How much gambling is in trading cryptocurrencies?

[LastKiss]

~snip~
This is where I come to the conclusion that for most of people who trade, trading is just a gamble. Sometimes they win, and this is where legends are born most of the times. Sometimes they lose, what happens more often. In general we are lured by huge and rapid wealth and such desires are addictive, especially if you succeeded a couple of times. Only few are determined enough to reach a level of proficiency before losing it all - money, hope and a touch of reality.

It sounds depressive as I read it but this is how I see this.

Well if we trade with our luck then we can call it gambling but if we trade with our experience and knowledge then it is pure our mistake when we got losses. Many people didn't have the patience to wait for the price to bounce back instead they sell and try to buy at the lower level. When the same thing happens they end up losing and said that trading is gambling.

[uneng]

Since crypto market is well known for being unpredictable, we can say crypto trading is totally about gambling, at least on short run.

There are no possible analyzes to lead us to a conclusion if bitcoin is going to rise of fall today or in one week or in one month and even in one year. You have to make a guess and pray that it is the right one.

On long term, however, we start having elements to build a conscious and functional prediction, therefore we don't have to rely on luck exclusively anymore, but on facts, events and concepts surrounding us and bitcoin (which drives this market in every directions).

So, if you are going to trade, make sure you are going to do this thinking in long time periods. This way you will stop gambling and will start trading for real.

[Mahanton]

~snip~
This is where I come to the conclusion that for most of people who trade, trading is just a gamble. Sometimes they win, and this is where legends are born most of the times. Sometimes they lose, what happens more often. In general we are lured by huge and rapid wealth and such desires are addictive, especially if you succeeded a couple of times. Only few are determined enough to reach a level of proficiency before losing it all - money, hope and a touch of reality.

It sounds depressive as I read it but this is how I see this.

Well if we trade with our luck then we can call it gambling but if we trade with our experience and knowledge then it is pure our mistake when we got losses. Many people didn't have the patience to wait for the price to bounce back instead they sell and try to buy at the lower level. When the same thing happens they end up losing and said that trading is gambling.

When you do trade without any knowledge or you dont really have the idea on what you are doing then you are just simply doing gambling.Anything that you do without any proper preparation and you do just
simply throw off decisions without any basis then its gambling and we know that trading shouldnt really be handled that way.Yes, theres no such thing about certain things on trading since this market
is unpredictable on the first place but you should really make yourself do all sorts of things to minimize the risk as much as you could.
Dont think and treat up things like you are gambling because its never been that good to have that kind of behavior on dealing up with these things.

[savetheFORUM]

Although it should be, trading is not gambling, but in fact, many people are gambling on trading. Why? because, they do not have sufficient knowledge to be able to analyze chart indicators in the market. What's more, they are beginners who don't really understand trading activities, so it seems like they just rely on chance, that is, hopefully profit.

Meanwhile, a professional trader should have their own benchmarks and strategies to analyze various market possibilities and anticipate losing money when the market suddenly changes course and does not match the initial prediction.

If they know that they are a newbie, they shouldn't try trading for a while but what they must do instead is to read, learn and continue researching for information that could help them become a true trader. They can also do copy trading, if they badly want to earn as soon as possible without or with a little knowledge on their head.

Given that pro traders can also experience a loss, that only means that there is really a gambling element here in trading but that is not much because there are so many testimonies about traders which already made a fortune here in trading but the numbers of successful gamblers in the gambling world are only less.

[agustina2]

Before you reach a certain level, you can easily hurt people or hurt your wallet.

Struggle and challenge are part of trading cryptocurrencies. There's no shortcut to success. I think you are at the stage where you didn't know what to do and most of your trades are lost that's why you ended up in the conclusion that trading is no different from gambling.

Therefore, changed that idea. Your good trading experience will depend on how you managed it on the way.

[bocyaj]

When you had invested in the random project,it may be turn to the gambling.For investigation it doesn’t take huge time.But you can earn more from it.Manylegit project are launching in crypto currency now,but they don’t know how to do digital marketing.So it leads to their less reach of the project.Trading is not same as gambling.If you want to earn good money from gambling,kindly do the gambling and not choose trading.

[kamvreto]

The main problem when novice traders enter is that they trade with limited knowledge, and of course it becomes a risk they will feel when they continue to lose. Gambling in trading occurs because those with limited knowledge try to guess about the price going up or down by placing several orders, they don't have any streaks about predictions or technical analysis because they don't have the basic knowledge.

Sometimes they win (very rarely) and sometimes they lose (very often) so they say it's like gambling, even though their own abilities are very limited.

and this will be even more visible when trading in the Futures market, which of course is only guessing whether the price will go up or down, and this will be more risky than spot trading.

Considered gambling or not it also depends on how they do it and how well they understand real tarding. Psychological control is very important so that there is no loss like gambling.

[agustina2]

When you had invested in the random project,it may be turn to the gambling.

In the first place, why risks your money on such random projects?

That's really a form of gambling as if someone picks a random project, then for sure, no research has been made prior to that investing their money.

I don't know the reason why someone will just invest in random projects.

-Maybe because of hype?
-Maybe because someone lured them?
-Maybe because just have no knowledge at all and want to gamble.

In trading cryptocurrencies, let's make a habit of not turning it into whole gambling. We already face the risks of losing money because of the hard market volatility that's why make it to the point not to add more risks by choosing random projects around without due diligence.

[Chilwell]

Trading will only become gambling once you depend on your luck, and that is why many lose the money because they didn’t do anything aside from a guess buy and sell strategy. You can be more good in trading once you do analyze the market, this is your hard work is needed and you should do this to avoid such losses. Those trader who succeed in this market didn’t think this as a gambling, but they treat this market as their job and they have to do their part to get the profit.

Atleast sitting down and analyse the market is not an easy task compare to gambling that you just take decisions on your own.

[TheUltraElite]

Atleast sitting down and analyse the market is not an easy task compare to gambling that you just take decisions on your own.

Spot Trading is comparable to EV+ gambling similar in the lines of sports betting at best. This needs skills and knowledge and not hastily made impulsive decisions. Therefore it is often likened to gambling but a trader can keep a control over their trading habits if they wish to.

Most of the times this simile is used in a degenerate sense. It is our job to make sure that it does not hit that tone.

Comparing and analysing the market is definitely a tough thing, that is why it needs practice and dummy trading. But again it is not for everyone, specially those who lose patience quickly.

[virasisog]

Trading will only become gambling once you depend on your luck, and that is why many lose the money because they didn’t do anything aside from a guess buy and sell strategy. You can be more good in trading once you do analyze the market, this is your hard work is needed and you should do this to avoid such losses. Those trader who succeed in this market didn’t think this as a gambling, but they treat this market as their job and they have to do their part to get the profit.

At least sitting down and analyzing the market is not an easy task compare to gambling where you just take decisions on your own.

Trading is risky but the risk is bearable and manageable if you know how to do technical analysis. You won't rely on pure luck here because there are applicable strategies that you can use. It can be a skill base as long as you know the fundamentals of trading.
In gambling, you can only rely on luck and your profit will depend on your decisions. The result could be done in just one click while in trading, you can do a series of research about the potential of the coin so you can deal with its volatility. Trading is a long process of learning, unlike gambling where you could play any type of game that you know anytime.

[xSkylarx]

This is where I come to the conclusion that for most of people who trade, trading is just a gamble. Sometimes they win, and this is where legends are born most of the times. Sometimes they lose, what happens more often. In general we are lured by huge and rapid wealth and such desires are addictive, especially if you succeeded a couple of times. Only few are determined enough to reach a level of proficiency before losing it all - money, hope and a touch of reality.

People that gambles when trading is bound to lose money even if they make a good fortune out of it. They will always rely on their luck putting their money at huge risk everytime they invest on a certain crypto. If i were to experience a one huge win from trading, from luck, I would use that opportunity to increase my knowledge about it. If i continue to rely on luck on my next trades, I will definitely lose all those profits anytime soon.

[CryptoBuds]

There is a huge difference between trading and gambling.  Though there is a thin line separating our actions to whether we are gambling in our trade or we are actually trading.  After all it all goes on our preparation and knowledge about the stuff we are trading.  If we are trading blindly, sure it is good as gambling but if we are doing analysis and research, it cannot be called gambling because our action is supported by our analysis and the chance of gaining profit is not random or not by chance.  Of course, there are unknown factors in trading but they can be solved by gathering the right information.  While in gambling, no matter how we gather information the result will always be random.

What you are saying here is correct Sir, there is a big difference between trading in cryptocurrency and gambling in this industry. Because crypto trading can be considered a job not a bit of luck is expected. This trading in the crypto space is an opportunity that if we take it seriously, can be a source of income for any of us here as long as we have enough knowledge and ideas because if you don't have it, the assets you buy to trade here will be wasted.

Now to say that crypto trading is a gamble, it is only based on individuals who do not have enough knowledge about it as you mentioned. Or it depends on the understanding of a community here on cryptocurrency.

I also agree that the two are completely different but in trading beyond knowledge and news affecting the market it still takes a bit of luck, not much and not expecting but we need a little bit because the market is unpredictable. The biggest difference that I think people can see most clearly is, there have been many investors, traders have become rich by investing and trading, and billionaires today are also investors, and top traders. And I have never seen anyone get rich from gambling, sometimes they will win a lot of money from gambling but they will never be lucky forever and they will soon lose everything if they don't realize that gambling is not a way to get rich.

[CryptoYar]

I think it largely depends on the trader himself. I think with the right approach it can be quite profitable.

Well said. It depends on the trader whether he wants to gamble or trade with a proper plan.

If one jumps into the trade without a trading plan + with high leverage then clearly he/she is gambling. But if one reads the charts and defines his entry and exit zones. And takes trade with after looking at price behavior. Places his stop loss according to his risk-to-reward ratio then I would say it's not gambling.

[rby]

Anything that involves trading of assets, be it stock,cryptocurrency or other volitile assets, there is some level of gambling in it. The level of gambling is determined by who is the person trading. If an expert is trading there is small amount of gambling in it but if it is a novice, then there is a high level of gambling in the trading but in all there is certain level of gambling in trading, that is why it is always advised not to trade or invest more than what you are able to lose in any volitile assets or cryptocurrency.

[_BlackStar]

Anything that involves trading of assets, be it stock,cryptocurrency or other volitile assets, there is some level of gambling in it. The level of gambling is determined by who is the person trading. If an expert is trading there is small amount of gambling in it but if it is a novice, then there is a high level of gambling in the trading but in all there is certain level of gambling in trading, that is why it is always advised not to trade or invest more than what you are able to lose in any volitile assets or cryptocurrency.

I agree with some of your views, especially regarding the percentage of gambling in trading activities. The more skilled a trader is, the lower the percentage of gambling, and conversely the lower the expertise of the trader, the higher the percentage of gambling.

This means that trading activities that expect to result from price volatility are never far from gambling ^{[inevitable],} but traders will be able to minimize gambling on trading if they have good skills at judging, observing and making decisions.

[cornhodlr]

It depends on the "cryptocurrency".If its a shitcoin then it is 100% gambling.If it's an "altcoin" like namecoin or some other reputable coin then it may not be considered as gambling

[Hamza2424]

I can see there too many similar kind of thread related to the trading and gambling but I don't know why even new users compare the trading with the Gambling it makes no sense also there I have seen some of similar king of the threads in the Alts section it seems annoying the simple fact is that trading is not gambling for the more information lear about trading then you can completely understand how trading is different from the Gambling.

[Oilacris]

I can see there too many similar kind of thread related to the trading and gambling but I don't know why even new users compare the trading with the Gambling it makes no sense also there I have seen some of similar king of the threads in the Alts section it seems annoying the simple fact is that trading is not gambling for the more information lear about trading then you can completely understand how trading is different from the Gambling.

You would really expect different threads on the same topics which had been discussed for how many times on this forum alone but let it be yet you cant stop people on making new one.

Going back into the topic about trading as gambling thing then its not really that totally a gamble since you could really apply some analysis through it unlike when you do play casino games which analysis

is irrelevant which does simply implies that it cant really be that possible for you to mind off things when you do gamble which is unlike on trading where you could really be having that application.
You would eventually find out for yourself if we do speak about risk taking and its decisions.

[Altryist]

You would really expect different threads on the same topics which had been discussed for how many times on this forum alone but let it be yet you cant stop people on making new one.

Going back into the topic about trading as gambling thing then its not really that totally a gamble since you could really apply some analysis through it unlike when you do play casino games which analysis

is irrelevant which does simply implies that it cant really be that possible for you to mind off things when you do gamble which is unlike on trading where you could really be having that application.
You would eventually find out for yourself if we do speak about risk taking and its decisions.

In fact, gambling, if it is sports betting, also implies a very fundamental analysis of the event, unless of course it is blind betting (which, by the way, can also be done in trading when you buy coins without analysis). In both cases, you can make money, but from my personal experience, I will say that it is much more difficult to make money from gambling than from trading. In trading, you have more chances when your coin has dropped in price, there is always a chance that there will be a good pump (I'm talking about spot trading), or a bull market will come, in the case of a bet, if you lose it, then your money immediately leaves to bookmaker.