Bitcoin trading and gambling

[jaberwock]

the first thing I questioned while getting to know the world of trading, so I searched the website of a religious institution in my country, which basically explained that trading is not gambling, as long as it is done correctly. trading is the same as selling something, it's just that this one is intangible.

I rarely come across statements like yours on this forum and I think you are a devout religious follower. If not, maybe looking at the website of a religious institution is not a major step for you to take, because most people usually see and learn how to trade properly before deciding to trade.

Even if you are not a religious person, being able to see that even religion puts them differently apart is a good enough proof that they are not the same thing. I mean of course we already know that they are not the same thing from the start, but this is a nice addition for some people and it would look like a good thing.

Obviously we are going to end up with some sort of different situation where it is going to take a while to realize gambling may never be like trading but sometimes some newbies take trading to be a lot more like gambling because they just trade without knowing anything and buy/sell stuff just because they feel like it and that causes a lot of trouble for them. I hope that people could realize that difference and also similarity.

[GeorgeJohn]

Do you know that many newbies contradict the fact of trading and gambling as same measures, but I stand to refute and also say No to such ideas of gambling been same as trading. Let me breakdown categorically from my perspective that gambling is different subject from trading, and it's obvious that gambling is not an identify skill you can be proud while trading is a skill in which people from different geographical environments acquire the system of trading with a fee to comprehend its theories and the primary obligations of trading, so nobody learn gambling it's what you choose to acquire because of you want to make a risk money. The only thing I can say that is making people to think that gambling is as same as trading is the risk that is involve in both, so when you comprehend trading very well you will understand that the risk that is involve in trading  is controllable while the risk that is been attached to gambling is not controllable and secondly gambling can be addicted while in trading you can't be addicted in trading, this is the two things that differentiate gambling from trading.

[Bitcoin_people]

~~
So having made all this comparisons, do you think that bitcoin can be classified as gambling?

I think bitcoin and gambling have some similarities but mostly different. Bitcoin and Gambling have very little in common Bitcoin is about trading and gambling is about making fortunes. By investing Bitcoin we can easily do many transactions and it is also possible to make profit by trading it. Gambling mainly depends on a person's luck and it is very difficult to predict. But the same is true for Bitcoin if a different Bitcoin risk-free predicts that it will be profitable in the future. But if I bet my money on gambling, the risk of losing it is high, very few people can win the bet. In fact, predicting that Bitcoin is less risky than gambling and you don't lose money investing in Bitcoin. So I think Bitcoin has never been similar to gambling even though the two involve different types of processes.

[Dimitri94]

~~
So having made all this comparisons, do you think that bitcoin can be classified as gambling?

I think bitcoin and gambling have some similarities but mostly different. Bitcoin and Gambling have very little in common Bitcoin is about trading and gambling is about making fortunes. By investing Bitcoin we can easily do many transactions and it is also possible to make profit by trading it. Gambling mainly depends on a person's luck and it is very difficult to predict. But the same is true for Bitcoin if a different Bitcoin risk-free predicts that it will be profitable in the future. But if I bet my money on gambling, the risk of losing it is high, very few people can win the bet. In fact, predicting that Bitcoin is less risky than gambling and you don't lose money investing in Bitcoin. So I think Bitcoin has never been similar to gambling even though the two involve different types of processes.

Nothing new needs to be said about gambling and trading. However, some people's perception why Bitcoin is compared to gambling? that is because of Bitcoin's high volatility. Many compare Bitcoin is gambling due to its high volatility but this idea is completely wrong. I can't think of Bitcoin as gambling because crypto gambling is conducted with Bitcoin. Gambling is the money I bet to either win or lose. A holder of Bitcoin never loses. Even if the price falls temporarily, it will recover again which is not possible in betting.

[Bushdark]

~~
So having made all this comparisons, do you think that bitcoin can be classified as gambling?

I think bitcoin and gambling have some similarities but mostly different. Bitcoin and Gambling have very little in common Bitcoin is about trading and gambling is about making fortunes. By investing Bitcoin we can easily do many transactions and it is also possible to make profit by trading it. Gambling mainly depends on a person's luck and it is very difficult to predict. But the same is true for Bitcoin if a different Bitcoin risk-free predicts that it will be profitable in the future. But if I bet my money on gambling, the risk of losing it is high, very few people can win the bet. In fact, predicting that Bitcoin is less risky than gambling and you don't lose money investing in Bitcoin. So I think Bitcoin has never been similar to gambling even though the two involve different types of processes.

Whatever the one that we think is better or has more value, I believe that when you master your field art, failure would be far from you. There are people that will always prefer to use there money to gamble and gain result than using it to trade or even giving people to trade for them. We all have where we are good and where are not. For me, trading is more beneficial that just using my fund to  play bet and waiting for result whather i will be lucky to make winning. Gambling is more of a lucky activity than just having the skill that will be more profitable like trading does. The more you gamble, the more experience you will have same way with trading too. Gambling is less if a skill activity.

[South Park]

Whatever the one that we think is better or has more value, I believe that when you master your field art, failure would be far from you. There are people that will always prefer to use there money to gamble and gain result than using it to trade or even giving people to trade for them. We all have where we are good and where are not. For me, trading is more beneficial that just using my fund to  play bet and waiting for result whather i will be lucky to make winning. Gambling is more of a lucky activity than just having the skill that will be more profitable like trading does. The more you gamble, the more experience you will have same way with trading too. Gambling is less if a skill activity.

There are many gambling games in which your skill does not matter at all and as such your results over the long term should be negative, however trading despite its seemingly random nature is all about your skill, if you are a good trader then it does not matter how low your starting capital would be, eventually you will become successful, it is because of this that when facing the choice of which one of those two options to pick people should become traders, as at least they have a real chance of making money if they become good enough at it.

[Strongkored]

So having made all this comparisons, do you think that bitcoin can be classified as gambling?

It looks like gambling because there is an element of speculation, buying at low prices and selling at high prices, but I think those who invest or trade in Bitcoin will not like it if someone says what is done as gambling because the connotation of gambling is often identified with things that are not good, so also in my opinion that Bitcoin trading and gambling have quite a big difference, gambling tends to depend on luck even though there are types of gambling that require analysis or skill, but trading will depend on skills so when the skills are higher the chances for profit will be higher, but unfortunately many traders do not have the skills to enter into trading and what he does will be the same as gambling, and if we are not traders who have enough skill, it is better to turn them into investors by saving them for the long term.

[uswa56]

So having made all this comparisons, do you think that bitcoin can be classified as gambling?

It looks like gambling because there is an element of speculation, buying at low prices and selling at high prices, but I think those who invest or trade in Bitcoin will not like it if someone says what is done as gambling because the connotation of gambling is often identified with things that are not good, so also in my opinion that Bitcoin trading and gambling have quite a big difference, gambling tends to depend on luck even though there are types of gambling that require analysis or skill, but trading will depend on skills so when the skills are higher the chances for profit will be higher, but unfortunately many traders do not have the skills to enter into trading and what he does will be the same as gambling, and if we are not traders who have enough skill, it is better to turn them into investors by saving them for the long term.

I don't think so, Trading and gambling have very significant differences and speculation cannot be made equal because speculation is an integral part of the financial market and investing in general is not just in gambling.
Gambling makes it possible to lose everything but in trading we have many options like waiting for the best price or releasing with a loss, it's definitely different I think.

[sysoe]

First of all, I think that gambling and Bitcoin are not the same thing, but they do have some similarities and differences. Gambling is a game of chance, where you bet money on an uncertain outcome, hoping to win more than you lose. Bitcoin is a digital currency, where you buy, sell, or hold coins, hoping to increase their value or use them for transactions.

However, both gambling and Bitcoin involve risk and reward, and require skill and luck. Risk means that you can lose money if the outcome or the price goes against your expectations. Reward means that you can make money if the outcome or the price goes in your favor. Skill means that you can use strategies, techniques, or knowledge to improve your chances of winning. Luck means that you can benefit from random events or factors that are beyond your control.

Therefore, I think that gambling and Bitcoin are both forms of speculation, which is the act of making a risky investment in the hope of making a profit. Speculation can be done with any asset or market, such as stocks, commodities, currencies, etc. Speculation can also be done for different reasons, such as entertainment, education, or income.

So, to answer your question, I think that Bitcoin can be classified as gambling, depending on how you use it and why you use it. If you use Bitcoin for trading or investing, with the intention of making money from price fluctuations, then you are gambling with Bitcoin. If you use Bitcoin for spending or saving, with the intention of using it as a medium of exchange or a store of value, then you are not gambling with Bitcoin.

However, I also think that gambling and Bitcoin are not necessarily bad or good things. They are just tools that can be used for different purposes and outcomes. They can be used responsibly or irresponsibly, wisely or foolishly, ethically or unethically. They can bring benefits or harms to yourself and others.

Therefore, I think that the key is to be aware of the risks and rewards involved in gambling and Bitcoin, and to make informed and rational decisions based on your goals and values. You should also be prepared to accept the consequences of your actions, whether they are positive or negative.

[Dzwaafu11]

Furthermore, I've leant on this forum that it's better to invest in bitcoin, with what you can afford to loose, meaning that it's not safe to invest your main capital. This is where I think that bitcoin is like gambling, because despite the accurate knowledge of bitcoin chart, you're never too certain of making gains, just like in casino, online betting and the rest.

Bitcoin investment, bitcoin trading, and Gambling are not the same thing. As a result, when forum users advised us to invest only the amount of money we can afford to lose, it doesn't imply that investments in bitcoin are unsafe; rather, it only means that there is a small risk involved in doing so, and over time, we would profit from it. There are still things you need to know before investing in or trading bitcoin in general, and here is where several traders fail when they don't concentrate and understand other important components of the technology. Accurate knowledge of the bitcoin chart is not enough.

Before engaging in bitcoin trading, you must acquire the necessary knowledge and skills; otherwise, you cannot trade and, if you do, you will constantly lose money. Have you, however, ever witnessed someone learn to gamble? It's not possible, therefore no. Simply go and watch how the clubs you want to bet on have been playing their prior games, and you will be able to guess who will win the match from there.

[Nheer]

It looks like gambling because there is an element of speculation, buying at low prices and selling at high prices, but I think those who invest or trade in Bitcoin will not like it if someone says what is done as gambling because the connotation of gambling is often identified with things that are not good, so also in my opinion that Bitcoin trading and gambling have quite a big difference, gambling tends to depend on luck even though there are types of gambling that require analysis or skill, but trading will depend on skills so when the skills are higher the chances for profit will be higher, but unfortunately many traders do not have the skills to enter into trading and what he does will be the same as gambling, and if we are not traders who have enough skill, it is better to turn them into investors by saving them for the long term.

Bitcoin is far from gambling, all the elements you outlined are just not related to gambling but They both involve risk. Gambling is a game of pure luck and it doesn’t matter if you are knowledgeable about it or you have experience on gambling, your luck will always be your luck. For gambling, even if a game is between a strong side and a weaker side and you are certain that the better team will win, it may end up the other way round and the better side may lose the match. The level of uncertainty is too high. Same goes for bitcoin trading, we never know how the market price may move so profits and losses are always based on pure luck but in the case of bitcoin trading if you are knowledgeable about it you may reduce the level risk to improve your profits. Bitcoin investment is less riskier than the both because it doesn’t require anything spectacular all you have to do is purchase your bitcoin and store in secure wallet and whenever the price improves you can easily withdraw your profits.

[Peanutswar]

Are you saying that the bitcoin is base on luck?, if you are trading with bitcoin and have an investment on it you know how does it works first before you make your move because there's no person in a right mind make an investment to the things they don't know it's just like giving a free money, committing on it must need to have a knowledge and understanding so those information can serve to you as a guide and lesson what are the next thing you need to do, unlike gambling just a click away you are trying to risk without assurance if your winnings. It's a knowledge versus luck game with your statement of Bitcoin is like gambling.

[Kelvinid]

Are you saying that the bitcoin is base on luck?, if you are trading with bitcoin and have an investment on it you know how does it works first before you make your move because there's no person in a right mind make an investment to the things they don't know it's just like giving a free money, committing on it must need to have a knowledge and understanding so those information can serve to you as a guide and lesson what are the next thing you need to do, unlike gambling just a click away you are trying to risk without assurance if your winnings. It's a knowledge versus luck game with your statement of Bitcoin is like gambling.

Supposedly you are right but unfortunately, there are still a lot of people who are doing this. They invest blindly, they put money into scam projects and into investments that promise huge ROI but in the end, they got nothing other than losing their money. Usually, we become confident that investing in Bitcoin is just easy because that is what we usually heard from influencers. Well, we just know it was wrong when we are in actuality. Because trading can never be called Gambling, not in the sense that we are not relying on luck but we are working hard to earn and succeed.

[Fuso.hp]

Are you saying that the bitcoin is base on luck?, if you are trading with bitcoin and have an investment on it you know how does it works first before you make your move because there's no person in a right mind make an investment to the things they don't know it's just like giving a free money, committing on it must need to have a knowledge and understanding so those information can serve to you as a guide and lesson what are the next thing you need to do, unlike gambling just a click away you are trying to risk without assurance if your winnings. It's a knowledge versus luck game with your statement of Bitcoin is like gambling.

Investing never depends on luck but gambling depends on luck. If you invest in Bitcoin without understanding the market and you are just sitting there depending on luck, you will not get anything from that investment. If investing depended on luck, people wouldn't be so interested in investing or researching the market so much. Investment depends entirely on one's own skill and experience. Those who have patience and have enough knowledge about investment or market will never choose gambling site they will always choose investment. People who want to grow their money overnight mainly choose gambling instead of investing. People lose more money than they earn by gambling.

[Fivestar4everMVP]

From my observation, people don't have much regards for gamblers, they either see them as lazy people who don't like to work, or people who want to take shortcut to get rich. Although people are entitled to their opinions, but I don't like to categorize bitcoin in this group of " try your luck ". I know bitcoin is of a higher level, it's a decentralized digital currency that you can use to make transactions, at the same time you can cash in when the coin appreciates., or even trade it to make profit.

So having made all this comparisons, do you think that bitcoin can be classified as gambling?

A big mistake on you if you ever classify investing or trading in bitcoin as gambling, this is two have really clear difference and I don't see where exactly such a comparison comes in, yes its practically impossible to determine or tell what the price of bitcoin will be in the next hour or so, but even at this, you can still make profit from holding bitcoin even if you wrongly guessed the price of bitcoin for that period of time , what is the secret to this, its being patient.

Being patient can not help you make a dime on a bet that you already genuinely lost, its not possible anywhere, but lets assume you bought bitcoin with the hope that the price will go up in one hour time, and when the time you expected the price of bitcoin to go up came, it didn't, rather it declined, in gambling, that is already a lot bet and your money is gone, but in this particular situation, you can patient and continue to hold, it might take one or two extra hours, or even the whole day or weeks, the fact is that the price of bitcoin will still go up as you anticipated and you can always sell it for profit if you patiently held and don't sell it at a loss.

This is clearly very different from gambling.

[Adams0001]

Anything you put your money into, in my opinion, is gambling. Either you make or lose money. In that sense, it is gambling. However, it is critical that you understand the project into which you are investing. Similar to stocks, you invest in firms in order to earn high profits. The premise is the same, but the crypto market is significantly more volatile and has produced several billionaires. When you bet, the outcome is entirely dependent on chance. No matter how skillfully you pull the lever on a slot machine, the outcome is still random and completely out of your control. When we talk about trading, the general consensus is that you buy them for short periods of time in the hopes of making quick profits.

[edy_58]

For some time now I've been pondering on this matter, because I see similarity between bitcoin trading and gambling, so I'm wondering whether they're the same thing. My simple definition of gambling is "try your luck", because you don't know what will be the outcome of the game that you staked. Although calculation is involved in gambling, like forecasting and permutations to predict winnings. In the end it is fifty fifty or sixty forty chances of winning. At the same time you can not accurately predict bitcoin , because of it's volatile nature. You're not 100% sure whether you'll win or loose.  Furthermore, I've leant on this forum that it's better to invest in bitcoin, with what you can afford to loose, meaning that it's not safe to invest your main capital. This is where I think that bitcoin is like gambling, because despite the accurate knowledge of bitcoin chart, you're never too certain of making gains, just like in casino, online betting and the rest.

From my observation, people don't have much regards for gamblers, they either see them as lazy people who don't like to work, or people who want to take shortcut to get rich. Although people are entitled to their opinions, but I don't like to categorize bitcoin in this group of " try your luck ". I know bitcoin is of a higher level, it's a decentralized digital currency that you can use to make transactions, at the same time you can cash in when the coin appreciates., or even trade it to make profit.

So having made all this comparisons, do you think that bitcoin can be classified as gambling?

trading and gambling are two very different things even though both have a risk of loss, for me gambling relies on luck, but in trading it really requires proper knowledge and analysis in trading, in gambling if we are not lucky then we will obviously suffer losses and if in trading experiencing a decrease in price so we can still wait when the price is good.

[tygeade]

Are you saying that the bitcoin is base on luck?, if you are trading with bitcoin and have an investment on it you know how does it works first before you make your move because there's no person in a right mind make an investment to the things they don't know it's just like giving a free money, committing on it must need to have a knowledge and understanding so those information can serve to you as a guide and lesson what are the next thing you need to do, unlike gambling just a click away you are trying to risk without assurance if your winnings. It's a knowledge versus luck game with your statement of Bitcoin is like gambling.

Supposedly you are right but unfortunately, there are still a lot of people who are doing this. They invest blindly, they put money into scam projects and into investments that promise huge ROI but in the end, they got nothing other than losing their money. Usually, we become confident that investing in Bitcoin is just easy because that is what we usually heard from influencers. Well, we just know it was wrong when we are in actuality. Because trading can never be called Gambling, not in the sense that we are not relying on luck but we are working hard to earn and succeed.

The ones who invest into scam projects without first studying about it are the ones that make me the mad most. I am not saying you can't get scammed, everyone can get scammed, if you end up studying and researching well enough and the other side just hides their scam very well, then you could get scammed and that's fine.

However, we are talking about a situation where some people go into scam projects that are too obvious, but because they do not research it first, they go in and they end up losing money. Those people are not just gambling, they are literally throwing their money away and that should be avoided at all times whenever we can. In the end we are going to learn more about what we can do and that's the key here.

[TheUltraElite]

trading and gambling are two very different things even though both have a risk of loss, for me gambling relies on luck, but in trading it really requires proper knowledge and analysis in trading, in gambling if we are not lucky then we will obviously suffer losses and if in trading experiencing a decrease in price so we can still wait when the price is good.

Over here you are referring to EV- gambling games which are more commonly known to public and those are relying on luck, no doubt. But we also have EV+ games like poker, sportsbetting which require the gambler to have certain skills and practice them to maximize their winnings.

Then in trading we have spot trading which is the buy/sell thing that everyone is aware of and we also have Futures, Leverage and all which are less known to public. Spot trading can be likened with EV+ gambling while the others with EV- gambling.

The point to note there is that exchanges will never market spot trading because its implied that it is going to be there. You have to decide whether you want to play with luck and reach huge profits/losses in short time or want to play it cool and get significant profits over time.

[svgisawmn]

For some time now I've been pondering on this matter, because I see similarity between bitcoin trading and gambling, so I'm wondering whether they're the same thing. My simple definition of gambling is "try your luck", because you don't know what will be the outcome of the game that you staked. Although calculation is involved in gambling, like forecasting and permutations to predict winnings. In the end it is fifty fifty or sixty forty chances of winning. At the same time you can not accurately predict bitcoin , because of it's volatile nature. You're not 100% sure whether you'll win or loose.  Furthermore, I've leant on this forum that it's better to invest in bitcoin, with what you can afford to loose, meaning that it's not safe to invest your main capital. This is where I think that bitcoin is like gambling, because despite the accurate knowledge of bitcoin chart, you're never too certain of making gains, just like in casino, online betting and the rest.

From my observation, people don't have much regards for gamblers, they either see them as lazy people who don't like to work, or people who want to take shortcut to get rich. Although people are entitled to their opinions, but I don't like to categorize bitcoin in this group of " try your luck ". I know bitcoin is of a higher level, it's a decentralized digital currency that you can use to make transactions, at the same time you can cash in when the coin appreciates., or even trade it to make profit.

So having made all this comparisons, do you think that bitcoin can be classified as gambling?

Well, I'm not a gambling person but I'm definitely a bitcoin person. You cannot be 100% sure if you lose or win, that's true. But there are market predictions, there're bullish and bearish markets. So, it's not a total mystery. The more you trade, the more you understand the basics