Trading is like more like gambling if...

[Doll2233]

Trading is very risky and it requires deep knowledge to be able to understand how the market works any one trading is also gambling and should be ready to loss money, as a trader you will regularly be cheeking the market chart to know when to take profit and involving in other crypto such as shitcoins or altcoins are too risky because they are not even like bitcoin that is more reliable. I believe that the best crypto asset to invest on is bitcoin and to make proper investment is to accumulate bitcoin consistently using an amount of money we can afford to loss and hold for long time.

Most of the people are taking trading as a gambling because they did not learn trading and they saw videos on YouTube where people are saying that you can earn 100$ dollars daily in one hour and then they got idea to become trader but becoming trader is not an easy because you have to read books and you have to practice the laws and regulations and you have to work daily And consistent hard work is required to become successful in trading. Millions of people are traders and they are earning small amount but they are showing as they are multi rich people of their town . Many people want to earn money without any effort and if they will earn for one time it will be gambling because after that they will not earn anything from that.

[nara1892]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.
However, this doesn't mean that knowing the reason for your trade will always result in profits. This means that even if you trade based on analysis and not guessing price direction, you will still profit. Essentially, there are always factors that can cause you to lose, even if you trade based on all your knowledge and skills.

[Barikui1]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.

You are right about what you said here because opening a trade with the hope of winning or coming out in profit when you don't know your left or right is nothing but gambling where you rely mostly on being lucky. And when following such path, it will only be just a matter of time before blowing up your account, but once you start doing the analysis yourself with your level of knowledge and understanding, you are no longer gambling, since you are no longer trading blindly, like when you rely on signal from someone else, and if the market changes it direction, you wouldn't know because you know nothing about it, but if you actually knows what you are doing, once they market changes direction, you will take notice of it because you are not trading blindly.

[Wind_FURY]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.

However, this doesn't mean that knowing the reason for your trade will always result in profits. This means that even if you trade based on analysis and not guessing price direction, you will still profit. Essentially, there are always factors that can cause you to lose, even if you trade based on all your knowledge and skills.

But anything done with reasoning, and understanding in "trading" will merely make you lose your capital because we PLEBS will never out-trade the skilled, over-capitalized professional traders, and their army of trading bots.

None of ANY of us PLEBS could convince me or any other PLEB in BitcoinTalk that each and every one of us will make enough profit from trading to become a millionaire.

[nara1892]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.

You are right about what you said here because opening a trade with the hope of winning or coming out in profit when you don't know your left or right is nothing but gambling where you rely mostly on being lucky. And when following such path, it will only be just a matter of time before blowing up your account, but once you start doing the analysis yourself with your level of knowledge and understanding, you are no longer gambling, since you are no longer trading blindly, like when you rely on signal from someone else, and if the market changes it direction, you wouldn't know because you know nothing about it, but if you actually knows what you are doing, once they market changes direction, you will take notice of it because you are not trading blindly.

Yes, that's the same as leaving your fate to luck regarding the outcome. For beginners, this approach might be considered reasonable, as beginners usually prefer to experiment. However, if this approach persists long-term, it can certainly have major consequences, especially for your finances and psychological well-being.

While we never know whether our predictions are correct or incorrect when trading based on analysis and data, at least it offers a greater chance and is closer to profit, while also avoiding the idea of ​​treating trading like gambling. The key is to understand everything you're doing.

[Mame89]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.
However, this doesn't mean that knowing the reason for your trade will always result in profits. This means that even if you trade based on analysis and not guessing price direction, you will still profit. Essentially, there are always factors that can cause you to lose, even if you trade based on all your knowledge and skills.

Absolutely true. Even starting a business without knowledge and a clear strategy is like gambling because you have no plan and are relying solely on luck.

Especially in the complex world of trading there are several aspects we must learn. Winning and losing will allow us to understand where we went wrong and be able to evaluate for the better. However, starting trading without a sound mindset, knowledge, and risk control is like gambling. The difference lies in decision-making, for example. In trading, decisions are made based on analysis, while gambling is based on emotions and other people signals. Likewise, understanding risk in trading allows us to understand and control it, but in gambling understanding risk is minimal if not almost non-existent.

Essentially, anything done without knowledge and a clear strategy is gambling, whether in trading, business or even investing. So, to avoid trading like gambling, you must question your reasons for trading. How do you manage risk if it turns out to be wrong? And can your process be repeated consistently? If the answers to these questions are weak or nonexistent then your activity remains gambling.

[Odusko]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.

You are right about what you said here because opening a trade with the hope of winning or coming out in profit when you don't know your left or right is nothing but gambling where you rely mostly on being lucky. And when following such path, it will only be just a matter of time before blowing up your account, but once you start doing the analysis yourself with your level of knowledge and understanding, you are no longer gambling, since you are no longer trading blindly, like when you rely on signal from someone else, and if the market changes it direction, you wouldn't know because you know nothing about it, but if you actually knows what you are doing, once they market changes direction, you will take notice of it because you are not trading blindly.

Most traders who experience liquidation have that alignment of thought that trading is a means of getting rich quick for them, that is why they allow their greed to get the best part of their thought leading them to avoid all risk management that could have made better trading decisions but then going for using high leverage increasing their potential risk and eventually losing out in the end.

[PakHolder]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.

You are right about what you said here because opening a trade with the hope of winning or coming out in profit when you don't know your left or right is nothing but gambling where you rely mostly on being lucky. And when following such path, it will only be just a matter of time before blowing up your account, but once you start doing the analysis yourself with your level of knowledge and understanding, you are no longer gambling, since you are no longer trading blindly, like when you rely on signal from someone else, and if the market changes it direction, you wouldn't know because you know nothing about it, but if you actually knows what you are doing, once they market changes direction, you will take notice of it because you are not trading blindly.

I think the real difference is in risk management. If you decide in advance why you are entering a trade, where you are going to exit and how much loss you can tolerate, then it can be called planned trading.  And if you enter a trade without any plan just hoping for profit whether it is your own analysis or someone else's signal, in the end it comes close to gambling.

[Yorubek]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.

You are right about what you said here because opening a trade with the hope of winning or coming out in profit when you don't know your left or right is nothing but gambling where you rely mostly on being lucky. And when following such path, it will only be just a matter of time before blowing up your account, but once you start doing the analysis yourself with your level of knowledge and understanding, you are no longer gambling, since you are no longer trading blindly, like when you rely on signal from someone else, and if the market changes it direction, you wouldn't know because you know nothing about it, but if you actually knows what you are doing, once they market changes direction, you will take notice of it because you are not trading blindly.

I think the real difference is in risk management. If you decide in advance why you are entering a trade, where you are going to exit and how much loss you can tolerate, then it can be called planned trading.  And if you enter a trade without any plan just hoping for profit whether it is your own analysis or someone else's signal, in the end it comes close to gambling.

When you start trading without proper knowledge and without understanding the volatility of the market and just with the intention of getting rich quick, it becomes gambling. Because you are not following the right rules and regulations, you are trading aggressively out of greed or emotion, which increases the risk of losing money many times over. When a person understands the volatility of the market and enters the market at the right time and exits the market at the right time, the risk of losing money is relatively low and the main purpose of trading is right. Whether you are trading or gambling there is a risk of losing money, so it is wise to make a decision to trading or gambling with the right knowledge and understanding of the risks.

[Rubuchi]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.
However, this doesn't mean that knowing the reason for your trade will always result in profits. This means that even if you trade based on analysis and not guessing price direction, you will still profit. Essentially, there are always factors that can cause you to lose, even if you trade based on all your knowledge and skills.

the major difference between gambling and trading lies in the in depth knowledge, understanding and reasoning as against gambling where it is luck that plays the most part of it. When you are gambling, you rely mainly on luck and chances after placing your bet as your knowledge also do help but does not guarantee you unlike trading where your knowledge places a significant role in your winning or losing of the trade. Both is expected to be treated qccordingly. Don't trade with luck and chances and do not gamble thinking your knowledge is always a way to success else you end up spending way beyond you can afford to lose.

[yhiaali3]

No, you are not mistaken. Yes, trading is very similar to gambling, although there are significant differences between them, but there are still many common factors, the most important of which is loss, because no matter how skilled a trader or gambler one is, both still lose.

Of course, trading is much better than gambling, and losses can be controlled or reduced. Also, by being patient with the coin until it rises, you can turn a loss into a large profit, unlike gambling where you are either a winner or a loser.

[Bitcoin_people]

Besides, to be honest, I do not believe anyone can stay patient trading with a demo account for such a long time.

The only goal for most of us is profit. I do not think anyone can keep doing that without getting bored or losing patience after a while. In fact, many people will be eager to enter the real market as soon as they make a few profitable demo trades. Maintaining trading on a demo account for 2 year is not really realistic.

That's clearly not a realistic option for someone learning to trade. Even those who are self-taught might not stick with it for long. 
Enter the market with your own money, learn, and manage your experience well. What we get from real trading is definitely different from demo accounts. 
Gamblers also wouldn't play demo games unless they had no money.

For those who are learning trading, it is not realistic to rely only on a demo account. Even those who have learned completely on their own, eventually realize that there is no substitute for real market experience. Entering the market with a small amount of capital. Learning, making mistakes, gaining experience and gradually improving yourself using that experience. Because the mental stress, risk management and trying to control emotions that are in real trading can only be seen in the future. However, even gamblers know that without real money, there is no excitement or mental stress in demo games, and if there is no real money in trading, there is not much learning situation with a demo account.

[Arenga pinnata]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.
However, this doesn't mean that knowing the reason for your trade will always result in profits. This means that even if you trade based on analysis and not guessing price direction, you will still profit. Essentially, there are always factors that can cause you to lose, even if you trade based on all your knowledge and skills.

Well, that’s the difference. A good trader is someone who takes their trading seriously; they conduct thorough analysis and develop well-thought-out plans. They don’t place positions in the market haphazardly. They’re patient and truly wait for the right moment to enter the market. This is in contrast to bad traders. They trade relying solely on luck. They don’t bother to analyze the market thoroughly. They often get caught up in FOMO and end up with even more losses. Even a beginner can be considered a good trader as long as they analyze the market to the best of their ability. So, what sets them apart is the effort and hard work behind it.

[Wind_FURY]

No, you are not mistaken. Yes, trading is very similar to gambling, although there are significant differences between them, but there are still many common factors, the most important of which is loss, because no matter how skilled a trader or gambler one is, both still lose.

For PLEBS like US, trading = gambling, but with different steps. The result is the same though - A LOSS 90% of the time.

Of course, trading is much better than gambling, and losses can be controlled or reduced. Also, by being patient with the coin until it rises, you can turn a loss into a large profit, unlike gambling where you are either a winner or a loser.

But you could control/reduce losses in gambling too through smaller bets and, and by stopping yourself from playing if you reach your maximum loss allowed for the day.

[Issa56]

Most of the people are taking trading as a gambling because they did not learn trading and they saw videos on YouTube where people are saying that you can earn 100$ dollars daily in one hour and then they got idea to become trader

Most traders we see in market now didn’t take their time to learn about trading, most of them don’t even have passion for trading, they just trading because they want to make money. If you want to make money from trading, there are some things which you are suppose to learn before you going to start making money, but most newbies do ignore it because they think trading is easy.

Most newbies are always deceived by posts they see on social media, most of them are deceived by videos they see on YouTube. Those posts are always making trading so easy, they always make people believe they can never lose when they trading, and that’s why most newbies always decide to jump into trading, and they do end up losing because trading is not really easy.

[nara1892]

Anything done without understanding or reasoning is called gambling because you'll never know what will make you win or lose. This also means that following someone else's signals can be like gambling because you don't know the reason why you're opening a trade.
However, this doesn't mean that knowing the reason for your trade will always result in profits. This means that even if you trade based on analysis and not guessing price direction, you will still profit. Essentially, there are always factors that can cause you to lose, even if you trade based on all your knowledge and skills.

Well, that’s the difference. A good trader is someone who takes their trading seriously; they conduct thorough analysis and develop well-thought-out plans. They don’t place positions in the market haphazardly. They’re patient and truly wait for the right moment to enter the market. This is in contrast to bad traders. They trade relying solely on luck. They don’t bother to analyze the market thoroughly. They often get caught up in FOMO and end up with even more losses. Even a beginner can be considered a good trader as long as they analyze the market to the best of their ability. So, what sets them apart is the effort and hard work behind it.

That's clearly the difference between treating trading like gambling. It's actually quite simple. Trading wouldn't be considered gambling if, for example, a position was opened based on a clear rationale based on sound analysis, regardless of the outcome.
However, it's true that many traders, especially beginners, suffer from "FOMO." They come to the table because they see others making large profits, but they don't see the other side of trading beyond the profit. Essentially, everything is directly proportional to the risk.

[Obulis]

Over my many years in the crypto space, I have experienced that trading is more like gambling if one does not have sufficient knowledge about FA(fundamental analysis) and TA(technical analysis). If one doesn't know the best way of doing research, and really doesn't know how to check whether the project is good or bad, in which he is going to open trade. I really believe that if one wants to start their trading journey, then one should keep learning more and more, and the more knowledge one has learned, the less they should consider it. Knowledge is the power in the trading space because of the unpredictable behavior of the crypto market.

In trading space, if knowledge fails due to unpredictable behavior of the market, where big whales and manipulators plays thier big role to trap the traders. Besides this, FUD also plays its dangerous role to trap the traders many times, as manipulators spread FUD using rumors and wrong news on social media platforms like X, and sometimes they use big accounts to spread wrong news to trap the traders, so that investors believe the news by looking at the level of the account. Trading is not easy, in my opinion, if you are bad at research.

So, if you are the one who is a newbie or new in the crypto space, or you are following someone's shared signals and starting trading without learning or getting knowledge, then you are not doing trading; you are gambling with your funds. What do you guys think about this? CMIIW!

From what you have said so far I can say that you have not really been able to clear the air that trading is not gambling. Like the fundamental analysis FA and technical analysis TA is not enough to make trading not to be gambling. Many people has acquired so much knowledge about Bitcoin but this knowledge has never been enough to make trading more favorable to not be considered gambling.
Talking about the manipulators and the their efforts is another serious point to tell how this knowledge is not just enough and having trust on big names is not ideal. The risk in trading is by all means or so many means likeable to gambling and that is a simple and clear analogy.