Bitcoin trading and gambling which is safer?

[sokani]

<snip>
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

I don't understand why you would say gambling carries a lesser risk than trading. Haven't you heard of people who lost everything while gambling? In an attempt to recover their losses, they kept funding their account and chasing their loss until they got to a place of no return. They run into serious debts and even commit suicide. Gambling is as risky as trading, and caution should be applied when one ventures into any of them.

[Lembo69]

Trading is safer than gambling, the reason is that gambling depends on luck. And trading on your skills, so in my opinion, trading is much safer. Yes, it happens that many people commit suicide when the market is in a bad mood. But do you know why they actually commit suicide? Those who commit suicide are the ones who come to trade with loans. However, there are many traders who are wandering around without thinking even after losing a lot of money. Because they did not borrow.

Now if we talk about gambling, then you have to be careful with gambling. The reason for this is that if you gamble, you will either get double the profit. Or you will lose your maximum. Therefore, trading is much safer than gambling.

[Yorubek]

I think trading and gambling are both very risky, making money by trading is not an easy way, you have to gain proper knowledge about trading first, you have to gain skills about market volatility, you can't get frustrated and you can't enter the market too quickly, you have to enter the market at the right time and exit the market at the right time, this whole thing is not easy at all. There is a high chance of losing all your money by forgetting a little while trading. There is a high chance of losing money due to small mistakes in trading.

it is very difficult to make money through gambling, if the main purpose of gambling is to make money, then the end can be very bad. There is a lot of pressure through gambling that not everyone can take, and gambling cannot really make the kind of profit we imagine, we have to rely on luck to win, if luck is good, we can win. The possibility of losing money through gambling is relatively higher than making money. So I think trading and gambling are both very risky.

[Dunamisx]

How can we be comparing bitcoin trading to gambling, they are not the same and does not even show any similarity to an extent, because some are trading and then later found out to be in loss should not mean that we can draw a conclusion that trading is somehow appearing as if we are gambling, because he's an investment which we do in exchange of currency pairs while gambling is just all about fun and we risk our money on them both.

[Joy_learns_crypto]

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.

Drinking water and eating fruit is also not safe when you don’t do in right or you do it too much because nothing is too safe and if you do it without discipline you will see that it’s not safe.
I have gambler more than trading but even gambling with discipline I know that I could lose some and a seasoned trader will also know that sometimes he will not make profits.

[snowpega]

It is so obvious that gambling is very risky, so this is not recommended to those people who care about their well-earned money, and if anyone is the one who doesn't care about their money and use his hard earned money, then I will call such a person stupid. Using hard-earned money on gambling is just like you do not respecting yourself and your hard work. Well, this is my point of view. Many of you may agree with it, and many will not. What do you guys think about it?

Other than this, if we talk about trading, then in my personal opinion, only those people should do trading who have the best knowledge of this space. As for trading,g one needs to have good knowledge about TA (technical analysis) and FA (Fundamental analysis). If you are the one who does not have much or sufficient knowledge about the crypto space, and you are still doing trading, then you are still gambling with your funds in my opinion. Trading demands a lot of things if one wants to be a successful trader. As it requires emotional control, control on your greed, keep up to date about all the things happening in the market, News, Risk management strategies, fund management, and many more. DYOR!

[Donk1]

Well first of all in my perspective I like to believe that should never be comparison among gambling and trade because they are both different. Like basically they have only one thing in common and that is high risk but even at that, a trader has more chance of success than a gambler. Why Because traders operate on psychology, analysis, and so many other strategy just to trade, while gambling is basically all about luck.
That said it all determined by the individual as not all folks has the patience to build their psychology of trading. Basically those set of people are looking for quick money so yeah gambling would be best for them though there is no guarantee of winning or losing still if those set of folks try to trade they will end up losing a lot of Money for sure because  the market doesn't run on luck it runs on proper analysis indeed losing to the market will definitely cause them to be depressed. Overall between gambling and trading is definitely up to an individual mind set ,character, Aim, and psychology that would determine which is beat for them.....

[treesintheforestooh]

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

That's going to be really difficult!

Joking aside, I think both "gambling" and (Bitcoin) "trading" are near equal in terms of the mental health people feel around it.

[Asuspawer09]

Bitcoin is safer than gambling as long as you know what you are doing, if you are just going to invest on Bitcoin for long term or Dollar cost average it, it wasn't even going to be compared on gambling even though we can say that the crypto currency volatility is high, or we could say that Bitcoin is just a digital currency no tangible asset, prices is just going to depend on supply and demand so it wasn't guranteed to win like gambling, but I surely going to disagree with that since we can already see the Bitcoin history, we can see how the market price increases through the years, and it's adaptation globally.

We could argue the all of the investment is taking a risk, but the crypto investment like Bitcoin is only going to be similar to gambling if you are not doing it the right way, If you are doing future trading without any kind of knowledge or research you dont know what you are doing, or your just doing it the very risky way for sure it is going to be similar to gambling since future trading is leveraging, and on that part you can get liquidated easily so it was like betting high risk, high reward, betting to long and short.

[yixichloro2xx]

‎Well both are risky, but they are not the same. Gambling is works with luck, which makes your winning chances 50/50, at times you might lose more than you win. And there's no strategy that can be used which will give good returns.  With Bitcoin trading, at least the risks can be managed if  you have a good plan, and you disciplined. You can study trends which can make your confidence of profiting increase. But you can lose your money if you trade blindly. That's why I often suggest long term investments instead because theres safety in that one especially if you use your DCA funds.
‎

[0x000369]

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

@Boldfx
lol so much melodrama there op
people losing money in anything can feel like that if they go all in and leverage their grandma's house
it's not exclusive to "traders" or "gamblers"
it's about financial irresponsibility and greed plain and simple

the difference between trading and gambling is intent and information
a real trader tries to understand markets fundamentals technicals on chain data
a gambler just rolls the dice and hopes
most of what people call "trading" especially with meme coins or highly leveraged futures is just gambling with extra steps anyway so your point about traders being like gamblers isn't far off for the average degen

but to say one is inherently safer
that's just dumb
both can rekt you beyond belief if you're a moron with your money
bitcoin itself is an asset that tends to appreciate over time if you just hodl it and don't touch it
gambling is a zero sum game for the house always
so if you're talking about basic long term bitcoin spot holding versus casino games then bitcoin wins hands down but that's not what you're asking about
you're talking about active trading vs active gambling

and for your health advice
drink more water eat more fruit
good luck with that when you're staring at a margin call
priorities op priorities

[Hamza2424]

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

I have not gambled yet, but I know what it is, and how to win money and sometime it is easy money but the game is designed to take from you but also to give you little so you keep adding more and more. But, I will go with bitcoin trading. Instead prefer bitcoin investing.

Because in gambling, your chances of profit are 50 50 then why take the risk at all bro, invest in bitcoin for long term, and sit back and enjoy the flight. It's not like you’d do gambling just to cover your daily expenses, right?

Same goes with bitcoin, If you want to take risk and increase your wealth, then bitcoin investing or trading anything you prefer is the best way to do that.

[Callido]

I don't understand why you would say gambling carries a lesser risk than trading. Haven't you heard of people who lost everything while gambling? In an attempt to recover their losses, they kept funding their account and chasing their loss until they got to a place of no return. They run into serious debts and even commit suicide. Gambling is as risky as trading, and caution should be applied when one ventures into any of them.

Both are connected by risk, we lose on both sides. The comparison isn't necessary, what about those traders that still gamble, they should be bankrupt by now. All trader and gambler must be experienced to portion the amount they can spare to either trade for profits or gamble for fun or for those who may consider profits as their actual goal. Everything lies in the hands of the gambler and trader, if the funds are well placed on other, nothing seems to be the issue.

[RockBell]

<snip>
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

I don't understand why you would say gambling carries a lesser risk than trading. Haven't you heard of people who lost everything while gambling? In an attempt to recover their losses, they kept funding their account and chasing their loss until they got to a place of no return. They run into serious debts and even commit suicide. Gambling is as risky as trading, and caution should be applied when one ventures into any of them.

What people need to understand is that you cannot compare the two i think the both of them is very risky but it is better for me to trade than to gamble, people are always underestimating how dangerous gambling can be and instead of gamblers to channel that energy into trading because no matter how bad it is the risk in trading can be controlled compare to that of gambling and when it comes to the preferable one I will gladly prepare and recommend for people to trade because I feel people even lose more money in trading than in gambling so and what can happen is for them to be emotionally prepared and which ever the prefer is actually fine.

[Japinat]

Bitcoin remains a valuable investment for me, so I don't use it to gamble because if it ends up a loss, that would ruin my bitcoin investment portfolio. I would rather stick with fiat when gambling knowing its value only depreciates in the long run.

However, with bitcoin trading, you know its safer when you know in yourself you have undeniable trading skills and potentials, but if you are only trading because of peer pressures, you are just putting your bitcoin at risk, and any time you will lose your bitcoin and you can't do nothing about it.

[Ndabagi01]

Bitcoin trading when practiced well can be used to apply the best method to stand at a profitable edge in the market. Trading is skill based and when you’ve applied the right knowledge into your trading, you’ll find it not looking complex and be at a high chance of profitability more than you can even imagine. Bitcoin trading is a safe investment when managed well and risked within your limits. Trading can only be a less safer investment when misunderstood and not managed well.

Gambling is a game of luck, and it feels to be very much what people use as a means to get rich quickly. Since it’s a luck based game, not so many people are even willing to learn the basis of it and also practice and use a manageable approach to it. When you apply a proper risk management system, you stand at a very good chance of getting success through trading but when not handled well, it will simply be related to a pump and dump situation, where your chances of getting it right are minimal.

[Rengga Jati]

Let's return to the definition and how we approach both. Both Bitcoin trading and gambling have risks, but some are measurable and some are immeasurable.

Check out the image here; this is a general overview, or at least a general overview, of the differences between Bitcoin trading and gambling. This explains why the two are quite different. And in summary, Bitcoin trading should be safer than gambling.

Trading vs Gambling

Again, this is a general overview; it should be like this. However, in practice, it also depends on each individual. Everyone should have a measurable risk management plan to minimize losses.

[Lida93]

How can we be comparing bitcoin trading to gambling, they are not the same and does not even show any similarity to an extent, because some are trading and then later found out to be in loss should not mean that we can draw a conclusion that trading is somehow appearing as if we are gambling, because he's an investment which we do in exchange of currency pairs while gambling is just all about fun and we risk our money on them both.

A person can be trading without knowing what he's doing, no analysis that guides his entry into the market and didn't even place his SL and TP, such scenarios the trader  can be tagged as gambling with his funds. So there are traders that gambles with their funds in the name of trading. Still that being said it doesn't put trading and gambling in same level. Though they both involve risk taking, greed can also be found from its actors but they're of a different world.

[Kelvinid]

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.

Right indeed. Both can be equally risky and not safe especially if you are still a beginner trying to process out which can easily gain profits. But if you learned from the experiences of early bitcoin traders and gamblers, they will not tell you to rush on it so you won't regret the aftermath.

The only safer way is when you buy bitcoin and hold it for long term. No trading or gambling, just focus on accumulating bitcoin and filling up your target bitcoin portfolio.

[Josefjix]

You cannot tell to who is loosing or gaining more because the both gambling and trading are very risky and causes heavy decline in funds  as far as I know,

I can't tell the ones that are safer than anothers but the best option to use tackle all these two especially in this bear season period is just holding while stopping in gambling and trading.

Doing that will literally safe a good and responsible trader and gambler for Christ sake.