How is trading *not* gambling?

[roadbits]

The difference of a trading and gambling. But both of this is good. Trading is an investment that you want your money back with a high profit and value, and you put your money for the investment and more trade you want. While gambling is make just fun, and just like a game and lottery that whether you win or you lose and you take a risk.You can control and limit your money in a gamble.

Gambling is not good because it just a money waster where you put your money and you waste it by playing their gambling games that are all random system. Gambling is not for people want serious source of bitcoin because it just for people who have extra money and also who want extra fun. If you are looking for a good source of income then stay away in gambling and stay close in trading.

Good suggestion, Gambling is not a good source to make money, Here we are not sure that our investment will come back with profit. Most of the time we lose our investment. But Trading is not like that we can put trust on trading that we can make some profit at the end. And it is not like the lucky game it is a mind game.

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[Mr.grin]

because trading is not making a loss of 100% in some time. when you gamble, then you have to bet money or your precious stuff, and if you lose, then you will lose it. but, in trading, if you predict wrong, then you just lose a little bit of money you bet, or just 50%. maybe that's where the differences in gambling and trading.

[Sled]

The difference of a trading and gambling. But both of this is good. Trading is an investment that you want your money back with a high profit and value, and you put your money for the investment and more trade you want. While gambling is make just fun, and just like a game and lottery that whether you win or you lose and you take a risk.You can control and limit your money in a gamble.

Gambling is not good because it just a money waster where you put your money and you waste it by playing their gambling games that are all random system. Gambling is not for people want serious source of bitcoin because it just for people who have extra money and also who want extra fun. If you are looking for a good source of income then stay away in gambling and stay close in trading.

Good suggestion, Gambling is not a good source to make money, Here we are not sure that our investment will come back with profit. Most of the time we lose our investment. But Trading is not like that we can put trust on trading that we can make some profit at the end. And it is not like the lucky game it is a mind game.

Yes that is true, it is a mind game where we use our mind to play or get profits in that field, we don't use lucks there because lucks is just for the weak persons and those who are lazy because if you really a good investor then you will use your mind to analyze the game properly and make the best out of it and make the biggest profit that you can ever do in doing trading.

[TheGodFather]

How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Gambling sites is controlled by a certain or specific company while Trading is controlled by the traders itself. If the traders will stop trading, the site will be static, while gambling is still on going. They also have similarities as well. For example, predicting what will be the price of the currency for tomorrow in Trading while in gambling, predicting if you will win or lose on that bet.

[CoinThinker]

How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Gambling sites is controlled by a certain or specific company while Trading is controlled by the traders itself. If the traders will stop trading, the site will be static, while gambling is still on going. They also have similarities as well. For example, predicting what will be the price of the currency for tomorrow in Trading while in gambling, predicting if you will win or lose on that bet.

And the other fact is gambling is totally based on the luck and no strategy can help you out in making money out of it whereas in trading if you understand the market well and if you keep an close watch on the price movements then you can make good profits from it.

[deisik]

How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Gambling sites is controlled by a certain or specific company while Trading is controlled by the traders itself. If the traders will stop trading, the site will be static, while gambling is still on going. They also have similarities as well. For example, predicting what will be the price of the currency for tomorrow in Trading while in gambling, predicting if you will win or lose on that bet.

And the other fact is gambling is totally based on the luck and no strategy can help you out in making money out of it whereas in trading if you understand the market well and if you keep an close watch on the price movements then you can make good profits from it

That's the core point of trading as such

And it could be added that if you don't understand the market you are set to lose and fall prey to those who understand the market better. In a zero-sum game it is always so, and Bitcoin could well be considered as such. Moreover, it could be claimed that the chances for a long-term success for an average trader are actually way below 50% (compare that with 1% house edge in a Bitcoin dice casino). I guess it could be proved even mathematically given the number of traders who are earning guaranteed profits (arbitrageurs, insiders, exchanges and their likes)

[geopolisch]

Hard to explain how trading is different from gambling. But here is a thing that just came to my mind, in trading you are all in to make money. But in gambling you do in primarily for fun or entertainment. Making money comes second in gambling. And you can control your losses in trading more than in gambling.

You mean to say both trading and gambling is one thing ?
Most probably you might have met some frustrating situations in trading which would have made yourself to think so. I agree both trading and gambling are completely different things but unfortunately there are sometimes we would have faced gambling things in trading.

[blockrev]

Let's consider Poker & Trading. The two are very similar in that both skill and luck are contributing factors and the more you play, the less luck is a factor.

I've educated myself to a level where I have an edge against the average player pool that's over and above what the house charges us to play the game (the rake or fees).

I don't really even consider poker gambling... it's basically trading on an open market using a bunch of info, odds & psychology to make decisions much like trading.

Gambling against the house... (like market maker trading, poloniex this week or casino games) now that's gambling.

[jonnybravo0411]

Let's consider Poker & Trading. The two are very similar in that both skill and luck are contributing factors and the more you play, the less luck is a factor.

I've educated myself to a level where I have an edge against the average player pool that's over and above what the house charges us to play the game (the rake or fees).

I don't really even consider poker gambling... it's basically trading on an open market using a bunch of info, odds & psychology to make decisions much like trading.

Gambling against the house... (like market maker trading, poloniex this week or casino games) now that's gambling.

If we talk about Bitcoin trade and gambling, and at the same time comparing these two cases, I would like to note only one. In my opinion, the factor of similarity is that a person who engages in both trading and gambling can be influenced, that is, depending on whether or not Other activities.

[Sled]

Let's consider Poker & Trading. The two are very similar in that both skill and luck are contributing factors and the more you play, the less luck is a factor.

I've educated myself to a level where I have an edge against the average player pool that's over and above what the house charges us to play the game (the rake or fees).

I don't really even consider poker gambling... it's basically trading on an open market using a bunch of info, odds & psychology to make decisions much like trading.

Gambling against the house... (like market maker trading, poloniex this week or casino games) now that's gambling.

If we talk about Bitcoin trade and gambling, and at the same time comparing these two cases, I would like to note only one. In my opinion, the factor of similarity is that a person who engages in both trading and gambling can be influenced, that is, depending on whether or not Other activities.

There is a lot of things that we can compare from gambling and trading. Trading is more like a predictable game while gambling is not. So it is clearly not a gambling but they have the thing and that is the risk where they have that risk so you can still have a chance to get a loss from trading and also gambling but overall. Trading is not a gambling because gambling is just a random game and not predictable.

[Ucy]

I was one of those who actually believed Trading was gambling. I did invest in the end after analyzing the market and my investment went through the roof. Gambling is based on luck. Not possible to analyze. Very hard to hit your luck at first try. Most importantly, you have absolutely no control of your investment.

[Japinat]

I was one of those who actually believed Trading was gambling. I did invest in the end after analyzing the market and my investment went through the roof. Gambling is based on luck. Not possible to analyze. Very hard to hit your luck at first try. Most importantly, you have absolutely no control of your investment.

It is gambling but it has a greater chance for anyone compared to gambling where you are dependent on your luck due to some advantage by the gambling sites. Trading is what you called betting against each other and only those who are smart enough will last in the game and will be profitable in the long run. That's my understand, it's based on skills and knowledge so better develop yours if you want to succeed.

[gabmen]

I was one of those who actually believed Trading was gambling. I did invest in the end after analyzing the market and my investment went through the roof. Gambling is based on luck. Not possible to analyze. Very hard to hit your luck at first try. Most importantly, you have absolutely no control of your investment.

It is gambling but it has a greater chance for anyone compared to gambling where you are dependent on your luck due to some advantage by the gambling sites. Trading is what you called betting against each other and only those who are smart enough will last in the game and will be profitable in the long run. That's my understand, it's based on skills and knowledge so better develop yours if you want to succeed.

I agree. It still is a gamble because we don't know what the outcome will be and how the altcoins will move. We can try to follow tips and forecasts but they don't all the time hit they right outcome. So in that aspect, it's close to gambling. Though with proper research and study, we can make favorable results with this gamble that we make

[nicolas1979]

First trading is not gambling, similar yes same no. When you take a position with anger or emotion is gambling in trade, we must focus and stay calm. Control our self with knowledge and patience that called psychology trader, no confuse about anything or something. Don't forget to follow our strategy do not try to change because something happens. Try it slowly but sure, trader is discipline and patience person, not a gambler. Good luck.

[blockrev]

I was one of those who actually believed Trading was gambling. I did invest in the end after analyzing the market and my investment went through the roof. Gambling is based on luck. Not possible to analyze. Very hard to hit your luck at first try. Most importantly, you have absolutely no control of your investment.

Definition: Gambling is the wagering of money or something of value on an event with an uncertain outcome with the primary intent of winning money or material goods.


It's definitely gambling, just a smart profitable version of what most people associate gambling with and it's not smart if you don't know how much profit your making that would be just surfing the wave...  you might even be loosing money with out knowing.. you have to beat BTC if you trade cryptos.

There's still risks of the odds turning against you.. i.e. unexpected outcomes.. like when your an 80% chance to win all in preflop with KK > 99. You make the correct play to get all in.... No matter how good you are there's factors we can't control but that's the luck side of things... If Poloniex went Houdini Mt Gox tomorrow that would be the trading equivalent.

I'm a better poker player than a trader, but I'm improving and a little profitable above BTC.... Just remember you need to be beating BTC otherwise your actually loosing money.

When your poker or trading profit/loss graph looks like BTC previous 3 months - so beating BTC by the same amount it beats down the USD - then you know you ain't just gambling... you're smart gambling.

https://i.imgur.com/NLI3uzU.jpg

[AngelSky]

Gambling is dependent only on luck where as trading is combination of skills and strategies and if you have that then you can make good profits at regular intervals and its much better way of making profits in compare to gambling where the chances of loosing money is too high.

Luck factor work in trading. Just consider you are buying huge number of bitcoin today and suddenly tomorrow bitcoin price increase 500$ means that's the luck factor. Even skill will also provide the way to be away from the scamming attempts.

[Gameroid]

Hard to explain how trading is different from gambling. But here is a thing that just came to my mind, in trading you are all in to make money. But in gambling you do in primarily for fun or entertainment. Making money comes second in gambling. And you can control your losses in trading more than in gambling.

You mean to say both trading and gambling is one thing ?
Most probably you might have met some frustrating situations in trading which would have made yourself to think so. I agree both trading and gambling are completely different things but unfortunately there are sometimes we would have faced gambling things in trading.

yes there is a big difference between trading and gambling, they are really not the same things. in trading we mostly depend on our experience analysis trading skill and knowledge, but in gambling in most of the games we do not depend on these things, but we mostly depend on our luck. so if we are lucky then we can make money in gambling. but it is also a fact that no one can be really so much lucky for every time to make money from gambling so much continuously.

[bouren]

Gambling is a situation involving exactly 50-50 chance of getting either success or failure. Now if you succeed to change 50-50 to even 51-49 through your skills, past experience, knowledge, education, etc. then it no longer remains gambling. It becomes special class of investment called trading which involves speculation about trading items based on skills and knowledge.

[roadbits]

Gambling is a situation involving exactly 50-50 chance of getting either success or failure. Now if you succeed to change 50-50 to even 51-49 through your skills, past experience, knowledge, education, etc. then it no longer remains gambling. It becomes special class of investment called trading which involves speculation about trading items based on skills and knowledge.

It is still gambling, as you don't have 100% control of what's happening. Life on its own, and all the decisions you make, are a gamble. However you can increase your chances of being on the winning stroke while gambling if you do research, get knowledge, know what you are doing, and have a goal and confidence.

This all is missing from the dice gambling, where you are playing against the odds, where no knowledge or skills are required.

So no, trading isn't to be compared with all the casino games, but it surely has a gambling touch to it. It's never risk-free, but is anything in without any risks?

No there is nothing without risk, but only, for this reason, we can't be considered Trading is gambling. We have a lot of thigs to prove that Trading is not gambling. In Trading, if we wait for some time patiently I am sure we will make a profit. But this is impossible in gambling. Here no option for making profit only luck will help us. But in trading, we have many options to make a profit.

[bouren]

Gambling is a situation involving exactly 50-50 chance of getting either success or failure. Now if you succeed to change 50-50 to even 51-49 through your skills, past experience, knowledge, education, etc. then it no longer remains gambling. It becomes special class of investment called trading which involves speculation about trading items based on skills and knowledge.

It is still gambling, as you don't have 100% control of what's happening. Life on its own, and all the decisions you make, are a gamble. However you can increase your chances of being on the winning stroke while gambling if you do research, get knowledge, know what you are doing, and have a goal and confidence.

This all is missing from the dice gambling, where you are playing against the odds, where no knowledge or skills are required.

So no, trading isn't to be compared with all the casino games, but it surely has a gambling touch to it. It's never risk-free, but is anything in without any risks?

No there is nothing without risk, but only, for this reason, we can't be considered Trading is gambling. We have a lot of thigs to prove that Trading is not gambling. In Trading, if we wait for some time patiently I am sure we will make a profit. But this is impossible in gambling. Here no option for making profit only luck will help us. But in trading, we have many options to make a profit.

Exactly. Even if someone breathing and existing on Earth, it involves risk. Nothing in the mighty world works without risk. When we study the elements of 'Business', one point is clearly there-
"Business gives profit to entrepreneur as a reward of risk taking."
Trading is no difference. Though it involves risk but we can't consider it gamble. It is socially accepted mean of making money and consider as legal profession.