I am only trying to stay safe by gambling less

[Fredomago]

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

If you understand well how trade works and you execute your position the right way, then we can say that it's really far from doing gambling, we can't generalize things as trading mostly for people who invest time to learn more about the market while with gambling they mostly trying to make an easy access to double their money, not all though as there are responsible gamblers we can't put them to this mentality, but most of the time gamblers are really aiming for quick outcome even it's a high-risk venue to lose your money than making a decent profits.

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[Silberman]

Most gamblers come back to the casino for the winnings, because this process causes a release of adrenaline, serotonin, dopamine in the blood, which has a very strong effect on human well-being. Even a small win can lead to the release of these substances. Investments are also able to cause the release of these substances into the blood, but unlike casinos, the intervals between such emissions will be much longer.

Which is why it is important to be aware of the process which is taking place in our brains as a way to stay safe, after all who has not obtained a feeling of invincibility after we win an improbable bet or we win a lot of money with a trade? That feeling if we are not careful can be intoxicating and could lead us to look for it over and over again without any regard to the consequences, and this kind of behavior is incredibly dangerous and most of the time it can lead to an addiction.

[Rengga Jati]

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

We can get various valuable experiences not only from our own experiences but also from others, especially those around us. because indeed from this real experience it will provide various lessons so that we become better, alert, wise, and also under-control in doing or deciding something.

If it is related to our efforts to be more careful in gambling, then in my opinion this is a natural thing. Because we understand the risks of gambling, especially if you are already addicted. Gambling is not entirely wrong or bad, but our nature and abilities are sometimes not able to control and understand what to do when gambling, the best thing, and with high enough emotional control and desire. Here, gambling may be somewhat different from investing, because usually, the right investment is to do various research on whatever we are going to invest. This is not something that is short or just going along with it, but it is something that we really understand. Because of this, it takes time to better understand when to stop, or just to be able to control yourself so that you don't continue too easily.

[TheGreatPython]

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

[nullama]

~snip~
Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Yeah, but also in trading you need to consider the trading fees you need to pay to the platform, plus any capital gains tax that you might get.

So, even if you manage to get a winning by trading, there's lots of costs associated with it, which don't apply in gambling as there's no transaction fees or taxes involved.

[michellee]

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

That's an advantage for someone who can trade because it would be better than if they used their money to gamble. They can get the desired profit and even if the market conditions are not good, they can still find coins to trade.

Meanwhile, gambling can be difficult for them to win because, as we know, we can only win if we are lucky. Even worse, many of us still play gambling and hope that we can be lucky to get lucky that can help get big wins.

Gambling will give the biggest profit to the casino, whereas the gambler can only get a fraction of the profits. But not many gamblers can stop after getting a win instead, they will continue playing to get another win.

[tusandii]

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

[Mr. Magkaisa]

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

    -   Crypto trading has never been the same as crypto gambling. The only people who say it's the same are people who don't have enough knowledge of what he's talking about. It is proven and tested that crypto trading can be said to be a source of income daily.

This is if you understand how to read a chart on a graph or know how to use trading tools. Because if it's just based on a guess or maybe it's just for sure in the end it will only lead to losses often every time a trading activity is conducted.

[xSkylarx]

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

But again there are really people that relying on gambling as they are really winning from it but again not all can do this because they are not as lucky as to others and also gambling is really for entertainment. Back to those people who are having a profit on it , I am just amazed that they could win but again they are still not immune to losses but the fact that they are still making a living on it is unimaginable

[gabbie2010]

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Majority of gamblers who knows little about Bitcoin are of the opinion that when Bitcoin pumped massively and hodlers and investors who earned some decent profits are  considered gamblers as well because they were not enlightened and informed on how cryptocurrency works, an experience crypto trader with full knowledge of charting skills and pattern is far better than a gambler whose chances of winning a bet is 50:50, price chart patterns repeat itself at some strategic zones like resistance and support zone as well as demand and supply zone this are zones where price reversal is imminent .

[Shinpako09]

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

[Cryptmuster]

Majority of gamblers who knows little about Bitcoin are of the opinion that when Bitcoin pumped massively and hodlers and investors who earned some decent profits are  considered gamblers as well because they were not enlightened and informed on how cryptocurrency works, an experience crypto trader with full knowledge of charting skills and pattern is far better than a gambler whose chances of winning a bet is 50:50, price chart patterns repeat itself at some strategic zones like resistance and support zone as well as demand and supply zone this are zones where price reversal is imminent .

You know, gambling is also not always 50/50, if you are good at betting, then your chances will be higher. I do not consider myself a good gambler, but if we compare my results in gambling and trading, then trading brings me much better results. However, now I trade much larger amounts, so the result is much higher. With proper knowledge, you can earn in both directions, but in the end you will choose the one in which the earnings will be greater.

[savetheFORUM]

~snip~
Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Yeah, but also in trading you need to consider the trading fees you need to pay to the platform, plus any capital gains tax that you might get.

So, even if you manage to get a winning by trading, there's lots of costs associated with it, which don't apply in gambling as there's no transaction fees or taxes involved.

Trading fees and taxes don't take away much from the profit that you earn from trading, exchanges usually charge maybe about 0.25% or even less for each trade that you make as a taker, and when you are trading as a maker which means you are not selling or buying at the market price, you are not even charged for the trade, at least that is how it works on Binance and it is the largest centralized exchange out there.

Considering that, I still don't feel that gambling and trading should be compared as they are too different from each other by nature. You might call investing in meme coins and useless tokens a gambling but that is a totally different thing.

[Jody.Drummer]

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

[Zackgeno96]

There are very few people who have become truly happy from gambling. And certainly not much gambling. What is a hobby for fun for one person can become an addiction and obsession for another. And that's when things start to go seriously wrong. I don't know how you can get rid of that if you're already deep in it. Those are things that don't just happen in a day. It also depends on the country where you come from, each country has its own rules regarding gambling.

[molsewid]

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

Yes I believe in that but for me there's only a thin line between them. Both needed to take a risks and I think trading is more riskier because trading depends on market which is very volatile while in gambling you can stop anytime you want because you are the one who operates your bet, but all in all both needed a  discipline because you can go broke or you can be rich instantly in any of these.

[Jody.Drummer]

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

Yes I believe in that but for me there's only a thin line between them. Both needed to take a risks and I think trading is more riskier because trading depends on market which is very volatile while in gambling you can stop anytime you want because you are the one who operates your bet, but all in all both needed a  discipline because you can go broke or you can be rich instantly in any of these.

Talking about risks, it is very clear that in any case there are risks that we have to take, the difference is how big or small the risk is. But in gambling for me it's no longer a risk, but we have to think of the money we put in as money that has been lost. Investment is another thing for me, especially when we invest in bitcoin, for me personally there is no doubt to wait for profits, as long as we can hold on for the long term.
I often hear of someone going bankrupt because of gambling, and many of them even decide to end their life because they have lost too much money and have too many debts.

[macson]

snip

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Tell your friends, never to equate pears and apples, they both look the same but are very different;

gambling, the betting or staking of something of value, with consciousness of risk and hope of gain, on the outcome of a game, a contest, or an uncertain event whose result may be determined by chance or accident or have an unexpected result by reason of the bettor’s miscalculation.

[1] https://www.britannica.com/topic/gambling

Trading involves vigorous participation in the financial markets in comparison to investing, which works on a buy-and-hold strategy. The success of trading is dependant on the ability of a trader to be profitable over a period of time. A trader is a person who gets involved in buying and selling of a financial asset in any financial market. He or she can buy or sell either for himself/herself or on behalf of another individual or institution. The main difference between an investor and a trader is the duration for which he or she holds on to the asset.

[1] https://cleartax.in/g/terms/trading

some people still think that trading is gambling because if you trade without skills, analysis, and management then you are doing gambling ^{(opinion of some people and what is circulating in general)} by relying only on luck but if you use all three then you are do trading ^{(not gambling)}

[Silberman]

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Believe it or not there are people that dense, it is true that we have access to most of the information the world has to offer, but people do not use this potential at all and prefer to use that access for entertainment purposes only, so despite the fact that the information regarding gambling and the impossibility of producing profits for the majority of gamblers out there is widely available, we still have a great deal of people which ignore this fact and will eventually be disappointed by their lack of positive results.

[LUCKMCFLY]

I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Your friends don't want to hear the truth about bitcoin because, in my opinion, they are gambling addicts who believe that bitcoin cannot provide them with the money they regularly win from gambling. For this reason, I believe that no matter what you explain to them about bitcoin, they won't agree with you, especially if you say that it requires a lot of time investment and that you must wait a very long time before making money from it. They won't even bother to look at it.
However, as long as you haven't invested in other shitcoins that will even cause you to lose more than a gambler, investing in bitcoin is plainly distinct from gambling.

There are many things that can be seen, when you bet some have a fetish with using bitcoin, and not using another currency, but there are others who don't, who only bet on altcoins, personally I really like to bet with bitcoin, of course now everything The world complains about the high rates, something that I understand quite accurately because at the moment of withdrawing it is not good because a lot of money is taken, so I think that I have already said it in many threads , what can be done there is that it can be reduced the number of sats that can be done.