Investment Become Gambling

[GIF-JOBS]

financial investments are very difficult to keep up with and it gets more difficult without emotional control. A lot of people move from making an investment and after a while it becomes gambling because they lack discipline and consistency. investments has rules to follow to make sure that you are on the safe side but when you try to take the fact route to make quick money that's gambling

That’s why is best to know how to differentiate gambling, investment and trading from each other. Because if you can differentiate them you will be able to position yourself, if you are an investor focus on longterm because you aren’t trader or gambling , and if you want to trade make sure you learn properly so that you won’t address trading as gambling. This kind be off topic but just felt like dropping it .

This is true, there's a way you would learn trading it will look like you're gambling as you will be relying on luck. But those who have build enough knowledge about trading don't usually depend on luck but strategy, trading is very far from gambling depending on your level of knowledge towards trading. Since I know that trading is not an easy game I don't look into it, and secondly it requires enough knowledge. So instead of spending a whole lot of years in trading to learn how trading works I would rather use the time to learn the basic things about bitcoin investment and just get started.

When we trade abnormally compared to normal, it will become like gambling for us, if trading correctly it is never gambling, but currently many people are using trading in such a way that it becomes completely equivalent to gambling. So it will depend on how you manage the matter, and how you accept it, if you accept it realistically through research then it will bring you real possibilities, otherwise when the matter is managed completely depending on luck then it is gambling.

Those who really understand, they rely on discipline and strategy, not luck, but at the end of the day, trading is never easy, it requires years of learning. Even after learning, many skilled traders face losses. So losses are completely normal here. Losses can never be avoided. So we need to change our thinking so that we can avoid making wrong decisions.

[Crypto_Timothy]

Year 2023. I started investing in Bitcoin. The market has fluctuated many times until now. However, I have always had a long-term goal. Although I had to sell once due to circumstances, but I started investing again.

However, a few weeks after my investment, a close friend of mine also started investing. He also talked about long-term investment. Our goals were similar. However, even though the goals were the same, our behavior was not the same over time, and this is where the difference between investment and gambling was created.

He start take profits when price increased. After doing this a few times, he started monitoring the market regularly and analyzing the opinions of YouTube and Telegram. At one point, he started making decisions with the market fluctuations. Sometimes he would buy out of FOMO and sometimes he would sell out of panic. In this way, he would make profits at times and sometimes he would lose.

 Even when I warned him about such behavior, he  misunderstand me that maybe I did not want to let him make a profit.
However, at one point, after significant financial loss, he realized his mistake. The problem was in his behavior.  He had the ability to continue investing well in the long term and even though he started investing with this intention, due to his inability to control his behavior, the investment turned into a gamble.  

Do you think that mental and behavioral control are similar important with financial management, risk management  in investing?

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In life generally, if you want to succeed you must be in control mentally, like from the story you shared both of you had same goal but due to certain behavioral pattens that we see common with people who truly dont understand bitcoin as an investment rather than a quick money scheme, people like that often lack control and are always prone to making mistakes.

Having a goal is one thing, understanding what needs to be done in order to achieve that goal is completely something else and that was the clear difference between you both.

[Pi-network314159]

this shows that everybody is accountable for the decision they make. i see that your friend never had an intention of holding bitcoin for the long term like you, he only played along to make you believe both of you are in the same shoes perhaps he want to play smart. but however since it is his life to leave and decision to make then you have not option than to wish him well in the path he chose. which is from investing to gambling. i usually say that investment  is not for everybody. and not matter how hard you try to advice people , they will surely have something to say all the time just to defend themselves to do what pleases them.