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Author Topic: How much gambling is in trading cryptocurrencies?  (Read 986 times)
LUCKMCFLY
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November 28, 2022, 02:11:10 PM
 #121

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.

Well, currently many people are making money with futures trading, and with copy trading, the truth is that in my personal opinion I would not do it because I do not have much knowledge in short-term trading and it is somewhat delicate, because trading in the short term or what they call "scalping" is something very risky and I think that if things go wrong trading in futures with looting, risking a lot, you can lose everything and burn the account, then this is something that I would not recommend, unless the person craq eu is sufficiently well prepared to do it, but with the indicated lottery and not start inventing, I have seen friends who have burned their accounts.

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jaberwock
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November 28, 2022, 09:48:33 PM
 #122

currently many people are making money with futures trading, and with copy trading, the truth is that in my personal opinion I would not do it because I do not have much knowledge in short-term trading and it is somewhat delicate, because trading in the short term or what they call "scalping" is something very risky and I think that if things go wrong trading in futures with looting, risking a lot, you can lose everything and burn the account, then this is something that I would not recommend, unless the person craq eu is sufficiently well prepared to do it, but with the indicated lottery and not start inventing, I have seen friends who have burned their accounts.
That is the thing, when you know what you shouldn't do, but you have a vague idea of what you should do, some people go with what they shouldn't do because it's the devil they know. I mean it's clear that you shouldn't do copy trading and that would make sense that in the long run it would ruin all of your life if you just trust one person with all your future profits, and that person could ruin it for you.

However, if you know what you are doing then you should be doing fine and nobody should be bothering you. Obviously it's not going to be that easy, because if you do not do futures, or copy, then what do you do and how you make a profit? That becomes the burden.

dunfida
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November 28, 2022, 10:29:12 PM
 #123

currently many people are making money with futures trading, and with copy trading, the truth is that in my personal opinion I would not do it because I do not have much knowledge in short-term trading and it is somewhat delicate, because trading in the short term or what they call "scalping" is something very risky and I think that if things go wrong trading in futures with looting, risking a lot, you can lose everything and burn the account, then this is something that I would not recommend, unless the person craq eu is sufficiently well prepared to do it, but with the indicated lottery and not start inventing, I have seen friends who have burned their accounts.
That is the thing, when you know what you shouldn't do, but you have a vague idea of what you should do, some people go with what they shouldn't do because it's the devil they know. I mean it's clear that you shouldn't do copy trading and that would make sense that in the long run it would ruin all of your life if you just trust one person with all your future profits, and that person could ruin it for you.

However, if you know what you are doing then you should be doing fine and nobody should be bothering you. Obviously it's not going to be that easy, because if you do not do futures, or copy, then what do you do and how you make a profit? That becomes the burden.
Also it does really give out that kind of regretful feeling on the time that you had blown up your account just because you had let others took over or control or you do follow their signals.Unlike when you do have just

make your own analysis and trade with it then its a different story.Gambling is on the time when you dont really have any basis or analysis towards your trading which is really a very common behavior on which
people do really able to commit out specially with noobs or newbies.

It turns out that you do gamble and dont mind much on what strategies should be applied on particular conditions.This is really a very bad habit
but soon you would really be able to realize for yourself.

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