Trading, gambling and binary options. Which one you prefer?

[Mahanton]

I want to say that the problem you faced earlier by jumping up and down different carrier or business is the reason that people in trading businesses don't succeed. They fear losses but don't want to do the right thing by cutting down on risk levels. You can do all of you have knowledge but if not, we can still to the one aspect we have trained ourselves to understand or we quit.
You have been able to put yourself into one aspect and that is good for you.

Knowledge is the most valuable aspect of day to day activities of every person but greed/buzz can jeopardize everything if not put in check.
What I'm trying to say is that having knowledge about something is not enough if ones don't have control over his emotion, affection, buzz and greed level because these are what always leads to the loss of people in the crypto world including the highly experienced investors.

To be honest, I don’t consider gambling as a good source of income.  For me, the most feasible direction for generating income is daily cryptocurrency trading.  Of course, there are certain risks, but nevertheless I know what I trade and what I own.  But this is a separate topic for discussion.  I have never dealt with binary options, but based on individual user reviews, I am afraid of this activity.  It seems to me that putting money into binary options is not a purchase of an asset, but an investment in a binary broker, on which your profit depends.  In other words, you do not own anything at all.

Binary options is just some sort of gambling imho yet you would need to guess on the price either lower or higher on the amount you had entered.
The difference here is that you do able to analyze the charts when predicting prices compared when you do totally gamble up on random basis.
Gambling is never been considered as a viable source of income but rather for entertainment but people do treat on other way that why theyve been
hooked in addiction and in result to loss of money.

[Renampun]

Trading is my expertise...
I don't care about the words of others who say gambling or Binary can get money quickly, I only focus on trading because I have honed my analytical skills in trading

[lienfaye]

For me trading is a reliable way to earn but not as a day trader but for long term holding strategy. I've been doing this for years now and already earned decent amount from it. It requires guts and lots of patience to become a long term holder because not all the time what you expected can happen. On the other side I think gambling should not be treated as a way to earn because its quite risky.

I have not tried binary options so I dont have experience that I can share by doing this.

[Negotiation]

My biggest choice is trade I never worked on gambling or binary options and have no idea about them But I think gambling usually depends on luck. I like to trade from the beginning. I have made a lot of profit by trading long term trade. Now the currency prices are much lower now buying and holding these holdings will bring a lot of profit in the front because prices are likely to rise.

[wozzek23]

You forgot to mention Hodl (long term investment) or is it under trading as well?
Out of the three things you have mentioned I have only been into binary options trading and nothing else.

As for cryptocurrency I just hold and wait for the right time when the price would go up and I will sell my coins and make profit. What people don’t know , they will say that it’s a scam. I have seen lots of people that are saying that binary options are scam, but the truth that these people are the ones that don’t know anything about trading binary options, so they end up losing their money and then say that they were scam lol.

[Janation]

Trading is my expertise...
I don't care about the words of others who say gambling or Binary can get money quickly, I only focus on trading because I have honed my analytical skills in trading

Hope people could learn a thing from you.

A lot of people want to earn money but they don't do things to achieve that, usually people nowadays think that money will approach them but it is the opposite. People should really prefer trading or maybe binary options if you have the capital or money to start with. Always remember that you could lose all of your money in gambling while in trading, you can lose but not all of it but just the percentage of it.

[kamiloos28]

I prefere trading, it's the most profitable and it makes the most sense.
Gambling is not meant to make profit but for fun and that is how I treat it, a leisure for my free time.
Binary options are two risky and personaly I don't like it, in fact I find it as a shady business.
For someone who is seriously involved in Bitcoin, trading is the best.

I also prefer trading and holding. It's important for me to be careful and invest with peace.

[conected]

Trading is my expertise...
I don't care about the words of others who say gambling or Binary can get money quickly, I only focus on trading because I have honed my analytical skills in trading

- Agree, we should participate in what our skills allow and can make a profit, and here, trading is a top priority job when it has been proven that it is possible through skills to optimize the income stream, while on the other side, Binary and gambling, both are really options that can make money quickly but these are just advertisements from casinos or some players that are lucky enough. Especially both are the markets where big bosses control, the odds of us being lucky will become lower, I won't choose what I love, I choose what suits me.

[AniviaBtc]

It depends on what I like or need,
If I want some profit and less risk then I would prefer trading.
But if I want to have fun and excitement then I would go with gambling,
I haven't tried binary option yet so I couldn't say anything about it.

That's right, gambling only makes you lose your assets, it's full of risk, you only need a fortune to win in gambling. In contrast to Trading where we have to really learn how to read charts by analyzing technical or fundamental.

Gambling is never an option and it will never support you for life. Luck is not always at your side and it is very difficult to know when it will come to your life. You have no idea what is your fate in gambling because the result it unknown. No matter how good you are, no matter how good your strategy is, but if you are really not lucky enough to win the betting, then you strategy is senseless. Trading can be manipulated by how good your predictions are and how patient you are. Trading can also give you excitement most especially when you have a successful trade each and everyday. Also if you are gaining profits out of it and prevent losing your money.

[ufaiz50]

I appreciate writing about your experience in trading gambling and binary options. I prefer to trade and do data analysis, I am happy with data processing and making technical analysis. I was also attracted to binaries and some forex.

gambling is a zero-sum game, where half of the people for and half of the loss. This is interesting because many people come only with capital.

[hulla]

I want to say that the problem you faced earlier by jumping up and down different carrier or business is the reason that people in trading businesses don't succeed. They fear losses but don't want to do the right thing by cutting down on risk levels. You can do all of you have knowledge but if not, we can still to the one aspect we have trained ourselves to understand or we quit.
You have been able to put yourself into one aspect and that is good for you.

Knowledge is the most valuable aspect of day to day activities of every person but greed/buzz can jeopardize everything if not put in check.
What I'm trying to say is that having knowledge about something is not enough if ones don't have control over his emotion, affection, buzz and greed level because these are what always leads to the loss of people in the crypto world including the highly experienced investors.

To be honest, I don’t consider gambling as a good source of income.  For me, the most feasible direction for generating income is daily cryptocurrency trading.  Of course, there are certain risks, but nevertheless I know what I trade and what I own.  But this is a separate topic for discussion.  I have never dealt with binary options, but based on individual user reviews, I am afraid of this activity.  It seems to me that putting money into binary options is not a purchase of an asset, but an investment in a binary broker, on which your profit depends.  In other words, you do not own anything at all.

Binary options is just some sort of gambling imho yet you would need to guess on the price either lower or higher on the amount you had entered.
The difference here is that you do able to analyze the charts when predicting prices compared when you do totally gamble up on random basis.
Gambling is never been considered as a viable source of income but rather for entertainment but people do treat on other way that why theyve been
hooked in addiction and in result to loss of money.

@Arkann, gambling is a game of chance and even a genuine gambling site will never tell you gambling is a good source of income. What important most is every individuals understand the part thats work for him and put is buzz/greed in check. Mind you, gambling which you and i see as something risky, someone gambler see it as the way to survive and it work for them.
@Mahanton, binary option is like gambling but also work for people that follow whales movement.

[TheGreatPython]

You should not even be confused in between trading, gambling and binary options if you really are good at trading. You should only concentrate on trading and try to enrich your skills by practically experiencing many more things. Checking out your list gives me a rough estimate that you do posses some great skills which would be most useful for you in the coming future.

Trading can serve us with great profits if you have the knowledge and ability to make great research. Never follow anyone else's TA but instead try to make your own technical analysis and you would surely make great profits. I am not sure about binary option and gambling but I could confidently suggest you to go for trading only.

[nydiacaskey01]

You posted this in the Trading section so expect that you will get replies that they prefer Trading than Gambling. Binary option is almost the same as Trading or it is trading in a different way because you will predict the direction if it is going up or down. You base your decision of research and market condition.

[SirLancelot]

Trading is just on a world of its own when compared to other two, it doesn't have the thrill of the others but it also provides food for your table if you know what you are doing. On gambling there is usually a house edge unless you are playing a pvp game like poker against other players but even with that house gets their cut from the pot so it is not really perfect.

On binary things are a bit different but honestly you can not really trust yourself when it comes to binary since it is insanely risky as well, one mistake and all your money gone and that is too much risk to take for me. However when it comes to trading it is less riskier and it usually is simple if you know what you are doing and you give it some time to recover when you fail as well.

[matchi2011]

I appreciate writing about your experience in trading gambling and binary options. I prefer to trade and do data analysis, I am happy with data processing and making technical analysis. I was also attracted to binaries and some forex.

gambling is a zero-sum game, where half of the people for and half of the loss. This is interesting because many people come only with capital.

A game of luck though with binary you can also relied with news that will comes up and do some analyze in order to anticipate what can be
the next market movements.
Trading if aiming for holding with specific time period also gives some weight with your investment.

[Negotiation]

Every job seems too difficult before it starts There are many experienced gambling professionals in cryptocurrency  but they seem to have nothing to lose but they are completely gambling The amount of loss is greater than the gains in gambling. I like trading from gambling too If the price is reduced while trading then the price increases but if you lose the gambling everything ends at once.

[BitcoinTurk]

To mention about my binary options experiences, I think it is a method of fraud that should never be used. Even though I have done binary options trading for a very short time, I would like to say that even gambling is a much safer method than this method. Although I don't like to compare gambling with investment tools, I would like to say again that the binary options option is definitely not a method that can be used and you can make money. On the other hand, I would like to mention that earning money with gambling is just a dream, since gambling always earns cash, although it is a chance to win. Gambling is something that should be played only for pleasure. To write something about myself, I only play gambling for pleasure and I do not use binary options scams either. For this reason, my preference and suggestion will be trading.

[Free1bitco.in]

You posted this in the Trading section so expect that you will get replies that they prefer Trading than Gambling. Binary option is almost the same as Trading or it is trading in a different way because you will predict the direction if it is going up or down. You base your decision of research and market condition.

LOL, you're right. it's just that I think people who trade, sometimes also do gambling games, even though I don't.
Well, I prefer trading over other options. I prefer to move with strategy than a move by depending on luck.

[Arkann]

To be honest, I don’t consider gambling as a good source of income.  For me, the most feasible direction for generating income is daily cryptocurrency trading.  Of course, there are certain risks, but nevertheless I know what I trade and what I own.  But this is a separate topic for discussion.  I have never dealt with binary options, but based on individual user reviews, I am afraid of this activity.  It seems to me that putting money into binary options is not a purchase of an asset, but an investment in a binary broker, on which your profit depends.  In other words, you do not own anything at all.

Binary options is just some sort of gambling imho yet you would need to guess on the price either lower or higher on the amount you had entered.
The difference here is that you do able to analyze the charts when predicting prices compared when you do totally gamble up on random basis.
Gambling is never been considered as a viable source of income but rather for entertainment but people do treat on other way that why theyve been
hooked in addiction and in result to loss of money.

Thanks a lot.  You are just very accurately you said what my concerns were.  Since I am not a fan of gambling, binary options are no longer available to me psychological.  But I am really familiar with people for whom Excitement is vital and with the appropriate experience. These people can receive a good and even stable income through gambling, which always surprised me.  Including trading binary options for gambling retailers is a worthwhile find.  But this kind of activity is really not for me  and maybe the circle of people who do it is very small.

[Sternbinder]

Well, I think that any of these ways can be a great source of money. It's all about finding something that can make you money on a regular basis. That's why there is such a variety, because everyone is looking for something for themselves. In my subjective opinion, the most profitable option for making money on a regular basis is forex, because this is the format that has clear and accessible ways to analyze, which allows you to find the situation on the market at any time, which will allow you to earn here and now. On the other hand, this format is so gambling, so you have a better chance that you will take it seriously. It's about how you feel about it.