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Author Topic: Can trading be considered as gambling??  (Read 21225 times)
FasTroy
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October 22, 2017, 12:25:57 PM
 #941

Trading and gambling are the polls apart as gambling is dependent only on luck and trading involves knowledge, skills and strategies but if you are investing in trading blindly without any knowledge and if you are depending only on luck to make profits from trading then there is no difference between trading and gambling.
You are right mate, Gambling and trading are different in many things, The first is based mostly on luck and you can't and in any time you can lose or win, but when we talk about trading, we talk about skills and experience about altcoins market, If you have a good knowledge about that you can make a great profit unlike from gambling.

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October 22, 2017, 02:30:32 PM
 #942

as far as i am concerned, trading is not gambling . It is true that the risks and the possibilities of winning are similar, that you might get rich if everything goes okay as you can in one second lose everything , but trading is a job , it doesn’t depend on just luck and you have to work hard for it. the difference between trading and gambling is both the amount of effort and investment put into trading.
Risk and possibilities on trading and gambling isnt really similar at all but they are both ways on earning money but the risk level factor isnt really the same.Trading would only be just considered as gambling if you dont have knowledge on doing it and yes gambling would really rely on luck which on trading it doesnt since skills would really matter on this one.
Gambling cannot be learnt while trading can be and risk is involved in every profession or game. Both are poles apart in their nature. Indeed both involve risk and depend upon future predictions but a trading expert can beat his difficulties by communication or rather persuading skills.

This is what trading is all about, buy stuff in low price, sell in high while gambling is putting  money on the machine or some other player.
They are really poles apart when it comes into its nature which is actually true and we do know trading can really give the lifetime opportunity for us to be profitable on forever once we do know on how to be profitable on it.Loses cant really avoided but somehow can be managed and can be lessen. Trading would really be like gambling if you trade without any knowledge.

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October 22, 2017, 03:31:01 PM
 #943

With high risk trades where its very hard to tell the odds like a new coin then I think it is like gambling but I still believe the risk vs reward for trading is lower then for gambling and you can win more trading if you know what you doing and with some luck. Otherwise just stick to traditional gambling and try your luck there. You have just as much chance as anyone else does to win or lose so go for it I say.
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October 22, 2017, 04:19:50 PM
 #944

With high risk trades where its very hard to tell the odds like a new coin then I think it is like gambling but I still believe the risk vs reward for trading is lower then for gambling and you can win more trading if you know what you doing and with some luck. Otherwise just stick to traditional gambling and try your luck there. You have just as much chance as anyone else does to win or lose so go for it I say.

Well yeah you can say that risks involved in trading is similar to gambling's risk. However, I would like to differentiate this from ICOs. I think investing in ICOs are really gambling. Since you are gambling whether or not the developers there are really serious. Most of the time a project just turns scam because the developers just ran with the investments.
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October 22, 2017, 04:54:56 PM
 #945

In both cases we have to risk our money and at the end we get profit or lose. So the input and outputs are same.But Gambling is totally depend on the luck factor whereas trading is based on the knowledge. The main problem is we do trade without analysing the market or on based of our limited knowledge and that is nothing but gambling.

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October 22, 2017, 08:38:36 PM
 #946

I think trading with gambling is 2 different activities, because trading certainly requires the ability and skills in the implementation and in need of accuracy in analyzing market prices, while gambling can be done even without the ability and adequate skills and sometimes hope will be a lucky only.though both are equally risking money to make a profit, but trading has an object in trading while gambling only has money in the bet is not in the trade.
Yeah exactly, too many people misunderstand the intent of these two things. they think trading is like gambling, it's because there is money at stake without thinking another things. for example: in trading we can stop anytime after profit and also vice versa, it's diffrent with gambling we have to wait game finished to know win or lose.

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October 23, 2017, 04:58:19 PM
 #947

We speak about gambling if the largest part of the outcome depends on luck. Hence, if you are a bad trader or make very risky trading decisions with a possible high winning rate, then you are definetely gambling!

On the other hand, if someone is good in playing skill based games, then you can describe his activity as trading.
True, gambling is not confined to the casinos, is about anything you do, if you are relying on good fortune for something to happen then you are gambling if you are relying instead on your experience and skills then you are relying on yourself and a careful analysis of the situation.

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October 23, 2017, 05:15:12 PM
 #948

pure gambling is define as a game of chance,just like playing dice it is uncertain your winning and losing ratio, it is hard to predict your hitting target, the risk is high and you don't know when to recover your loses and its hard to calculate the risk. their are also gambling that required skills and analysis, like poker and sports betting, sometime your are certain of your desired target because you are in control, and you know when to "stop and go" on the game. although we consider trading as a form of gamble the only difference is the time reaction,you can delay your loses and sometime you can test the water for a winning/losing potentials.trading is a gamble with  skills and calculated risk.
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October 23, 2017, 07:59:48 PM
 #949

Yes, Trading is one type of gambling but when compared to gambling it has low risk. In trading, some time prediction work and we can make some good amount of money but in gambling, the prediction will not work always.

It's a gamble because you have to take the risk of putting your coins at stake. And it is why whenever you rare gambling don't forget that you are doing it with risk, that's why deal with caution and not all the time the fate is with you. Sometimes you can get a decent return but not all the time it will be. Make sure that you are ready for whatever will be the outcome when you trade.
that's not , trading should be done with a lot of consideration and you might doing a proper trading. when you do it in random way based on nothing then yeah you are basically not pure trading , but looking for an opportunity to make money instantly through an easy way like making random investment to buy it low and hoping to sell it high , just keep hoping without put a real effort.
Yes, and we shouldn't do trading purely on speculation, there is a lot of effort to be made while reading charts and then the trader makes his mind on either to invest in that coin or to move onto another coin.
i can't avoid that at some point trading might would feel like gambling especially cryptocurrency trading where the parameter on how the price could move up or down are not really clear. it's speculative sometimes but i believe most of the times when you do a deep research about the market , there would be a prediction that so close correct. but in gambling every analysis wouldn't have a real influence to the outcome.

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October 23, 2017, 09:29:22 PM
 #950

I think trading with gambling is 2 different activities, because trading certainly requires the ability and skills in the implementation and in need of accuracy in analyzing market prices, while gambling can be done even without the ability and adequate skills and sometimes hope will be a lucky only.though both are equally risking money to make a profit, but trading has an object in trading while gambling only has money in the bet is not in the trade.
i think if it all involve risk then maybe it can be called a gambling in different way because in trading there ia no always assurance that you can get exactly what you aim. there is what so called an unpredictable result so that situation alone you already gamble.

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October 23, 2017, 11:39:26 PM
 #951

I think trading with gambling is 2 different activities, because trading certainly requires the ability and skills in the implementation and in need of accuracy in analyzing market prices, while gambling can be done even without the ability and adequate skills and sometimes hope will be a lucky only.though both are equally risking money to make a profit, but trading has an object in trading while gambling only has money in the bet is not in the trade.
i think if it all involve risk then maybe it can be called a gambling in different way because in trading there ia no always assurance that you can get exactly what you aim. there is what so called an unpredictable result so that situation alone you already gamble.
Exactly, we are gambling for the results and we make that with our basis that is the speculation and the news that we can read, if we are good in analyzing what that news would possibly bring, it could result to a right prediction and of course we can make money with that. Trading is high risk but it has high reward, so it's like gambling but at least in trading you can improve your strategy as you can based your prediction in the real market status and your knowledge is a very powerful tool to help you achieve a success.

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October 24, 2017, 03:58:38 AM
 #952

We speak about gambling if the largest part of the outcome depends on luck. Hence, if you are a bad trader or make very risky trading decisions with a possible high winning rate, then you are definetely gambling!

On the other hand, if someone is good in playing skill based games, then you can describe his activity as trading.
True, gambling is not confined to the casinos, is about anything you do, if you are relying on good fortune for something to happen then you are gambling if you are relying instead on your experience and skills then you are relying on yourself and a careful analysis of the situation.

People consider trading with gambling, because we face the risk but agree with your points, I also think only those games be consider as trading where we use our skills and experience, because in trading it is normal we do behalf of our skills and experience. But if we think about use of money than trading is more saveable than gambling.   

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October 24, 2017, 05:03:06 AM
 #953

The risks are very different because gambling does not recognize fundamental analysis, gambling is only applicable for short-term analysis, trading is not in a hurry and is not always done in one period unless traders play margins and other options options. It is very clear that trading is different from gambling.

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October 24, 2017, 02:20:09 PM
 #954

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 a gamble but not a form of gambling. Trading is a risk and in itself is a gamble wherein that you can lose or win into some degree which is basically betting on soemthing that you moght not see the outcome clearly. so it is a gamble but not gambling.

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October 24, 2017, 10:19:32 PM
 #955

With high risk trades where its very hard to tell the odds like a new coin then I think it is like gambling but I still believe the risk vs reward for trading is lower then for gambling and you can win more trading if you know what you doing and with some luck. Otherwise just stick to traditional gambling and try your luck there. You have just as much chance as anyone else does to win or lose so go for it I say.
There is almost no chance to win in gambling so if someone wants to make money then they need to trade or invest in new coins, gambling is never going to give you the chance of earning a good amount of bitcoin the same way that investing and trading can.

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October 25, 2017, 05:39:02 AM
 #956

I think trading with gambling is 2 different activities, because trading certainly requires the ability and skills in the implementation and in need of accuracy in analyzing market prices, while gambling can be done even without the ability and adequate skills and sometimes hope will be a lucky only.though both are equally risking money to make a profit, but trading has an object in trading while gambling only has money in the bet is not in the trade.
i think if it all involve risk then maybe it can be called a gambling in different way because in trading there ia no always assurance that you can get exactly what you aim. there is what so called an unpredictable result so that situation alone you already gamble.
Since those are your thoughts and how you see trading, I would not really blame you if you consider trading as gambling cause of course, your action is pretty much a gamble. There is more to trading than just making wrong or right assumptions out of nowhere or just from your thought or what you feel like.

It is not tails or head. You have to learn, you have to be able to analyse and you have to be able to make good quality decisions to be able to win more.

All this you cannot find in gambling. Why do you think there is no trading addiction or why do you think good traders are doing successfully while some people keep cursing the day they started gambling. I believe you should be able to answer those questions yourself.
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October 25, 2017, 02:25:48 PM
 #957

I think trading with gambling is 2 different activities, because trading certainly requires the ability and skills in the implementation and in need of accuracy in analyzing market prices, while gambling can be done even without the ability and adequate skills and sometimes hope will be a lucky only.though both are equally risking money to make a profit, but trading has an object in trading while gambling only has money in the bet is not in the trade.

Don't forget, even with no such ability people still can do trading as well. Meanwhile, not every traders could make an accurate prediction in regard with the price movement. Such traders, who trading with low knowledge and depend solely on their feeling, can be considered as gambler instead of trader.
This is totally true. In gambling, of course, we make decisions blindly and just hoping on luck that it turns in our favor. Sometimes it does, sometimes, it even always feel like luck got tired of our gambling activities. For those who see trading as a way of just assuming price either going up at one point on not, is as good as a gambler.

Also I wonder what some people would feel like if they realize that the little stuff they feel they lost into gambling ended up amounting to something huge in future, would they still keep gambling?
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October 25, 2017, 02:56:24 PM
 #958

With high risk trades where its very hard to tell the odds like a new coin then I think it is like gambling but I still believe the risk vs reward for trading is lower then for gambling and you can win more trading if you know what you doing and with some luck. Otherwise just stick to traditional gambling and try your luck there. You have just as much chance as anyone else does to win or lose so go for it I say.
There is almost no chance to win in gambling so if someone wants to make money then they need to trade or invest in new coins, gambling is never going to give you the chance of earning a good amount of bitcoin the same way that investing and trading can.

Trading and gambling are totally two kinds,the trading is mainly based on skill of the trader and little bit of luck too while in gambling its totally based on luck of a person and little bit of strategies involves in gambling.
A good trader never trades on new coins they will only based on main and popular cryptos in investment they will make an investment and keep it for long time to give good profit.
But in gambling its the profit will come to the next moment no waiting time but the possibility of losing money is higher than earning in gambling.So i think trading and gambling cannot be consider as same.
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October 25, 2017, 03:08:02 PM
 #959

It depends on which type of trade you're in, actually lot of skills required to get success in trading. Partially we can accept that the trading as gambling because along with skills and knowledge luck matters in trading. Once if anybody tastes success while trading by sheer luck they can term it as gambling.
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October 25, 2017, 04:15:56 PM
 #960

In both cases we have to risk our money and at the end we get profit or lose. So the input and outputs are same.But Gambling is totally depend on the luck factor whereas trading is based on the knowledge. The main problem is we do trade without analysing the market or on based of our limited knowledge and that is nothing but gambling.
Things make people consider trading as gambling is because of sometimes you feel everything there is about money game.
I mean you stake your money to predict the price and you stake your money to guess what color appear in roulette for example.
Both staking money and both predicting future right? The difference is only on the process making these predictions.
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