Bitcoin trading and gambling which is safer?

[boyptc]

If you like to gamble and just want to have some fun then, you know what's the best choice for you but it isn't safe.

The same goes for trading, you want to make some money and that's not even safe too. What's safe is if you want to benefit from this market for so long, then investing or holding is your safest option.

You'll not be against the other people which happen to be in trading and also in gambling games of your choice.

But either of the two, it's known that both have their risks upon taking.

[Nothingtodo]

Gambling and trading both systems depend on how much risk you can take. If you take more risk while trading futures, of course you will take more risk. In this case, the amount of your loss will be uncertain like gambling. Again, in the case of gambling, if you bet with a past amount of risk, then you have lost. In other words, no matter what you call gambling or trading, if you can take the risk and accept the loss, then both are the same system.

[Moreno233]

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

Gambling is safer for me than trading Bitcoin because in gambling, I can build from small money to something big but this is not possible in trading Bitcoin. Secondly, I can easily get 2 to 3 odds in gambling and place bet on them with high probability of winning but such is not possible with Bitcoin trading since you cannot predict the Bitcoin market easily and the volatility of Bitcoin can even make a trader get burnt before the market continue moving in the direction he chose.

[coupable]

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.

They are both based on pure lack, but one is less riskier than the other. If I have to choose, I think most of us will go with trading than gambling. But honestly I see both of them as unproductive activities. Methods to get money just by investing in money itself. Bitcoin wasn't designed to be a trading instrument.

[IndianLeverage]

I m not sure

[ThemePen]

Social push and ego tend to be separating things between crypto trader and gambler because first are thought to be experts while second tend to be okay with risk of loss. When market is booming, traders enjoy wild praise yet when market goes down, they tend to be silent losers since losing is like losing self.pride and losing rank. This loneliness may cause brain health troubles, plus fact that crypto market is open 24/7 and never gives one chance to take break. This worry can actually be helped by keeping healthy body through drinking water and eating fruit as good food can make sure that brain deals with stress chemical and makes better decisions when money goes down. Finally, most useful way to make it through good and bad moments of crypto business is to not to tie your self.value to amount of money you have in your wallet.

[Awaklara]

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

Trading and gambling are risky activities. Trading can be safer than gambling, and vice versa. It all depends on your approach and level of understanding of both. You should also read more news about gambling addiction so you can understand the major risks behind it. Trading is not much different, because there are traders who get so obsessed that they turn trading into a gambling table that leads to addiction.

[Swordsoffreedom]

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

Gambling is safer for me than trading Bitcoin because in gambling, I can build from small money to something big but this is not possible in trading Bitcoin. Secondly, I can easily get 2 to 3 odds in gambling and place bet on them with high probability of winning but such is not possible with Bitcoin trading since you cannot predict the Bitcoin market easily and the volatility of Bitcoin can even make a trader get burnt before the market continue moving in the direction he chose.

Both can lead to losses and even the loss of everything. Therefore, it can be said that both carry risks, and the level of risk will depend on the participant

If a trader trades Bitcoin based on emotion and high leverage. Meanwhile, gambler know how to control their emotion and greed, and know when to stop. Clearly, trading is riskier than gambling in this case. Conversely, if we trade according to a plan, with discipline and good risk management. In this case, gambling is riskier than trading

Risk is not entirely determined by the tool used, it depend on us and how we use it. Everything depend on us, do not blame them if things do not go as expected

[Solokan]

Your topic is also good because what is happening in this world is that there are gamblers, but they are prepared to take the risks. There are also those who trade or invest in BTC who are prepared to take the risks. This is a good thing because BTC investors, or those who trade in BTC, and gamblers are prepared to take the risks. And of course, there are also those who invest in BTC, trade in BTC, and gamblers in BTC who are not prepared to take the risks. This is wrong because everything carries risks.

In my opinion, trading is safer than gambling because gambling relies more on luck and is always filled with high speculation. Meanwhile, in my opinion, trading is safer than gambling, but the mistake is those who are not prepared to take the risks and always use money they can't afford to lose.

[Nahl]

In fact majority crypto gamblers doesn't really care about the development of bitcoin besides that they didn't really concern about the prices because in their mind it is simple thought that when they want to gamble immediatelly these people will bought crypto and used it for gamble and if they won it usually they will cash it and never save crypto for long term but the difference for the trader is because for everyday they were involved to the market and the reason is they want to make a profit even some people have dare to make trading as their main job and if we talking about the risk certainly both are high risk activities but the difference is gambling rely on the luck but in trading experience is really matter because more experience the trader faced up the market condition automatically their chances to earn profit is quite high but do not forget too trading without knowledges is similar to gambling

[Danica22]

They are both based on pure lack, but one is less riskier than the other. If I have to choose, I think most of us will go with trading than gambling. But honestly I see both of them as unproductive activities. Methods to get money just by investing in money itself. Bitcoin wasn't designed to be a trading instrument.

Bitcoin was also not designed to be an investment asset. Satoshi created it with the primary goal of making it a peer to peer currency. But we turned it into an investment, speculation aimed at getting rich quickly. Therefore, there is nothing wrong with someone using it as a trading tool.
Bitcoin symbolizes freedom and is a versatile tool, everyone has the right to use it for their own purposes.

When it comes to trading and gambling, the lines between them are very thin. Even if you choose to trade, but if you trade without knowledge, based on emotions and luck, you are still just gambling.

[X-ray]

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

My first hand experience, gamblers usually know what they are doing, exactly what you stated above. They know it's 50:50 and they know the result can either be a lose or win. They are doing it responsibly.

Bitcoin trading should be the same but since 2024 there has been surge of new traders and these new traders can't differentiate between spot trading and future.

The main culprit is future trading, with future trading, the odd of winning is abstracted away in the name of leverage. When people used 2x leverage, it's still fair 50:50 chance of winning, more than that the odd reduced dramatically but it was never disclosed clearly to begin with misleading newbie into thinking that they still have 50:50 chance of winning although that is not true.

Take an example of 20x leverage, a 5% price move could liquidate the position, realistically the odd of winning is sitting in the range of 1-5% yet it got abstracted away and was never disclosed. If people knew with 20x leverage their chance of winning is mere 5% they'd stay away from it.

[ColdLava40]

You are asking a question about two different things.. people often call trading gambling but it's not. Traders are not gamblers. They plan execute and manage their finances in a much better way than the gamblers.

Just because the market has been unfavorable doesn't make it a stupid or something.. an experienced crypto trader would know that the market has to undergo what we call cycles.

bitcoin tried to outrun it's cycle due to fundamentals and other external impacts, but if still came back crawling.

We just have to ignore this down times and remember when the market was all green and put smiles on the faces of many. This will determine our long term growth as bitcoin investors.

[coupable]

They are both based on pure lack, but one is less riskier than the other. If I have to choose, I think most of us will go with trading than gambling. But honestly I see both of them as unproductive activities. Methods to get money just by investing in money itself. Bitcoin wasn't designed to be a trading instrument.

Bitcoin was also not designed to be an investment asset. Satoshi created it with the primary goal of making it a peer to peer currency. But we turned it into an investment, speculation aimed at getting rich quickly. Therefore, there is nothing wrong with someone using it as a trading tool.
Bitcoin symbolizes freedom and is a versatile tool, everyone has the right to use it for their own purposes.

When it comes to trading and gambling, the lines between them are very thin. Even if you choose to trade, but if you trade without knowledge, based on emotions and luck, you are still just gambling.

But what kind of knowledge are you referring to in trading. The kind of knowledge in trading is no difference than the knowledge in gambling, especially in sportsbetting in which gamblers pretends to be wiser than others. Imo, trading and gambling, they are two faces of the same coin.

Satoshi designed bitcoin to be a peer to peer cashless system where we have a currency and a payment model. Treating bitcoin as a commodity only leads bitcoin to be mainly a trading instrument rather than benefeting from all major features.

[asrinur]

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.

no i dont think bitcoin trading is safer then gambling to be fair if a gambler put money in to make a quick flip the loses money instead them is like them sitting in a casino doing the same thing. does it hurt real time investors more when bitcoin drops yes cause they have a long term investment in it and would lose much larger amount of money.

[Furball808]

I have heard more gamblers who end up too depressed and end up passing away sometimes due to illness or self inflicted. To me there’s no “safer” generalization because either can cause you distress if your mindset, your strategy and your execution are all wrong from the start.

[FortuneFollower]

I have heard more gamblers who end up too depressed and end up passing away sometimes due to illness or self inflicted. To me there’s no “safer” generalization because either can cause you distress if your mindset, your strategy and your execution are all wrong from the start.

If you did your research well - there will be no such amounts of anxiety to act so harshly.. Or losses to act on em, because there will be less of them in general.

[Hewlet]

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.

How much a gambler is exposed to risk is almost in the same proportion to the way a trader is exposed to risk only that a gamblers risk is higher than that of a trader because it is quite easier to minimize trading risk than it is to minimize gambling risk. For an overall long term profitability, neither trading is better than gambling because they are both risky. it is safer to stick to investment which is one thing that is sure has a limited exposure to risk

[hero_the_bossman]

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.

How much a gambler is exposed to risk is almost in the same proportion to the way a trader is exposed to risk only that a gamblers risk is higher than that of a trader because it is quite easier to minimize trading risk than it is to minimize gambling risk. For an overall long term profitability, neither trading is better than gambling because they are both risky. it is safer to stick to investment which is one thing that is sure has a limited exposure to risk

Gambling is just much more catchy for the psyche and the mindset of the person.. It has everything to be that While trading is only candles, analysis, and the desire to get more..

[Smartvirus]

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

You don’t need to be a trader to be affected by the volatility with Bitcoin price. You can be a hodler and when the price dumps like it is now, you definitely wouldn’t be smiling much except you are about accumulating and building a portfolio.

However, you really shouldn’t be affected by these things, it really doesn’t matter that price dumps if you are very familiar with how volatile Bitcoin can actually be and you are well aware that it would pump so, why being suicidal.
People just let what’s unnecessary ruin their life.

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.

Different strokes for different forks you know, you don’t have nothing to complain about the price of Bitcoin except you are actively gambling with Bitcoin, that could be of a little concern.