Bitcoin trading and gambling which is safer?

[Boldfx]

On a general note I've been thinking about how many suicide committed by crypto traders when the bitcoin market price drops below expectation(beer market) because most times well known traders often receive support from friends,colleagues,family members and sometimes even other other traders believe some are more expert, and usually these same crypto traders when the bitcoin price rises (burron) these same said set of people are usually the ones with loudest sound of celebration
Gamblers on the other hand doesn't have much to complain about the rise and fall of the bitcoin price as they decide how much to stake on a bet and the proposed amount to be won is already known by the gambler this is to say professionalism, experience and luck will determine their fate, so they already have a 50 50 mindset except for irresponsible gamblers who might have made a borrow to gamble
Collectively the odd news about traders are more often than that of gamblers
Let me know your say on this and don't forget to drink more water and eat more of fruits than food.

[hmbdofficial]

On a general note I've been thinking about how many suicide committed by crypto traders when the bitcoin market price drops below expectation(beer market) because most times well known traders often receive support from friends,colleagues,family members and sometimes even other other traders believe some are more expert, and usually these same crypto traders when the bitcoin price rises (burron) these same said set of people are usually the ones with loudest sound of celebration
Gamblers on the other hand doesn't have much to complain about the rise and fall of the bitcoin price as they decide how much to stake on a bet and the proposed amount to be won is already known by the gambler this is to say professionalism, experience and luck will determine their fate, so they already have a 50 50 mindset except for irresponsible gamblers who might have made a borrow to gamble
Collectively the odd news about traders are more often than that of gamblers
Let me know your say on this and don't forget to drink more water and eat more of fruits than food.

I think to ask between bitcoin and gambling which is safer is not debatable the only reason why bitcoin trading should even come in is because of its volatility but if your are using The DCA strategy you will be able to avoid those short term loses. and that makes it much safer as compared to gambling.
For gambling once money is staked it is completely gone if bet is loss which is very risky. however, I think how you handle your emotions matter to both but bitcoin trading and gambling should be much safer as compared to gambling.

[Luzin]

I think trading Bitcoin is much safer. Bitcoin has been traded like stocks, with technical and fundamental analysis. It has a value, so the risk is much lower because it still has value even if the price drops, unless it gets delisted or is no longer traded. Legally, it is recognized. Then, from the perspective of certain religious beliefs that prohibit gambling, Bitcoin is risky but still manageable to learn. Gambling can be learned too, but if it's about guessing, we only rely on luck. IMO

[m2017]

We'll find out the answer to the question in the title based on which section this topic is moved to - trading or gambling.

I believe that trading and gambling are equally (very) risky activities. In fact, I've always put them roughly in the same category, as trading and gambling have a lot in common - high risks and a reliance on luck.

If you need something safe, choose investing.

[Fiatless]

Let me know your say on this and don't forget to drink more water and eat more of fruits than food.

Every trader should know that cryptos are volatile assets. So as they celebrate gains, they should also be prepared to endure losses. Traders should also decide how much they are willing to risk in trading. They should invest an amount that will not make them face financial problems that will lead to health problems or suicide.

Gambling and trading involve risk. But trading requires some level of skills to be successful. While gambling is highly luck-based.  People use a relatively small portion of their income to gamble, while trading requires significantly higher amounts.

[noorman0]

It depends on how much risk you're willing to take. Even without doing anything, Bitcoin's value is highly volatile. If someone says Bitcoin trading is safer, and then you risk all your money including what you should be spending daily, you're actually making it less safe.

Honestly, I don't understand the context of your question because you're using Bitcoin to compare which of the two activities is "safer." I thought you were asking a technical question.

[Hypnotizer]

Both trading and gambling are risky and they both require some level of expertise and luck, and nothing is much safer in any of them..as they both need you to take some level of risks.

Talking of trades that try committing suidice because of sudden market swings, mostly they take risks that are above their means or they trade with more than they can afford to lose, some people don’t have a certain level of emotional maturity to deal with failures and that’s why I think some people aren’t supposed to be trading crypto or gambling much.

Traders benefits from the volatility and likewise they’ll still lose from the volatility of what they trade, trading and gambling are two distinct things and none of them is safer, it totally depend on who the person is..

[IronRubleS]

On a general note I've been thinking about how many suicide committed by crypto traders when the bitcoin market price drops below expectation(beer market) because most times well known traders often receive support from friends,colleagues,family members and sometimes even other other traders believe some are more expert, and usually these same crypto traders when the bitcoin price rises (burron) these same said set of people are usually the ones with loudest sound of celebration
Gamblers on the other hand doesn't have much to complain about the rise and fall of the bitcoin price as they decide how much to stake on a bet and the proposed amount to be won is already known by the gambler this is to say professionalism, experience and luck will determine their fate, so they already have a 50 50 mindset except for irresponsible gamblers who might have made a borrow to gamble
Collectively the odd news about traders are more often than that of gamblers
Let me know your say on this and don't forget to drink more water and eat more of fruits than food.

To me the most healthy way is to be detached. Your mental health it cannot be worth investing in. Limit yourself go out of debt and do not allow profit or loss to make you who you are. And honestly your final suggestion is so good good sleep water and proper food are so much more than people understand.

[imthegreat]

On a general note I've been thinking about how many suicide committed by crypto traders when the bitcoin market price drops below expectation(beer market) because most times well known traders often receive support from friends,colleagues,family members and sometimes even other other traders believe some are more expert, and usually these same crypto traders when the bitcoin price rises (burron) these same said set of people are usually the ones with loudest sound of celebration
Gamblers on the other hand doesn't have much to complain about the rise and fall of the bitcoin price as they decide how much to stake on a bet and the proposed amount to be won is already known by the gambler this is to say professionalism, experience and luck will determine their fate, so they already have a 50 50 mindset except for irresponsible gamblers who might have made a borrow to gamble
Collectively the odd news about traders are more often than that of gamblers
Let me know your say on this and don't forget to drink more water and eat more of fruits than food.

Most often, trouble comes to the homes of large traders who are not careful and who don't trade on the spot market, but instead prefer long and short positions. I consider this gambling. The fact is that the spot market allows traders to maneuver and make more cautious and well-thought-out decisions.  Long and short positions, however, are unambiguous, like black and red in roulette, and this doesn't allow traders to create a more flexible position.

In reality, there are many analogies between gambling and trading. And I don't rule out the possibility that many traders manage their affairs worse than poker players, although it would seem that trading should always be safer. We are all responsible for our own choices.

[Charles-Tim]

Gambling is very risky, so if you are using your bitcoin to gamble, consider that you can lose all the bitcoin you are using to gamble. Also that is how trading is, most people are not good in trading. Both gambling and trading are significantly risky. As over 85% people are losing while trading, so are more percent of gamblers that are losing. The best is to just hold your coin.

[SPIDERMAN008]

Bitcoin is not for gamblers and traders. Although those who trade it like gambling. Bitcoin is a long-term investment. Where people hold Bitcoin for their future financial security. There is a high possibility of loss if they trade in the short term.

[Vaculin]

Both cannot be safe if you are trading or gambling blindly.

However, the rate of success and profitability is higher in bitcoin trading compared to bitcoin gambling. Traders only need to develop their skills and master their strategies, and of course trade when the market is favorable to trade, with that trading success is highly guaranteed.

But with gambling, one wrong bet ends up with an instant loss. Most especially if you are gambling with bitcoin, losing such valuable coin is always painful. Its better to stick with fiat when it comes to gambling, than risk your bitcoin and eventually regret after losing.

[The Cryptovator]

On a general note I've been thinking about how many suicide committed by crypto traders when the bitcoin market price drops below expectation(beer market) because most times well known traders often receive support from friends,colleagues,family members and sometimes even other other traders believe some are more expert, and usually these same crypto traders when the bitcoin price rises (burron) these same said set of people are usually the ones with loudest sound of celebration

No, I am not a fan of borrowing money from friends for trading, even if I am in critical situations. Because we don't know whether the situation will be worse or will be good. I will trade with the funds that I can afford to lose. It's the crypto market; we don't know what will happen tomorrow. Those are stupid who committed suicide for the Bitcoin price drop. They should be aware of Bitcoin's volatility and take steps accordingly. Shouldn't gambling with Bitcoin anyway.

Gamblers on the other hand doesn't have much to complain about the rise and fall of the bitcoin price as they decide how much to stake on a bet and the proposed amount to be won is already known by the gambler this is to say professionalism, experience and luck will determine their fate, so they already have a 50 50 mindset except for irresponsible gamblers who might have made a borrow to gamble
Collectively the odd news about traders are more often than that of gamblers
Let me know your say on this and don't forget to drink more water and eat more of fruits than food.

As I said above, whether it's for gambling or trading, I never want to borrow funds. And if comparing gambling and trading, then definitely I will choose trading. In gambling you lose everything if you lose, but for trading at least you are holding Bitcoin, and it could recover anytime. At least you won something that is possibly recoverable, and the history is witness.

[Cryptomultiplier]

You can't compare Bitcoin trading with gambling if you are considering a route of which to invest in.
Bitcoin trading might be high stakes for many who don't vibe well with trading and that's why Bitcoin holding using DCA strategy of investment is much more adviced instead of trading and having to deal with all the emotional stress and volatility that hits the headlines everyday.

[MusaMohamed]

No, I am not a fan of borrowing money from friends for trading, even if I am in critical situations. Because we don't know whether the situation will be worse or will be good. I will trade with the funds that I can afford to lose. It's the crypto market; we don't know what will happen tomorrow. Those are stupid who committed suicide for the Bitcoin price drop. They should be aware of Bitcoin's volatility and take steps accordingly. Shouldn't gambling with Bitcoin anyway.

As I said above, whether it's for gambling or trading, I never want to borrow funds. And if comparing gambling and trading, then definitely I will choose trading. In gambling you lose everything if you lose, but for trading at least you are holding Bitcoin, and it could recover anytime. At least you won something that is possibly recoverable, and the history is witness.

Use our own money, pocket money will help us at least are fully responsible with our money and life that also makes our mentality stronger than people who take loan for doing anything. With loans, they will have pressure of loan expirations, then loan repayments, and how to get money for at least their loan repayments. It forces them to be more active in the market, and increase their wrong actions that turn them from Spot traders to Margin or Futures traders and even with very high leverage. Borrowing money for trading is like a worst start for their trading career.

We all have our mental threshold and we even don't know where it is before we face with it, deal with it and get result as win or loss. Our money is precious and we must protect our money as best as possible rather than trying to take high risk for likely high yield and eventually losing all initial money or even other assets used as loan collateral.

[Strongkored]

What I understand from your post is that you're comparing very different things. Traders are clearly very happy when Bitcoin rises because they depend on it for profit, while gamblers use Bitcoin as a currency, so whether it rises or falls isn't their focus or what they'll be happy about, because winning is the goal. Imagine Bitcoin rises but they lose their bet, so they get nothing.

[Bluedrem]

Those who do not have the slightest idea about Bitcoin are the ones who are basically afraid of the decrease or increase in the price of Bitcoin. If the above-mentioned anti-Bitcoin people somehow understand that an investor is losing money in Bitcoin investment, then they start criticizing that investor even more so that he loses confidence in Bitcoin. But it should be remembered that Bitcoin is never stable, it will increase and decrease in value, that is, we can consider it as a profitable asset, in which case if we can buy Bitcoin at least in a minimum amount, we may be able to become wealthy from this minimum Bitcoin in the future.

[aoluain]

A lot of people wouldnt differentiate between the two 'disciplines', wouldnt trading be a form of gambling?

There's a comparison between sports betting analysis and market chart analysis, the more you do and the
more experience you get the better the results - theoretically?

As a newbie both ventures can be either loss or profit making.

All things considered, one is as safe as the other...

[letteredhub]

We'll find out the answer to the question in the title based on which section this topic is moved to - trading or gambling.

It would be the trading section.

I believe that trading and gambling are equally (very) risky activities. In fact, I've always put them roughly in the same category, as trading and gambling have a lot in common - high risks and a reliance on luck.

The two are quite risky to say the least, but if nothing else, one in the their two must be more riskier than the other base on what can serve as advantage towards making profit between the two.

As some persons may argue that with trading you can be make success base on the knowledge and experience you've built over years which doesn't have to be predominantly depended on luck, unlike gambling which luck makes the difference in all games.

If you need something safe, choose investing.

So true with investing, your chances of profiting through investing is massively higher than any chance of losing, particularly in bitcoin.

[dansus021]

Nothing safer when you too greedy haha, but in my opinion trading is much safer when you dont play with the leverage and play it safe especially if you are long hodler. Maybe in the news people suicide because they overtrading and over leverage, or simply too greedy.

Asset like bitcoin or gold in theory is "Up only" for long term while gambling is 50.50 chance.
But crypto and gambling is on area that consider as High risk haha