BlackRexuz
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December 12, 2022, 03:56:18 PM |
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We're merely plebs, many of us. Although there are also casino whales in the forum, I believe it's the best advice for everyone, especially plebs, to play only the casino games with the lowest house edge available. BlackJack, Craps, and Roullette IF you just bet on Red or Black.
I think that doesn't change the fact that our winning chance is still by luck. Although Blackjack should be associated with a good decision, we are still playing against the house. Craps is also a difficult game that's why even though it was stated that the house edge of this game is between 0 - 16.67%, still, if luck doesn't come to us we will be doomed. Roulettes, even if we just have to bet on red or black is also a difficult game. In conclusion, we can't really feel that these casino games really have the lowest house edge. For me, just choose the game we are comfortable to play with. BJ is completely random. You can see online guides that show the best percentage chance of winning at each number that you and the dealer have. These are called hit or stand charts, but they're just a guideline like the ones in poker where they tell you what you should do, but I've seen plenty of rounds where I had 19 or 20 and the dealer got 21. I've also played games of BJ where the dealer got above 19 multiple times in a row. It's still a game of chance that gives you a greater feeling of control than slots roulette, but not as much control as poker. I love playing Blackjack and always to to play by those charts as that in the long run gives you the best chance of being a consistent winnr. It's really hard to play what is considered "by the book" at a table where other players are playing terribly though, so you have to be aware of the players around you and decide if you want to stay at that table or try to find a better group to play with. Most casinos online and live usually have multiple table. Your view on poker I 100% agree with. You control your fate more in poker. If the percentage is small then I will leave the table, because it is difficult to win, I am more looking for something that is more profitable than having to stay at a table that is no longer possible to win, at least that goes back to someone's luck playing Poker or Blackjack, my online and live casino I prefer online casino games because I always play them, rather than Live although there is no difference, but I play online more often because I can control myself if I go overboard.
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Fivestar4everMVP
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December 12, 2022, 04:56:45 PM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade You are correct, and I completely agree with you, I am a gambler and also a trader and personally from my experience, gambling is indeed more stressful than trading, though trading have many branches, like spot, futures/margin etc, the one with the lesser stress or maybe with almost no stress at all is spot trading, but when it comes to futures trading, I can tell you that trading futures blindly is almost as stressful as gambling is, but over all, gambling is still more stressful, the kind of anxiety and anxiousness I feel when I gamble(most especially when I am on a losing streak) is far more greater than what I feel when I am loosing in futures trading. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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abel1337
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December 12, 2022, 05:09:21 PM |
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-snip IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade You are correct, and I completely agree with you, I am a gambler and also a trader and personally from my experience, gambling is indeed more stressful than trading, though trading have many branches, like spot, futures/margin etc, the one with the lesser stress or maybe with almost no stress at all is spot trading, but when it comes to futures trading, I can tell you that trading futures blindly is almost as stressful as gambling is, but over all, gambling is still more stressful, the kind of anxiety and anxiousness I feel when I gamble(most especially when I am on a losing streak) is far more greater than what I feel when I am loosing in futures trading. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) We all have different experiences but I can consider gambling more fun than trading. There are pressure on both trading and gambling especially if you are chasing the profit you want to get. I remember before when I was still doing futures trade, I'm stressed on every trade I'm doing because of the chance of being liquidated that's why I choose to stay on doing spot trades because it's less stressful. But over all I'm more happy on doing gambling especially when I play my favorite gambling games which is crash and blackjack. There's that pressure but I consider it as a thrill on gambling and I don't convert it to stress like any other people.
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EarnOnVictor
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December 12, 2022, 05:49:26 PM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade I wanted to second you on this, but on second thought, I guess it's all about the kind of gambler and trader you are. When it comes to stress, gambling and trading are stressful in some approaches, and not stressful in others. The gamblers following your approach might surely be stressed, but what about the gamblers that do not follow your approach, but are relaxed and bet in a way that keeps them waiting longer for the result while they are away? This is as a trader that scalps could be so stressed since such would have to always be on the screen to get it done.
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khaled0111
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December 12, 2022, 08:31:55 PM |
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^^ I don't get why are you guys comparing trading to gombling! Some may say that because the inpredictability of price movements you can bet on whether the price will go up or down. That's not correct because tokens/coins prices do not move based on luck, like on gambling. Besides, gambling is supposed to be an entertaining activity while trading is more of a business or investment.
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delfastTions
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December 13, 2022, 01:38:47 PM |
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^^ I don't get why are you guys comparing trading to gombling! Some may say that because the inpredictability of price movements you can bet on whether the price will go up or down. That's not correct because tokens/coins prices do not move based on luck, like on gambling. Besides, gambling is supposed to be an entertaining activity while trading is more of a business or investment.
I also don't quite understand why our esteemed colleagues on the forum started discussing trading in this topic? And here is trading, when it comes to gambling that ordinary people play, as they say "plebs" here. Actually, in my opinion, all the gambling games that we know with you and even those local games for money that we don’t know, because we live in other countries, in other cultures, and only from the Internet can we find out what exotic and not very well known gambling in the world exists at all. So here it is! Are we talking about the fact that most likely there is some kind of betting limit (apparently expressed in usa dollars), which just divides the players into plebs, and into "super, Profs" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ? I think that such a border runs somewhere in the region of several thousand dollars. And what do you think, maybe these $100-200? And in some countries, even ten or twenty dollars. In my opinion, this is how it is worth solving the issue of "plebs" / "no plebs" ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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danadc
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December 13, 2022, 08:03:27 PM |
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We're merely plebs, many of us. Although there are also casino whales in the forum, I believe it's the best advice for everyone, especially plebs, to play only the casino games with the lowest house edge available. BlackJack, Craps, and Roullette IF you just bet on Red or Black.
I think that doesn't change the fact that our winning chance is still by luck. Although Blackjack should be associated with a good decision, we are still playing against the house. Craps is also a difficult game that's why even though it was stated that the house edge of this game is between 0 - 16.67%, still, if luck doesn't come to us we will be doomed. Roulettes, even if we just have to bet on red or black is also a difficult game. In conclusion, we can't really feel that these casino games really have the lowest house edge. For me, just choose the game we are comfortable to play with. BJ is completely random. You can see online guides that show the best percentage chance of winning at each number that you and the dealer have. These are called hit or stand charts, but they're just a guideline like the ones in poker where they tell you what you should do, but I've seen plenty of rounds where I had 19 or 20 and the dealer got 21. I've also played games of BJ where the dealer got above 19 multiple times in a row. It's still a game of chance that gives you a greater feeling of control than slots roulette, but not as much control as poker. I love playing Blackjack and always to to play by those charts as that in the long run gives you the best chance of being a consistent winnr. It's really hard to play what is considered "by the book" at a table where other players are playing terribly though, so you have to be aware of the players around you and decide if you want to stay at that table or try to find a better group to play with. Most casinos online and live usually have multiple table. Your view on poker I 100% agree with. You control your fate more in poker. If the percentage is small then I will leave the table, because it is difficult to win, I am more looking for something that is more profitable than having to stay at a table that is no longer possible to win, at least that goes back to someone's luck playing Poker or Blackjack, my online and live casino I prefer online casino games because I always play them, rather than Live although there is no difference, but I play online more often because I can control myself if I go overboard. The thing about winning and having more copies to win through the poker is one of the things that I think can be most possible to have money or make money, but I think that if you play against other people it is the best, right? I feel that when we enter a casino to play black jack we have more chances to win, I think I also have that thought because it is the easiest for me to play and also because I like it, black jack and poker is one of the games where this is the case. Since you can win, you can lose a lot of money without having to make a lot of effort, and that is what you have to take care of, money when you play a lot is easier to lose if you do it improperly.
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sunsilk
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December 13, 2022, 10:43:48 PM |
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^^ I don't get why are you guys comparing trading to gombling! Some may say that because the inpredictability of price movements you can bet on whether the price will go up or down. That's not correct because tokens/coins prices do not move based on luck, like on gambling. Besides, gambling is supposed to be an entertaining activity while trading is more of a business or investment.
There's an unending comparison of gambling and trading, one of the reasons is risk and they just can't get hold of it because they think that it's necessary to compare them. But it's true, gambling is a way to get entertained and either win or loss as long as you get the essence of having fun and that's it. While in trading, it's entirely different, you'll have no other mindset there but to win your trades or else learn and repeat.
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2double0
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December 13, 2022, 11:11:04 PM |
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I think it depends on the table you play at, the shoe that starts or the cards that have been played already in the BJ session. I count cards, I know it's not a good strategy and can make me lose countless number of times because every time we see a loss, one or more people on different seats leave the table making it difficult for you to understand what's coming your way next. Sometimes, my target gets hit but mostly it is random till I remain in the game with either the whole table as 'full' or I play there 'alone' because that gives clear basic understanding of what you may expect next.
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wxa7115
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December 14, 2022, 06:12:03 AM |
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I think it depends on the table you play at, the shoe that starts or the cards that have been played already in the BJ session. I count cards, I know it's not a good strategy and can make me lose countless number of times because every time we see a loss, one or more people on different seats leave the table making it difficult for you to understand what's coming your way next. Sometimes, my target gets hit but mostly it is random till I remain in the game with either the whole table as 'full' or I play there 'alone' because that gives clear basic understanding of what you may expect next.
If you know how to use it card counting then it is in fact a good strategy, it is so powerful that most casinos will ban you immediately once they know for sure you are counting cards. However like any strategy that you can employ in a gambling game it is not guaranteed to work all the time, as over the years there have been many people that tried card counting and they failed to make any money as they did not had the mental skill to count cards under the difficult conditions found at a casino or they simply lacked the money to deal with the losses the strategy could bring to them on the short term.
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Peanutswar
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December 14, 2022, 11:11:18 AM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade Well it depends on the person because we know that trading and gambling is in different aspects, in trading, you are aiming to make an open trade or position and those are based on your knowledge and skills, and one of the goals is to earn, in gambling your only goal is to win and get entertained you don't need to think about too much unless you are taking this thing seriously and like a source of income like other people that's the reason why they got frustrated in too much playing of gambling.
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Wind_FURY (OP)
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December 14, 2022, 11:42:22 AM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade Well it depends on the person because we know that trading and gambling is in different aspects, in trading, you are aiming to make an open trade or position and those are based on your knowledge and skills, and one of the goals is to earn, in gambling your only goal is to win and get entertained you don't need to think about too much unless you are taking this thing seriously and like a source of income like other people that's the reason why they got frustrated in too much playing of gambling. It depends on the what casino games/gambling games you play or have been playing. Because if you truly have a deep shower-thought about it, isn't trading also an act of risk-taking and also a form of "gambling"? In BlackJack, there is a skill involved that makes house edge smaller, in Poker it's another game of skill with some gambling features like BlackJack. In Craps it's also the same as the other two, it's not like SicBo wherein your destiny is made in one roll. There are some bets in Craps that require more than one roll, therefore it encourages skill and strategy.
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LUCKMCFLY
Legendary
Online
Activity: 2520
Merit: 1872
Leading Crypto Sports Betting & Casino Platform
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December 14, 2022, 09:52:59 PM |
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I'm actually a little dissatisfied with why the OP thinks that there should be some kind of special casinos for the plebs. Of course when betting thousands of dollars in a gambling area like Las Vegas, it's not for the plebs. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) And that those millionaires who play there are better than those players who bet $10. How are they better??? Yes, they are all much worse than us ordinary people who honestly earn a living, and do not squander crazy money from the inheritance, or people like SBF (Well, of course, until the collapse of FTX! ) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ). In general, it is unfair to divide players into plebs and no-plebs. Where is the boundary of such a division - there is none! Well, in that you also have to do a little analysis, it is not the same as those people who have so much money and bet big, obviously they have a bigger stomach to bear certain types of expenses, while people who do not have so much money must place bets more moderate without spending a lot, a player regardless of their economic position must do and have control of their expenses, and what is allowed to win or lose, is not something simple, even those who have the most money can lose a lot and become decapitalized, If there is an amount of money willing to lose, it is what can be enjoyed in the game and at the same time have options to win.
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Wind_FURY (OP)
Legendary
Offline
Activity: 3024
Merit: 1881
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December 15, 2022, 05:33:01 AM |
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I'm actually a little dissatisfied with why the OP thinks that there should be some kind of special casinos for the plebs. Of course when betting thousands of dollars in a gambling area like Las Vegas, it's not for the plebs. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) And that those millionaires who play there are better than those players who bet $10. How are they better??? Yes, they are all much worse than us ordinary people who honestly earn a living, and do not squander crazy money from the inheritance, or people like SBF (Well, of course, until the collapse of FTX! ) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ). In general, it is unfair to divide players into plebs and no-plebs. Where is the boundary of such a division - there is none! Well, in that you also have to do a little analysis, it is not the same as those people who have so much money and bet big, obviously they have a bigger stomach to bear certain types of expenses, while people who do not have so much money must place bets more moderate without spending a lot, a player regardless of their economic position must do and have control of their expenses, and what is allowed to win or lose, is not something simple, even those who have the most money can lose a lot and become decapitalized, If there is an amount of money willing to lose, it is what can be enjoyed in the game and at the same time have options to win. I believe delfasTions didn't get the actual context of where my viewpoint is for the topic. I was merely suggesting that for plebs like us, it might better to play more casino games with lower house edge because it would make us lose less, and make is lose in a slower rate than the average. Plebs like us don't have much money to use for gambling, so if a pleb wants to gamble, it might be good to have a wiser casino game preference with lower house edge, like BlackJack or Craps.
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paxmao
Legendary
Offline
Activity: 2310
Merit: 1598
Do not die for Putin
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December 16, 2022, 05:55:16 PM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade In my view you cannot really compare gambling and trading. Gambling should not be stressful, it is just a game and it has to be played for leisure, except pro-poker and the like. But trading is not a game, it is a real profession and done properly, is based on facts and analysis, a different thing is people trying to think of it as being a game. I would rather say it may be a profession.
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wxa7115
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 06:19:03 AM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade Well it depends on the person because we know that trading and gambling is in different aspects, in trading, you are aiming to make an open trade or position and those are based on your knowledge and skills, and one of the goals is to earn, in gambling your only goal is to win and get entertained you don't need to think about too much unless you are taking this thing seriously and like a source of income like other people that's the reason why they got frustrated in too much playing of gambling. It depends on the what casino games/gambling games you play or have been playing. Because if you truly have a deep shower-thought about it, isn't trading also an act of risk-taking and also a form of "gambling"? In BlackJack, there is a skill involved that makes house edge smaller, in Poker it's another game of skill with some gambling features like BlackJack. In Craps it's also the same as the other two, it's not like SicBo wherein your destiny is made in one roll. There are some bets in Craps that require more than one roll, therefore it encourages skill and strategy. Without a doubt both gambling and trading share some similar characteristics, and it is true that in both you are taking a risk, however the difference is that in trading you can more accurately control the risk you are willing to take. For example on the roulette you can decide the bet you make, but you cannot change the underlying probabilities of the bet itself, however if you buy bitcoin it is completely different to do it at 60k than at 16k, on the first scenario people were buying near the ATH and this was too risky, while anyone that buys at 16k is doing so near the bottom, so the risk of a crash after you buy is lower.
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LUCKMCFLY
Legendary
Online
Activity: 2520
Merit: 1872
Leading Crypto Sports Betting & Casino Platform
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December 20, 2022, 02:37:30 PM |
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That thing about the gurus from Africa strikes me, I really think this was what Sadio Mané resorted to when he went to see if those characters were going to cure him, and it's like you say, everything is that no one can predict what can go out to win or not, however in lotteries I always leave everything to chance, it is much better because when you are disappointed with being able to win, when you do not disappoint, it can make you sad. what makes me very shocked is that people who are rich in my country look for these healers so that the healers can consult the espiritus and see the future of these rich people, so these healers charge high values for the predictions of the future, something like 1000$ a 10,000$ and these rich guys from my country pay these high amounts of money and they are deceived, I don't understand how rich people can be deceived in something so obvious, but they think they are rich thanks to the healer, it's a very sad situation indeed With regard to Plinko, I always play at Betfury, the truth is that if you try to hit it with all the things they have and their levels of difficulty are many, obviously when you choose the most difficult one, it is the one that has the most profits, but it is a game that in my opinion is very entertaining and exciting, when I leave it in automatic mode the emotions are much stronger. I suggest you take some time to do some research on this Betfury casino, especially look at the reviews that are on trustpilot, these are not good reviews, definitely something you need to see Well, with regard to the sorcerers and all that, where I live is also like that, many people who have a lot of money only worry that they are examining themselves with these people and it is true, what they do is take money from them, and the sorcerers tell them that they have to pay them large sums of money to continue having the same luck that they have had up to now, of course this is something that goes very against what I think, for me these things are far below what someone should take into account his spiritual development, owing favors to spirits and stuff, well, it doesn't go with me. Yes, I have already seen the opinions and what a thing, in any case, that is something that is good and sad, I have already stopped playing there. Having to check something constantly everyday is against human nature, we always forget it eventually, even in many games where there are rewards and bonus where you need to at least login once a day to claim it, I keep forgetting about it.
The more you check it the better and I feel like people will be quite happy with the results if they could just focus on collecting these and gamble with it, but if they can't and sometimes (rarely) forget that is only human nature and nothing wrong with that. I know many people keep talking about how they could do a lot more and so forth but this one is not really that much of a big shock, you can sometimes forget and it's okay.
That is something that I also consider to be the case, but for that there are reminders, of course, although that is not my thing, I am not one of using many agendas or something like that, usually I always have in my mind 2 or 3 maximum casinos with loo which is when I am interested in contests, I cannot deny that Rollbit is one of those casinos, because I really like what it has done with the NFTs, because they have recovered a technology that what they did was put it very badly by the year 2021, now that with the NFT games that some devs made, they managed to scam many people who lost large amounts of money, which unfortunately everything stayed that way.
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klidex
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 04:21:57 PM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade Well it depends on the person because we know that trading and gambling is in different aspects, in trading, you are aiming to make an open trade or position and those are based on your knowledge and skills, and one of the goals is to earn, in gambling your only goal is to win and get entertained you don't need to think about too much unless you are taking this thing seriously and like a source of income like other people that's the reason why they got frustrated in too much playing of gambling. It depends on the what casino games/gambling games you play or have been playing. Because if you truly have a deep shower-thought about it, isn't trading also an act of risk-taking and also a form of "gambling"? In BlackJack, there is a skill involved that makes house edge smaller, in Poker it's another game of skill with some gambling features like BlackJack. In Craps it's also the same as the other two, it's not like SicBo wherein your destiny is made in one roll. There are some bets in Craps that require more than one roll, therefore it encourages skill and strategy. Without a doubt both gambling and trading share some similar characteristics, and it is true that in both you are taking a risk, however the difference is that in trading you can more accurately control the risk you are willing to take. For example on the roulette you can decide the bet you make, but you cannot change the underlying probabilities of the bet itself, however if you buy bitcoin it is completely different to do it at 60k than at 16k, on the first scenario people were buying near the ATH and this was too risky, while anyone that buys at 16k is doing so near the bottom, so the risk of a crash after you buy is lower. However, I don't think there is even the slightest similar characteristic of gambling or trading. Even though it is true, I admit that from gambling or trading, each has its own risks, whether big or small. It's just that in gambling there are also actions to minimize the risk of losing money, for example in a roulette game a gambler can place a bet by risking 2 columns at once on a column that has a larger proportion for the ball stopping. With the same amount of bets, the win will be 3x of the number of bets and it can be concluded that you get a profit of 1 from the amount of capital used to bet
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qwertyup23
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 20, 2022, 05:32:19 PM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade I think that gambling can be more stressful than day trading. Remember that in gambling, luck is the majority factor that can either make or break your day. A person with no skill at all can still win tons of money in gambling if he has the luck for the day. But a person who does not have any prior experience nor skill in trading is most likely to fail and to experience losses. Though both have the element of luck present, you can at least lessen the chances of you losing if you have the knowledge and experience in trading.
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Fivestar4everMVP
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December 20, 2022, 05:49:31 PM |
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So technically you are saying that gambling can be more ideal as a stress reliever than making a trade?. well it depends in trading if you have knowledge regarding the position you would like to do is you make the right time and proper preparation at the same time, if you execute the trade properly its good but if not you have a mistakes every thing right there has a lesson but in playing gambling is you just make a deposit, play and let the game you choose to decide if you are a winner or not, gambling is more stressful because you are just letting other people make your luck not yourself with your knowledge and skills. IN my opinion gambling is much more stressful than day trading, I say this for the following reason: for example if a person takes 100$ and that person starts making sports bets, that person bets 10$, loses, bets others 10$ and loses again, bet on 10$ wins, but then goes back to bet on 10$ and loses again, this person will start to get stressed because he sees that his bankroll is reducing all the time, and he doesn't know how to reverse this situation, then panic starts to take over him, but when doing trade he will always put stop - loss and he can do hodl for some time until he has profit, then he will not have stress when doing trade I think that gambling can be more stressful than day trading. Remember that in gambling, luck is the majority factor that can either make or break your day. A person with no skill at all can still win tons of money in gambling if he has the luck for the day. But a person who does not have any prior experience nor skill in trading is most likely to fail and to experience losses. Though both have the element of luck present, you can at least lessen the chances of you losing if you have the knowledge and experience in trading. When you talk about day trading, you should specify or mention the part or type of day trading, some trade in the spot market, while others trade in the futures/margin market-some call it derivatives. Now, comparing this to gambling, I would say that gambling installs more anxiety to the body than day trading on spot market. But in futures market, I can't really say the same, maybe this would depend on how experienced the trader is, many trade futures market blindly, they trade through guessing/predictions and hoping they are right, if in-experienced futures trading should be compared to gambling, I would tell you that Futures trading adds more anxiety to the body than gambling. This is just my opinion/thoughts, I might be wrong.
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