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Author Topic: Do you consider trading as gambling?  (Read 45270 times)
ravens
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June 08, 2016, 06:19:51 AM
 #441

I think that trading is gambling since they both mainly rely on luck.

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June 08, 2016, 06:58:25 AM
 #442

Trading is gambling. Everything is a gamble, actually. Because there will always be a probability that something will fail on every single thing. As for trading, the market is very unpredictable, especially in cryptocurrency. People will try to buy low, then later you notice that everyone is actually dumping the coin already before you can earn a profit.

I have to disagree with you, trading is not gambling. Basically trading requires knowledge about market and ups and downs while gambling is urely based on luck and nothing can be won without luck.

Buts let remember trading is a game of incomplete information also, the more information you have in trading the better trade you should be able to make.  Chess is a game of complete information for example.

Well yes and no
Chess is a game of thinkers. You think ahead with a strategy. The same applies for trading unless you make a stupid choice to just invest in a 'stock'

Gambling however can be diversified in both
- Risky gambling without a real strategy (working strategy):
- Less risky gambling with a clear strategy (like poker)

My understanding with chess is it is a game with complete information and thats why computers cant be beat in this game.  Computers can still beat in trading and poker but i guess some day that wont be the case? still waiting on a computer that can beat high level NLHE though.  I know there are trading computers but the best trading decisions are still made by humans (invest in bitcoin @ 1 penny in 2008 for example).
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June 08, 2016, 07:14:38 AM
 #443

I think that trading is gambling since they both mainly rely on luck.

That is certainly true, but trading is much better than gambling, as trading requires cleverness of such persons, and they are required to always update in every change in order to get good luck. Unlike with gambling, gamblers are only required to always make a bet large enough and eventually they brought out the greedy nature can make them lose big

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June 08, 2016, 07:16:28 AM
 #444

In general trading is comparable to gambling..
But since there are so many factors which influence the price.. its not pure gambling.

Its more about gathering informations and predicting the price.
yeah possibly tarde is a mixture of luck, skill, and knowledge, so trade is not pure on gambling?
because it only uses a little luck? you can not have long-term gains/profit from trade if you just rely on luck dude

You are right. A lot of people happens to profit when they gamble for the first time and they start to believe that they can do it again. But after that, they will end up keep losing.

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June 08, 2016, 07:23:44 AM
 #445

I think that trading is gambling since they both mainly rely on luck.

That is certainly true, but trading is much better than gambling, as trading requires cleverness of such persons, and they are required to always update in every change in order to get good luck. Unlike with gambling, gamblers are only required to always make a bet large enough and eventually they brought out the greedy nature can make them lose big
I think trading is not gambling because trading is kind of buy and sell not like gambling you are betting on the game..
Yeah your right they are same base on luck but gambling is a game and trading is just like a exchanger. you are depending on the price of the coin.
And trading is low risk than gambling..

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June 08, 2016, 07:42:29 AM
 #446

I think that trading is gambling since they both mainly rely on luck.

Not really. I'd say that trading is actually a lot safer than gambling in the sense that you can predict where the market is going to a pretty accurate degree if you know your stuff, although it's hard.

With trading you also don't know the risks and the potentials. So in a sense, it is gambling.
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June 08, 2016, 08:23:19 AM
 #447

Trading is much better than gambling and that is because you can lose more money in gambling than trading and gambling is also more riskier than trading.
You can make more profit in trading as well so that is also nice because the value of Bitcoin started now also to rise.
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June 08, 2016, 08:39:14 AM
 #448

For me they are different, I don't consider trading as gambling. I'm not into gambling but I'm into trading. For me gambling is nothing more than luck and hopes while in trading, you need skills and patience. You can find a good opportunity in trading, buying cheap and selling it at a higher price in the future. All you need is to wait for the perfect timing. In trading, you have a choice whether to buy or to sell unlike in gambling, when you bet/gamble, you will be just hoping to win. IMO Many people enjoy it, not even realizing that the odds are against them. But if they are happy with that, then no worries I think.

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June 08, 2016, 09:24:55 AM
 #449

It is true in trading and gambling exists risks but this doesn't make them equal.There is huge difference in the category of risk involved in both.Gambling is something putting own stake whatever you own.Trading you can follow the trends and analysis help you a lot to make smarter moves.I don't consider them same long and short.
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June 08, 2016, 09:29:06 AM
 #450

Trading and gambling are similar.If you have knowledge of Forex/Stock exchange markets you can easily find similarity and connection between gambling and trading.Trading in these highly Voltaire markets works same way as gambling on these online casinos.In my opinion there is no difference between trading and gambling over all.
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June 08, 2016, 10:50:33 AM
 #451

Trading not if you know what you are doing, but news trading in my opinion is gambling because you are betting against whether there will be good or bad employment numbers or not.

For example, last Friday everybody assumed we would have +150K of jobs or so and it ended up missing by like 100K or so, so that would be considered a gamble which you would of lost.

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June 08, 2016, 11:25:36 AM
 #452

Good idea.For me all online things thats is related to bitcoins and can use bitcoin on it is a gamble,everything is a gamble even just by storing your bitcoins on wallet thats a risk and a gamble because no matter and what time bitcoin price may drop.For me as i said trading is also a gable but not that risk than actual gambling.Because in trading anything may happen,the coin you are holding may drop.
But the altcoins may not drop if you choose them wisely and have a strong reason to rise. For example most of the investors knew that ethereum will be rising and they invested and profited.



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June 08, 2016, 11:50:57 AM
 #453

Good idea.For me all online things thats is related to bitcoins and can use bitcoin on it is a gamble,everything is a gamble even just by storing your bitcoins on wallet thats a risk and a gamble because no matter and what time bitcoin price may drop.For me as i said trading is also a gable but not that risk than actual gambling.Because in trading anything may happen,the coin you are holding may drop.
But the altcoins may not drop if you choose them wisely and have a strong reason to rise. For example most of the investors knew that ethereum will be rising and they invested and profited.

Historically whenever BTC increases in value altcoins drops. And even if BTC is stable or decreasing in value altcoins can still drop in value. The highly value ones like LTC or ETH are a different story but the ones with the small market cap are the worst ones to hold in cold storage.

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June 08, 2016, 11:53:28 AM
 #454

Trading is much better than gambling and that is because you can lose more money in gambling than trading and gambling is also more riskier than trading.
You can make more profit in trading as well so that is also nice because the value of Bitcoin started now also to rise.
indeed it is like what you said on your argument above about gambling had more risk than trading , but do you consider trading as gambling ? because both had same risk factor and both are easy money maker.

for me trading are not gambling , but occasionally and in some case it is needed gambling decision.

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June 08, 2016, 01:05:37 PM
 #455

Trading is much better than gambling and that is because you can lose more money in gambling than trading and gambling is also more riskier than trading.
You can make more profit in trading as well so that is also nice because the value of Bitcoin started now also to rise.

It can be much better but its not instantly better in my eyes, it really depends on how you are gambling or trading.
I think gambling can also be good if you do it on a safe way and make some nice profits.
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June 08, 2016, 02:23:23 PM
 #456

i never consider
I consider trading to be gambling essentially. You are putting money at risk with the hopes of profiting from that trading position later.

If you buy at a certain price, you are betting/gambling that the price will be higher at a later point, at which time you can sell and take your profit/"winnings".

If you sell at a certain price, you are betting/gambling that the price will go lower at a later point, at which time you can buy and thus "profit"/win your bet in the form of having increased your holdings of the thing you are trading/gambling with.

If you sell at lower price than what you bought in for, then you "lost" the bet. Although in trading, selling at a small loss isn't necessarily a totally completely bad thing in certain situations.

i never consider about tradign as gambling because gambling is bad there are to many peopel adicted and i dont want to be addict to there are to many things to do with money instead of gambling so do other things with your life then gambling your money away.
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June 08, 2016, 06:00:05 PM
 #457

Trading is gambling. Everything is a gamble, actually. Because there will always be a probability that something will fail on every single thing. As for trading, the market is very unpredictable, especially in cryptocurrency. People will try to buy low, then later you notice that everyone is actually dumping the coin already before you can earn a profit.
Actually I don't know too how they predict market, but you see everyone said price will be rising around halving time and its actually increasing. So maybe there is some way to analyse the market and get the best profits out if it, but with gambling only luck is needed.
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June 08, 2016, 06:34:57 PM
 #458

if you dont have some reliable insider info, trading alts can be considered as gambling. bitcoin much more predictable but this can be rather self-deception   Grin
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June 08, 2016, 07:05:22 PM
 #459

I think tradingw, in a way, is a form of gambling. You are exposed atw risk and you can't know for sure how is goingw to end, willw you win or will you lose. And the loses can be asw big orw even bigger like in gambling.

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[]
mobnepal
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June 08, 2016, 07:22:03 PM
 #460

I think that trading is gambling since they both mainly rely on luck.
If you don't go through the news about the altcoin or bitcoin at back and only rely on the troll in trading platform than only luck matters but if you can trade with making wise dicision and knowledge about how market will behave with news you will get profit without any risk.

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