How much gambling is in trading cryptocurrencies?

[kapalmabur]

In trading, we can make use of fundamental analysis and technical analysis in order to enhance our chances of profit.  Besides market is researchable and there are signals that can give hints about the trend of the market.  We can also make use of market sentiment. 

Evxatcly, having FA and also TA will be very useful for trading. Every trading that is not based on any analysis will be more to gambling, moreover the onr who doesn't know about trading. and as what you said, trading is always risky whatever we do, although we have made analysis, but there will be always the risks. the difference is how we can manage the risks if we are using the analysis.

It's true that if we trade without doing research and analysis, of course it's the same as gambling,
risk is an integral part of trading and we cannot avoid it completely,
By doing an analysis at least it can minimize the risk

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[tygeade]

In trading, we can make use of fundamental analysis and technical analysis in order to enhance our chances of profit.  Besides market is researchable and there are signals that can give hints about the trend of the market.  We can also make use of market sentiment. 

Evxatcly, having FA and also TA will be very useful for trading. Every trading that is not based on any analysis will be more to gambling, moreover the onr who doesn't know about trading. and as what you said, trading is always risky whatever we do, although we have made analysis, but there will be always the risks. the difference is how we can manage the risks if we are using the analysis.

It's true that if we trade without doing research and analysis, of course it's the same as gambling,
risk is an integral part of trading and we cannot avoid it completely,
By doing an analysis at least it can minimize the risk

You might be shocked but there are tens of thousands, maybe hundreds of thousands of people who actually do that. They do not study, they do not research, they do not analyse anything, they just see like some tokens on social media and invest into it with hype.

Obviously, there are accounts who promote and hype some tokens, thousands of accounts, and when someone reads about that token all they see is positive and amazing things about that token, so they feel very excited about the potential of something that thousands promoted. In reality, half of those are bots, the other are people who want to sell right away when they profit and shill it so it would go up.

[LUCKMCFLY]

In trading, we can make use of fundamental analysis and technical analysis in order to enhance our chances of profit.  Besides market is researchable and there are signals that can give hints about the trend of the market.  We can also make use of market sentiment. 

Evxatcly, having FA and also TA will be very useful for trading. Every trading that is not based on any analysis will be more to gambling, moreover the onr who doesn't know about trading. and as what you said, trading is always risky whatever we do, although we have made analysis, but there will be always the risks. the difference is how we can manage the risks if we are using the analysis.

It's true that if we trade without doing research and analysis, of course it's the same as gambling,
risk is an integral part of trading and we cannot avoid it completely,
By doing an analysis at least it can minimize the risk

Well I consider that taking risks is something that everyone should take at some point, in the case of traders they are always taking risks, sometimes they win, others they lose, but I think the main thing is to win or have at least a positive balance after all, if a trader wins even 1 usd, but loses less than 1 usd and makes another trade and wins 2 usd, the important thing is that he is forging himself in a very good way to be profitable and that is something that costs a lot However, the ones that achieve it are very few, I would say that of 100%, 20% is profitable and they live from trading, for me that is what happens.

[Mr.right85]

Even those for whom might refer to themselves as professional traders, they still encounter loses frequently as much as they make profit. No matter how professional you might be, making some loses is just a part of the business.

You might have your analysis and evaluations all lined up to help you at a better prediction of what direction the market might turn and that involves accepting the outcome whenever it doesn't go in your favour.

At that level, one could be said to have gambled on his or her options even though it was as a result of some analytical evaluation.

[cornhodlr]

Even bitcoin was a gamble at the beginning but it has shown that if you buy something that may have value in the future and have the patience to hodl it will either moon or just fizzle out.Trading it is a risky strategy but its the only way for poor people to accumulate more bitcoin because at the end of the day the only reason for trading crypto is to get more bitcoin that will probably rise steadily in value beyond inflation making it a better investment than just saving it in a bank account.

[milewilda]

In trading, we can make use of fundamental analysis and technical analysis in order to enhance our chances of profit.  Besides market is researchable and there are signals that can give hints about the trend of the market.  We can also make use of market sentiment. 

Evxatcly, having FA and also TA will be very useful for trading. Every trading that is not based on any analysis will be more to gambling, moreover the onr who doesn't know about trading. and as what you said, trading is always risky whatever we do, although we have made analysis, but there will be always the risks. the difference is how we can manage the risks if we are using the analysis.

It's true that if we trade without doing research and analysis, of course it's the same as gambling,
risk is an integral part of trading and we cannot avoid it completely,
By doing an analysis at least it can minimize the risk

Well I consider that taking risks is something that everyone should take at some point, in the case of traders they are always taking risks, sometimes they win, others they lose, but I think the main thing is to win or have at least a positive balance after all, if a trader wins even 1 usd, but loses less than 1 usd and makes another trade and wins 2 usd, the important thing is that he is forging himself in a very good way to be profitable and that is something that costs a lot However, the ones that achieve it are very few, I would say that of 100%, 20% is profitable and they live from trading, for me that is what happens.

If there's someone who had gained in the market then it would be understandable that there are ones who are losing on the other side which is really the very main concept of trading and the risk you would really be facing on, once you do touch up this area.Make yourself fully aware of the risk involved when you do make trades.It would really be only considered as gambling if you dont really have that knowledge
towards it which it is really just normal that you would really be having analysis and skills on dealing up with trading.Dont make it just like some sort of gambling because
its never been intended to be that way.Apply some analysis on every step which it could really give out that kind of advantage.

[borovichok]

Even those for whom might refer to themselves as professional traders, they still encounter loses frequently as much as they make profit. No matter how professional you might be, making some loses is just a part of the business.

You might have your analysis and evaluations all lined up to help you at a better prediction of what direction the market might turn and that involves accepting the outcome whenever it doesn't go in your favour.

At that level, one could be said to have gambled on his or her options even though it was as a result of some analytical evaluation.

Making losses is probably one of the things that can't be eradicated from the market but can be reduce by traders and investors. The market sometimes move against predicted trading indicators and this causes or results to some losses in trades. We should always expects loss in our daily trade, but we always hope for the best in trading. One never know the next option of bullied or bearish movement of a coin, with fee experience in trading, I can always come out and rectify issues involving trading.

[Mr. Magkaisa]

Hi,

Recently I began to wonder if crypto trading couldn't be perceived as gambling by its pure form. I know that we have here enthusiasts of crypto trading but I hope we can take it cool and try to think of it reasonably. Having this conversation might be helpful not only for beginners but also for more advanced traders. By saying that I mean people who trade longer, not necessarily who gain more profit.

First of all, I must say that by no means am I trying to state here one and only truth. This post is rather a bunch of my own thoughts which I would like to share and develop.

The question arose when I was trading during one of my daily session and it was neither good nor bad as for the closing balance sheet. The problem was that I was using my limited knowledge and at that point all I was doing was like trying to find something elusive. I knew it was there but couldn't really predict anything. The best metaphor I can find is pretending to be a doctor and curing people without having a clue about medicine. What it implies is that you can't be a good doctor without studying huge amounts of material and reviewing multiple case studies. Before you reach a certain level, you can easily hurt people or hurt your wallet.

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.

  - I just have a question for you mate, when you hear the word "Gambling" what immediately comes to your mind? don't you bet something that you think you will win and can double or more the money you have or maybe you think you are lucky today, right?

Now when you hear the word "Trading" what comes to your mind? You can have goods or assets that you want to exchange at the price you want, and there is physical and online trading.

In short, gambling cannot be combined with trading. Because if you have that mindset, it only means one thing, you want to do crypto trading because you think you might get lucky in the cryptocurrency industry. The thought that these coins might pump up or might fall completely, then I would buy them to make a profit. So you think that crypto trading is also gambling.

Please correct me if I misunderstood OP the topic you made here, Good day

[Nrcewker]

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

But the OP’s question is different. He doesn’t want to know what is the best trading? Nevertheless as mentioned earlier, if you trade with high risks then it can consider as gambling. As in gambling we risk more to earn more.
Similarly if we trade an asset which has a low chance of getting success, then it’s nothing but pure gambling. If you trade with limit and with solid stable coins, then the risk factor involved will be less and profits earned from it will also be low. Hope this clears your doubt OP.

[Cling18]

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

But the OP’s question is different. He doesn’t want to know what is the best trading? Nevertheless as mentioned earlier, if you trade with high risks then it can consider as gambling. As in gambling we risk more to earn more.
Similarly if we trade an asset which has a low chance of getting success, then it’s nothing but pure gambling. If you trade with limit and with solid stable coins, then the risk factor involved will be less and profits earned from it will also be low. Hope this clears your doubt OP.

In gambling, we play and for entertainment but the risk is too high since we don't have the means to control it while in trading, we have the option to choose the profitable and potential coin and could make our path by acquiring skills which is an edge against huge losses. Trading is challenging since the market is volatile but if we know how to apply the basic strategies, we could gain the profit that we're aiming for.

[SirLancelot]

 - I just have a question for you mate, when you hear the word "Gambling" what immediately comes to your mind? don't you bet something that you think you will win and can double or more the money you have or maybe you think you are lucky today, right?

Now when you hear the word "Trading" what comes to your mind? You can have goods or assets that you want to exchange at the price you want, and there is physical and online trading.

In short, gambling cannot be combined with trading. Because if you have that mindset, it only means one thing, you want to do crypto trading because you think you might get lucky in the cryptocurrency industry. The thought that these coins might pump up or might fall completely, then I would buy them to make a profit. So you think that crypto trading is also gambling.

Please correct me if I misunderstood OP the topic you made here, Good day

That is wrong, gambling doesn't mean betting on a sports game or betting on a roll of dice, gambling if you look at the oxford dictionary meaning of it, is risk for a chance, and that's what trading is. When you buy 100 dollars worth of bnb, you are "gambling" that 100 dollars for a chance of bnb going up, and risking it going down. Doesn't mean it is gambling as you know it, but it's fine.

I keep telling people that they shouldn't see investment as gambling though, because in the very long run there is always a winner and if you wait long enough then you can be that winner. Of course it’s not that easy but that doesn't mean it's going to hurt you at all if you wait.

[sulendra12]

Even bitcoin was a gamble at the beginning but it has shown that if you buy something that may have value in the future and have the patience to hodl it will either moon or just fizzle out.

Isn't that possible in any investment instrument in general? They have a chance to flop if something bad happens by any reasons, it's not limited with cryptocurrency.

Making losses is probably one of the things that can't be eradicated from the market but can be reduce by traders and investors.

But sometimes your losses are your good partner for your journey because it builds up the experience and your brain to not fall into same mistake ever again and you can actually avoid similar mistake if you find other strategy and make your own with pros and cons trading experience you face in your entire trading career. It's always nice to look back at your losses to see you are actually improving from that.

[n0ne]

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

But the OP’s question is different. He doesn’t want to know what is the best trading? Nevertheless as mentioned earlier, if you trade with high risks then it can consider as gambling. As in gambling we risk more to earn more.
Similarly if we trade an asset which has a low chance of getting success, then it’s nothing but pure gambling. If you trade with limit and with solid stable coins, then the risk factor involved will be less and profits earned from it will also be low. Hope this clears your doubt OP.

In gambling, we play and for entertainment but the risk is too high since we don't have the means to control it while in trading, we have the option to choose the profitable and potential coin and could make our path by acquiring skills which is an edge against huge losses. Trading is challenging since the market is volatile but if we know how to apply the basic strategies, we could gain the profit that we're aiming for.

Gambling and trading gets related based on the coin/token we choose. Some looks to be really a gamble, because it doesn't have volume, it is new to the market and there is no big hype about it. Investing on such coin/tokens were to give profit based on the luck. The same when did with the top cryptocurrencies we know that the market will give profit today, if not having patience will let the user make profit out of holding. How much gambling is in trading depends on the coin/token chosen for trading.

[Obari]

I get your points but trading isn't gambling especially when you know what you're doing. Trading at some points might seem to be gambling to most especially newbies who just want to make millions or possibly double that trading capital at the instance which at the end leads to destruction at last.
I always advice people to treat trading as a business rather than a get rich quick scheme and just expect to make millions over night without all the necessary processes engaged.
I think people should invest more time in learning first before jumping into the market and as well as work on their emotions and greed level to attain a great height as those are the major determinants of successful trading.

[TheGreatPython]

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

But the OP’s question is different. He doesn’t want to know what is the best trading? Nevertheless as mentioned earlier, if you trade with high risks then it can consider as gambling. As in gambling we risk more to earn more.
Similarly if we trade an asset which has a low chance of getting success, then it’s nothing but pure gambling. If you trade with limit and with solid stable coins, then the risk factor involved will be less and profits earned from it will also be low. Hope this clears your doubt OP.

Low risk or high risk, the gambling element is still there because cryptos are unpredictable even if analysis is already applied. Gambling or trading, it is possible to earn more even if the stake is only small because we can still work it gradually to make it bigger.

In cryptos, we have risky coins but the reward for them is high. We can invest small amounts on them and if we get lucky, we can earn more. In gambling you can bet in high multipliers using smaller bets and earn huge as long as you get lucky on hitting them. @SweetL0u some trading platforms have built their own token and once you avail them, it can give you a discount in trading fees so fees in trading isn't really a concern.

[palle11]

I get your points but trading isn't gambling especially when you know what you're doing. Trading at some points might seem to be gambling to most especially newbies who just want to make millions or possibly double that trading capital at the instance which at the end leads to destruction at last.

When you want to make profit quick then you can be gambling because you will be hasty without proper analysis and this is the challenge of newbie or any other trader who can not hold emotions. Jumping in and out can be looked as gambling but trading is not gambling to be precise.

I always advice people to treat trading as a business rather than a get rich quick scheme and just expect to make millions over night without all the necessary processes engaged.
I think people should invest more time in learning first before jumping into the market and as well as work on their emotions and greed level to attain a great height as those are the major determinants of successful trading.

Getting rich quick syndrome is the first way to failure in trade. If a trader has this mentality, he can't even subject himself to training. Training is for people who have passion if you don't have passion you can't have that time to check in training to know why your trade was not profitable rather than they want to rely on copy trading.

[EdenHazard]

I get your points but trading isn't gambling especially when you know what you're doing. Trading at some points might seem to be gambling to most especially newbies who just want to make millions or possibly double that trading capital at the instance which at the end leads to destruction at last.

When you want to make profit quick then you can be gambling because you will be hasty without proper analysis and this is the challenge of newbie or any other trader who can not hold emotions. Jumping in and out can be looked as gambling but trading is not gambling to be precise.

I always advice people to treat trading as a business rather than a get rich quick scheme and just expect to make millions over night without all the necessary processes engaged.
I think people should invest more time in learning first before jumping into the market and as well as work on their emotions and greed level to attain a great height as those are the major determinants of successful trading.

Getting rich quick syndrome is the first way to failure in trade. If a trader has this mentality, he can't even subject himself to training. Training is for people who have passion if you don't have passion you can't have that time to check in training to know why your trade was not profitable rather than they want to rely on copy trading.

Those people with successful trading stories always flexing money whether it's intentional or not and it's making worse when a newbie come to give it a try with these reasons ... the possibility to treat trading like gambling really high at this point , pretty different with thise people who come with a vision.

I mean a vision to see how they do the trade with caution not in hurry to getting rich quick like what they witnessed in their illusion.

[Desmong]

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

There are some platforms that do not charge trading fee while some charges less fee for traders of a particular coin. The fee that we pay as a trader do affect many persons so they can't easily trader in a ranging market with little profits because if they keep losing they fee will keep increasing and that may become another problem apart from the loses.

[2stout]

Playing any market will entail a form of gambling.  However, when it come to crypto markets, this entails a very high form of gambling.  You try doing TAs but these are as numerous as a fart in the wind and don't really provide any meaningful direction.

[QueenVera]

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

Trade on Binance exchange, they have one of the lowest trading fees and in some trading pairs like Bitcoin etc they offer free trading. Trading fees shouldn't discourage you from trading as they aren't much of an issue if you're profiting from your trade.
Make sure your capital is more than average so when you gain from your trade, you profit decently as well. If you use very low trading capital then you can't gain much which might make you trade multiple trades and then increase your trading fees.
Cryptocurrency trading isn't gambling and there's no atom of gamble in trades unless you don't know what you're doing and just hoping on you been lucky which is very risky as the market will make you pay for such stupidity.