Do You Think Crypto Trading is Gambling?

[Wapfika]

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.

On the contrary, Some part of gambling like Sports betting has same information which a gambler can use as reference for their bets. Sports analysis can be compared to trading analysis since both are deriving data from the past and use it as reference for bets.

It’s not applicable on casino games like slots because it’s pure luck based games but sports betting can be view same as trading in a sense that you can analyze previous record for the future result.

[Su-asa]

We have discussed this same topic in different ways on this same gambling board, and my own stand is that gambling and trading might have something in common, but they are totally different things.
 
Gambling doesn't give you room to recover your money like trading does when your portfolio reduces in value due to a price drop. In gambling, you need to put in back money in order to retry your luck and see if you can regain what you have lost in gambling.

The both do have something similar in common but i know that they are two different things. The truth is that no trader will say that they are trading on forex for fun or entertainment but we have gamblers that are says they are gambling for entertainment. However, most people takes it to be a way to get quick money that's why they do trading and gamble but the truth still remains that the both are different things.

[Frankolala]

Trading is not not gambling because if you are an experience trader you will know how to minimize your losses and you will also have your own strategy to make profit from trading. I will not say that trading is more of luck but it is more of skills.

Gambling on the other hand is majorly based on luck and no matter how much your try, if you are not lucky, you will always run at loss. It is only inexperience traders that are gamblers because they don't understand the market or have any knowledge on trading but jump into trading.

[Samlucky O]

I think this kind of thread has been created before but I can't really figure out where it is right now, but the truth of the matter is that trading is trading and gambling is gambling. There is this thing that makes people see both as thesame, and that is profit and lose which is normal in any business. But the the difference between trading and gambling is that in gambling if you lose you lose totally but in trading when you buy bitcoin and the price dips you won't loss totally. the value will only drop but rises when bitcoin also rise. So I prefer buying bitcoin than gambling. Another advantage of buying bitcoin is that if you buy it bit by bit for a longer period, you will be able to make alot of profit but in gambling you don't accumulate rather you play once and if it loses it is lost for good .

[Out of mind]

Trading may have some similarities with gambling but two different things as we all know. If you lose money when you gamble, you will never get it back, and if you trade, if you lose money, you can recover it later. Accordingly, trading cannot be compared to two different things gambling, but both things have one thing in common, which is addiction. There are many people who are addicted to trading and can't quit, while we know that people who are addicted to gambling can't quit either. But two different platforms, so I think trading can never be compared with gambling.

[retreat]

If someone is "gambling" in their trading, then it is not trading, but gambling as you said. Because basically what distinguishes gambling from trading is that when someone gambles, they tend to rely on their luck and usually it is done in a short time. While for trading, someone will use various instruments, strategies, and news, and then analyze them and use them to make a profit in the market.
So back to your topic, is crypto trading gambling? it depends on the person, whether he really has the mindset of a trader who uses strategy and analysis, or a gambler who only relies on luck. And also not all crypto is based on speculation, in memecoins it may be the case, but in popular crypto it may not be.

[CryptoHeadlineNews]

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

Thou Crypto trading may have similarities with Gambling, it doesn't mean they are both the same, because inasmuch as luck is one factor which plays an important role in these two phenomenon, when it comes to Crypto, we could all notice that while a trader is executing his/her trade, they can implement features such as "Stop loss and take profit" in scenerios where the market doesn't go as planned, of which such feature isn't available in gambling, whereby its either you win or you lose.
Secondly, when it comes to crypto trading, the outcome of its trade is always influence by a wide range of factors, such as Market sentiment, Global Economic News and e.t.c, unlike gambling whereby the outcome of a bet is always as a result of random agorithm. So those are the difference Gambling has against Crypto trading

[virasog]

On the contrary, Some part of gambling like Sports betting has same information which a gambler can use as reference for their bets. Sports analysis can be compared to trading analysis since both are deriving data from the past and use it as reference for bets.

It’s not applicable on casino games like slots because it’s pure luck based games but sports betting can be view same as trading in a sense that you can analyze previous record for the future result.

Ok so you can say that sport betting and crypto trading are alike as you have some data to play with and make your trades/bets but there is a key difference between both. In betting, you will place a bet and the bet will settle as soon as the match is over. However in trading, it depends on yourself as when you will close the trade and this is more true in spot trading.
In spot trading, even if you are in loss, you can hold the trade and may only close it when you move into profits. This luxury is not available in betting and this is key difference between the two.

[aioc]

In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?

To some extent, it is gambling, but gambling is riskier because you get up or log out and you lose everything you deposit. Compared to trading, you are not likely to lose everything; you can even minimize your losses if you play it right. The volatility of the market makes it a high-risk venture like gambling, but not so much like the risks in gambling.
Traders can make money from gambling but you cannot say that to gambling where you have to totally rely on luck to make money.

[dansus021]

Do You Think Crypto Trading is Gambling? well the big answer is now and all of it depends with what kinda trade are you doing I mean what the type of trade are you blindly trade or anything etc.
In my opinion if you trade like spot trading with basic knowledge then I don't categorize Trading is gambling, but if you trade with futures max leverage and blindly trade then I would consider that as gambling.

But I would consider all futures trade are gambling hahahah but with better chance than gambling like slot since trading can be predicted tho is not always 100% accurate

[sunsilk]

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?

Everyone will tell you that trading requires analysis and so as gambling but specifically with sports betting. So, you can do both analyses if you want to have a bigger chance of winning.

It's true that trading is also a form of gambling but there will be traders or investors that will tell you that they're not gambling at all and they have different values.

You'll hit their egos because that's what they think but as we all know, someone's profit and winnings are others losses.

[khiholangkang]

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?

If you equate gambling with crypto trading based on assumptions or speculation, of course, such an attitude is the same as gambling, such as whether you will be successful or not in the future if you don't do anything today, of course it is also your gambling with your own future because it is speculative and everything in this world you can gamble without exception.

It can be said to be gambling or not depending on how you trade, this will determine the direction of your mindset and direction of your actions in trading, if you have good trading fundamentals and you can almost get a bright spot in determining the target price on a chart of course it's not gambling in my opinion, especially if you know the project that is being developed by the crypto itself so that you are brave in making purchases, if it's futures trading or futures in my opinion it's exactly the same as gambling.

[Docnaster]

If someone is "gambling" in their trading, then it is not trading, but gambling as you said. Because basically what distinguishes gambling from trading is that when someone gambles, they tend to rely on their luck and usually it is done in a short time. While for trading, someone will use various instruments, strategies, and news, and then analyze them and use them to make a profit in the market.
So back to your topic, is crypto trading gambling? it depends on the person, whether he really has the mindset of a trader who uses strategy and analysis, or a gambler who only relies on luck. And also not all crypto is based on speculation, in memecoins it may be the case, but in popular crypto it may not be.

Reading your submission in regards to the subject matter, I can't agree more than you've pointed out. There are traders who are solely concerned in analyzing the crypto market compare them with the results of the past and strategically trade their cryptos and there's no way you should refer to such kind of traders as "gamblers". Also there are crypto traders that gambles in their trade and leaves their fate to luck of which they sometimes close their trade with profits and the other times, they lose, they're are the gamblers in crypto trading. So crypto trader can be gambling with his trade but that's not applicable to all crypto traders.

[Aanuoluwatofunmi]

This have been long time discussed already that cryptocurrency trading is not gambling, when we are trading, we are not gambling, because trading is an investment, its more better to clarify well that cryptocurrency trading is an investment and gambling is not an investment and there is nothing that relates the two with similarities of being the same, if some are seeing it that way, it doesn't have to be always right approach they are taking, gambling is all about fun while trading an investment.

[South Park]

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?

Depending on the circumstances you could be right or completely wrong, it seems to me there are many traders out there that do not really know what they are doing, so when it comes to those traders you are right, however there is a small number of traders that have studied the markets for years and their skill level is incredibly high, so when it comes to those particular traders, there is little doubt that you are wrong and luck has nothing to do with their good results.

[Dailyscript]

The reason why people consider gambling and trading to b similar is because both requires risking our money with the hope of getting profitable outcomes in a situation where the outcomes in uncertain and can be influenced by some other things that is beyond any persons control. Trading is influenced by market structure and regulation and gambling is influenced by players and other regulated bodies to like the casino.

Also, a lot of people see trading and gambling as means to get rich quickly which leads to most persons becoming addicted and making bad decisions. The last similarity is that you can win huge and lose huge in trading and gambling. So I won't judge anyone who feels that they are both the same because they share a lot in common.

[GeorgeJohn]

I don't know why people like to compare gambling and the threading these two things are different things so I don't know why most times will continue to discuss on one particular issue and many people have already make their opinion previously in such a discussion so it is good as a beginner when you come into a community that you don't know the rules and regulation you have to  wait and understand  the community, make a use of a search button to cross check if the topic or thread you want to establish has already be enshrined.

[Odohu]

You already called it by their names that is different and so are their rules. If you are speaking on the aspect of risk, then both have something in common but the variations are much. Trading just fall into one aspect of gambling which is the skill base and not the luck part and if a trader rely solely on luck like we have in most casino games, it will not take time before he will become bankrupt. One of the core lesson of a trader is never to treat trading like gambling rather there should be strict personal rules that must be followed as that is how to succeed in trading. Therefore, gambling and trading are not the same because they have different approach and requirements.

[Slow death]

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?

In gambling, you only have two options: win or lose everything. You don't have the option of placing a stop-loss in gambling, nor do you have the option of losing partially in gambling. When you place $100 on a bet, you just have to wait for the win or the loss of the entire $100. While in the case of trading, when you take $100 and buy bitcoin, for example, if the price of bitcoin falls, you will still have part of your money if you sell the bitcoin. You can keep $90 or you can hold until the price of bitcoin goes up again and you can make a profit. You also have the option of placing a stop-loss if your $100 is on an exchange. Just from these few points that I have already mentioned, you will realize that the difference between trading and gambling is very big.

[mirakal]

Volatility is what makes trading more exciting and at the same time threatening. However, if you are not used to it and you push trading in such a volatile market, the result will probably come out like gambling. Don't trade if you think there is higher probability to lose than to win, but trade only when you know you are quite sure that the market will end up favoring your trade.

Everything will seem like gambling even life itself if you don't know how to navigate it. But if you are completely aware on the risks and how to overcome nor avoid it, you are definitely not gambling at all.