butcherboss (OP)
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December 24, 2016, 08:01:56 PM |
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I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??
Please tell me what do you think.
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ajaxmoor
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December 24, 2016, 08:25:59 PM |
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Depends on how you are trading. If you are new to it and don't have much experience, and are trading on your gut, then it will be considered gambling. But trading in general isn't gambling. It requires a lot of analysis.
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BitSat
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December 24, 2016, 08:28:58 PM |
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Most of peoples believe that both are equal mean call trading is also gambling but mostly its not because trading need too many analysis research and business environment but gambling mostly need just luck
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PeRo
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December 24, 2016, 10:12:41 PM |
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It can be considered as gambling in one hand, but in the other hand there are major differences, such as when you lose in gambling you lose it all and in trading you lose the difference between the buying price and the selling price. Gambling is pretty much giving away money to the site or casino and trading is real earning money.
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angaper
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December 24, 2016, 10:13:17 PM |
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I think trading also involves a great level of uncertainty. To become a successful trader it is never enough to acquire some theoretical knowledge about technical indicators as many people think. I personally think that success in trading is achievable but only based on a strong money and risk management rather than on technical knowledge.
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mtnsaa
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December 24, 2016, 10:29:59 PM |
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I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??
Please tell me what do you think.
Honestly depends what you trade. Crypto definitely can be like trading since it's very irrational sometimes and other times is just 100% manipulated. So your technical analysis and intuition won't serve you very much in this case. Yes there's the psychological factor of course but it's just too volatile and speculative. Stock and other forms of trading involves plenty of research, the price of a stock actually correlates to something palpable, earnings, property, offices, products and of course potential. If you are trying to trade crypto, the best thing is to invest medium-long term if you find some interesting projects. Short term or day trading can really go either way, sometimes your technical analysis can make you a few bucks of course, but in my experience it's completely irrelevant.
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tiggytomb
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December 24, 2016, 10:37:23 PM |
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My thoughts are that they both fall into the gambling arena, trading any coin even bitcoin is a risk and a 'gamble'. as easy as you can lose on a horse or sports event you can just as easily lose in trading.
You can win big on both and experience the same buzz, I consider them both to be quite similar and something that can rarely be mastered.
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klf
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December 24, 2016, 10:53:06 PM |
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Most of peoples believe that both are equal mean call trading is also gambling but mostly its not because trading need too many analysis research and business environment but gambling mostly need just luck
If I'm not wrong similar question is already asked on this thread. If one trade without trading knowledge then it will be almost same as gambling and that's why some people thinks it is same. But if one trade with knowledge than they can have better chances of making a profit in trading.
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FlightyPouch
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December 24, 2016, 11:07:31 PM |
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For me trading can be considered as a gambling because of the risks that trading has. Your taking risks from your money. You are hoping and you know that your money will gave you back something. But still they have their difference. Trading is about exchanging and you just wait for your item or prize, in gambling you hope for your money comeback.
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erpbridge
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December 24, 2016, 11:20:54 PM |
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Obviously not. If trading was gambling, then all the wall street offices would shut down after being in loss, because no one will invest money into them if it is considered as trading. There is just risk, which is true for a lot of things in life. Its just not a pure gamble.
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mrcash02
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December 24, 2016, 11:49:30 PM |
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I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??
Please tell me what do you think.
No, sometimes it can be unpredictable like gambling, but it's not the same. Trading has some science involved, there are more chances to make profit than gambling, but for newbies and lay people, gambling can be more profitable, because it depends only of luck. If you don't have the skills of a trader, you will very probably lose money. If you are really skilled like you say, you will have profit on long term, but sometimes you can still lose for a luck event (that exist in trading also).
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roadbits
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December 25, 2016, 12:01:00 AM |
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Obviously not. If trading was gambling, then all the wall street offices would shut down after being in loss, because no one will invest money into them if it is considered as trading. There is just risk, which is true for a lot of things in life. Its just not a pure gamble.
There are plenty of people who has lost everything in trading and only a few individuals who have succeeded in trading. Knowledge is very important in trading but luck is a must factor to support our decisions. Never leverage more money to trade otherwise you may lose everything you have faster than in gambling.
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jackg
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December 25, 2016, 12:25:28 AM |
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I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??
Please tell me what do you think.
Trading is an investment, and with investment there is always risk. This means that it is gambling and is therefore technically gambling. Although it isn't normally instant risk like gambling is. With gambling you can lose large amounts of money quickly, with investing, it's less likely you'll lose everything (you may lose a high proportion of it though).
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SparkedDev
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December 25, 2016, 01:02:39 AM |
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Trading is a lot more safe but in some ways not, In gambling you always tend to know your odds. But in trading there is many factors and you could wake up poor with out any choice of being poor. So as i see it trading is an investment, gambling is entertainment that you for the most part can control how much you lose buy just stopping. In trading if the market is going down there and there isnt enough buy orders you might be stuck trying to dump to cut your loses before someone else does.
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alani123
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December 25, 2016, 01:16:40 AM |
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Bitcoin trading.certainly does share some.characteristics with gambling, perhaps more so than trading for regulated assets does. Manipulation in bitcoin markets is rampant and permitted, so it's safe to say that for one trader to predict market movements, they'd need to have insides knowledge. Other than that, bitcoins price moves by hard Ro predict market forces.
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shintosai
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December 25, 2016, 02:15:16 AM |
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Trading is a lot more safe but in some ways not, In gambling you always tend to know your odds. But in trading there is many factors and you could wake up poor with out any choice of being poor. So as i see it trading is an investment, gambling is entertainment that you for the most part can control how much you lose buy just stopping. In trading if the market is going down there and there isnt enough buy orders you might be stuck trying to dump to cut your loses before someone else does.
for sure if you are not aware with the trade that you are buying with i guess its similar to gambling in that way but as long as you have good knowledge and good position with the assessment that you made for sure you will be able to gain profits from trading unlike gambling you always hoping that luck will be at your side.
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Mlich
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December 25, 2016, 02:23:30 AM |
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Depends on how you are trading. If you are new to it and don't have much experience, and are trading on your gut, then it will be considered gambling. But trading in general isn't gambling. It requires a lot of analysis.
i like the plain simple explanation so this would mean that sports betting and bitcoin trading only become gambling when you playing with your guts and expecting\predicting an outcome likely never to happen ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) otherwise i consider trading as gambling as a result of high uncertainty
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emberbekas
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December 25, 2016, 02:40:30 AM |
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There are a lot of traders out there but only few of them has the good knowledge about trading itself. Hence, for them, trading can be considered as investment. But, for traders that only has a small knowledge or trading based on his/her feeling only, trading can be considered as gambling.
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Japinat
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December 25, 2016, 03:33:06 AM |
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There are a lot of traders out there but only few of them has the good knowledge about trading itself. Hence, for them, trading can be considered as investment. But, for traders that only has a small knowledge or trading based on his/her feeling only, trading can be considered as gambling.
Whether you consider it as investment or gambling, you will still root for profit, so what is important is the outcome of your venture. For sure, you have all the time to analyze your prediction is you are not being lazy when trading, and a trader would be more serious if he put bigger amount of money as his capital in trading and serious serious people have more success rate as they devote their time in trading.
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frendsento
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December 25, 2016, 04:02:57 AM |
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as for me who just starting when it comes to trading I still observe and study the market , investing in one particular coin is very risky for me because I'm not quite sure if it's gonna go up or down , for me it is considered gambling because it involved 'risks'
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