Online Gambling 'or' Day trading cryptos- Which one is more lucrative?

[Armani123]

Online Gambling 'or' Day trading cryptos- Which one is more lucrative?

Hey folks, it me Armani123 (Viketo Sumi) again. Well, which one suited you more: gambling or day trading cryptos?

Firstly, let me elaborate my experiences in online gambling. I have been gambling in crypto gambling sites for more than seven years now. I gamble in casinos as well as in sports. As long as I am concerned, casinos has been good to me. I prefer dice rolls, roulette, reels, and megaways games in casinos. The better side of casino games is that, if your luck seems to elude you, then you can always abandon it and come back on different day to check if your luck has changed.

I believe everyone can profit in casinos as long as one is determined to spend only a limited amount one sets before entering a game. This is not just notional but a given fact and proven times and times after. Learn to control your emotions and play the game and don't let the game and your luck dominate you. If you do, you ultimately become an addict.

If you are having a bad hand continuously, then abandon it to play another time. On contrary, if the lady luck is in your side, don't be too greedy and leave the game while you are ahead. Another smart way to gamble is to limit your time, but maintaining timeline can be very disenchanting. So I suggest, limiting your funds is more appealing.

Coming to Sports gambling, I have not even once made a considerable profit. In fact, most of my funds I netted in casinos were lost in sports gambling. On top of my gambling accounts, I have also funded hugh amount of funds from my saving accounts into sports gambling with no returns.

Before I started sports gambling, I did what all the experts advised. I researched the athletes or the teams according to the sports they played. Before setting my bets, I would thoroughly research both sides of their skills, endurance, past played games and everything that I could think that would impact the games.

Not just physical but I would also look into social medias to know what is happening in the lives of the athletes so that I can assume their state of mind. For instance, if there is  a problem happening in the private life of an athlete, the athlete is prone to perform under since there would be a knack of their private problem in their mind. This is a psychological fact.

I researched all these fields before placjng my bet and leaving no chances to fate. But still I fared badly. Human beings emotions are very hard to gauge. So I have completely abandoned sports gambling before I am completely bankrupt. Now a days, I support my favourite teams by making small donations than straining my emotions by betting on their matches.

Returning to main objective, day trading cryptocurrency has been indulging to me. Till date, I have accumulated a handsome share of profit from trading. There is no chance of losing your whole principal amount like in majority of gambling games. Unlike in sports gambling, there is no fixed timings. You can always leverage your principal amount by transferring funds if you are into futures trading. And there is no fear of losing your principal amount if you are into spot trading. You can always wait for the bullish trend and withdraw for profit. There is always a chance for some crypto currencies to go bankrupt but one is less likely to encounter such downfall with a bit of research.

According to my experiences, it is hard to lose a hugh amount of fund if you are into day trading. You can cut your loses immediately and pull out if the market is in the down trend.

Like sports gambling, trading also requires one to do intensive research and keep up with social and market medias. Aside from researches, it is vital for trader to learn the patterns of market graphs and various signals before on plunges into the real world of trading. Learning to trade is a lifelong process. Anyone can teach you to read signals but the rest is up to you.

Trading can also be classified into short term and long term investments, then there's scalping etc. But let's leave that for another time.

With all the information stated above, in my opinion, I would definitely prefer trading than gambling. Speaking of gambling, I still gamble seldomly but I have had numerous unlucky encounters with sports gambling to stay away from it. Humans are the most complicated creatures to predict. Instead, I prefer casino games. Since there is no emotions but luck it will always be my choice of gambling.

Armani123
(Viketo Sumi)

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[Fesatmas]

This choice is both individual comfort and convenience. There are three characters, first people who like to gamble but do not like crypto trading, on the other hand there are those who like to trade crypto but don't like to gamble, and the third like both.
well here in general, people will say that gambling is much more profitable because it only takes once or twice a slot can have a large nominal multiple, but we can't say which is better, because everyone has their own preferences. Likewise, they feel much more secure and their financials will not decrease, in other words, trading crypto is relatively low loss. So there are similarities and differences between gambling and trading crypto. all have their own advantages and disadvantages. and I personally like both of them, even though I'm not too good at gambling, I always try new things at the risk that I agreed at the beginning.

[BIN-BIN]

Gambling and trading are two different activities with both having different purpose in an individual life, in trading you are doing it with the sole aim of making profit's, while in gambling you gambling to have fun and at the same time make some money but the fun in playing the gambling games make it different from trading to me.

[passwordnow]

Talking about which is lucrative, based on everyone's experience that's day trading. But the risk that it has is almost the same as you gamble online.
In day trading, you're likely to lose and you're not going to enjoy it unless you make it your bread and butter. Everyone differs in which is profitable to them.

[dunfida]

Comparing between investment and entertainment? I dont really like to make up some comparison but talking about lucrative or simply profitable
then this will vary into someone on how well he could really manage it out.Lets not talk about pure luck based gambling but rather with those strategic
ones when it comes to profitability on which there are really people who could really manage to do so.Same goes with day trade which it is still
risky but somewhat a worthy thing if you are really looking for long term runs than on a temporal kind of thing.

[DoublerHunter]

Talking about which is lucrative, based on everyone's experience that's day trading. But the risk that it has is almost the same as you gamble online.
In day trading, you're likely to lose and you're not going to enjoy it unless you make it your bread and butter. Everyone differs in which is profitable to them.

^ Lucrative means having a decent profit, probably that is gambling.
The higher risk, the high potential of having profit but won't survive in long run, this most likely based on luck while day trading you can apply skills and knowledge which is if you have these, which means this will have lucrative to you. This will depend on us which we differ to stay and have a profit if you think you can risk your money on gambling, it's up to you and if you are good in day trading then, you go for it. Nevertheless, I can consider here gambling is much worst than day trading.

[Lordhermes]

The respective difference between online gambling and day trading in term of lucrativity may not be emphasised, not many people prefer trading likewise gambling.
Let's check out the difference and similarities between them.

In the case of gambling on casino, that's, lucky based predictions, there is no actually a strategy to be used to win on casino while trading carried some tools for analysis for predicting the move of market conditions in the future.

Winnings and profits in gambling and trading is quite different, $2 on one spin in any casino game can let you turn out to be richer within some seconds, whereas trading with $2 can eventually take you time before achieving your goal except for the long term hodlers.

I can't really tell if gambling is more profitable than trading,
different thing works for different people, with these comparisons and differences started above, one can conclude which one is best lucrative to himself depending on what you love doing the most. If you love using tools to analyse, go for trading, if you are a dude with high luck, consider gambling.

[Question123]

Gambling is high risk to lose your money but at the same time you will earn money fastly, but the trading are less risk but it takes time for your money to grow so I think they have advatanges and dis advatanges but If Im going to choose only between the two I will stick to trading because It is more profitable income than online gambling.

[crzy]

Gambling is profitable if you’re lucky enough to hit the jackpot and it will happen at no specific time.
In trading, we make money through our hard work, we do analyze the market as much as we could so we can hit our target profit everyday, or even every month. Personally, I still believe that Trading is more profitable that gambling though both are risky but in trading you can less that risk by analyzing the whole trend.

[AmoreJaz]

The respective difference between online gambling and day trading in term of lucrativity may not be emphasised, not many people prefer trading likewise gambling.
Let's check out the difference and similarities between them.

In the case of gambling on casino, that's, lucky based predictions, there is no actually a strategy to be used to win on casino while trading carried some tools for analysis for predicting the move of market conditions I the future.

Winnings and profits in gambling and trading is quite different, $2 on one spin in any casino game can let you turn out to be richer in within a second, whereas trading with $2 can eventually take you time before achieving your goal except for the long term hodlers.

I can't really tell if gambling is more profitable than trading,
different thing works for different people, with these comparisons and differences started above, one can conclude which one is best lucrative to himself depending on the what you love doing the most. If you love using tools to analyse, go for trading, of yiu are a dude with high luck, consider gambling.

bottomline, each individual has different take on this. because not all people like to gamble or to trade. either way, the lucrative description is very subjective. it depends on the individual involved in this activity. some people will see trading as lucrative, whereas, others may choose gambling. so it really depends on the person's perspectives towards these 2 activities. the skills they have are important on how they can turn a small bankroll into good money.

[AhmadM]

I think it was kinda weird to compare gambling and trading, although there is a risk on both of them but they are quite different activities. IMO gambling basically is to entertaint purpose so it's not really suit place to make money, most of the cases you just ended with lose your money particularly if you have no enough luck there and do it in long run

[GreatArkansas]

Winnings and profits in gambling and trading is quite different, $2 on one spin in any casino game can let you turn out to be richer in within a second, whereas trading with $2 can eventually take you time before achieving your goal except for the long term hodlers.
(....)

But in trading, it can be more profitable once you already into it. Like learning some basics and you are really posses in trading.
You can learn about it and it will turn out not a lucky-based way to earn profits, not the same with gambling which is purely lucky based.
There is also risk management on trading, in which you minimize your losses and maximize the profits.

[cabron]

Trading could be lucrative in times when there is a bull market. Trading is too stressful for someone who wants to profit daily and if you are not that good with analysis, you go to gambling which is more fun. Trading isn't as easy as it looks compared to online gambling which all you have to do is figure which strategy to use and have fun then. Losing the funds however isn't fun, however.

[Myleschetty]

From my own view online gambling and crypto day trading are like siblings, they can be lucrative at some point and they may not but what important is the person in charge knowledge and decision making, and sometimes luck.

[Wexnident]

Hmm, it depends on how you look at it. I mean, both gambling and trading have their own ways of making $1 into $1m in a single moment and in a lot of time. They're both quite reliant on luck and probably persistence, but most importantly, money. If I were to compare the two, I'd think gambling is more lucrative? Since that $1 to $1m in a single moment doesn't really rely on anything other than luck, but $1 to $1m in trading mostly happens when a coin you invest in boomed all of a sudden, which is a constant growth, not a sudden one. Constant growth means you'd have instances where you could just take out your investment since you've received profit plenty enough, and I hardly doubt a sudden boom would happen in trading where it'd be enough for $1 to go to $1m.

In a constant way though, I'd choose day trading. An experienced trader would have his/her ways to actually progress through each day to profit, even if it is a small amount. Not to mention that there are multiple investments that you can make, some are just for hodling for the long term while some would be for day trading.

[hd49728]

Online Gambling 'or' Day trading cryptos- Which one is more lucrative?

Hey folks, it me Armani123 (Viketo Sumi) again. Well, which one suited you more: gambling or day trading cryptos?

None of which suits me. I lost a lot of my bitcoin and cryptocurrency in the past and I won't repeat my stupid activities again.

All of my stupid losses come from greed. I lost it with my trades, gambling, and margin or leverage trades. The easiest way to increase your balance is buy bitcoin and hold it. Do you think bitcoin has topped up? If you think it can rise more and the top is far from now, why not buy and hold?

If you find some potential altcoins, why do you not buy and hold them? Bull market is easiest one to increase your balance. No need to gamble, use leverages.

[Wind_FURY]

Online Gambling 'or' Day trading cryptos- Which one is more lucrative?

Hey folks, it me Armani123 (Viketo Sumi) again. Well, which one suited you more: gambling or day trading cryptos?

Firstly, let me elaborate my experiences in online gambling. I have been gambling in crypto gambling sites for more than seven years now. I gamble in casinos as well as in sports. As long as I am concerned, casinos has been good to me. I prefer dice rolls, roulette, reels, and megaways games in casinos. The better side of casino games is that, if your luck seems to elude you, then you can always abandon it and come back on different day to check if your luck has changed.

I believe everyone can profit in casinos as long as one is determined to spend only a limited amount one sets before entering a game. This is not just notional but a given fact and proven times and times after. Learn to control your emotions and play the game and don't let the game and your luck dominate you. If you do, you ultimately become an addict.

If you are having a bad hand continuously, then abandon it to play another time. On contrary, if the lady luck is in your side, don't be too greedy and leave the game while you are ahead. Another smart way to gamble is to limit your time, but maintaining timeline can be very disenchanting. So I suggest, limiting your funds is more appealing.

Coming to Sports gambling, I have not even once made a considerable profit. In fact, most of my funds I netted in casinos were lost in sports gambling. On top of my gambling accounts, I have also funded hugh amount of funds from my saving accounts into sports gambling with no returns.

Before I started sports gambling, I did what all the experts advised. I researched the athletes or the teams according to the sports they played. Before setting my bets, I would thoroughly research both sides of their skills, endurance, past played games and everything that I could think that would impact the games.

Not just physical but I would also look into social medias to know what is happening in the lives of the athletes so that I can assume their state of mind. For instance, if there is  a problem happening in the private life of an athlete, the athlete is prone to perform under since there would be a knack of their private problem in their mind. This is a psychological fact.

I researched all these fields before placjng my bet and leaving no chances to fate. But still I fared badly. Human beings emotions are very hard to gauge. So I have completely abandoned sports gambling before I am completely bankrupt. Now a days, I support my favourite teams by making small donations than straining my emotions by betting on their matches.

Then it’s not lucrative.

Returning to main objective, day trading cryptocurrency has been indulging to me. Till date, I have accumulated a handsome share of profit from trading. There is no chance of losing your whole principal amount like in majority of gambling games. Unlike in sports gambling, there is no fixed timings. You can always leverage your principal amount by transferring funds if you are into futures trading. And there is no fear of losing your principal amount if you are into spot trading. You can always wait for the bullish trend and withdraw for profit. There is always a chance for some crypto currencies to go bankrupt but one is less likely to encounter such downfall with a bit of research.

According to my experiences, it is hard to lose a hugh amount of fund if you are into day trading. You can cut your loses immediately and pull out if the market is in the down trend.

Like sports gambling, trading also requires one to do intensive research and keep up with social and market medias. Aside from researches, it is vital for trader to learn the patterns of market graphs and various signals before on plunges into the real world of trading. Learning to trade is a lifelong process. Anyone can teach you to read signals but the rest is up to you.

Trading can also be classified into short term and long term investments, then there's scalping etc. But let's leave that for another time.

With all the information stated above, in my opinion, I would definitely prefer trading than gambling. Speaking of gambling, I still gamble seldomly but I have had numerous unlucky encounters with sports gambling to stay away from it. Humans are the most complicated creatures to predict. Instead, I prefer casino games. Since there is no emotions but luck it will always be my choice of gambling.

I believe for most people, especially newbies, HODLing Bitcoin is the most lucrative investment strategy we can do. Compare your day-trading results recorded from the first day, with if you had just bought Bitcoin during the same day and HODLed.

[kaya11]

I can't really tell how much is the difference between the two. These two have their own ways. In trading you need intelligence, some traders came from stocks exchange, they are either learned or experienced in some ways.

While one the other side, gambling most of the times is pure luck, only a few can be won by skills, and experience. It is hard to predict.

If I were to choose between the two, I would pick trading, my losing streaks will be my experience and knowledge, and it will be a much of a help in the future trade.

To answer the question of OP, I'd chose gambling to be more lucrative, if you had the luck, you can be rich in an instant, although the two have their similarities, high risk, high gains.

[StartupAnalyst]

Experience has shown that 90% of gamblers can’t stop and lose all their assets in on-line gambling as well as in real casino. I like very much film “Wild card”. You can see there how the very skillful and cool dude in one moment had lost everything because of one wrong card. It’s only a film but the reality is very similar. Trading crypto is different. If trader invest in several reliable assets, make/cancel different limit-orders the risk to lose money is minimum because of volatility of crypto. One day it will pump investor need just to catch right time.

[Lordhermes]

Winnings and profits in gambling and trading is quite different, $2 on one spin in any casino game can let you turn out to be richer in within a second, whereas trading with $2 can eventually take you time before achieving your goal except for the long term hodlers.
(....)

But in trading, it can be more profitable once you already into it. Like learning some basics and you are really posses in trading.
You can learn about it and it will turn out not a lucky-based way to earn profits, not the same with gambling which is purely lucky based.
There is also risk management on trading, in which you minimize your losses and maximize the profits.

Hugh profit using low amount is hardly seen in cryptocurrency trading, except it takes some couple of months to get up to that amount. Moreover, there are also a strictly followed procedure for risk management, though, I'm not against trading or for gambling, but your favorite gives you chance of choosing one.