What’s better to make a good profit - Trading or Gambling?

[Kelward]

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.

[chmod755]

I once won a 5-digit sum on Satoshi Dice but I knew the risks.

[ChiBitCTy]

I wonder what percentage of this forum mentions “profits” per every , say ..10 posts. I’d gamble a lot on that, speaking of gambling profits.

This is so situationally based, it’s impossible to say without referencing specific situations. I will say this, I know a good amount of people on this forum are in poorer nations /situations and think this is the answer to making money..it’s not.  Buy shares of an S&P 500 fund, put the money toward btc for long term growth, invest “gamble” in semiconductors etc. I’ve been a financial advisor for nearly 20 years and have done well investing and I never trade as it’s not for most as it takes a lot of time , skill and knowledge and even then it often ignores fundamental analysis.

Gamble for fun , not to make money and don’t trade, invest.

[Frankolala]

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

Some people claim that they are surviving through crypto trading and I have no reason to doubt them because I don't have any experience. But it requires a whole lot of skills, experience, and money. A trader needs to understand the basic and technical concepts of the business before he can start making profits.

But I prefer gambling to trading. You can be lucky to win big with small funds in gambling but in most cases, you need to invest more in trading to get high profits. Gambling can be easily understood without much reading or experience, but that's not the case in trading. There are cases where first-time gamblers win big because they are just lucky. One can be easily scammed while trading because there are too many coins in the trading ecosystem. But in gambling, you are secure if you choose reputable casinos.

Yea, I agree with all that you mentioned on gambling because hitting the jackpot is possible even if you don't have any skill or knowledge of the game. Gambling is also used as a means of entertainment and relief of stress whereas trading is very boring and stressful which is the opposite of gambling.

The punchline is that trading is like going to school learn a course and practice gives you the best experience in the market, if you don't dedicate your time, money and effort on it, you will not make profit but gambling can be done without taking it serious and before you know it, you might be lucky. I don't also trade because I don't have the patience it needs to learn better.

[irsykes]

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.

I agree with you, all life activities have risks just in different sizes. All fields will not be far from this sacred thing, it's just that everyone who wants to take the step to do so has thought about the risk of responsibility that must be accepted. like gambling, the risk of losing money is the main basis for knowing what will happen if we don't win. Saving money or trading also carries risks. Sometimes even professional traders are not always 100% sure there are unexpected risks.