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Author Topic: Do you consider trading as gambling?  (Read 46523 times)
daringdiscovered
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September 18, 2016, 01:06:44 PM
 #961

I don't consider trading as gambling. There are risk of loosing money in both even if you are experienced trader. The only difference is level of risk what is extremely high in gambling as you have quickest way of getting result. Trading also goes wrong when you try to gain more profit assuming something will be one way but it goes other way. Difference is clear and they are not same at all.

I agree, gambling is different from trading. In gambling you can get addicted to it because the result or outcome of yoir gambling is very fast. It makes you addicted because you can earn fast in gambling. Unlike in trading, it needs patience to earn profit from it so it won't make you get addicted to it.

   
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mirakal
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September 18, 2016, 01:49:50 PM
 #962

I don't consider trading as gambling. There are risk of loosing money in both even if you are experienced trader. The only difference is level of risk what is extremely high in gambling as you have quickest way of getting result. Trading also goes wrong when you try to gain more profit assuming something will be one way but it goes other way. Difference is clear and they are not same at all.

I agree, gambling is different from trading. In gambling you can get addicted to it because the result or outcome of yoir gambling is very fast. It makes you addicted because you can earn fast in gambling. Unlike in trading, it needs patience to earn profit from it so it won't make you get addicted to it.
Mostly you can easily addicted in gambling because the result is very fast and when you are experiencing loses that is when you start to think of avenging your loses, but in trading, you will not directly lose because it is either you will lose or win a certain percentage of the amount you use in trading.

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September 18, 2016, 02:05:13 PM
 #963

Well, you can consider trading as gambling when you do not make research for the coins you are trading. If you choose proven scamcoins then it is like gambling. You know the price will collapse one time but you do not know when. If you trade serious coins with a constant high liquidity and a proven concept, then I would not consider trading of such coins as gambling imho.

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September 18, 2016, 02:13:29 PM
 #964

Trading and Gambling are both same for me, as both are risky and waste of time, both involves risk of your money, which you can loose at any stage, so its better to stay away from both.
no trading and gambling is not the same, there is so much difference between the two, now doubt both are risky but i think gambling is more risky than trading, if you want to make money and want to do some business you must take the risk and there is no other option with you, so to me trading is a little safe way of earning money as compare to gambling so you should give preference to trading.
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September 18, 2016, 02:17:18 PM
 #965

Trading and Gambling are both same for me, as both are risky and waste of time, both involves risk of your money, which you can loose at any stage, so its better to stay away from both.
no trading and gambling is not the same, there is so much difference between the two, now doubt both are risky but i think gambling is more risky than trading, if you want to make money and want to do some business you must take the risk and there is no other option with you, so to me trading is a little safe way of earning money as compare to gambling so you should give preference to trading.
Well , he has his opinion about trading and gambling and claimed Trading and Gambling is same .
But , gambling is more riskier than trading like you said . In trading , you still can control your money flow and about gambling is just like time bomb before you ended to lose because can't maintain your gameplay.

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September 18, 2016, 02:32:47 PM
 #966

From my perspective, trading  bitcoins or altcoins can be considered  as gambling, with a much  lower level of risk, of course. When i trade i'm researching coins same as some  sports gambler research football  teams. In both cases it's gamble  if you don't have some reliable insider info..
if you compared trading with sports betting yeah it's makes sense both are requiered some research to maximize your chance to win and get profit but if you compare trading with a casino games like blackjack, roulette , lotterry , slots machine , dice etc could you still call it as same thing as trading ? no of course not.

even if you are comparing trading with those gambling games that require skills more than luck like betting on sports, there is still a lot of big differences between gambling and trading.

because although there is so little need to luck in trading, there is a lot of luck needed in gambling even if you are gather information on the sports and making a good bet, you are still risking a lot.
so the point are trading are not gambling . but sometimes in trading you need to gamble on uncertain situation. as most of the times trading are about to predict the price based on multiple factor and gambling morelikely to a pure guessing based on nothing except sports betting of course.

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September 18, 2016, 02:34:14 PM
 #967

No I do not consider trading as gambling, but its risky indeed so for a part it is the same but you are doing something else and due to that I think you cannot compare it with each other.
Its both risky and you should not do it too much.
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September 18, 2016, 03:30:27 PM
 #968

Trading should definitely be considered as gambling as the chances of predicting the outcome is low and this in turn is risky for the trader
You lose some You win some  Undecided

If you are trading blindly or ignoring the charts and the market, then you can consider it a gamble with a low chance of winning. But if you study the charts and the market, then your trades will probably win and make you some profits.  Gambling does not have that, only press the button and pray you win.

Correct, trading without any knowledge would be like the same as gambling but same as you said if you do consider the charts and market news related to it then for sure you might gain a profitable trading but it's not a guarantee since we can't really make consecutive winning trades because as we know price volatility.

Price volatility can be useful if we can ride it. Anyway, if it is bitcoin, just do not panic sell if you bought and the price went down. It will always come back up. It is a sign that you should buy more when the price is falling. If you have the guts to hodl and buy more during price fall, then you will be all profit when it comes back up.

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September 18, 2016, 04:23:06 PM
 #969

Trading should definitely be considered as gambling as the chances of predicting the outcome is low and this in turn is risky for the trader
You lose some You win some  Undecided

If you are trading blindly or ignoring the charts and the market, then you can consider it a gamble with a low chance of winning. But if you study the charts and the market, then your trades will probably win and make you some profits.  Gambling does not have that, only press the button and pray you win.

Correct, trading without any knowledge would be like the same as gambling but same as you said if you do consider the charts and market news related to it then for sure you might gain a profitable trading but it's not a guarantee since we can't really make consecutive winning trades because as we know price volatility.

Price volatility can be useful if we can ride it. Anyway, if it is bitcoin, just do not panic sell if you bought and the price went down. It will always come back up. It is a sign that you should buy more when the price is falling. If you have the guts to hodl and buy more during price fall, then you will be all profit when it comes back up.
same concept with real alt coin project just keep it on hold and do not make any panic when the price seems to fell down its just normal because big players are working on it to shake the market and to take advantage with the weak holders the more you see the price goes down the more you should take a big hold because after that big pump will follow.

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September 18, 2016, 06:41:34 PM
 #970

No I do not consider trading as gambling, but its risky indeed so for a part it is the same but you are doing something else and due to that I think you cannot compare it with each other.
Its both risky and you should not do it too much.
Yes, both having all most same risk. In Gambling off course making profit is not easy. In slot games, it is not possible but in sports betting if you try hard means you can make a profit here. In Trading, i don't know this will give more profit or not. But if you do trading with trustworthy members means you can able to make some profit here. According to me Trading and Gambling both are different.
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September 18, 2016, 07:21:17 PM
 #971

Trading is definitely not the same as gambling.
With gambling you are taking on a high amount of risk on your picks.
With trading you have a more of a sense of that you will get back your initial investment and only lose that amount if you do "choose" risky trades.

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September 18, 2016, 07:53:31 PM
 #972

Trading should definitely be considered as gambling as the chances of predicting the outcome is low and this in turn is risky for the trader
You lose some You win some  Undecided

If you are trading blindly or ignoring the charts and the market, then you can consider it a gamble with a low chance of winning. But if you study the charts and the market, then your trades will probably win and make you some profits.  Gambling does not have that, only press the button and pray you win.

Correct, trading without any knowledge would be like the same as gambling but same as you said if you do consider the charts and market news related to it then for sure you might gain a profitable trading but it's not a guarantee since we can't really make consecutive winning trades because as we know price volatility.
and if you just placing your position due to your prediction and no any updates or possible plan it can really consider as gambling.

But in trading you will at least know that the time is going against you or in your favor while in gambling you only click to bet and do not know that what is going to happen.

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September 18, 2016, 08:40:16 PM
 #973

Trading should definitely be considered as gambling as the chances of predicting the outcome is low and this in turn is risky for the trader
You lose some You win some  Undecided
There is a slight difference though, being a trader you know when to invest and when not to invest while with gambling you never know which game to bet and which not, maybe you know in sports but dice not. So trading can sometimes save you from loss while gambling will always end up in loss less or more.

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September 18, 2016, 08:45:13 PM
 #974

Trading should definitely be considered as gambling as the chances of predicting the outcome is low and this in turn is risky for the trader
You lose some You win some  Undecided

If you are trading blindly or ignoring the charts and the market, then you can consider it a gamble with a low chance of winning. But if you study the charts and the market, then your trades will probably win and make you some profits.  Gambling does not have that, only press the button and pray you win.

Correct, trading without any knowledge would be like the same as gambling but same as you said if you do consider the charts and market news related to it then for sure you might gain a profitable trading but it's not a guarantee since we can't really make consecutive winning trades because as we know price volatility.

I traded once without any knowledge (with free accounts on my phone) and lost all within 15 minutes. Grin I didn't even know what the buttons would do on the app. You really do need knowledge for trading, but it's still riskier than actually having a business.
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September 18, 2016, 09:48:33 PM
 #975

Trading should definitely be considered as gambling as the chances of predicting the outcome is low and this in turn is risky for the trader
You lose some You win some  Undecided
There is a slight difference though, being a trader you know when to invest and when not to invest while with gambling you never know which game to bet and which not, maybe you know in sports but dice not. So trading can sometimes save you from loss while gambling will always end up in loss less or more.
there are some differences in gambling and trading. in a gamble when you lose, you will lose all the money you bet, but in trading, if you price does not match the predictions, then the money from the trading that you do only reduced, but not exhausted, and if you do the analysis carefully, you can make your victory become larger

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September 19, 2016, 12:25:10 AM
 #976

Trading actually involves a deep  study, before investing your money  or putting your possession into it... So, for those  people who just listen to one or two articles and then  go straight into trading for  that stocks , would  be more like gambling.
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September 19, 2016, 01:20:29 AM
 #977

Trading actually involves a deep  study, before investing your money  or putting your possession into it... So, for those  people who just listen to one or two articles and then  go straight into trading for  that stocks , would  be more like gambling.

It is true. Anyone invest money in trading based on someone's suggestion is like gambling so don't ever invest money based on some tips. Instead, try to find out the news is correct or not before investing. Many people lost money who invested based on some suggestions and start blaming the tip provider.
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September 19, 2016, 02:46:11 AM
 #978

Trading actually involves a deep  study, before investing your money  or putting your possession into it... So, for those  people who just listen to one or two articles and then  go straight into trading for  that stocks , would  be more like gambling.

It is true. Anyone invest money in trading based on someone's suggestion is like gambling so don't ever invest money based on some tips. Instead, try to find out the news is correct or not before investing. Many people lost money who invested based on some suggestions and start blaming the tip provider.
Getting tips from the expert could help in trading but you should not only rely on what they said because you have your responsibility to do the right research before to decide, that is your money that is being use in trading so you should manage it well in order for you to grow your capital.

 
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Caladonian
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September 19, 2016, 03:24:48 AM
 #979

Trading actually involves a deep  study, before investing your money  or putting your possession into it... So, for those  people who just listen to one or two articles and then  go straight into trading for  that stocks , would  be more like gambling.

It is true. Anyone invest money in trading based on someone's suggestion is like gambling so don't ever invest money based on some tips. Instead, try to find out the news is correct or not before investing. Many people lost money who invested based on some suggestions and start blaming the tip provider.
Getting tips from the expert could help in trading but you should not only rely on what they said because you have your responsibility to do the right research before to decide, that is your money that is being use in trading so you should manage it well in order for you to grow your capital.
i agree with you mate even their is insiders tips that provided to you the fluctuation is still unavoidable to better yet to check the project
first before placing your entry tips are good for those who did their homework.

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September 19, 2016, 03:34:22 AM
 #980

Trading actually involves a deep  study, before investing your money  or putting your possession into it... So, for those  people who just listen to one or two articles and then  go straight into trading for  that stocks , would  be more like gambling.

It is true. Anyone invest money in trading based on someone's suggestion is like gambling so don't ever invest money based on some tips. Instead, try to find out the news is correct or not before investing. Many people lost money who invested based on some suggestions and start blaming the tip provider.

It is good to listen to tipster so you can get some idea but the final say should always be yours. Get some tips then verify if the idea is feasible or not. Do not just blindly follow tipster because sometimes it is just a plot for them to earn more. In short, do not be lazy especially if you are in  trading.

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