Bitcoin trading and gambling

[gunhell16]

Well, I also really agree with this one because it is very clear that gamblers never care about the direction prices will move in the market. So they only risk their money on certain assets by hoping for luck and if they are not lucky they will try again as they often do in gambling, so it is very clear that gamblers and traders are different in terms of their abilities.

You hit the exact point of the matter in this thread section. To other traders who say that trading and gambling are the same, they are not real traders. Why? Of course, if you are a real trader, you won't trade if you know you won't get any profit.

It's just common sense: if you're willing to gamble your capital invested in a business, it's better to use the capital you'll be gambling with instead of trading. It's so simple to understand, isn't it? It's not hard to understand, and that's why those willing to lose in trading are often the ones who don't know anything about trading.

Because they are willing to lose, that's why there are 3 types of traders: scalpers, short-term traders, and long-term traders. They know how to make money in trading due to the fact that they have enough knowledge here and not because they hope that they will be lucky in trading.

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[Jocuserious]

It should be known to you that gambling and trading are different things in one word, even you can earn daily from trading if you can gain experience with good understanding of trading. It is possible to make good profit from trading and your money is guaranteed that no third party can withdraw your funds but profits may be more or less and losses may also occur but you will not lose your entire money. On the other hand play gambling where after placing a bet then if you lose then you lose the entire amount, and if you win then you can earn double money.

[doomloop]

It should be known to you that gambling and trading are different things in one word, even you can earn daily from trading if you can gain experience with good understanding of trading. It is possible to make good profit from trading and your money is guaranteed that no third party can withdraw your funds but profits may be more or less and losses may also occur but you will not lose your entire money. On the other hand play gambling where after placing a bet then if you lose then you lose the entire amount, and if you win then you can earn double money.

A lot of people actually compare gambling with trading because of futures trading which might have some similarities with gambling but it's still a lot different than gambling itself because futures trading can be profitable if someone has enough knowledge and experience about the market and how it moves because you make the trades based on your research and analysis and you don't lose the trades all the time if you are doing it that way.

Sports betting has more similarities with futures trading because when you are betting on a sports event, you need knowledge and experience about the sport and the teams involved in that match so that you can choose the side that has the highest chances of winning and you can win more if you are knowledgeable.

[Awaklara]

Sports betting has more similarities with futures trading because when you are betting on a sports event, you need knowledge and experience about the sport and the teams involved in that match so that you can choose the side that has the highest chances of winning and you can win more if you are knowledgeable.

Many say that futures trading is similar to gambling, but why didn't I think that it is also more similar to sports betting? Now that I think about it, it also makes sense. and this probably spot trading will not be included.

but still, those who are experienced in trading or gambling will definitely see some differences. especially for those who play luck-based games like slots. it's fun but it really drains our money very quickly.

[terrific]

It is possible to make good profit from trading and your money is guaranteed that no third party can withdraw your funds but profits may be more or less and losses may also occur but you will not lose your entire money.

In casinos, there's no third party that will withdraw your fund as long as you won't share your account to anybody.

On the other hand play gambling where after placing a bet then if you lose then you lose the entire amount, and if you win then you can earn double money.

The same goes with trading, if you lose your trade then you also lose. And just as what you're saying with gambling, you can also gain double possible.

[dunfida]

Trading without understanding is a kind of gambling.  However, gambling and trading are not the same thing. Each task should be understood.  If you act with understanding, the chances of damage are less.  Gambling is totally dependent on luck.  It does not predict what is going to happen.  And for trading you need to understand when to hold bitcoin and when to sell.  No one could master the trading subject in a day.

Trading gets better with experience and you can't get all the experience you need to become a good trader in a day. Any individual that wants to become a professional trader need to be discipline and not consider trading to be gambling or he'll not be doing it right. We have some individual that consider trading to be gambling and this people don't study charts before trading and sometimes it works for them but it won't be long before they start losing.

Gambling is something every individual can do but trading isn't because trading needs you to understand how the market works and predict the next movement correctly but gambling needs you to just guess and if you're lucky you win. Trading need you to be focused and smart.

If you happen to be an experienced trader, you will have a chance to earn good profits.
However, even if you have been in gambling for years and you're playing those luck-based games, you still have no guarantee when will you hit your lucky day.
In my opinion, the risk is lower in trading, as you gain knowledge about the market. Because you can apply those TAs and techniques, strategies that you have gained thru the years.
Whereas, this may be true in gambling, if you are in sportsbetting or poker. But for those games of chance, luck is the major contributor of your winning strategy.

There would really be similarities and there would really be those differences on which it would really be just that so common that you would really be having that kind of possible outcome basing up with your experience and
the thing that you are dealing with. We know that gambling games could really be also having those strategic types on which it would really be just that the same on trading on where experience and knowledge would really be giving you the edge but of course luck would be always play on its role but not really totally that a solid indication for you to make profits unlike when you do deal yourself with those luck based games then it would really be entirely be different in speaking about results or outcomes.

Also, there's a fine line about their differences on which you cant really be able to mix up that entertainment thing and a business/career thing which we know that it would be labeled in between trading and gambling.
There's a significant reason on why a certain individual would really be making out some decisions in regarding on this one.

[Cheema02]

It should be known to you that gambling and trading are different things in one word, even you can earn daily from trading if you can gain experience with good understanding of trading. It is possible to make good profit from trading and your money is guaranteed that no third party can withdraw your funds but profits may be more or less and losses may also occur but you will not lose your entire money. On the other hand play gambling where after placing a bet then if you lose then you lose the entire amount.

While both bitcoin trading and gambling are speculative endeavors, their approaches and outcomes different greatly. To make publicized trading decisions, extensive analysis and risk management are required. Trading professionals make decisions based on technical and basic analysis to make money. Gambling frequently relies completely on luck, producing unpredictable results over which the players have little influence. Chance still plays a big role in sports betting, despite the use of some research.

I think there are many benefits to Bitcoin trading over traditional casino games. Trading enables people to make use of their expertise, adjust to market events and minimize risks via careful planning. But gaming has higher inherent hazards and frequently leads to unanticipated losses.

[GeorgeJohn]

Do you know that many people especially newbies contradict this particular thing, hold bitcoin is totally different from trading bitcoin, you can hold a bitcoin or any other currency depending the time you like selling your bitcoin, their is something that is very important and something that we may think that is trading some newbies are not aware, despite that this thread has been long this discussion has taken place, at least we can also correct some certain impressions concerning bitcoin trading and gambling as well.

Let me say that gambling is totally different from gambling because when looking at gambling it doesn't have a strategies or a particular method in which another person can acquire in order to ensure they have achieved a success or wining in their method and the method is not something another person can acquire like skill in gambling, but for the aspect of trading its a skill that have to do with precautions and without the basic precautions of trading you many lose continously, so therefore I will summary that trading and holding of bitcoin for long period is totally different, because in trading you can trade with your bitcoin today and you get profit and you can also trade tomorrow and all your coins swiped away.

While in the aspect of gambling and trading, as you said both of them are two different things that function in different categories as I stipulated before concerning the difference between trading and gambling, but the only aspect in gambling and trading that have a small similarities is the process of risk which get involve in both words

[coinerer]

Sports betting has more similarities with futures trading because when you are betting on a sports event, you need knowledge and experience about the sport and the teams involved in that match so that you can choose the side that has the highest chances of winning and you can win more if you are knowledgeable.

Many say that futures trading is similar to gambling, but why didn't I think that it is also more similar to sports betting? Now that I think about it, it also makes sense. and this probably spot trading will not be included.

but still, those who are experienced in trading or gambling will definitely see some differences. especially for those who play luck-based games like slots. it's fun but it really drains our money very quickly.

Yes future trading definitely behaves like gambling. Because here a trader predicts a target and takes an entry with leverage. If his predictions don't work, he runs out of money in no time. Again in gambling a gambler stakes money by making a prediction but if his prediction does not work he loses all the money. But spot training is never a gamble and cannot be compared to gambling. It is a kind of investment. So if you are going to think about spot training then gambling and bitcoin training are completely different.

[asyakashi]

What is clearly different between Bitcoin trading and gambling is that they have goods to trade, whereas gambling does not. although bitcoin is just a bunch of code but obviously it can be seen in our wallet as a digital asset. but I'm sure that's not the case. What the two have in common is that they both rely on luck to win. even though it's only a few people, not everyone trades bitcoin like that.

[jeha2015]

In my opinion, the difference between trading and gambling is money control.

If you gamble, you deposit money to bet and when you have placed a betting position, you lose control of your money entirely, where when you lose, all the capital you deposited will be lost, but on the other hand, if you win, your money can double.

This is different when you trade. You deposit money to buy, where you yourself can determine whether you make a loss or profit. because you know when it's for sale, when to buy.

Because in trading you have full control over your money, you decide when you want to sell or buy. because even if your trading loses, you will not lose all the money you deposited in the trading because losses and profits are calculated based on the difference in buying and selling prices which is a percentage of our money.

Can be understood?
Gambling = No control after betting.
Trading = Full control after buying.

[Fatunad]

Sports betting has more similarities with futures trading because when you are betting on a sports event, you need knowledge and experience about the sport and the teams involved in that match so that you can choose the side that has the highest chances of winning and you can win more if you are knowledgeable.

Many say that futures trading is similar to gambling, but why didn't I think that it is also more similar to sports betting? Now that I think about it, it also makes sense. and this probably spot trading will not be included.

but still, those who are experienced in trading or gambling will definitely see some differences. especially for those who play luck-based games like slots. it's fun but it really drains our money very quickly.

Yes future trading definitely behaves like gambling. Because here a trader predicts a target and takes an entry with leverage. If his predictions don't work, he runs out of money in no time. Again in gambling a gambler stakes money by making a prediction but if his prediction does not work he loses all the money. But spot training is never a gamble and cannot be compared to gambling. It is a kind of investment. So if you are going to think about spot training then gambling and bitcoin training are completely different.

Gambling on the sense that you are really that increasing up your leverage just for you to make more income or profits whenever the price moves out on minimal but at the same time it would really be having those huge losses too and this is where these leverage traders or someone who do really get involved with futures are really that trying out to achieve or attain out such situation without even trying out to realize that dealing with
crypto market with having those high leverage type of trades could really be considered to be gambling i should say basing on the imposed risks of it. The only advantage you could really be having is that you do know
on how to read up charts and apply analysis to it and this is something that you cant really be able to do in gambling. It is really just that the impression that we do speak about futures trading or even with spots
that which if the time that you arent really that putting some analysis then this is the time it would really be considered out to be gambling but if you do apply something then its really that an another story.

[TheSpiral]

It should be known to you that gambling and trading are different things in one word, even you can earn daily from trading if you can gain experience with good understanding of trading. It is possible to make good profit from trading and your money is guaranteed that no third party can withdraw your funds but profits may be more or less and losses may also occur but you will not lose your entire money. On the other hand play gambling where after placing a bet then if you lose then you lose the entire amount, and if you win then you can earn double money.

Trading and gambling are not similar because traders use their knowledge and make use of their skills to make decision while gambler just bet and then leave the results on destiny. In cryptocurrency trading people are often predicting the price of future because they have saw such a dumping and pumping price in past years.

Traders also visualize the things before trading and first make research that which coin will be make their trade better as they never decide blindly without research. But the main thing here is the experience, knowledge and research so if you remove these things from trading then trading will be another form of gambling therefore people often become confused with trading and gambling.

[blockman]

although bitcoin is just a bunch of code but obviously it can be seen in our wallet as a digital asset.

Although there's truth that it was a bunch of code let's remove the 'just' because it seems that this bunch of codes isn't important at all. Not an issue but just an opinion mate.

What the two have in common is that they both rely on luck to win. even though it's only a few people, not everyone trades bitcoin like that.

Not in trading, although if you're going to do it with meme coins. There's really a need for you to have luck with that. But in general, no it's not that you need luck in trading bitcoin but you need to have at least the basic knowledge of why you're going to trade it and why you're holding it.

[panganib999]

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?

The thing that sets trading and gambling apart from each other is consistency. You got one who's able to provide you with consistent stream of profits as long as you know how to read and predict, or at the very least learned the fundamentals of, and then you got gambling which is a massive what if. You can't get consistent profits from gambling, consistent losses sure. At its core gambling and trading are not that so different. You hope for the best, and you turn a profit when the chances turn to your favor, it's consistency, years or prerequisite experience and learning, as well as other more important stuff that you need to know before you trade that makes it more acceptable to the average joe than let's say, gambling or betting on your favorite horse.

[kingvirtus09]

What is clearly different between Bitcoin trading and gambling is that they have goods to trade, whereas gambling does not. although bitcoin is just a bunch of code but obviously it can be seen in our wallet as a digital asset. but I'm sure that's not the case. What the two have in common is that they both rely on luck to win. even though it's only a few people, not everyone trades bitcoin like that.

Aside from what you mentioned, Bitcoin trading necessitates technical and fundamental study. If the goal is to generate money from gambling, you don't need to undertake technical analysis; instead, you simply rely on luck.

Actually, they are completely different, and this is what I don't understand about those who suggest that when you trade, you are also gambling with your capital by purchasing cryptocurrency. That is their assumption, which, in my opinion and perspective, is incorrect because I understand trading in some way.

[Bushdark]

It should be known to you that gambling and trading are different things in one word, even you can earn daily from trading if you can gain experience with good understanding of trading. It is possible to make good profit from trading and your money is guaranteed that no third party can withdraw your funds but profits may be more or less and losses may also occur but you will not lose your entire money. On the other hand play gambling where after placing a bet then if you lose then you lose the entire amount, and if you win then you can earn double money.

No matter how we relate the two, there difference is very clear and we don't have to keep agitatibg about which one is better of if they are the same or not. For anyone to trade in the market, we need to learn the art of trading before we can convinently trade in the market and make profits.

The motive of every traders in the market is to make profits from the market and when the aim is not achieved then we are not yet a trader. We might call ourselves q newbies that is still learning how to eat food. In gambling, we don't have to make it a must for us to learn the art of gambling. We can always make winnings without even having concrete knowledge about what we are betting on which makes it completely different.

[Twentyonepaylots]

What is clearly different between Bitcoin trading and gambling is that they have goods to trade, whereas gambling does not. although bitcoin is just a bunch of code but obviously it can be seen in our wallet as a digital asset. but I'm sure that's not the case. What the two have in common is that they both rely on luck to win. even though it's only a few people, not everyone trades bitcoin like that.

Aside from what you mentioned, Bitcoin trading necessitates technical and fundamental study. If the goal is to generate money from gambling, you don't need to undertake technical analysis; instead, you simply rely on luck.

I don't think you gamble, or maybe gamble a few times. I agree, that one's luck is involved in gambling but if you gamble smart enough then you are following some patterns and probability of winning which I can compare to what technical and fundamental analysis.

Actually, they are completely different, and this is what I don't understand about those who suggest that when you trade, you are also gambling with your capital by purchasing cryptocurrency. That is their assumption, which, in my opinion and perspective, is incorrect because I understand trading in some way.

They are not the same, but is not completely different from each other. These two, trading and gambling is associated with money and making profit. What I believe the truth is, is that trading is a form of gambling,

Exchanges = Casino/house
Traders = players
Profit/Loss = Win/Lose

In trading, one has to lose and the other to win, just like in gambling.