Bitcoin trading and gambling

[Poker Player]

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

I am going to speak from my experience and I believe that there is more similarity between certain types of "gambling" such as sports betting and poker and trading than between the classic casino gambling, in which there is a mathematical certainty of losing money in the long term.

In trading, as in sports betting and poker, you can lose money but with study, patience and effort you can make money in the long run.

I would say that to the extent that someone gets into trading following the fashion of the moment, with little knowledge and using a lot of leverage is gambling, but if you take your time to study, test and manage a bankroll, or as they say in the field of trading, is doing something more like what the winning players of poker and sports betting do.

In fact, a while back when the poker tables started getting tougher I saw people say on poker forums that they were starting to try trading, but I don't know how they got on.

[xSkylarx]

Holding bitcoin is not the same thing as trading bitcoin. Gambling and trading are not the same thing too. Trading require you to learn trading skills but gambling require just some strategies. Trading can be risky like gambling, but they are not the same thing. If the price of bitcoin fall already, you can invest for months or years and you will most likely gain.

Trading is risky like gambling but not as risky as gambling.  When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins.  But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gambling

For those who trade in panic and are more addicted to futures trading or margin trading, trading behaves like gambling, but trading does not behave like gambling for everyone. Trading is a type of digital business so it cannot be compared to gambling in any way. And some more difference between gambling and trading is that gambling is a bad addiction and it can make anyone addicted very easily but trading can't make anyone addicted very quickly. It is not easy to quit gambling but it is easy to quit trading

It's because gambling is for fun, which is why people got addicted to it as a form of entertainment, but in trading, it is somewhat of a skill or a job that you are pushing yourself to do just to gain profit. Also, people really misconstrue trading as gambling, as others just treat it like gambling by guessing where the price goes and relying on luck, and that is where the big losses start. Though there are still people who are addicted to gambling, let's say their screen time is more than 8 hours, as they are really wanting to trade, which is also a bad thing because you'll be trading huge amounts at that time and again prone to losses.

[_act_]

It's because gambling is for fun, which is why people got addicted to it as a form of entertainment, but in trading, it is somewhat of a skill or a job that you are pushing yourself to do just to gain profit. Also, people really misconstrue trading as gambling, as others just treat it like gambling by guessing where the price goes and relying on luck, and that is where the big losses start. Though there are still people who are addicted to gambling, let's say their screen time is more than 8 hours, as they are really wanting to trade, which is also a bad thing because you'll be trading huge amounts at that time and again prone to losses.

Trading should not be taken as a job, although it can be a job for those that understand it. Trading can be worse than gambling for some people, they will learn but still lacks the knowledge to make profit with it. For anyone that is trading, it is good to first use small amount of money and continue with it. In trading, someone can be addicted and continue to trade and lose. I am not disputing what you said, but trading is very risky like gambling.

[Kelward]

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

I am going to speak from my experience and I believe that there is more similarity between certain types of "gambling" such as sports betting and poker and trading than between the classic casino gambling, in which there is a mathematical certainty of losing money in the long term.

In trading, as in sports betting and poker, you can lose money but with study, patience and effort you can make money in the long run.

I would say that to the extent that someone gets into trading following the fashion of the moment, with little knowledge and using a lot of leverage is gambling, but if you take your time to study, test and manage a bankroll, or as they say in the field of trading, is doing something more like what the winning players of poker and sports betting do.

In fact, a while back when the poker tables started getting tougher I saw people say on poker forums that they were starting to try trading, but I don't know how they got on.

I can agree with your comparison of bitcoin trading and and sports/poker gambling, the three of them requires acquiring special skills to earn money with them. Just like when you're required to study the events that determines the fluctuations of bitcoin, you're also expected to know about clubs and abilities of players in a particular season to know if it's favorable to bet on them, then poker, just like chess, you need special skills to be able to master the game and win.

Unlike the classic casino gambling, where you don't need any special skills to gamble, it is very easy for people to lose their money. I classify this types of gambling as "try your luck" because you stake your money and rely solely on luck to win.

[doomloop]

They both might share some common elements, but they are contrasting activities. With trading you often need strategic decision-making, analysis and research, while gambling is all about stakes. Crypto trading offers vast opportunities and risk free events like KCGI trading contest unlike gambling where you only rely on luck and chance

Nothing is free from risk, everything that has the possibility of profit will be proportional to the risks that will be faced, trading and gambling have significant differences, as well as the risks and benefits that may be obtained, and also both still have a strategy and analysis so that not a benchmark.
So we can choose between the two with different risk awareness in between.

There is basically no strategy in gambling, when we talk about gambling games, there is absolutely no strategy nor any knowledge or experience required, but if we talk about sports betting, one might build a strategy about which games they will be betting on or they might be choosing matches to bet on based on the winning odds, etc. And, sports betting also requires the bettor to have some knowledge and experience about the sport they will be betting on.

On the other hand, Bitcoin trading, whether in futures or spot markets, has to be executed as per a proper plan based on research and analysis. When you are investing for the long run, you might not need to do much but when you are a day trader, you will need to have a lot of knowledge and experience.

[IvugeoEvolutionCoin]

Trading and gambling are two different things, either with emotions or not, what you will have to understand is their differences and the risk as you've mentioned already, being emotional is what can lead to any of the trading experience or gambling but that doesn't mean they are thesame, if you trade you earn with a little probability of loosing small amount of money, if you gamble you're liable to loose the whole money, trading is an investment while gambling a liability as some may believed.

Gambling is an addiction on the other hand trading is like gambling but there is no fear in trading. Because there is very little chance of losing all the money by trading. But those who are addicted to gambling have a little more risk because all the money is at risk during gambling. I am a gambler.  And trading finds many differences between the two so I think both have risks.

[Lorence.xD]

It's because gambling is for fun, which is why people got addicted to it as a form of entertainment, but in trading, it is somewhat of a skill or a job that you are pushing yourself to do just to gain profit. Also, people really misconstrue trading as gambling, as others just treat it like gambling by guessing where the price goes and relying on luck, and that is where the big losses start. Though there are still people who are addicted to gambling, let's say their screen time is more than 8 hours, as they are really wanting to trade, which is also a bad thing because you'll be trading huge amounts at that time and again prone to losses.

Trading should not be taken as a job, although it can be a job for those that understand it. Trading can be worse than gambling for some people, they will learn but still lacks the knowledge to make profit with it. For anyone that is trading, it is good to first use small amount of money and continue with it. In trading, someone can be addicted and continue to trade and lose. I am not disputing what you said, but trading is very risky like gambling.

I think trading could actually be consider as a full time job, cause if a person is doing full time trading and that's where he get his money income to provide all of his needs. Same way in gambling, but I think it would only apply to those professional gambler where they are paid by just gambling since they are being paid for their talent, also consider the paid promotion such as advertisement. But if you are just an average person doing either trading and gambling, then it would be hard to consider it as a job for you since if you're not good enough how you would provide all your needs if you are starting to lose some money in trading or gambling right? So it really dpeends

[Hamphser]

They both might share some common elements, but they are contrasting activities. With trading you often need strategic decision-making, analysis and research, while gambling is all about stakes. Crypto trading offers vast opportunities and risk free events like KCGI trading contest unlike gambling where you only rely on luck and chance

Nothing is free from risk, everything that has the possibility of profit will be proportional to the risks that will be faced, trading and gambling have significant differences, as well as the risks and benefits that may be obtained, and also both still have a strategy and analysis so that not a benchmark.
So we can choose between the two with different risk awareness in between.

There is basically no strategy in gambling, when we talk about gambling games, there is absolutely no strategy nor any knowledge or experience required, but if we talk about sports betting, one might build a strategy about which games they will be betting on or they might be choosing matches to bet on based on the winning odds, etc. And, sports betting also requires the bettor to have some knowledge and experience about the sport they will be betting on.

On the other hand, Bitcoin trading, whether in futures or spot markets, has to be executed as per a proper plan based on research and analysis. When you are investing for the long run, you might not need to do much but when you are a day trader, you will need to have a lot of knowledge and experience.

We know that gambling could be also classified on two different types;
•Strategic
•Pure luck

On which on the time that we do able to say that it is really something that could really be able to win up when you are really that knowledgeable specially on sports betting on which you could really be having the advantage but if not then it would really do otherwise. In trading then it could be also come into a point that you are doing gambling.On which way? On the time that you do dive in with the market without
having that ample or sufficient knowledge then you are just making out some positions without any basis then it is really just that simply showing that you are doing gambling. Both have
certain risks but in overall you cant really be able to make out that kind of similarities in between a business/career/income making to some entertainment or leisure thing.This is their main difference.

[TheUltraElite]

Gambling is an addiction on the other hand trading is like gambling but there is no fear in trading. Because there is very little chance of losing all the money by trading. But those who are addicted to gambling have a little more risk because all the money is at risk during gambling. I am a gambler.  And trading finds many differences between the two so I think both have risks.

Gambling has two broad types in it. EV+ where your skills matter more and EV- where luck is the only thing that matters. People tend to play the latter more than the former because they are easy to start and give you the quick kick without you having to learn about it. Trading if done as spot trading is an EV+ game while any other mode of trading is EV- and this more risky.

So now you can compare the two better and make an informed decision which ones to get into. Money is at risk always but the quantum of risk is lower in spot trading.

[rozak]

Gambling is an addiction on the other hand trading is like gambling but there is no fear in trading. Because there is very little chance of losing all the money by trading. But those who are addicted to gambling have a little more risk because all the money is at risk during gambling. I am a gambler.  And trading finds many differences between the two so I think both have risks.

Gambling has two broad types in it. EV+ where your skills matter more and EV- where luck is the only thing that matters. People tend to play the latter more than the former because they are easy to start and give you the quick kick without you having to learn about it. Trading if done as spot trading is an EV+ game while any other mode of trading is EV- and this more risky.

So now you can compare the two better and make an informed decision which ones to get into. Money is at risk always but the quantum of risk is lower in spot trading.

I know several gamblers who ended up taking part in trading, even though they were beginners and it was recommended to trade spot. but more of them are more interested in futures trading. Maybe because they are used to gambling on luck, they see future trading as part of maximizing their luck rather than their skills.
Some people call trading without skills and knowledge the same as gambling. Maybe that's true because they place trading positions like placing bets in a casino.

[Sim_card]

Gambling is an addiction on the other hand trading is like gambling but there is no fear in trading. Because there is very little chance of losing all the money by trading. But those who are addicted to gambling have a little more risk because all the money is at risk during gambling. I am a gambler.  And trading finds many differences between the two so I think both have risks.

Gambling has two broad types in it. EV+ where your skills matter more and EV- where luck is the only thing that matters. People tend to play the latter more than the former because they are easy to start and give you the quick kick without you having to learn about it. Trading if done as spot trading is an EV+ game while any other mode of trading is EV- and this more risky.

So now you can compare the two better and make an informed decision which ones to get into. Money is at risk always but the quantum of risk is lower in spot trading.

I know several gamblers who ended up taking part in trading, even though they were beginners and it was recommended to trade spot. but more of them are more interested in futures trading. Maybe because they are used to gambling on luck, they see future trading as part of maximizing their luck rather than their skills.
Some people call trading without skills and knowledge the same as gambling. Maybe that's true because they place trading positions like placing bets in a casino.

Trading is something that you don't control but try to use your skill and strategy to see if you will make profit from it. This means that your are taking a risk to see the outcome of the market. Likewise gambling, you can only predict the predict or predict the market and you may be right or wrong. Gambling will lead to more loss no matter how you think that you are skillful in it because it is based mostly on luck. In trading, you can have your own trading strategy that works out for you and you also know how the risk management, if you become a professional, you can make more profit than you lose. The thing worst is when you allow your greed and emotion to control you when trading or gambling,you must run at loss.

[Fuso.hp]

Trading and gambling are two different things, either with emotions or not, what you will have to understand is their differences and the risk as you've mentioned already, being emotional is what can lead to any of the trading experience or gambling but that doesn't mean they are thesame, if you trade you earn with a little probability of loosing small amount of money, if you gamble you're liable to loose the whole money, trading is an investment while gambling a liability as some may believed.

Gambling is an addiction on the other hand trading is like gambling but there is no fear in trading. Because there is very little chance of losing all the money by trading. But those who are addicted to gambling have a little more risk because all the money is at risk during gambling. I am a gambler.  And trading finds many differences between the two so I think both have risks.

There are many differences between trading and gambling. People get addicted to gambling but people never get addicted to trading. It is good to be interested in everything but it is never good to be addicted to anything. Both trading and gambling are risky but when compared to both, the risk in gambling is much higher. Gambling is either your money comes or your money goes. People lose thousands of dollars in a moment on all these gambling platforms but in trading there is no chance of losing money completely like gambling. Trading may show you temporary losses and make you wait but never lose your money completely so I think trading is a bit safer than gambling.

[stomachgrowls]

Gambling is an addiction on the other hand trading is like gambling but there is no fear in trading. Because there is very little chance of losing all the money by trading. But those who are addicted to gambling have a little more risk because all the money is at risk during gambling. I am a gambler.  And trading finds many differences between the two so I think both have risks.

Gambling has two broad types in it. EV+ where your skills matter more and EV- where luck is the only thing that matters. People tend to play the latter more than the former because they are easy to start and give you the quick kick without you having to learn about it. Trading if done as spot trading is an EV+ game while any other mode of trading is EV- and this more risky.

So now you can compare the two better and make an informed decision which ones to get into. Money is at risk always but the quantum of risk is lower in spot trading.

I know several gamblers who ended up taking part in trading, even though they were beginners and it was recommended to trade spot. but more of them are more interested in futures trading. Maybe because they are used to gambling on luck, they see future trading as part of maximizing their luck rather than their skills.
Some people call trading without skills and knowledge the same as gambling. Maybe that's true because they place trading positions like placing bets in a casino.

Trading is something that you don't control but try to use your skill and strategy to see if you will make profit from it. This means that your are taking a risk to see the outcome of the market. Likewise gambling, you can only predict the predict or predict the market and you may be right or wrong. Gambling will lead to more loss no matter how you think that you are skillful in it because it is based mostly on luck. In trading, you can have your own trading strategy that works out for you and you also know how the risk management, if you become a professional, you can make more profit than you lose. The thing worst is when you allow your greed and emotion to control you when trading or gambling,you must run at loss.

Everything would really be needing up that knowledge and skills for you to make yourself that effective and somewhat sustainable within this market and this is via learning through actual experience in the market which it

doesnt really take that short time but rather the opposite. Trading could really be called gambling in the sense that you are making some rush decisions and no basis when it comes to your trading entries
which we know that it is really that very crucial for you to have such kind of step and consideration because if you havent really that kind of approach then most likely you would really be that making tons
of trading mistakes on which it is really that something that will really be needing to reassess and looking out for you to have that advantage instead on just doing the opposite.

Dont make trading as some sort of gambling because it isnt really that totally different or having that kind of approach on things. You would really be needing to differentiate things among the two.

[Nrcewker]

They both might share some common elements, but they are contrasting activities. With trading you often need strategic decision-making, analysis and research, while gambling is all about stakes. Crypto trading offers vast opportunities and risk free events like KCGI trading contest unlike gambling where you only rely on luck and chance

You can categorise both as game of luck and game of skills. Trading is not completely game of skill, as some luck factor is also involved here. Similarly gambling is also not purely game of luck, as in sports betting you need some skills to analyse the game. So yea both are different things with some similarities and differences. In gambling the risk is more while in trading the risk is comparatively less. So choose what you want to do, based on your risk intake capabilities.

[Russlenat]

They both might share some common elements, but they are contrasting activities. With trading you often need strategic decision-making, analysis and research, while gambling is all about stakes. Crypto trading offers vast opportunities and risk free events like KCGI trading contest unlike gambling where you only rely on luck and chance

You can categorise both as game of luck and game of skills. Trading is not completely game of skill, as some luck factor is also involved here. Similarly gambling is also not purely game of luck, as in sports betting you need some skills to analyse the game. So yea both are different things with some similarities and differences. In gambling the risk is more while in trading the risk is comparatively less. So choose what you want to do, based on your risk intake capabilities.

Absolutely. Bitcoin trading and gambling may be similar in some features but are different at some point. But one thing is certain, if you don't have both the luck and skills, you will never be successful in any of them. Moreover, having high knowledge is also crucial in both as you can't just enter gambling or trading without prior understanding about it.

[Hamphser]

They both might share some common elements, but they are contrasting activities. With trading you often need strategic decision-making, analysis and research, while gambling is all about stakes. Crypto trading offers vast opportunities and risk free events like KCGI trading contest unlike gambling where you only rely on luck and chance

You can categorise both as game of luck and game of skills. Trading is not completely game of skill, as some luck factor is also involved here. Similarly gambling is also not purely game of luck, as in sports betting you need some skills to analyse the game. So yea both are different things with some similarities and differences. In gambling the risk is more while in trading the risk is comparatively less. So choose what you want to do, based on your risk intake capabilities.

Absolutely. Bitcoin trading and gambling may be similar in some features but are different at some point. But one thing is certain, if you don't have both the luck and skills, you will never be successful in any of them. Moreover, having high knowledge is also crucial in both as you can't just enter gambling or trading without prior understanding about it.

There are certain types of gambling games which does require skills and knowledge and of course a bit mix of luck for you to win which it is really that similar on trading but on the different essence since you are dealing with market on here and not that been choosing on which team would gonna win. It is really that totally different in speaking on whats a long term business or investment which you would be dealing which is possible with trading but not in gambling but somewhat there are so called professional gamblers who could really be able to make out such sustenance for long time for them to survive despite of the risks involved with gambling which not all would really be able to reach out such state.

Trading is different on leisure time and of course you would really be having that different approach when it comes to this and on how things should be done or dealt with.
Its impossible that you cant really be able to see on whats you are really that dealing with.

[Out of mind]

I see a lot of differences between Bitcoin trading and gambling, because trading is about using your own skills and experience to make a profit. There is no difference between gambling and trading but two different things, when you gamble you never understand how trading is done. A person who is addicted to winning will never be able to profit from trading and will have little idea about it, while people who do trade have very little idea about giving. It is always possible to make good earnings by trading, but if you don't have good experience then it is never possible to do it. Again by gambling if a person can make good predictions then he is able to earn well. And I think these two platforms are different, so there is no difference and no similarity between these two separate things as far as I know.

[rozak]

Dont make trading as some sort of gambling because it isnt really that totally different or having that kind of approach on things. You would really be needing to differentiate things among the two.

people can differentiate between the two only when they have sufficient experience and knowledge of both. so someone will be able to feel for themselves where the differences lie.
a person must think why other people can continue to profit in trading while he himself continues to lose. that's because novice traders don't minimize the risk of their trading. more novice traders simply speculate. it's almost the same as placing a bet at the gambling table.

I wouldn't say they are the same. trading and gambling are still different.

[irhact]

I see a lot of differences between Bitcoin trading and gambling, because trading is about using your own skills and experience to make a profit. There is no difference between gambling and trading but two different things, when you gamble you never understand how trading is done.

An individual that gamble can't also understand what trading is and how it's done, just because a person is a gambler doesn't mean the person is stupid and don't have knowledge on other things. Gambling is an activity everybody can do but to avoid getting addicted, they only have to watch how they gamble and only use money that won't put them into debt. Gambling and trading is different but many individual who wish to be traders, gamble thinking they're trading.

It's because of this that people think the two are the same because we have gambler's that take their gambling mindset into trading and they might see profit when they're new but as the time goes by, they begin to experience losses which they'll want to chase but keep losing.

[Xcode7]

I see a lot of differences between Bitcoin trading and gambling, because trading is about using your own skills and experience to make a profit. There is no difference between gambling and trading but two different things, when you gamble you never understand how trading is done.

An individual that gamble can't also understand what trading is and how it's done, just because a person is a gambler doesn't mean the person is stupid and don't have knowledge on other things. Gambling is an activity everybody can do but to avoid getting addicted, they only have to watch how they gamble and only use money that won't put them into debt. Gambling and trading is different but many individual who wish to be traders, gamble thinking they're trading.

It's because of this that people think the two are the same because we have gambler's that take their gambling mindset into trading and they might see profit when they're new but as the time goes by, they begin to experience losses which they'll want to chase but keep losing.

Obviously trading and gambling are very different things, I think in gambling there is no need for any knowledge or expertise, they just guess and there are only 2 possibilities, namely winning and losing without any compensation, but in trading everything is possible according to skill and knowledge. that we have and we even have many possibilities even when we are in a pinch.
Actually everything can be said to be gambling depending on what is done and therefore it is true as you said that everything starts from a person's mindset and point of view in understanding it.