Investment Become Gambling

[Cgrexp]

You might have a clear strategy or plan at the beginning of your investment but when you let your emotions start taking over you cannot call that an investment anymore because you are being carried away by the market and not moved by your initial plans. As you already lnow, both of you had good plans and adequate knowledge but your friend fell off due to lack of emotional control or behaviour. One aspect people need to develop before starting their journey as investors is mental discipline, Having knowledge, strategy and knowing how to apply risk management is good but in the long run you need mental discipline if you really want to achieve significant results.

I don't really believe with the opinion that poor investors are automatically more reliable or commited to long term, sometimes it's actually the opposite when cash is tight it is much difficult to stay patience during dips because real life needs to force One to sell too early. Having disposable income is the real deciding factor whether anyone is rich or not if they are investing money they can afford to lose, emotions will always take over one over at some point being wealthy doesn't guarantee the emotions control either people at every level make impulsive decision it truly really comes to down to mindset and discipline not just a financial status.

Being committed to long term at times has nothing to do with an investor financial situation because there arre are people that financially load but they are not being committed with there bitcoin investment and also there are people that are not that financially buoyant but are committed to there bitcoin investment. Therefore, it is more of an investor mindset and discipline in being committed to there bitcoin investment rather than only there financial status. Even the rich folks still do panick and sell out of fear of losing there money.

Anyone can commit long term if they want to, it's all about whether they can keep themselves in bitcoin investment or not, we might need money to invest but if a person isn't even interested in investing in bitcoin then it doesn't matter how much discretionary income they have because they will not be able to invest if they are not interested in investing, there are so many people who can be considered rich and with the resources needed to invest in bitcoin but are not doing so, they have the money to do it, if it was just about they financial standing then these people would be the ones investing in bitcoin more

Bitcoin investment is not for everybody. So it is not everyone that have discretionionary that may invest in bitcoin. It is matter of personal decision and choices. There are those that won't want to invest in bitcoin because they fail to appreciate bitcoin for what it is or what it represents. Investment in bitcoin is something of personal decision and just about having discretionionary income because it is possible for someone to have discretionionary income but fail to invest in bitcoin.

The reason why not everyone invests in Bitcoin is that not everyone has the courage to take risks. Again, there are many who do not have any knowledge about Bitcoin, they also do not want to invest in Bitcoin or are not interested in investing. However, investing without a plan is fraught with losses. Therefore, investing according to a proper plan before investing and investing with that amount of money, even if the loss is serious, it will not have any serious impact. And the reason why investment has become a gamble today is that there are many who invest without any plan or knowledge in the hope of quick profit. This investment becomes a gamble. Because it is an uncertain future like gambling. Just as in gambling, it is not possible to realize in advance whether there will be a profit or a loss. Similarly, nothing can be realized in investing in Bitcoin without any knowledge or plan. Therefore, everyone should, before investing in Bitcoin, have complete knowledge about Bitcoin, have an idea about market price fluctuations and invest with a correct and long-term plan.

[The Founding Titan]

The problem with a lot of investors is that they feel like volatility is the enemy, a force to reckon with, and so they sort for ways to outsmart volatility. But this is a flawed way to look at the market. First of all, market volatility is exactly what makes the market very unique and quite profitable, secondly, it's impossible to outsmart, so always trying to beat it would lead one to making costly mistakes. The best thing would be to just let it have its way in the market, and the best wa to do this would be to completely ignore short term market movement regardless of how tempting it might look. The best part about volatility is that it is only strong in the short term, but weaker within the long term, so focus on where it's more manageable and you'll be just fine.

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

There is what you must know about the market there are people who came for short-term investment why there are people who are there for long time altogether they are aiming at making profits from whatever investment they are doing, in fact most people do not really have that patient to watch the market and see how their initial investments drops instead they would be thinking of the market to continue growing to their expectations without them knowing that to every single drop of the market usually gives every investors or traders that opportunity to keep accumulating of their investments.

Opportunities should be taken advantage of but short term investment doesn't qualify as bitcoin investment, if a person really want to invest in bitcoin then their plans have to be long term and they wouldn't be spending their time trying to monitor and time the market, if a dip happens and they have the discretionary income to buy the dip with then they can take advantage of that dip to increase their bitcoin holdings but when they start monitoring the market and waiting for a dip before they can enter then their plan isn't investment but trading and this is an investment thread so it best to keep it that way and not start discussing about how traders trade, let's just stick to talking about bitcoin investment.

[Son Of Blockchain (SOB)]

.....

There is what you must know about the market there are people who came for short-term investment why there are people who are there for long time altogether they are aiming at making profits from whatever investment they are doing, in fact most people do not really have that patient to watch the market and see how their initial investments drops instead they would be thinking of the market to continue growing to their expectations without them knowing that to every single drop of the market usually gives every investors or traders that opportunity to keep accumulating of their investments.

I think this is the reason why the OP chose the subject "investment Become Gambling" you should know how to differentiate an investor from a trader cause someone shouldn't go into Bitcoin investment that's meant for long-term and still say he's an investor no he's not but a trader cause they are the ones that buy Bitcoin for short-term profits.
 Wel it's true that some people lack patience to hold and reach their goal, it may be due to certain circumstances but doesn't qualify them as an investor but traders cause real investors maintain patience and think long-term regardless of any trend of the market.

[cxtreenal]

The problem with a lot of investors is that they feel like volatility is the enemy, a force to reckon with, and so they sort for ways to outsmart volatility. But this is a flawed way to look at the market. First of all, market volatility is exactly what makes the market very unique and quite profitable, secondly, it's impossible to outsmart, so always trying to beat it would lead one to making costly mistakes. The best thing would be to just let it have its way in the market, and the best wa to do this would be to completely ignore short term market movement regardless of how tempting it might look. The best part about volatility is that it is only strong in the short term, but weaker within the long term, so focus on where it's more manageable and you'll be just fine.

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

There is what you must know about the market there are people who came for short-term investment why there are people who are there for long time altogether they are aiming at making profits from whatever investment they are doing, in fact most people do not really have that patient to watch the market and see how their initial investments drops instead they would be thinking of the market to continue growing to their expectations without them knowing that to every single drop of the market usually gives every investors or traders that opportunity to keep accumulating of their investments.

Opportunities should be taken advantage of but short term investment doesn't qualify as bitcoin investment, if a person really want to invest in bitcoin then their plans have to be long term and they wouldn't be spending their time trying to monitor and time the market, if a dip happens and they have the discretionary income to buy the dip with then they can take advantage of that dip to increase their bitcoin holdings but when they start monitoring the market and waiting for a dip before they can enter then their plan isn't investment but trading and this is an investment thread so it best to keep it that way and not start discussing about how traders trade, let's just stick to talking about bitcoin investment.

There is a big difference between trading and investing. Educate yourself before you start trading Bitcoin. You definitely don’t want to trade with your hard earned money in risky ways. You definitely don’t want to get involved in trading activities that can quickly lose funds. Accumulate Bitcoin for the long term because investing is better than trading. It is good to monitor the Bitcoin market movements but wasting time is not the right decision.

Some investors compare Bitcoin trading to the death of capital because they know that funds are at risk through trading. You will be told to accumulate Bitcoin through discretionary income. This is very simple because the funds that are left after meeting every need of your family are discretionary income. For this reason this strategy is called the best strategy for Bitcoin. You are not asked to mandate the amount of discretionary income because you are free to invest. If you can accumulate Bitcoin with $10 per week, start with that amount and work your way up to a long term.

[Marvelockg]

The problem with a lot of investors is that they feel like volatility is the enemy, a force to reckon with, and so they sort for ways to outsmart volatility. But this is a flawed way to look at the market. First of all, market volatility is exactly what makes the market very unique and quite profitable, secondly, it's impossible to outsmart, so always trying to beat it would lead one to making costly mistakes. The best thing would be to just let it have its way in the market, and the best wa to do this would be to completely ignore short term market movement regardless of how tempting it might look. The best part about volatility is that it is only strong in the short term, but weaker within the long term, so focus on where it's more manageable and you'll be just fine.

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

The thing is basically that when you stay long in bitcoin, you will then understand bitcoin investment fully and have a proper understanding of all intricate things that's associated with staying invested in bitcoin.

The concern of volatility is majorly because investors are looking at quick profit. If an investor is looking at long term returns from his investment, volatility won't be so much of a concern as it can be easily leveraged on as a mean of growing ones asset as fast as possible.

[Byebyebtc]

As per starting to invest in bitcoin there is no need to be procrastinating with the idea of wanting to research before beginning to invest. The most important thing is to figure out if there is discretionary income to invest with and then you can start accumulating bitcoin using the available discretionary income. Whatever research you think is essential you can be doing it while going on with your bitcoin accumulation.

Conviction usually grows up with understanding the more time individuals spend studying about Bitcoin and managing their finances properly the morebof confidence and international their decision become it's not just about purchasing and looking for the best , it's about building enough knowledge and stability to handle the up and down without panicking. But having long term mindset and continuously improving your understanding definitely changes The relationship You have with your investment.

I agree with you, but just to be clear the relationship of Bitcoin investment isn't too serious.
Going for knowledge of how Bitcoin works is to strengthen your discipline and emotions in Oder to hold and add investment, I actually don't see any other serious thing one has to understand in the investment of Bitcoin apart from how to invest and how to hold

But if you go as far as understanding Evey movement of Bitcoin, then I will assume that your job has changed from investment to trading, because it's trading that requires more knowledge, investment for me is just continual investment and forgetting about the investment until the targeted time is met.

[BluebloodCXVI]

As far as I have read and learned, investment and gambling are not the same thing. But yes, some people called investment gambling because when a person invests, he looks for a quick profit opportunity. He bought it thinking that the price would increase today, he sold it because he was afraid that the price would decrease tomorrow, and then he might go back to a higher price later. This is almost closer to gambling than investment, so many people compare this type of investment to gambling.

What you’re describing is Trading, long term investment is never the same thing as gambling, in fact trading is closer to being called gambling than long term investing because trading carry significantly higher risks than long term holding.
Anyone who buys bitcoin with the aim of getting quick profits, that person cannot call themselves an investor, they’re simply traders.

[GIF-JOBS]

The problem with a lot of investors is that they feel like volatility is the enemy, a force to reckon with, and so they sort for ways to outsmart volatility. But this is a flawed way to look at the market. First of all, market volatility is exactly what makes the market very unique and quite profitable, secondly, it's impossible to outsmart, so always trying to beat it would lead one to making costly mistakes. The best thing would be to just let it have its way in the market, and the best wa to do this would be to completely ignore short term market movement regardless of how tempting it might look. The best part about volatility is that it is only strong in the short term, but weaker within the long term, so focus on where it's more manageable and you'll be just fine.

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

There is what you must know about the market there are people who came for short-term investment why there are people who are there for long time altogether they are aiming at making profits from whatever investment they are doing, in fact most people do not really have that patient to watch the market and see how their initial investments drops instead they would be thinking of the market to continue growing to their expectations without them knowing that to every single drop of the market usually gives every investors or traders that opportunity to keep accumulating of their investments.

Opportunities should be taken advantage of but short term investment doesn't qualify as bitcoin investment, if a person really want to invest in bitcoin then their plans have to be long term and they wouldn't be spending their time trying to monitor and time the market, if a dip happens and they have the discretionary income to buy the dip with then they can take advantage of that dip to increase their bitcoin holdings but when they start monitoring the market and waiting for a dip before they can enter then their plan isn't investment but trading and this is an investment thread so it best to keep it that way and not start discussing about how traders trade, let's just stick to talking about bitcoin investment.

There is a big difference between trading and investing. Educate yourself before you start trading Bitcoin. You definitely don’t want to trade with your hard earned money in risky ways. You definitely don’t want to get involved in trading activities that can quickly lose funds. Accumulate Bitcoin for the long term because investing is better than trading. It is good to monitor the Bitcoin market movements but wasting time is not the right decision.

Some investors compare Bitcoin trading to the death of capital because they know that funds are at risk through trading. You will be told to accumulate Bitcoin through discretionary income. This is very simple because the funds that are left after meeting every need of your family are discretionary income. For this reason this strategy is called the best strategy for Bitcoin. You are not asked to mandate the amount of discretionary income because you are free to invest. If you can accumulate Bitcoin with $10 per week, start with that amount and work your way up to a long term.

In terms of investment, it is important for every investor to have their own risk management and investment mindset because trading and long-term investment are generally not the same. In terms of trading, decisions have to be made based on market analysis, ability and risk. In this case, insufficient experience can cause big losses. Therefore, no one should enter trading just thinking about capital. And if they want, they can invest for the long term, so they can continuously increase their savings without stress. And it is important to use discretionary income in terms of investment. Even if money is lost in this, it will not affect the mentality and financial system. At the same time, the possibility of making emotional decisions is reduced.

[JayJuanGee]

You might have a clear strategy or plan at the beginning of your investment but when you let your emotions start taking over you cannot call that an investment anymore because you are being carried away by the market and not moved by your initial plans. As you already lnow, both of you had good plans and adequate knowledge but your friend fell off due to lack of emotional control or behaviour. One aspect people need to develop before starting their journey as investors is mental discipline, Having knowledge, strategy and knowing how to apply risk management is good but in the long run you need mental discipline if you really want to achieve significant results.

I don't really believe with the opinion that poor investors are automatically more reliable or commited to long term, sometimes it's actually the opposite when cash is tight it is much difficult to stay patience during dips because real life needs to force One to sell too early. Having disposable income is the real deciding factor whether anyone is rich or not if they are investing money they can afford to lose, emotions will always take over one over at some point being wealthy doesn't guarantee the emotions control either people at every level make impulsive decision it truly really comes to down to mindset and discipline not just a financial status.

Being committed to long term at times has nothing to do with an investor financial situation because there arre are people that financially load but they are not being committed with there bitcoin investment and also there are people that are not that financially buoyant but are committed to there bitcoin investment. Therefore, it is more of an investor mindset and discipline in being committed to there bitcoin investment rather than only there financial status. Even the rich folks still do panick and sell out of fear of losing there money.

Anyone can commit long term if they want to, it's all about whether they can keep themselves in bitcoin investment or not, we might need money to invest but if a person isn't even interested in investing in bitcoin then it doesn't matter how much discretionary income they have because they will not be able to invest if they are not interested in investing, there are so many people who can be considered rich and with the resources needed to invest in bitcoin but are not doing so, they have the money to do it, if it was just about they financial standing then these people would be the ones investing in bitcoin more

Bitcoin investment is not for everybody. So it is not everyone that have discretionionary that may invest in bitcoin. It is matter of personal decision and choices. There are those that won't want to invest in bitcoin because they fail to appreciate bitcoin for what it is or what it represents. Investment in bitcoin is something of personal decision and just about having discretionionary income because it is possible for someone to have discretionionary income but fail to invest in bitcoin.

The reason why not everyone invests in Bitcoin is that not everyone has the courage to take risks.

Why do you need to frame the investing in bitcoin (or buying bitcoin) as a product of taking risks?   

Can't a brand new investor to bitcoin be willing to put money into bitcoin that is no more than he is willing to lose?

If he determines that he is putting money into bitcoin that he is already willing to lose, then where is the risk?  He could lose it all, or on the other hand, it could end up going up in value rather than going down.

Again, there are many who do not have any knowledge about Bitcoin, they also do not want to invest in Bitcoin or are not interested in investing. However, investing without a plan is fraught with losses.

Why does a normie newbie to bitcoin need to start with knowledge and  plan?  Why can't he put money into bitcoin and then figure out his plan and gain his knowledge as he goes?

So then the amount that he puts into bitcoin in the beginning would be a small amount, and then as he learns more and he figures out his plan, then he could start to feel more comfortable to put more into bitcoin

Therefore, investing according to a proper plan before investing and investing with that amount of money, even if the loss is serious, it will not have any serious impact. And the reason why investment has become a gamble today is that there are many who invest without any plan or knowledge in the hope of quick profit. This investment becomes a gamble. Because it is an uncertain future like gambling. Just as in gambling, it is not possible to realize in advance whether there will be a profit or a loss. Similarly, nothing can be realized in investing in Bitcoin without any knowledge or plan. Therefore, everyone should, before investing in Bitcoin, have complete knowledge about Bitcoin, have an idea about market price fluctuations and invest with a correct and long-term plan.

I thought that OP said that he observed someone come to bitcoin and had a plan to invest, yet the guy did not stick with his plan, and so he devolved into gambling rather than investing.

There is some value in starting into bitcoin slowly, yet it becomes difficult to figure out what skills and abilities that any individual might be lacking and they might either need to learn by practice or perhaps identify areas that they are lacking and figure out if those areas are enough to stop them from getting started in terms of buying bitcoin.  If a person figures out that they have discretionary funds, and he has common sense, then he can figure out that if he is going to get started buying bitcoin, then he is likely going to need to start out small while he might be learning about bitcoin and/or learning more about his cashflow.  I don't see why he cannot adjust his starting out position size to the level of his confidence and/or what kinds of  specific plans that he needs and/or what level of knowledge that he needs beyond merely being able to identify that he has discretionary funds and the amount of money that he would start to put in bitcoin would end up being both within his discretionary funds but also an amount that he would be willing to learn in the event that he might make mistakes and/or the BTC price might go down (or to zero) after he had bought it.  I can't see what additional knowledge he necessarily needs, unless he identifies some areas himself.

Let's say that the guy comes to bitcoin and he knows that he has a tendency to gamble, then I suppose that he could try to take some measures to stop himself from gambling  or to end up suffering the consequences of his gambling with bitcoin. 

Sure, he might not know that he has a tendency to gamble, yet it seems to result in the same outcome that he end up having to suffer the consequences of his having had gambled with bitcoin.

[I_Anime]

As far as I have read and learned, investment and gambling are not the same thing. But yes, some people called investment gambling because when a person invests, he looks for a quick profit opportunity. He bought it thinking that the price would increase today, he sold it because he was afraid that the price would decrease tomorrow, and then he might go back to a higher price later. This is almost closer to gambling than investment, so many people compare this type of investment to gambling.

What you’re describing is Trading, long term investment is never the same thing as gambling, in fact trading is closer to being called gambling than long term investing because trading carry significantly higher risks than long term holding.
Anyone who buys bitcoin with the aim of getting quick profits, that person cannot call themselves an investor, they’re simply traders.

Trading is not actually same with gambling though many usually compare it to trading due to the risk in it and how easy it can be abuse easily . Many usually approach gambling and trading the wrong way , approaching gambling without the knowledge is like gambling with your money which is actually bad , such can even be worse than gambling , when it come to long term investment, it is far different from gambling , though is still risky and your money is on the line too.

[Son Of Blockchain (SOB)]

Trading is not actually same with gambling though many usually compare it to trading due to the risk in it and how easy it can be abuse easily . Many usually approach gambling and trading the wrong way , approaching gambling without the knowledge is like gambling with your money which is actually bad , such can even be worse than gambling , when it come to long term investment, it is far different from gambling , though is still risky and your money is on the line too.

Not same but similar, in the sense that you'll need chances/luck to benefit from both, however trading requires making research, reading charts and carrying out analysis to speculate the outcomes of the market while gambling might also involve carry out analysis but with the help of odds for predictions.
 The fact that they're almost similar in some aspect is the reason why people confuse both for being same. However they're more higher risky mode of making money and people who risk in them should be cautious about it.

[Showlove01]

The problem with a lot of investors is that they feel like volatility is the enemy, a force to reckon with, and so they sort for ways to outsmart volatility. But this is a flawed way to look at the market. First of all, market volatility is exactly what makes the market very unique and quite profitable, secondly, it's impossible to outsmart, so always trying to beat it would lead one to making costly mistakes. The best thing would be to just let it have its way in the market, and the best wa to do this would be to completely ignore short term market movement regardless of how tempting it might look. The best part about volatility is that it is only strong in the short term, but weaker within the long term, so focus on where it's more manageable and you'll be just fine.

It shouldn't suprise you, when people don't have full knowledge of a particular thing, they begin to wonder and come up with conspiracies which is some people think volatility is a big deal instead using it to their advantage. Some people mostly get scared when the market goes down but if they were aware that it's a very good buying opportunity I guess they won't worry.
 That's why people who's knowledge about Bitcoin investment is high, barely panic during dips but buy more or aggressively if their discretionary income allows them to, it's those ignorant ones that mostly worry, sometimes those who came for short-term profits too (traders).

There is what you must know about the market there are people who came for short-term investment why there are people who are there for long time altogether they are aiming at making profits from whatever investment they are doing, in fact most people do not really have that patient to watch the market and see how their initial investments drops instead they would be thinking of the market to continue growing to their expectations without them knowing that to every single drop of the market usually gives every investors or traders that opportunity to keep accumulating of their investments.

Opportunities should be taken advantage of but short term investment doesn't qualify as bitcoin investment, if a person really want to invest in bitcoin then their plans have to be long term and they wouldn't be spending their time trying to monitor and time the market, if a dip happens and they have the discretionary income to buy the dip with then they can take advantage of that dip to increase their bitcoin holdings but when they start monitoring the market and waiting for a dip before they can enter then their plan isn't investment but trading and this is an investment thread so it best to keep it that way and not start discussing about how traders trade, let's just stick to talking about bitcoin investment.

Having the long term mindset or mentality that doesn't stop or deprived anyone I mean an investor from monitoring or checking the market once in awhile and checking the market won't even make a determined investor to tamper with his or her investment because they understand and know why they  entered into investing for long term. But monitoring and waiting for Dip without accumulating gradually is a trader kind of thing and I don't advised that as someone can miss a lot of opportunities to grow their portfolio.

[Melody91]

Fortunately a friend of mine was a victim of similar mistake,seeing this post just triggered a quick reminder on how he later regretted,to him he failed to set financial boundaries,though his initial intentions was to establish a long term investment goal,but suddenly altered by selling at the expense of his investment,now his starting all over again with stages he crossed long time ago,but av dropped some piece of advice for him,telling not to use his investment as emergency plan to rescue tough time to avoid crying twice.

[Olatundespo]

As far as I have read and learned, investment and gambling are not the same thing. But yes, some people called investment gambling because when a person invests, he looks for a quick profit opportunity. He bought it thinking that the price would increase today, he sold it because he was afraid that the price would decrease tomorrow, and then he might go back to a higher price later. This is almost closer to gambling than investment, so many people compare this type of investment to gambling.

What you’re describing is Trading, long term investment is never the same thing as gambling, in fact trading is closer to being called gambling than long term investing because trading carry significantly higher risks than long term holding.
Anyone who buys bitcoin with the aim of getting quick profits, that person cannot call themselves an investor, they’re simply traders.

Trading is not actually same with gambling though many usually compare it to trading due to the risk in it and how easy it can be abuse easily . Many usually approach gambling and trading the wrong way , approaching gambling without the knowledge is like gambling with your money which is actually bad , such can even be worse than gambling , when it come to long term investment, it is far different from gambling , though is still risky and your money is on the line too.

Many folk compare trading to gambling, but their assumption is not completely meaningless because there are some coins that exist in the market and if a trader buys them without knowing about them, they can risk losing money. Considering the risk aspect, trading is riskier than gambling.

In gambling most gamblers are prepared to lose their bets. Gamblers bet with mental preparation and if they lose at that stage, they may easily accept it. A trader starts trading, whether due to inexperience or emotion, expecting high profits. But they cannot easily bear the loss due to sudden price drops because they believed those promoters and bought the coins.

Their risky trading attitude is that they use their capital only to make profits without thinking about losses. Without analyzing the market, due to social media campaigns they buy the wrong coins and thats prices soon fall.

[Lenubari]

Many folk compare trading to gambling, but their assumption is not completely meaningless because there are some coins that exist in the market and if a trader buys them without knowing about them, they can risk losing money. Considering the risk aspect, trading is riskier than gambling.

In gambling most gamblers are prepared to lose their bets. Gamblers bet with mental preparation and if they lose at that stage, they may easily accept it. A trader starts trading, whether due to inexperience or emotion, expecting high profits. But they cannot easily bear the loss due to sudden price drops because they believed those promoters and bought the coins.

Their risky trading attitude is that they use their capital only to make profits without thinking about losses. Without analyzing the market, due to social media campaigns they buy the wrong coins and thats prices soon fall.

I agree that trading can become similar to gambling when people enter the market without research or risk management. The biggest difference is that proper trading is supposed to be based on analysis, strategy, and discipline, while gambling mostly depends on luck.

Many traders lose money because they chase hype from influencers or social media without understanding the project they’re buying. That’s not investing, that’s emotional decision-making. A good trader should always prepare for both profit and loss, use risk management, and never invest more than they can afford to lose. So the problem is not trading itself, but the careless mindset some people bring into it.

[Proty]

Many folk compare trading to gambling, but their assumption is not completely meaningless because there are some coins that exist in the market and if a trader buys them without knowing about them, they can risk losing money. Considering the risk aspect, trading is riskier than gambling.

In gambling most gamblers are prepared to lose their bets. Gamblers bet with mental preparation and if they lose at that stage, they may easily accept it. A trader starts trading, whether due to inexperience or emotion, expecting high profits. But they cannot easily bear the loss due to sudden price drops because they believed those promoters and bought the coins.

Their risky trading attitude is that they use their capital only to make profits without thinking about losses. Without analyzing the market, due to social media campaigns they buy the wrong coins and thats prices soon fall.

I agree that trading can become similar to gambling when people enter the market without research or risk management. The biggest difference is that proper trading is supposed to be based on analysis, strategy, and discipline, while gambling mostly depends on luck.

Many traders lose money because they chase hype from influencers or social media without understanding the project they’re buying. That’s not investing, that’s emotional decision-making. A good trader should always prepare for both profit and loss, use risk management, and never invest more than they can afford to lose. So the problem is not trading itself, but the careless mindset some people bring into it.

Both trading and gambling depends on luck because no amount of strategy or analysis that will make trading not to be lucky based. Trading is very risky and it will be wrong to advise anyone to go into trading instead of long term investment.
Also there is nothing like good traders as you think but those you think are good traders also do lose money.

[Sally9256]

Fortunately a friend of mine was a victim of similar mistake,seeing this post just triggered a quick reminder on how he later regretted,to him he failed to set financial boundaries,though his initial intentions was to establish a long term investment goal,but suddenly altered by selling at the expense of his investment,now his starting all over again with stages he crossed long time ago,but av dropped some piece of advice for him,telling not to use his investment as emergency plan to rescue tough time to avoid crying twice.

Your advice is good but i just hope he takes it seriously and doesn’t repeat the same mistake again if not he will end up doing the same thing. His experience already shows how important backup funds are and I believe he has learned his lesson and he should try to be more disciplined this time around.

Many people struggle to stick to long term investment plans because of lack of consistency and proper planning. This usually happens when you don’t take care of their basic needs before investing and in the end it later puts them under pressure to sell when they have emergencies. To prevent this it’s important to settle essential expenses first and invest only what is left and also have an emergency fund so your investments will be safe.

[RealNoblee]

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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Interestingly OP
Because of the behavior of some coins in the crypto space, it's obvious that some persons, out of wrong attitude investment and lack of working knowledge, Bitcoin investment becomes gambling.

This can happens when one shifts his/her attention from a desired, long-term financial-building strategy to a short-term, high-risk investment due to craving for quick gains that is driven by wrong mindset and emotion rather than making researches to seek for guidance.

[Joeboy]

Interestingly OP
Because of the behavior of some coins in the crypto space, it's obvious that some persons, out of wrong attitude investment and lack of working knowledge, Bitcoin investment becomes gambling.

This can happens when one shifts his/her attention from a desired, long-term financial-building strategy to a short-term, high-risk investment due to craving for quick gains that is driven by wrong mindset and emotion rather than making researches to seek for guidance.

Bitcoin isn't like any other coins out there, and it also isn't a quick money scheme... Long term investment is only the most appropriate way of approaching Bitcoin... And that's coz it give folks the opportunity to learn, build their patience through experience, and also to understand more about Bitcoin while they are already involved in their accumulation... And when this patience and understanding is achieved through folks involvement, it tends to make it more easier to avoid any sort of investment mistakes...

[Loyang]

I agree that trading can become similar to gambling when people enter the market without research or risk management. The biggest difference is that proper trading is supposed to be based on analysis, strategy, and discipline, while gambling mostly depends on luck.

Many traders lose money because they chase hype from influencers or social media without understanding the project they’re buying. That’s not investing, that’s emotional decision-making. A good trader should always prepare for both profit and loss, use risk management, and never invest more than they can afford to lose. So the problem is not trading itself, but the careless mindset some people bring into it.

Trading is not a good decision at all, we can directly compare it with gambling without saying trading or we can say gambling. But now many people can say that trading requires a lot of learning and trading requires a lot of ideas. Yes, this is true, but luck is a big factor in trading. For example, if we bet on a small team in a football game and a big team, we know that the big team will win, but the big team often loses and we face losses, just like in trading. There are many big traders who also face losses. Instead of focusing on trading, focus on long-term investment, it will be good for you.

Interestingly OP
Because of the behavior of some coins in the crypto space, it's obvious that some persons, out of wrong attitude investment and lack of working knowledge, Bitcoin investment becomes gambling.

This can happens when one shifts his/her attention from a desired, long-term financial-building strategy to a short-term, high-risk investment due to craving for quick gains that is driven by wrong mindset and emotion rather than making researches to seek for guidance.

We turn our investment into gambling because of our mistakes. For example, if we start investing with basic knowledge, then if we focus on gaining knowledge along with investment, then this will be the right decision for me. We continue to invest without gaining knowledge and without taking the right measures to deal with risks and in the end we turn our investments into gambling.