Flip or Trade? What’s The Bigger Gamble?

[Dunamisx]

Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.

That's the thing, the result or the outcome of a coin flip is determined by your luck while in trading, you need to have knowledge and experience about the market, know how to do research and analysis, you should have a general idea about where the price of a certain cryptocurrency will move next so that you can place your trade based on that. I agree that the trades a trader makes wouldn't always be correct and there can be bad trades as well since the market is unpredictable, but if you are knowledgeable and experienced, you can get more winning trades than losing ones.

So, I don't really see any reason why people would compare trading with gambling. There are some types of trading that may have some resemblance with gambling such as futures trading and options trading, but even they can be profitable for experienced and knowledgeable traders unlike gambling which will eventually make you lose.

Coinflip for me is one of the games that have the most chance, it is a coin, things can be put together with a simple fact, not this rule but surrendering only to good luck, coinflip for me is a game that can make us lose or win, but the more to lose considering the house advantage,

This is also similar to that of dice tossing, they are luck base games we play and despite that, the law with gambling which almost applies to everyone is that they loose more than they win, this makes it a thing of which one do we like most, always get lucky on, and also understand the procedures the more in gambling, when we gamble, we already know what's at stake that it's either we win or we don't.

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[lionheart78]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Your chances to meet dinosaur is 50% you can meet it or don`t meet.

Dinosaurs are believed to be extinct so that is a 0% chance of meeting an alive one. or 100% of not meeting one .

There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.

Knowledgeable day traders does not depend on luck, they depend on their analysis of the market.  One might not be familiar with technical analysis but is well versed in the market movement of certain stocks or cryptocurrencies.

Hodling is really the best strategy with Bitcoins but it does not secure us 100% profit since the future of Bitcoin is still uncertain.

[angrybirdy]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Coin flip has a defined winning chance rate while day trading has a dynamic winning chance rate depending on how good you are on trading. So I say trading is more on gambling if you don’t know what you are doing such us newbies buying bunch of random shitcoins without doing research first.

On trading, you have a chance to improve your winning probability while gambling is purely relying on luck since you can’t improve the outcome no matter how good you are.

I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.

[wxa7115]

I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.

Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

[noormcs5]

Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

Knowledge or experience is not required in gambling but you need to have prior experience if you are in trading. So both gambling and trading is made for different kind of people. If you do not know anything about trading, better choose gambling where you can make money and it all will depend upon luck. Trading is not about luck, it is about strategy and studying the price action behaviour.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

By the way, if you lose money in gambling, then there is no way to get the money back. Both gambling and trading are made for the common man to lose money but usually, we think the opposite as they are made to make us rich. 

[cafter]

Knowledge or experience is not required in gambling but you need to have prior experience if you are in trading. So both gambling and trading is made for different kind of people.

In both gambling and trading, you have to be good at controlling yourself/your emotions. The main goal is not to lose more and more money.
Whether you play in a casino or trade in shares/bitcoins, good results often come down to being patient, making reasonable choices and not trying to recover what you have already lost. So at one point, gambling and trading became a little similar at controlling emotions.

By the way, if you lose money in gambling, then there is no way to get the money back. Both gambling and trading are made for the common man to lose money but usually, we think the opposite as they are made to make us rich. 

Many people think that gambling and trading are designed to make them rich, but that’s where the problems begin.

[Fivestar4everMVP]

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

I think something along this line has been discussed on this board before, but unfortunately, i can't get hold of the link to the thread right now.

Well, to answer this question on honesty, i personally think that most times actually, day trading does feel like gambling, I mean, there are many times a trader will not know what he or she is doing, he or she is just a coin or token hoping that is plays out on his or her favor, this is nothing different from gambling, or not far from gambling if i am asked.

And in personal view to this, i think one even have more chance of winning more in a straight up coin flip game, compared to blind trading which is nothing different from gambling as i have initially said, a professional trader should not gamble in the market in the form of trading, and newbies who know nothing about trading should rather play gambling than trade the market blindly, for in gambling, they probably will have a better chance of winning than trading the market blindly.

[wiss19]

In trading, whether it is shitcoins or Bitcoin, they must have analytical skills. Shitcoins don't always cause us to lose money. If we can improve our analytical skills, we can find hidden gems that can provide benefits.

True!  Shitcoins trading sometimes can result in 10,000% to 100,000% profit if one knows when to buy and when to sell.  But mostly we lose money in shitcoins because project die down or got rugged pull before we can even sell our holdings.

And what would be the percentage of such players? I bet very low, rather, extremely low. You can barely find a gambler who would tell you that they had certain gambling sessions where they had recovered all the losses that they have ever had in their gambling career because it's very rare. Most gamblers don't get to experience that because casinos can't afford to pay all the losses back to every single gambler or maybe to 4 gamblers out of 10, that's a lot.

Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.

[swogerino]

I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.

Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.

[paxmao]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Your chances to meet dinosaur is 50% you can meet it or don`t meet.

Dinosaurs are believed to be extinct so that is a 0% chance of meeting an alive one. or 100% of not meeting one .

There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.

Knowledgeable day traders does not depend on luck, they depend on their analysis of the market.  One might not be familiar with technical analysis but is well versed in the market movement of certain stocks or cryptocurrencies.

Hodling is really the best strategy with Bitcoins but it does not secure us 100% profit since the future of Bitcoin is still uncertain.

Traders do not rely on luck... at least to a point. Even some of the ones you can argue as professionals sometimes are using a wrong approach, but they only find out when the loose a huge amount and they do not even get why this has happened. Example: imagine a strategy that works a million times, but will fail one in every million and when that happens you loose everything. I am sure you get it.

[Yaunfitda]

I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.

Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.

Yes, but still though you might have a good chance if you know technical analysis and you know how to take advantage of it. So there is still some element of luck but at the same time, you can reinforced it with the knowledge you have. So the chances of you making money specially in the long term is higher as compare to gambling as it is really based on luck specially the games like dice or slots.

And once you step up in a traditional land base casinos, expect that the money that you will gamble will be 99% be on the losing side. Unless you are extremely lucky that day. Same with online gambling, you don't know what will be the outcome. So for me, if you have the experience to do day or short day trading, I will take that chances against gambling.

[mak013]

Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Your chances to meet dinosaur is 50% you can meet it or don`t meet.
There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.

I think everyone need to go for what they prefer and what they can afford. Gambling can be rogue so we need to try as much as possible to go for what we really want. There are traders that do not make money like they ought to make that is why some traders still go into gambling to make more Money. The two terms is almost the same but little bit different. The different is just that trading need skill why gambling may not require skill so one has to go for what we know works for us. Those who trade need more things to learn and every traders keep learning no matter how good they are because the market chances at the slightest minutes.

If the trader begin to gamble to increase the profit it seems to be bad trader.
The casino functions and instruments are created for gambling. For trading there are exchanges. It would be better to use right instrument for right purpose.

Your chances to meet dinosaur is 50% you can meet it or don`t meet.

Dinosaurs are believed to be extinct so that is a 0% chance of meeting an alive one. or 100% of not meeting one .

It depends how to count.

There are lots of day traders, but as for - it is difficult to predict small price changes and they mostly testing their luck. I prefer long distance and big price changes - it is possible to predict and difficult to lose, if you good in trading.

Knowledgeable day traders does not depend on luck, they depend on their analysis of the market.  One might not be familiar with technical analysis but is well versed in the market movement of certain stocks or cryptocurrencies.

Hodling is really the best strategy with Bitcoins but it does not secure us 100% profit since the future of Bitcoin is still uncertain.

Anyway i think that such trading need at least some luck. May be i just can`t trade so and it is only my problem.

[Quidat]

I agree with you, we could say that day trading is more like gambling if you're unsure on what you're doing or you have no idea how it works and Some traders should know how to control their  emotions. well, everything is easy to learn if you are really interested, we have a lots of accessible tools that will help to do some research regarding this matter.

Even in that case there are fundamental differences between the two, in the case of gambling even if you knew nothing about the different games offered by the casinos your chances of winning are still as good as the chances of everyone else, so your ignorance does not have an effect on your potential outcomes.

But when it comes to trading we see the opposite, as if you are ignorant about how the market moves and what you can do in order to take advantage of those movements you will lose your money without any possibility of getting it back.

Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.

Yes, but still though you might have a good chance if you know technical analysis and you know how to take advantage of it. So there is still some element of luck but at the same time, you can reinforced it with the knowledge you have. So the chances of you making money specially in the long term is higher as compare to gambling as it is really based on luck specially the games like dice or slots.

And once you step up in a traditional land base casinos, expect that the money that you will gamble will be 99% be on the losing side. Unless you are extremely lucky that day. Same with online gambling, you don't know what will be the outcome. So for me, if you have the experience to do day or short day trading, I will take that chances against gambling.

Trading with having analysis applied is totally different on doing trades on which you do make positions without having any analysis or basis is really just that pure gambling. Yes, the element of luck does still plays a role when it comes to trading but if you dont really apply any analysis into it then it would really be that most likely to be a mess yet trading doesnt work that way and it is really needed to have that kind of approach on which strategies and analysis should really be applied which we know that it cant really be that possible on doing gambling but of course there are also some gambling games which arent really that totally highly depending on luck which strategies could really be applied.

So talking about choices then it doesnt really need for someone to choose up since we are really that free on whatever things that we would really be tending to do so.
Bigger gamble would really be just depending on how big is the risks that you could really be able to handle.Its impossible that we cant really be able to differentiate
in between entertainment and investment which we know that real difference between trading and gambling. It doesnt really need that too technical thinking about differentiation
yet even just using you own common sense should really be just that enough.

[knowngunman]

Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.

This comparison is incompatible because trading is a skilled based field while gambling is purely based on luck. By learning the right skills and strategies, it's possible for one to become an expert and successful trader but on the contrary, gambling as a game of chance is difficult to maintain a consistent win on a steady. Trading also allows traders to hedge and minimize risk but gambling has nothing like that. Once you click on bet, you either expect your money to return in folds or you consider it gone. Sometimes, traders take advantage of market data and analytics to make decisions while gambling in every aspect is luck reliance. Although both trading and gambling maybe somehow similar but difference is very obvious.

[LUCKMCFLY]

Coinflip is strictly on luck, how lucky we are in playing this game will determine if the luck works on our side or not by winining or loosing, we should understand games by their categories, some are not only determined by luck alone, but how skillful we appear in playing them, when we divert to trading, this is another thing entirely different from flipping coin or gambling, this is a way of making business or an investment and we choose the kind of position to take that best fit us.

That's the thing, the result or the outcome of a coin flip is determined by your luck while in trading, you need to have knowledge and experience about the market, know how to do research and analysis, you should have a general idea about where the price of a certain cryptocurrency will move next so that you can place your trade based on that. I agree that the trades a trader makes wouldn't always be correct and there can be bad trades as well since the market is unpredictable, but if you are knowledgeable and experienced, you can get more winning trades than losing ones.

So, I don't really see any reason why people would compare trading with gambling. There are some types of trading that may have some resemblance with gambling such as futures trading and options trading, but even they can be profitable for experienced and knowledgeable traders unlike gambling which will eventually make you lose.

Coinflip for me is one of the games that have the most chance, it is a coin, things can be put together with a simple fact, not this rule but surrendering only to good luck, coinflip for me is a game that can make us lose or win, but the more to lose considering the house advantage,

This is also similar to that of dice tossing, they are luck base games we play and despite that, the law with gambling which almost applies to everyone is that they loose more than they win, this makes it a thing of which one do we like most, always get lucky on, and also understand the procedures the more in gambling, when we gamble, we already know what's at stake that it's either we win or we don't.

You are absolutely right, in particular I have always said that a person who has a lot of money is likely to do well in mud, but I would not recommend doing the martingale strategy because it is very reckless and can cause some harm when we lose, So I couldn't see someone who has a lot of money losing it all with the martingale, a person who likes doubts has to have a very open mind when making their strategies, I say this because I started in this world with that game on freebitco.in and the truth was that it fascinated me at first, there were days when I had a good streak, but other days where my bad luck was evident, and that frustrated me, but I consider that everything has been a great learning and according to That's because it opened up other games for me, poker, black jack, all those games are very good to be able to apply them to daily life where there are many possibilities of winning.

When we are looking for ways to play and win in a casino we usually look for more ways and strategies to win money, so in this order of things we as good players, we have to consider that why we are not looking for the best way to have money, not e in a casino, but in the way that we have the most to play, for that it is better to have a good budget to be able to be willing to lose, then if we have that already ready it is possible to do other things, like enjoying, not having a game to play and have to win by swearing or else things will go badly for us and we will be left without money.

We cannot make or have the ability to make large bets, or have a lot of money available to be able to do things erratically, a large amount of money and we can miss out on many things, so we would have to do a lot of things to be completely good at what we have to play. And to lose, winning is a matter of luck, I have always said it.

[wxa7115]

Even with the knowledge you gain in trading as I have worked a couple of years in a grain exchange you cannot win constantly which make it the same as the gambling.In fact in gambling is better as because as you say you don't care much knowing anything except you just need to hit that spin button in slot machines for example and the outcome is already determined before,so the only thing needed here is LUCK,the same in trading,without LUCK no matter how successful you may think you are you will not be for long.

Not really, while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

Trading follows the same pattern, as even if no one can win all the time, good enough traders should be able to still trade for a profit if they executed their strategy over a long enough period of time.

[cafter]

while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.

[Hamphser]

while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.

And this is where your gambler like kind of behavior or mindset kicks in on which i would say that its never been that ideal specially on trading.If you do apply that kind behavior then you are really just that simply doing gambling and this is something that not really recommended on this space. If you are really just that planning on doing gambling in the first place then you shouldnt really be touching trading because this is an another space on which you cant really just joke around and do reckless things because this do really talks about money. Risks is there but not as much when you do deal with gambling.
So its up to your choice on what you would really gonna do.

Trade could really be a bigger gamble if you dont really do the right thing to do and this is why you should really be that careful on what you are dealing with specially we are talking about risking capital or money.
If you are really that heading for long term engagement then trading would really be the key but if you are really just that going for entertainment then
its up to you considering that gambling could really give you that.

[tusandii]

Now if we compare that with trading, you can find the percentage of profitable traders to be relatively higher than successful gamblers, why? The answer is simple: trading isn't completely dependent on one's luck and one can learn and do trading in a proper and effective way, whereas one can't do the same in gambling.

This comparison is incompatible because trading is a skilled based field while gambling is purely based on luck. By learning the right skills and strategies, it's possible for one to become an expert and successful trader but on the contrary, gambling as a game of chance is difficult to maintain a consistent win on a steady. Trading also allows traders to hedge and minimize risk but gambling has nothing like that. Once you click on bet, you either expect your money to return in folds or you consider it gone. Sometimes, traders take advantage of market data and analytics to make decisions while gambling in every aspect is luck reliance. Although both trading and gambling maybe somehow similar but difference is very obvious.

Yes, I agree with you or it could be said that to gamble, a beginner only needs to bet on something he wants, for example a casino game, even though it is the first bet, many beginner gamblers are lucky when betting carelessly on a game and if it is done in a beginner trader's trading may really need research skills before starting trading.
What certain is that if we talk about the differences in gambling between trades, they are very different, even though some people say there are similarities between the two, but if we understand in depth there are many differences.

[Negotiation]

while you may not earn consistent profits over the short term, over the long term the superior traders must win more often than not, this is similar to what happens when a really good team faces a bad one, can the bad team beat the good team any given day? Of course, but if they were to face each other a lot of times then the good team will beat the bad one most of the time.

because the bad team mostly think like this:
if they face losses between some wins and lose in something like 2 trades consistently, which causes them to increase leverage take high risk to quickly recover that loss in short time.
Most traders don't have enough patience to wait and recover lost amount slowly, they try to recover loses in one trade and eventually following this pattern they lose more and more in the end.

It is really difficult to recover from a trade if there is a loss in trading because there is no exact guarantee when the price of that currency will rise. Also if the person does not have patience even after increasing the leverage then there will be high risk. Trading should be viewed from the point of view of a business as a business has income and expenses trading income is profit and expenses are loss we must maximize our gains and minimize our losses.