Mkelgodson
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October 01, 2022, 03:12:02 PM |
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A lot of people have this conflict about the difference between gambling and trading. What is the defining factor in considering both.
Gamblers are basically looking for luck from their prediction. So gambling is all about taking chance or luck of an outcome. A gambler who won a game is said to have luck on his side.
Trading is not about luck. No trader will have a successful trade and call it luck. In fact, a trader who makes successful trades cannot be said to have luck after luck as there's no such thing. TRADING IS NOT GAMBLING!
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Markinzo
Member
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Activity: 336
Merit: 41
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October 01, 2022, 06:38:10 PM |
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Trading is like gambling but can't be regarded as gambling just because it shares certain few features with gambling technicalities in terms of prediction, analysis and odds that be.
Getting into trading it's like trying to learn a skill with a sense of direction unlike gambling that's just mostly based on prediction and luck streaks.
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uchegod-21
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October 01, 2022, 06:46:10 PM |
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Trading is like gambling but can't be regarded as gambling just because it shares certain few features with gambling technicalities in terms of prediction, analysis and odds that be.
Getting into trading it's like trying to learn a skill with a sense of direction unlike gambling that's just mostly based on prediction and luck streaks.
In anything we do in life, nothing is so sure and certain. There is some iota of luck and there is some iota of skills. What differentiate the two is the level or percentage of lucky, compared to percentage of skill. The who that has higher percentage would be called the principal. For example, gambling is 70% luck and 30% skills and we say it is gambling. While trading is 70% skills and 30% luck and we call it trading. They share similar features and both has the ability to make one lose money.
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|MINER|
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October 01, 2022, 07:56:50 PM |
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Trading is like gambling but can't be regarded as gambling just because it shares certain few features with gambling technicalities in terms of prediction, analysis and odds that be.
Getting into trading it's like trying to learn a skill with a sense of direction unlike gambling that's just mostly based on prediction and luck streaks.
I think of trading as very similar to other buying and selling that we need in real life. As commodities are actually bought and sold and their prices fluctuate. But in Cryptocurrencies trading here the price fluctuate rate is high. On the others hand playing gamble where you can loose your all fund at once but in trading it will different because when you will face the loss you fund price will decrease .so trading and gamble can't be on that.
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nurilham
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October 01, 2022, 11:59:19 PM |
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Supposedly, trading is not the same as gambling, But in practice, many traders, especially beginners, carry out trading activities by gambling. Many of them don't start trading activities with some analysis but only based on their feeling, luck, or hype only. They only believe in what other people say, moreover they are influencers that really have a big influence. This case or trading activity should be done wisely, smartly, and also carefully, but in fact, not all people can do that. If someone is only laying their trading activities based on luck or without any analysis, this means that they are also gambling at once, aren't they?
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rendravolt
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October 04, 2022, 08:11:45 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. I know very well what you are saying, but at least with knowledge and trading experience we can avoid a lot of losses. I myself even suffered losses due to bad news and FUD. So I add that you need to be careful every time you make a decision when trading so as not to aggravate your financial loss.
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Mahanton
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October 04, 2022, 08:59:31 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. I know very well what you are saying, but at least with knowledge and trading experience we can avoid a lot of losses. I myself even suffered losses due to bad news and FUD. So I add that you need to be careful every time you make a decision when trading so as not to aggravate your financial loss. Every decision should really be think off carefully because it could neither cost us profit or would totally lose up money.There's no guarantee that every trade you would make out will eventually ending up profitable. Even if you are already that veteran or professional, then losses would be inevitable and this is should the thing you put up into your mind.Trading wont really be ending up like gambling if you do apply analysis and knowledge on every decision you would make.Any decisions in life and not only on gambling field which you dont really mind off or doesnt have the knowledge through it and just simply made out decisions without thinking up properly.
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lalabotax
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BK8 - Most Trusted Gambling Platform
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October 04, 2022, 09:59:10 PM |
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I know very well what you are saying, but at least with knowledge and trading experience we can avoid a lot of losses. I myself even suffered losses due to bad news and FUD. So I add that you need to be careful every time you make a decision when trading so as not to aggravate your financial loss.
Losses are very difficult to avoid. But with having sufficient knowledge and experience, we can minimize the chances of a big loss. People who don't have knowledge and experience may choose random meme coins or new coins, then lose all their money. That's why we need to have knowledge, to avoid choosing the wrong coins. Many people lose all their money because they don't know the potential or the risk of choosing crypto coins. They only choose coins that are the most hype at that moment, they buy in hurry without analyzing the coins first.
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Wawa2013
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October 04, 2022, 10:52:25 PM Last edit: October 04, 2022, 11:05:19 PM by Wawa2013 |
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I know very well what you are saying, but at least with knowledge and trading experience we can avoid a lot of losses. I myself even suffered losses due to bad news and FUD. So I add that you need to be careful every time you make a decision when trading so as not to aggravate your financial loss.
Losses are very difficult to avoid. But with having sufficient knowledge and experience, we can minimize the chances of a big loss. People who don't have knowledge and experience may choose random meme coins or new coins, then lose all their money. That's why we need to have knowledge, to avoid choosing the wrong coins. Many people lose all their money because they don't know the potential or the risk of choosing crypto coins. They only choose coins that are the most hype at that moment, they buy in hurry without analyzing the coins first. If we decide to trade crypto, it is impossible to avoid losses, even professional traders will experience losses. But if we are able to minimize our losses, and managed to generate greater profits than the losses we experienced, meaning that we are successful traders. It's not easy trading crypto, we have to learn a lot of things first and also practice a lot, and it requires a long process. Because becoming a successful trader can not be in a short time, so as long as we don't give up when we experience losses and continue to fix the mistakes we make, in the end we will become successful traders. That's why successful traders will not buy coins randomly, and will research and analyze which coins are profitable for trading. Then after that studying the movement of the coins, so it can predict where the coins will move. So trading can indeed be used as a main job, if we already understand how to trade well. Very different from gambling activities that only rely on luck, that is why trading cannot be equated with gambling.
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SOKO-DEKE
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October 05, 2022, 07:08:26 PM |
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Although both include risk, trading involves making predictions that are as accurate as possible, whereas gamblers are unable to make predictions and can only rely on chance, particularly when playing dice games. In a similar vein, a trader must support their trading with expertise, knowledge, and understanding of trade strategy, although gambling doesn't require much of this. Despite all this story trade will always be call trade and gamble will always be call gamble
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carlfebz2
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October 05, 2022, 07:29:46 PM |
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Although both include risk, trading involves making predictions that are as accurate as possible, whereas gamblers are unable to make predictions and can only rely on chance, particularly when playing dice games. In a similar vein, a trader must support their trading with expertise, knowledge, and understanding of trade strategy, although gambling doesn't require much of this. Despite all this story trade will always be call trade and gamble will always be call gamble
Its comparable on something that you do make out analysis when you do deal up with something is that you could really have a higher chance for you to make profits unlike on something that you do make pure guess or randomly making out choices which is the true essence when you do gamble.Trading could really be a gambling if you do just simply make out some trading decisions without any basis. Not only on trading but also in other things as well.If you dont apply something like analysis when making up decisions then it is purely a gamble thing.
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CapGelatik
Full Member
Offline
Activity: 1064
Merit: 100
Combo Network
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October 05, 2022, 08:51:39 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. I know very well what you are saying, but at least with knowledge and trading experience we can avoid a lot of losses. I myself even suffered losses due to bad news and FUD. So I add that you need to be careful every time you make a decision when trading so as not to aggravate your financial loss. Yes, having extensive knowledge and experience in trading I think it is a very valuable capital, basically trading cannot be separated from losses and that is indeed the risk, but at least with that knowledge and experience it can make us more careful and minimize the risk
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NicNacCoin
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October 05, 2022, 10:40:48 PM |
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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.
Yes it is definitely ok. Everyone is different from their place. You might give the gambling section it's purely on luck. Again trading someone you can give on luck but trading is complete It can be brought to one's mastery by analysis.However, both are very risky.And it doesn't matter that you may not have much experience especially on gambling.But you must have enough knowledge and experience on the trading platform otherwise you can never succeed in trading.As said earlier I definitely agree and I will also choose trading platform from gambling because in first case if I take loss then later I must try to recover from there.And the trading platform also has recovery options.And there is no recovery option in gambling section.
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