Trading or gambling?

[Julien_Olynpic]

Trading or gambling?

This is a very relevant topic that I have long wanted to discuss with users. Let's compare trading and gambling in all respects. I believe that it is more difficult to win at gambling than at trading or investing. Perhaps you think differently? Then explain why. By gambling I mean primarily those games in which not only luck is important. That is, we will not consider roulette, dice and slot machines. From gambling we will only take sports betting and some card games such as poker and blackjack.
 Why do I think you have a better chance of getting rich in trading than in sports betting or card games for money? There are many reasons for this.
1. In trading there is a stop loss, there is averaging, there is a hold, that is, the ability to hold a position for a long time until it becomes profitable. There is none of this in gambling.
2. In trading, if you want, you can do without professional intermediaries. There are peer-to-peer transactions. You can do without exchanges. In gambling, it is almost impossible to do without casinos and bookmakers.
3. Trading includes derivatives and leverage trading. Of course, these are tools that require a lot of knowledge, but nevertheless it is possible. Derivatives allow you to hedge a position. In gambling there is no concept of position, there is only a bet.
4. In gambling, you must have the highest quality of prediction. In trading this is not necessary, because there are strategies such as rebalancing. If your bitcoins double in price, sell half. If you fall by 2 times, buy some of the stablecoins.
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What advantages do you think sports betting and card games have over trading and investing?

[Oshosondy]

Trading is as risky as gambling.

I gamble to have fun than trading. Trading drains energy from me like very significantly. If I am gambling, I do not feel exhausted but trading makes me to be exhausted. I do not know what causes this because I look at the screen while doing any of the two.

Trading mislead so many people and they are losing just like in gambling. Only good traders are making money in trading but they are not many.

Trading can be less risky and generate income than gambling, but if done appropriately with less risks. It is not even about using stop loss. I hate stop loss because my strategy does not needs it at all.

Gambling is entertaining. Trading is not entertaining.

[Uhwuchukwu53]

Despite being a matter of choice gambling is more better and easy than trading for me because trading takes allot of energy it's not easy to focus on any garjet one is using close to 24 hours in monitoring the market to avoid losses.
The area of risk the both are full of risk but in that of fun gambling give more and allow one to get some rest but more than trading. I prefer gambling because of the fun beside I can't focus my eye to monitor trade for long time because trading need all attention and I am a kind of person that like to do others thing which make it nit fun and favourable for me to engage.

[zuzie]

Both activities have almost the same meaning, namely risky, if someone wants to trade, then what must be considered first is what type of trading activity is in accordance with his talents and abilities and whether the trade he has chosen in the future will be in accordance with the desired target or can develop and of course he must be able to accept the risks in trading, namely profit and loss, special skills are needed to develop his business to be more advanced and get big profits. While gambling, someone who wants to enter the world of gambling clearly knows that the risk of losing money will definitely happen and is he ready to accept it? Yes, and gambling if played properly will not be a problem and the person will get happiness there by playing and having fun.

[Hirose UK]

~snip~

What advantages do you think sports betting and card games have over trading and investing?

It just that from my own point of view, everything has different way of working, although it cannot be denied that there will be almost the same risk of losing money.
Gambling is clearly a very dangerous activity for those who do not easily accept defeat, and this depends on luck even though there are some games that can rely on skill to play and win.
If really have goal of making money within certain period of time then trading and investment can be the main choice compared to gambling which has lot of uncertainty.
Now everyone can gamble and everyone can trade or invest, it just that trading and investing cannot be easily understood by many people and is clearly different from gambling where everyone only needs to deposit money and risk it.
Advantage of trading or investing is that we determine all our own opportunities, it will depend on how we analyze and choose and even place buy and sell positions, even profits and losses can be adjusted according to conditions.

[_act_]

Gambling is clearly a very dangerous activity for those who do not easily accept defeat, and this depends on luck even though there are some games that can rely on skill to play and win.
If really have goal of making money within certain period of time then trading and investment can be the main choice compared to gambling which has lot of uncertainty.

Some people will think of making money and not gamble but prefer to trade, then trading can let such a person to know that trading is very similar to gamble after losing money continuously. Anyone that is trading like day traders, they will let you know that trading is not that different from gambling if comparing the risks, but that trading is better if someone is professional in it. What I can say about both trading and gambling is that both are very risky and they should be done with small amount of money which the trader or the gambler can afford to lose.

Trading and investment are different. If you invest in a good and less volatile asset, it is less riskier than trading.

Advantage of trading or investing is that we determine all our own opportunities, it will depend on how we analyze and choose and even place buy and sell positions, even profits and losses can be adjusted according to conditions.

Even if you are the best person that can analyze the market and you are a day trader and telling people about your analyses, within just some days, they will see how wrong analyses can be. Analyses in trading is just like gambling, traders make use of strategies in order to make profitable trades.

[Slow death]

I agree with everything the OP said, I've done trading, I do sports betting and for a long time when I did trading and sports betting I could see that trading is different from sports betting, I have no doubts about that. In trading I managed to place $500 and I kept losing every time I placed stop loss and it took a long time for me to lose everything and in trading it is difficult when the person is losing to think about putting in more money to recover the lost money. while with 500$ in sports betting I would lose everything quickly luckily I have no idea of ​​chasing losses and I don't play with 500$ anymore like 4 years ago when I started with sports betting, today I play with less than 10$, but I was able to realize that trading and sports betting, the person will lose money, it's better to look at sports betting as fun and trade to look at as something that needs to be studied a lot and not make a living from trading. If a person really wants to make money, then they should invest, only investment makes a profit in this cryptocurrency market

[ndutndut]

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What advantages do you think sports betting and card games have over trading and investing?

Basically, these two activities, both gambling and trading, are activities that both have high risks and can even make you bankrupt if you don't have enough knowledge but carry out these activities.

Of course, both have their own advantages depending on your own knowledge and skills in utilizing these two activities to gain profits. However, what is certain is that investment is something that requires long-term planning because it requires quite a long system design, and of course patience. Meanwhile, gambling is an activity that requires quick and correct decision making. Because in gambling, when we bet there are only two possibilities of losing and winning, this is different from investing which will produce assets that will one day get high profits.

So in my opinion, although both of these activities have risks, they also have their respective advantages. Gambling can produce jackpots in a short time, while investing requires patience and requires time to prepare yourself to achieve financial freedom in the future.

[Apocollapse]

It depends on the goal.

Are you looking to make money? choose trading.
Are you looking for entertain? choose gambling.
Are you looking to build relationship or network? choose gambling.

So, if you're looking to make money, but you choose gambling, you're picking the wrong thing.

Gambling can produce jackpots in a short time, while investing requires patience and requires time to prepare yourself to achieve financial freedom in the future.

When was this thread discuss about investing?

[Davidvictorson]

Trading or gambling?
What advantages do you think sports betting and card games have over trading and investing?

The most notable advantage that gambling has over trading and investment, is it's entertainment and relaxation component. If you do gambling right, you would have fun regardless of the financial risks that is involved. I don't think traders or investors have as much fun as those who play at casinos. They're always on the anxious side, frequently checking the price, reading the news and looking out for FUD and fighting FOMO.  If they are a competing business, then I would say that Gambling Inc.'s competitive advantage over Trading and investment Inc. is the fun and entertainment value that it offers.

[mirakal]

I agree with everything the OP said, I've done trading, I do sports betting and for a long time when I did trading and sports betting I could see that trading is different from sports betting, I have no doubts about that. In trading I managed to place $500 and I kept losing every time I placed stop loss and it took a long time for me to lose everything and in trading it is difficult when the person is losing to think about putting in more money to recover the lost money. while with 500$ in sports betting I would lose everything quickly luckily I have no idea of ​​chasing losses and I don't play with 500$ anymore like 4 years ago when I started with sports betting, today I play with less than 10$, but I was able to realize that trading and sports betting, the person will lose money, it's better to look at sports betting as fun and trade to look at as something that needs to be studied a lot and not make a living from trading. If a person really wants to make money, then they should invest, only investment makes a profit in this cryptocurrency market

Because in gambling, we can bet as much as we can in a day which makes it easy to spend $500 in one day but has fewer chances of winning. While in trading, we can still play the market situation and there is a chance to recover which is it takes a few days more to still see our money ( or it grow). Yeah, I believe that whether it is sports betting or card games, as long as we know how to manage our gambling habits it will never be wrong. The same thing has been done with trading as it should have been in our control.

In terms of generating profit, trading is my choice but life is too boring if we keep on trading all and every day. I think we deserve time to relax and enjoy life for other stuff like gambling. Losing seems not good but as I gamble, I am already aware of and prepared for it that is why I have no complaint about it because I enjoy it.

[Wexnident]

~

You'd have better chance of making money in trading in gambling because it was made that way. Gambling was made to entertain you WHILE the casino/bookie is getting money from you. It's really that simple imo. Heck, what OP told about the tools already speaks volume about how trading was made to assist you in making money. Tools in casino? Doesn't exist! Even the info databanks of sports you can use to judge what team would win wouldn't matter since it doesn't help you prevent a loss. It's either 100 or 0.

And the only real advantage gambling can provide over trading is that it's enjoyable. It's fun! At least personally for me that is.

[Frankolala]

Trading or gambling?
What advantages do you think sports betting and card games have over trading and investing?

There is no need to include investing here because it is completely different from the other two.

Gambling and trading are similar with just a little difference. The only difference between both is that, you can be a professional trader and you cannot be a professional gambler because gambling depends mainly on luck, no matter how skillful you are. Being a professional trader means that you will make more profit than losses and you will be successful.

Gambling and trading messes with our emotions and that is why it is good that you use only the amount of money that you can afford to lose because both of them are very risky.

[$crypto$]

Trading and gambling are almost exactly the same but trading is more skill than gambling.

In trading you can use the skills you have of course this is not a little you have to have a short or long position with a certain leverage behind it all must know the news because this also affects the movement of the coin being traded.

About gambling, IMO it is about prediction not fully relying on skills except sports betting and some other games. Sometimes I prefer sports betting because with knowledge of football at least we know the analysis needed.

[Lida93]

Trading or gambling?

This is a very relevant topic that I have long wanted to discuss with users. Let's compare trading and gambling in all respects. I believe that it is more difficult to win at gambling than at trading or investing. Perhaps you think differently? Then explain why. By gambling I mean primarily those games in which not only luck is important. That is, we will not consider roulette, dice and slot machines. From gambling we will only take sports betting and some card games such as poker and blackjack.
 Why do I think you have a better chance of getting rich in trading than in sports betting or card games for money? There are many reasons for this.
1. In trading there is a stop loss, there is averaging, there is a hold, that is, the ability to hold a position for a long time until it becomes profitable. There is none of this in gambling.

Trading is in all aspects very different from gambling, and we all know that no person trades for fun and entertainment as it is with gambling. Now, in that aspect of stop loss in trading what I think appear to be similar to it in gambling is what we call cash out. A gambler can decide to cash out his game in the process to take available profit shown or a part of his stake amount made available for cash if he feels his bet is not going favourable.

2. In trading, if you want, you can do without professional intermediaries. There are peer-to-peer transactions. You can do without exchanges. In gambling, it is almost impossible to do without casinos and bookmakers.

  Not really true though, we have what we call street gambling where two persons or more could just agree and come together to gamble mostly on cards games. Only what I don't like about this type of gambling is that there's no moderator to meditate against possible disagreement which mainly leads to quarells and fights.

3. Trading includes derivatives and leverage trading. Of course, these are tools that require a lot of knowledge, but nevertheless it is possible. Derivatives allow you to hedge a position. In gambling there is no concept of position, there is only a bet.

The cash out concept I raised above could still come in for position here as it is with trading. A gambler can before betting on any games especially in sports decides to cash out in his parlay bet.

4. In gambling, you must have the highest quality of prediction. In trading this is not necessary, because there are strategies such as rebalancing. If your bitcoins double in price, sell half. If you fall by 2 times, buy some of the stablecoins.
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What advantages do you think sports betting and card games have over trading and investing?

In all, the best similarity shared between gambling and trading that sits well is just risk.

[xLays]

Trading and gambling are almost exactly the same but trading is more skill than gambling.

In trading you can use the skills you have of course this is not a little you have to have a short or long position with a certain leverage behind it all must know the news because this also affects the movement of the coin being traded.

About gambling, IMO it is about prediction not fully relying on skills except sports betting and some other games. Sometimes I prefer sports betting because with knowledge of football at least we know the analysis needed.

I don't think trading and gambling are the same. But yes theres some cases they're the same like both involve risk. For me trading is based on careful analysis and smart decisions, like study markets and coins trends to guide traders choices, while gambling mostly relies on luck and chance. Even with sports betting the outcomes are often unpredictable like everytime I experience and not as influenced by skill as trading.

[Assface16678]

Trading and gambling are almost exactly the same but trading is more skill than gambling.

In trading you can use the skills you have of course this is not a little you have to have a short or long position with a certain leverage behind it all must know the news because this also affects the movement of the coin being traded.

About gambling, IMO it is about prediction not fully relying on skills except sports betting and some other games. Sometimes I prefer sports betting because with knowledge of football at least we know the analysis needed.

I don't think trading and gambling are the same. But yes theres some cases they're the same like both involve risk. For me trading is based on careful analysis and smart decisions, like study markets and coins trends to guide traders choices, while gambling mostly relies on luck and chance. Even with sports betting the outcomes are often unpredictable like everytime I experience and not as influenced by skill as trading.

Yes, both may have similarities in some aspects, but they are entirely different because trading is risky and dangerous if not handled correctly or thought carefully, while gambling involves entertainment and has the chance of winning a big jackpot and earning money from it. But gambling is too dangerous if the person is not good at controlling itself, if they are just going to play hoping to earn money, or if they are thinking that gambling is the solution to their problem when it comes to financial problems, but it is not. If you want to earn money and are choosing between trading and gambling, then of course trading is the best way or the best choice because if you choose gambling, you might want to consider that you will lose a lot of money unless you are that lucky person, but do you want to risk your money just to know or test that?

[Kelward]

Crypto trading and gambling both have one thing in common and that is risk, not knowing whether you will make profit/win or lose. The difference between them is that gambling is relaxation and entertainment while trading is seriousness and professionalism, you don't need to be a professional to gamble. It takes a short time to understand how to gamble, but trading requires a person to learn fundamental and technical analysis to be able to understand how to make trading decisions. So I think that gambling is easier but it involves more risks while you can control loses in trading, and it makes it less riskier.

[coin-investor]

Trading or gambling?

Both involve risk, but outsiders tend to think that trading is easier than gambling because we can read about people making money from trading as if it's a good job, but it's very rare for us to read about people making a living from gambling.

It takes years to have a trading mind that will yield good results in trading, but in gambling, you'll still be exposed to losing even if you've been gambling for decades there's a lot of excitement about gambling even if you lose the game the feeling that you've given a good analysis although luck plays a factor.

There are times that I lose bets on boxing, but I have proven that I can give a comprehensive analysis of a team or fighter, and there's joy in doing that.

[un_rank]

1. In trading there is a stop loss, there is averaging, there is a hold, that is, the ability to hold a position for a long time until it becomes profitable. There is none of this in gambling.

Both trading and gambling are inherently different so features which are present in one will not be expected to exist in another. There are many gambling features which help to minimize losses and you can keep your losses under if you gamble responsibly.

2. In trading, if you want, you can do without professional intermediaries. There are peer-to-peer transactions. You can do without exchanges. In gambling, it is almost impossible to do without casinos and bookmakers.

Trading requires intermediaries for a player to access various trading options. It is way easier to gamble.

3. Trading includes derivatives and leverage trading. Of course, these are tools that require a lot of knowledge, but nevertheless it is possible. Derivatives allow you to hedge a position. In gambling there is no concept of position, there is only a bet.

Again you are comparing technicalities of two very different sectors, you will never get the same features in one and the other.

4. In gambling, you must have the highest quality of prediction. In trading this is not necessary, because there are strategies such as rebalancing. If your bitcoins double in price, sell half. If you fall by 2 times, buy some of the stablecoins.

There are cashback options and very different betting options.

If you are waiting for bitcoin to double in price, that is investing, not trading.

- Jay -