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Author Topic: Do you consider trading as gambling?  (Read 45358 times)
mirakal
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August 24, 2016, 07:32:12 AM
 #721

I see no difference between trading and gambling. I think the only difference is the time frame. In gambling, you can get your results in an instant. While in trading, you can wait for days/weeks before you sell your coin. The instant of you selling your coins in trading will decide if you get profit and how much or you get less than what you've invested. Nevertheless, trading would always be better than gambling because you can do tons of research first about a coin before you invest on it.
I see somehow there is a similarity in trading and gambling because there are gambling games can be studied or research to gain some knowledge that can be useful for you to get the advantage, and I am saying sports betting gives you that opportunity. In addition, sports betting provide a leverage for the bettors to do sports arbitrage which has no risk which will guarantee you a win everytime.

Yeah but how can dice be researched and studied? Its pretty much basic probability. Only method that doesn't quite work well is martingale and usually leaves most gamblers with no BTC after they hit a huge losing streak.

Sport betting is the only game that you could study the probabilities of such games. With that you could lessen the risk and would win that bet but dont forget that you also need luck in able to win because no matter how good your team is but luck doesnt  support you then its a sure lose. Dice is a matter of luck game and martingale is busted  already for a long time which is not ideal to use already.
Let us take dice the picture because it is hard to compare dice against trading. Sports betting and trading has a similarity as sports betting can be called like sports investing sometimes, I am pretty sure you guys here of betfair for sports arbitrage.

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August 24, 2016, 09:48:32 AM
 #722

I see no difference between trading and gambling. I think the only difference is the time frame. In gambling, you can get your results in an instant. While in trading, you can wait for days/weeks before you sell your coin. The instant of you selling your coins in trading will decide if you get profit and how much or you get less than what you've invested. Nevertheless, trading would always be better than gambling because you can do tons of research first about a coin before you invest on it.
I see somehow there is a similarity in trading and gambling because there are gambling games can be studied or research to gain some knowledge that can be useful for you to get the advantage, and I am saying sports betting gives you that opportunity. In addition, sports betting provide a leverage for the bettors to do sports arbitrage which has no risk which will guarantee you a win everytime.

Yeah but how can dice be researched and studied? Its pretty much basic probability. Only method that doesn't quite work well is martingale and usually leaves most gamblers with no BTC after they hit a huge losing streak.

Yeah, all strategies cannot work on dice because the result is random and give more odds on the house. So to have a steady on dice is to have a really good luck. But it is different in trading, you can study trends, apply techniques and strategies to actually make money. It is not all based on luck but on a careful study of the market.


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August 24, 2016, 09:56:47 AM
 #723

I see no difference between trading and gambling. I think the only difference is the time frame. In gambling, you can get your results in an instant. While in trading, you can wait for days/weeks before you sell your coin. The instant of you selling your coins in trading will decide if you get profit and how much or you get less than what you've invested. Nevertheless, trading would always be better than gambling because you can do tons of research first about a coin before you invest on it.
I see somehow there is a similarity in trading and gambling because there are gambling games can be studied or research to gain some knowledge that can be useful for you to get the advantage, and I am saying sports betting gives you that opportunity. In addition, sports betting provide a leverage for the bettors to do sports arbitrage which has no risk which will guarantee you a win everytime.

Yeah but how can dice be researched and studied? Its pretty much basic probability. Only method that doesn't quite work well is martingale and usually leaves most gamblers with no BTC after they hit a huge losing streak.

Yeah, all strategies cannot work on dice because the result is random and give more odds on the house. So to have a steady on dice is to have a really good luck. But it is different in trading, you can study trends, apply techniques and strategies to actually make money. It is not all based on luck but on a careful study of the market.

in other word, trading is different than gambling. trading is based on learning the market, how we analize the market, when we can buy and when we sell. and gambling is based on luck for the most factor beside of strategies in each of player.

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August 24, 2016, 10:01:52 AM
 #724

Trading is also risky somehow like gambling, but there is some differences , in my opinion. If you study enough the market and having good strategy and experience, you can earning mostly with trading, but gambling depend only in luck

Nope you are wrong because in trading you cant get as much and as fast as gambling but of course you need luck to gamble meanwhile in trading there is no need luck, just some of your huge amount to get fast money
We cannot earn in trading in fast way, when we enter trading we should have patient because it takes some months or years to earn big. But if you know how it works and you have enough patient you should try to trade.



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August 24, 2016, 10:06:40 AM
 #725

Well of course not, in trading you are 100% sure that you will get something, even if less than you bought for, while in gambling you can't be 100% sure that you will get something back, so trading is not even close to gambling.

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August 24, 2016, 10:12:36 AM
 #726

Over certain leverage Trading became Gambling  Undecided. And traders addicted fromd gambling are dangerous: you usually see them in p2p lending  asking for  loan claiming their succes. After receive fund and repay some loans (if they don't loss all in first trade) they increase amount of loan application. Then they risk more, lose all and run away.

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August 24, 2016, 10:14:52 AM
 #727

According to Mr. Wiki, "Gambling is the wagering of money or something of value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods." So I think trading is still a type of gambling since you still don't know the outcome of a pair you trade on even though you have speculation already of where the price will go depending on your strategy but still uncertain. Unlike in pure gambling where you will depend purely on luck and you can't control your money or losses because it's either win or lose all but in trading, you can set a certain price to cut your losses in case the price will not go in your favor.



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August 24, 2016, 10:17:40 AM
 #728

   Anything can be gambling, and trading for me is even more gambling then some other gambling games. Someone is buying alt coin, or bitcoin and someone is expecting rise to sell then, then waiting for lower price. For me its same do you throw dice and expect results, or to buy some coin and wait for price to rise. At least in dices I see result right away, in trading months can pass and nothing to happen.
   With trading people can manipulate, especially rich ones with some skills in economy. I don't like trading, and I would trade only in case someone give me direct information about rise of some coin.
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August 24, 2016, 07:17:57 PM
 #729

Well of course not, in trading you are 100% sure that you will get something, even if less than you bought for, while in gambling you can't be 100% sure that you will get something back, so trading is not even close to gambling.

That is not completely accurate if whatever you were trading crashed down to zero you will not obtain anything out of it.

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August 25, 2016, 03:33:27 AM
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IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.
Well, there are 'gambling' like sports betting that is not purely dependent on luck all the time (I mean to say here, some time sports betting also requires some luck to secure profits).  Most of the time usually sport betting dependent on your betting skills and just how much information you can get on the bets. So, I certainly believe trading always does not behave same as gambling. There are lot of factors to differentiate both.

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August 25, 2016, 04:00:41 AM
 #731

IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.
Well, there are 'gambling' like sports betting that is not purely dependent on luck all the time (I mean to say here, some time sports betting also requires some luck to secure profits).  Most of the time usually sport betting dependent on your betting skills and just how much information you can get on the bets. So, I certainly believe trading always does not behave same as gambling. There are lot of factors to differentiate both.


i believe gambling is what you can not predict, so trading is not gambling but it is not as long as "you" can predict things but for some people who lack this ability it becomes more than a gamble to try trading. and the same thing is true about sports betting. if you can predict the result of the match it is less of a gamble.

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August 25, 2016, 04:11:18 AM
 #732

IMO gambling is gambling as long as it's purely depending on luck and no support for it on other aspects "knowing methods of trading, best methods and ways to earn, specific market analysis", if the trader doesn't know these then it's merely gambling.
Well, there are 'gambling' like sports betting that is not purely dependent on luck all the time (I mean to say here, some time sports betting also requires some luck to secure profits).  Most of the time usually sport betting dependent on your betting skills and just how much information you can get on the bets. So, I certainly believe trading always does not behave same as gambling. There are lot of factors to differentiate both.


i believe gambling is what you can not predict, so trading is not gambling but it is not as long as "you" can predict things but for some people who lack this ability it becomes more than a gamble to try trading. and the same thing is true about sports betting. if you can predict the result of the match it is less of a gamble.

In gambling only in sports betting, we can predict the results, and rest of all games just depend on our luck. In trading, if we have a knowledge of market price and if we can able to analyze the price variation in the market, then trading is a good method to make money. SO both trading and gambling are different. But the risk is same on both sides.
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August 25, 2016, 04:26:00 AM
 #733

  Anything can be gambling, and trading for me is even more gambling then some other gambling games. Someone is buying alt coin, or bitcoin and someone is expecting rise to sell then, then waiting for lower price. For me its same do you throw dice and expect results, or to buy some coin and wait for price to rise. At least in dices I see result right away, in trading months can pass and nothing to happen.
   With trading people can manipulate, especially rich ones with some skills in economy. I don't like trading, and I would trade only in case someone give me direct information about rise of some coin.

Litter bit same thing both of them, but i don't think that trading is more than gambling. I think gambling is more difficult than trading, because gambling is total risky game, where we invest our amount and if we loss than nothing come back, but in trading if we lose than we can save our actual amount.

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August 25, 2016, 05:28:28 AM
 #734

  Anything can be gambling, and trading for me is even more gambling then some other gambling games. Someone is buying alt coin, or bitcoin and someone is expecting rise to sell then, then waiting for lower price. For me its same do you throw dice and expect results, or to buy some coin and wait for price to rise. At least in dices I see result right away, in trading months can pass and nothing to happen.
   With trading people can manipulate, especially rich ones with some skills in economy. I don't like trading, and I would trade only in case someone give me direct information about rise of some coin.

Litter bit same thing both of them, but i don't think that trading is more than gambling. I think gambling is more difficult than trading, because gambling is total risky game, where we invest our amount and if we loss than nothing come back, but in trading if we lose than we can save our actual amount.
Well, with your idea I would agree with you that gambling is more difficult than trading. Gambling is easy to play but difficult to win while trading is hard to do since you need to spend time analyzing so it is not simple but our chances to have income is better.



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Caladonian
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August 25, 2016, 06:07:05 AM
 #735

  Anything can be gambling, and trading for me is even more gambling then some other gambling games. Someone is buying alt coin, or bitcoin and someone is expecting rise to sell then, then waiting for lower price. For me its same do you throw dice and expect results, or to buy some coin and wait for price to rise. At least in dices I see result right away, in trading months can pass and nothing to happen.
   With trading people can manipulate, especially rich ones with some skills in economy. I don't like trading, and I would trade only in case someone give me direct information about rise of some coin.

Litter bit same thing both of them, but i don't think that trading is more than gambling. I think gambling is more difficult than trading, because gambling is total risky game, where we invest our amount and if we loss than nothing come back, but in trading if we lose than we can save our actual amount.
Well, with your idea I would agree with you that gambling is more difficult than trading. Gambling is easy to play but difficult to win while trading is hard to do since you need to spend time analyzing so it is not simple but our chances to have income is better.
yeah by knowing what would be the flow or movements of certain alt or whatever you are trading that will gives you more edge to earn while in gambling your chances always rely from your luck and that's very  difficult to asses.

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August 25, 2016, 06:13:59 AM
 #736

  Anything can be gambling, and trading for me is even more gambling then some other gambling games. Someone is buying alt coin, or bitcoin and someone is expecting rise to sell then, then waiting for lower price. For me its same do you throw dice and expect results, or to buy some coin and wait for price to rise. At least in dices I see result right away, in trading months can pass and nothing to happen.
   With trading people can manipulate, especially rich ones with some skills in economy. I don't like trading, and I would trade only in case someone give me direct information about rise of some coin.

Litter bit same thing both of them, but i don't think that trading is more than gambling. I think gambling is more difficult than trading, because gambling is total risky game, where we invest our amount and if we loss than nothing come back, but in trading if we lose than we can save our actual amount.
Well, with your idea I would agree with you that gambling is more difficult than trading. Gambling is easy to play but difficult to win while trading is hard to do since you need to spend time analyzing so it is not simple but our chances to have income is better.
yeah by knowing what would be the flow or movements of certain alt or whatever you are trading that will gives you more edge to earn while in gambling your chances always rely from your luck and that's very  difficult to asses.


Have knowledge on trading would give you the edge but it's not easy to choose coins since you need research and good technical and analytic skills with that. Trading isn't easy as it sounds but at least you could learn the important things so that you would be profitable in this matter. Agree, gambling doesn't even guarantee profits and it's only a matter of luck just like anything have said here.


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Fadri
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August 25, 2016, 06:44:12 AM
 #737

I see no difference between trading and gambling. I think the only difference is the time frame. In gambling, you can get your results in an instant. While in trading, you can wait for days/weeks before you sell your coin. The instant of you selling your coins in trading will decide if you get profit and how much or you get less than what you've invested. Nevertheless, trading would always be better than gambling because you can do tons of research first about a coin before you invest on it.
I see somehow there is a similarity in trading and gambling because there are gambling games can be studied or research to gain some knowledge that can be useful for you to get the advantage, and I am saying sports betting gives you that opportunity. In addition, sports betting provide a leverage for the bettors to do sports arbitrage which has no risk which will guarantee you a win everytime.

We can consider trading as gambling since the complexity of trading that so hard to predict, as the result we can get profits or loss our capital. I agree that in gambling you can do some research first before betting, like in sports betting. It provide better chance to win, not only depend on luck but we can look at the history, condition and guess which one will win.
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August 25, 2016, 06:51:00 AM
 #738

Maybe? I think there are many difference between gambling & trading for example, Trading needs to be patience while the gambling
you need more luck. Otherwise if you don't have patience highly recommended not to trade!
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August 25, 2016, 06:59:51 AM
 #739

Maybe? I think there are many difference between gambling & trading for example, Trading needs to be patience while the gambling
you need more luck. Otherwise if you don't have patience highly recommended not to trade!
Same way if you find yourself unlucky, it would be better to stay away from gambling. But many similarities from trading and gambling usually confuse  people to go for both in a same manner. But a proper education on these two might give positive results for all people. But basically we should not approach gambling and trading as a similar things. Both need different skill and approach.

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chaser15
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August 25, 2016, 07:09:18 AM
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Have knowledge on trading would give you the edge but it's not easy to choose coins since you need research and good technical and analytic skills with that. Trading isn't easy as it sounds but at least you could learn the important things so that you would be profitable in this matter. Agree, gambling doesn't even guarantee profits and it's only a matter of luck just like anything have said here.

If a person really wants to learn more about trading, whether for bitcoin or altcoin trading, they must put themselves in a study to gain knowledge. By everyday doing of trades, they will build experience that can help them do trading for a long term.

And agree with the last part of your statement, gambling is purely on luck but it excludes all the strategy based games.


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