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Author Topic: What’s better to make a good profit - Trading or Gambling?  (Read 969 times)
YOSHIE
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July 18, 2024, 07:30:56 PM
 #141

What’s better to make a good profit - Trading or Gambling?
Both of them can make a lot of profit or money, depending on their habits or knowledge. Gambling is a game that must be played based on strategy, experience and so on, as well as crypto trading, strategies, experience and so on are also needed.

Many of them gamble, but have no experience in trading, on the other hand those who trade do not have expertise in gambling, now come back to yourself, both make a lot of money, trading can make millions of dollars in a matter of hours, gambling can also make millions of dollars in a matter of hours.

If you want to do what you usually do, that's what you do, don't force yourself to do your activities with money in a place where you don't understand, hear, imitate, trial and error is not a good idea to do, do what you often do, gambling or trading, both are places for money.

R


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July 18, 2024, 08:07:19 PM
 #142

They both require all of those things, luck and skill. But you can go as free as you are when you trade and gamble. I'd say we don't have control in the outcomes but chances are being increased if we're skilled in both of it because we've got the advantage for having that. Both are like guessing games even if you are skilled with it and wherever you'd go and try to describe both of them, the fact that we like for each of them is about being profitable and that's occasional.

You can really mitigate your losses in trading conviniently without compromising all of your capital but in gambling, you have high chance of losing your money even if you try to mitigate it. In trading, there is trading risk management like using of stop loss which you can use to reduce your loss on the market id things turn out badly but in gambling, you can have options like Handicap and others but that doesn't mean you can't lose all your money, that's the difference in their risk management even with the skills.

Trading is safest even with little knowledge from if the market is good, you can make money swinging between up and down movement of the candle but gambling doesn't know if you are expert or learner, if you are going to lose your money, it is going to take it with no hesitation and you hardly see people with trading addiction as people complain much about gambling most often.

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July 18, 2024, 08:55:15 PM
 #143

They both require all of those things, luck and skill. But you can go as free as you are when you trade and gamble. I'd say we don't have control in the outcomes but chances are being increased if we're skilled in both of it because we've got the advantage for having that. Both are like guessing games even if you are skilled with it and wherever you'd go and try to describe both of them, the fact that we like for each of them is about being profitable and that's occasional.

You can really mitigate your losses in trading conviniently without compromising all of your capital but in gambling, you have high chance of losing your money even if you try to mitigate it. In trading, there is trading risk management like using of stop loss which you can use to reduce your loss on the market id things turn out badly but in gambling, you can have options like Handicap and others but that doesn't mean you can't lose all your money, that's the difference in their risk management even with the skills.

Trading is safest even with little knowledge from if the market is good, you can make money swinging between up and down movement of the candle but gambling doesn't know if you are expert or learner, if you are going to lose your money, it is going to take it with no hesitation and you hardly see people with trading addiction as people complain much about gambling most often.
There's no such thing about safe among the two but somewhat in the moment that we can be trying out to compare into gambling then you could really be able to say that they do have that notable difference
on which it would really be just that normal that you would really be dealing accordingly into the risks level on which it would really be just that a normal approach to have. There are really just that those conditions on which you do end up on becoming a gambler while you do make up some trading just because of some desperation or impulsive emotions. We do know that when it comes into this aspect then it could really happen. We do know that when it comes to things then gambling is really that for entertainment and trading is of investment or something that could be considered as a side income.

Risk level would really be that notable and it would really be that impossible that you wont really be able to point yourself on which one would really be that good for past time
and which one would really be needing to have that serious approach on which it would really be something that too impossible for you not to be able to point out.

R


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July 18, 2024, 09:00:10 PM
 #144

If you want to make a better trade, then know how to go about it because trading is not the same as gambling, we often lose our money completely on bets in gambling while trading alone is an investment in which we make use of our skills acquired on trades for currency pairs, trading does not require losing money hundred percent like we do have it on gambling, we can thereby conclude on saying gambling is not an investment while trading is.

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July 18, 2024, 09:04:30 PM
 #145

Gambling and trading will be an apple to apple comparison only if the trading is being done blindly (by guessing only) without any other researches.
Gambling and trading are two completely different things. If you are a professional trader, then you should be making cool money from trading, even if there will be loss, it shouldn’t be much. I will say gambling is luck. Even if you have been gambling for years and you are a professional in gambling, that doesn’t mean you won’t be losing hard in gambling. I am surprised that some people knows about trading, they know money can be made from trading if they take their time to learn it, but they will prefer to gamble for the sake of money instead of learning how to trade and making money from trading.

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July 18, 2024, 09:05:52 PM
 #146

If you want to make a better trade, then know how to go about it because trading is not the same as gambling, we often lose our money completely on bets in gambling while trading alone is an investment in which we make use of our skills acquired on trades for currency pairs, trading does not require losing money hundred percent like we do have it on gambling, we can thereby conclude on saying gambling is not an investment while trading is.
We can always make money from either trading or gambling if we really know what we are doing. Gambling requires less skill to master the art while trading requires continues learning to master the skill. One can make good profits from either of the two and it all requires using our funds to play or trade to make money from ourselves. Gambling can be fun but we still need to understand the risk that is involved so we don't have to lose money without knowing what's the problem. Trading is more of skill and we need to be prepared and master to skill to make more money from trading.

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EarnOnVictor
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July 19, 2024, 08:07:02 AM
 #147

If you want to make a better trade, then know how to go about it because trading is not the same as gambling, we often lose our money completely on bets in gambling while trading alone is an investment in which we make use of our skills acquired on trades for currency pairs, trading does not require losing money hundred percent like we do have it on gambling, we can thereby conclude on saying gambling is not an investment while trading is.
This is a good point, trading and gambling can't be the same but the two can still deliver the profits, it's just that gambling can be riskier in delivering the profits, while trading is with less risk, provided you know it. So don't go near what you do not know. Even if you do not have the right strategies to trade, the proper management will make it difficult for you to lose your money on one or a few trades, and even if you make a mistake in trading, immediately you realise it, you can close the position(s) with a minimal loss and do whatever you want to do afterwards. This flexibility and richer managerial tendencies in trading can't be taken for granted and when the trader is proficient enough, trading can deliver huge profits in a safer condition which makes it better in my opinion.

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betswift
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July 19, 2024, 08:33:24 AM
 #148

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.

Solosanz
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July 19, 2024, 08:56:51 AM
 #149

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.
Just check the history on your account, you will know how much you deposit, how much you earn, how much you loss, and how much your withdrawal. There's no point at all to watch other people transactions, moreover if they send to centralized sites, you have no way to know how much they withdraw, or they might loss it all.

We can always make money from either trading or gambling if we really know what we are doing. Gambling requires less skill to master the art while trading requires continues learning to master the skill.
So the conclusions gambling is easier to master and after we master the games, we can always make money from gambling? then I will ask how much you earn in gambling per month and show the evidence too.

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DubemIfedigbo001
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July 19, 2024, 09:08:19 AM
 #150

Dude these two are incomparable, one is a full-time occupation while the latter is just a fun activity. Trading is a job that people take up and cash out seriously, I basically know a lot of friends that trade for a living and do nothing else but that. They are really doing very fine and are very comfortable in it, some of them even have erected offices of their own and have started taking in students.

Such cannot be said of gambling since taking up gambling as a full-time job is the height of irresponsibility unless you are an employee in the gambling industry and your duty is to provide service to the gamblers concerned and I'm sure that is not the context of contemplation here. If you understand trading well, you will know there are patterns to it which leads to riches, but you cannot assure yourself that you understand gambling patterns and for me, both f them ensures good risks, but gambling is riskier and has higher possibility of funds loss if pursued with the same energy.

Trading is much better and incomparable with gambling, and it would be a total insult to the lucrative occupation to compare it with gambling.

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ethereumhunter
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July 19, 2024, 10:21:44 AM
 #151

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.
That's why trading can be a good way to make a good profit than gambling as we can try to learn more about trading. If they willing to be a pro trader, that will helps them to have a source of income from trading. But they can not have a source of income if they choose gambling because that can only suck their money without they realizes that their money is gone.

Trading can gives profit than gambling so people must realizes that if they can posses a high skills in trading, their chance to make a profit will be wide openly. They don't have to spends their money in gambling instead use it to trading which can gives them more opportunities to make a profit. But that will depends on each people because many people doesn't wants to learn trading for more details and only rely on the signal to make a profit.

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shivansps
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July 19, 2024, 10:46:04 AM
 #152

Sports bets are not similar like online Casino Games

It has to be said we should also differentiate between Sports Bets and online Gambling like online Casino Games, Dice Games, Slot Games or similar.
While online Casino, Dice or Slot Games are very risky because on average we will lose, we have to make a closer look to Sports betting.
Sports betting is a very broad sort of betting on all sorts of Sports, where we can select a market, which we like and which we want to bet on.
We can bet on markets like here on football:
-   Winner of a game
-   Total number of goals
-   To get a penalty kick
-   Total numbers of cards shown
-   Total number of corner kicks
-   Player to score a goal / get shown a card

It is a wide range of markets to bet on and we will have a possibility to make a personalized strategy for whatever market will be available, so our chances are pretty much better compared to a simple Dice game, where on average, we will lose for sure.
It’s quite possible for us to make a profit by having a good betting strategy.

Trading vs. Gambling

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.


It’s worth noting right away that gambling has many different types of bets. You mentioned this in your message and it is important. There are bets on sports, where a person sees a match, sees the result, everything happens before his eyes and then he understands whether he won or not. Casinos or slot machines are another matter, where the owners will always be in the black and the more a person plays, the more money he loses, with very rare exceptions. Everything here is based on “luck”.
Speaking of trading, there is an opportunity to analyze the instruments that interest you, coins or something else. Here you have the opportunity to look at the development team, who created this project, their goals, achievements, social networks and the meaning of the project itself.
Therefore, in answer to your question, I will say that in my opinion, trading and gambling are not the same thing, although there are similarities.

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lienfaye
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July 19, 2024, 11:30:45 AM
 #153

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.
The chances to profit in trading is high compared to gambling since you can dig deeper to gain knowledge about the particular coin that you want to trade. You can use your experiences to end up in good coin especially if you know its history. Being aware of the established coins and shit coins are crucial in trading. It might be speculative but still, it's not entirely relying on luck unless you're doing it like gambling wherein you are just trading any coin without proper research.

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Hirose UK
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July 19, 2024, 12:30:32 PM
 #154

We can always make money from either trading or gambling if we really know what we are doing. Gambling requires less skill to master the art while trading requires continues learning to master the skill.
So the conclusions gambling is easier to master and after we master the games, we can always make money from gambling? then I will ask how much you earn in gambling per month and show the evidence too.
Only fool would say that can understand how gambling works and be able to achieve greater profits from gambling, I would say that those who have assumptions like that are people who are still beginners and don't really understand the system or how it works gambling.
Basically, gambling works with random algorithm, in almost all games everything cannot be predicted easily and this is why it can be said that the dealer or house edge has the biggest advantage.
I wonder why there are still people who think like this, if they had been in gambling for long time and experienced lot of the bitterness and sweetness of gambling they would definitely never have thoughts or talks like that.
I completely agree with you, I will also ask the same thing to be able to really see and be able to conclude that what is said is not just narrative without real proof.

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July 19, 2024, 12:52:40 PM
 #155

I am sure that the casino has a huge advantage over trading, because in the casino you can have fun, and trading is just analyzing the chart, which brings absolutely no fun. 
You just need to sit and look out for analysis patterns, as well as resistance and support levels. If you don’t guess correctly with the coin, then the money will simply disappear, but the difference is that in gambling it’s even fun to lose.

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summonerrk
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July 19, 2024, 12:56:45 PM
Last edit: July 19, 2024, 01:30:29 PM by summonerrk
 #156

I am sure that the casino has a huge advantage over trading, because in the casino you can have fun, and trading is just analyzing the chart, which brings absolutely no fun.  
You just need to sit and look out for analysis patterns, as well as resistance and support levels. If you don’t guess correctly with the coin, then the money will simply disappear, but the difference is that in gambling it’s even fun to lose.

Excuse me, but I completely disagree with you.
What does it mean to have fun losing?  How can the activity of playing the most important resource in any person’s life be “fun”?

I believe that if someone loses money, and it doesn’t matter - gambling or trading - then it’s bad. It's always bad.
But in general, I choose trading, because there the chances of getting money are much higher than in gambling. Any token, even if it has fallen in price, can rise. But in a casino, losing money is the end.

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bubilas
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July 19, 2024, 01:00:45 PM
 #157

I am sure that the casino has a huge advantage over trading, because in the casino you can have fun, and trading is just analyzing the chart, which brings absolutely no fun.  
You just need to sit and look out for analysis patterns, as well as resistance and support levels. If you don’t guess correctly with the coin, then the money will simply disappear, but the difference is that in gambling it’s even fun to lose.

I completely disagree with you. What does it mean to have fun losing?  How can the activity of playing the most important resource in any person’s life be “fun”?

I believe that if someone loses money, and it doesn’t matter - gambling or trading - then it’s bad. It's always bad.
But in general, I choose trading, because there the chances of getting money are much higher than in gambling. Any token, even if it has fallen in price, can rise. But in a casino, losing money is the end.

I'm sure you understand what I meant by "having fun losing money at the casino." If by fate we are destined to lose or lose money, then let it not be boring.
It's actually like spending money on fun. 
And in trading, if someone invested in shitcoin, then he will not only have empty pockets, but also feel sad because he chose this shitcoin. But in a casino this is not the case; there, any type of game has a chance to bring you profit.

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.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
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summonerrk
Hero Member
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Activity: 1442
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July 19, 2024, 01:36:53 PM
 #158

Quote from: bubilas

I'm sure you understand what I meant by "having fun losing money at the casino." If by fate we are destined to lose or lose money, then let it not be boring.
It's actually like spending money on fun. 
And in trading, if someone invested in shitcoin, then he will not only have empty pockets, but also feel sad because he chose this shitcoin. But in a casino this is not the case; there, any type of game has a chance to bring you profit.

That's okay, so be it. But in trading, a trader always manages risks; he can average his trading position if he sees that the rate of the cryptocurrency in which he invested is going into a drawdown.
In a casino, a gambler cannot influence in any way the fact that his balance decreases and decreases.

Yes, there are plenty of stories about jackpots, big wins in casinos, but the world of trading is also full of stories about how someone made a huge profit on memcoins.

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Natalim
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July 19, 2024, 01:42:30 PM
 #159

Quote from: bubilas

I'm sure you understand what I meant by "having fun losing money at the casino." If by fate we are destined to lose or lose money, then let it not be boring.
It's actually like spending money on fun. 
And in trading, if someone invested in shitcoin, then he will not only have empty pockets, but also feel sad because he chose this shitcoin. But in a casino this is not the case; there, any type of game has a chance to bring you profit.

That's okay, so be it. But in trading, a trader always manages risks; he can average his trading position if he sees that the rate of the cryptocurrency in which he invested is going into a drawdown.
In a casino, a gambler cannot influence in any way the fact that his balance decreases and decreases.

Yes, there are plenty of stories about jackpots, big wins in casinos, but the world of trading is also full of stories about how someone made a huge profit on memcoins.

You have generalized gambling in your comparison, implying that gambling is just a waste of money or a way to entertain ourselves without winning in the end. But in trading, we can apply strategies to be successful. Is that what you mean? For me, I think gambling can be defined as either luck-based or skill-based. If you have the skills, you can compare gambling and trading as ways of making money. Of course, this comparison is limited to certain types of games, as you can't compare slots (luck-based) to poker or sports betting (skill-based).

summonerrk
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July 19, 2024, 01:49:54 PM
 #160

Quote from: bubilas

I'm sure you understand what I meant by "having fun losing money at the casino." If by fate we are destined to lose or lose money, then let it not be boring.
It's actually like spending money on fun. 
And in trading, if someone invested in shitcoin, then he will not only have empty pockets, but also feel sad because he chose this shitcoin. But in a casino this is not the case; there, any type of game has a chance to bring you profit.

That's okay, so be it. But in trading, a trader always manages risks; he can average his trading position if he sees that the rate of the cryptocurrency in which he invested is going into a drawdown.
In a casino, a gambler cannot influence in any way the fact that his balance decreases and decreases.

Yes, there are plenty of stories about jackpots, big wins in casinos, but the world of trading is also full of stories about how someone made a huge profit on memcoins.

You have generalized gambling in your comparison, implying that gambling is just a waste of money or a way to entertain ourselves without winning in the end. But in trading, we can apply strategies to be successful. Is that what you mean? For me, I think gambling can be defined as either luck-based or skill-based. If you have the skills, you can compare gambling and trading as ways of making money. Of course, this comparison is limited to certain types of games, as you can't compare slots (luck-based) to poker or sports betting (skill-based).

You are right, the concept of gambling is too broad and it covers the types of gambling you described above. Such diverse activities as Poker or Slots. it's a really different.
However, I have a point in favor of trading: I have not heard of anyone becoming addicted because of trading. There is even an official job - Trader.
And in gambling (any kind), you can lose control over yourself and start constantly thinking about gambling. I agree that in poker the chance of this is small. But there is such a chance.

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