rendravolt
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September 25, 2022, 08:57:18 PM |
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If you really learn about trading with the correct analysis and pattern, it's not gambling. But if you just guess it will go up or down, of course it's gambling. So the thing to note is that you have to learn and get a lot of knowledge about trading in order to avoid losses.
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blockman
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September 25, 2022, 10:49:20 PM |
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If you really learn about trading with the correct analysis and pattern, it's not gambling. But if you just guess it will go up or down, of course it's gambling. So the thing to note is that you have to learn and get a lot of knowledge about trading in order to avoid losses.
Even if you learn and have knowledge in trading, you can't avoid losses. That's a fact that many traders are aware of. Even if you're the best crypto trader in town having the knowledge, experiences and everything, you can't skip the fact that you'll still have those time that you're going to lose but, having those will minimize it.
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CryptocurencyKing
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September 26, 2022, 12:06:26 AM |
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If you really learn about trading with the correct analysis and pattern, it's not gambling. But if you just guess it will go up or down, of course it's gambling. So the thing to note is that you have to learn and get a lot of knowledge about trading in order to avoid losses.
Even if you learn and have knowledge in trading, you can't avoid losses. That's a fact that many traders are aware of. Even if you're the best crypto trader in town having the knowledge, experiences and everything, you can't skip the fact that you'll still have those time that you're going to lose but, having those will minimize it. Businesses and investing is you actually gambling with loses. I am not in any way saying that trading or investments is a gamble instead, I am saying, there is always a risk of lose when ever your trying to make profit on an investment or business. Depending on your know how or how well, you are going to either profit or lose but, there will always be a difference as to what magnitude and how frequent you do this. That's what makes the most difference in all else, you can't really shy away from being met by loses. It's not how the system of profiting making works!
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BuNga_cute
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September 26, 2022, 04:55:49 AM |
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If you really learn about trading with the correct analysis and pattern, it's not gambling. But if you just guess it will go up or down, of course it's gambling. So the thing to note is that you have to learn and get a lot of knowledge about trading in order to avoid losses.
Even if you learn and have knowledge in trading, you can't avoid losses. That's a fact that many traders are aware of. Even if you're the best crypto trader in town having the knowledge, experiences and everything, you can't skip the fact that you'll still have those time that you're going to lose but, having those will minimize it. What you say is enough to explain that trading is not gambling, no matter how great our trading skills are, it is impossible to trade without losing at all. But what distinguishes trading from gambling, we can minimize the losses we experience when trading with an effective strategy. Very different from gambling which does rely on our luck to be able to profit, so it is very possible when gambling we lose until all our capital runs out. Therefore, gambling cannot be used as a source of income, while trading can be used as a main job if we really can generate profits which are greater than the losses we experience. That is why professional traders who trade as a main job still suffer losses. Because in trading it is impossible to avoid losses, there can only be minimize losses.
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iv4n
Legendary
Offline
Activity: 3332
Merit: 1191
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September 26, 2022, 08:42:58 AM |
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<snip>
There are gambling games that most of the time does not rely on luck, in which as like what you have said requires some knowledge and skills. One of these games is I believe a widely known game worldwide, Poker. Sometimes trading is also being connected with gambling since you are taking risk. But these two are really different from each other despite of them being seemingly alike. Well, poker is not so good example here, but betting on sports is! Poker is a live game, you need some different kinds of skills than for trading and sports betting. Following some team is similar to following a coin/token, you need to know the team, their weaknesses, and what they can do... then you add other teams and you have pairs, simply you need good research if you wish to make a good trade or to find some good pick in sports betting. And by the definition, if you invest in something to get more you are gambling, because there's no 101% safe investment, and you always can count your chances of winning and losing.
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blockman
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September 26, 2022, 10:52:47 AM |
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Even if you learn and have knowledge in trading, you can't avoid losses. That's a fact that many traders are aware of. Even if you're the best crypto trader in town having the knowledge, experiences and everything, you can't skip the fact that you'll still have those time that you're going to lose but, having those will minimize it.
Businesses and investing is you actually gambling with loses. I am not in any way saying that trading or investments is a gamble instead, I am saying, there is always a risk of lose when ever your trying to make profit on an investment or business. Depending on your know how or how well, you are going to either profit or lose but, there will always be a difference as to what magnitude and how frequent you do this. That's what makes the most difference in all else, you can't really shy away from being met by loses. It's not how the system of profiting making works! Yes, that's the essential comparison of trading, gambling and investments, we're talking about it with the risks that they all have. And they're not different for having it because they all do require to have risk and there's no risk free when there's a chance to gain money. The principle is what differs and everyone can have their own explanation towards the comparison of these ways of making money aside from gambling itself.
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deathcode
Copper Member
Sr. Member
Offline
Activity: 1428
Merit: 253
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September 26, 2022, 03:22:28 PM |
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If you really learn about trading with the correct analysis and pattern, it's not gambling. But if you just guess it will go up or down, of course it's gambling. So the thing to note is that you have to learn and get a lot of knowledge about trading in order to avoid losses.
Even if you learn and have knowledge in trading, you can't avoid losses. That's a fact that many traders are aware of. Even if you're the best crypto trader in town having the knowledge, experiences and everything, you can't skip the fact that you'll still have those time that you're going to lose but, having those will minimize it. What you say is enough to explain that trading is not gambling, no matter how great our trading skills are, it is impossible to trade without losing at all. But what distinguishes trading from gambling, we can minimize the losses we experience when trading with an effective strategy. Very different from gambling which does rely on our luck to be able to profit, so it is very possible when gambling we lose until all our capital runs out. Therefore, gambling cannot be used as a source of income, while trading can be used as a main job if we really can generate profits which are greater than the losses we experience. That is why professional traders who trade as a main job still suffer losses. Because in trading it is impossible to avoid losses, there can only be minimize losses. Not all gambling relies solely on luck. If you like sports betting, I think you will see the odds that result from 2 teams competing. together we must do research and gather information on what we will choose. in trading, it must be the same. Before planning, of course, there are tools used to make an analysis. if what is being compared is sports betting, it looks the same, doesn't it? maybe different if the comparison is a slot, dice, or card game.
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CryptoBuds
Legendary
Offline
Activity: 2268
Merit: 1052
HODL
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September 27, 2022, 12:03:39 PM |
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If you really learn about trading with the correct analysis and pattern, it's not gambling. But if you just guess it will go up or down, of course it's gambling. So the thing to note is that you have to learn and get a lot of knowledge about trading in order to avoid losses.
Even if you learn and have knowledge in trading, you can't avoid losses. That's a fact that many traders are aware of. Even if you're the best crypto trader in town having the knowledge, experiences and everything, you can't skip the fact that you'll still have those time that you're going to lose but, having those will minimize it. What you say is enough to explain that trading is not gambling, no matter how great our trading skills are, it is impossible to trade without losing at all. But what distinguishes trading from gambling, we can minimize the losses we experience when trading with an effective strategy. Very different from gambling which does rely on our luck to be able to profit, so it is very possible when gambling we lose until all our capital runs out. Therefore, gambling cannot be used as a source of income, while trading can be used as a main job if we really can generate profits which are greater than the losses we experience. That is why professional traders who trade as a main job still suffer losses. Because in trading it is impossible to avoid losses, there can only be minimize losses. Not all gambling relies solely on luck. If you like sports betting, I think you will see the odds that result from 2 teams competing. together we must do research and gather information on what we will choose. in trading, it must be the same. Before planning, of course, there are tools used to make an analysis. if what is being compared is sports betting, it looks the same, doesn't it? maybe different if the comparison is a slot, dice, or card game. It cannot be said that trading is another form of gambling, but gambling also has many types, including those where you need to have skill and experience to win rather than rely entirely on luck. For me, gambling and trading aside from their differences, there are also similarities. If you trade without knowledge then you are gambling, if you gamble with skills and experience that help you to win and give you good profits then that is also considered a business. Also, in many countries trading is considered legal and good business but gambling is illegal and you are a criminal if you organize gambling or engage in other forms of gambling. Therefore, it is impossible to say that they are the same, but that depends on each person's perspective.
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ItsCrafty
Full Member
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Activity: 826
Merit: 135
Tontogether | Save Smart & Win Big
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September 27, 2022, 03:32:41 PM |
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Gambling and trading vary considerably, and I agree that a professional should start focusing on trade rather than gambling. The truth is that when you gamble, all you can do is wish to gain, however when you trade, you have to pick a strong-based coin that will inevitably pump and benefit you. On the basis of the earnings they offer, there is actually a significant distinction.
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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September 27, 2022, 06:01:04 PM |
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Gambling is pure chance.
There are several different types of trading:
1. Buy and Hold. Long term traders who are actually more investors. They buy and hold it for a few months to a few years. 2. Day trading. Short term. They buy and sell within a few days. Not very often in the same day. 3. Scalping. Usually forex, but now we them in crypto. They buy or sell within minutes or even seconds.
The traders do all sorts of technical analysis and where you see all those charts with drawings.
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hashrateproducts
Full Member
Offline
Activity: 560
Merit: 143
Active 24/7
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September 27, 2022, 06:30:53 PM |
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Gambling and trading vary considerably, and I agree that a professional should start focusing on trade rather than gambling. The truth is that when you gamble, all you can do is wish to gain, however when you trade, you have to pick a strong-based coin that will inevitably pump and benefit you. On the basis of the earnings they offer, there is actually a significant distinction.
Gambling and trading are both anticipated for Profits and I'm fully into trading after having a big loss in gambling. They are both risky and one thing I know for sure is that gambling is more like an addiction, same thing to trading. Moreover trading required one to have a necessary compound skills in other to observe the market while gambling is just mere guessing and choosing for the big odds which are equivalent to gigantic profits. Trading coins pumps, profits suits in but if the coin dumps, you lose depending on your margin. While gambling, choosing small odds brings in small profits but with big odds, big profits are on the way.
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Free space
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sana54210
Legendary
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Activity: 3346
Merit: 1128
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September 27, 2022, 07:44:50 PM |
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Businesses and investing is you actually gambling with loses. I am not in any way saying that trading or investments is a gamble instead, I am saying, there is always a risk of lose when ever your trying to make profit on an investment or business. Depending on your know how or how well, you are going to either profit or lose but, there will always be a difference as to what magnitude and how frequent you do this. That's what makes the most difference in all else, you can't really shy away from being met by loses. It's not how the system of profiting making works!
Yes, that's the essential comparison of trading, gambling and investments, we're talking about it with the risks that they all have. And they're not different for having it because they all do require to have risk and there's no risk free when there's a chance to gain money. The principle is what differs and everyone can have their own explanation towards the comparison of these ways of making money aside from gambling itself. Calculating the risk and reward ratio is a big dale, it is not going to be that easy. Let's realize that it is not going to be easy for people to end up with this kind of risk and then get away with a big reward most of the time. Imagine you are gambling, you wager 1% chance to win for a 100x return, that means out of 100 tries, you will only win once on average, which could mean you could win it on your first try, or you could with in on your 185th try as well and lose money because of that. Hence, same goes with investment as well, the bigger the risk you are taking, the bigger the reward but the lower the chance of earning something. People see bigger risk and feel hyped about it but lower chance of earning is a better word for it.
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dunfida
Legendary
Offline
Activity: 3276
Merit: 1159
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September 27, 2022, 08:27:13 PM |
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Gambling and trading vary considerably, and I agree that a professional should start focusing on trade rather than gambling. The truth is that when you gamble, all you can do is wish to gain, however when you trade, you have to pick a strong-based coin that will inevitably pump and benefit you. On the basis of the earnings they offer, there is actually a significant distinction.
Gambling and trading are both anticipated for Profits and I'm fully into trading after having a big loss in gambling. They are both risky and one thing I know for sure is that gambling is more like an addiction, same thing to trading. Moreover trading required one to have a necessary compound skills in other to observe the market while gambling is just mere guessing and choosing for the big odds which are equivalent to gigantic profits. Trading coins pumps, profits suits in but if the coin dumps, you lose depending on your margin. While gambling, choosing small odds brings in small profits but with big odds, big profits are on the way. There's really difference in numbers if we do pertain about on how much we had risks and how much we had bet on.There are lots of similarities but totally different on the application of analysis that had been done. This is what makes trading is totally different with gambling, but hey its never been the same in terms of risk and how its been done.Trading would turn out to be a pure gamble if you dont apply analysis on it. Gambling is simply guessing on what would be the outcome but somehow there are games or particular bets which do really still require out that analysis like in sports and card games.
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blockman
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September 27, 2022, 09:25:52 PM |
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Yes, that's the essential comparison of trading, gambling and investments, we're talking about it with the risks that they all have. And they're not different for having it because they all do require to have risk and there's no risk free when there's a chance to gain money. The principle is what differs and everyone can have their own explanation towards the comparison of these ways of making money aside from gambling itself.
Calculating the risk and reward ratio is a big dale, it is not going to be that easy. Let's realize that it is not going to be easy for people to end up with this kind of risk and then get away with a big reward most of the time. Imagine you are gambling, you wager 1% chance to win for a 100x return, that means out of 100 tries, you will only win once on average, which could mean you could win it on your first try, or you could with in on your 185th try as well and lose money because of that. Hence, same goes with investment as well, the bigger the risk you are taking, the bigger the reward but the lower the chance of earning something. People see bigger risk and feel hyped about it but lower chance of earning is a better word for it. In investments and businesses, you can make it happen that if there's a small chance, you can increase that. The work that's needed for it to grow is much different than doing it with gambling that's why it's harder. You don't rely on luck mostly but you can have yourself as your only way to grow into those and multiplying your money through hard work, knowledge and little of the luck.
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BobK71
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September 28, 2022, 05:15:30 AM |
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Yes, that's the essential comparison of trading, gambling and investments, we're talking about it with the risks that they all have. And they're not different for having it because they all do require to have risk and there's no risk free when there's a chance to gain money. The principle is what differs and everyone can have their own explanation towards the comparison of these ways of making money aside from gambling itself.
Calculating the risk and reward ratio is a big dale, it is not going to be that easy. Let's realize that it is not going to be easy for people to end up with this kind of risk and then get away with a big reward most of the time. Imagine you are gambling, you wager 1% chance to win for a 100x return, that means out of 100 tries, you will only win once on average, which could mean you could win it on your first try, or you could with in on your 185th try as well and lose money because of that. Hence, same goes with investment as well, the bigger the risk you are taking, the bigger the reward but the lower the chance of earning something. People see bigger risk and feel hyped about it but lower chance of earning is a better word for it. In investments and businesses, you can make it happen that if there's a small chance, you can increase that. The work that's needed for it to grow is much different than doing it with gambling that's why it's harder. You don't rely on luck mostly but you can have yourself as your only way to grow into those and multiplying your money through hard work, knowledge and little of the luck. By business we mean investment. There can be profit and loss when you invest. There may be tangible or intangible assets. Where one can increase his wealth through hard work if he wants. Gambling, on the other hand, means only placing money in gambling that either returns or does not completely disappear. Considering all these aspects, gambling cannot be compared to trading.
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Pandu Geddon
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September 28, 2022, 05:36:28 AM |
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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.
I don't think the point is the indeterminate outcome. comparing gambling and trading, I guess have to see from the system work done. like gambling for sports betting, when you place a bet on a match between team A and team B. then you will put your money in one of the available opportunities. or maybe 2 bets. once you place a bet then you have no control over the money wagered. all depends on the results of the analysis of the match. If you win, you will get a profit. if you lose, you will lose. different from trading. they buy assets to trade, and control over those assets is entire with you. depending on your satisfaction you want to sell the asset at the price you want. if the market and prices are not in your favor, the decision is also yours. willing to hold or sell at a loss. no one forces you to lose your money in trading.
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TheUltraElite
Legendary
Offline
Activity: 3066
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Going to reach LEET merits soon!
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September 28, 2022, 11:38:40 AM |
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Gambling and trading vary considerably, and I agree that a professional should start focusing on trade rather than gambling. The truth is that when you gamble, all you can do is wish to gain, however when you trade, you have to pick a strong-based coin that will inevitably pump and benefit you. On the basis of the earnings they offer, there is actually a significant distinction.
The problem is that to some people the addictive nature of trading for short terms gains is likened to the dopamine rush experienced by gamblers. This is true in a large sense and hence th se topics becom very debate worthy. Thing is that whether one gets addicted to trading and it's short term gains is a personal choice. Being diligent about your investments, one can make a lot of long term profits from trading if done right. Specially bitcoin trading in the long term and avoiding altcoins which are mainly short term.
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Uzairjutt275
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Activity: 210
Merit: 22
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September 29, 2022, 06:29:38 PM |
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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.
Gambling and trading both are different. I think Gambling is not much benefit and good. But sometime take profit but not give to make us Rich. Trading always give profit because skills and knowledge always give profit not lose
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alik111
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Activity: 362
Merit: 12
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September 29, 2022, 06:40:40 PM |
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Trading isn't a form like gambling because in trading you have to make research and make the proper analysis before investment. So gambling is fully a different form and trading is not like gambling.
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SOKO-DEKE
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September 29, 2022, 07:59:06 PM |
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Trading and gambling are frequently compared, however the connection is not entirely accurate. However, there are some similarities between the two ideas. You will have a lot better understanding of what it really means to be an investor once you realize how trading differs from gambling. You will need to learn about markets, technical indicators, chart analysis, and financial statement reading in order to trade. To play casino games, you only need to be of legal age.
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