Trading has become too much akin to gambling. Let's embrace it

[bangjoe]

It looks very similar because the risks involved are quite large. In my opinion, future trading is the same as gambling. Sometimes prices are manipulated, but there is still a difference between gambling and trading.

Similar does not mean the same, all of them have the risk of both gambling and trading both have things that cannot be guaranteed accurate predictions, but in the struggle trading you can maintain your position by increasing the amount of liquidity of your position to hold your position so that it is not isolated or hit by a margin call .

In the past, I had also been in the perception that the futures trading was a gambling but after I explored, the fact was not like that, we only did not understand the mechanism as a whole, how we can revenue it in trade, except binary trade, I am very sure that it Just like gambling.

[Findingnemo]

I don't do futures and options and I won't recommend anyone to do it. But if they are doing it knowing the risk associated with it then they have to pick where there's more potential. It looks like if the casino offers similar betting features that will comes with less restrictions and obviously more chance to make money so why not.

But it can't be simple, casino might need added licence to do that because it's totally different things even though there's resemblance or they need to find a way to legally work it under the Gambling license.

[serjent05]

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

Isn't this a Binary Option?  Well, I think it is worth to try if any gambling platform where I play offers this kind of service.  I think if one is so keen on the Bitcoin price movement, this gambling on the fluctuation of price of Bitcoin will surely give that person an advantage.  This is like a skill-based gambling where the insight and prediction skill of a person is tested.

[Perfectbaby]

Wanted to actually mentioned this site that they offers such prediction before I have to scroll down a bit to see you had already mentioned it. Yes, this polymarket offer variety range of things including the just concluded US election predictions, it was majorly carried out through this market and this cause so much concerned to some elites who are concerned about the funding of US presidential election.

Most activities that requires opposition, argument, and uncertainty, invites "gambling" to give players more reason for standing on their motion. No doubts gambling is closer to trading, and the crypto casino also want more of traders to participate in gaming.

By foiling out features that' are seen in exchanges and adding it to the casino. Though it's highly volatile to bet on the price of Bitcoin, people would want to try, due to its kind of funds or wins close to the profit in trading.

Usually people would love to try out new things from gambling site especially features related to that of trading and it would give that opportunity to explore another different forms of gambling even though it's directly slot or roulette maybe sports betting at least having another feature would also increased the interest of gamblers those who are also interested in trading related predictions.

[taufik123]

-snip-
In the past, I had also been in the perception that the futures trading was a gambling but after I explored, the fact was not like that, we only did not understand the mechanism as a whole, how we can revenue it in trade, except binary trade, I am very sure that it Just like gambling.

Binary trading really resembles gambling and is indeed the same, and of course it is different from futures trading,
which still has the opportunity to add liquidity so that the position is maintained.

Futures trading also requires analysis to determine where you should maintain your position and where you should take profits.
Newcomers who come in without basic trading knowledge may just enter without doing any analysis, this may be what is called gambling,
only the nature of the trader and not the platform used.

I started from spot trading and learned all the trading knowledge, until finally figuring out how futures trading works and how with the obvious differences of binary trading as modern gambling trading.

[Cryptmuster]

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

It seems to me that this could be of interest to those who are good at trading, but in this case, there is no need for a good trader to go to a casino if he gets good results in trading.

I will tell you about my example, I allocate a much smaller amount for betting than for trading, and the reason is very simple, in gambling it is much more difficult for me to earn money and I have many more losing bets than unprofitable transactions. Gambling is very categorical, you bet on a match, and then you either win or lose, and in trading you have different options, you can wait for the end of the correction, average the transaction, and so on.

[bangjoe]

-snip-
In the past, I had also been in the perception that the futures trading was a gambling but after I explored, the fact was not like that, we only did not understand the mechanism as a whole, how we can revenue it in trade, except binary trade, I am very sure that it Just like gambling.

Binary trading really resembles gambling and is indeed the same, and of course it is different from futures trading,
which still has the opportunity to add liquidity so that the position is maintained.

Futures trading also requires analysis to determine where you should maintain your position and where you should take profits.
Newcomers who come in without basic trading knowledge may just enter without doing any analysis, this may be what is called gambling,
only the nature of the trader and not the platform used.

I started from spot trading and learned all the trading knowledge, until finally figuring out how futures trading works and how with the obvious differences of binary trading as modern gambling trading.

Yes that's right, all forms of trade can be used as gambling but some are pure like binary and some are not like future, people who do not understand analysis and do not do it in spot trading can be said to be gamblers because he doesn't know what he bought and will be Moving where, just convincing myself that I will get a victory in a particular coin and it's the same as gambling.

The important point is to understand all forms of trading in order to avoid gambling in trading if you want to avoid it, because there are many forms of trading with various kinds of mechanisms, so if you don't know then I think any assumption can be accepted.

[justdimin]

Are you guys talking about the same leverage trading that's available on top crypto exchanges? Are you guys for real? Because we are all missing a part here, as for OP saying that Rollbit offers such service, here is a question for you.

Does Rollbit offers stop loss option on their platform? If not they sucks, leverage trading on Bitcoin price action is better off on a crypto exchange, I can't count how many times I've escaped losses because of stop loss feature.

Leverage trade in a casino? Haven't heard of it yet but what I'm only aware with, is the options type of trade. It is only simple just like how other casino game works. Complex trade like leverage should only belong on a proper place like a trading exchange. However for the sake of your context or if a casino supports it for example, indeed that would be suck if they don't have a stop loss feature but for a famous and quality casino like Rollbit, I think they will have it mate, so don't worry.

Even a normal platform would still have it for sure, because stop loss are are already part of the mechanics of trading. It is like a machine that if you miss one function it won't work properly anymore. It is just that there are still traders who don't use it and interestingly, they still do well. It only depends on our preference after all, if what we think we are good at.

[Jawhead999]

Isn't this a Binary Option?  Well, I think it is worth to try if any gambling platform where I play offers this kind of service.  I think if one is so keen on the Bitcoin price movement, this gambling on the fluctuation of price of Bitcoin will surely give that person an advantage.  This is like a skill-based gambling where the insight and prediction skill of a person is tested.

Yeah it's similar to binary option where you choose to bet low or high for short period of time.

I don't really sure if it's a skill based games because when the price just move like $100 or 0.1%, you could lose, the price movement is unpredictable, not to mention which sites that Rollbit use for their futures.

The price movement from one exchange to other could be different.

[Franctoshi]

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

Definitely some people will prefer to gamble on the price fluctuations of bitcoin price. I have also seen it on two other gambling site before.

But as for me, I will prefer no to do that. I will prefer to go for perpetual future trading which is what that I prefer and not actually gambling like the binary-option-like ones like betting on fluctuations of bitcoin price

Leveraged trading surely is a gambling of a kind. I created and was running 5 different leveraged grid and two of them were liquidated even in current sideways market. I know I was being greedy and looking for larger profit in shorter time but that's a general tendency. Leveraged trading just looks like a few steps more risky and more rewarding trading than spot trading but having that option makes trading more near to gambling. Even in the bullish market, I might end up with less crypto value than I was holding a few months ago.

The problem I have found with trading is that big money trade against small money in leverage trading especially when you are using a high leverage to trade ,you are screwed, the secret that differentiate gambling from trading is the ability to lock in your profits while the trading is running.
Spot trading is just the best, buy and hold ,have patient because the market will definitely test your patient.

[dansus021]

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

Im currently addicted futures trading, well you said that "Trading has become too much akin to gambling. Let's embrace it" Im not gonna denied it because derivative product from the spot trading is little bit of gambling in my opinion.

If you take a look at the Option trading that you basically you put your money and just guess is the price gonna be up or down in a minute chart I just like pure gambling in my opinion. Now there are ton of product that offer leveraged trading because its profit, you get easy money but you can lose money easy too in the derivative product

[taufik123]

-snip-
just convincing myself that I will get a victory in a particular coin and it's the same as gambling.

The important point is to understand all forms of trading in order to avoid gambling in trading if you want to avoid it, because there are many forms of trading with various kinds of mechanisms, so if you don't know then I think any assumption can be accepted.

People who trade without knowing the mechanism are just trying to guess the price and just like in binary trading, you are only given time to guess the price and risk your money and there is no chance to secure the position.

I prefer to do spot trading because I still hold the asset I bought even though the price is down and certainly has a chance to go up.

And understanding each type of trading is indeed necessary, as each trading platform has different rules.
Don't miss losing money on a trade that is almost similar to gambling, it will not be recoverable and only the losses you will get.

[Aanuoluwatofunmi]

Trading is different form gambling and when we are doing the two together, we may have the chance of understanding them more better, when we trade, we are investing to make profits, when we are gambling, we are doing that to have fun, but when we mix the two altogether, it becomes akin to our body as we may not feel satisfied with what we are having.

Gambling is what everyone can easily do and has the right to engage freely without having to go through any required proceedings, because its all about being entertained, some will tell that gambling is more preferable to gambling while others the other way round, but our decision is mostly base on what we are good at.

[Hispo]

Would you gamble on casino games that are based around the real fluctuations of BTC's price?

...  This is like a skill-based gambling where the insight and prediction skill of a person is tested.

There is no skill being tested in these gambling games in which the price of Bitcoin an other assets are supposed to be guessed in the very short time, because casinos use extremely large leverage, meaning that it only takes a little movement contrary to the prediction set by the gambler for all their wager to be pretty much gone and the session be over, there is no skill involved in that is just a coin toss and hoping for the best.
If one wished to actually try to trade with less risk and with a limite leverage then one is supposed to sign up to Binance or other actually reliable exchange services, when one has the power to adjust the level of risk one feels comfortable with.
Price prediction on casinos will be always considered to be gambling, when one compares them with the spot market for future markets with a reasonable level of leverage.

Still, being gambling it does not mean it cannot be fun to those who are seeking to have an extra injection of thrill and adrenaline while watching the price chart of bitcoin on live, while having a leveraged stake on it...

[ethereumhunter]

Trading is different form gambling and when we are doing the two together, we may have the chance of understanding them more better, when we trade, we are investing to make profits, when we are gambling, we are doing that to have fun, but when we mix the two altogether, it becomes akin to our body as we may not feel satisfied with what we are having.

Gambling is what everyone can easily do and has the right to engage freely without having to go through any required proceedings, because its all about being entertained, some will tell that gambling is more preferable to gambling while others the other way round, but our decision is mostly base on what we are good at.

That is right because trading can be our investment for some term if we can not sell in the near so we will have a chance to recover and make a profit. While in gambling, you will difficult to have a chance to recover from your losses and only makes your losses become big. Besides that, we are playing gambling for fun and not for make money while in trading, we want to make a profit from many coins. We have a reason why we trade so we will try to learn more about analysis the market so we can increase our chance to make money and improve our skills.

While in gambling, it is not guarantee you will always win from the games and get much money. Maybe that will only happen to those who have luck and that will not many people can get it.

[Su-asa]

Most people say that there's no difference between trading and gambling but there's a big distinction between both of them. Trading involves a lot of knowledge and skillset, it requires patience and it takes a lot of time to master. Although it's true that the market is highly volatile it doesn't change the fact that risk management can help you minimize your losses but gambling on the other hand is strictly based on luck, you don't need to study terms for months like trading. People now take irresponsible risks in trading like overly increasing their lot size and trading against the trend, these are obviously ways of gambling. You will definitely make more profit than losses in trading if you follow the rules.

[uneng]

Crypto trading on short term has always been like gambling. Day trading is gambling. And the reason why it's pretty simple: nobody can predict crypto market on short term, just like nobody can predict the outcomes of their gambling games. There is only technical analyzes on long term, what means to predict Bitcoin and altcoins prices along the cycles, based on events such as halvings, regulations, economical crisis and wars around the globe.

If there was anything solid about day trading, then we would have a much larger percentage of successful people making profit through binary options and similars. In the end, luck and randomness still play a big role on this matter. Therefore, to make extra income through this trading method or gambling are totally discouraged. People use to say casinos are the ones to always profit, and I think we can consider exchanges as well side by side with casinos.

[Kemarit]

Most people say that there's no difference between trading and gambling but there's a big distinction between both of them. Trading involves a lot of knowledge and skillset, it requires patience and it takes a lot of time to master. Although it's true that the market is highly volatile it doesn't change the fact that risk management can help you minimize your losses but gambling on the other hand is strictly based on luck, you don't need to study terms for months like trading. People now take irresponsible risks in trading like overly increasing their lot size and trading against the trend, these are obviously ways of gambling. You will definitely make more profit than losses in trading if you follow the rules.

Depends on the game itself though, if you are not into luck base games, but let's say into sports betting, then what you defined could fit in that category, it also involves a lot of knowledge of the game and the players and the team. You could have been fans for years and follow that sports that you become so called experts in your own right.

So I guess with that, we can say that both trading and gambling are the same. The mentality and the patience needed, because after you take a L, you might do a step back and see what went wrong or it might be you over complicated your position.

[TheUltraElite]

The spot trading is the only actual trading. Anything other than spot trading is and always will be gambling. Be it options, futures, margin anything - other than spot trading.

That is why I suggest newbies to only try out spot trading and be aware of the other types of trading. Exchanges make most of the money through the non-spot trading methods because they earn just like a casino would earn. They will always promote their leverage and margins but never their spot.

So we are looking at a venn diagram, a part of the entire trading scene is gambling but a part of it is not.

[davis196]

Anyway, I think more casinos should follow the path of what Rollbit has been doing with its virtual futures and offer gambling services based on the BTC price. There could be several advantages. No KYC, no regulatory restrictions as imposed on traditional markers, unlimited leverage... You name it.
Maybe even there could be some algorithmic memecoin releases. Maybe you're one of the lucky ones that get 10x or one of the unlucky ones that get rugged.

1.Why no KYC? I think that most casinos and trading platforms should abide by the rules and regulations(even though I hate KYC as much as anyone else).
2.Unlimited leverage? Who the hell could offer unlimited leverage? What do you mean by "unlimited"? A billion times leverage?
3.Memecoin rug pulls are a pump-and-dump scam, not gambling. If you want gambling, just play crash games.
Some platforms are offering betting on predictions about the Bitcoin price. Maybe such gambling activities aren't that popular, because there's no entertainment and it's boring to bet on the future BTC price. I personally wouldn't bet on BTC(or altcoin) prices, because I don't find it interesting. Binary options are considered illegal in many jurisdictions.