Can a gambler be a good bitcoin trader?

[tsaroz]

Analytical Trading is actually similar to gambling. The only difference in when timed right, you have a 50%+ chance of being a success.
Gambling is always limited to probability below 50%, even the odds on sports betting depends on how much people have gambled on each option plus house edge.
It would be difficult to generalize a gamblers mindset but something we could assume is they are good with numbers and are willing to take risk. Those are good signs in analytic trading and if they be able to hold their nerves, they can have more success from trading as compared to gambling.

[piebeyb]

I think yes because of the fact that the gambler is a risk taker himself. Some gamblers use tricks and analysis on what they are playing that is the same skills needed to become a trader. Though gambling fully rely on luck, trading will rely on luck as well but just a bit of it since 90% will be on technical analysis.

Being a gambler and a trader both have risks, which is why becoming a bitcoin trader is no problem as long as you can stop the habit of gambling, after all, a gambler can definitely be a good and profitable trader compared to gambling, although it is also necessary to learn techniques and price analysis, because Trading requires skills in reading market charts so you can target profits and minimize losses.

There is no difference whether you want to be a gambler or a trader, both have the same risk, namely losing money, personally I also run both simultaneously although sometimes it is difficult to divide my time because I always play consistently so I can get good profits every weekend whether it be from gambling or trading.

[boty]

Being a gambler and a trader both have risks, which is why becoming a bitcoin trader is no problem as long as you can stop the habit of gambling, after all, a gambler can definitely be a good and profitable trader compared to gambling, although it is also necessary to learn techniques and price analysis, because Trading requires skills in reading market charts so you can target profits and minimize losses.

There is no difference whether you want to be a gambler or a trader, both have the same risk, namely losing money, personally I also run both simultaneously although sometimes it is difficult to divide my time because I always play consistently so I can get good profits every weekend whether it be from gambling or trading.

You are right, in trading we have to understand techniques and also price analysis to be able to trade because without us understanding trading well and we do it based on guesswork, of course we do it the same as gambling, we need luck to be able to get a profit from our trading. do it, without luck we will continue to experience losses from the trading we do.

[Litzki1990]

If a gambler does not become overly addicted to gambling then he can do all types of work normally, not just bitcoin traders. That is why I said about gambling addiction because if the person is addicted to gambling then the person will not be able to give proper attention to any other activity except gambling. When a person addicted to gambling wants to do something else, his attention will be on gambling, which will lead to wrong decisions in other tasks. If a gambler gives more importance to Bitcoin trading than gambling then he can definitely become a good Bitcoin trader. He will spend most of his time working and trading bitcoins and gambling in his spare time. If a gambler can gamble like this then he can become a good bitcoin trader.

[leonair]

Being a gambler and a trader both have risks, which is why becoming a bitcoin trader is no problem as long as you can stop the habit of gambling, after all, a gambler can definitely be a good and profitable trader compared to gambling, although it is also necessary to learn techniques and price analysis, because Trading requires skills in reading market charts so you can target profits and minimize losses.

There is no difference whether you want to be a gambler or a trader, both have the same risk, namely losing money, personally I also run both simultaneously although sometimes it is difficult to divide my time because I always play consistently so I can get good profits every weekend whether it be from gambling or trading.

You are right, in trading we have to understand techniques and also price analysis to be able to trade because without us understanding trading well and we do it based on guesswork, of course we do it the same as gambling, we need luck to be able to get a profit from our trading. do it, without luck we will continue to experience losses from the trading we do.

Gambling require luck but trading require skill and a Ability to understand analysis. The better one is able to analyze, the better one can do through trading. But gambling and trading are two completely different things, so a person who understands gambling can never be a good bitcoin trader. But if a bitcoin trader wants to gamble for fun it is not a problem. And if his luck is good, he can win big from gambling. But how can a gambler get good results by trading Bitcoin?

[2Pizza410000BTC]

I base my question about whether a gambler can become a good bitcoin trader, because both of them share one factor which is risk. A gambler is a risk taker, he stakes his money without knowing the outcome of the game that he is about to play. There is no guarantee that he will win, yet he goes ahead to play, knowing fully well that he can lose his bet. Same thing with a bitcoin trader, he goes ahead to engage in trading knowing fully well that the market can turn around  negatively for him, making him to lose his bitcoin. Yet he goes ahead to trade in the hope of making profit.

Although there are some differences between the two, like most gambling depends mainly on luck. You play and let luck decide fate of the game, that is the risk factor, because the gambler doesn't have any control or influence to determine the outcome of the bet. Also a bitcoin trader doesn't have any control or influence to determine how the market swings, he takes the risk to trade his bitcoin without knowing the outcome whether it'll be profit or lose. The diffidence between the two is that a bitcoin trader can predict the market, while a gambler can not predict the outcome of a bet, except in sports bet.

So if a gambler where to go into bitcoin trading, do you think that the experience of taking risk in gambling will be an added advantage to face the risk of bitcoin trading?

A gambler can definitely be a good bitcoin trader. But a bitcoin trader may not be a good gambler. Just as we leave gambling to luck, a Bitcoin trader leaves futures trading entirely to luck. Futures trading is worse than gambling. Gambling is predictable, but in futures trading, a single wrong idea can cause you to lose your funds in no time. So I can say future trading platform and gambling platform are incomparable to each other.

[boyptc]

As a gambler, I did traded many times before but then stopped because I did have a lot of bad trades. But that does mean that I am a bad gambler? Yes and no.

I have good trades as well.

So it can happen that a gambler can also be a good bitcoin trader or even an altcoin trader. Anyone can do that regardless of his profession or his hobbies and activities.

In short, yes, I think it can. It is very similar due to the fact that you need to make decisions based on probabilities. But everywhere we need to learn new information and improve our level, only this can lead us to success in gambling and bitcoin trading. If before this in gambling the player simply pressed one button and spun spins, then in bitcoins he will most likely press buy/sell chaotically. And if he also puts up a large leverage, then this is the same as betting the entire deposit on red in roulette.

There are even several living examples, one of them is a successful influencer who was previously very successful in poker before learning about cryptocurrencies. I am amazed by his level of knowledge and thanks to it he earned 10 times more than in poker.

Yeah, so it's the come and go from other professionals that are good in something and going on with trading and gambling.

When you're good in poker or any gambling games that requires you to think and analyze. That means that you can also analyze the trades that you're about to do for your reference.

That's why it is open for everybody to take their own journeys in trading if they're a gambler and they want to try something new. And from this forum, many of us are both.

[maydna]

Being a gambler and a trader both have risks, which is why becoming a bitcoin trader is no problem as long as you can stop the habit of gambling, after all, a gambler can definitely be a good and profitable trader compared to gambling, although it is also necessary to learn techniques and price analysis, because Trading requires skills in reading market charts so you can target profits and minimize losses.

There is no difference whether you want to be a gambler or a trader, both have the same risk, namely losing money, personally I also run both simultaneously although sometimes it is difficult to divide my time because I always play consistently so I can get good profits every weekend whether it be from gambling or trading.

You are right, in trading we have to understand techniques and also price analysis to be able to trade because without us understanding trading well and we do it based on guesswork, of course we do it the same as gambling, we need luck to be able to get a profit from our trading. do it, without luck we will continue to experience losses from the trading we do.

And the skills possessed by a trader and a gambler are definitely different, even though a gambler can become a trader. The gambler needs to learn different skills in order to study and analyze the market as he enters into trading. A gambler can become a good trader, especially if he can switch from gambling to trading and begins to slowly abandon gambling because he sees an opportunity to make bigger profits from trading. If the gambler becomes more comfortable in trading, he will completely abandon gambling and will not return to gambling because he enjoys trading more than gambling.

[348Judah]

Why not, if you're a gambler doesn't mean all you know how to do is gambling and you can't even trade or learn to do so, having the combination of the two is not that bad, it will only widens one's scope and knowledge of doing them both, having fun in gambling and usin the experience in trading bitcoin and using the earned interest on bitcoin bitcoin to also gambles, at the last end we becomes being fulfilled by all we do, either in gambling, trading bitcoin or combining them both altogether.

[Litzki1990]

Why not, if you're a gambler doesn't mean all you know how to do is gambling and you can't even trade or learn to do so, having the combination of the two is not that bad, it will only widens one's scope and knowledge of doing them both, having fun in gambling and usin the experience in trading bitcoin and using the earned interest on bitcoin bitcoin to also gambles, at the last end we becomes being fulfilled by all we do, either in gambling, trading bitcoin or combining them both altogether.

We may think that a gambler can never do anything other than gambling but we are totally wrong. If you look at the personal life of each gambler, it will be seen that everyone is involved in multiple professions, that is, gambling is not the only profession of every gambler, and it would be wrong to call gambling as a profession because most gamblers take this gambling as a temporary pleasure. And those who want to take gambling as their profession are definitely addicted to gambling. 

A gambler can be a good trader, a gambler can be a teacher, a gambler can be a banker, a gambler can be a military officer of any country. Gambling is possible from every profession, so we have no reason to think that people who gamble cannot do something else.

[Kelward]

Why not, if you're a gambler doesn't mean all you know how to do is gambling and you can't even trade or learn to do so, having the combination of the two is not that bad, it will only widens one's scope and knowledge of doing them both, having fun in gambling and usin the experience in trading bitcoin and using the earned interest on bitcoin bitcoin to also gambles, at the last end we becomes being fulfilled by all we do, either in gambling, trading bitcoin or combining them both altogether.

A person can conveniently do both, because they have more in common than differences. I like the way you integrated them, a gambler can apply the risk experiences in bitcoin trading, and use some percentage of his profit in trading to have fun and relax in gambling. Both share the same uncertainty in the outcome of their efforts, despite the fact that one depends mainly on luck, while the other depends on analyses, in the end an external factor determines  their win or lose.

[sompitonov]

As a gambler, I did traded many times before but then stopped because I did have a lot of bad trades. But that does mean that I am a bad gambler? Yes and no.

I have good trades as well.

So it can happen that a gambler can also be a good bitcoin trader or even an altcoin trader. Anyone can do that regardless of his profession or his hobbies and activities.

In short, yes, I think it can. It is very similar due to the fact that you need to make decisions based on probabilities. But everywhere we need to learn new information and improve our level, only this can lead us to success in gambling and bitcoin trading. If before this in gambling the player simply pressed one button and spun spins, then in bitcoins he will most likely press buy/sell chaotically. And if he also puts up a large leverage, then this is the same as betting the entire deposit on red in roulette.

There are even several living examples, one of them is a successful influencer who was previously very successful in poker before learning about cryptocurrencies. I am amazed by his level of knowledge and thanks to it he earned 10 times more than in poker.

Yeah, so it's the come and go from other professionals that are good in something and going on with trading and gambling.

When you're good in poker or any gambling games that requires you to think and analyze. That means that you can also analyze the trades that you're about to do for your reference.

That's why it is open for everybody to take their own journeys in trading if they're a gambler and they want to try something new. And from this forum, many of us are both.

Also, professional poker players who came to trading have patience and perseverance, because they spend 10 hours a day or more behind the monitor, playing online. Moreover, they played several tables, constantly straining their brains. After this, trading will seem easier. This influencer I follow says the same thing. He said that he will not return to poker, but sometimes he can go to 3-5 tournaments a year in the USA in order to entertain his subscribers.

Croupiers who worked for many years and calculated probabilities and saw professionals could come.

[marcous]

So if a gambler where to go into bitcoin trading, do you think that the experience of taking risk in gambling will be an added advantage to face the risk of bitcoin trading?

In terms of experience, a gambler will take any risk to gain profits even if they venture into bitcoin trading. Even though gambling and trading are two things that are quite different, in their minds there is only one thing, namely profit, what's worse, gamblers don't have the word patience in their dictionary. What I mean here is, their habit of making profits quickly, in terms of trading we know that it is more long term which means they have to wait for a profit.

So in terms of experience they are brave enough to take risks, but at the same time gamblers have to learn many things including managing their patience. I think if a gambler jumps into Bitcoin trading, then they will either make big profits in a short time, or lose very quickly.

[gabbie2010]

Trading and gambling are different ball game however both involves risk taking, meanwhile a gambler can only transit to a Bitcoin trader to become successful provided that such a  gambler had acquired all the necessary skills and knowledge of trading Bitcoin else such a gambler would ended up losing trades because Bitcoin trading is not gambling it is more riskier than gambling, it's is art that requires through learning process to become consistent in earning profit, the vast knowledge needed to be acquired makes it difficult for any gambler to easily cope with trading having come from a probability feature of gambling.

[Huppercase]

If a trader trades on the spot market, he clearly has an advantage over a gambler, as his actions are not limited by time frames, and since bitcoin is a deflationary asset, even if you buy it at the highest price, you can get your money back in a few years. I am engaged in trading on the crypto market and gambling, and personally for me cryptocurrencies carry less risk than gambling. Perhaps everything would be different if I had a better understanding of sports, but unfortunately I do not have it.

I think there is crossline of gambling over trading when you used time. In gambling, highest you can bet is between a month and you will know your result instantly because the faster you bets, the likelihood of getting higher odd because there wouldn't be much information around yet. However, in trading, holding can take more than a year or even years depending on when you bought it before you enjoy what you invested and if you are a good bettor, you will have made something good from gambling between that period.

Gambling has an advantage and trading has it own too and the risk are not similar in any ways because in trading, you can get back what you have invested in it if you are patient but gambling will not, if you like rejoice over unseen result, what will be is going to be and emotions or speculations wouldn't change anything about it.

[angrybirdy]

Why not, if you're a gambler doesn't mean all you know how to do is gambling and you can't even trade or learn to do so, having the combination of the two is not that bad, it will only widens one's scope and knowledge of doing them both, having fun in gambling and usin the experience in trading bitcoin and using the earned interest on bitcoin bitcoin to also gambles, at the last end we becomes being fulfilled by all we do, either in gambling, trading bitcoin or combining them both altogether.

A person can conveniently do both, because they have more in common than differences. I like the way you integrated them, a gambler can apply the risk experiences in bitcoin trading, and use some percentage of his profit in trading to have fun and relax in gambling. Both share the same uncertainty in the outcome of their efforts, despite the fact that one depends mainly on luck, while the other depends on analyses, in the end an external factor determines  their win or lose.

I agree with you about applying the risk experiences in both trading and gambling, you're right that both activity comes with risk and they have more in common, like you have to be more focus and you need to show your ability when it comes to managing your time and bankroll but also there's a lot of difference between the two. As you've mentioned that the other one which is gambling depends on luck  which is true but somehow just like on trading,  It needs financial and technical analysis too.

[Fivestar4everMVP]

Why not, if you're a gambler doesn't mean all you know how to do is gambling and you can't even trade or learn to do so, having the combination of the two is not that bad, it will only widens one's scope and knowledge of doing them both, having fun in gambling and usin the experience in trading bitcoin and using the earned interest on bitcoin bitcoin to also gambles, at the last end we becomes being fulfilled by all we do, either in gambling, trading bitcoin or combining them both altogether.

A person can conveniently do both, because they have more in common than differences. I like the way you integrated them, a gambler can apply the risk experiences in bitcoin trading, and use some percentage of his profit in trading to have fun and relax in gambling. Both share the same uncertainty in the outcome of their efforts, despite the fact that one depends mainly on luck, while the other depends on analyses, in the end an external factor determines  their win or lose.

I agree with you about applying the risk experiences in both trading and gambling, you're right that both activity comes with risk and they have more in common, like you have to be more focus and you need to show your ability when it comes to managing your time and bankroll but also there's a lot of difference between the two. As you've mentioned that the other one which is gambling depends on luck  which is true but somehow just like on trading,  It needs financial and technical analysis too.

There is no financial or technical analysis when it comes to gambling, except I don't understand you correctly, or maybe what you mean is in terms of sports analysis and so on.
And going back to the risk in both, I agree with you though, gambling is risky, and same also is trading, but this two are not related, and I also personally do not think that one's experience in gambling can help him or her in trading, and neither will ones experience in trading help him or her in gambling, like I already said, this two are not related.

Majorly everything we do in this life involves some level of risk, so we can not because risk alone, liken trading to gambling, this two gage nothing in common aside like what I have said before, which is that, we consider blind trading as gambling, but I reality, trading is trading and gambling is gambling, anybody can wake up one morning and decide to gamble, but no bodies wakes up one morning and decides to trade, he or she will just end up throwing away his or her money.

[Gozie51]

A person can conveniently do both, because they have more in common than differences. I like the way you integrated them, a gambler can apply the risk experiences in bitcoin trading, and use some percentage of his profit in trading to have fun and relax in gambling. Both share the same uncertainty in the outcome of their efforts, despite the fact that one depends mainly on luck, while the other depends on analyses, in the end an external factor determines  their win or lose.

To be factual what they have in common is the profit or loss that come out of it at the end of the day. No doubt that you can be a bitcoin trader and also a gambler but you are going to see them differently because they also operate differently, their tools are not also the same.

To determine mean the outcome of losses or profit, the trader can do that with the system adjustable to his plan but a gambler goes in and can only come out when the game has been settled for his profit or his lose.

[Kelvinid]

A person can conveniently do both, because they have more in common than differences. I like the way you integrated them, a gambler can apply the risk experiences in bitcoin trading, and use some percentage of his profit in trading to have fun and relax in gambling. Both share the same uncertainty in the outcome of their efforts, despite the fact that one depends mainly on luck, while the other depends on analyses, in the end an external factor determines  their win or lose.

To be factual what they have in common is the profit or loss that come out of it at the end of the day. No doubt that you can be a bitcoin trader and also a gambler but you are going to see them differently because they also operate differently, their tools are not also the same.

To determine mean the outcome of losses or profit, the trader can do that with the system adjustable to his plan but a gambler goes in and can only come out when the game has been settled for his profit or his lose.

People have their choice either and taking both as a gambler and at the same time a trader will it seems be working well if we can manage our time correctly. I say it should "manage our time" because trading needs more time and focus. In the situation that you get mad from gambling, it is not a good time to trade as our emotions will certainly affect our trades. Maybe it works to go first with the trading and relax through gambling. That will emphasize how important is to manage our time in dealing with the two otherwise, we fail in trading and at the same time with gambling.

[Rabata]

Being a gambler and a trader both have risks, which is why becoming a bitcoin trader is no problem as long as you can stop the habit of gambling, after all, a gambler can definitely be a good and profitable trader compared to gambling, although it is also necessary to learn techniques and price analysis, because Trading requires skills in reading market charts so you can target profits and minimize losses.

There is no difference whether you want to be a gambler or a trader, both have the same risk, namely losing money, personally I also run both simultaneously although sometimes it is difficult to divide my time because I always play consistently so I can get good profits every weekend whether it be from gambling or trading.

You are right, in trading we have to understand techniques and also price analysis to be able to trade because without us understanding trading well and we do it based on guesswork, of course we do it the same as gambling, we need luck to be able to get a profit from our trading. do it, without luck we will continue to experience losses from the trading we do.

Both gambling and trading are different. One thing is common from both if the two is risk. A gambler takes risk when he bets and a trader also has to manage trading with risk. The difference here is that when a gambler wins he wins his entire bet and when he loses he loses everything but trading is a little different where any profit or loss is made over a long period of time. As a gambler's odds in betting are the same as in trading, a gambler can easily trade if he chooses. But general gamblers have less patience for trading so they focus more on betting than trading.