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Author Topic: Is trading gambling in another form?  (Read 1270 times)
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August 25, 2022, 02:22:59 PM
 #1

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

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August 25, 2022, 02:29:53 PM
 #2

Gambling is gambling, trading is trading. They are not the same, but both are very risky. If gambling, you may not have much to learn, there are varieties of gambling games that is very easy, but if you want to trade, you have to learn it. If I should choose one, I would prefer trading, but the losses can be the same for newbies, even many people that is trading for over a long time can still be losing.

Use the amount of money that you can afford to lose to trade or gamble.

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August 25, 2022, 02:46:11 PM
 #3

I put my money to 5 cryptocurrency for 5 years holding, only 2 cryptos is make a good profit, while the other 3 cryptos is make me lost, it's a gambling?

I run 3 business with my own money, only 2 business is successful and make a profit, while the another one is already bankrupt and I lose all of my money, it's a gambling?

I already work for a long time in a small company but got paid under average, someone offer me to work in big company and promise to give me higher salary, but I don't know the boss, the environmental, and the pressure. It's a gambling?

Stop calling all stuffs is gambling when there's a relation about financial or choice, it's completely different since each of them work different.



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August 25, 2022, 02:46:51 PM
 #4

Actually, trading is not too risky as gambling except if you are trading on leverage which is very risky compared to spot trading.
The difference is if you lose in spot trading you only lose a few percent of your holdings compared to betting where you can lose them all.
You have more chance to make a profit in trading if you have knowledge about trading analysis while gambling is always based on your luck.

And honestly, why did you create this thread which is already being discussed here on the forum here https://bitcointalk.org/index.php?topic=5406259.0

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August 25, 2022, 04:25:26 PM
 #5

Gambling is betting something valuable on an uncertainty outcome right?
This is the blanket definition of gambling, there are more niche ones which are particularly on placing bets on the outcomes of games.
Gambling as a concept is represented in many things we do; if you take up a new job in a new, developing city with potential for expansion, you are taking a gamble, if you guess an option in an exam, of which you are not sure of the answer, you're also taking a gamble. In this definition, trading has a bit of gambling in it.

Trading is a bit of a gamble, but, it's not the same as placing bets on real or virtual games. It however, has some similarities with them, imo.

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August 25, 2022, 04:43:44 PM
 #6

Trading and gambling are two different entities.

Trading is investing in a business or stock in hope of it rising so you can make some profit.
Gambling is investing or spending on a game and hoping for it to fall out right.
In trading, there are fundamental analysis and critical analysis you have to do before putting your money into it.
But in gambling, you've got zero power or control over it.
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August 25, 2022, 11:13:16 PM
 #7

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.
Well,  on a deeper context,  I will agree with you that trading is like gambling,  but not gambling itself ,  but also,  I will point out that not all trading are actually like gambling.

First,  trading blindly can be likend to gambling, since that trader is only depending on luck to earn profit.

Secondly, the other trades where the trader knows what he or she is doing,  that is based on the traders market analysis or information he or she has, that trade is guaranteed to yield profit for the trader ~ this is the type of trade that is actual trading,  that is,  trading with confidence and certainty even in a crypto market that is filled with uncertainties.

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August 25, 2022, 11:49:03 PM
 #8

The main characteristic of gambling is not uncertainty of the outcome, it's known probability and fixed odds that are stacked against the player. In trading the probabilities of outcomes are unknown, so you can't even know in whose favor are the odds. If you are doing short-term speculative trading, then it resembles gambling, because it's nearly impossible to make a rational prediction that would be correct more often than not. But long-term investing that is based on some solid analysis is more likely to be profitable than not, so it's not like gambling at all.
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August 25, 2022, 11:56:47 PM
 #9

Gambling is gambling, trading is trading. They are not the same, but both are very risky. If gambling, you may not have much to learn, there are varieties of gambling games that is very easy, but if you want to trade, you have to learn it. If I should choose one, I would prefer trading, but the losses can be the same for newbies, even many people that is trading for over a long time can still be losing.

Use the amount of money that you can afford to lose to trade or gamble.
Gambling is somehow linked to trading but in reality, they are much different. As trading creates more opportunities to win and make profits, while gambling clearly put you into more losses particularly for newbies who  always bet for long and only stops when they start winning. Though both have risks in common, but there is always advantage in trading especially if you become a pro in it since the outcome of your trades will be most likely become successful.

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August 25, 2022, 11:57:23 PM
 #10

If what you are doing is trading but you do it like gambling then that's gambling, I mean if you play it like you are gambling then you are gambling. Trading is different to gambling if you know what you are doing since you do it with your own strategy the same as gambling.

They just said it that trading is like gambling because if you don't know what you are doing then you probably are playing gambling like you are guessing and you trade like you don't have no price target to hit. More like of you're playing just to entertain yourself that's why there's a do your own research and practice the basics first.

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August 26, 2022, 03:55:37 AM
 #11

Gambling is gambling. Trading is trading. You might connect each other in some scenarios but they are completely different. What makes them the same though is you can both win and lose.

Trading can be considered gambling if only you don't know what you are doing. Professional traders tend to win more and loss less. Newbie traders are a complete opposite. In gambling, a professional gambler can still lose more and win less especially if he isn't lucky and newbie gamblers? Well they lose all of their money sometimes in an instant. I don't consider trading another form of gambling for me because in gambling, you need luck while in trading, you need experience and strategies in order to gain profits.

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August 26, 2022, 06:04:28 AM
 #12

Thanks for your answers guys, spot trading is the safest and futures is the craziest, the closest to gambling in crypto trading is futures, I will leave things like this so thanks for all your contributions.

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August 26, 2022, 06:25:02 AM
 #13

As far as you don't know if you will lose or win you are already in a gambling position, when you take a risk on something that means you aren't sure of its outcome so there for its still a gamble for me, trading is predicting where the market is headed, that makes it a gamble.

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August 26, 2022, 08:16:11 AM
 #14

I put my money to 5 cryptocurrency for 5 years holding, only 2 cryptos is make a good profit, while the other 3 cryptos is make me lost, it's a gambling?

I run 3 business with my own money, only 2 business is successful and make a profit, while the another one is already bankrupt and I lose all of my money, it's a gambling?

I already work for a long time in a small company but got paid under average, someone offer me to work in big company and promise to give me higher salary, but I don't know the boss, the environmental, and the pressure. It's a gambling?

Stop calling all stuffs is gambling when there's a relation about financial or choice, it's completely different since each of them work different.

But there is one you have not mentioned which is what that is most pertaining to this discussion, that is crypto tradong itself, some people are not traders but gamblers, example is a person that heard about trading, he just learn the basic and trade with high amount of money, only what he realized are losses, that is not a trader, but a gamblers, anyone that do not make appropriate analyses for trading are gamblers, so some traders are gamblers, but trading is not gambling.

You are right about that, which is what you are trying to prove, that life is all related to gambling.

Trading can be considered gambling if only you don't know what you are doing.
Ignorance is very dangerous, they would think they can do it until they are losing, just like in gambling too, addicts want to turn gambling to a money making opportunity, but they also keep on losing until they experienced the reality.

Thanks for your answers guys, spot trading is the safest and futures is the craziest, the closest to gambling in crypto trading is futures, I will leave things like this so thanks for all your contributions.
All trading are risky, only leveraging makes trading to be riskier. If you go 1x for both margin and derivatives (future), they are not riskier than spot, if you start to leverage, going for 2x and on, margin and derivative trading are considered to be riskier. Derivative trading just give the opportunity to long and short.

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August 26, 2022, 08:52:22 AM
 #15

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.
Both gambling and trading are risky ventures in which one can either win or make loss. I don't think the term addiction rhymes with trading other that it's counterpart, gambling. Trading may undergo pricing and negotiation, along with delivery and duty charges, whereas I doubt gambling and claiming your reward ever undergoes such process after.  The distinction between both is more than it's similarities. unless you can confidently tell someone you work as a gambler, then there's no reason to think trading could be a form of gambling.

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August 26, 2022, 09:33:23 AM
 #16

Both gambling and trading are risky ventures in which one can either win or make loss. I don't think the term addiction rhymes with trading other that it's counterpart, gambling.
Yes, trading and gambling have more differences than similarities, but you can be addicted while trading.

If a gamblers is addicted, money loss is the end result, but a trader can be addicted, make money and because of that, be devoting more time to trading, having a TV screen for screen trading (I mean watching the candle stick), not sleeping early and sacrificing his time for just trading, but a good trader will make profit than loss.

But on the other side is that a trader can continue to lose and yet continue to trade, that is addiction also. Someone that is trading and losing can be compared to someone that is gamblimg and losing. But that does not mean they are the same, but the losses for gamblers and poor traders can be the same.

Know that you can be addicted to anything, it can be gambling, trading or drug etc, but addiction is not good as it can affect health and wellbeing.

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August 26, 2022, 09:52:28 AM
 #17

If you think about it, there's always a gambling aspect with almost anything concerning making money. Trading is gambling if you don't know what you're doing just as starting a business in a niche you know nothing about is a gamble.

Also, the 6 wins out of 10 trades thingy is oversimplifying it because it doesn't take into consideration the trade sizes. You might only win 6 out of 10, but if you have higher capital allocations on the individual trades on the winning trades, then you're winning a lot more than it looks.

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August 26, 2022, 11:17:27 AM
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 #18

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.
Let me tell you outrightly that trading is not gambling, they are just different. In trading you have strategy, plan and management, so you are not gambling since you know what you are doing. But in gambling, you are doing guesswork, no strategy, or management and you are not having a real plan but using ideas.

And the winning 6 and losing 4 trade you used as an example is the challenge and risk in trading, mind you, the table might turn as a good strategy should win 5, 7,8,9 10 in 10 trades depending on the favorability of the market at that time.

We should all admit that trading does not come easily, it is all about patience, discipline, calculations, a good system, management and time-proof plans that will earn consistently. Earning constantly does not also mean you will win every trade every day, but means that your losses are lower than your winnings and are well managed in a way that will never ruin your trading account as though you are gambling.

there are more niche ones which are particularly on placing bets on the outcomes of games.
Nice! But he is referring to gambling in trading, nothing relating to betting. He wouldn't have linked this together with trading if it were to be gambling in the wider context in which betting is among.

But there is one you have not mentioned which is what that is most pertaining to this discussion, that is crypto tradong itself, some people are not traders but gamblers, example is a person that heard about trading, he just learn the basic and trade with high amount of money, only what he realized are losses, that is not a trader, but a gamblers, anyone that do not make appropriate analyses for trading are gamblers, so some traders are gamblers, but trading is not gambling.
You are getting this better than many I had read their replies here. They are regarding gambling in the wider context but not within the trading context itself. Nonetheless, anybody who dabbles in trading when they are not well informed about it is a gambler. There is no way they will not gamble as trading is unknown to them.

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loveselenagomez
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August 26, 2022, 12:04:05 PM
 #19

Off course not, trading is not a gambling form. trading is trading with very low risk investment. & Gambling is 99% risk,any time your money will be gone in gamble.

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August 26, 2022, 12:15:21 PM
 #20

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.
Its the same both are risking with different level of risk.  Only on gambling there is a sequence and sometime it could be trick or known the tehnique while trading also involves some prediction on past result but not guaranteed.  Also can incurred some losses even you are following a right basics and knowledge of trading.

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