Bitcoin trading and gambling which is safer?

[r_victory]

In terms of profitability, Bitcoin wins hands down; I believe there's no comparison between the two. Bitcoin is an asset, it's an investment, gambling is not. Gambling is based on luck (most of the time, some believe there are strategies, I won't discuss that), trading is not based on luck, and not only with Bitcoin, but with stocks as well; we have more examples of successful people in this type of activity than in gambling. If your goal is to create "wealth," Bitcoin is the best and safest option.

[Transylvanian]

It is an open secret that in gambling, at least, there is no way of knowing beforehand what will happen, whereas in the case of trading, many individuals believe that they have the ability to manipulate it. Actually, the most significant issues in both instances are emotion control and risk management. Your money should not be stored where it will cause you to mentally breakdown in case you lose it. One should not over personalize either profit or loss, it is a part of the market. There is another one, the fact that requesting assistance is not a sign of weakness. Provided that a person feels that they cannot cope with the pressure, it is highly possible that the conversation with friends or relatives would prove to be of great help. The result was good, when the body and the head are in a good condition, then the decisions tend to be good.

[Versatile_choice]

There is another one, the fact that requesting assistance is not a sign of weakness. Provided that a person feels that they cannot cope with the pressure, it is highly possible that the conversation with friends or relatives would prove to be of great help. The result was good, when the body and the head are in a good condition, then the decisions tend to be good.

You made a very good point here, requesting assistance is not a sign of weakness rather they just want to be sure if they are doing the right thing moreover there are some areas that might look very technical in the view of others and if they feel that they can't scale through of course they have every right to request for assistance instead of forcing things especially when it has to do with money, some guys would like to be 100% sure if they are doing the right thing by requesting for assistance so whenever I see people doing such, I don't just see them as weak people rather they lack self confidence.

[demonica]

Both are high risk and kinda the same but at the same time different. But if the only choices are these two, I would say that trading is safer. Only if you know how to trade and have the knowledge already. Cause unlike in gambling that is based on luck, trading needs analysis and risk management. Also in gambling, the house always have the edge, but you can have an edge in trading.

But the thing is, trading can become a gambling once you start trading with no plans, no proper analysis, doesn't know how manage the risks, and when you let your emotions gets into you while trading.

[mirakal]

Both are risky and could lead into instant losses if you are trading or gambling with bitcoin blindly. So personally, the safest choice is just to remain investing with bitcoin and just sell it when its price has definitely reached another all time high.

However, if you insist it doing, I would just stick to trading. Despite its high risk and unpredictable outcome, bitcoin trading is highly profitable if you know how to trade and when to make bitcoin trading favorable to the market.

Just trade at your own risk, and trade at a good price, then you will never be wrong there. Take note that as long as the market remains volatile, it creates substantial gains, and at the same time resort into potential losses if you are trading the wrong way.

[GeorgeJohn]

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.

Trading is not safer that holding of bitcoin for long-term, as you said, Trading is more risky than holding of bitcoin for long-term, theirs advantages in holding bitcoin than Trading bitcoin...The risks that is involve in trading is ambiguous....

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.

It's necessary to ask a complicated question...especially technical question about bitcoin....because without asking you will not know. When bitcoin is on bearish, they most be a series of questions from both freshers in bitcoin and experienced bitcoiners..

[Miles2006]

There’s no word safe when money is involved especially a staked amount in return of profit, trading or gambling is considered risky no doubt you don’t get to determine both outcome well but, trade is different in other words you just need the right analysis, skill and market knowledge before benefiting yet profit is not certain likewise gambling. On a serious note, if I’m asked to decide I will say both are risky and trade is considered higher compare to gambling because you can easily determine wins and not totally base on luck.

[serjent05]

To answer the question of @OP which is written on the title, I always think that Bitcoin trading is safer than gambling.  Bitcoin trading has patterns, hints, data, and cycles that can be use to predict the price with more accuracy than bettin in a gambling platform.

Bitcoin trading, even if the price dips today, there is always tomorrow that can record new prices and new trends, while gambling will always be dependent on the random result and once the bet is cast, there is no backing out unlike in trading, we can always back out by selling even if it is just bought making us recover funds with lesser losses.

[nakamura12]

In my opinion, trading is much safer than gambling because in gambling that once you bet the amount a gambler used in a bet and lose then the amount will be not back to the gambler. For trading, the amount may be less than what it was before but at least there's still left so, I would say that gambling is not much safer than trading although both still have some risk but the level of risk is different from each other and gambling is the one that is higher in level in risk.

[Hazink]

Both gambling and trading are risk, but where we have more risk is gambling. Once you lose, you have lost it in trading, you still have little chance to recover it and there is an option for you to apply safety, unless when the person goes into derivative trading, that's when they will be playing with there capital more than those who are gambling as there desire for high profit won't allow them to good stop loss position.

[casey15]

Hmmm there is no one safe. Both comes with their own form of risks which may look similar hence the comparison. One thing is that nothing good comes easy. Not a lot of people are able to be patient enough to learn and study the market and trade well that is why when they fail, they start comparing it to gambling and call it a scam. Trading requires a lot of discipline and input it to you that you are more likely to lose money trading that gambling when you are not disciplined. We always say that  you should rush what you can afford to lose, it is applicable to both gambling and trading. Trading requires skill and when mastered can pay you for a lifetime unlike gambling that still requires a number of luck.. none is safer you just have to choose your own risk

[Makus]

Trading bitcoin is much safer, even though there are some similarities between them like risk taking there is still a lot of difference between them and in the long run you can be successful from trading more than gambling. Trading bitcoin has a set of rules that you are meant to follow and with adequate knowledge you have more advantage and you can always use stop loss as well. Gambling is totally different, even with what you know you can still end up losing because there are no rules to it and anything can happen at the end of the day.

[Bd officer]

Although both trading and gambling are risky but both are different which should not be compared with each other. Now if you place a bet then you will either win or lose, here you have the risk of losing your entire money. On the other hand if you do spot trading then here you do not have the risk of losing your entire money and there is a chance to recover. So here it is understood that trading and gambling are two different things, both have different characteristics. If you have an idea about trading and can analyze the market then you can profit, but I think gambling depends entirely on luck. So here I want to say that trading in Bitcoin is safer than gambling.

[Alone055]

In terms of profitability, Bitcoin wins hands down; I believe there's no comparison between the two. Bitcoin is an asset, it's an investment, gambling is not. Gambling is based on luck (most of the time, some believe there are strategies, I won't discuss that), trading is not based on luck, and not only with Bitcoin, but with stocks as well; we have more examples of successful people in this type of activity than in gambling. If your goal is to create "wealth," Bitcoin is the best and safest option.

Strategies don't work in gambling, especially if we are into casino games. People call betting patterns, such as martingale, strategies when they are not. You are basically just changing your bets and hoping that you win when you have switched your bet from lower to higher, but that doesn't mean you have strategized and now you have higher chances of winning, if you are playing dice, you still have 49% chances of winning for 2x odds, so it's not something we can call a strategy, and people who use these patterns tend to lose more money because you have to experience a loss streak at least once in every session.

So, anyone who knows a little about trading and a little about gambling would never compare them in the first place. Some might say that sports betting can be like trading somehow, but that's also incorrect, because even in sports betting, luck plays its role, and even the ones who should win based on their rankings and everything end up losing sometimes. There are no charts, no patterns, and only fixtures and statistics in sports that one can observe but they can't give you clear ideas, and it can definitely not be like Bitcoin where we know that it goes up in price eventually based on how its volatility works.

[Pi-network314159]

Trading and gambling are very risky if you ask me, but however i think that gambling is more riskier when it comes to compearism. even though i am not a good trader but i still think that gambling is more risky. in gambling if you loss you lose entirely but in trading, if  you trade and lose you dont lose entirely. so in conclusion to this question, trading is more preferable compared to gambling.

[philipma1957]

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.

in theroy trading is safer than gambling.

[Iranus]

Trading and gambling are very risky if you ask me, but however i think that gambling is more riskier when it comes to compearism. even though i am not a good trader but i still think that gambling is more risky. in gambling if you loss you lose entirely but in trading, if  you trade and lose you dont lose entirely. so in conclusion to this question, trading is more preferable compared to gambling.

You can still lose everything and even go bankrupt with the trade. In trading, if you manage risk poorly, use high leverage, and trade based on emotion. In that case, the risk you face are no different from gambling, or even worse, because you think you are trading rather than gambling.

It would be a mistake to say that trading is gambling, but trading does indeed involve risks no different from gambling. And risk management depends on us, not the market

If you go bankrupt because of gambling, it is your fault for not controlling yourself and not knowing how to manage risk. You can not blame gambling, and similarly, if you make a profit from trade, it is because you managed your risk well.

[atookz]

Trading and gambling are both risky, although these risks are caused by various things. A trader should be able to control analysis and indicators, and could attribute to experience. In case of a market fall, a trader has an option of holding or selling. In gambling however, after a gambler has made a bet then he or she does not have any control over the result and the result of the game is dictated by the game. Therefore, when questioned about which one is safer between the two, I would definitely say trading as compared to gambling.

Nevertheless, in a general sense, the issue of whether it is safe or not can be resolved by merely bringing up the activity itself. The safeness is achieved in how one goes about it, the realism of his or her expectations, the extent of risk that the person undertakes and the extent to which a financial gain is the metric of his or her self-worth. The reason behind this is that, trading as well as gambling can be self controlled to be safe, and be disastrous without control and support.