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Author Topic: Do we gamble or trade?  (Read 862 times)
ariinv (OP)
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August 20, 2022, 12:02:23 PM
 #1

Dear Holders
Some buyers are asking about the trading volume on the probit global exchange! It's essential for us that our buyers invest wisely and buy the right asset and deal on a good and safe platform. We are not looking for gamblers like Elon Musk to bring colossal money, pump our token and dump it whenever he decides. We emphasize again trading is not gambling! If you think probit global trading volume is odd, please read the following research:
A slew of recent articles has demonstrated that the issue of crypto exchanges faking trading volumes is not going anywhere.
The problem has been apparent since Bitwise Asset Management published a report showing that 95% of volumes reported by BitcoinExchanges on data aggregator CoinMarketCap were fake. 
The false volumes were reported to CMC by the exchanges to exaggerate the size of the Bitcoin market.
Even before that, in 2018, trader and investor Sylvain Robes revealed that 93% of the trading volume on China-based exchange OKEx was fabricated based on the "slippage," or price change, when a sale of $50,000 of cryptos was made.
A recent Coindesk report featured a Russian college student who has set up a business that essentially helps exchanges fake their trading volumes by creating accounts operated by bots that constantly trade amongst themselves.
Additionally, a recent Bloomberg report showed anomalies in the trading volume of Bitforex - a Singapore-based crypto exchange with an incentive program linked to transaction fees.
Users are offered $1.20 in digital tokens for every $1 transaction fee. Users on the exchange used a similar scheme of multiple accounts and bots to increase trading volume, earning users tokens and Bitforex an impressive trading volume.
In the U.S., the Justice Department has already investigated such "wash trades" on crypto exchanges.
However, exchanges faking their trading volumes can be caught because there is no correlation between the number of websites visits a site receives and the trading volumes the exchanges report.
Trading volume on probit global is actual, not odd. If the volume of most exchanges was actual, crypto capital should be more than 10 trillion dollars now.
In Aristo world, we live with reality to make of dreams through, not living in a dream and making our life miserable!
www.ariinv.com
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August 20, 2022, 01:42:50 PM
 #2

For that instance, there is no reason why we have to use that platform as in the first place, their reputation is even quite questionable.
We can't make feel how trading looks like on this platform but a curse - We'd see no profit from this but losses.

This is one reason why I am seldom using new exchanges, lack of transparency, fees, unexpected charges - all I can say is that better to stay away from these kinds of exchanges for they don't care about us but themselves.

R


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August 20, 2022, 04:17:07 PM
 #3

remember, trading with gambling is very different, it's just that our way must be right,
trading without knowing how to trade is clearly not trading, because trading must have knowledge,
about reading technicals, reading fundamentals etc., without that all traders can be said to be gambling.

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August 20, 2022, 05:18:59 PM
 #4

OP are you trying to say that is trading similar to gambling?
Let me tell you that when you use all your capital in one shot with high risk, then it is considered as gambling.
If you do same with trading, I mean increase the risk, then it’s not less than gambling.
I would rather suggest if you want to trade with high risks, then better do gambling and give it one shot.
My suggestions might vary from others here, but yes that’s suitable and more appropriate.

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August 20, 2022, 07:51:10 PM
 #5

you forgot to include coinsbit, yobit and p2pb2b even these three sites are also full of bots and create fake trading volumes so I'm not interested in going there, I feel the 3 trading sites above have the same 1 boss, but it's true you said we were played by trading volume fake so we are stuck on one trade that cost us, i am not an active trader as i prefer to invest long term now

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August 20, 2022, 08:34:21 PM
 #6

Trading and gambling aren't same thing. It would be wrong if one equates trading with gambling. Yes market has volatilities but it shouldn't be the reason for calling trade as gambling. Yes, but you can compare futures trading to gambling because trading depends on future prices.  But all other general trading cannot be called gambling.
I would agree with you a bit, as I have lost my entire fund many times trading futures, just like gambling.  For this alone I would call futures trading a bit like gambling. But I think that there is a lot to analyze in futures trading, even those analysts who know better may not equate futures trading with gambling.


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goaldigger
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August 20, 2022, 09:25:49 PM
 #7

In trading we do analyze every time we buy but in gambling, we don’t analyze that much and we only play the game whenever we want especially with the slots games where you just need to click the button and it will continue to play, the result will depend ok your luck.

Some exchanges manipulates their volume maybe to attract traders but I can’t still see that as a gambling, traders should really know how to analyze and how to spot real volumes this can save them from losing money. Also it’s better to avoid those exchanges and just use the top exchange where you can know that the volume is real.

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August 20, 2022, 09:37:41 PM
 #8

Trading and gambling aren't same thing. It would be wrong if one equates trading with gambling. Yes market has volatilities but it shouldn't be the reason for calling trade as gambling. Yes, but you can compare futures trading to gambling because trading depends on future prices.  But all other general trading cannot be called gambling.
^ Probably this is a case-to-case basis, if you have not enough knowledge in trading but yet you are doing it for the sake of profit, probably we can be called it gambling. Because it will probably you are guessing the result of the coin that you picked.
But actually, that is definitely right, they have a different concept that we cannot be called trading as gambling, as I trying to say is it depend on who gamble or trade. It seems to gamble for me if you will pick a meme coin or shitcoins.
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August 20, 2022, 09:58:06 PM
 #9

Trading and gambling aren't same thing. It would be wrong if one equates trading with gambling. Yes market has volatilities but it shouldn't be the reason for calling trade as gambling. Yes, but you can compare futures trading to gambling because trading depends on future prices.  But all other general trading cannot be called gambling.
Trading would only becomes gambling if you do really act something like that where you are making out trades without any basis or analysis or making some all in purchase order without having
any consideration on what entry price you would really be getting in.It is really just common sense and we could able to differentiate in between gambling and trading when it comes to risk factor or level
which it would really be that understandable on what are the things needed just for you to make some increasing chance of profitability on something that you are projecting for long term aspect
and we know that trading is something that considered to be an investment which is totally out or par if we do talk about gambling activity.

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August 20, 2022, 10:30:22 PM
Last edit: September 23, 2022, 06:20:03 AM by TelolettOm
 #10

It will depend on how we choose the investment asset. To determine if we are trading or gambling, it will depend on how we get it and what coins to choose.

A trader commonly will:
- Analyze and do more research on the coins or tokens, at a certain price, and a certain time before buying the coins.
- A trader will have a specific strategy to analyze whether using FA or TA
- It has much better emotional management, including not being too hurried, panicked, frustrated, and others.

But on the other hand, a gambler will:
- Only think about profits
- Want to get instant profits
- Don't want to analyze when buying, only lay the result based on luck
- Choosing with hype only


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August 20, 2022, 10:35:38 PM
 #11

In Aristo world, we live with reality to make of dreams through, not living in a dream and making our life miserable!
www.ariinv.com
All this forest of words just to advertise your shady project and tokens? What a shameless dirtbag.
The only thing that will make one's life here is them believing your crap project that is probably scam

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August 20, 2022, 10:42:28 PM
 #12

We emphasize again trading is not gambling! If you think probit global trading volume is odd, please read the following research: -snip-
Dude, do you want to discuss that we gamble or trade? Or do you want to explain probit global trading volume?  Huh

From your own perception, you have answered that we don't gamble in trading. We consider it not only based on trading volume but also consider it based on the fundamental theory of trading itself. Gambling is totally based on luck, while trading is based on the knowledge and experience we have. Success in trading depends on how good our knowledge is. The knowledge can be derived from reading articles or watching videos about how to trade properly, also we get some knowledge from our experience of practicing trading for some months or years.


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Baofeng
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August 20, 2022, 10:49:32 PM
 #13

And the thing is, the OP is promoting his site, Lol, Lots of garbage post and even have a clickbait topic about gambling and trading. At the end he then inserted the website, tricky but we have seen this before.

But regarding the topic, this has been discussed so many times already in this community:


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samcrypto
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August 20, 2022, 11:51:25 PM
 #14

And the thing is, the OP is promoting his site, Lol, Lots of garbage post and even have a clickbait topic about gambling and trading. At the end he then inserted the website, tricky but we have seen this before.

But regarding the topic, this has been discussed so many times already in this community:

I didn’t read the whole context because I know the purpose of this is to advertise a site, the moment I saw the link I knew its meant for that since this has been the strategy of many, trying to make topic but in the end they just want to advertise their site. Well, for the purpose of this topic gambling and trading are different, you can’t call trading as gambling especially if you do your analysis it can only be gambling once you failed to do research. There’s a higher possibility to make money in trading compare to gambling, though both have their own pros and cons.

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August 21, 2022, 07:17:59 AM
 #15

And the thing is, the OP is promoting his site, Lol, Lots of garbage post and even have a clickbait topic about gambling and trading. At the end he then inserted the website, tricky but we have seen this before.

But regarding the topic, this has been discussed so many times already in this community:

I didn’t read the whole context because I know the purpose of this is to advertise a site, the moment I saw the link I knew its meant for that since this has been the strategy of many, trying to make topic but in the end they just want to advertise their site. Well, for the purpose of this topic gambling and trading are different, you can’t call trading as gambling especially if you do your analysis it can only be gambling once you failed to do research. There’s a higher possibility to make money in trading compare to gambling, though both have their own pros and cons.
From the beginning, the goal was to advertise the site by creating a topic first to attract attention,
Basically, trading and gambling are two different things so they cannot be equated,
Gambling is like just speculating and it is clearly different from trading where it requires analysis to make further decisions

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tbterryboy
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August 21, 2022, 09:19:10 AM
 #16

remember, trading with gambling is very different, it's just that our way must be right,
trading without knowing how to trade is clearly not trading, because trading must have knowledge,
about reading technicals, reading fundamentals etc., without that all traders can be said to be gambling.
Even if you are doing fundamental and technical analysis, there is still no guarantee that you can now predict the movement of the coin accurately, therefore trading can still be linked with gambling. Trading without a proper knowledge in trading is still called trading but the risk is much higher.

I think those who engage in trading, whether a newbie or not, are knowledgeable because if they aren't then they won't be able to buy a crypto and step in the trading arena but the knowledge that a newbie trader have might only be small although it is very possible for them to earn something as long as they know how to buy low and sell high.
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August 21, 2022, 09:28:24 AM
 #17

There is a very thin line between gambling and trading. Most traders don’t think themselves as gamblers but they are gamblers and they don’t realize it. Just because you are a trader, it don’t mean that you should trade every day or every week. You can become a trader even if you make one trade in a year. You just have to make the right trade. The casino has a house edge and the exchanges have spreads. Both are pretty much the same thing for you. The more you trade or gamble, the more money the house/exchange makes money.

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August 21, 2022, 09:58:43 AM
 #18

In some cases, trading is considered gambling when you enter a trade without knowledge or experience and you trade with a bad luck mindset. But no so it can be said that they are the same, in gambling, we can only guess the outcome by chance and without any specific knowledge of gambling, it's just the experience that you accumulate. With trading, you just need to study hard, you will be able to analyze the upcoming trend in the market.

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August 21, 2022, 10:08:31 AM
 #19

In some cases, trading is considered gambling when you enter a trade without knowledge or experience and you trade with a bad luck mindset. But no so it can be said that they are the same, in gambling, we can only guess the outcome by chance and without any specific knowledge of gambling, it's just the experience that you accumulate. With trading, you just need to study hard, you will be able to analyze the upcoming trend in the market.
If you trade and think you will get profit because you hope you will get luck and get profit as consequence of luck, you are gambling.

Gambling means chance to win or to lose is out of your control and because most of traders are losers, your chance to gamble and get profit should be small.

Many newbies join the market and gamble with their trades, without learning, knowledge about the market, technical or fundamental approaches, without practice. They are stupid gamblers and unhappy endings are waiting.

When you are calling yourself as a trader, you are considering trading is your job. Because it is a job, you should have knowledge and skills to do it. By this meaning, it is not a gambling.
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August 21, 2022, 12:59:02 PM
 #20

If major exchanges can manipulate the trading volume on their exchanges, then small exchanges will not be separated from that activity too, in fact, they will become easier to manipulate, but unfortunately, small exchanges like Probit will not be targeted because their impact is small on crypto trading, and if you just want to avoid manipulation of major exchanges by switching to smaller exchanges is much more dangerous because they are much less trustworthy.

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