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Author Topic: Do you consider trading as gambling?  (Read 45364 times)
ged00u
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December 25, 2016, 10:10:53 PM
 #1601

No,I don't consider trading as gambling.Because trading depends on our skills,knowledge and experience.Trading can give us good amount of profit in short time.We can use our mind to predict the future price.But in gambling it just depends on our luck,no strategy or skills can be followed.Also in gambling our losing chances is high than trading.
There some points I do not agree with you. Actually, gambling does require strategy and skills like trading does. But they are not very useful for gamblers at all so most of them usually skip these part and jump into gamble without anything except their feelings. In general, It is not a good idea to pass these factor because they can help you to reduce the losing amount.
I do not think so because I have tried many strategies for my gambling still I was unable to reduce my losing amounts.

It is too true that gambling is beyond those skills and strategies and only luck is the needed thing. That is the reason I'm not considering gambling as trading as I'm able to make some profits in my trading.
The truth is that this will always be a risky game. I think there are certain techniques that can help reduce risks, and a broad knowledge of the game will help increase the chances, but luck is what will decide who loses or wins. This surely differentiates gambling from trading.
I certainly agree with you. Knowledge is always the key lead us to success. In technically saying, you can even have a decent amount of Bitcoin every months if you have learned how to trade and obtain some experience, as well as skills from trading experts. However, in gambling, we can only decline the losing chance if you have talents or knowledge because gambling relies most on luck and we can not able to control luck at all.

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December 25, 2016, 11:48:08 PM
 #1602

No,I don't consider trading as gambling.Because trading depends on our skills,knowledge and experience.Trading can give us good amount of profit in short time.We can use our mind to predict the future price.But in gambling it just depends on our luck,no strategy or skills can be followed.Also in gambling our losing chances is high than trading.
There some points I do not agree with you. Actually, gambling does require strategy and skills like trading does. But they are not very useful for gamblers at all so most of them usually skip these part and jump into gamble without anything except their feelings. In general, It is not a good idea to pass these factor because they can help you to reduce the losing amount.
I do not think so because I have tried many strategies for my gambling still I was unable to reduce my losing amounts.

It is too true that gambling is beyond those skills and strategies and only luck is the needed thing. That is the reason I'm not considering gambling as trading as I'm able to make some profits in my trading.
The truth is that this will always be a risky game. I think there are certain techniques that can help reduce risks, and a broad knowledge of the game will help increase the chances, but luck is what will decide who loses or wins. This surely differentiates gambling from trading.
yes there is no doubt about this that both are risky but still i will say that both are not the same thing, as trading need a proper study and experience, while gambling is mostly depend on luck, if you are luck then you do not need any experience or study and can make good money.


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BitMaxz
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December 25, 2016, 11:52:39 PM
 #1603

No,I don't consider trading as gambling.Because trading depends on our skills,knowledge and experience.Trading can give us good amount of profit in short time.We can use our mind to predict the future price.But in gambling it just depends on our luck,no strategy or skills can be followed.Also in gambling our losing chances is high than trading.
There some points I do not agree with you. Actually, gambling does require strategy and skills like trading does. But they are not very useful for gamblers at all so most of them usually skip these part and jump into gamble without anything except their feelings. In general, It is not a good idea to pass these factor because they can help you to reduce the losing amount.
I do not think so because I have tried many strategies for my gambling still I was unable to reduce my losing amounts.

It is too true that gambling is beyond those skills and strategies and only luck is the needed thing. That is the reason I'm not considering gambling as trading as I'm able to make some profits in my trading.
The truth is that this will always be a risky game. I think there are certain techniques that can help reduce risks, and a broad knowledge of the game will help increase the chances, but luck is what will decide who loses or wins. This surely differentiates gambling from trading.
yes there is no doubt about this that both are risky but still i will say that both are not the same thing, as trading need a proper study and experience, while gambling is mostly depend on luck, if you are luck then you do not need any experience or study and can make good money.
Not all gambling games are need or depends in luck there is other game that need skills or both luck.. like sports betting in poker if you have experience and skilled in sportsbetting how to analyze it you can make  a good profit..
If we compare trading it can also need luck but less risk unlike in gambling if you lose you can not recover your loses unlike in trading that actually if the price of altcoin is decreases you can be still sell it and recover some loses.

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December 26, 2016, 09:44:30 AM
 #1604

No,I don't consider trading as gambling.Because trading depends on our skills,knowledge and experience.Trading can give us good amount of profit in short time.We can use our mind to predict the future price.But in gambling it just depends on our luck,no strategy or skills can be followed.Also in gambling our losing chances is high than trading.
There some points I do not agree with you. Actually, gambling does require strategy and skills like trading does. But they are not very useful for gamblers at all so most of them usually skip these part and jump into gamble without anything except their feelings. In general, It is not a good idea to pass these factor because they can help you to reduce the losing amount.
I do not think so because I have tried many strategies for my gambling still I was unable to reduce my losing amounts.

It is too true that gambling is beyond those skills and strategies and only luck is the needed thing. That is the reason I'm not considering gambling as trading as I'm able to make some profits in my trading.
The truth is that this will always be a risky game. I think there are certain techniques that can help reduce risks, and a broad knowledge of the game will help increase the chances, but luck is what will decide who loses or wins. This surely differentiates gambling from trading.
yes there is no doubt about this that both are risky but still i will say that both are not the same thing, as trading need a proper study and experience, while gambling is mostly depend on luck, if you are luck then you do not need any experience or study and can make good money.
Not all gambling games are need or depends in luck there is other game that need skills or both luck.. like sports betting in poker if you have experience and skilled in sportsbetting how to analyze it you can make  a good profit..
If we compare trading it can also need luck but less risk unlike in gambling if you lose you can not recover your loses unlike in trading that actually if the price of altcoin is decreases you can be still sell it and recover some loses.
You are right somehow, but what I like when relying on luck alone is you will not be stress as you gamble effortless and with that kind of action as well you are making yourselves to be not addicted with gambling since you will not be too affected due to less amount of time you spent.

Being serious in gambling will only make you hooked with it and the moment you are hooked, the real problem will start when you are out of control.

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grandy
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December 27, 2016, 07:09:18 PM
 #1605

No,I don't consider trading as gambling.Because trading depends on our skills,knowledge and experience.Trading can give us good amount of profit in short time.We can use our mind to predict the future price.But in gambling it just depends on our luck,no strategy or skills can be followed.Also in gambling our losing chances is high than trading.
There some points I do not agree with you. Actually, gambling does require strategy and skills like trading does. But they are not very useful for gamblers at all so most of them usually skip these part and jump into gamble without anything except their feelings. In general, It is not a good idea to pass these factor because they can help you to reduce the losing amount.
I do not think so because I have tried many strategies for my gambling still I was unable to reduce my losing amounts.

It is too true that gambling is beyond those skills and strategies and only luck is the needed thing. That is the reason I'm not considering gambling as trading as I'm able to make some profits in my trading.
The truth is that this will always be a risky game. I think there are certain techniques that can help reduce risks, and a broad knowledge of the game will help increase the chances, but luck is what will decide who loses or wins. This surely differentiates gambling from trading.
yes there is no doubt about this that both are risky but still i will say that both are not the same thing, as trading need a proper study and experience, while gambling is mostly depend on luck, if you are luck then you do not need any experience or study and can make good money.
i also do not consider gambling and trading as the same, i think there is a big difference between them. to me gambling is more risky as compare to trading, in gambling you cannot return your money without evolving you own money but trading is a little safe as compare to gambling.



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December 28, 2016, 05:19:21 PM
 #1606

Knowledge is always the key lead us to success. In technically saying, you can even have a decent amount of Bitcoin every months if you have learned how to trade and obtain some experience, as well as skills from trading experts. However, in gambling, we can only decline the losing chance if you have talents or knowledge because gambling relies most on luck and we can not able to control luck at all.
Yes, that is right to say but I think you can use your knowledge, your skill and experience only in sports gambling, while in other format of gambling there you will depend on your luck, if you are lucky you will be able to make money and if you are not luck you will even lose your own money.
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December 28, 2016, 09:40:42 PM
 #1607

we will look at the hidden ways in which gambling creeps into trading practices, as well as the stimulus that may drive an individual to trade (and possibly gamble) in the first place.

Hidden Gambling Tendencies
It is quite likely that anyone who believes they don't have gambling tendencies will not happily admit to having them if it turns out they are in fact acting on gambling impulses. Yet discovering what drives us to take certain actions can create change within us as the underlying motivators are discovered by the conscious mind.

Before delving into gambling tendencies when actually trading, one tendency is apparent in many people before trading even takes place. This same motivator continues to impact traders as they gain experience and become regular market participants.

Social Proofing
Some people may not even have an interest in trading or investing within the financial markets, but social pressures induce them to trade or invest anyway. This is especially common when large numbers of people are talking about investing in the markets (often during the final phase of a bull market). People feel pressured to conform by their social circle. Thus they invest so as not to disrespect or disregard others' beliefs or feel left out.

Buying some stocks or placing some trades to appease social forces is not gambling in and of itself if people actually know what they are doing. But entering into a financial transaction without a solid investment understanding is gambling, regardless of what the social media portrays. Such people lack the knowledge to exert control over the profitability of their choices. There are many variables in the market, and misinformation or disinformation within investors or traders creates a gambling scenario. Until knowledge has been developed that allows people to overcome the odds of losing, gambling is taking place with each transaction that occurs.

Contributing Gambling Factors
Once someone is involved in the financial markets, there is a learning curve, which based on the social proofing discussion above may seem like it is gambling. This may or may not be true based on the individual. How the person approaches the market will determine whether she/he becomes a successful trader or remains a perpetual gambler in the financial markets. The following two traits (among many) are easily overlooked but contribute to gambling tendencies in traders.

Gambling (Trading) for Excitement
Even a losing trade can stir emotions and a sense of power or satisfaction, especially when related to social proofing. If everyone in a person's social circle is losing money in the markets, losing money on a trade will allow that person to enter the conversation with her/his own story. When a person trades for excitement or social proofing reasons, it is likely that she/he is trading in a gambling style rather than in a methodical and tested way. Trading the markets is exciting; it links the person into a global network of traders and investors with different ideas, backgrounds and beliefs. Yet getting caught up in the "idea" of trading, the excitement, or emotional highs and lows is likely to detract from acting in a systematic and methodical way.

Trading to Win, and Not Trading a System
Trading in a methodical and systematic way is important in any odds-based scenario. Trading to win seems like the most obvious reason to trade. After all, why trade if you can't win? But there is a hidden detrimental flaw when it comes to this belief and trading. While making money is the desired overall result, trading to win can actually drive us further away from making money. If winning is our prime motivator, the following scenario is likely to play out: Jill buys a stock as she feels it is oversold compared to the rest of the market. The stock continues to fall, placing her in a negative position. Instead of realizing that the stock is not simply oversold and that something else must be going on, she continues to hold the position, hoping it will come back so she can win (or even break even) on the trade. The focus on winning has forced the trader into the position where she doesn't get out of bad positions, because to do so would be to admit she lost on that trade.

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades. Holding losing positions after original entry conditions have changed or turned negative for the trade means the trader is now gambling and no longer using sound trading methods (if she/he ever was).

The Bottom Line
Gambling tendencies run far deeper than most people initially perceive and well beyond the standard definitions. Gambling can take the form of needing to socially prove one's self, or acting in a way to be socially accepted, which results in taking action in a field they know little about. Gambling in the markets is often evident in people who do it mostly for the emotional high they receive from the excitement and action of the markets. Finally, not trading in a methodical and tested system, but rather relying on emotion or a must-win attitude to create profits, indicates the person is gambling in the markets and unlikely to succeed over the course of many trades.
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December 30, 2016, 07:57:08 AM
 #1608

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.



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December 30, 2016, 08:49:14 AM
 #1609

Knowledge is always the key lead us to success. In technically saying, you can even have a decent amount of Bitcoin every months if you have learned how to trade and obtain some experience, as well as skills from trading experts. However, in gambling, we can only decline the losing chance if you have talents or knowledge because gambling relies most on luck and we can not able to control luck at all.
Yes, that is right to say but I think you can use your knowledge, your skill and experience only in sports gambling, while in other format of gambling there you will depend on your luck, if you are lucky you will be able to make money and if you are not luck you will even lose your own money.

You can also use those things in poker and for having those things in gambling it can make you a better gambler. Since it is applicable in gambling, better to use it with trading because in it you have the guarantee that you are going to get more profit together if you are going to be that patient enough and wait for your trades. Both of it has also the risk that we can't avoid.

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December 30, 2016, 08:55:38 AM
 #1610

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.

Yup, everything is indeed supposed to depend on thought and emotion that we use in the gambling or trading. And it is very decisive for us to get the loss or gain, because emotions can change strategy and how to play right into something wrong or bad. So before making any trading or gambling better see myself if we can already control the emotions correctly or not. If it can be answered properly then do something correctly and don't obey our emotions


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numanoid
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December 30, 2016, 10:00:59 AM
 #1611

~bullshit copy/paste~
Very nice explanation from you, but TOO BAD all of these are just copy/paste based from this thread https://bitcointalk.org/index.php?topic=1733463.msg17344122#msg17344122
Just wait until your account got permanen ban Grin

i also do not consider gambling and trading as the same, i think there is a big difference between them. to me gambling is more risky as compare to trading,
Gambling is indeed more risky than trading, but with that high risks you could win more than you do trading.
Quote
in gambling you cannot return your money without evolving you own money but trading is a little safe as compare to gambling.
You can get back your money when you lose in gambling, just playing when a gambling site held a cashback promotion (but you only can get around ~10-20%from your loses) depends from how big their promotion too.

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Script3d
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December 30, 2016, 10:33:30 AM
 #1612

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.
trading doesnt work like that it just you get money instant without doing any work you need to trade your coins in order to lose or gain. but overall trading is just like gambling because your risking your money to lose.

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December 30, 2016, 11:09:05 AM
 #1613

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.
It's a wrong intuition what's being followed since a long time.You know psychologically,it's true but in practicality it doesn't work that way."
Good in what you do" :- Meaning what outcomes to more chances of success when you perform a specific task.Makes sense when you're playing football or tennis.You can really make out how your body reacts to those movements without you having to put in much effort.Pretty straight forward.

When we apply the same logic in current scenario,you cannot control the market to be honest.No matter how good you're with numbers,the market at the end of the day will decide what works for you.


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December 30, 2016, 03:30:54 PM
 #1614

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.
trading doesnt work like that it just you get money instant without doing any work you need to trade your coins in order to lose or gain. but overall trading is just like gambling because your risking your money to lose.
The only reason why its became gambling if you dont analyze correctly if you have lack of knowledge and did not do your research, pro traders always rely with situation they always finding good reason why they will invest and what can be the outcome they always have plan b just incase things wont favor them.


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ethereumhunter
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December 30, 2016, 04:58:36 PM
 #1615

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.
trading doesnt work like that it just you get money instant without doing any work you need to trade your coins in order to lose or gain. but overall trading is just like gambling because your risking your money to lose.

i am not agree with this because as long we have the info about the coins in the market, we can make our prediction for the pump or dump of that coins. as long as we can follow what market wants, then i think we are safe and we can make money. and for me, trading is not like a gambling because the both is different and the risk is different too.

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December 30, 2016, 10:44:34 PM
 #1616

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.
trading doesnt work like that it just you get money instant without doing any work you need to trade your coins in order to lose or gain. but overall trading is just like gambling because your risking your money to lose.
The only reason why its became gambling if you dont analyze correctly if you have lack of knowledge and did not do your research, pro traders always rely with situation they always finding good reason why they will invest and what can be the outcome they always have plan b just incase things wont favor them.
although both have the same risk, but i think the only difference is that trading require more knowledge and experience as compare to gambling, as gambling mostly depending on your luck and if you are not lucky then you cannot make good money in gambling.


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GreenBits
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December 31, 2016, 06:15:45 AM
 #1617

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.
trading doesnt work like that it just you get money instant without doing any work you need to trade your coins in order to lose or gain. but overall trading is just like gambling because your risking your money to lose.
The only reason why its became gambling if you dont analyze correctly if you have lack of knowledge and did not do your research, pro traders always rely with situation they always finding good reason why they will invest and what can be the outcome they always have plan b just incase things wont favor them.
although both have the same risk, but i think the only difference is that trading require more knowledge and experience as compare to gambling, as gambling mostly depending on your luck and if you are not lucky then you cannot make good money in gambling.
Yeah in trading you must have skill to predict prices and be patient all the time but in gambling ypu must need a luck of every game to earn.

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December 31, 2016, 06:43:30 AM
 #1618

until now I have different views about it. gambling and trading was similar but not identical. that is, you can both earn so much money in a relaxed way, but, gambling and trading is a risk that is completely different. I might still prefer to play the trading of the gambling to make money, because it has a small enough risk.

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December 31, 2016, 01:46:53 PM
 #1619

Good traders take many losses; they admit they are wrong and keep the damage small. Not having to win on every trade and taking losses when conditions indicate they should is what allows them to be profitable over many trades.

This is key factor and prime difference in trading and gambling you can in trading if you invested bad return some amount of money invested in gambling you will or lose no withdrawal in middle.

Key factor is to be good in what you do not to go for greed as many do in both trading and gambling.
trading doesnt work like that it just you get money instant without doing any work you need to trade your coins in order to lose or gain. but overall trading is just like gambling because your risking your money to lose.
trading is a profession while gambling is an activity, which consider as illegal activity by some religion, some countries also do not consider gambling as legal activity and they even bane on such activities.

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SparkedDev
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December 31, 2016, 01:53:56 PM
 #1620

Trading can't really be considered gambling.
Coin trading is an investment which is meant to earn from.
Gambling is entertainment and you should just assume you're going to lose.



.
.BITVEST DICE.
HAS BEEN RELEASED!


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