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Poll
Question: Do you trade as well or just gamble?  (Voting closed: July 25, 2016, 03:11:52 AM)
Gamble Only - 3 (8.8%)
Trade Only - 7 (20.6%)
Both - 15 (44.1%)
Gamble More - 2 (5.9%)
Trade More - 7 (20.6%)
Total Voters: 34

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Author Topic: Trading vs Gambling  (Read 24497 times)
oktana
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July 21, 2017, 03:09:11 PM
 #921

We can not equate gambling with trading because it is so different. Gambling only relies on 99% luck. But for trading we can use analysis and many things that make us no loss
Gambling depends 100% on luck unless you are playing skill games.
But yes, for trading you need to wait for price to go down, buy coins and wait for price to go up and sell coins.
You can't do that in gambling, you place your bet and hope for best.

The margin call feature in trading is also entirely for luck, but in general there is a fundamental difference between trade and gambling, trading requires us to speculate more with analysis, whereas in gambling we are purely speculated in a short period of time. It depends on people who like to think fast or they think by using fundamental analysis.



 

 

 

 

 

 


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July 21, 2017, 08:49:35 PM
Last edit: July 25, 2017, 03:29:10 AM by wahb
 #922

We can not equate gambling with trading because it is so different. Gambling only relies on 99% luck. But for trading we can use analysis and many things that make us no loss
Gambling depends 100% on luck unless you are playing skill games.
But yes, for trading you need to wait for price to go down, buy coins and wait for price to go up and sell coins.
You can't do that in gambling, you place your bet and hope for best.
I think even in trading we also depend on our luck. although in trading we have a little chance to use our  experience and skill but but still luck is also play important part in our life, so if a person is lucky he will make good profit from trading bitcoin but if he is not lucky then he cannot make money even from trading, to me our experience and knowledge only increase the chances of making money from trading.
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July 21, 2017, 09:33:01 PM
 #923

Well for me I like both but do prefer gambling on sports as I bet most days and seem to do much better then day trading which I have since given up on as I lost some BTC day trading so now I just stick to buying coins for the long term and just wait for them to go up to make my profit. 

Gambling on sports is a bit safer though as you can practically know how each team or individual plays his game before staking a bet unlike casinos and other quick killer gambling games. Trading in the other hand is safe because you have parameters that you can set to guide your investments and so if there's any decline you'll not completely loose out.

but if we don't have skill in sports then its the same as we are prepare to losing our money. only people which have good skill in sports that can win. this is the same as trading, if we don't have skills in trading, then we can not make profit. but i am prefer to do trading than playing gambling because i want to make money in trading.

I agree with you, though I believe trading is about information gathering, so I think we better have skill on picking the best information made available to us through researches.  I also believe that there is a huge difference between gambling and trading in terms of risk management.  The difference is that, in trading we can nullify risk while gambling does not have that option.
In trading we can minimize our risk but we cannot ever eliminate it since we are unable to predict everything that may happen that could change abruptly the price of a stock or a coins we are trading, if the stock market collapses tomorrow out of the blue then that is a risk it was impossible to avoid.

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July 21, 2017, 10:55:55 PM
 #924

iprefer both because financially i can make a good profit from these two and also bitcoin trading is not that a tough job so i can manage it easily. playing gambling at full potential can lead you to make more money. but if you're hesistating at first don't try to make money because you will just lose all your money. without faith on yourself will lead always to be a loser.
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July 21, 2017, 11:52:23 PM
 #925

iprefer both because financially i can make a good profit from these two and also bitcoin trading is not that a tough job so i can manage it easily. playing gambling at full potential can lead you to make more money. but if you're hesistating at first don't try to make money because you will just lose all your money. without faith on yourself will lead always to be a loser.
Mine honestly i can even make any profit in gambling much better in trading i can make profit but in gambling its impossible to me to make any profit that is why i just gamble for fun and i know that what will be happen in the end so i gamble that i can afford to lose..
Unlike trading that you can hold for a long time and sell them when the price is high..  this way you can make more profit because you can hold them for a long time unlike in gambling if you addicted and you can control your greed you will be lose..

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July 22, 2017, 04:00:30 AM
 #926

iprefer both because financially i can make a good profit from these two and also bitcoin trading is not that a tough job so i can manage it easily. playing gambling at full potential can lead you to make more money. but if you're hesistating at first don't try to make money because you will just lose all your money. without faith on yourself will lead always to be a loser.
that's right without believing and encouragement you will just be stress up and instead of enjoying it you will suffer after you lose better to make sure
that you are just using an amount that you are willing to forget investing and gambling both have risk so better to make sure that you are ready to
take gamble.
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July 22, 2017, 04:14:30 AM
 #927

Trading bitcoin (like Forex) is almost the same as gambling IMO, unless you do it with effort and analysis, it might even be very hard for newbies to do analysis from my previous experience and more of gamblers rather than traders.
Of course trading is better than gambling, it's just common sense considering gambling is trading but with negative odds (house edge).

Trading is similar to gambling but they are not totally similar. They have still some differences, we are just talking about the risk that we may take in trading and gambling. If you want to be safe with your bitcoins and you want to earn slowly but surely then you may choose to go with trading. But if you want fast way of earning, go for gambling.
In general, trading is not similar to gambling at all. Although that does depend on the game. Poker can be similar to trading, since it involves a psychological aspect. But traditional "gambling" games are nothing like trading, unless the "trader" has no clue what he's doing and trading blindly.

I don't understand why poker is the only game you compared with trading as similar activities. They have both risk and needs extensive way of thinking and in that way that's making me and others believe they have similarity but has still some differences that makes it not totally and completely the same.
Poker was just one example. Poker involves many factors that influence the outcome of the game, just like trading does. Rolling dice however, is just flat-out chance, at least if you're not rolling a physical die that you have practiced throwing for years on end.
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July 22, 2017, 05:06:54 AM
 #928

Trading bitcoin (like Forex) is almost the same as gambling IMO, unless you do it with effort and analysis, it might even be very hard for newbies to do analysis from my previous experience and more of gamblers rather than traders.
Of course trading is better than gambling, it's just common sense considering gambling is trading but with negative odds (house edge).

Trading is similar to gambling but they are not totally similar. They have still some differences, we are just talking about the risk that we may take in trading and gambling. If you want to be safe with your bitcoins and you want to earn slowly but surely then you may choose to go with trading. But if you want fast way of earning, go for gambling.
In general, trading is not similar to gambling at all. Although that does depend on the game. Poker can be similar to trading, since it involves a psychological aspect. But traditional "gambling" games are nothing like trading, unless the "trader" has no clue what he's doing and trading blindly.

I don't understand why poker is the only game you compared with trading as similar activities. They have both risk and needs extensive way of thinking and in that way that's making me and others believe they have similarity but has still some differences that makes it not totally and completely the same.
Poker was just one example. Poker involves many factors that influence the outcome of the game, just like trading does. Rolling dice however, is just flat-out chance, at least if you're not rolling a physical die that you have practiced throwing for years on end.

Well do have any other gambling games in mind dude that compares to trading other than poker? It's not surprising that poler gets compared to trading all.the time because it is the closest gambling game to trading in a lot of aspects. Luck plays a part but not entirely and it would be how you understand what you're doing that would dictate the outcome. The risks are there but both have calculated risks that can be minimized by experience. The more experience you have the bigger chanve of you getting the result you want. Aside from poker and sports betting, there really aren't any gambling games comes close to trading.


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July 22, 2017, 05:24:03 AM
 #929

We can not equate gambling with trading because it is so different. Gambling only relies on 99% luck. But for trading we can use analysis and many things that make us no loss
Gambling depends 100% on luck unless you are playing skill games.
But yes, for trading you need to wait for price to go down, buy coins and wait for price to go up and sell coins.
You can't do that in gambling, you place your bet and hope for best.
I think even in trading we also depend on our luck. although in trading we have a little chance to use our  experience and skill but mostly in trading we depend  on our luck.
I don't agree because in trading the most of our moves and investing is depending on our own knowledge and skills use in trading. Luck if we depend on it its just buying of any altcoins then hoping that luck will make us win which is not .


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July 22, 2017, 04:26:20 PM
 #930

iprefer both because financially i can make a good profit from these two and also bitcoin trading is not that a tough job so i can manage it easily. playing gambling at full potential can lead you to make more money. but if you're hesistating at first don't try to make money because you will just lose all your money. without faith on yourself will lead always to be a loser.
that's right without believing and encouragement you will just be stress up and instead of enjoying it you will suffer after you lose better to make sure
that you are just using an amount that you are willing to forget investing and gambling both have risk so better to make sure that you are ready to
take gamble.
mate Molsewid you have a good experience in both trading and gambling and it is not advisable that the gamblers and traders that will read your post will follow you and aim like that .
very few people only who earned in gambling so many people got worst of aiming to bet and win. In trading is much hard if you are a hard time gambler .Gambli g is a good practice pf perseverance and co trolling emotion but if it only use in a good way . right move wrong mindset will not have a result .

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July 25, 2017, 05:26:19 AM
 #931

iprefer both because financially i can make a good profit from these two and also bitcoin trading is not that a tough job so i can manage it easily. playing gambling at full potential can lead you to make more money. but if you're hesistating at first don't try to make money because you will just lose all your money. without faith on yourself will lead always to be a loser.
that's right without believing and encouragement you will just be stress up and instead of enjoying it you will suffer after you lose better to make sure
that you are just using an amount that you are willing to forget investing and gambling both have risk so better to make sure that you are ready to
take gamble.
mate Molsewid you have a good experience in both trading and gambling and it is not advisable that the gamblers and traders that will read your post will follow you and aim like that .
very few people only who earned in gambling so many people got worst of aiming to bet and win. In trading is much hard if you are a hard time gambler .Gambli g is a good practice pf perseverance and co trolling emotion but if it only use in a good way . right move wrong mindset will not have a result .

Gambling and trading are good ways to earn money if you just do your homework and hone your skills to make it a killing. Although, I now prefer trading over gambling because the latter is just so risky compared to the former.
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July 25, 2017, 05:30:50 AM
 #932

We can not equate gambling with trading because it is so different. Gambling only relies on 99% luck. But for trading we can use analysis and many things that make us no loss
Gambling depends 100% on luck unless you are playing skill games.
But yes, for trading you need to wait for price to go down, buy coins and wait for price to go up and sell coins.
You can't do that in gambling, you place your bet and hope for best.
I think even in trading we also depend on our luck. although in trading we have a little chance to use our  experience and skill but mostly in trading we depend  on our luck.
I don't agree because in trading the most of our moves and investing is depending on our own knowledge and skills use in trading. Luck if we depend on it its just buying of any altcoins then hoping that luck will make us win which is not .
Yes i agree with you, trading and gambling are different, on trading we can do analisys technical and fundamental to make prediction of price, if we are wrong we can do cut lost, but if on gambling everything depend on the lucky and it will be difficult for be predicted by us, we can not do cut lost too.
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July 25, 2017, 05:42:07 AM
 #933

We can not equate gambling with trading because it is so different. Gambling only relies on 99% luck. But for trading we can use analysis and many things that make us no loss
Gambling depends 100% on luck unless you are playing skill games.
But yes, for trading you need to wait for price to go down, buy coins and wait for price to go up and sell coins.
You can't do that in gambling, you place your bet and hope for best.
I think even in trading we also depend on our luck. although in trading we have a little chance to use our  experience and skill but mostly in trading we depend  on our luck.
I don't agree because in trading the most of our moves and investing is depending on our own knowledge and skills use in trading. Luck if we depend on it its just buying of any altcoins then hoping that luck will make us win which is not .
Yes i agree with you, trading and gambling are different, on trading we can do analisys technical and fundamental to make prediction of price, if we are wrong we can do cut lost, but if on gambling everything depend on the lucky and it will be difficult for be predicted by us, we can not do cut lost too.

Trading is really a good skill to master because aside from you are going to see the entire picture of the market and learn how the market currently heading, you are also learning on the process.
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July 25, 2017, 05:57:13 AM
 #934

We can not equate gambling with trading because it is so different. Gambling only relies on 99% luck. But for trading we can use analysis and many things that make us no loss
Gambling depends 100% on luck unless you are playing skill games.
But yes, for trading you need to wait for price to go down, buy coins and wait for price to go up and sell coins.
You can't do that in gambling, you place your bet and hope for best.

The margin call feature in trading is also entirely for luck, but in general there is a fundamental difference between trade and gambling, trading requires us to speculate more with analysis, whereas in gambling we are purely speculated in a short period of time. It depends on people who like to think fast or they think by using fundamental analysis.

I disagree, because Trading is not about luck and other stuffs that you are thinking like in gambling. Trading is all about risk, but not like in gambling also, because your luck will be depends on the Altcoins that you are going to buy and hold for the long run if the prices is too low for you to sell. Also, you could assure yourself that you could get something in return in Trading, unlike in gambling, you will just going to earn profits if you are lucky enough on gambling.
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July 25, 2017, 10:09:21 AM
 #935

We can not equate gambling with trading because it is so different. Gambling only relies on 99% luck. But for trading we can use analysis and many things that make us no loss
Gambling depends 100% on luck unless you are playing skill games.
But yes, for trading you need to wait for price to go down, buy coins and wait for price to go up and sell coins.
You can't do that in gambling, you place your bet and hope for best.

The margin call feature in trading is also entirely for luck, but in general there is a fundamental difference between trade and gambling, trading requires us to speculate more with analysis, whereas in gambling we are purely speculated in a short period of time. It depends on people who like to think fast or they think by using fundamental analysis.

I disagree, because Trading is not about luck and other stuffs that you are thinking like in gambling. Trading is all about risk, but not like in gambling also, because your luck will be depends on the Altcoins that you are going to buy and hold for the long run if the prices is too low for you to sell. Also, you could assure yourself that you could get something in return in Trading, unlike in gambling, you will just going to earn profits if you are lucky enough on gambling.
True ,trading depends in every crypto that you will going to buy although not all crypto are reliable or have a good long term price it is depending on a massive research before buying .In gambling even you have the skills but not the luck you will not win which is very important in trading even you have no luck but you have skills and knowledge you can earn small or big its a profit.

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July 25, 2017, 10:31:34 AM
 #936

In trade and in gambling there is a risk, but in trade you can analyze and receive a stable income. Gambling is created for entertainment and it is not appropriate to consider them as a means of earning.

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July 25, 2017, 10:42:52 AM
 #937

In trade and in gambling there is a risk, but in trade you can analyze and receive a stable income. Gambling is created for entertainment and it is not appropriate to consider them as a means of earning.
I think there is no stable income for both because both requires you to bet on your prediction, they are both gambling but the difference is in trading you can find relevant information where you can based your prediction. Gambling for me produces fun and I don't think I can make money in gambling like I can in trading so I will always choose trading when it comes to making myself profitable.

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July 25, 2017, 12:53:42 PM
 #938

In trade and in gambling there is a risk, but in trade you can analyze and receive a stable income. Gambling is created for entertainment and it is not appropriate to consider them as a means of earning.

i think in trade there are no stable income because we don't know when the coins is down and up. but in trading we can make income depend on how much we trade and how much the profit we can get. but in gambling, once you are lose, then you can not recover your money again in that day or even in other days so its better doing trading.

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July 25, 2017, 01:06:19 PM
 #939

In trade and in gambling there is a risk, but in trade you can analyze and receive a stable income. Gambling is created for entertainment and it is not appropriate to consider them as a means of earning.

i think in trade there are no stable income because we don't know when the coins is down and up. but in trading we can make income depend on how much we trade and how much the profit we can get. but in gambling, once you are lose, then you can not recover your money again in that day or even in other days so its better doing trading.
Don't after for a stable income but rather focus on earning big time because if you will get that you will definitely not
gonna work anymore if that amount you get will give you satisfaction. In the mind of the trader they think the price will increase much
so they will easily make money on the asset that they bought at a cheap price but it does not happen everyday.

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July 25, 2017, 02:38:23 PM
 #940

In trade and in gambling there is a risk, but in trade you can analyze and receive a stable income. Gambling is created for entertainment and it is not appropriate to consider them as a means of earning.

i think in trade there are no stable income because we don't know when the coins is down and up. but in trading we can make income depend on how much we trade and how much the profit we can get. but in gambling, once you are lose, then you can not recover your money again in that day or even in other days so its better doing trading.
Don't after for a stable income but rather focus on earning big time because if you will get that you will definitely not
gonna work anymore if that amount you get will give you satisfaction. In the mind of the trader they think the price will increase much
so they will easily make money on the asset that they bought at a cheap price but it does not happen everyday.
Yes if we start to earn stable income in trading then we will not do any job to make money. Because here we will be getting money without doing any hard work. People prefer only easy making money. And no business will give you stable income sometimes you will get the loss. And sometimes you will make an unexpected profit that is how this trading will work.
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