Trading or gambling?

[Forsyth Jones]

I've done both activities, but I often do more trading than betting (so far I've only played gambling). In trading you need to gain confidence, work on your psychology to become bitter in the red, in trading you must trade certain atl at the right times, e.g. when bitcoin is on the rise, the chances of alts also following are high, if bitcoin is also falling.

However, the market changes direction from one moment to the next and one time you may be in profit, another time you are not and it is up to you to decide when it is time to stop.

When trading, it is recommended to research stop-loss, orders, moving averages, RSI, etc. You can usually find this knowledge for a fee, but it can also be found for free on YouTube (although it is more work and many do not reveal much).

I have made more profits holding Bitcoin than any other type of trading or betting.

[AnonBitCoiner]

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.

Trading and gambling are not the same but most of the people are trading without getting Knowledge and as they put bets in gambling without thinking about anything so the same they are doing in trading that they choose coins randomly without knowing about anything related to it so trading becomes similar as gambling in this way. In gambling and trading future situations are unpredictable but we have certain clues due to which if we trade with good coins then we can be profitable.

Risk can be reduced in trading through getting knowledge and utilizing it for eliminating mistakes as well as if we choose productive coin while in gambling we are totally performing without a knowledge as a result of which we regret for our whole life to choose this field in which we have lost all the amount.

[Agbe]

Op once you compare gambling and trading then remove investment because everyone will choose investment. But when you compare the former two then the selection will be complicated. Trading and gambling are like Cat and Rat or Tom and Jerry. And I think the two are the same and If I will choose it is trading and not gambling. Trading is preferable because once you bet on any sport game, you can can't cancel the bet until the end of the game to know whether you win or not. But in trading you can stop the trade at any point in time. Therefore sport betting and card games have no advantage over trading instead it is trading have it over them.

[Falconer]

In general, gambling and trading are completely different. Both have the risk of losing money, but the goals of the two are also different. Gamblers come to gambling to get fun or entertainment as well as money, while in trading everyone comes to make a profit. No trader has the goal of having fun while trading, but gamblers have both (fun and money).

The advantages of sports betting and card games over trading and investing depend largely on the goals of each participant. Sports betting is not very complicated in terms of analysis, but trading can be much more complicated.

[Wakate]

Trade: Anyone who does not have a strategy then it is the same as gambling because it will throw you into a loss, so in trading it requires a lot of things to make the right decision but for me trading is not entirely gambling because you can profit if you have mastered it.

Gambling: Everyone can do it because the game is random and easy to understand, the difficult thing is how to be profitable in gambling? Once you are professional you will not know when you will get lucky, so for me pure gambling is not entirely on strategy unlike trading.

Trading have even more risks compared to gambling although the both requires money for us to participate and there is always a strategy. Although in most of the bets we play, there is no need for any strategy and one can actually make money if we are lucky enough to win and make money for oneself. This is big difference between gambling and trading and they have similarities that makes the two unique depending on the actual person that is involved. There are more gamblers than traders because gambling so not always requires a skill compared to trading that requires full skill for one to successfully make money.

[Ojima-ojo]

Discussions about the difference between trading and Gambling have been on for sometimes now and in all if the augments what I have learn is that both are not the same and can't be compared because their are both different in method and popuse, gambling is for entertainment and anyone can bet on a sport game without even knowing the team or how good their are and be lucky to win the bet, but in trading, you can't trade without knowledge doing so will lead to loses.


Gambling is a win all or lose all which means as far as gambling is concerned your either win your bet or lose your entire money, but trading is different because in trading you either make profits now or wait to make the profits in the future and you only lose when you liquidate your assets at a lose, between it is also important that gambling is entertaining not boring like trading.

[AprilioMP]

Trading or gambling?

-

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

Trading requires determining the time we make to get a profit. The gambling that is played does not set a time period like trading.
The goal of trading is profit. Gambling has several purposes such as testing luck, having fun and money from winnings if obtained.

Gambling is a game. Trading something that is traded.
This means that there is a difference between trading and trading. Regarding risk, in trading and gambling there is definitely one.

[Antotena]

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.

In trading, you can make it and less risk than gambling. With a particular token in a bull run, you can ride a particular coin and make more money with good profits, it's always certain to make money in trading when the market is good and it can be seen but gambling is not something you can see and the outcome isn't something you can control.

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.

I don't like leverage though, I see them as another form of gambling, you are literally borrowing money to gamble and if it doesn't go well, you will lose everything. I can bet with the market with a sport trade but I wouldn't with leverage simply because of liquidation.

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

The only advantage of sport trading is that the day you have luck from one game, you will make huge amount of money if it's a plenty odd with good money but trading takes time but less riskier than gambling. Overlall, I will chose trading over gambling twice on Thursday.

[satscraper]

I would not fall into the  OR-extreme. Both activities, i.e trading and gambling, are  qualified for those activities that allow to become rich, eventually. This depends   on  those folk  who involved rather than on activity itself. BTW, traders and gamblers are  inherently the same. Both believe into the luck, crystal ball and similar stuff. Both are addicted to some extend.

[Makus]

Trading or gambling?

-

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

Trading requires determining the time we make to get a profit. The gambling that is played does not set a time period like trading.
The goal of trading is profit. Gambling has several purposes such as testing luck, having fun and money from winnings if obtained.

Gambling is a game. Trading something that is traded.
This means that there is a difference between trading and trading. Regarding risk, in trading and gambling there is definitely one.

Nice opinion you gat there mate. Gambking could be played for several reasons, to make extra money/profit, it could be played amongst yourselves for fun sake, it could be used to make a competition more serious... However trading has just one objective, which is to make money, it requires enough time and expertise to fully understand how to analyse and make predictions based on the chart at hand. If by trading we mean FX trading, stock exchange trading, crypto trading... Then you know trading is not for fun but rather a serious business that could help support your financial level. Non of the both trading or gambling are guaranteed source of making money continuously, it's advised you have a source of income to help keep the process going. However the both are important when rightly used without getting too addicted to it or making irresponsible decisions.

[AprilioMP]

✂️

Nice opinion you gat there mate. Gambking could be played for several reasons, to make extra money/profit, it could be played amongst yourselves for fun sake, it could be used to make a competition more serious... However trading has just one objective, which is to make money, it requires enough time and expertise to fully understand how to analyse and make predictions based on the chart at hand. If by trading we mean FX trading, stock exchange trading, crypto trading... Then you know trading is not for fun but rather a serious business that could help support your financial level. Non of the both trading or gambling are guaranteed source of making money continuously, it's advised you have a source of income to help keep the process going. However the both are important when rightly used without getting too addicted to it or making irresponsible decisions.

Gambling has a way of not just gambling. If you gamble, you can fall into addiction. When it becomes an addiction, gambling no longer suits its purpose but something else.

Gamble responsibly is a sentence that is often conveyed. Not only the time limit, but the percentage of money that will be used for gambling should also not be ignored.
If you want to have fun and earn money when gambling, the choice is not to gamble with less skill or more luck.
Football can be a gamble that is easy to control although it also depends on the personality of the gambler.

[irhact]

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

I think the advantage is the possibility of wins they can get you. Trading can't give that much profits in a very short time but gambling can give you that profits. If you're lucky you can play multiple sport betting games and if they all click, you're going to become a very rich individual but when trading, you'll need to have a very good Idea on what you're doing or you're not going to make it at trading. Trading needs patience to study the market and need you to learn it very well.

But gambling depends on luck and card cards also depends on luck too and how good you're at playing them as you might not have the right cards but sometimes you can be able to convince your opponents that the cards in your hands are good ones and they'll forfeit the game by giving up. Card game also depends on the skills that you have in playing them but you can win too without having too much experience although that isn't much possible with trading.

[famososMuertos]

No, no, it has been said countless times, since this topic has 'exploded' on this board several times, anyway it is like comparing apples and pears, or there are simply no linear comparisons, but relative ones.

Just get good habits, study and analyze your strategies, then check if you have the skills, and dedicate yourself professionally to either of the two, it is easy.

[Kavelj22]

Trading or gambling?

Theoretically, I see no differences between them since they both rely on expectation, which in turn relies on luck. Also theoretically, it is not possible to decide which is more risky because both are considered a major risk. I believe that those who are fond of one or both are unproductive people who do not think about investing in their skills or employing their potential to produce something useful. This type of personality is widespread in society and is a product of the culture of capitalism that supports the free orientation in choosing the type of opportunities.

Personally, I consider gambling a non-productive activity that may take several forms of betting, including speculation in the stock market or betting on crypto-assets specifically. This makes no difference in any way from betting on the outcome of a match or believing that you are the most likely to win from one of the slot machines. I think it is foolish for anyone to believe that they are luckier than others based on their ability to predict. Those who are fond of slot games are definitely the stupidest.

Perhaps the only difference is in the description, since the trader considers himself an investor while the gambler considers himself a player.

[Stalker22]

Trading have even more risks compared to gambling although the both requires money for us to participate and there is always a strategy. Although in most of the bets we play, there is no need for any strategy and one can actually make money if we are lucky enough to win and make money for oneself. This is big difference between gambling and trading and they have similarities that makes the two unique depending on the actual person that is involved. There are more gamblers than traders because gambling so not always requires a skill compared to trading that requires full skill for one to successfully make money.

I get what you say about trading having risks more than gambling, but I dont fully agree.  The way I see it, with gambling, the game is kinda rigged against you from the start and casinos have the edge built into all those games to put the odds in their favor over time.  But with trading is not like that.  You can win or lose based on your own smarts and the kinds of plans you make. 

And here is another big thing - with gambling once you put your chips down or pull the lever, thats kinda it.  The outcome is out of your hands.  But with trading, you have more control to limit losses with things like stop-losses or to manage the risk.  Plus you get to choose what you trade, unlike gambling where its total luck.

So I get they both have uncertainty but trading seems way less stacked against you and more about how good your strategy is.

[Belarge]

No, no, it has been said countless times, since this topic has 'exploded' on this board several times, anyway it is like comparing apples and pears, or there are simply no linear comparisons, but relative ones.

Just get good habits, study and analyze your strategies, then check if you have the skills, and dedicate yourself professionally to either of the two, it is easy.

Strategies should be well composed and well straighten out because it involves quite important runs in the system. Both are terrible and also good, it all depend on the person anticipating in them. Gambling and trading, ofcourse I'm sticking with trading because it's more like a skill. I feel proud of myself each time I'm trading in the market, some sort of relief and I've come to realize how tough I can be in the market because everything, learning continues and there's absolutely no stopping from making accomplishments for myself.

[Chilwell]

In gambling, you can use $5 or $10  to gamble to win big money while trading require big money before you can earn big money from your trading, and you can gamble without having the experience of gambling and win which you can't try such in trading.

If you have the experience of gambling like the way some gamblers use to win all the time from gambling, you can turn to millionaires through gambling, and you will prefer it than trading which you have to wait for bull run before you can trade to take profits that will going to suit you.

Gambling is everyday gamble while trading has a particular season traders use to trade to earn profits from their trading which is bull run,  and the way I use to experience joy whenever am playing games, I don't use to experience such joy from trading.

Although, it depends on what kind of trading you are doing. Sometimes you can be buying a specific coin to save while the other coin that you have in your wallet is due for trading. that's, is due for selling. And when you sell it, you will as well gain from it. So, to me, it depends on your knowledge about trading and gambling, which of them you specialize on. Also, what i like most with trading is that, if really you know what you are doing, and you are patient enough to wait for the right time, even if it is little profits you are going to get it.  But as for the gambling, the more money you stake, the more the profits like that of trading. And you can still use small amount of money and win big. But don't also forget that when the Lost comes, most of the time, what mostly happened is that you may lose all of your money as well.

Greediness is the greatest enemy of both. So you try and hold yourself to be contented with the little gain to avoid regret at the end.

[SUPERSAIAN]

If the goal is to make money, isn't it the right thing to trade? The answer is already there. Sometimes, out of ambition, we pursue making money from gambling, but this is very tiring and it is a really sad road in the end financially. It is risky in trading, but at least when you trade, you have the space to direct the game and move with the flow, which makes you feel comfortable.

The most fun thing for me is to get high profits in gambling with small amounts. Sometimes it is fun to try my luck like this.

[topbitcoin]

Op once you compare gambling and trading then remove investment because everyone will choose investment. But when you compare the former two then the selection will be complicated. Trading and gambling are like Cat and Rat or Tom and Jerry. And I think the two are the same and If I will choose it is trading and not gambling. Trading is preferable because once you bet on any sport game, you can can't cancel the bet until the end of the game to know whether you win or not. But in trading you can stop the trade at any point in time. Therefore sport betting and card games have no advantage over trading instead it is trading have it over them.

I think in betting on sports events we can cancel the gamble made or take the remaining balance in the half but yes depending on the bet made by you also if your initial guess is wrong then and the odds ratio reverses you may lose a few percent of the value of your bet, but you can withdraw it, which means that it can still be canceled even in a loss if it is in an online casino, except maybe live football betting, maybe like what you said.

This is also the same as trading, it's just a different approach and you can set the leverage you want for your trade, then you can set your TP and SL prices if it's in trading so you can be much safer and can see the overall risk, while in gambling for the leverage is determined by the bookie with their probability calculations or we used to odds, so it's more risky gambling than trading and if you look at trading profits can be much more profitable if you become a professional in that field so most likely you will get more money in the future because the trading strategy never changes.

[goaldigger]

If the goal is to make money, isn't it the right thing to trade? The answer is already there. Sometimes, out of ambition, we pursue making money from gambling, but this is very tiring and it is a really sad road in the end financially. It is risky in trading, but at least when you trade, you have the space to direct the game and move with the flow, which makes you feel comfortable.

The most fun thing for me is to get high profits in gambling with small amounts. Sometimes it is fun to try my luck like this.

That’s the only advantage of gambling for me, turning your small money and get big profit but the catch here it is not guaranteed and you don’t have control over it. When it comes to trading, you have your own strategy that is proven to work in the market, all you have to do is to execute your strategy and analyze the market effectively. For me, trading are more safe to those who are seeking for a long term way to make profit, while gambling its more about entertainment for me.