Do You Think Crypto Trading is Gambling?

[Casdinyard]

You could say that some of its nature could be attributed to gambling and betting, but in a general sense of the concept crypto trading, or trading in general, isn’t something you could loop gambling in with. For one, their intents and means of acquiring their intents. While you could say both are predominantly chance-based, there are strategies and techniques, as well as learnable behaviors that you could perform to increase your chances of landing a profit in trading. You could do the same thing with gambling but it’s not gonna work.

There’s also the intent and nature of acquisition of profits. Trading is made to provide people with profits as incentive for accurately predicting the flow of the market. Gambling incentivizes playing more and even then the prospect of profit isn’t necessarily guaranteed.

[Odusko]

You thought some people do not expected the crash? I expected it. I was also expecting bitcoin not to move above $60000 for now. You are right that the expectation can be wrong at time but everyone can not be on the same side.

Trading is not gambling but most traders are trading in a way it is gambling for them and that is why they are losing. Trading is as risky as gambling if you do not understand how it works.

Gambling is based on luck. Trading is based in knowledge, patience and experience.

I expected the price of bitcoin to noise dive backwards as it did, but I know bitcoin won't remain down for long and if you see what bitcoin have done with it recovery move you expectations are already beaten at this point and this to show you have unpredictable bitcoin can be just like your expectations have failed you this time because you don't expect bitcoin to recover any where around 60k but at the moment bitcoin is seating around 61k+ already which is way above you speculations and at this moment we are going to see bitcoin reaching somewhere around 65k-70k before anything can happen again.

I don't know what cause the recent bitcoin price crash, but what I know is that, the way the price of bitcoin dropped so sharply it the same way the price will recover back and seat above it previous level before the price crash.

[LDL]

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

I can't directly compare crypto trading to gambling as you will see multiple differences. Especially if you consider gambling then you have two possibilities one is profit and other is loss. But the type of loss is different especially if your capital is lost then your balance will be zero forever and you will never get back your invested capital.

But in case of crypto trading you will have two possibilities like gambling one is profit and other is loss.  In this case if you have faced loss then if you keep your investment then at some point in market correction you will have the possibility to get back this lost capital whereas in case of gambling you will never get back. So basically gambling and crypto trading can never be the same thing.

[Zigabel]

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 allt his which you have said so far I still don't agree with you that trading is the same as gambling, you can never make such comparison between both and fund a leveling ground even with all the similarities you may spot, there's also a lot that puts them apart that you only get to see and understand fully if you are careful to observing and seeing them all but in the surface, they share so much of similarities you may like them to be the same.

With gambling you cannot get a professional career, you aswell don't have your risk defined all the time and there's never a time you get to a point of certainty gambling but somehow with trading you can be lucky to get some of this at professional level of trading.

[HelliumZ]

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

I can't directly compare crypto trading to gambling as you will see multiple differences. Especially if you consider gambling then you have two possibilities one is profit and other is loss. But the type of loss is different especially if your capital is lost then your balance will be zero forever and you will never get back your invested capital.

But in case of crypto trading you will have two possibilities like gambling one is profit and other is loss.  In this case if you have faced loss then if you keep your investment then at some point in market correction you will have the possibility to get back this lost capital whereas in case of gambling you will never get back. So basically gambling and crypto trading can never be the same thing.

Your comments is also not unreasonable but if you compare the topic in crypto currency you will definitely find many similarities. Assuming you lost the bet forever and you are unlikely to ever recover your bet loss. But if you invest in a scam punzi project and it disappears from the market forever, you will never get back the same as gambling.  So in this case gambling and trading become the same thing and there is no guarantee of loss recovery in both cases.

[Hispo]

It is only gambling if one is messing around with  future contracts and using unreasonable leverage for the sake of bigger returns. On the other hand, there are people who use exchanges in a more moderate way to predict the patterns of the market and take smaller profits without having to compromise their whole budget in a very slim period of time.
For example, of I notice there is a strong tendency for the price of Bitcoin to increase and the chances of it to continue to do so is high, then I buy in and wait for the price to continue to go up before selling (that would be after doing some analysis on the price graph), it would be different if I stepped into the future market and picked up the first shitcoin I saw and  got all in using an exaggerate leverage, that would be gambling .

[Shinpako09]

If you look up their meanings in the dictionary, they are different, but they do share some similarities. One similarity is that both are risky. In gambling, they say the house always wins. You don't need a ton of knowledge; you only need an insane amount of luck. However, in trading, you can't succeed in a short period of time. Trading is not for lazy people since you need to study carefully, or you will burn your investment.

[GreatArkansas]

If you look up their meanings in the dictionary, they are different, but they do share some similarities. One similarity is that both are risky. In gambling, they say the house always wins. You don't need a ton of knowledge; you only need an insane amount of luck. However, in trading, you can't succeed in a short period of time. Trading is not for lazy people since you need to study carefully, or you will burn your investment.

But as most people say some traders keep losing or lazy to learn that trading is gambling.

But there are always difference of it, profitable traders are not gamblers, they don't just randomly press buy and sell button, there is always analysis and reasons why they buy and sell specific trading pair.

[bitcoin_mining]

Crypto trading and gambling are often thought of as one and we confuse the two but trading and gambling are two different things. Profit or loss in business depends on the skill and decision making of the trader but in gambling one has to trust his luck more than his skill or experience. While gambling there is an expectation that we will win but not always win many times it is seen that many things happen beyond the expectation. Gambling with a fixed amount of money can increase in a moment and you can lose money in a moment but this is not the case in business. 

In business, there may be temporary profit or loss, but if you wait patiently, your business will be in a good position.

[Hirose UK]

This kind of context is actually quite widely discussed and has been topic of discussion here several times, but we do see quite lot of different perceptions from each person.
I personally do not consider crypto trading as form of similarity to gambling because in crypto trading it is the same as investing but in the short term and of course the rise and fall of prices is not influenced by one party only like gambling where the advantage is only owned by the dealer.
Crypto trading will be the same as trading goods in the real world where we buy assets at low price and sell them at higher price to get some profit.
Unpredictable volatility is natural thing in the cryptocurrency industry because if there is no volatility, crypto will not run well and of course no one will want to trade or invest.
It can be concluded that the way the cryptocurrency industry works is very different from gambling so this can never be equated.

[DaNNy001]

Such comparisons are not new topics. But the answers will still be the same. Gambling always implies luck first and foremost. A beginner who has not heard of gambling just yesterday can win a large sum. But is such luck possible in trading? Where it is necessary to have a strategy, it is unlikely to be successful without knowledge.

A very valid point, crypto trading doesn't really deal with luck because a person that doesn't even know what gambling is all about can just make random selections and probably hit the jackpot but you can't put trading in that category, someone who doesn't know how to trade will be totally lost and won't know their way around the market.. crypto trading is a school on it's own, you need to have the knowledge and skill in order to be successful in it

[Mr. Magkaisa]

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 allt his which you have said so far I still don't agree with you that trading is the same as gambling, you can never make such comparison between both and fund a leveling ground even with all the similarities you may spot, there's also a lot that puts them apart that you only get to see and understand fully if you are careful to observing and seeing them all but in the surface, they share so much of similarities you may like them to be the same.

With gambling you cannot get a professional career, you aswell don't have your risk defined all the time and there's never a time you get to a point of certainty gambling but somehow with trading you can be lucky to get some of this at professional level of trading.

         -      There are others who think that trading and gambling are the same in their thoughts and views. Maybe for me, they are just the same in that there is a risk and they are just doing the same, that should we use any capital in both of them, we are willing to lose it or lose.

But they are not the same because they have different concepts. Gambling is its concept; it has a house edge called; winning in gambling really depends on luck, while trading does not have a house edge and the profit does not depend on luck; instead, it is based on market analysis using indicators and technical analysis, which is the opposite of gambling, which does not have it.

[Dr.Bitcoin_Strange]

Well, yea, they both have the similarity of speculation but trading have some tool that a trader can use to identify the  market trend and know the direction of the market before they can enter the position, trading is not majorly dependent on luck but it requires a good skill but gambling requires luck.

[Dickiy]

Well, yea, they both have the similarity of speculation but trading have some tool that a trader can use to identify the  market trend and know the direction of the market before they can enter the position, trading is not majorly dependent on luck but it requires a good skill but gambling requires luck.

can be said the same but not similar. the simple difference is a beginner gambler can easily play bets and win the game with luck. unlike beginner traders there is no luck to get profit in trading they must prioritize the approach, and skills other things beginner traders need a long process to continue to get profit.

[Oluwa-btc]

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 don't think crypto trading is gambling because in gambling you tend to stake with money and when you loose you can't recover it again and you may still want to do so till luck finds you one-day and then you win but for Crypto trading it's entirely different.

In crypto trading it's more of speculation like you said, whereas you know the market strength and Challenges,you strategies on how to make positive results and watch your Money grow,but most times it's not favourable cause of rise and fall but you still have to keep heads up and mind you when doing so you can as well make losses and gains but a good tendency you can always revovet your losses unlike gambling.

[serjent05]

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

Everyone has their opinion so I respecting what you're thought about the volatility of trading but it was established that trading and gambling are two different thing.  Trading will only become a gambling thing when the trader itself has no prior knowledge about trading and the thing that he is trading.

But in normal occasions, traders have knowledge about his trading activity and use tools and insights on how he will do his trading activities.  The presence of risk management, data or information of the market trend is one factor that deviates trading from gambling.  Since trading is known as based on analysis and trader has more control over their decision since they can set-up their trading options and can cancel their trading demand after it was initiated unlike gambling where a gambler can't control anything after they press spin.

@OP I think you need to carefully read this article: https://www.investing.com/news/cryptocurrency-news/trading-vs-gambling-same-psychology-different-outcomes-2548880 to check the difference of gambling and trading, and when trading become gambling.

[famososMuertos]

...//:;

+1
That's the point, you don't have to compare in any sense, there is a tedious tendency to do so, but it is more due to the tricks of losers in trading, who use the comparative.

What can be said, and applies to any other activity, is that if you are successful in gambling and particularly in strategy games, you can apply those skills in trading and vice versa.

[pawanjain]

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?

This topic has often turned out to be a long debate. Gambling and Trading do have some similarities but in trading there is some psychology and analysis involved.
If people are skilled enough then they can make their prediction stronger which leads them to win more number of times.
I would say this is the major difference between them.

[skarais]

~~~

But as most people say some traders keep losing or lazy to learn that trading is gambling.

But there are always difference of it, profitable traders are not gamblers, they don't just randomly press buy and sell button, there is always analysis and reasons why they buy and sell specific trading pair.

Of course, traders and gamblers are different. In terms of meaning, these two activities are completely different and the business approach is also different. Traders trade valuable assets in the form of physical assets and digital assets including crypto and shares. New traders are considered gambling when they have the same gambling approach when they trade, meaning they just hope for luck instead of buying based on analysis or something like that. I would not consider gambling and trading the same regardless of the risks.

[Su-asa]

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?

This topic has often turned out to be a long debate. Gambling and Trading do have some similarities but in trading there is some psychology and analysis involved.
If people are skilled enough then they can make their prediction stronger which leads them to win more number of times.
I would say this is the major difference between them.

In gamble they call it strategy but in trading they call it analysis and this made them to have something similar in common but it's true that they are not the same because trading is mainly for those that seeks for the easiest ways to make quick money which is not that easy because of its crypto currency. And on gamble it's also something that's lose is always more that the luck, unless luck is involved in the round you played. On gamble there are games a gambler can predict and there are some which they can not predict and those games that they can not predict are purely luck that makes anyone to win from them but if we talk about trading all of them needs predictions and analysis altogether so that the trader can be able to get some profits from his/her trade.