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Author Topic: Do we gamble or trade?  (Read 862 times)
Peanutswar
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August 21, 2022, 01:27:18 PM
 #21

In gambling you are making a less chance of winning and a high risk reward scenario in trading you are using all of your assets and knowledge to execute and perform a position where to buy and sell at the same time the person is the one who manage the risk unlike gambling. And if you are not using a trusted exchange there's a chance you get manipulated with their platform the reason I always use a reliable and trusted exchange to make sure my funds is safe at the same time.

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August 21, 2022, 02:30:01 PM
 #22

Using trusted exchange takes us away from the kind of issues. Although binance is seen as cex but to a greater extent still reliable. Binance have not been having such allegation, maybe they might have but I think on large scale. But it is clear that trading is different from gambling when you do trading in the right way and using the strategies of analysis, calculations, using your indicators. Being able to determine the outcome of your profit with take profit is not relying on luck or gambling.
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August 21, 2022, 02:44:44 PM
 #23

The manipulation of numbers that the exchanges might do I think is most visible in exchanges with small trading volumes. some exchanges have also been exposed to using trading bots on the exchange to continue to run trading volume for assets that are not heavily traded. I think everyone is aware of that.

I don't know if this will be a big problem for traders or not. or the problem with a project listed on the exchange. but I'm sure until now we are all aware of all this.



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August 21, 2022, 06:02:57 PM
 #24

Trading and gambling are completely different. In trading you can take high risk there you can have good profit or loss but it will not be completely exhausted. But taking a high risk in gambling can be lost forever. So from my point of view I don't see the two things as the same. Trading may take big losses but that has no relation with gambling.

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August 21, 2022, 06:12:27 PM
 #25

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.
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Is this a discussion post or an advertisement? I know these major exchanges do portray fake volumes, they have market-making bots that artificially create buy and sell walls as well, infact some exchanges have been responsible for scams as well, But the truth is that no exchange unless it is one unified centralized exchange will be enough to give enough genuine volume to all the buyers and sellers, moreover never have I ever experienced a major scam of such fashion by any big exchange in which atleast 1-2% users of that exchanges were affected, this means the probability and impact of such smalls scams on anyone is pretty low. So trust your luck and trade, You are gambling your money the moment you put it into the bank account itself forget about crypto markets and exchanges.
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August 21, 2022, 06:18:36 PM
 #26

do not equate traders with gamblers, trading requires knowledge and of course you have to learn,
but gambling does not need knowledge and just chooses what it likes, for example choosing who wins,
and choosing long or short without knowledge, yes it is gambling, but traders smart will not gamble!, remember that
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August 21, 2022, 07:15:47 PM
 #27

In gambling you are making a less chance of winning and a high risk reward scenario in trading you are using all of your assets and knowledge to execute and perform a position where to buy and sell at the same time the person is the one who manage the risk unlike gambling. And if you are not using a trusted exchange there's a chance you get manipulated with their platform the reason I always use a reliable and trusted exchange to make sure my funds is safe at the same time.
The risks are high in trading too, and there is a less or low chance of getting it right many times, you can only be right sometimes and fail at other times, just like gambling. Do you know that some gamblers call themselves experts just the way some traders think the are experts too, in fact some gamblers feel it is their knowledge or one ritual superstition they normally do that makes them lucky to win often. Trading and gambling may not be exactly the same thing, but honestly the difference isn't too much, the two are almost like predictions that can go right, when it does the player is a genius, or go wrong, then there is an excuse to be made.

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August 21, 2022, 08:34:28 PM
 #28

I will also not disagree with that trading and gambling those are two different platform. But sometimes trading is also gambling, especially when a trader goes into futures trading.  There are chances of losing the entire fund in an instant much like gambling. Then when people go to invest in meme coins it's pretty much the same. Even then for those reason we shouldn't combine trading and gambling
What are you saying??? You might trade or gamble in any trading sector whether holding, spot, future and many more, it does not matter. What matters is the knowledge and strategy you are playing it with. You will trade when you have good plans that are time proven and you do what you know carefully without emotions. But you gamble when you deviate from your trading plans or do what you do not know or plan for.

do not equate traders with gamblers, trading requires knowledge and of course you have to learn,
but gambling does not need knowledge and just chooses what it likes, for example choosing who wins,
and choosing long or short without knowledge, yes it is gambling, but traders smart will not gamble!, remember that
You are making sense here but did not explain it well. Mind you, trading and gambling could be done by a well-learned person/trader. The only difference is that a trader will have a plan and actualize it, while a gambler will not due to many factors in which lack of learning, good plan or emotion might be involved.

Trading and gambling is totally different it is true, but when someone invest his all fund only in one token or coin and take high risk for get huge profit / loss then it will like gambling . but when someone invest his fund in multiple coins and take next normal risk then it called trading .that's it
You are so wrong about this, you might take a high risk and not gamble, and you might take a low risk and gamble. The difference between gambling and trading is just that in trading you are well informed about what you want to do and have the right plans to achieve the goal. You don't just dabble into things in trading, unlike in gambling.

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August 21, 2022, 08:36:40 PM
 #29

I don't really think much about data manipulation from the exchange because I think it really does exist. Exchanges can manipulate data publicly to show that their site has high trading volume and active traders. But if the exchange is new, I don't think the data will be real and we don't need to trade there. In addition, we already know an exchange that has a reputation and is a place of exchange for many traders so we don't need to use anything else.

So if we can choose a place of exchange and in trading, we can also use good analysis, we don't gamble because it's just guessing but we really try to find the best moment to enter the market. But all of that can be a gamble if we don't have much information about where the exchange is and what coins we trade.

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August 21, 2022, 09:40:16 PM
 #30

It's been years since we all know about this issue of false volumes, this is nothing new, now what I didn't understand with your post is about this issue of comparing trading with gambling when you know very well that they are different things and I don't understand where what volume Are fake exchanges related to gambling? I confess that your post and the title don't seem to be the same thing

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August 21, 2022, 10:09:38 PM
 #31

It's been years since we all know about this issue of false volumes, this is nothing new, now what I didn't understand with your post is about this issue of comparing trading with gambling when you know very well that they are different things and I don't understand where what volume Are fake exchanges related to gambling? I confess that your post and the title don't seem to be the same thing

As Baofeng has mentioned above, it seems the OP just want to promote his site.
Anyway, as we've seen this before many times, even the topic of comparing trading vs. gambling.
What we can deduce from this is that, some people are still looking at trading in the gambling perspectives.
At the end of the day, it depends on the user where he wants to risk his money but trading is less risky if you know the coin itself.
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August 22, 2022, 04:23:34 AM
 #32

It's been years since we all known about this issue of false volumes, this is nothing new, now what I didn't understand with your post is about this issue of comparing trading with gambling when you know very well that they are different things and I don't understand where what volume Are fake exchanges related to gambling? I confess that your post and the title don't seem to be the same thing
Most of us are already aware that fake volume still exists until now. Some projects are still doing the same strategy to deceive traders and to make their projects look alive. It's something that even newbies should avoid up to now. Trading and gambling both have risks but they work in different ways. We can't compare them because their common denominator is just the risk that we're taking.
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August 22, 2022, 05:41:56 AM
 #33

Although trading and gambling are two different things but they could be same in some cases like when you invest your money into shitcoins without having research for them and blindly follow some so called influencer advice then it's pure gambling and you tend to loose that money always but if you are doing proper research and having strategy to invest in particular coin that's trading not gambling.So you have to choose which category you belong to.

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August 22, 2022, 08:06:10 AM
 #34

We trade not gamble in the market, because those that gamble in trading find it difficult to earn more incomes like those  that have the knowledge on when to buy and trade in the market to make a good income at the end of the market. Don't gamble whenever you are trading your coins in the market, because it will not help you to enjoy what potential traders are enjoying from their professional trade than to make you keep losing in your income. Try to hold in this bearish season because it will really help you when the price increase higher before you can trade to make a good income from the market.

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August 22, 2022, 08:06:53 AM
 #35

Depending on your perspective in this regard, when we are aware of the current state of trading which is not very good and when we understand how to read movements and do research first before doing this then maybe I will say this as trading because it uses analysis there.
But when we can't do analysis and that is done only in guesswork I classify this as gambling because it relies solely on luck.
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August 22, 2022, 08:43:06 AM
 #36

Depending on your perspective in this regard, when we are aware of the current state of trading which is not very good and when we understand how to read movements and do research first before doing this then maybe I will say this as trading because it uses analysis there.
But when we can't do analysis and that is done only in guesswork I classify this as gambling because it relies solely on luck.
But as we are going to trade meaning that we are trading, not gambling in general. Well, we can say sometimes we ask for luck in trading but most of all we do analysis to work it well and make ourselves a trader, not like a wild guesser or something like using the crystal ball to see what might happen next.
Indeed, trading requires knowledge and skills in order to become profitable and much more we know how to make TA based on the market situation and price chart.

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August 22, 2022, 09:19:45 AM
 #37

With a mountain of competition in the trading industry of cryptocurrencies, I bet they will do this just to gain fame and possibly snatch some big traders from the popular ones. This is where reputation will be a big factor, although there are instances traders are forced to use what is in front of them because of country restrictions from the popular one.
Even if they want to use the trusted trading platform, they just can't because of the restriction and this is what new exchanges are taking advantage of.

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August 22, 2022, 10:16:48 AM
 #38

With a mountain of competition in the trading industry of cryptocurrencies, I bet they will do this just to gain fame and possibly snatch some big traders from the popular ones. This is where reputation will be a big factor, although there are instances traders are forced to use what is in front of them because of country restrictions from the popular one.
Even if they want to use the trusted trading platform, they just can't because of the restriction and this is what new exchanges are taking advantage of.
Perhaps, it was not a new thing hearing such manipulative trading volume just for the sake to gain fame and attention to the crowd, it was just like using a good bait to catch a huge fish. They are doing this so we would think that they are reputed and trusted exchanges due to their huge volume but behind that numbers, it was lies hidden. 
And do we think they can be trusted? As the majority are aware of this game, they will just fail.
That is why we should be careful when choosing an exchanges and we don't just focus on the volume but also consider their feedbacks.



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Rainbot
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August 22, 2022, 01:13:54 PM
 #39

But when we can't do analysis and that is done only in guesswork I classify this as gambling because it relies solely on luck.
A trader naturally has to work hard. He has to constantly keep track of the entire world economy. When a project get down or who is rising and who has more potential etc. things need to be keenly observed. Those who are able to do this are considered as traders and those who are on the contrary and depend on luck without knowing anything are said to be as gambling.

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August 22, 2022, 01:57:08 PM
 #40

Do we gamble or trade?
You misjudge and misinterpret between 'gambling and Trading.

Elon doesn't gamble, he buys crypto and does big buy and sell trades, he buys crypto cheaply at the time, of course trading has risks, if indeed the price of the crypto he bought went down, why did he keep it, of course he had to release it whenever he wanted, that's the common way of trading people, including Elon.

On the other hand, by gambling, you can't buy crypto there, at a low price and selling a high price scale, you need to deposit and bet, if you're lucky, of course you win, you need to know that if you gamble, you can't control your assets, trading you can still control your assets, I think you understand how to define gambling and crypto trading.

R


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