able to buy and when the forecast is wrong and the price drops, that person will only lose a little money. There are very good strategies for making money trading and reducing money losses, but in general day trading is less risky than gambling. just ask ourselves how many people became addicted to gambling and how many people became addicted to day trading and we will see that the number of people addicted to gambling is a much greater number than the people who do day trading

and in my opinion this difference in the number of people addicted to gambling is a much greater number than the people who are addicted to day trading (I confess that I have not yet seen anyone saying that person X or Z became addicted to day trading) if This is due to the fact that in day trading people know that they are not going to make a lot of money, even a beginner when they enter day trading immediately realizes that they are not going to make a lot of money. for example: if a person puts $400 on an exchange to do day trade, it would take months for that person to make a 2x profit, that is, it could go more than 4 or 6 months without the $400 becoming $800

The only option a person would have in trading to get a profit of 2x or more than that would be to do hodl, and this is something that also forces the person to have patience and hold on for a year or years. Now when we look at games of chance, people immediately come across games that have a multiplier of 2x to 35x or if the person places sports bets they will easily see games with odds of @2.00, that is, in the game of chance, place $400 and have lucky, the person would easily have more than $800 in a few hours. but if that person is unlucky, then in a few hours they will easily lose all 400$ whereas in day trading even if the person were a complete amateur it would take months to lose all 400$

Well, many people tend to confuse trading (whatever its aspects) with gambling, some people believe that because some trading options are fast, such as futures, binary options, it is like gambling and it is not like that, things are usually different, for example when entering a casino the chances of winning are very random, it may be that you can win at once with a large bet or you may not win at all, it is luck, it is randomness, in rtrading there are many other things with work, there is fundamental analysis, technical analysis, a lot of mathematics, many things that have to do with the main reason of doing an analysis to win in a certain time interval.

Futures trading is very simple to do, to operate, but it takes work to reach a good result, however sometimes with all that things don't go well, you slip up or you make a mistake, so you can lose money. who posted, then these types of things are what one should consider when facing a game, or trading, in trading it is more focused on doing things by knowing, if you don't know anything and leave everything to luck, Well, that's not good, because there is no profitability, there is no way to do things well.

In trading there is a lot of work, we only see the tip of the iceberg and there is a lot there to be able to reach a signal, because money that is put in is money that can be lost and that is not what we are looking for, me personally, I find it very difficult to trade futures, because there have to be many indicators, many conditions, plus the volatility is impressive, whether in futures or forex, for me it is very risky, because I am not a quick responder. , I am one of those who likes to do long-term trading, and that is just that compared to a trader of any game, the long-term game tends to lose, while the trading does not, in the long term with a good analysis you can win , do not confuse this.


Absolutely spot-on about the detailed analysis and calculated strategies in day trading compared to the raw luck in gambling. But here's a curveball: despite all the analysis and tactics, the world of day trading often feels akin to a coin toss, don't you think? It's like entering a labyrinth, with every twist and turn dictated by the capricious whispers of the market.

But you really hit the bullseye, it's indeed more than charts and patterns, it's about intuiting the market’s unpredictable pulse, which no tutorial can imbue. Yet, even with this, why can the majority of hedge funds not outperform the index? Perhaps because the market, like a moody dance partner, chooses its own rhythm, leaving even the most skilled dancers a step behind. Despite the risks and the unpredictable twists, the journey of trading is not just about the wins or losses, it’s about growing, learning, and swaying along with the market's unique beat, hoping it chooses to dance with us. A gamble? Maybe. A growth? Definitely.
Yes, I have clearly seen that many people allow themselves to be guided and read by patterns, it is something that cannot be avoided, in fact I have studied a lot in the past about the theory that I believe that if they work well and are fulfilled, it is with the theory Wyckoff where initially things usually go well, I have seen so many pattern charts that the current Bitcoin situation at the moment could have up to 10 situations that can occur, which turns out to be very complicated, but of course there are things that have to be known. do and take into consideration, for this world the world sees things in all ways, bitcoin is more accepted, online casinos now require KYC because governments somehow want to control the eproans that have cyrpto even for fun, So things when talking about bticoniy crypto have taken on more importance, for me it is one of the things that can be taken into account to be able to take it to another level, of course this is what many are referring to.

The biggest bet for me will always be based on Knowledge, that's why when they talk to me about games of chance, it is difficult to make an intelligent bet and make it happen, because of the random fact that is always there, but when we give you an account that something that can happen, for example sports betting and Tradition , for me the similarity they have is that the one who has the most wisdom and the one who makes the most money, there is no other way, this is always fulfilled and must be fulfilled, to my is the correct thing and what Can happen at Any time, that's why When you buy games of chance with gtrading, in any of its ways, you have to know a clear Difference, when it comes to slot machine games, roulette, dice , this has an uncontrollable ingredient, which is chance, perhaps in bitcoin trading the uncontrollable Ingredient , but those who know how to read it can win with that, which is volatility.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hamphser on October 03, 2023, 08:43:53 PM
Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
You can't really blame trading for the mistakes you've made yourself, it's you who wasn't knowledgeable or experienced about the market and couldn't handle the trades very well which is probably why you had to face losses, and I'm pretty sure that you gave up after a single loss which is why you say that gambling and trading are similar which is not true. Even if you are making short-term trades, you can still manage to gain significant profits over time.

Gambling is totally dependent on your luck while trading requires knowledge and experience, and it isn't necessary for someone to have all their trades ending with profit, you will face losses as well but it is not like gambling where your losses will surely be more than your wins in the long run.
Even on just trying out to mind and compare on both things about whats gambling and whats trading, then you could really see the significant difference among the two on which we can say that trading could really

be only called as gambling on the time that you dont really make out any analysis towards your trading dealing because we know on how crucial is on making out those analysis before you would make out those positioning which it is really that totally different when you do gamble literally with those games which it doesnt really require out such thing unless if you are dealing with strategic type of gambling then
it is really that significant that analysis and experience does really have an advantage.

Both things have risks but in speaking about longer aspect or something that could bring out fortune if done well and smartly, then trading is really that something
worth that you should really make yourself that dealing with but in speaking of leisure then we know on where we do make ourselves
that touch up.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BitDane on October 03, 2023, 08:47:56 PM
Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
You can't really blame trading for the mistakes you've made yourself, it's you who wasn't knowledgeable or experienced about the market and couldn't handle the trades very well which is probably why you had to face losses, and I'm pretty sure that you gave up after a single loss which is why you say that gambling and trading are similar which is not true. Even if you are making short-term trades, you can still manage to gain significant profits over time.

I second your belief that trading and gambling are not the same.  When a person do trade without knowledge on what he is trading, it is considered to be an act of gambling because he tends to gamble his money and relies only on luck without using the mitigating factor that is available in trading.  But this action does not conclude that trading and gambling is the same because in their true essence, trading have many factors that can mitigate or remove the risk factor of the activities while gambling has no means to lower down the risk.

Gambling is totally dependent on your luck while trading requires knowledge and experience, and it isn't necessary for someone to have all their trades ending with profit, you will face losses as well but it is not like gambling where your losses will surely be more than your wins in the long run.

There are gambling that also relies on skill but the risk factor is still greater than trading because the uncontrolled variable is added to this gambling games in order to nullify the skills a person who is betting has.  Life for example in a boxing match, sportsbooks add certain options like being KO'ed in a certain rounds or winning through decisions that make the risk of losing way higher.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Sandra_hakeem on October 03, 2023, 09:38:13 PM
I'll say, gambling is all about your self-built potentials... And I think it's more about luck cus why not?? What's the probability of the other person on the coinbar not winning at the end of the day??.. almost nothing.
I think trading is way-more different; from the steps to analyze daily entries, to the entry itself... I can't assure anyone about boom and crash market volatility and speculations.. I feel it's predominantly manipulated, but as for crypto Trading? It's the safest I know so far. So I'd still say gambling isn't to be compared to trading..

Sandra 🧑‍🦰


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: paxmao on October 03, 2023, 11:34:44 PM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

Gambling to tradititonal casino games or in general games of chances is not like playing stocks and shares, however, you can actually make them the same thing if you simply ignore any basic trading rule or you are not into the deal of trading. In any case, for most people this is true, as trading requires an understanding that starts with believing that it is actually not a game of chance.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wiwo on October 03, 2023, 11:48:57 PM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both fields are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
The tin line between gambling and trading is that,  in gambling, you tend to depend heavily on your lick to win the games in most cases,  but that is not so in trading most especially in crypto trading where you have to analyze the market and make use of a lot of trading tools to determine what the best position open your trade and the right leverage to use in doing so,  this key difference has set the boundary between trading and gambling.

And even though we have a few gambling games like poker that requires some level of skills,  it still boils down to one single fact that gambling outcome still rely heavily on luck and trading rather than trying lore on the skills of the trader. M


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: lienfaye on October 04, 2023, 04:19:05 AM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
What makes you think that way? If you're going to day trade without knowledge about it and just going with the flow, picking random coin and then waiting for a miracle, that's gambling.

But if you have knowledge and aware of what you're doing, has a skill and strategy to execute for a better result, it's different to coin flip. Coin flip is gambling, not complicated and no special skills needed. Just shows gambling and trading are different. Though they have similarities depending on the trader's style on how he/she trade.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: ultrloa on October 04, 2023, 05:54:51 AM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
What makes you think that way? If you're going to day trade without knowledge about it and just going with the flow, picking random coin and then waiting for a miracle, that's gambling.

But if you have knowledge and aware of what you're doing, has a skill and strategy to execute for a better result, it's different to coin flip. Coin flip is gambling, not complicated and no special skills needed. Just shows gambling and trading are different. Though they have similarities depending on the trader's style on how he/she trade.

Exactly that's why they think its a gambling since they just pick those coins without doing any research. But if they just simply do some little analysis on picking the best coin I guess for that they can't call it the same thing. But its still up for him what he calls it since no one can provably change his mind if he believe that trading and gambling is just the same. What important matter here is he or we enjoy what we do and we have goals to reach using the strategy we use while executing any of those options.

But if they are experienced on both categories for sure he might will not create this kind of thread and compare it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: ethereumhunter on October 04, 2023, 11:03:15 AM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
What makes you think that way? If you're going to day trade without knowledge about it and just going with the flow, picking random coin and then waiting for a miracle, that's gambling.

But if you have knowledge and aware of what you're doing, has a skill and strategy to execute for a better result, it's different to coin flip. Coin flip is gambling, not complicated and no special skills needed. Just shows gambling and trading are different. Though they have similarities depending on the trader's style on how he/she trade.
That's true because what differentiates trading from gambling or coin flips is knowledge, skills, and strategies that can help someone get good results in trading. If someone can't choose the coin and just randomly waits for a miracle, that's gambling, as you said. But often, someone who trades using such methods can make a profit because they have good luck in trading. But they don't apply it to gambling because they might experience losses more often. However, these methods cannot or are difficult to apply to daily trading because the movement of the coins also varies and requires skill to find the right coin.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Outhue on October 04, 2023, 11:21:34 AM
You could be a good trader but how sophisticated your trading tools are is what will push you into a higher level of trading guru, it's mostly about the tools you use, every other things can be learned by everyone, if I were you I won't underestimate the trading tools.

You want to be a successful trader? You must be prepared to spend money on trading tools, this is why makes trading more reliable than gambling, all you have to depend on is the tools, and respect for the charts.

With gambling, you are too vulnerable to loses because it's you and the house, there is no tools or strategy that can make you a better gambler, all you have to rely on is your luck, and since this is the way with gambling, I've decided to always be a responsible gambler, and use what I am ready to lose in gambling. It makes sense to use all your might, money and  skills where its required, and that's in trading, not gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hamphser on October 04, 2023, 07:57:54 PM
Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
You can't really blame trading for the mistakes you've made yourself, it's you who wasn't knowledgeable or experienced about the market and couldn't handle the trades very well which is probably why you had to face losses, and I'm pretty sure that you gave up after a single loss which is why you say that gambling and trading are similar which is not true. Even if you are making short-term trades, you can still manage to gain significant profits over time.

I second your belief that trading and gambling are not the same.  When a person do trade without knowledge on what he is trading, it is considered to be an act of gambling because he tends to gamble his money and relies only on luck without using the mitigating factor that is available in trading.  But this action does not conclude that trading and gambling is the same because in their true essence, trading have many factors that can mitigate or remove the risk factor of the activities while gambling has no means to lower down the risk.

Gambling is totally dependent on your luck while trading requires knowledge and experience, and it isn't necessary for someone to have all their trades ending with profit, you will face losses as well but it is not like gambling where your losses will surely be more than your wins in the long run.

There are gambling that also relies on skill but the risk factor is still greater than trading because the uncontrolled variable is added to this gambling games in order to nullify the skills a person who is betting has.  Life for example in a boxing match, sportsbooks add certain options like being KO'ed in a certain rounds or winning through decisions that make the risk of losing way higher.
On simply just making use of your own common sense then you can directly spot out on what are the main differences on which gambling and trading could have. Yes, both have some risks but the level of risks

would really be totally different and this is something that determines whether it would really be that something worth for you to deal with or it depends on what are the intents you do have in mind
whether you are thinking up for some investment type of mindset or would really be go for leisure. We arent that too dumb not to determine on which things do really fit out on that criteria
or wont really be able to point out fingers on which thing that suits out with your interest or intent. Both things could really give out that kind of opportunity for you to make
money but of course it would really be talking about different field since gambling and trading is really just that not the same and something that needs up that separate intent
basing up on what you do have in mind.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BenCodie on October 04, 2023, 08:48:08 PM
Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
You can't really blame trading for the mistakes you've made yourself, it's you who wasn't knowledgeable or experienced about the market and couldn't handle the trades very well which is probably why you had to face losses, and I'm pretty sure that you gave up after a single loss which is why you say that gambling and trading are similar which is not true. Even if you are making short-term trades, you can still manage to gain significant profits over time.

I second your belief that trading and gambling are not the same.  When a person do trade without knowledge on what he is trading, it is considered to be an act of gambling because he tends to gamble his money and relies only on luck without using the mitigating factor that is available in trading.  But this action does not conclude that trading and gambling is the same because in their true essence, trading have many factors that can mitigate or remove the risk factor of the activities while gambling has no means to lower down the risk.

Gambling is totally dependent on your luck while trading requires knowledge and experience, and it isn't necessary for someone to have all their trades ending with profit, you will face losses as well but it is not like gambling where your losses will surely be more than your wins in the long run.

There are gambling that also relies on skill but the risk factor is still greater than trading because the uncontrolled variable is added to this gambling games in order to nullify the skills a person who is betting has.  Life for example in a boxing match, sportsbooks add certain options like being KO'ed in a certain rounds or winning through decisions that make the risk of losing way higher.
On simply just making use of your own common sense then you can directly spot out on what are the main differences on which gambling and trading could have. Yes, both have some risks but the level of risks

would really be totally different and this is something that determines whether it would really be that something worth for you to deal with or it depends on what are the intents you do have in mind
whether you are thinking up for some investment type of mindset or would really be go for leisure. We arent that too dumb not to determine on which things do really fit out on that criteria
or wont really be able to point out fingers on which thing that suits out with your interest or intent. Both things could really give out that kind of opportunity for you to make
money but of course it would really be talking about different field since gambling and trading is really just that not the same and something that needs up that separate intent
basing up on what you do have in mind.

You've made quite a good post here it's just terribly structured. Sentences are continuing 2 line breaks away at some points!

You are completely right though; Intent, Leisure/investment, and and I think, expectations as well, all determine if we are aiming to gamble or trade (in a market or on a casino platform). An investing mindset is not going into a casino. A leisure mindset probably will (or an exchange with extremely high margin, lol).


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: DaNNy001 on October 04, 2023, 09:13:10 PM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
Well life itself is actually base on risk because nothing is actually safe and although trading is more base on who is skilled and if one knows that he isn't then actually going to trade it's actually a stupid risk because you will get drained because trading is actually a crazy gambling that is hidden in the name of statistics and candle stick reading. With all the little experience I have had in trading I won't ever have the thought of risking any coins knowing fully well the odds are against you.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: ArnavPace on October 05, 2023, 04:21:39 AM
Regarding the age-old dilemma of flipping or trading, it's like choosing between two exciting games! I think both have their charms, but it depends on your risk tolerance and strategy.
Flipping can be quick and thrilling, like a round at an Online Casino Malaysia (https://yubet.info/malaysia/)! It's all about making smart bets and hoping for that lucky break. But, remember, it can be volatile, so only invest what you can afford to lose.
On the other hand, trading feels more like a long-term investment plan, akin to a well-thought-out strategy in a game of chess. It's about studying the trends and making calculated moves.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: iv4n on October 05, 2023, 05:29:33 AM
Regarding the age-old dilemma of flipping or trading, it's like choosing between two exciting games! I think both have their charms, but it depends on your risk tolerance and strategy.

This is well said, it's like choosing between two exciting games, and I can't agree more with that. Fliping coins or choosing any other lucky-based game can be compared with short-term trading, and what's better or more rewarding depends on our taste and preferences along with the strategies we apply. I guess both can be risky if we aim big, but there is excitement even if we chase some small profits over a longer period.

My choice is coin flip and similar gambling games... day trading is definitely not for me.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BenCodie on October 05, 2023, 06:46:03 AM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more
Well life itself is actually base on risk because nothing is actually safe and although trading is more base on who is skilled and if one knows that he isn't then actually going to trade it's actually a stupid risk because you will get drained because trading is actually a crazy gambling that is hidden in the name of statistics and candle stick reading. With all the little experience I have had in trading I won't ever have the thought of risking any coins knowing fully well the odds are against you.

If you are entering the market with no knowledge, no idea what a chart represents, no fundamental knowledge, and just picking things because you like the sound of something or have heard about it, then yes, that is crazy gambling. Some lucky schmucks do win this way....a lot more do not....that is the same as gambling. Lots lose, few win. Someone with knowledge and risk awareness, while applying basic trading principles and having generally decent knowledge, I'd put the odds on this set of people making more than that of gamblers on non-skill based gambling. Poker being a skill based PvP game is probably the exception, though just like trading, you need skills, principles and strategies to beat other players who also have that. Luck is a factor, but not the only factor.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: LUCKMCFLY on October 05, 2023, 01:16:32 PM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

It is easy for anyone to be able to learn the basic techniques that will allow them to better view the market, rather than the default view (which the market works contrary to in my opinion). When people are fearful, be greedy. When people are greedy, be fearful, for example. A quote renowned by Buffet himself.

In the short term, trading might = gambling for a complete newbie. Though someone who takes the time to learn the right principles and techniques, I think that the difference in chance is incomparable to that of gambling.
Well Warren Buffet is usually a great teacher teaching a lot about the market, this is something that we all recognize, but personally he is an investor, and we all know the obvious differences between an investor and a market speculator, when we are doing an analysis and making decisions, because everything varies, depending on what people want to do, if he is an investor the best advice is his, but why? because he is a man who in his time took a lot of time to do the analysis and look for the best action with a vision for the future that could give him a great profit, not bad, he knew how to do his analysis, taking into account possible scenarios where basically the market can crash and its investment is in danger, the investors are not for making short-term investments, because it is as you say, it is as if you were going to a casino to gamble, they are not prepared to react at once, they are Prepared to last 5-8 years with the initial investment, this is something that investors normally have.

For market speculators or for people like me, for example, who have studied the books of Wartren Buffet and other notable authors on investment and the market, one could talk about the Wyckjoff method, where the most experts do They are capable of studying the market even though the volatility is immense in the short term, in that case they compete, because they apply Wcjoff in its maximum expression and if, what they predict is mostly fulfilled, the truth is a very win-win situation. What do they have, I don't know but you have to have a lot of memory to keep in mind the charts that there are in the large number of possible configurations, this makes things more accurate when trying to establish a better understanding of the market A good memory always helps, plus theory and experience is a factor that is difficult to contradict.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: bayu7adi on October 05, 2023, 03:04:52 PM
Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hispo on October 05, 2023, 05:01:19 PM
Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.

It is said that time in the market beats timing the market.  It is a topic we have discussed many times here in the forum.
I personally cannot see myself as a day trader, it takes a specially resilient person and a lot of intuition to be successfully speculate in a daily basis and make a living out of it.

On the other hand, going for the long term it is easier and even more if one uses money one do not need in order to survive.

But it is kind of of topic, since we are supposed to be talking about the comparison of day trading and flipping a coin, for the sake of going safer, I would rather to try to day trade, instead putting my money at stake on a single flip.  :P


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hamphser on October 05, 2023, 07:40:14 PM
Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.
One of the reason on why i did changed up from Daytrading/scalping into a swing/long term trader on which it isnt really that stressful since you wont really be needing to face up the volatility on active manner on which this is something that it is really that very hard if we do really speak about those moving prices on which it would bring up stress and anxiety but if  you do able to adapt with those things then it wont really be an issue. It is really just that each person does have their own level of tolerance on things and this is why on the time that they would really be experiencing up something then they would really be needing to adapt on which its a must thing specially if you are a trader. Yes, luck does play also an important part even though we arent talking about gambling but making  yourself that survive on this market which your speculations and predictions does really need up some mix of luck because analysis would really be useless or pointless if you do find yourself not really be able to lucky on that particular time.
In short, there are several factors which you would really be considering that could really affect a certain outcome.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: passwordnow on October 05, 2023, 08:22:58 PM
Regarding the age-old dilemma of flipping or trading, it's like choosing between two exciting games! I think both have their charms, but it depends on your risk tolerance and strategy.
Yup, they have their own goodness and beauty but also gonna bring or let you experience the best and worst from it. In trading, you've got the way to at least of how you're going to react with the market and make your calls to specific pairs that you will do. And in gambling, it's the same before you place bets in games that requires you analysis but if we will just be specific with flipping a coin, there's no need for such analysis as it's only about throwing or tossing a coin and results are truly random. The only company that you'll need on this one is luck for which it's also sometimes seen in trading even as you do your analysis.

On one hand, there is the advantage if you're in both of these activities. You're not scared with risk and I think that's the best attribute that one will get from being a gambler or a trader, you're just used to this world risk and your tolerance from it is higher than the usual person that doesn't even want to take risk and not eager to try it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wiss19 on October 06, 2023, 07:18:15 AM
What makes you think that way?
It's most probably futures and options trading that makes people think that way about trading because options and futures trading have some similarities with gambling though they are not exactly how gambling works because gambling is totally based on luck and trading requires knowledge and experience no matter what kind of trading it is.

If you're going to day trade without knowledge about it and just going with the flow, picking random coin and then waiting for a miracle, that's gambling.
Some people simply don't understand how they can differentiate between trading and gambling because they've always been in a hurry to earn money and with that thought, they've lost a lot of money and now they think that gambling and trading are the same thing.

But if you have knowledge and aware of what you're doing, has a skill and strategy to execute for a better result, it's different to coin flip.
Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Youngkhngdiddy on October 08, 2023, 03:11:18 PM
Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.

  Gambling or betting on some team is profitable with respect to your luck. Let’s take the game of card, you have no control over the cards which is gonna come to you. So whatever you do with this game ultimately you depend on your luck. And the worse part is that there is no guarantee on your luck. If your luck is against you then you are out of the board. Whereas trading in stock/commodity completely calculated risk with sort term horizon. Traders are fast to react. They pay attention to what the market is telling them and then act accordingly. Some gamblers feel they can beat the odds, but they are mistaken. They get thrilled about the possibility of a large win and get caught up in the glitz and glam of the casino, but the odd quickly work their way through their sums.
   Knowledge is both required for the both, because being ignorance will warrant to lose of wealth. You need to have idea of what you’re doing, it is not advisable to just put in money where you do not belong. I won’t say  trading is gambling because it warrant close observation and analysis, of course, there is some luck in trading and investing, when trading earnings depend on how well you can do it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: naikturun on October 08, 2023, 03:42:45 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip


It seems to be true, a direct coin toss does rely on luck.
while daily trading must look at technical and fundamental analysis.
and sometimes predictions can be wrong when bitcoin goes up/down making all alts follow bitcoin's movements directly.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fapar on October 08, 2023, 04:36:50 PM
Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.

  Gambling or betting on some team is profitable with respect to your luck. Let’s take the game of card, you have no control over the cards which is gonna come to you. So whatever you do with this game ultimately you depend on your luck. And the worse part is that there is no guarantee on your luck. If your luck is against you then you are out of the board. Where as trading in stock/commodity completely calculated risk with sort term horizon. Traders are fast to react. They pay attention to what the market is telling them and then act accordingly. Some gamblers feel they can beat the odds, but they are mistaken. They get thrilled about the possibility of a large win and get caught up in the glitz and glam of the casino, but the odd quickly work their way through their sums.
   Knowledge is both required for the both, because being ignorance will warrant to lose of wealth. You need to have idea of what you’re doing, it is not advisable to just put in money where you do not belong. I won’t say  trading is gambling because it warrant close observation and analysis, of course, there is some luck in trading and investing, when trading earnings depend on how well you can do it.
Yes, but when playing cards with the dealer and other players, the cards can be "counted". This slightly increases your success rate. You can also use a bot with safe strategies when trading on the stock exchange. But I agree that in both cases, luck and our greed decide.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Haunebu on October 08, 2023, 05:27:17 PM
Yes, but when playing cards with the dealer and other players, the cards can be "counted". This slightly increases your success rate.
Card counting isn't really a viable strategy anymore ever since casinos found out about it sometime back. Security will kick you out if they find out that you were card counting thanks to CCTV coverage etc.

You can also use a bot with safe strategies when trading on the stock exchange.
Bots do help on FIAT and crypto exchanges, but they don't guarantee profits and could mess up sometimes.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Blitzboy on October 09, 2023, 05:41:21 AM
Gambling doesn't require any knowledge from a gambler, while the very first thing about trading is the knowledge that you need and then trading capital. So, it's true that you can't achieve anything through trading if you lack that.

  Gambling or betting on some team is profitable with respect to your luck. Let’s take the game of card, you have no control over the cards which is gonna come to you. So whatever you do with this game ultimately you depend on your luck. And the worse part is that there is no guarantee on your luck. If your luck is against you then you are out of the board. Where as trading in stock/commodity completely calculated risk with sort term horizon. Traders are fast to react. They pay attention to what the market is telling them and then act accordingly. Some gamblers feel they can beat the odds, but they are mistaken. They get thrilled about the possibility of a large win and get caught up in the glitz and glam of the casino, but the odd quickly work their way through their sums.
   Knowledge is both required for the both, because being ignorance will warrant to lose of wealth. You need to have idea of what you’re doing, it is not advisable to just put in money where you do not belong. I won’t say  trading is gambling because it warrant close observation and analysis, of course, there is some luck in trading and investing, when trading earnings depend on how well you can do it.
Gamble and trade require knowledge, right? Gambling knowledge reduces risk, whereas trading knowledge maximizes return. Playing your hand is more important at the poker table. You play, hope, and cross your fingers; sometimes you win, sometimes you lose. Its the game, right?

Traders dont merely hope. You watch, learn, observe, analyze, and act. Luck helps, but knowing more prepares you. As you said, traders act quickly. They see, comprehend, act. Gamblers? They hope.

A trader and a gambler enter a pub. Who orders the riskier drink? Remember to play safe and know your boundaries at the casino and stock market.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wind_FURY on October 09, 2023, 06:45:07 AM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

It is easy for anyone to be able to learn the basic techniques that will allow them to better view the market, rather than the default view (which the market works contrary to in my opinion). When people are fearful, be greedy. When people are greedy, be fearful, for example. A quote renowned by Buffet himself.

In the short term, trading might = gambling for a complete newbie. Though someone who takes the time to learn the right principles and techniques, I think that the difference in chance is incomparable to that of gambling.

Well Warren Buffet is usually a great teacher teaching a lot about the market,


"Usually" he is, although, any mention of Bitcoin to him will make him lose control of his emotions because he can't admit how great of an investment Bitcoin currently is, and will be, in the years that will be coming. ESPECIALLY when the Federal Reseve, the European Central Bank and other Central Banks around the world start Q.E. and turn on the money printers again.

The automobile was probably in the same position during the time when it was newly invented. People like the Warren Buffetts of those times probably said the automobile was something like "Rat poison squared" too. 8)


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Mauser on October 09, 2023, 07:16:40 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

It depends a bit how we define day trading, do you really buy and sell coins for 8 hours a day, or do we just a buy a few coins per week when the prices are right? A coin is one time event, we either win or lose with 50/50, but if we keep doing the same flip over and over again the chances are high that we will go broke. Nobody can always be right in a coin flip for a long period of time. In case we only do the flip with small amounts then our expected profit is 0, because we should have the same amount of wins as losses. In trading it's different, we don't know instantly if we won or lost money. It could take month for a coin to turn into a real profit and we always have our investment until we sell it. That's why I would say trading is less risky, nobody forces us to sell below our purchase price. We could always hold out and wait for the prices to recover again.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on October 09, 2023, 09:19:48 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

It depends a bit how we define day trading, do you really buy and sell coins for 8 hours a day, or do we just a buy a few coins per week when the prices are right? A coin is one time event, we either win or lose with 50/50, but if we keep doing the same flip over and over again the chances are high that we will go broke. Nobody can always be right in a coin flip for a long period of time. In case we only do the flip with small amounts then our expected profit is 0, because we should have the same amount of wins as losses. In trading it's different, we don't know instantly if we won or lost money. It could take month for a coin to turn into a real profit and we always have our investment until we sell it. That's why I would say trading is less risky, nobody forces us to sell below our purchase price. We could always hold out and wait for the prices to recover again.


When I discuss day trading, I mean those who buy and sell daily, akin to high-frequency trading. This contrasts with longer-term strategies where you can wait out unfavorable prices. In day trading, swift decisions are vital due to daily market fluctuations. This rapid pace inherently increases the risk, as opposed to the more patient approach of holding assets longer-term. Thus, day trading, given its unpredictable nature within short time frames, can feel a lot like a gamble.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: maydna on October 09, 2023, 01:32:29 PM
When I discuss day trading, I mean those who buy and sell daily, akin to high-frequency trading. This contrasts with longer-term strategies where you can wait out unfavorable prices. In day trading, swift decisions are vital due to daily market fluctuations. This rapid pace inherently increases the risk, as opposed to the more patient approach of holding assets longer-term. Thus, day trading, given its unpredictable nature within short time frames, can feel a lot like a gamble.
Speed in making decisions must be accompanied by the ability to analyze well so that we can enter or exit trades on time. Those who buy and sell every day must have analytical skills to find the coins and make a profit. But most people don't want to learn analysis and only depend on other people. This will make trading like gambling because they do not have a basic analysis determining when they enter and exit.

And if they stay like that, they are just gambling in the market because they don't know how to find the coins and are just waiting for what other people suggest. That's what we have to avoid if we want to trade.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wind_FURY on October 11, 2023, 08:49:03 AM
Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes.


What would be their purpose for trading? I have never met a single individual who day-trades for entertainment. There's always a strategy being utilized to get an edge against others, and the profit is merely the validation that their strategy might be working.

Quote

Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.


Most of the top 10% winning traders might be using bots and other statistical apps/automated software to spare them from the daily anxiety of trading, and save their sanity. Hahaha.

Quote

Luck plays a role as well, but the odds of winning are (feels) greater.


The odds of winning by a person not included in the top 10% of winning traders might truly be lower than what he/she believes.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hirose UK on October 11, 2023, 12:57:55 PM
Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes.


What would be their purpose for trading? I have never met a single individual who day-trades for entertainment. There's always a strategy being utilized to get an edge against others, and the profit is merely the validation that their strategy might be working.
It true if it not to make profit then for what purpose does someone carry out trading which clearly requires more and more capital if you want to get more profits and all of that is full of risks, the same as gambling but in gambling it could be said more to have fun and people like this profit is just luck without much hope.
So far all traders have always aimed to earn additional income not for fun or anything like that.

Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.


Most of the top 10% winning traders might be using bots and other statistical apps/automated software to spare them from the daily anxiety of trading, and save their sanity. Hahaha.
That because they have lot of money to buy or use tools such as bots in trading and this is normal thing for high class traders.
Moreover in trading the use of bots is still permitted because it is only to be able to determine the selling price and buying price so that traders can be quicker in placing profits and can minimize losses when assets experience decline in price.

Luck plays a role as well, but the odds of winning are (feels) greater.


The odds of winning by a person not included in the top 10% of winning traders might truly be lower than what he/she believes.
Any trader can get win or profit when they have succeeded in getting the right asset and can determine good momentum for the purchase price even though they only use relatively small capital, but remember that in trading you need large capital if you want to get bigger profits too.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: GiftedMAN on October 12, 2023, 01:00:49 PM
Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes. Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.

Luck plays a role as well, but the odds of winning are (feels) greater.
Trading can be very exhausting if we are a full term trader it if we do everything by ourselves. There world recently have been revolving around artificial intelligence and we need to make sure that we do things that would help us be a good trader. We don't have to trade the whole day, trading is supposed to be like few hours in the market not to be in the market the whole day although we can't relate it to gambling which is mostly based on lucky and little skill which makes it different from trading where you will have to put your skill into practice.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Unsoldier on October 12, 2023, 01:39:49 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day trading is really something like coin flip. Many traders use their own strategies, but it doesn't always work. Success in trading depends very often on luck. But when you trade, the more money you have, the more influence you can have on the market. But the coin flip is pure random.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: LUCKMCFLY on October 12, 2023, 07:06:47 PM

Day trading & gambling do have similar features. Short term investing in blockchain does trump both of the latter I believe.
Indeed I will agree with you on this because short term trading is way risky as same as gambling and believe me I have had a taste of both and the results that yeilded from both field are the particular ones am not too proud of and I wouldn't ever advice anyone who is not an expert in trading to ever even venture into it. It's more preferable to just buy little coins and save and hope for the market to boom once more

It is easy for anyone to be able to learn the basic techniques that will allow them to better view the market, rather than the default view (which the market works contrary to in my opinion). When people are fearful, be greedy. When people are greedy, be fearful, for example. A quote renowned by Buffet himself.

In the short term, trading might = gambling for a complete newbie. Though someone who takes the time to learn the right principles and techniques, I think that the difference in chance is incomparable to that of gambling.

Well Warren Buffet is usually a great teacher teaching a lot about the market,


"Usually" he is, although, any mention of Bitcoin to him will make him lose control of his emotions because he can't admit how great of an investment Bitcoin currently is, and will be, in the years that will be coming. ESPECIALLY when the Federal Reseve, the European Central Bank and other Central Banks around the world start Q.E. and turn on the money printers again.

The automobile was probably in the same position during the time when it was newly invented. People like the Warren Buffetts of those times probably said the automobile was something like "Rat poison squared" too. 8)

You are Absolutely right about that , he loses Control and can never Speak well , lol , for him Bitcoin is something that cannot be normalized, the great thing is that his books apply to technology and the Bitcoin Economy, it is a great investo , very wise, personally I have read his books and he is a person who has a lot of wisdom, these things are what I may have Seen , although I don't know if you remember the time that SEO himself and owner of Tron invited him to Lunch or Dinner and they talked about crypto, well there he gave him some coins and well that was quite a casual thing that he liked a lot, I remember it, but in general terms well I think that things are like that when it comes to how to stay up to date with the best investment, that is why sometimes in these types of issues the best is to have the most correct decision, for that reason I think that many more things can be done if it is done with the true moment based on the theories of those who know the most.

Now when it comes to the crypto world, the casinos , all this has a lot of simplicity, or rather the corresponding analogy can be made, for me in what it has to be like uivnerion, or being in a casino and playing games. intelligently because things can happen in a real way, that is, things when they are in the casinos , in the trading , then the profitability must be seen , and to achieve that, I think the safest thing here is to see both the casino and trading as a business, where if Profits are obtained , few, it doesn't matter because it is something that can be done, generated , otherwise I don't see any other way, whatever you do because you always have to find a way to win, That's why when we study, we educate ourselves with books by authors of this style, even if the author doesn't like bitcoin, because the advice that is financial in nature is very good, and it is totally Applicable to the crypto market even though things are different taking into account volatility.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hamphser on October 12, 2023, 07:29:40 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day trading is really something like coin flip. Many traders use their own strategies, but it doesn't always work. Success in trading depends very often on luck. But when you trade, the more money you have, the more influence you can have on the market. But the coin flip is pure random.
Cant really be denied that trading is really that something that involves gambling but the beauty of this thing is that you could really be able to apply strategies and analysis on which it would really be lessening out the certain risks on losing a trade which it is really that totally not applicable if we do speak on dealing with luck based games on which we know that results would really be completely random. In overall, its not really that good to make out some similar treatment between trading and gambling yet they are really that different in the first place. Yes, you might need that to put up risks for you to make money or profit but the thing on how its been done and whats the real purpose will really differ.

Trading is for long term approach and something that do talks about investment or some profit source and on which gambling is really just that for entertainment purposes then it wont really be that
much of concern or trying out to make yourself that boggle up on the time that you would really be that minding about the risks involved. Both does have it but the level
of risks is really that different.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: virasog on October 12, 2023, 07:53:25 PM
Cant really be denied that trading is really that something that involves gambling but the beauty of this thing is that you could really be able to apply strategies and analysis on which it would really be lessening out the certain risks on losing a trade which it is really that totally not applicable if we do speak on dealing with luck based games on which we know that results would really be completely random. In overall, its not really that good to make out some similar treatment between trading and gambling yet they are really that different in the first place. Yes, you might need that to put up risks for you to make money or profit but the thing on how its been done and whats the real purpose will really differ.

Most people still do trading like gambling. This will place a future trade taking high leverage and do very little technical analysis. They will either take a trade based on their own will or copy paste any signals from the signal's groups (there are too many of them these days, each claiming to be 100% accurate).

Those who still do some technical analysis, do it in the wrong way. Yes, I say this because using the traditional technical analysis tools won't help much as this market too much manipulated and all these technical analysis indicators are lagging.

Only a few people are real traders (and not gamblers) who have mastered price action trading. I would say that unless someone is doing the right trading with money management, he can be termed as a proper trader, the rest all of them are trading on a hit and try basis and that is similar to gambling.




Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: UmerIdrees on October 12, 2023, 08:13:25 PM
Trading is for long term approach and something that do talks about investment or some profit source and on which gambling is really just that for entertainment purposes then it wont really be that
much of concern or trying out to make yourself that boggle up on the time that you would really be that minding about the risks involved. Both does have it but the level
of risks is really that different.

Long term trading means that you invest (buy) in bitcoins and altcoins in the spot and hold them for the long term so that when their value increases you may sell them for profit. This is the best and safest approach in trading. Those who follow this type of investment in cryptocurrencies may seldom lose and usually make money. Also, this type of investment is risk free and it is totally opposite to gambling.

Gambling is full of risk and this can be understood by the flip of the coin. For example, you can bet on the outcome of the coin if the coin is flipped head or tail. You just win or lose instantly without anything under your control. This is called gambling and it is the more riskier than trading but still it can also give you quicker profits than trading too. (The risk of losing is also more here).


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: lionheart78 on October 12, 2023, 10:33:23 PM
Trading is for long term approach and something that do talks about investment or some profit source and on which gambling is really just that for entertainment purposes then it wont really be that
much of concern or trying out to make yourself that boggle up on the time that you would really be that minding about the risks involved. Both does have it but the level
of risks is really that different.

Long term trading means that you invest (buy) in bitcoins and altcoins in the spot and hold them for the long term so that when their value increases you may sell them for profit. This is the best and safest approach in trading. Those who follow this type of investment in cryptocurrencies may seldom lose and usually make money. Also, this type of investment is risk free and it is totally opposite to gambling.

Or it can be buying and selling activities or a long time.  Long-term holding is what we call buying and holding it for a long time and is very different from trading activities that occur at a regular pace like day trading.  It is the best and safest approach to investment in the Bitcoin market.

Gambling is full of risk and this can be understood by the flip of the coin. For example, you can bet on the outcome of the coin if the coin is flipped head or tail. You just win or lose instantly without anything under your control. This is called gambling and it is the more riskier than trading but still it can also give you quicker profits than trading too. (The risk of losing is also more here).

Well, gambling can't be called gambling if it lacks risk.  Since risk in gambling cannot be mitigated like the risk involved in trading, among these two, regardless of the money involved, Flip will always be the bigger gamble (in reference to risk involved).


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: SamReomo on October 12, 2023, 10:38:29 PM
Well, gambling can't be called gambling if it lacks risk.  Since risk in gambling cannot be mitigated like the risk involved in trading, among these two, regardless of the money involved, Flip will always be the bigger gamble (in reference to risk involved).

It's the matter of luck I guess, the gamblers who are lucky will always win in the game of flip and the risk will be a reward for those gamblers while the ones who aren't lucky will always lose in that game. I think if someone constantly losses in that game of flip then he/she should stop playing that game any further because we can determine our luck ourselves with our wins and losses and if in a game we lose most of the time then it means we aren't lucky in that game and it's better to stop betting on that game. Risk is always needed in gambling but when we are sure of the outcomes then it's better to avoid taking any risks I guess.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: carlfebz2 on October 12, 2023, 10:48:06 PM
Cant really be denied that trading is really that something that involves gambling but the beauty of this thing is that you could really be able to apply strategies and analysis on which it would really be lessening out the certain risks on losing a trade which it is really that totally not applicable if we do speak on dealing with luck based games on which we know that results would really be completely random. In overall, its not really that good to make out some similar treatment between trading and gambling yet they are really that different in the first place. Yes, you might need that to put up risks for you to make money or profit but the thing on how its been done and whats the real purpose will really differ.

Most people still do trading like gambling. This will place a future trade taking high leverage and do very little technical analysis. They will either take a trade based on their own will or copy paste any signals from the signal's groups (there are too many of them these days, each claiming to be 100% accurate).

Those who still do some technical analysis, do it in the wrong way. Yes, I say this because using the traditional technical analysis tools won't help much as this market too much manipulated and all these technical analysis indicators are lagging.

Only a few people are real traders (and not gamblers) who have mastered price action trading. I would say that unless someone is doing the right trading with money management, he can be termed as a proper trader, the rest all of them are trading on a hit and try basis and that is similar to gambling.



Doing trading without any involvement like having those kind of analysis on making use of indicators or fundamentals then it is really that simply pertaining about being a gambling thing even if you do literally making out some trading and some is really doing it and this is where futures trading do kicks in. Not all people would really be that loving on touching futures but due to the fact that it does have that chance on
making yourself that be able to make some significant profits then this is where they would really be having those considerations on touching up this area.

Trading could really be turning out to be a gambling if you havent applied any analysis to it and its not something that kind of approach that it needs. Speaking on gambling literally then we do know their main differences.It is really just that it would really be always falls down into someones preference on what are the things that they would be doing. There are people who do love to enjoy despite on spending money then
gambling would be the best choice but if you are really ghat going on something that could be considered to be good for long term or acquiring or making such skill then trading would be
the best choice.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: khaled0111 on October 12, 2023, 11:43:58 PM
Cant really be denied that trading is really that something that involves gambling but the beauty of this thing is that you could really be able to apply strategies and analysis on which it would really be lessening out the certain risks on losing a trade which it is really that totally not applicable if we do speak on dealing with luck based games on which we know that results would really be completely random. In overall, its not really that good to make out some similar treatment between trading and gambling yet they are really that different in the first place. Yes, you might need that to put up risks for you to make money or profit but the thing on how its been done and whats the real purpose will really differ.
The only reason why some user belueve that trading is not different from gambling is because they don't know anything about trading. They will just invest their money on a project or a coin and hope its price will increase. This is not what trading is about or what experienced traders do. Trading requires a lot of skills and experience and even experienced traders make wrong choices so we can't deny that luch is still a determining factor.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: AmoreJaz on October 12, 2023, 11:58:49 PM
Cant really be denied that trading is really that something that involves gambling but the beauty of this thing is that you could really be able to apply strategies and analysis on which it would really be lessening out the certain risks on losing a trade which it is really that totally not applicable if we do speak on dealing with luck based games on which we know that results would really be completely random. In overall, its not really that good to make out some similar treatment between trading and gambling yet they are really that different in the first place. Yes, you might need that to put up risks for you to make money or profit but the thing on how its been done and whats the real purpose will really differ.
The only reason why some user belueve that trading is not different from gambling is because they don't know anything about trading. They will just invest their money on a project or a coin and hope its price will increase. This is not what trading is about or what experienced traders do. Trading requires a lot of skills and experience and even experienced traders make wrong choices so we can't deny that luch is still a determining factor.

that is true, if you know your ways in trading, you can gain profit and that is because it is not about luck. so for me, you're not gambling in trading when you have more knowledge to get into this battle. some have the notion that trading is like gambling, because some who are into buying hyped up coins, they thought they can go big and gamble their money for this very aim.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: adzino on October 13, 2023, 12:44:30 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wxa7115 on October 13, 2023, 01:45:02 AM
that is true, if you know your ways in trading, you can gain profit and that is because it is not about luck. so for me, you're not gambling in trading when you have more knowledge to get into this battle. some have the notion that trading is like gambling, because some who are into buying hyped up coins, they thought they can go big and gamble their money for this very aim.
Gamblers and traders use similar terminology as they have borrowed from each other different concepts over the past decades, and this may create some confusion among some people about both being the same.

However the goals of both could not be more different, gambling is about having a good time, while trading is completely about making money regardless of how you may be feeling at the time, and yet we often hear of gamblers trying to make money and traders feeling bored when trading the markets, which is nonsense as this has nothing to do with the goals of either of those activities.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on October 13, 2023, 05:34:23 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin.

Indeed, if trading is largely about skill and understanding the market, then why do many traders struggle to consistently outperform the market average? Isn't that indicative of an element of unpredictability and chance, much like gambling?


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wind_FURY on October 14, 2023, 07:39:07 AM
Day traders often perceive everyone as adversaries, when in reality, there are still individuals engaging in trading not solely for profit-seeking purposes.


What would be their purpose for trading? I have never met a single individual who day-trades for entertainment. There's always a strategy being utilized to get an edge against others, and the profit is merely the validation that their strategy might be working.

It true if it not to make profit then for what purpose does someone carry out trading which clearly requires more and more capital if you want to get more profits and all of that is full of risks, the same as gambling but in gambling it could be said more to have fun and people like this profit is just luck without much hope.

So far all traders have always aimed to earn additional income not for fun or anything like that.


Exchanges should probably design their UI like a casino game with bells, whistles and a dealer for that casino user experience, THEN maybe plebs like us will trade for entertainment. They could also market such an exchange to the slot players. Hahaha.

Quote

Day trading can be exhausting, as it necessitates constant updates on the ever-evolving market conditions, with even minor changes potentially presenting significant opportunities. Missing out on the right moment could result in losses.

I believe you have all day to monitor the market, which gradually enhances your trading skills. However, for me, long-term trading provides a sense of tranquility, sparing me from daily anxieties. You can also transition into long-term trading if you find day trading too demanding.


Most of the top 10% winning traders might be using bots and other statistical apps/automated software to spare them from the daily anxiety of trading, and save their sanity. Hahaha.

That because they have lot of money to buy or use tools such as bots in trading and this is normal thing for high class traders.

Moreover in trading the use of bots is still permitted because it is only to be able to determine the selling price and buying price so that traders can be quicker in placing profits and can minimize losses when assets experience decline in price.


It's permitted because the exchanges get more fees from day-traders who use for their bots/utilizing high-frequency trading strategies. Plebs are trading against trading algorithms now, it will obviously make it very hard for any pleb to make long term profit.

Quote

Luck plays a role as well, but the odds of winning are (feels) greater.


The odds of winning by a person not included in the top 10% of winning traders might truly be lower than what he/she believes.

Any trader can get win or profit when they have succeeded in getting the right asset and can determine good momentum for the purchase price even though they only use relatively small capital, but remember that in trading you need large capital if you want to get bigger profits too.


A pleb with consistent, long term profit from day-trading? I believe not. It's better to have a low time preference strategy WITH the right asset like Bitcoin.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: michellee on October 14, 2023, 01:07:48 PM
Indeed, if trading is largely about skill and understanding the market, then why do many traders struggle to consistently outperform the market average? Isn't that indicative of an element of unpredictability and chance, much like gambling?
Maybe they want to improve their abilities, skills and understanding of conditions and situations in the market so that they continue to try or struggle. It is not gambling because they try to study every condition that occurs in the market. Even though they made a loss, they learned a valuable lesson from their last trade. They can also learn from their mistakes, which will be useful in the next trade.

But if it is luck-based gambling, you don't need to learn anything because everything will depend on your luck. You just have to place a bet, play gambling, and submit the results at the end of the game. And if you are lucky, you will win and vice versa.

So daily trading is different from gambling because there is skill and ability in analyzing trading. But if it is sports betting, they also need analysis to choose the right team.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wind_FURY on October 14, 2023, 02:15:42 PM
Indeed, if trading is largely about skill and understanding the market, then why do many traders struggle to consistently outperform the market average? Isn't that indicative of an element of unpredictability and chance, much like gambling?

Maybe they want to improve their abilities, skills and understanding of conditions and situations in the market so that they continue to try or struggle. It is not gambling because they try to study every condition that occurs in the market. Even though they made a loss, they learned a valuable lesson from their last trade. They can also learn from their mistakes, which will be useful in the next trade.

But if it is luck-based gambling, you don't need to learn anything because everything will depend on your luck. You just have to place a bet, play gambling, and submit the results at the end of the game. And if you are lucky, you will win and vice versa.

So daily trading is different from gambling because there is skill and ability in analyzing trading. But if it is sports betting, they also need analysis to choose the right team.

Or maybe, they're merely addicted, which makes them try more even if they know they don't have/will never have an advantage against the 10% of traders, which also makes it like they're playing in a casino with house edge. That, therefore, makes them more like gamblers than traders.

There are research-papers and studies about gamblers, and the psychology of gambling,

Quote

Dr Luke Clark, in the Department of Experimental Psychology, is interested in the different ways in which gamblers over-estimate their chances of winning, including the effects of near-misses and personal choice. These features of gambling games promote an ‘illusion of control’: the belief that the gambler can exert skill over an outcome that is actually defined by chance.

https://www.cam.ac.uk/research/news/the-psychology-of-gambling


If they truly wanted to save and slowly make that grow, then they wouldn't risk and gamble their savings by "day-trading" shitcoins.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Franctoshi on October 14, 2023, 02:31:27 PM
Being a day trader does not title or make you a gambler, rather your activity in that market will decide where you belong or where to classify you. Therefore day trading can be seen as gambling depending on your approach to the market, Basically, if you trade without a trading plan, such as jumping into trades to catch up movement with no entry and exiting terms, for sure I will definitely tag that as gambling the market and not trading. Generally, trading without rules puts you in the position of a gambler other than a trader because trading involves a set of rules you follow.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Peanutswar on October 14, 2023, 02:32:12 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Well depends on people doing scalping every day just to make a profit with the market if you have a  lot of time to do this thing every day and we know trading based on knowledge and skills not on luck unlike gambling so there's a less risk with the act you will engage.

~~~
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin.

In gambling you'll become dependent with the casino with your winnings just let you sit and relax and wait for the outcome of the game, in trading you must need to monitor the activity of the market any changes may affect your TA and profit or loss. In trading quick flip equals to profit in gambling quick flip there's no assurance of winning.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Gozie51 on October 14, 2023, 02:35:49 PM
Cant really be denied that trading is really that something that involves gambling but the beauty of this thing is that you could really be able to apply strategies and analysis on which it would really be lessening out the certain risks on losing a trade which it is really that totally not applicable if we do speak on dealing with luck based games on which we know that results would really be completely random. In overall, its not really that good to make out some similar treatment between trading and gambling yet they are really that different in the first place. Yes, you might need that to put up risks for you to make money or profit but the thing on how its been done and whats the real purpose will really differ.
The only reason why some user belueve that trading is not different from gambling is because they don't know anything about trading. They will just invest their money on a project or a coin and hope its price will increase. This is not what trading is about or what experienced traders do. Trading requires a lot of skills and experience and even experienced traders make wrong choices so we can't deny that luch is still a determining factor.

Trading is not for everyone and no need forcing oneself on it if you don't know how to get on it, it is better to let go. The losses in it is the reason that people still refer it to gambling because they also jump in like that without good knowledge. It is better to face the gambling than trading because you can never know what is wrong with losing in trade but in sports betting you surely know when a team you bet lose or win, even if you didn't watch the match live, you have different outlets to know the outcome.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Ojima-ojo on October 14, 2023, 02:43:01 PM
To some extent,  gambling is ascribed to trading since both seems to have same outcome which are mostly field with uncertainty of event turn out, and also how best to handle the loses possibilities in both, so same way experience for both gambling and trading.


Even though in a few instances, some few traders seems to have developed a technique that aid them profits unlike like in gambling where the house edge is placed above all gamblers techniques.
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When it comes to trading, the possibility of making profits from trading a single coin is much more higher than trading multiple coins at the same time, although it may look odds at some point, but then if and when you look into them closely, you will be able to notice that in trading, 1 single coin can indeed give you much more profits up to 50/50 chance as ops mentioned.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Lida93 on October 14, 2023, 03:51:41 PM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hamphser on October 14, 2023, 08:57:26 PM
Cant really be denied that trading is really that something that involves gambling but the beauty of this thing is that you could really be able to apply strategies and analysis on which it would really be lessening out the certain risks on losing a trade which it is really that totally not applicable if we do speak on dealing with luck based games on which we know that results would really be completely random. In overall, its not really that good to make out some similar treatment between trading and gambling yet they are really that different in the first place. Yes, you might need that to put up risks for you to make money or profit but the thing on how its been done and whats the real purpose will really differ.
The only reason why some user belueve that trading is not different from gambling is because they don't know anything about trading. They will just invest their money on a project or a coin and hope its price will increase. This is not what trading is about or what experienced traders do. Trading requires a lot of skills and experience and even experienced traders make wrong choices so we can't deny that luch is still a determining factor.

Trading is not for everyone and no need forcing oneself on it if you don't know how to get on it, it is better to let go. The losses in it is the reason that people still refer it to gambling because they also jump in like that without good knowledge. It is better to face the gambling than trading because you can never know what is wrong with losing in trade but in sports betting you surely know when a team you bet lose or win, even if you didn't watch the match live, you have different outlets to know the outcome.
So it always falls down into the sense that it would really be just depending on someones preference if we do speak about choices whether they would be doing trading or would really be doing gambling which basing up on the example that you have given then it is really that doing sports betting is much more better than with trading on which we could still apply strategies and analysis on which it is really just that the same when we do make trades and with gambling or betting then you do also make out some entertainment or enjoyment in correlation to it on which means that this is much more interesting than on seeing those candle stick and making out some patterns on the chart. So therefore,it would really be just depending on your interest since not all would really be that willing to do something on which it is really that something
out of their preference.

Come to think that both things does have that risks on losing money but we cant really compare out those pure luck based games into trading not unless if you do make trades
without having any application with some analysis or making some charting on which it can be considered to be just the same.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: lienfaye on October 15, 2023, 12:26:55 AM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: michellee on October 15, 2023, 03:51:56 AM
Or maybe, they're merely addicted, which makes them try more even if they know they don't have/will never have an advantage against the 10% of traders, which also makes it like they're playing in a casino with house edge. That, therefore, makes them more like gamblers than traders.

There are research-papers and studies about gamblers, and the psychology of gambling,

Quote

Dr Luke Clark, in the Department of Experimental Psychology, is interested in the different ways in which gamblers over-estimate their chances of winning, including the effects of near-misses and personal choice. These features of gambling games promote an ‘illusion of control’: the belief that the gambler can exert skill over an outcome that is actually defined by chance.

https://www.cam.ac.uk/research/news/the-psychology-of-gambling


If they truly wanted to save and slowly make that grow, then they wouldn't risk and gamble their savings by "day-trading" shitcoins.
If they are addicted to trading, it may produce great results, especially if they keep trying and learning. And if they try trading while continuing to learn, they can get something useful to improve their analytical skills. At least, from learning that, they can get something.

But if it is gambling where we don't know when we win or lose, it can't be done because our losses cannot be recovered. Even though we try continuously, it doesn't guarantee how many times we can win and lose.

In trading, whether it is shitcoins or Bitcoin, they must have analytical skills. Shitcoins don't always cause us to lose money. If we can improve our analytical skills, we can find hidden gems that can provide benefits.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hirose UK on October 15, 2023, 05:56:11 AM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.
If you want to increase your chances of winning what you can actually choose is sports betting or skill-based games although there is also luck factor that can influence it but at least sports betting and skill-based games can be more profitable if gambler has extensive experience and knowledge.
But that what is called difference and every gambler definitely has their own preferences in choosing and calculating opportunities to win.

I still will never be able to reconcile gambling and trading because the two are clearly very different in every aspect.
If we could understand them as whole we would definitely be able to find the difference between trading and gambling.

At this point unfortunately there are still many people out there who have the wrong response or approach to trading and gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: avp2306 on October 15, 2023, 06:36:15 AM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Its because in coinflip all what you do there is random so you cannot really expect that there's a way that you can increase your chances to win since you need a huge luck before you can earn or have a long winning streak in this games.

Unlike on trading where we can do something to increase our chance to win and we can read up some sort of current events happening and do some technical analysis so that we can see a better figure on which is the good time to execute to do our buy orders or even get some hints about when to sell. That's why this two is really incomparable since there's a lot of things should need to look forward and coinflip is just a luck based game where people got only excited to see the result when the coin hit on the floor.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Lida93 on October 15, 2023, 07:40:32 AM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Its because in coinflip all what you do there is random so you cannot really expect that there's a way that you can increase your chances to win since you need a huge luck before you can earn or have a long winning streak in this games.
Because it's an activity that's based on luck that's why we see people that gamble performs rituals and all sorts of stuffs just to increase their chances of luck for them to be fortunate to win but these rituals don't have a place in trading no amount of rituals done can make you win a trade it's particularly characterized by knowledge, experience and research.

Although we are bound to incur losses from the two (trade and gambling) but in trading, with how good your skills and strategy is working well for you you don't need luck to win many trades.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: redsun114 on October 15, 2023, 08:58:05 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin.

Indeed, if trading is largely about skill and understanding the market, then why do many traders struggle to consistently outperform the market average? Isn't that indicative of an element of unpredictability and chance, much like gambling?
There is unpredictability in the cryptocurrency market, there is no doubt of that, but that doesn't really make it just like gambling where there is no chart, there are no movement patterns, there is no rule of supply and demand, and there is definitely no indicator that gives you a general idea of where the market might move next. That's why, despite the market being highly unpredictable at times, one can still be able to make more successful trades than failed ones if one studies the market very well.

So, when we talk about gambling, we know that there is nothing like knowledge or experience or anything that can give a person any idea about what the outcome of the next bet can be, that can be said about sports betting but it's again different than gambling games because sports betting also requires knowledge and experience from bettors.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wind_FURY on October 15, 2023, 01:37:01 PM
Or maybe, they're merely addicted, which makes them try more even if they know they don't have/will never have an advantage against the 10% of traders, which also makes it like they're playing in a casino with house edge. That, therefore, makes them more like gamblers than traders.

There are research-papers and studies about gamblers, and the psychology of gambling,

Quote

Dr Luke Clark, in the Department of Experimental Psychology, is interested in the different ways in which gamblers over-estimate their chances of winning, including the effects of near-misses and personal choice. These features of gambling games promote an ‘illusion of control’: the belief that the gambler can exert skill over an outcome that is actually defined by chance.

https://www.cam.ac.uk/research/news/the-psychology-of-gambling


If they truly wanted to save and slowly make that grow, then they wouldn't risk and gamble their savings by "day-trading" shitcoins.

If they are addicted to trading, it may produce great results, especially if they keep trying and learning. And if they try trading while continuing to learn, they can get something useful to improve their analytical skills. At least, from learning that, they can get something.


I believe not. Because the addict only does the act of "day-trading" for that exciting feeling of possibly "winning" something, not actually to do the right actions to actually win or profit in something.

They're merely gambling.

Quote

But if it is gambling where we don't know when we win or lose, it can't be done because our losses cannot be recovered. Even though we try continuously, it doesn't guarantee how many times we can win and lose.

In trading, whether it is shitcoins or Bitcoin, they must have analytical skills. Shitcoins don't always cause us to lose money. If we can improve our analytical skills, we can find hidden gems that can provide benefits.


How many of the plebs that started "day-trading" during the start of the popularity of shitcoin trading, probably in 2014, could actually say that they have made it, and have become millionares/have enough money to retire? It might be just ten out of one hundred people if you ask me, probably less.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Blitzboy on October 15, 2023, 04:57:49 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin.

Indeed, if trading is largely about skill and understanding the market, then why do many traders struggle to consistently outperform the market average? Isn't that indicative of an element of unpredictability and chance, much like gambling?
There is unpredictability in the cryptocurrency market, there is no doubt of that, but that doesn't really make it just like gambling where there is no chart, there are no movement patterns, there is no rule of supply and demand, and there is definitely no indicator that gives you a general idea of where the market might move next. That's why, despite the market being highly unpredictable at times, one can still be able to make more successful trades than failed ones if one studies the market very well.

So, when we talk about gambling, we know that there is nothing like knowledge or experience or anything that can give a person any idea about what the outcome of the next bet can be, that can be said about sports betting but it's again different than gambling games because sports betting also requires knowledge and experience from bettors.
Have you heard "Knowledge is power"? It applies to many parts of our lives, including crypto. Every market—crypto, stocks, even beanie babies—has wild coasters. But its beauty is in the rhythms, ebb and flow, and small indications that say, "Hey, maybe it's time to hodl." A. "Dude, sell!" Gambling? Thats random. No doubt, I enjoy poker. Theres still strategy and bluffing. Similar to sports betting, where the informed have an edge. Finally, learn, be curious, and enjoy the ride. The crypto-fueled rocket ride is what matters, not the destination.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: stomachgrowls on October 15, 2023, 09:44:44 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin.

Indeed, if trading is largely about skill and understanding the market, then why do many traders struggle to consistently outperform the market average? Isn't that indicative of an element of unpredictability and chance, much like gambling?
There is unpredictability in the cryptocurrency market, there is no doubt of that, but that doesn't really make it just like gambling where there is no chart, there are no movement patterns, there is no rule of supply and demand, and there is definitely no indicator that gives you a general idea of where the market might move next. That's why, despite the market being highly unpredictable at times, one can still be able to make more successful trades than failed ones if one studies the market very well.

So, when we talk about gambling, we know that there is nothing like knowledge or experience or anything that can give a person any idea about what the outcome of the next bet can be, that can be said about sports betting but it's again different than gambling games because sports betting also requires knowledge and experience from bettors.
Have you heard "Knowledge is power"? It applies to many parts of our lives, including crypto. Every market—crypto, stocks, even beanie babies—has wild coasters. But its beauty is in the rhythms, ebb and flow, and small indications that say, "Hey, maybe it's time to hodl." A. "Dude, sell!" Gambling? Thats random. No doubt, I enjoy poker. Theres still strategy and bluffing. Similar to sports betting, where the informed have an edge. Finally, learn, be curious, and enjoy the ride. The crypto-fueled rocket ride is what matters, not the destination.
As it should be but majority of us would really be focusing much about on the destination and not on that ride because we are really that making ourselves that optimistic on ending up on positive without even trying out to realize on whats the real thing when it comes to gambling and when it comes to things that do talks about trading. Everything would really be that random and there would really be factors on which it would really be affecting out the outcome on which this is something that you should really need to look upon. We do know that dealing up with neither trading or gambling then it is really just that obvious on what are the things that would really be needed. You cant really just purely rely on luck everytime you would really be deciding on dealing on something that needs analysis and this is something that would really be needed.

Majority of us would really be just that minding about on the things that we do have in our brains. If whether you do like on playing something risky or you would really be dealing on things
which you do have that kind of interest. Going for some investment or going for something that do talks about entertainment. Bigger gamble doesnt matter because of both risks then
you do really could be able to put up yourself on a condition which you might be losing up your money big time. It does depend on how you would be dealing with things.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wiss19 on October 16, 2023, 11:36:02 AM
The main difference between day trading and gambling is that gamblers play the available odds while traders develop strategies based on market trends, price movements and past performance. Gambling depends entirely on luck. And those who can do good day trading analysis can definitely tell where the day's trade will go. So since the trade is predictable it is not gambling at all and those new traders do not understand anything. If they buy or sell trades leaving it to luck they will call it gambling because they do not understand what trading is all about. Such traders cannot sustain this gamble for long because if luck always goes against you then survival becomes very difficult. These will depend on the individual's skill in flipping coins but are difficult in gambling.
Trading is still like a gamble due to the unpredictable nature of the market but there is more to it which can increase your chances or winning, and recovery if you are losing. Just because a trader is new, doesn't mean they didn't understand a single thing. They also know how to read and make a research and they can took less risks for a while until they sharpen their ability, but maybe it's true that the majority of them just trade blindly. Indeed it's not sustainable for the long term.

I'd better do copy trading than it or just play gambling instead so that it makes more sense, and even if I lose, at least I enjoy the game so I don't feel like a total loser.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Dunamisx on October 16, 2023, 11:59:28 AM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Its because in coinflip all what you do there is random so you cannot really expect that there's a way that you can increase your chances to win since you need a huge luck before you can earn or have a long winning streak in this games.

Unlike on trading where we can do something to increase our chance to win and we can read up some sort of current events happening and do some technical analysis so that we can see a better figure on which is the good time to execute to do our buy orders or even get some hints about when to sell. That's why this two is really incomparable since there's a lot of things should need to look forward and coinflip is just a luck based game where people got only excited to see the result when the coin hit on the floor.

Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: avp2306 on October 16, 2023, 12:03:38 PM
The main difference between day trading and gambling is that gamblers play the available odds while traders develop strategies based on market trends, price movements and past performance. Gambling depends entirely on luck. And those who can do good day trading analysis can definitely tell where the day's trade will go. So since the trade is predictable it is not gambling at all and those new traders do not understand anything. If they buy or sell trades leaving it to luck they will call it gambling because they do not understand what trading is all about. Such traders cannot sustain this gamble for long because if luck always goes against you then survival becomes very difficult. These will depend on the individual's skill in flipping coins but are difficult in gambling.
Trading is still like a gamble due to the unpredictable nature of the market but there is more to it which can increase your chances or winning, and recovery if you are losing. Just because a trader is new, doesn't mean they didn't understand a single thing. They also know how to read and make a research and they can took less risks for a while until they sharpen their ability, but maybe it's true that the majority of them just trade blindly. Indeed it's not sustainable for the long term.

I'd better do copy trading than it or just play gambling instead so that it makes more sense, and even if I lose, at least I enjoy the game so I don't feel like a total loser.

For some perspective maybe other can really say that they are similar but if you look at the deeper picture we can agree that its hard to agree on it that its the same. Maybe from both we have huge chance to lose but for flipping or gambling the only thing we can hold old with that is pure luck. While on trading we can do something to increase our chances to earn. But if someone telling that its the same I will just respect their statement since at the end of the day its still up to us on what we can call it since it can't bother us especially if we don't really give to much attention on its comparison other more than that. We should focus to earn on what category we like since thinking about further more just destroy our focus.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Webetcoins on October 16, 2023, 08:30:21 PM
Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.
That's the thing, the result or the outcome of a coin flip is determined by your luck while in trading, you need to have knowledge and experience about the market, know how to do research and analysis, you should have a general idea about where the price of a certain cryptocurrency will move next so that you can place your trade based on that. I agree that the trades a trader makes wouldn't always be correct and there can be bad trades as well since the market is unpredictable, but if you are knowledgeable and experienced, you can get more winning trades than losing ones.

So, I don't really see any reason why people would compare trading with gambling. There are some types of trading that may have some resemblance with gambling such as futures trading and options trading, but even they can be profitable for experienced and knowledgeable traders unlike gambling which will eventually make you lose.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: dunfida on October 16, 2023, 08:59:26 PM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Its because in coinflip all what you do there is random so you cannot really expect that there's a way that you can increase your chances to win since you need a huge luck before you can earn or have a long winning streak in this games.

Unlike on trading where we can do something to increase our chance to win and we can read up some sort of current events happening and do some technical analysis so that we can see a better figure on which is the good time to execute to do our buy orders or even get some hints about when to sell. That's why this two is really incomparable since there's a lot of things should need to look forward and coinflip is just a luck based game where people got only excited to see the result when the coin hit on the floor.

Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.
Different category
Different approach
Different dealing
Different actions to be made
Different preparation
Same outcome- Win/Lose

When it comes on dealing things then it would really be that entirely be depending on someones preference on which one they would really be dealing out on which if they would
be dealing with some entertainment or they would really come after for investment or business on which risks is also there. Both things might have risks on losing money but on the way
that you would really be dealing up or on what the things been needed for you to be able to get a good grasps of it then it would really be that different.
The biggest gambling would on the time that you do make out some decisions which it wont really be that applying any analysis into it even if we do say
we are just simply doing gambling thing but this isnt really that applicable on the time that you are really that dealing with trading.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: BitDane on October 16, 2023, 10:28:31 PM
If they are addicted to trading, it may produce great results, especially if they keep trying and learning. And if they try trading while continuing to learn, they can get something useful to improve their analytical skills. At least, from learning that, they can get something.

If a person has not enough knowledge in trading and get addicted to it, it is hard to say that it will produce a great result instead, it is easier to assume that the person will suffer a huge lost because of lack of knowledge.

Quote
But if it is gambling where we don't know when we win or lose, it can't be done because our losses cannot be recovered. Even though we try continuously, it doesn't guarantee how many times we can win and lose.

I partially disagree, in gambling not all session are losses, there are times that a player can win a huge amount that can recover all his losses.

In trading, whether it is shitcoins or Bitcoin, they must have analytical skills. Shitcoins don't always cause us to lose money. If we can improve our analytical skills, we can find hidden gems that can provide benefits.

True!  Shitcoins trading sometimes can result in 10,000% to 100,000% profit if one knows when to buy and when to sell.  But mostly we lose money in shitcoins because project die down or got rugged pull before we can even sell our holdings.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: mak013 on October 17, 2023, 06:48:28 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Your chances to meet dinosaur is 50% you can meet it or don`t meet.
There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fingnome on October 18, 2023, 04:49:27 PM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Given that trading experience can supposedly increase one's chances of profitability, how do you account for seasoned traders who still face unexpected downturns? Isn't the market's inherent unpredictability a form of luck in itself? Additionally, do you know any traders who, through gaining experience from their trades, consistently achieve a stable positive return?


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Lida93 on October 18, 2023, 07:53:14 PM
Coin flipping has so much to do with luck and with little or no skill at all whereas in day trading you can't just open a position to trade hinging on luck there must be an applied skills from a long time built technique.
I have learnt a number of lessons from my losses in gambling but I can't say I can depend and work with the experiences of those losses to make profit in subsequent bets but for trade the more experience and knowledge you possess the more chances you have of making profitable trades without having to be lucky at it.
Exactly, that's their difference. Experience in luck based games (or in coin flip specifically) doesn't increase your chances to profit the next time you gamble again. Because there's no skills that can help you to win, thus regardless of what you do the result will still depend on your luck.

While on trading, experience can help you to improve, this can increase the possibility to profit next time since you gained knowledge already from your past experiences. Although it is also risky just like gambling, but trading doesn't solely relying on luck. The more experience you have, means you already learned something, it could be another knowledge or strategy.

Given that trading experience can supposedly increase one's chances of profitability, how do you account for seasoned traders who still face unexpected downturns? Isn't the market's inherent unpredictability a form of luck in itself? Additionally, do you know any traders who, through gaining experience from their trades, consistently achieve a stable positive return?
I supposed what you mean by seasoned trader is akin to consistent trader and for the fact that they are consistent traders doesn't make them win all trades because the market is unpredictable but it gives them an edge in winning more trades than they would lose. The unexpected downturns results from the market sentiments that is beyond the trader's control and it is his experience that helps him beat these sentiments to make profit for in trading without experience you can't win these inherent sentiments and luck is just a waste of hope if that what you wanna hang your penny on.
No one should deceive you mate, there's no stable returns in trading but like I said earlier experience enhances your chances of winning more trades more than you will lose if without trading experience.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: GiftedMAN on October 18, 2023, 07:55:35 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Your chances to meet dinosaur is 50% you can meet it or don`t meet.
There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.
I think everyone need to go for what they prefer and what they can afford. Gambling can be rogue so we need to try as much as possible to go for what we really want. There are traders that do not make money like they ought to make that is why some traders still go into gambling to make more Money. The two terms is almost the same but little bit different. The different is just that trading need skill why gambling may not require skill so one has to go for what we know works for us. Those who trade need more things to learn and every traders keep learning no matter how good they are because the market chances at the slightest minutes.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: LUCKMCFLY on October 18, 2023, 09:28:17 PM
Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.
That's the thing, the result or the outcome of a coin flip is determined by your luck while in trading, you need to have knowledge and experience about the market, know how to do research and analysis, you should have a general idea about where the price of a certain cryptocurrency will move next so that you can place your trade based on that. I agree that the trades a trader makes wouldn't always be correct and there can be bad trades as well since the market is unpredictable, but if you are knowledgeable and experienced, you can get more winning trades than losing ones.

So, I don't really see any reason why people would compare trading with gambling. There are some types of trading that may have some resemblance with gambling such as futures trading and options trading, but even they can be profitable for experienced and knowledgeable traders unlike gambling which will eventually make you lose.
Coinflip for me is one of the games that have the most chance, it is a coin, things can be put together with a simple fact, not this rule but surrendering only to good luck, coinflip for me is a game that can make us lose or win, but the more to lose considering the house advantage, and it will always be like that, I personally think that when we have to do our part in a casino many things can happen the first one that can happen as long as one as a good player accepts that this game is given only to luck, there is no type of strategy that makes the people win, they are almost like slots, you just have to bet or raise the bet when you consider it appropriate to win.

In these types of games things can go in favor of the person concerned or they start to see how they can do it to win, and the way I have seen is for people to bet a little more money at an appropriate time, but when or is it the right time? I don't know, I think that's up to each person.

People who settle in a casino and like it, go and play with a lot of money can establish that many things can happen, some want to be profitable, just as they can be in trading, but it is something that is very difficult to do. to do, I personally would think that the things when it comes to how to win in a casino, I have expressed them several times in various threads of the forum, and the fact is that in each game session I try to have some kind of gnanaci, then go back and leave it like that and come back the next day, it doesn't matter how small the gnancy is, the important thing is that a good streak can be managed and that it is respected all the days, for me that is enough, of course when I play I usually do coinflip with very little money, because it is something that is risky for me, it is easy to bet a lot, or do the martingale, because the game lends itself to it, but it is something that must be taken care of.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Dunamisx on October 18, 2023, 10:05:04 PM
Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.
That's the thing, the result or the outcome of a coin flip is determined by your luck while in trading, you need to have knowledge and experience about the market, know how to do research and analysis, you should have a general idea about where the price of a certain cryptocurrency will move next so that you can place your trade based on that. I agree that the trades a trader makes wouldn't always be correct and there can be bad trades as well since the market is unpredictable, but if you are knowledgeable and experienced, you can get more winning trades than losing ones.

So, I don't really see any reason why people would compare trading with gambling. There are some types of trading that may have some resemblance with gambling such as futures trading and options trading, but even they can be profitable for experienced and knowledgeable traders unlike gambling which will eventually make you lose.
Coinflip for me is one of the games that have the most chance, it is a coin, things can be put together with a simple fact, not this rule but surrendering only to good luck, coinflip for me is a game that can make us lose or win, but the more to lose considering the house advantage,

This is also similar to that of dice tossing, they are luck base games we play and despite that, the law with gambling which almost applies to everyone is that they loose more than they win, this makes it a thing of which one do we like most, always get lucky on, and also understand the procedures the more in gambling, when we gamble, we already know what's at stake that it's either we win or we don't.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: lionheart78 on October 18, 2023, 10:28:23 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Your chances to meet dinosaur is 50% you can meet it or don`t meet.

Dinosaurs are believed to be extinct so that is a 0% chance of meeting an alive one. or 100% of not meeting one ;D.

There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.

Knowledgeable day traders does not depend on luck, they depend on their analysis of the market.  One might not be familiar with technical analysis but is well versed in the market movement of certain stocks or cryptocurrencies.

Hodling is really the best strategy with Bitcoins but it does not secure us 100% profit since the future of Bitcoin is still uncertain.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: angrybirdy on October 18, 2023, 11:57:41 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Coin flip has a defined winning chance rate while day trading has a dynamic winning chance rate depending on how good you are on trading. So I say trading is more on gambling if you don’t know what you are doing such us newbies buying bunch of random shitcoins without doing research first.

On trading, you have a chance to improve your winning probability while gambling is purely relying on luck since you can’t improve the outcome no matter how good you are.

I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wxa7115 on October 19, 2023, 02:13:59 AM
I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.
Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: noormcs5 on October 19, 2023, 02:42:23 AM
Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

Knowledge or experience is not required in gambling but you need to have prior experience if you are in trading. So both gambling and trading is made for different kind of people. If you do not know anything about trading, better choose gambling where you can make money and it all will depend upon luck. Trading is not about luck, it is about strategy and studying the price action behaviour.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

By the way, if you lose money in gambling, then there is no way to get the money back. Both gambling and trading are made for the common man to lose money but usually, we think the opposite as they are made to make us rich.  :D


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: cafter on October 19, 2023, 03:24:42 AM
Knowledge or experience is not required in gambling but you need to have prior experience if you are in trading. So both gambling and trading is made for different kind of people.
In both gambling and trading, you have to be good at controlling yourself/your emotions. The main goal is not to lose more and more money.
Whether you play in a casino or trade in shares/bitcoins, good results often come down to being patient, making reasonable choices and not trying to recover what you have already lost. So at one point, gambling and trading became a little similar at controlling emotions.
By the way, if you lose money in gambling, then there is no way to get the money back. Both gambling and trading are made for the common man to lose money but usually, we think the opposite as they are made to make us rich.  :D
Many people think that gambling and trading are designed to make them rich, but that’s where the problems begin.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Fivestar4everMVP on October 19, 2023, 03:43:11 AM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
I think something along this line has been discussed on this board before, but unfortunately, i can't get hold of the link to the thread right now.

Well, to answer this question on honesty, i personally think that most times actually, day trading does feel like gambling, I mean, there are many times a trader will not know what he or she is doing, he or she is just a coin or token hoping that is plays out on his or her favor, this is nothing different from gambling, or not far from gambling if i am asked.

And in personal view to this, i think one even have more chance of winning more in a straight up coin flip game, compared to blind trading which is nothing different from gambling as i have initially said, a professional trader should not gamble in the market in the form of trading, and newbies who know nothing about trading should rather play gambling than trade the market blindly, for in gambling, they probably will have a better chance of winning than trading the market blindly.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wiss19 on October 19, 2023, 06:22:22 AM
In trading, whether it is shitcoins or Bitcoin, they must have analytical skills. Shitcoins don't always cause us to lose money. If we can improve our analytical skills, we can find hidden gems that can provide benefits.
True!  Shitcoins trading sometimes can result in 10,000% to 100,000% profit if one knows when to buy and when to sell.  But mostly we lose money in shitcoins because project die down or got rugged pull before we can even sell our holdings.
And what would be the percentage of such players? I bet very low, rather, extremely low. You can barely find a gambler who would tell you that they had certain gambling sessions where they had recovered all the losses that they have ever had in their gambling career because it's very rare. Most gamblers don't get to experience that because casinos can't afford to pay all the losses back to every single gambler or maybe to 4 gamblers out of 10, that's a lot.

Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: swogerino on October 19, 2023, 07:30:08 AM
I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.
Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: paxmao on October 19, 2023, 10:13:26 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Your chances to meet dinosaur is 50% you can meet it or don`t meet.

Dinosaurs are believed to be extinct so that is a 0% chance of meeting an alive one. or 100% of not meeting one ;D.

There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.

Knowledgeable day traders does not depend on luck, they depend on their analysis of the market.  One might not be familiar with technical analysis but is well versed in the market movement of certain stocks or cryptocurrencies.

Hodling is really the best strategy with Bitcoins but it does not secure us 100% profit since the future of Bitcoin is still uncertain.

Traders do not rely on luck... at least to a point. Even some of the ones you can argue as professionals sometimes are using a wrong approach, but they only find out when the loose a huge amount and they do not even get why this has happened. Example: imagine a strategy that works a million times, but will fail one in every million and when that happens you loose everything. I am sure you get it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Yaunfitda on October 19, 2023, 10:34:12 AM
I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.
Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.
Yes, but still though you might have a good chance if you know technical analysis and you know how to take advantage of it. So there is still some element of luck but at the same time, you can reinforced it with the knowledge you have. So the chances of you making money specially in the long term is higher as compare to gambling as it is really based on luck specially the games like dice or slots.

And once you step up in a traditional land base casinos, expect that the money that you will gamble will be 99% be on the losing side. Unless you are extremely lucky that day. Same with online gambling, you don't know what will be the outcome. So for me, if you have the experience to do day or short day trading, I will take that chances against gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: mak013 on October 19, 2023, 01:05:41 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Your chances to meet dinosaur is 50% you can meet it or don`t meet.
There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.
I think everyone need to go for what they prefer and what they can afford. Gambling can be rogue so we need to try as much as possible to go for what we really want. There are traders that do not make money like they ought to make that is why some traders still go into gambling to make more Money. The two terms is almost the same but little bit different. The different is just that trading need skill why gambling may not require skill so one has to go for what we know works for us. Those who trade need more things to learn and every traders keep learning no matter how good they are because the market chances at the slightest minutes.
If the trader begin to gamble to increase the profit it seems to be bad trader.
The casino functions and instruments are created for gambling. For trading there are exchanges. It would be better to use right instrument for right purpose.

Your chances to meet dinosaur is 50% you can meet it or don`t meet.
Dinosaurs are believed to be extinct so that is a 0% chance of meeting an alive one. or 100% of not meeting one ;D.
It depends how to count. :)

There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.
Knowledgeable day traders does not depend on luck, they depend on their analysis of the market.  One might not be familiar with technical analysis but is well versed in the market movement of certain stocks or cryptocurrencies.

Hodling is really the best strategy with Bitcoins but it does not secure us 100% profit since the future of Bitcoin is still uncertain.
Anyway i think that such trading need at least some luck. May be i just can`t trade so and it is only my problem.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Quidat on October 19, 2023, 04:30:40 PM
I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.
Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.
Yes, but still though you might have a good chance if you know technical analysis and you know how to take advantage of it. So there is still some element of luck but at the same time, you can reinforced it with the knowledge you have. So the chances of you making money specially in the long term is higher as compare to gambling as it is really based on luck specially the games like dice or slots.

And once you step up in a traditional land base casinos, expect that the money that you will gamble will be 99% be on the losing side. Unless you are extremely lucky that day. Same with online gambling, you don't know what will be the outcome. So for me, if you have the experience to do day or short day trading, I will take that chances against gambling.
Trading with having analysis applied is totally different on doing trades on which you do make positions without having any analysis or basis is really just that pure gambling. Yes, the element of luck does still plays a role when it comes to trading but if you dont really apply any analysis into it then it would really be that most likely to be a mess yet trading doesnt work that way and it is really needed to have that kind of approach on which strategies and analysis should really be applied which we know that it cant really be that possible on doing gambling but of course there are also some gambling games which arent really that totally highly depending on luck which strategies could really be applied.

So talking about choices then it doesnt really need for someone to choose up since we are really that free on whatever things that we would really be tending to do so.
Bigger gamble would really be just depending on how big is the risks that you could really be able to handle.Its impossible that we cant really be able to differentiate
in between entertainment and investment which we know that real difference between trading and gambling. It doesnt really need that too technical thinking about differentiation
yet even just using you own common sense should really be just that enough.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: knowngunman on October 19, 2023, 04:57:38 PM
Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.

This comparison is incompatible because trading is a skilled based field while gambling is purely based on luck. By learning the right skills and strategies, it's possible for one to become an expert and successful trader but on the contrary, gambling as a game of chance is difficult to maintain a consistent win on a steady. Trading also allows traders to hedge and minimize risk but gambling has nothing like that. Once you click on bet, you either expect your money to return in folds or you consider it gone. Sometimes, traders take advantage of market data and analytics to make decisions while gambling in every aspect is luck reliance. Although both trading and gambling maybe somehow similar but difference is very obvious.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: LUCKMCFLY on October 24, 2023, 03:10:29 PM
Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.
That's the thing, the result or the outcome of a coin flip is determined by your luck while in trading, you need to have knowledge and experience about the market, know how to do research and analysis, you should have a general idea about where the price of a certain cryptocurrency will move next so that you can place your trade based on that. I agree that the trades a trader makes wouldn't always be correct and there can be bad trades as well since the market is unpredictable, but if you are knowledgeable and experienced, you can get more winning trades than losing ones.

So, I don't really see any reason why people would compare trading with gambling. There are some types of trading that may have some resemblance with gambling such as futures trading and options trading, but even they can be profitable for experienced and knowledgeable traders unlike gambling which will eventually make you lose.
Coinflip for me is one of the games that have the most chance, it is a coin, things can be put together with a simple fact, not this rule but surrendering only to good luck, coinflip for me is a game that can make us lose or win, but the more to lose considering the house advantage,

This is also similar to that of dice tossing, they are luck base games we play and despite that, the law with gambling which almost applies to everyone is that they loose more than they win, this makes it a thing of which one do we like most, always get lucky on, and also understand the procedures the more in gambling, when we gamble, we already know what's at stake that it's either we win or we don't.

You are absolutely right, in particular I have always said that a person who has a lot of money is likely to do well in mud, but I would not recommend doing the martingale strategy because it is very reckless and can cause some harm when we lose, So I couldn't see someone who has a lot of money losing it all with the martingale, a person who likes doubts has to have a very open mind when making their strategies, I say this because I started in this world with that game on freebitco.in and the truth was that it fascinated me at first, there were days when I had a good streak, but other days where my bad luck was evident, and that frustrated me, but I consider that everything has been a great learning and according to That's because it opened up other games for me, poker, black jack, all those games are very good to be able to apply them to daily life where there are many possibilities of winning.

When we are looking for ways to play and win in a casino we usually look for more ways and strategies to win money, so in this order of things we as good players, we have to consider that why we are not looking for the best way to have money, not e in a casino, but in the way that we have the most to play, for that it is better to have a good budget to be able to be willing to lose, then if we have that already ready it is possible to do other things, like enjoying, not having a game to play and have to win by swearing or else things will go badly for us and we will be left without money.

We cannot make or have the ability to make large bets, or have a lot of money available to be able to do things erratically, a large amount of money and we can miss out on many things, so we would have to do a lot of things to be completely good at what we have to play. And to lose, winning is a matter of luck, I have always said it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wxa7115 on October 25, 2023, 03:29:14 AM
Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.
Not really, while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

Trading follows the same pattern, as even if no one can win all the time, good enough traders should be able to still trade for a profit if they executed their strategy over a long enough period of time.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: cafter on October 25, 2023, 10:33:08 AM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hamphser on October 25, 2023, 11:08:24 AM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
And this is where your gambler like kind of behavior or mindset kicks in on which i would say that its never been that ideal specially on trading.If you do apply that kind behavior then you are really just that simply doing gambling and this is something that not really recommended on this space. If you are really just that planning on doing gambling in the first place then you shouldnt really be touching trading because this is an another space on which you cant really just joke around and do reckless things because this do really talks about money. Risks is there but not as much when you do deal with gambling.
So its up to your choice on what you would really gonna do.

Trade could really be a bigger gamble if you dont really do the right thing to do and this is why you should really be that careful on what you are dealing with specially we are talking about risking capital or money.
If you are really that heading for long term engagement then trading would really be the key but if you are really just that going for entertainment then
its up to you considering that gambling could really give you that.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: tusandii on October 25, 2023, 11:26:57 AM
Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.

This comparison is incompatible because trading is a skilled based field while gambling is purely based on luck. By learning the right skills and strategies, it's possible for one to become an expert and successful trader but on the contrary, gambling as a game of chance is difficult to maintain a consistent win on a steady. Trading also allows traders to hedge and minimize risk but gambling has nothing like that. Once you click on bet, you either expect your money to return in folds or you consider it gone. Sometimes, traders take advantage of market data and analytics to make decisions while gambling in every aspect is luck reliance. Although both trading and gambling maybe somehow similar but difference is very obvious.
Yes, I agree with you or it could be said that to gamble, a beginner only needs to bet on something he wants, for example a casino game, even though it is the first bet, many beginner gamblers are lucky when betting carelessly on a game and if it is done in a beginner trader's trading may really need research skills before starting trading.
What certain is that if we talk about the differences in gambling between trades, they are very different, even though some people say there are similarities between the two, but if we understand in depth there are many differences.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Negotiation on October 25, 2023, 11:41:27 AM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
It is really difficult to recover from a trade if there is a loss in trading because there is no exact guarantee when the price of that currency will rise. Also if the person does not have patience even after increasing the leverage then there will be high risk. Trading should be viewed from the point of view of a business as a business has income and expenses trading income is profit and expenses are loss we must maximize our gains and minimize our losses.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: fullhdpixel on October 25, 2023, 08:36:30 PM
Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.
This comparison is incompatible because trading is a skilled based field while gambling is purely based on luck. By learning the right skills and strategies, it's possible for one to become an expert and successful trader but on the contrary, gambling as a game of chance is difficult to maintain a consistent win on a steady. Trading also allows traders to hedge and minimize risk but gambling has nothing like that. Once you click on bet, you either expect your money to return in folds or you consider it gone. Sometimes, traders take advantage of market data and analytics to make decisions while gambling in every aspect is luck reliance. Although both trading and gambling maybe somehow similar but difference is very obvious.
The similarities between gambling and trading are only between sports betting and futures trading because, in both of these, there is knowledge and experience required, you have the risk of losing your money if you look for higher rewards, but you can get profit if you settle with smaller odds in both sports betting and futures trading. So, these two have some similarities but when we talk about gambling games, that's nowhere near trading if we compare them both.

Gambling games don't allow you to read charts or analyze the available historical data to at least have a general idea of where the market might move next, but in trading, you have got this option readily available whenever you wish to take a trade and this helps you gain an advantage over the market while a gambler can never have an advantage over the gambling house.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: slapper on October 26, 2023, 08:48:27 AM
Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.
This comparison is incompatible because trading is a skilled based field while gambling is purely based on luck. By learning the right skills and strategies, it's possible for one to become an expert and successful trader but on the contrary, gambling as a game of chance is difficult to maintain a consistent win on a steady. Trading also allows traders to hedge and minimize risk but gambling has nothing like that. Once you click on bet, you either expect your money to return in folds or you consider it gone. Sometimes, traders take advantage of market data and analytics to make decisions while gambling in every aspect is luck reliance. Although both trading and gambling maybe somehow similar but difference is very obvious.
The similarities between gambling and trading are only between sports betting and futures trading because, in both of these, there is knowledge and experience required, you have the risk of losing your money if you look for higher rewards, but you can get profit if you settle with smaller odds in both sports betting and futures trading. So, these two have some similarities but when we talk about gambling games, that's nowhere near trading if we compare them both.

Gambling games don't allow you to read charts or analyze the available historical data to at least have a general idea of where the market might move next, but in trading, you have got this option readily available whenever you wish to take a trade and this helps you gain an advantage over the market while a gambler can never have an advantage over the gambling house.
Trading is very different from gambling. Your job is done! Sports betting and futures trading have a "science" behind them. You have charts, data, history, etc. Besides luck, it's all about strategy

Now, how about some gambling games? Totally different game. You can't forecast a roulette move with a chart, can you? You can't. In trading, you've got tools, tools, tools. You have history and data. Analyze, forecast, strategize. But in gambling? Just you and Lady Luck. She's fickle. Gambling and trade are different, although some features are comparable. Remember, always play it smart, whether you're betting or trading


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wakate on October 26, 2023, 10:12:55 AM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
When we are chasing loses, there is bigger chances of us losing more because emotions will always drive us to do somethings we are not supposed to do on an ordinary level. Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses. If we can uphold ourselves and make trading plans with discipline, we might not become a victim of unnecessary loses because we will want to stick to our trading plans.  Whether we are gamblers or traders we need to do what we ought to do to maintain high winning rate.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: junder on October 26, 2023, 04:02:35 PM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
When we are chasing loses, there is bigger chances of us losing more because emotions will always drive us to do somethings we are not supposed to do on an ordinary level. Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses. If we can uphold ourselves and make trading plans with discipline, we might not become a victim of unnecessary loses because we will want to stick to our trading plans.  Whether we are gamblers or traders we need to do what we ought to do to maintain high winning rate.

With uncontrolled emotions everything will become a mess. As in gambling, of course someone who plays gambling but cannot control their emotions will experience continuous defeat without realizing the many losses that have been lost because of gambling with emotions. if they cannot control their emotions and control themselves this will bring disaster to that person, with the many losses that are lost will cause them to be miserable sooner or later. I think most people are like this, they play without a good mindset until all their money is gone.

Gambling and trading are not much different, and both of these things are inseparable from discipline, if they have a disciplined attitude maybe they will be able to limit their gambling games and not fall deeper which will harm themselves in the future. But in my opinion it is better to trade si than gambling, if trading can still be called an investment because if you do it with the right knowledge, of course this will be profitable. Unlike gambling which in my opinion does not need deep knowledge, just place a bet and wait for the best round to make a profit, but it is inseparable from luck.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Aanuoluwatofunmi on October 26, 2023, 04:22:23 PM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
When we are chasing loses, there is bigger chances of us losing more because emotions will always drive us to do somethings we are not supposed to do on an ordinary level. Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses. If we can uphold ourselves and make trading plans with discipline, we might not become a victim of unnecessary loses because we will want to stick to our trading plans.  Whether we are gamblers or traders we need to do what we ought to do to maintain high winning rate.

There's risk in anything that has to do with gambling, so we should probably stop looking for the safest way by choosing the ones we think are more easier and safer to play, if we are gambling, there's no way to avoid the benefits and also the risk involved, those that are into trading also knows what they face in doing so, we should desist from making much comparison that one is better than the other, they all have risk and the more we are after avoiding loosing the more we continue to accumulate the losses.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Wiwo on October 26, 2023, 06:43:58 PM


Trading is very different from gambling. Your job is done! Sports betting and futures trading have a "science" behind them. You have charts, data, history, etc. Besides luck, it's all about strategy

Now, how about some gambling games? Totally different game. You can't forecast a roulette move with a chart, can you? You can't. In trading, you've got tools, tools, tools. You have history and data. Analyze, forecast, strategize. But in gambling? Just you and Lady Luck. She's fickle. Gambling and trade are different, although some features are comparable. Remember, always play it smart, whether you're betting or trading
For the fact that,  gambling have no draw down rules that can and should be followed just like we have workable rule for trading,  that alon make both incomparable and largely different to each other in terms of their operations and realities,  some time we may feel that both gambling and trading are same in practice since both have almost similar risks and available measure of unpredictability of the future outcome,  only that similarity alon os not enough to categorized both into same or being on the same pages at some point.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: redsun114 on October 27, 2023, 03:03:45 PM
When we are chasing loses, there is bigger chances of us losing more because emotions will always drive us to do somethings we are not supposed to do on an ordinary level.
Yes, but that's only for gambling. When you are trading, and trying to recover some losses, you might be able to do that if you do it in the correct way, by doing research and analysis and making trades where you know you won't have a lot of risks.

Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses.
I don't agree with that, trading and gambling aren't alike in any way, even if it's about patterns or anything. There is no pattern or anything when it comes to gambling, it's all luck that matters. So this long running arguments of comparting trading with gambling is not at all making any sense at least in my perspective. Trading is good which means anyone can go for it.

Whether we are gamblers or traders we need to do what we ought to do to maintain high winning rate.
No, you can't do anything to maintain a high winning rate in gambling, you can only try and reduce your losses if you gamble responsibly and that's a different thing.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Hirose UK on October 27, 2023, 04:54:10 PM


Trading is very different from gambling. Your job is done! Sports betting and futures trading have a "science" behind them. You have charts, data, history, etc. Besides luck, it's all about strategy

Now, how about some gambling games? Totally different game. You can't forecast a roulette move with a chart, can you? You can't. In trading, you've got tools, tools, tools. You have history and data. Analyze, forecast, strategize. But in gambling? Just you and Lady Luck. She's fickle. Gambling and trade are different, although some features are comparable. Remember, always play it smart, whether you're betting or trading
For the fact that,  gambling have no draw down rules that can and should be followed just like we have workable rule for trading,  that alon make both incomparable and largely different to each other in terms of their operations and realities,  some time we may feel that both gambling and trading are same in practice since both have almost similar risks and available measure of unpredictability of the future outcome,  only that similarity alon os not enough to categorized both into same or being on the same pages at some point.
I don't know why there are still people out there who think that gambling and trading have the same thing even though it is very clear that they all look different in any form and from any point of view there is nothing in common at all, except for the risks which may be almost the same.
If there is choice wise person who can manage finances will definitely choose to trade because it can be predicted and calculated more accurately, every profit and loss that will be obtained is very different from gambling where everything is uncertain.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: letteredhub on October 27, 2023, 05:30:10 PM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
When we are chasing loses, there is bigger chances of us losing more because emotions will always drive us to do somethings we are not supposed to do on an ordinary level. Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses. If we can uphold ourselves and make trading plans with discipline, we might not become a victim of unnecessary loses because we will want to stick to our trading plans.  Whether we are gamblers or traders we need to do what we ought to do to maintain high winning rate.
There's much difference in the two just that the similarity gambling and trading shares is in the risk-taking and they both doesn't approve of emotions while taking action towards it. Emotions can make you make mistakes that ordinarily with a standstill and calm mind you won't dare to make when executing either of them.

When playing casinos games like slot machine games you realize that it's not same way you engage in it that you do with trading. Slot machine games doesn't require you to be equipped with master skills and strategies but good luck for you to win or have streaks of winnings but with trading you need all the necessary skills and strategies to put you ahead of the market else you are definitely with no winning chance. And that's the big difference between gambling and trading when we take the risk and emotional aspect from it.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Oilacris on October 27, 2023, 11:14:07 PM


Trading is very different from gambling. Your job is done! Sports betting and futures trading have a "science" behind them. You have charts, data, history, etc. Besides luck, it's all about strategy

Now, how about some gambling games? Totally different game. You can't forecast a roulette move with a chart, can you? You can't. In trading, you've got tools, tools, tools. You have history and data. Analyze, forecast, strategize. But in gambling? Just you and Lady Luck. She's fickle. Gambling and trade are different, although some features are comparable. Remember, always play it smart, whether you're betting or trading
For the fact that,  gambling have no draw down rules that can and should be followed just like we have workable rule for trading,  that alon make both incomparable and largely different to each other in terms of their operations and realities,  some time we may feel that both gambling and trading are same in practice since both have almost similar risks and available measure of unpredictability of the future outcome,  only that similarity alon os not enough to categorized both into same or being on the same pages at some point.
I don't know why there are still people out there who think that gambling and trading have the same thing even though it is very clear that they all look different in any form and from any point of view there is nothing in common at all, except for the risks which may be almost the same.
If there is choice wise person who can manage finances will definitely choose to trade because it can be predicted and calculated more accurately, every profit and loss that will be obtained is very different from gambling where everything is uncertain.
Not really that totally a discussion after all on which we do really know that it isnt really just the same.Yes, both could have that risks but the level of risks would really be entirely be different plus
we know that gambling is for entertainment and trading is for money making/business/investment or whatever you do call which correlates to it on which it is really that needing that serious approach if you do want to succeed but of course this wont really be that so simple that could really be achieved on which considering that risks  is still there but it is really that much more better and more worth
if we do compare on gambling games.

Flip or trade? It would really be according into your own interest because leisure time and business/investment kind of dealing will really be totally different when it comes to approach.
Trading would really be just turning out to be a gamble if on the time that you arent really doing any analysis to it which we know that it do really require or needed up such
action for you to take advantage and able to handle yourself on an unpredictable market.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: khaled0111 on October 27, 2023, 11:28:05 PM
Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses.
I don't agree with that, trading and gambling aren't alike in any way, even if it's about patterns or anything. There is no pattern or anything when it comes to gambling, it's all luck that matters. So this long running arguments of comparting trading with gambling is not at all making any sense at least in my perspective. Trading is good which means anyone can go for it.
I totally agree with you on this and to be honest with you it's becoming a bit annoying reading posts comparing trading to gambling. There is no similarities between them at all except the fact that you may win or lose but this is the case for any other king of investments or where money is at stake. I won't be surprised to see traders who believe trading is the same as gambling lose all the time and don't make any profit.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: AmoreJaz on October 27, 2023, 11:34:10 PM
Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses.
I don't agree with that, trading and gambling aren't alike in any way, even if it's about patterns or anything. There is no pattern or anything when it comes to gambling, it's all luck that matters. So this long running arguments of comparting trading with gambling is not at all making any sense at least in my perspective. Trading is good which means anyone can go for it.
I totally agree with you on this and to be honest with you it's becoming a bit annoying reading posts comparing trading to gambling. There is no similarities between them at all except the fact that you may win or lose but this is the case for any other king of investments or where money is at stake. I won't be surprised to see traders who believe trading is the same as gambling lose all the time and don't make any profit.

maybe the reason they want to compare these 2 is to get assurance from the community that trading is seemingly like gambling as well. but if you are equip with good amount of strategies, skills and experience, you will do good in trading. however, how long you are playing with gambling esp those luck-based games, it is still your luck in play to win with your games.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Shamm on October 28, 2023, 05:07:39 PM
Gambling and trading are almost alike when we look at the patterns and how easy people quickly fall and become victims of bad day when they chase there loses.
I don't agree with that, trading and gambling aren't alike in any way, even if it's about patterns or anything. There is no pattern or anything when it comes to gambling, it's all luck that matters. So this long running arguments of comparting trading with gambling is not at all making any sense at least in my perspective. Trading is good which means anyone can go for it.
I totally agree with you on this and to be honest with you it's becoming a bit annoying reading posts comparing trading to gambling. There is no similarities between them at all except the fact that you may win or lose but this is the case for any other king of investments or where money is at stake. I won't be surprised to see traders who believe trading is the same as gambling lose all the time and don't make any profit.
Yes you are right that mate gambling and trading are not the same in all aspects cause trading is you can earn money  and Also its matter on knowledge while in gambling as we all know that the only thing they need to do in order to win in gambling is  they will pray that The brought thier luck, cause in the world of gambling luck is the only way to win a good amount cause when the gambler don't have his/her luck then they can't win.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Youngkhngdiddy on October 28, 2023, 10:39:47 PM
Yes you are right that mate gambling and trading are not the same in all aspects cause trading is you can earn money  and Also its matter on knowledge while in gambling as we all know that the only thing they need to do in order to win in gambling is  they will pray that The brought thier luck, cause in the world of gambling luck is the only way to win a good amount cause when the gambler don't have his/her luck then they can't win.
  Gambling and trading are two different concepts. Across the world, across ages making money quickly is considered gambling I will put it this way. Anything and everything you’re doing in the world is gambling one needs to understand the concept of probability pertaining to various jobs. But the fact remains, when one is gambling the odds are not in your favor. But when one takes a trade or invest, he is taking a decision based on the data he has at his disposal the best trader/investor are the ones who enter into position when the probability of success is high. The trader who do not analyze data before entering a position tend to lose money. Whereas its is the exact opposite when it come to gambling. Gambling is strictly base on luck even when the smaller odds are best possibility of winning.
  Casino games are designed to have a negative expected return. If you play games in a casino, then over time you should be expected to lose money. This is because the casino has set the odds so that you will lose money more often than you will make it. You are a customer paying them to experience risk. The stock market as a whole should have a positive expected value. If you passively hold onto a broad market index of stocks, you should make money over time. This is why the stock market exists- to give investors a positive return in exchange for taking on risk. In fact, in the stock market, the companies who issue stocks are basically the customers and they are paying you as an investor to take on risk. This is in contrast to the casinos. The fact that both of these institutions exist is kind of interesting. The stock market (like insurance) functions because people are, by and large, risk averse. Casinos function because, every now and then, people want to actually pay money (by losing it) so that they can experience risk.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: khaled0111 on October 28, 2023, 11:12:24 PM
Yes you are right that mate gambling and trading are not the same in all aspects cause trading is you can earn money  and Also its matter on knowledge while in gambling as we all know that the only thing they need to do in order to win in gambling is  they will pray that The brought thier luck, cause in the world of gambling luck is the only way to win a good amount cause when the gambler don't have his/her luck then they can't win.
It's not only a matter of luck. If you are a trader then you nedd to make some researches and use your trading skills to make a decision on whether to buy an asset or to sell it because you expect its price is going to rise or fall. But when gambling, you just chose either up or down and rely purely on luck.
The above doesn't mean much, what really matters is that when you gamble you are supposed to be having fun regardless of whether you win or lose but when you trade you are expecting to make some profit.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Blitzboy on October 29, 2023, 02:55:59 PM
Yes you are right that mate gambling and trading are not the same in all aspects cause trading is you can earn money  and Also its matter on knowledge while in gambling as we all know that the only thing they need to do in order to win in gambling is  they will pray that The brought thier luck, cause in the world of gambling luck is the only way to win a good amount cause when the gambler don't have his/her luck then they can't win.
  Gambling and trading are two different concepts. Across the world, across ages making money quickly is considered gambling I will put it this way. Anything and everything you’re doing in the world is gambling one needs to understand the concept of probability pertaining to various jobs. But the fact remains, when one is gambling the odds are not in your favor. But when one takes a trade or invest, he is taking a decision based on the data he has at his disposal the best trader/investor are the ones who enter into position when the probability of success is high. The trader who do not analyze data before entering a position tend to lose money. Whereas its is the exact opposite when it come to gambling. Gambling is strictly base on luck even when the smaller odds are best possibility of winning.
  Casino games are designed to have a negative expected return. If you play games in a casino, then over time you should be expected to lose money. This is because the casino has set the odds so that you will lose money more often than you will make it. You are a customer paying them to experience risk. The stock market as a whole should have a positive expected value. If you passively hold onto a broad market index of stocks, you should make money over time. This is why the stock market exists- to give investors a positive return in exchange for taking on risk. In fact, in the stock market, the companies who issue stocks are basically the customers and they are paying you as an investor to take on risk. This is in contrast to the casinos. The fact that both of these institutions exist is kind of interesting. The stock market (like insurance) functions because people are, by and large, risk averse. Casinos function because, every now and then, people want to actually pay money (by losing it) so that they can experience risk.
The difference you pointed out between trade and gambling is very important. All of Tom, Dick, and Harry seem to mix them up, even though their main ideas are very different. There are risks in life in general, but investing is a planned one, right? Traders plan their next move by looking at data, figuring out the odds, and guessing what will happen. What are the odds? They are managed to work in their favour by analysing them very carefully. At the same time, bettors throw their coins into the abyss of chance, hoping very hard for a jackpot.

What you said about casinos and the stock market is right on the mark. In their most basic form, casinos take money from people who want to play by using games that statistically guarantee loses over a long period of time. On the other hand, the stock market is more about taking measured risks with a strong understanding of the basics. There is no such thing as luck in this; you have to do study, understand trends, and make smart choices. The desire to make quick money versus the skill of strategic money management: two paths, two results.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wxa7115 on October 31, 2023, 02:44:56 AM
while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.
That is exactly what happens, many traders are not able to endure the losses that come their way and get desperate, and once that happens there is almost no way to save themselves, as even if they did not used leverage the amount of money they will use on their next trades will be too high, and if they happen to lose again then it could become incredibly difficult for them to recover that money.

However this shows those people did not really backtested their own strategy, as even a good strategy can lose 10 or more trades in a row.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Assface16678 on October 31, 2023, 03:26:50 AM
Yes you are right that mate gambling and trading are not the same in all aspects cause trading is you can earn money  and Also its matter on knowledge while in gambling as we all know that the only thing they need to do in order to win in gambling is  they will pray that The brought thier luck, cause in the world of gambling luck is the only way to win a good amount cause when the gambler don't have his/her luck then they can't win.
It's not only a matter of luck. If you are a trader then you nedd to make some researches and use your trading skills to make a decision on whether to buy an asset or to sell it because you expect its price is going to rise or fall. But when gambling, you just chose either up or down and rely purely on luck.
The above doesn't mean much, what really matters is that when you gamble you are supposed to be having fun regardless of whether you win or lose but when you trade you are expecting to make some profit.

Gambling doesn't mean always having fun; it's proven that gambling only produces stress and misery. Many gamblers at first treat gambling as entertainment, but in the long run, the fun fades, as when they keep on losing, it will take a toll on them and eventually chase their losses. As we know, humans can't afford to lose money just for fun, and it will result in the worst situation or scenario. So I don't believe in gambling as fun or entertainment. I agree that trading and gambling should not be compared, as trading is a more practical way to earn money than just hoping to be lucky in gambling. Trading is a more efficient and practical way, as you just need to invest in your knowledge and patience for trading, which can be rewarded as much as the traders want because they put battle before clinging to their luck. In short, trading is skill- and knowledge-based, while gambling is luck. It also has some skill as you play games that require strategy, but still, luck is more prominent in gambling.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Dewi Aries on October 31, 2023, 11:37:30 AM


Trading is very different from gambling. Your job is done! Sports betting and futures trading have a "science" behind them. You have charts, data, history, etc. Besides luck, it's all about strategy

Now, how about some gambling games? Totally different game. You can't forecast a roulette move with a chart, can you? You can't. In trading, you've got tools, tools, tools. You have history and data. Analyze, forecast, strategize. But in gambling? Just you and Lady Luck. She's fickle. Gambling and trade are different, although some features are comparable. Remember, always play it smart, whether you're betting or trading
For the fact that,  gambling have no draw down rules that can and should be followed just like we have workable rule for trading,  that alon make both incomparable and largely different to each other in terms of their operations and realities,  some time we may feel that both gambling and trading are same in practice since both have almost similar risks and available measure of unpredictability of the future outcome,  only that similarity alon os not enough to categorized both into same or being on the same pages at some point.
I don't know why there are still people out there who think that gambling and trading have the same thing even though it is very clear that they all look different in any form and from any point of view there is nothing in common at all, except for the risks which may be almost the same.
If there is choice wise person who can manage finances will definitely choose to trade because it can be predicted and calculated more accurately, every profit and loss that will be obtained is very different from gambling where everything is uncertain.
Not really that totally a discussion after all on which we do really know that it isnt really just the same.Yes, both could have that risks but the level of risks would really be entirely be different plus
we know that gambling is for entertainment and trading is for money making/business/investment or whatever you do call which correlates to it on which it is really that needing that serious approach if you do want to succeed but of course this wont really be that so simple that could really be achieved on which considering that risks  is still there but it is really that much more better and more worth
if we do compare on gambling games.

There is no similarity between trading and gambling. it is annoying to compare these two things, because each of these two things has advantages and disadvantages. Only winning and losing are the same in these two things, but smart and wise people will definitely do trading and investing instead of gambling because when it comes to gambling people know that just by mentioning gambling they already understand that this one thing is not good, but with trading they will consider this a good thing. indeed not much different, but in my opinion it is better to trade or invest than gambling which certainly has fatal bad effects. Trading or investing can still be avoided by learning things related to trading or investing, by learning things there is less chance of losses to be obtained, although an expert in trading must also be wrong in predicting.
But I am confident in trading or investing, because looking back there are many people who are successful because of trading or investing, of course this is a good thing for beginners who have just come down to the world of trading because they will take a little or a lot of knowledge from those who have experience trading or investing, because these two things in my opinion are better than gambling. So I myself will choose trad

Flip or trade? It would really be according into your own interest because leisure time and business/investment kind of dealing will really be totally different when it comes to approach.
Trading would really be just turning out to be a gamble if on the time that you arent really doing any analysis to it which we know that it do really require or needed up such
action for you to take advantage and able to handle yourself on an unpredictable market.

In contrast to gambling that can be done without much knowledge, just put a bet and wait for the results, of course this only relies on luck. But I make sure that people who gamble a lot of them experience losses by losing every round, because they know or maybe they don't realize that what they are fighting against is a machine that has been set up by insiders, of course they will not just give victory. gambling is created to make money not give money, this is just a game not a job. Indirectly they will spend the money the players have.
So trading or gambling still has risks, it just depends on which of these two things is better. But I suggest better trading and investing because this will be clearly profitable if we have mastered or learned things related to these two things.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wallet4bitcoin on November 03, 2023, 07:11:44 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip


Day trading is also a type of trading like the swing trading also, the difference being that the traders only close their trades on a daily basis, although there are chances that a particular trader can span into the next day but its still considered day trading.

Most traders don't enjoy allowing their trades to run for multiple days or even weeks, in some, it keeps them psychologically unbalanced and to others, its their best strategy to profit making.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: GiftedMAN on November 03, 2023, 09:09:41 PM
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip


Day trading is also a type of trading like the swing trading also, the difference being that the traders only close their trades on a daily basis, although there are chances that a particular trader can span into the next day but its still considered day trading.

Most traders don't enjoy allowing their trades to run for multiple days or even weeks, in some, it keeps them psychologically unbalanced and to others, its their best strategy to profit making.
For us to be a day traders or swing traders, it all depends on our capital and how much we are able to risk as a trader. People that go on a long trades are the position and swing traders. They can be in the market for a very long time lasting not less than two months.

 This kind of trading requires a lot of money to stay in the market for a very long time. No matter the kind of trader that we are, it is very important for us to know when to leave and stay in the market. This is one of the mistakes many traders make and make them keep accumulating loses which is not supposed to be so. We need to understand the kind of trader that we are to keep the profits flowing.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Dunamisx on November 03, 2023, 09:42:58 PM
If we are trading, aren't we loosing for no reason, if we are gambling as well, are there no uncertainties that we also finds ourselves loosing or winning even when we least expect any, the thing to consider here is in knowing what one is good at first, then apply the desiring method of doing it at the best, trading is quite different from gambling, when we gamble, be it flip or any other kind then we make the difference between gambling and trade well known and both have their own chances, left to us to take up the challenge in what we want.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Fortify on November 03, 2023, 10:20:23 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I heard from some very clever and in-the-know high level ex-wall street traders that day trading is simply dead. It's not what the experts are trying to do any more, there are simple too many powerful and superfast machines trading out there, that the only people making money this way are people committing insider trading. What the experts are doing is looking for ideas and trades with a minimum 3 month horizon, trying to predict outcomes that are harder to calculate but based on good ideas. Their track record is impressive and definitely much higher chances than a 50/50 coin flip. If you're talking about day trading, on that basis a flip is probably going to bring you better fortune.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: khaled0111 on November 03, 2023, 11:53:00 PM
Day trading is also a type of trading like the swing trading also, the difference being that the traders only close their trades on a daily basis, although there are chances that a particular trader can span into the next day but its still considered day trading.
..
Who said otherwise! OP is more about comparing day trading to gambling not comparing day trading to trading!
There are few similarities between day trading and gambling tbh although I don't want to admit this. Day gambling is too risky and it's most of the times it's based on luck. The reason why I said this is because there is no way to predict the price of a coin in the next moment no matter how experienced you are in technical analysis or whatever trading technic you use.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Mate2237 on November 04, 2023, 12:49:26 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Your write looks like a poem with free verse. Are you a poet or a literary scholar? coin flip is already or automatically a game and day trading is not game, but it is for investment. Okay let me clarify the question, day trading is not gambling but they are all having prediction.  Trading has prediction and calculate how to win your opponent. Trading needs a lot of tools to work on and gambling predicts who will win the next round though and also their calculative move too. Personally, I don't know which is riskier.

gambling is not a an investment and trading is for investment but


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: btc_angela on November 04, 2023, 08:37:10 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I heard from some very clever and in-the-know high level ex-wall street traders that day trading is simply dead. It's not what the experts are trying to do any more, there are simple too many powerful and superfast machines trading out there, that the only people making money this way are people committing insider trading. What the experts are doing is looking for ideas and trades with a minimum 3 month horizon, trying to predict outcomes that are harder to calculate but based on good ideas. Their track record is impressive and definitely much higher chances than a 50/50 coin flip. If you're talking about day trading, on that basis a flip is probably going to bring you better fortune.

Ah, maybe you are talking about bots? Not sure though if trading is dead, but for sure crypto is very much alive if you look at some exchanges and there are numbers still up to the millions or even higher every day as they trade. And with the help of bots, there could be hundreds every day trying to scalp and make easy money as compare to like we say gambling or the very basic coin flip.

Of course, not everyone is going to win in this game, but if you have at least some basic knowledge and with the help of bots, who knows, maybe there will be days that you are going to win big and then some bad days. Unlike in gambling wherein the changes for you to win every day is very slim.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Fivestar4everMVP on November 04, 2023, 08:59:16 AM
If we are trading, aren't we loosing for no reason, if we are gambling as well, are there no uncertainties that we also finds ourselves loosing or winning even when we least expect any, the thing to consider here is in knowing what one is good at first, then apply the desiring method of doing it at the best, trading is quite different from gambling, when we gamble, be it flip or any other kind then we make the difference between gambling and trade well known and both have their own chances, left to us to take up the challenge in what we want.
You definitely have made some really good point, but let me also try to make you understand why I think gambling is not far from trading in actual sense, most especially, if the trading we are talking about is futures trading.

For me who have traded in both the spot market, futures market, and as well as have gambled and still gambling, I did agree that gambling is very far different from trading when what we are talking about is spot trading.

But if we are talking about futures trading, it's very similar to gambling in my honest opinion, since it has to with predicting the direction a coin will go, it's similar to predicting the outcome of a sports match through betting.

Blind trading the futures market is exactly gambling, since you don't know what you are doing but solely depending on luck to win the trade.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Woodie on November 04, 2023, 09:25:33 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Am not the person that enjoys games which are 50/50!
What happens when you are on a losing streak, as a losing streak is very much possible in a fair 50/50 game ..for example a game of Roulette betting on the Red or Black or the flip game as you have said can also expose you to a string of loses and swipe your bank roll clean!!

For me I would rather take my chances with charts as I can make my own luck here!!

Otherwise trurth of the matter here both have some risk and its about playing what you can afford to lose :)


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Gozie51 on November 04, 2023, 02:16:11 PM

gambling is not a an investment and trading is for investment but

Really.... Well I know gambling is not an investment and in my view also trading is not. What I am sure as investment is hodling of a coin preferably bitcoin. So for trading, it is also risky and you can lose all of your money at once but investment like hodling in bitcoin can only depreciate but will regain its value more than what it was in the previous ATH. Yes it is debatable if trading is investment and I'm not convinced otherwise.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Oilacris on November 04, 2023, 06:32:02 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
Am not the person that enjoys games which are 50/50!
What happens when you are on a losing streak, as a losing streak is very much possible in a fair 50/50 game ..for example a game of Roulette betting on the Red or Black or the flip game as you have said can also expose you to a string of loses and swipe your bank roll clean!!

For me I would rather take my chances with charts as I can make my own luck here!!

Otherwise trurth of the matter here both have some risk and its about playing what you can afford to lose :)
Actually we would really be normally be that choosing on things which we know that we do really have that advantage with on which it would really be that sticking into something like trading
since we know that we could really make things thing as a our main source of income on which i could say that it would really be that normal that people would really be having that kind of approach on things on which it would really be just that right that you should really be making up that kind of intent or really that treatment on what are the things that you have in mind.
Bigger gamble then it would be always talking or pertaining about gambling on which there's no doubt to that and this is why it wouldnt really be that so shocking
that tons of people would really be ending up on a disaster if they are really that not mindful about on the things that they are dealing off with.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: btc78 on November 04, 2023, 06:49:31 PM
eventho day trading is known to be extremely risky this isn’t a fair comparison at all

gambling is played on chance purely based on luck to say that gambling is like trading might be disrespectful to those who dedicate their time learning about the market traders need to have both the knowledge and the skill which are things you necessarily don’t need in gambling anyway the point is day trading might be intimidating but it’s not a game of luck and you can gain wins by being a good strategist


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Webetcoins on November 05, 2023, 04:21:11 PM
If we are trading, aren't we loosing for no reason, if we are gambling as well, are there no uncertainties that we also finds ourselves loosing or winning even when we least expect any, the thing to consider here is in knowing what one is good at first, then apply the desiring method of doing it at the best, trading is quite different from gambling, when we gamble, be it flip or any other kind then we make the difference between gambling and trade well known and both have their own chances, left to us to take up the challenge in what we want.
Why would you lose in trading if you gather enough knowledge and experience before you venture into it? Trading is not like gambling where you only need luck to win or get money, but you need knowledge and experience about the market and the assets you will be trading to make money, and it's nothing impossible as anyone with the right mindset can manage to learn everything they need to start trading and be a successful trader if they keep improving.

In trading, when you lose, you have the opportunity to evaluate the whole process and find out your mistake which you can work on so that you don't make the same mistake again, but in gambling, if you lose a bet, there is nothing you can do except for accepting the loss or trying to recover it and lose even more.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: Eternad on November 05, 2023, 04:29:21 PM
eventho day trading is known to be extremely risky this isn’t a fair comparison at all

gambling is played on chance purely based on luck to say that gambling is like trading might be disrespectful to those who dedicate their time learning about the market traders need to have both the knowledge and the skill which are things you necessarily don’t need in gambling anyway the point is day trading might be intimidating but it’s not a game of luck and you can gain wins by being a good strategist

Not totally true if the one he is comparing are those traders using high leverage such as x100 since no professional trader will use that tool because that is a suicide in crypto trading due to its volatile.

There’s a credit on his comparison when he is talking about high leverage trading since there’s no such indicator that help you to predict random price spike in Bitcoin that usually hit any liquidity no matter how big your position. It’s a literal money burning which I’m really sure an unethical to offer by exchange because that is already gambling not trading due to its low margin for liquidation price.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: wxa7115 on November 06, 2023, 01:56:19 AM
eventho day trading is known to be extremely risky this isn’t a fair comparison at all

gambling is played on chance purely based on luck to say that gambling is like trading might be disrespectful to those who dedicate their time learning about the market traders need to have both the knowledge and the skill which are things you necessarily don’t need in gambling anyway the point is day trading might be intimidating but it’s not a game of luck and you can gain wins by being a good strategist

Not totally true if the one he is comparing are those traders using high leverage such as x100 since no professional trader will use that tool because that is a suicide in crypto trading due to its volatile.

There’s a credit on his comparison when he is talking about high leverage trading since there’s no such indicator that help you to predict random price spike in Bitcoin that usually hit any liquidity no matter how big your position. It’s a literal money burning which I’m really sure an unethical to offer by exchange because that is already gambling not trading due to its low margin for liquidation price.
Such level of leverage is suicide even in a slow moving market as the losses traders will have to endure by using that level of leverage are incredible.

However while I think it is obvious exchanges give those options to their clients with the hidden intention they use it so they blow up their accounts, at the end the exchanges do not force anyone to use it, and because of this I still think of the traders as the ones that are 100% responsible for their actions, as thinking otherwise will simply allow those gamblers to try to shift the blame away and never improve as they will never hold themselves responsible for the financial decisions that are ruining them.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: maydna on November 06, 2023, 12:50:19 PM
eventho day trading is known to be extremely risky this isn’t a fair comparison at all

gambling is played on chance purely based on luck to say that gambling is like trading might be disrespectful to those who dedicate their time learning about the market traders need to have both the knowledge and the skill which are things you necessarily don’t need in gambling anyway the point is day trading might be intimidating but it’s not a game of luck and you can gain wins by being a good strategist
If trading is done without analyzing the market, it is the same as gambling because we are just guessing where the market will move and what coins will increase. But if they can analyze to find coins that have a chance of increasing, they are not gambling because they are analyzing one by one the list of coins they have collected. And that is why traders must continue to hone their skills to analyze coins that have the potential to increase.

Even though sports betting requires analysis to find the right team, it is still gambling and different from trading.


Title: Re: Flip or Trade? What’s The Bigger Gamble?
Post by: LUCKMCFLY on November 09, 2023, 01:56:14 PM
eventho day trading is known to be extremely risky this isn’t a fair comparison at all

gambling is played on chance purely based on luck to say that gambling is like trading might be disrespectful to those who dedicate their time learning about the market traders need to have both the knowledge and the skill which are things you necessarily don’t need in gambling anyway the point is day trading might be intimidating but it’s not a game of luck and you can gain wins by being a good strategist

Not totally true if the one he is comparing are those traders using high leverage such as x100 since no professional trader will use that tool because that is a suicide in crypto trading due to its volatile.

There’s a credit on his comparison when he is talking about high leverage trading since there’s no such indicator that help you to predict random price spike in Bitcoin that usually hit any liquidity no matter how big your position. It’s a literal money burning which I’m really sure an unethical to offer by exchange because that is already gambling not trading due to its low margin for liquidation price.
Well, I'm not one of those who do trading in that way because intraday trading or any type of tarding that is done is difficult, a respective analysis is needed, so in this order of things, when we make other types of comparisons, it doesn't fit well to say about trading with the game, because both activities are very different, so this should not be confused, and to do everything better, it must be determined that when we are thinking about doing a better job, it usually happens that when we are doing any analysis in trading does work, sometimes luck is needed, other times volatility can make us win or lose, but a well-done analysis can guarantee that the player wins, it comes in a game, like tragmewaves, rulta, something like that, the fact Having a great analysis does not guarantee that you can win, because there may be the best of all analyses, even with patterns, but that will not guarantee that you can win.

For casinos this is something that is normal, an eprosn that has a good analysis, it is not something that guarantees that you can win, since things when it comes to casinos and winning, always the advantage of a casino is greater, so we as players will have to take advantage of those touches of luck, it is something that we must all suffer and believe, because this is that we have to play with confidence, it is recommended to always assume a balance willing to lose, because the balance or money that If you go into a casino, that can be lost, nothing is guaranteed, the fact that a person decides to put a lot of money in a casino does not mean that the casino has it or must guarantee that it has to be returned, much less in profits, because the Caisnos are companies, businesses that are there to entertain people and so that they can have a different time, with the caveat that they can make money or lose money.