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Author Topic: Do you consider trading as gambling?  (Read 45247 times)
stepwilli
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July 03, 2016, 12:57:57 PM
 #521

Just like what I said here: https://bitcointalk.org/index.php?topic=1290215.msg15453353#msg15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.
This might be the reason of approaching your trading to test your luck. You need to have some skills to make profits from trading. Other wise, you will end up in finding your trading similar to gambling. I am not ready to accept trading as gambling.


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July 03, 2016, 12:59:16 PM
 #522

Trading is NOT gambling. There is no house edge in trading and you have a decent chance of Making money in the long run

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July 03, 2016, 01:06:01 PM
 #523

yeah i think so you can risk your money in trade because you don't know what the price will grow or not that is why it can be gambling there is no way you will have 100% chance to make profit even if it is 99% so it is gambling.

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July 03, 2016, 01:14:09 PM
 #524

Trading is NOT gambling. There is no house edge in trading and you have a decent chance of Making money in the long run

But if you are unlucky and invest into dead coin than it is very similar to gamble and it have same risk while we are playing on any casino, that is true there is no house edge exist but we have so many example of scam coins.
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July 03, 2016, 03:53:40 PM
 #525

Trading is NOT gambling. There is no house edge in trading and you have a decent chance of Making money in the long run

But if you are unlucky and invest into dead coin than it is very similar to gamble and it have same risk while we are playing on any casino, that is true there is no house edge exist but we have so many example of scam coins.
You shouldn't just simply invest/trade just any altcoin and hope to make profits, you should research before investing/trading whether it be an altcoin/bitcoin or any stock.

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July 03, 2016, 03:56:13 PM
 #526

Trading is gambling especially for noob or unskilled traders. Only massive whales really know which way the market will go because they can control it.


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July 08, 2016, 04:52:26 AM
 #527

Just like what I said here: https://bitcointalk.org/index.php?topic=1290215.msg15453353#msg15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.
This might be the reason of approaching your trading to test your luck. You need to have some skills to make profits from trading. Other wise, you will end up in finding your trading similar to gambling. I am not ready to accept trading as gambling.

well said, in trading we really need more education before you start trading because if not that is also the same result in gambling, you trade without learning. and you will end up losing money. But don't think that trading is similar to gambling.



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July 08, 2016, 05:05:05 AM
 #528

Trading is gambling especially for noob or unskilled traders. Only massive whales really know which way the market will go because they can control it.



Yes but sometimes a whale cannot do it himself. He need another whale if he wants a bigger movement. I love trading more. If price falls I still some to get back unlike gambling.

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July 08, 2016, 05:48:47 AM
 #529

I do consider trading as a gambling because you can win and you can lose here. I prefer trading than Dice, Sportsbetting or any type of gambling because in trading you will lose but you will not lose all your Bitcoin or Money. Unlike on other type of gambling if you bet 1 Bitcoin and if that bet lose you will not get it back unless you bet again.


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July 09, 2016, 12:16:39 AM
 #530

no there is a big difference between gambling and trading. we cannot consider trading as gambling. we can depend on trading for living but we cannot depend on gambling for living. trading is legal her in our country  gambling is illegal in our country.
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July 09, 2016, 12:51:10 AM
 #531

Of course no my friend. Through a proper strategy and a solid money management you can ensure a consistent profitability in any market, and I know of what I speak because I have kept an excellent performance for more than five years as a forex trader.


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July 09, 2016, 01:00:58 AM
 #532

no there is a big difference between gambling and trading. we cannot consider trading as gambling. we can depend on trading for living but we cannot depend on gambling for living. trading is legal her in our country  gambling is illegal in our country.

Yes, that is true. Trading and gambling both are different but if anyone go for day trading than both will be same because in day trading there is no strategies will work always but only luck will bring money in trading. So don't ever do day trading, it is almost equal to gambling.
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July 09, 2016, 01:01:13 AM
 #533

Of course no my friend. Through a proper strategy and a solid money management you can ensure a consistent profitability in any market, and I know of what I speak because I have kept an excellent performance for more than five years as a forex trader.
wow any guide for free sir? just wanna learn some insight aside from studying just got curious doing it for 5 years
maybe you already relies from your earnings good luck sir.

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July 09, 2016, 02:04:55 AM
 #534

In my opinion trading and gambling are the same but with difference in risks , the risk in trading is less than gambling ,you van lose all your money in gambling with one bet , but when you trade you can lose a part of money not all .
i consider trading as gambling , both are a wasting of time and money .

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July 09, 2016, 03:08:43 AM
 #535

trading and gambling are very different from each other. trading is a mind game while gambling is only luck based. if you have enough planning and thinking power, you can earn good profits from trading but without luck nothing can help you to win in gambling.
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July 09, 2016, 03:36:57 AM
 #536

Gambling and trading is not the same in trading you'll just need learning and patient to make profit if you'll not study first before entering trading you will end up loosing not like gambling its all about luck ,
It would be stupidity to consider trading as gambling. Trading is a business where you need to have knowledge and some skill to make money. It mostly depends on you effort and hard work. But gambling is a complete different story you are just using your money to check your luck. You can easily win or lose in gambling unlike trading.

Omg finally someone understand. Yes it is like betting both you can research and study and understand how markets and things work. Otherwise why can you study trading if its just gambling ? Yes it is risky but the more you know the less the risk. Gambling is like shooting a gun with no sight, trading or betting is like a gun with a sight, I't has direction.

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Erza
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July 09, 2016, 03:46:14 AM
 #537

no there is a big difference between gambling and trading. we cannot consider trading as gambling. we can depend on trading for living but we cannot depend on gambling for living. trading is legal her in our country  gambling is illegal in our country.

Yeah may be that is true but how can you depends on trading for your living cost and everything? Doesnt make any sense to me because all you need is more money to keep on trading mean while if you are not have that kind of money you wont get good profit to pay your living cost? And by gambling all you need is some luck which can lead you to earn some good amount and after win jackpot you can stop playing it anymore, although it is risky thing but sure worth to try
jakelyson
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July 09, 2016, 11:10:19 AM
 #538

Just like what I said here: https://bitcointalk.org/index.php?topic=1290215.msg15453353#msg15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.

You will lose money if you do not use your head and just trade blindly. That is why there is called research and charts. You use them to predict properly and not trade no blindly. If you do that, the risk is lessen and it will not be too much of a gamble. You will be assured of profit for all your trade. Just do your work first before doing trades.


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bbc.reporter
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July 09, 2016, 11:51:45 AM
 #539

Just like what I said here: https://bitcointalk.org/index.php?topic=1290215.msg15453353#msg15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.

You will lose money if you do not use your head and just trade blindly. That is why there is called research and charts. You use them to predict properly and not trade no blindly. If you do that, the risk is lessen and it will not be too much of a gamble. You will be assured of profit for all your trade. Just do your work first before doing trades.

So meaning if a person is not doing his research and just follows what he reads in this forum when he wants to trade altcoins, can that be considered that he is gambling? I think it can be.

danherbias07
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July 09, 2016, 02:08:38 PM
 #540

Just like what I said here: https://bitcointalk.org/index.php?topic=1290215.msg15453353#msg15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.

You will lose money if you do not use your head and just trade blindly. That is why there is called research and charts. You use them to predict properly and not trade no blindly. If you do that, the risk is lessen and it will not be too much of a gamble. You will be assured of profit for all your trade. Just do your work first before doing trades.

So meaning if a person is not doing his research and just follows what he reads in this forum when he wants to trade altcoins, can that be considered that he is gambling? I think it can be.

Yes. Once you put your money in the line for something that is considered as gambling. You dont know what will happen you just got some information in a forum and still not sure if it will really happen. That is how gambling works.

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