Do You Think Crypto Trading is Gambling?

[danherbias07]

If it's compared with sports betting I might agree but never with casino-based games.

Sports have records and history which means there are numbers that could be of great help to predict the outcome of the game. Trading has numbers too and you can use the market chart as a basis to predict where the candle might go.
But when it comes to slot games and other casino games, you are blind in this game. You don't have the numbers, records are there but that's just to show your bet history and it can never help you out in predicting what will happen next.
All of it is based on an algorithm, which we don't know how or when will give us something that is worth a profit.

[Spaceman1000$]

In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

Both trading and gambling involved a lot of permutation and risk involvement, but of different dimensions. Trading involves analyzing market trends and the possible direction to which the market might move to, most times you can even initiate a stop loss when the trade is not going towards the direction you've predicted, however gambling does not give you those ample opportunities to stop a loss or take profit as trading does, in gambling hence you predict a game and stake your money, you have to stay and waith for the outcome, except your lucky enough to see the cashout option which is not always available, so trading and gambling categorically have their own difference in approach but the same form of risk taken.

[Pi-network314159]

Why people always insinuate that trading is gambling is because they have similarities. For instance in trading people buy low and sell high and make profit and sometimes they buy low or dip and it dip more which instead ofaking profit you loose more. Or you might buy some punp and dump scam shitcoin which after investment they will fall and may never go up again. In other words gamblers predict and stake game sometimes they win and also lose but they lose more due to greediness of not withdrawing their profit instead they left it there and continue playing.

[Franctoshi]

In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

Crypto trading isn’t gambling in the sense that you have some percentage of control over managing your trading than when compared with gambling, in gambling you don't have much control the monemt after which you have completely placed your bets. However, It usually seems Crypto trading is like gambling when you are not approaching the market the right way, hence the market have a way of dealing with people with gambling mindset, especially those people that wants to buy coin today and get rich tomorrow.

[AlphaBoy]

Any trading for the non-professional is a gamble.
For the professionals it is a low-risk gamble.
For the whales, it is a way to make money.

[crwth]

I don’t think so because it’s very different from investing in something and hoping that it will come up in price compared to basically luck In terms of what the results would be in the machine. It is definitely going to be a factor where It is better to crypto trade than gambling.

[xLays]

In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

There have probably been hundreds of discussions like this posted here on bitcointalk, discussing whether trading is gambling. I have only one answer to this, or rather, my opinion on what trading is: I do believe it is gambling, but not as extreme as literal gambling, where you can lose all your money in a single day. I consider trading gambling because trading and gambling have similar aspects, like the possibility of losing or winning money and yes like what you said sometimes involve luck.

[Rockstarguy]

So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

Despite that the volatility of cryptocurrency can't speculated it doesn't make cryptocurrency trading to be the same with gambling. The market of cryptocurrency is volatile which traders either lose or gain but one thing with cryptocurrency is that profit is certain when a trader knows what he or she is doing. The reason why people lose so much in crypto trading is because they lack the knowledge of trading , the markets can be volatile but one still needs to be knowledgeable to make profit in cryptocurrency trading. Trading cam be risky but traders can reduce the risk of losing money in trading if they have good understanding about trading.

Gambling will always be unpredicted which can not be speculated and no amount of knowledge can make a gambler to stand the chance of winning gambling all the time. Their is a big difference with gambling and trading, trading can be considered to be a skill while gambling is a game of luck to win a game.

[yahoo62278]

If you are risking money, you are gambling. It's not the same as going to a casino, but it is still gambling. You are taking a chance on what you might feel is a sure thing and make some money, but you forget there is no such thing as a sure thing. Something can always go wrong.

With that being said, there is some serious money to be made in trading, but don't just think you're going to jump in and make millions. You have to educate yourself on how it all works and make the correct moves, otherwise welcome to brokeville.

[bitLeap]

You claim to have been a trader for years but ultimately conclude it as gambling? It seems that you missed a lot of things if you come to that conclusion. It is useless to study the technical, method, research if the conclusion can be done by everyone in terms of profit and loss, of course you can minimize it much better than those who only rely on speculation alone.

If we talk about whether there are similarities? maybe there are but the level of similarity between gambling and trading is not as big as the difference. It all depends on how you position yourself on the traded asset, not in terms of volatility, all assets have volatility and since you entered crypto trading you should have known the risks.

[coin-investor]

So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

I'm not a full-time trader, but I have many friends who are, and they told me that even if you do your analysis, it's not yet a guarantee that you can make a profit. What makes gambling and trading very similar is the advice that you should not use money that you cannot afford to lose.

The cryptocurrency market is very volatile. Just when you expect to make a profit, the unexpected happens. Your losses are greater in gambling than in trading. In trading, you can always cut your losses, something you cannot always do in gambling.

[Marvelockg]

So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

we've talked about this multiple of times both at the trading section of the forum and even in this board. Although trading and gambling are based on some level of luck and in some way involves the trader or gambler doing analyssis of the market or bet, trading isn't entirely gambling. you could study trading and become experienced at it to the point where losses are minimal but that's not the same case with gambling. The kind of knowledge, experience and research most active traders do, gambling don't do half of it and you can't come into trading with a shallow knowledge of the industry and a little finance and expect to do well unlike gambling that anyone can just start gambling today and might even win a jackpot the same day.

[Awaklara]

So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

You have to be both to be able to tell the difference. You have to be a trader and a gambler. Once you understand enough, you will know where the difference between trading and gambling really lies.
I don't know how many times this topic has been discussed. But I'm sure more than two threads are discussing the same topic like this. People who can't tell the difference between trading and gambling. They must be new to both. They haven't really traded or gambled.

[summonerrk]

What I like about trading is that the price chart represents the history of Bitcoin or another cryptocurrency, and therefore any trader has a huge ocean of information that can be analyzed to invent a trading strategy.
There is nothing like this in gambling. There is no way to know what the outcomes were before you started playing.

[ethereumhunter]

You can says that crypto trading is gambling based on what you say but if you trades without have a knowledge about trading, that will be the same as gambling. You just depends on your luck to make a profit so you keeps trying to trade and hopes you can makes that profit. If you can analyzes the market moves, you will see that you can make a profit based on the market moves and predicts when you can enters to the market and close your trades.

A crypto trading is difficult to knows when is up and down and even if you have a good skills in analyzing, you will still difficult to finds where the market will moves. Maybe that is a gambling for you but for me, trading is not a gambling especially if you have skills and knowledge and even if trading is gambling, that will be no problem especially if you can risks your money to use to trade.

[uneng]

So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

Yes, crypto trading is purely gambling on short run. Nobody could explain why Bitcoin crashed days ago. It wasn't predictable, there aren't strong arguments and as consequence we had a high level of fear and uncertainity among investors, who got rid of their holdings because they couldn't hold the anxiety and stress caused by the volatility and insecurity of crypto market. People may say Bitcoin crashed for this or that, but in the end, they wouldn't be saying such reasons would impact Bitcoin negatively, if the price didn't fall.

It's much better to be a holder than a trader. Actually, they are similar, the difference is that a holder will trade less often, only on long term. In compensation, he won't be gambling with his funds, because on long run you can draw consistent analysis regards crypto market and especially Bitcoin. I advise everyone to stop day trading and to focus their efforts on solid gains which can be achieved by holding for long periods of time.

[Yatsan]

In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

While for me there's are notable similarities between gambling and crypto trading, especially in their speculative nature and unpredictable role, there are also important differences Both force future outcomes in an uncertain environment and, of course, happiness can play an important role. But experienced crypto traders rely on in-depth research, news, indicators and technical analysis to make rational decisions, which differentiates trading from gambling, where decisions often depend on risk so much more than risk management measures such as stop-loss mandates and portfolios Helpful: These are the minimum trading analysis for guidance, so that the markets can be organized in a random nature, although the trade from its length though. It turns out that overall, despite the similarities, crypto trading requires more systematic planning and risk management compared to gambling.

[m2017]

In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

I share your opinion (which I expressed in previous posts) and believe that trading and gambling (at least) have a lot in common. In both cases, to obtain a positive result (profit), many factors should be taken into account, which is sometimes practically impossible and the random (unexpected) factor can ruin everything. Also, in both trading and gambling, as you said, there is a bet on a possible (future) result, that is, a bet based on a forecast (or assumption of the outcome of an event). I would call gambling and trading the same financial activity under different wrappers.

[Die_empty]

So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

Crypto gambling is more riskier than trading. In gambling in mainly slots, you don't have any control over the games. You just put in your money and wait for the game to play without any input. But in trading, you can do research and determine how the market might react. You can also withdraw your funds when anytime you want, but in gambling, you have to wait till the game ends. One can lose money in gambling easily and faster than in gambling. One can easily bet so many times within a minute.But the good part of gambling is that you can play games with little money and end up winning big. Volatility makes gambling similar to trading if you don't do enough research or you invest only high risked shitcoins.

[yudi09]

In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
-snip-

Gambling and trading are not the same, my friend, even though there are similarities. The similarity may be in terms of opportunities, but if you examine it further, it is different again because trading requires in-depth technical analysis and others. Actually, you already know where the differences are in the part I skipped.
This topic has been discussed here many times with the same question regarding the differences and similarities between trading and gambling.