Is trading just a form of gambling?

[BitNerd]

Do traders know what the fuck they are doing and tend to profit, or are they in reality just gambling? Sorry for my ignorance.

[Amph]

trading is like poker, in the short term it's pure gambling, in the long term if you know what you're doing, there is a +ev to be made

[r0ach]

I've never lost a dime trading Bitcoin in terms of my initial planned entry/exit points yadda yadda, but I don't consider Bitcoin's purpose as trading or gambling.  I currently use Bitcoin as a store of value and keep 0 in the bank because keeping money in a bank account is even more risky to me due to cascading deflationary collapse of fractional reserve fiat when all the debts/loans go bad.  It's a true domino effect that you will have the pleasure of witnessing one day (probably sometime soon) and you're either going to receive a big haircut, withdrawal limits, or forever bank holiday.

This is why we hodl:

The currency system that exists is not run as a function to empower the state.  It was the opposite, the banks took over the state. ... you choose to be a banker's indentured servant on purpose.  Unless you wilfully choose to boycott their system as much as humanly possible, this will always be the case.

Mat's idea of a bright future was the fractional reserve, debt as money systems collapsing, and then him lining up at the table for a second helping of the exact same scam when they clear the board to start anew to steal his money again.  Most people who can understand these issues would likely call him a very dumb person, but he seems to think it's just being practical.  It's only being practical if there are no alternatives.  You are literally choosing to be scammed on purpose when you don't have to be.  Pretty much any option is better than signing up to be Ben Shalom Bernanke's slave on purpose.

[newcoins1978]

Do traders know what the fuck they are doing and tend to profit, or are they in reality just gambling? Sorry for my ignorance.

I do not see trading as a form of gambling because with trading you now that you are getting something back. With gambling you are not sure that you will get something in return.

[BlindedByStick]

This is why we hodl:

Silly c0ckroach, hodling is not trading

OP, trading the way it's done on this board is gambling, usually ruinously unprofitable. There are those who make money trading, but they are usually pretty hooked up.

[groozh]

Gambling is a form of trading if you know what you're doing

[InternationalBankAlliance]

Gambling is a form of trading if you know what you're doing

True enough. If you're the exchange house, for instance

[Junko]

Trading is a game of buying low and selling high and selling high and buying low. All with risk involved.

[gentlemand]

Tricky one to answer really. I'm sure most traders don't think they're gambling. They busily apply all their witchcraft. In a similar way there are gamblers who believe their systems absolve them from the gambling tag too.

[socks435]

I think trading is not a gambling because gambling can give entertainment to people and trading can give only profit and altcoins..
So they are different forms.

[bitdumper]

If you dont know what is happening in the market and cant predict you are gambling else you are trading. Gambling has no stop loss but trading has.

[~Bitcoin~]

No it is not just a form of gambling, in gambling your profit or loss depend upon your luck and the the script used by that gambling site but in trading your skill and sometime the intention of the big whales determine you will go loss or in profit.

[DeathProxyX]

Yes, trade against market and with high leverage with the hope to obtain high profit is the same as gamble!

*Want high profit? PM me!

[alyssa85]

A small group, maybe 10% make genuine profits with genuine skill. The other 90% lose, and they lose money to the 10%. Trading is a zero sum game, it's not possible for everyone to be a winner.

[neochiny]

Do traders know what the fuck they are doing and tend to profit, or are they in reality just gambling? Sorry for my ignorance.

well you can say that trading is a some form of gambling, but it cant be applied to
everyone specially to those who knows what theyre doing when theyre trading.

PS: i dont think this topic belongs in speculation, let know know if im wrong.

[rickadone]

Trading is a game of buying low and selling high and selling high and buying low. All with risk involved.

The risk compared to gambling is comparatively less. We can earn profit or a loss but the entire amount we have invested is not lost unlike gambling where we lose the complete amount we have used to bet.
Risk involved is more in gambling rather than trading.

[richardsNY]

It depends on what kind of trader you are. Experienced traders who understand how the Bitcoin market works are no gamblers. They trade with a good amount of experience. And then we have the YOLO "investors" who buy themselves some coins at whatever price hoping to get a lot profit. They can be seen as gamblers. There is no logic behind their investments.

[techgeek]

Compared to other forms of gambling games thats played, I say it has better odds then some dice site.

Now keep in mind when you say trading, youre basically applying any form of trading.. which is generic term.

If you have your own ways to go about getting price reduced bitcoin then selling on the exchange - then that too is trading.. lol. But assuming we are talking about daytrading so in the price guessing route it is a gamble.

Its basically a guessing game, of when a huge buy order of that comes in.

[fravia]

Do traders know what the fuck they are doing and tend to profit, or are they in reality just gambling? Sorry for my ignorance.

well we can say that it is kinda gambling as you aren't sure that you will get money, and you even have  chance to lose money that you have so we can say it is gambling

but even if it gambling, it needs a lot of skills and knowledge, you have to know a lot how price changes, so even if it gambling it is gambling like poker, not only luck based game

[spazzdla]

Technically EVERYTHING is gambling.