Bitcoin trading and gambling which is safer?

[Judith87403]

The point you are making is clear. Traders usually tie identity, ego, and long term expectations to price. If the market drops, the hit emotionally is heavier as it feels personal and public, mostly if they were confident and vocal before. Support always comes after damage had been done.

Gamblers rather approach it differently. The risk is mostly predefined, the result is upfront known, and they accept loss as being part of the game mentally. Such mindset limits shock emotionally, though it doesn't cancel risk, mostly for those with reckless behavior.

Therefore the issue isn't trading vs gambling, but it is expectations, management of risk, and discipline emotionally. The markets punish emotions quicker than logic.
The strong advice is, Remain hydrated and consume much fruits.

[Zigabel]

For the gamblers, they could be affected somehow, when the amount of Bitcoin they will be needing has to be more or sometimes lesser with the same amount and sometimes even more for less, they begin to see the effect on their wallet, and sometimes it does happen that there could be an estimated amount that is supposed to be won but during  the game, price could change and affect the amount and quantity of the coins that will be won so that too keep the gamblers at their own risk of been affected by the whole situation at a time.

For traders, the effect is almost always instant and we all get to see it as been just that way it is but then in the end, both gamblers and traders, they all have a fair share in the whole.of the movement of price.

[AmoreJaz]

Even if trading can be risky sometimes it shouldn't be compare with gambling.  Winning in gambling is mostly depends with luck while trading their are chances of making profit in trading.

The reason why most people have problem with trading is because they dont even understand it and the target is just to make profit and they end up losing. People still make profit from profit and it is not as they are depending on luck but they know what they are doing.

The chances in trading for me is not comparable with gambling because at least in trading, you have the chance to improve your profits if you equip yourself with skills and knowledge for those coins you are trading with. But when it comes to gambling, you have no upper hand as you are relying mostly in luck except in sportsbetting and poker.

[passwordnow]

The chances in trading for me is not comparable with gambling because at least in trading, you have the chance to improve your profits if you equip yourself with skills and knowledge for those coins you are trading with.

Trading has got more chances to profit than with gambling. But whichever you are good with, you can do whatever you want since it's your hard earned money that you'll use for either gambling or trading.

But when it comes to gambling, you have no upper hand as you are relying mostly in luck except in sportsbetting and poker.

Even with these games, you'll also need some luck in it. Despite that someone's preparedness in analyzing games in the sports they've chosen, that doesn't give them a pass that they'll not lose.

[leonair]

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.

Everyone values their life the most. However, a person decides to commit suicide when they become too emotional which forces them to lose patience. Someone decides to commit suicide through trading when they lose an amount that they cannot afford to accept and their financial structure completely collapses. And this situation happens when someone trades with high leverage. Those who normally trade spot never get into such a situation. Leverage trading is like gambling. Where if luck is not good and one makes a wrong decision, one has to lose all his money. Gambling can never be safe for anyone. But Bitcoin trading is definitely safe if one trades normally without using high leverage.

[Alonso_]

That would be a very tough decision for some folks to make, especially when you’re talking about bitcoin and gambling, because gambling with Bitcoin is totally a different thing entirely, you can hardly predict gambling and investing in Bitcoin is totally a different situation entirely, when you have a discretionary income you can start buying bitcoin as soon as possible, but gambling you might win or loose, but bitcoin is very different when you invest and you’re trading is also different, because if you’re making investments and trading you can be getting your money back, but with Bitcoin you can always get your money back when you are buying and trading and you can eventually have some profits to trade, I would always say that trading Bitcoin is more safer in some scenarios.

[Rustam Meraj]

Everyone values their life the most. However, a person decides to commit suicide when they become too emotional which forces them to lose patience. Someone decides to commit suicide through trading when they lose an amount that they cannot afford to accept and their financial structure completely collapses. And this situation happens when someone trades with high leverage. Those who normally trade spot never get into such a situation. Leverage trading is like gambling. Where if luck is not good and one makes a wrong decision, one has to lose all his money. Gambling can never be safe for anyone. But Bitcoin trading is definitely safe if one trades normally without using high leverage.

High borrowing such as 50x or 100x is easy way of turning Bitcoin into high stakes gambling game where smallest price change will leave person in state of Total Loss, which usually leads to total breakdown of their money setup and who they are.
I believe that although Bitcoin itself is safe system aimed at keeping family wealth, human pride mostly sees it as lottery ticket, which results in panic state that pushes people to extreme level of sadness.
Studies on trading thinking prove that Cash traders who do not trade with debts are much safer since they have extra time to wait till they recover but borrowing is very dangerous tool that can easily turn short market crash into lifelong problem.

[mrongoz22]

in my opinion trading is way safer if you actually take the time to study and understand the market. gambling is pure luck and the house always has the edge. with bitcoin trading at least you own an asset that can grow over time while in a bet if you lose you are left with nothing. the key is just not trading based on pure emotion.

[BALIK]

in my opinion trading is way safer if you actually take the time to study and understand the market. gambling is pure luck and the house always has the edge. with bitcoin trading at least you own an asset that can grow over time while in a bet if you lose you are left with nothing. the key is just not trading based on pure emotion.

The level of safety will depend on you. If you take the time to research and learn to improve your knowledge, trading will be safer. But if you trade based on emotions, the risk is no different than gambling

Additionally, if you trade on the spot market, you own bitcoin. But that does not guarantee you will make a profit if you consistently buy high and sell low. Not to mention, if you trade future, you do not actually own any asset

In general, trading and gambling are two different concepts, but both involve risk, and that risk depends on how we manage capital, control emotions...Do not blame them if we suffer losses.