Bitcoin Forum
May 03, 2024, 10:33:40 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Are new generation of investors more into gambling?  (Read 564 times)
jackg
Copper Member
Legendary
*
Offline Offline

Activity: 2856
Merit: 3071


https://bit.ly/387FXHi lightning theory


View Profile
January 14, 2022, 08:38:57 AM
 #81

I got curious about this topic and decided to start programming something.

I made a simple program that randomly chose whether to long or short based on historic data, tp and sl were set at 1% of the price and I assumed 10x leverage.

Over a period of 1400 trades, in a few different markets (trading only when no position is open and checked every four hours), the greatest loss I found was around 14%.

I didn't make this a topic because I wasn't sure how accurate my code was but I don't think I'd call that gambling (and it looked quite a risky strategy too - as an extra note I didn't include fees).
1714732420
Hero Member
*
Offline Offline

Posts: 1714732420

View Profile Personal Message (Offline)

Ignore
1714732420
Reply with quote  #2

1714732420
Report to moderator
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Sled
Hero Member
*****
Offline Offline

Activity: 1680
Merit: 535

Bitcoin- in bullish time


View Profile
January 14, 2022, 10:45:33 AM
 #82

You are right, the truth is that in the game anything can happen, however when we are in a casino, there are factors that influence, such as music, the fact of having better graphics in the games, this is only the power of attraction that exists, most of the new generations are already rich from birth, they come with their parents' money and do not mind spending it, so since they have a risk management very different from any person, the decisions that are made can sometimes be full of luck and they multiply the money, that has happened a lot, however the new ideas that come from the new generations are what make the sites and platforms evolve.

And they are less likely to know how to manage their finances and never mind overspending as they don't work hard for their money. How this could affect the market trend will probably be in favor of the continuous spread of crypto adoption. As these people won't realize the thing they've done, we could expect that this will cause losses on their side.

Actually, what we have seen is most of this new generation of investors are always looking for pleasure. They go for gambling asking for a chance to get lucky and win but that is not how it works, and in fact, that seems it never works all the time.  But as I've said, they don't care about losing as it wasn't their hard work money.
AicecreaME
Sr. Member
****
Offline Offline

Activity: 2338
Merit: 454


View Profile
January 14, 2022, 10:46:13 AM
 #83

People wanted easy money, therefore they'll go to futures and not on stock trading. Futures trading is thrilling than spot trading, a high risk high reward that suits for people that are impatient and risky player yet some of them are still making profits on it. New generations don't want to wait, that's why you could rarely see a new trader that'll stick to stock market after he figured out about futures trading.
panukurap
Full Member
***
Offline Offline

Activity: 486
Merit: 100


DAEFROM.com


View Profile
January 14, 2022, 12:08:26 PM
 #84

It seems you are right that many newcomers prefer trading like gambling. The reason they do this seems predictable is to get quick and big profits, actually this is very worrying because they can become greedy. Whereas greed must be avoided in trading because it is feared that there will be losses, especially greedy nature can easily attack anyone. Moreover, this concerns the personality which is certain if it is attached it will be difficult and it will take a lot of time to get rid of it so that it really disappears.

palle11
Sr. Member
****
Offline Offline

Activity: 2310
Merit: 332


View Profile
January 14, 2022, 11:31:10 PM
 #85

Maybe. Some understand the risk and some just act blindly. Those who act without thinking end up losing. Trading can be highly risky. There is no room for greed and impatience. If you have a risk appetite, then only you should enter into the market.

Trading as you said is very risky and the reason some choose gambling is because they believe one day luck will contact them. Trading is based on analytical skills but gambling is not that way is a game by random. Regarding greed also , they both have something in common because you see a gambler that will keep playing to win back his money and trading too is greed that take people out of the market.
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!