Trading and Gambling which do you earn faster?

[hafiztalha]

If he is looking for very quick money, then I would say that gambling is the best option. He has nothing to do no thinking, no strategies just put the money, believe in his luck, and then see the results in a minute. He will either face a loss or a profit.

It's misleading to say gambling is the best option for quick money. It may give us quick result but it doesn't mean a good or reliable way of making money. Trading isn't a safe option either. Learning strategies, managing risks but still sometimes facing loss. Even the skilled and experienced one faces losses. The thing that makes difference is that in trading, a trader does their analysis, research and risk management, trying to figure out when he should enter the market. I am not saying it guarantees him profit, but he has some control over it. Gambling we can get stuck in the idea of recovering previous loss to next bet.

[PERtua]

The difference for me is not how fast somebody can earn money. It's how fast he/she can lose control of his/her capital. It's possible to make a profit in minutes through a lucky gambling session. A profit in days or weeks from a trade. But it doesn't matter how quickly or slowly it takes if the profit is sustainable. I also believe that a buy and-hold strategy should be decoupled from trading it because it takes out the urgency to make too many trades. Yet incurs the risk of the market. When a person says he or she is impatient. This should be a red flag, and not the deciding factor to go with the quicker choice. The first objective should be the protection of the capital and the discipline acquired.

[Obulis]

These are two options that are not really friendly and doesn't usually answer too quick to money making even as it can be too quick to money making. These two requires willingness to lose as much as and that is why you must not use funds that you can afford to lose.
Gambling seems to be so simple and found here and there done by old and young, schooled and unschooled but the best thing is just to gamble for fun and even trade for fun mostly as a newbie trader.

[LogitechMouse]

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When he asked that which do I prefer to go into and told him trading could be more better, this also struck me to come here to ask on which do you think one can make quick money from them. I know both do take time but he doesn't have patient to trade or sitting his himself down to start learning things about trade otherwise, for me I have given him the option of buying and hold and whenever there are more changes in the price of the asset he is hold can sell and take profit.

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

You gave him the wrong advice OP. How can he hold such an asset like Bitcoin if he's IMPATIENT like what you said. Holding something like Bitcoin will take years before you could get the REAL profit that you want as an investor, and clearly he's not patient so in short, I wonder if he's patient enough to hold Bitcoin since it seems like your friend focuses on QUICK MONEY.

Speaking of quick money, put him to gambling and let him gamble. Trading truly takes time before you become a successful one, and your friend is impatient enough, and being impatient especially you're a newbie is a no-no. Let him gamble, and one day he'll realize that gambling isn't the best way to make money. I don't also say that trading is the best either, but if you will let me pick between the two, I'll also choose trading because like many here, I don't also see gambling as a WAY to make money, but it's a complete opposite. I'm not against gambling though, but I'm against the people who look at gambling differently.

My advice would be: Let him gamble until he realizes that he's wrong. Also, let him trade until he realizes that trading isn't a quick way to make money. Sometimes, letting them experience both would help them decide.

[Faisal2202]

Actually gambling can be faster but still depends on how lucky you are; if not, then trading would be faster depending on what strategy you are currently using.


So if you ask this question for gambling, depending in your luck while trading also depends on your strategy.

However, gambling should be the faster if you are lucky but if not, then trading would be an alternative, but if you have a system, the profitability is not instant as how you made it from gambling.

Luck and strategy for gambling and trading respectively is a strong point, really. Would you be using the same factors if the question was, "Trading and Gambling, which do you lose faster?"

I would say gambling is the faster way to lose money even with luck, because luck can make profit once, twice, but not every time. Also, in trading, making consistent profit is not that easy, but unlike a gambler, a trader surely has monthly targets and a capital, and they can easily meet that target, so profit is faster in trading than gambling in the long term.

Earning faster is a wrong question by OP, because earning by scamming is also faster. Shortcuts are not the right way to earn at all.

[Out of mind]

Whenever trading and gambling are entered to make quick money, the possibility of losing money will reach the highest level. I think that in any place where patience is needed, quick profit withdrawal in trading is possible only when the market performs well. But these things should also be kept in mind that when the market comes in a bad situation, there will be a possibility of loss and then patience is needed.
But when it comes to gambling, if you bet on a team, you must wait until the end until the result comes, patience is also needed here. All in all, it is not possible to make money quickly in anything, but without some patience, it is not possible to make profit in anything.
Patience is the most valuable thing. Moreover, I think it is the best because Bitcoin investment is the most reliable and less risky. If you can hold it for a long time by investing, then it is certainly more likely to be profitable, but whenever you lose patience and invest, there will be more chances of loss.
An impatient person can never achieve anything good, we know that only those who can be patient can be successful, that is why patience is needed in every field of investment, trading and gambling.

[nara1892]

Hmm a bit confusing but on the other hand it seems like gambling can provide faster profits compared to trading but this is also directly proportional to the risk, meaning that in gambling you can indeed get money quickly but you can also lose it very quickly, the point is in gambling positive results it depends on how lucky you are, while in - random and you can also get a profit in a quick time if for example you happen to be lucky in a random prediction that you do, but maybe gambling is simpler.

[Ab de villiers]

If you think of quick income in either trading or gambling, you will face huge losses in both. Trading and gambling are complementary to each other and if you overdo it here, you are more likely to lose than gain.
Many people compare futures trading directly to gambling and the principal of both is quite similar, especially if you lose in one then the balance is zero and if you are wrongly taken long or short in one then the balance is zero in liquidation. So it is completely foolish to think of getting profit very quickly from both.

Nothing is faster and safer because both have enough risk of losing. Usually people, when they want to earn quickly, face unusual losses. Never try these methods for making faster money. There is enough argument about these, but it's never been work, and it's guaranteed people always have the worst ends while they are trying to do their best for having free or faster money from both methods in talk or dreams; it's always easy to earn enough money,.But in reality it's never been working because of similarity in risk and result structure. Also, it never works like it's wanted by the person who is trying to check his luck through these; enough foolish people ruin their lives and have never had their dreams come true, But there seems to be no end to it.

[Renampun]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

I think that gambling can give you a chance to make money faster.. because making money through trading can be more difficult and there's no guarantee that you will make a profit either since becoming a trader takes a process.. even though in gambling it also depends on your luck, I see that your opportunity to make money faster lies in gambling.. but still, it should not be treated as a reliable way to generate money, because both gambling and trading are risky and also it depends on your luck too because not everyone is so lucky.

[Cheema02]

It's misleading to say gambling is the best option for quick money. It may give us quick result but it doesn't mean a good or reliable way of making money. Trading isn't a safe option either. Learning strategies, managing risks but still sometimes facing loss. Even the skilled and experienced one faces losses. The thing that makes difference is that in trading, a trader does their analysis, research and risk management, trying to figure out when he should enter the market. I am not saying it guarantees him profit, but he has some control over it. Gambling we can get stuck in the idea of recovering previous loss to next bet.

I couldn't agree more. People need to know how to distinguish the risks and other differences between trading and gambling because both are completely different. Gambling is all about luck, there is nothing else, you can't control the risks, you can't do research or analysis, and you cannot have strategies or skills that can give you an edge. On the other hand, trading is all about skills, knowledge, and experience. You can use your research and analysis to know what move is good or bad, you can use strategies and risk management to reduce the risks and potential losses, etc.

Trading could be considered a source of income if it's done the right way, because there are so many people who are full-time traders, which means they earn a living through trading only, but can we say the same thing about gambling? Can there be people who can be full-time gamblers and are earning a living through gambling itself? And I'm not talking about sponsorships, streamers who gamble, but pure gambling with your own money, etc.

[Maslate]

Gambling will not make you earn fast, but more likely you will gain instant losses than fast gains. That's because gambling is often driven by luck and probability, and the edge is always on the house, so expecting to earn fast is more likely out in the picture. In fact, you could lose more than make wins when you are into gambling.

However, with trading, winning is rare too. But if you have good amount of experience, skills and working strategies, and of course luck, winning is highly possible. But it does not happen quickly, it comes with trading in the market with perfect timing. If you fail to time the market but trade out of greed, trading in return will also result into losses.

[Junii]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

Dude how could he compare gambling with trading gambling is not a proper way of income if i explain both trading needs patience and deep knowledge and also discipline while on the other side gambling is opposite even if someone research the history of a bet and think like they figure out the game they are still dealing with probabilities and manipulations and the house edge which beats any strategy in the long run. So both options have some pros and cons but the reliable way is trading .

[Z_MBFM]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

Dude how could he compare gambling with trading gambling is not a proper way of income if i explain both trading needs patience and deep knowledge and also discipline while on the other side gambling is opposite even if someone research the history of a bet and think like they figure out the game they are still dealing with probabilities and manipulations and the house edge which beats any strategy in the long run. So both options have some pros and cons but the reliable way is trading .

Right, Gambling and trading are not places where you can earn money quickly. Yes, you can make good profits quickly for a short period of time, but you cannot keep them. And gambling cannot be compared to trading because in trading everything does not depend on luck, but in gambling everything depends on luck. Trading requires discipline, analysis skills, a good understanding of the market, control of your greed, keeping regular market updates and finding the right coins. If you can do these things correctly, it is possible to earn money well from trading, but if you try to do it quickly, the ROI will never be good. I have asked many traders about their experiences and from what I understand, it is not possible to earn consistently from trading all the time. So trading cannot be called a place for faster earning.

[jossiel]

Gambling will not make you earn fast, but more likely you will gain instant losses than fast gains.

It can be both.

Fastest way to earn but also the fastest way to lose all your balance.

OP can choose which fast he's like to have but, we'll avoid the fastest way of losing money because we knew it and have experienced it.

[Nheer]

On my end I think gambling can fetch money faster than trading, because gambling sometimes if being lucky can be easily forecasted and won just by randomly Picking games. As for trading, there is nothing like being lucky without you studying and leaning about trading and how it's work.which requires a lot of time. For example, sport gambling to me is one of the easiest to predict and win money fast, because just by knowing and watching football, someone can easily predict the result of a particular game and can likely happened, but that doesn't work in time of trading, you will have to study and be able to take a lot of risk before making money in trading. Trading also can take a lot of time and risk taken before starting to make money unlike gambling that can be predicted or guessed in minutes. Trading might be more legit in money making than gambling, but I think gambling will fetch money faster than trading.

[Iranus]

Gambling will not make you earn fast, but more likely you will gain instant losses than fast gains.

It can be both.

Fastest way to earn but also the fastest way to lose all your balance.

OP can choose which fast he's like to have but, we'll avoid the fastest way of losing money because we knew it and have experienced it.

To be precise, theoretically gambling is a fast way to earn, and same goes for trading. That is why so many people dive into them hoping to get rich with zero effort. But in reality, it is the exact opposite, gambling is fast way to lose money.

Both gambling or trading just give you fast result, not fast profit. Most of the time, the end result is losses anyway.

So if OP asking me for fast way to lose money, that's gambling and trading right there. As for a fast way to actually make money, beats me, lol.

[Cossyblack]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

Your friend should go and learn a skill job to earn because neither gambling or trading are a good option for him to make a living. Why I say this is because,your friend is impatient, he doesn't have the patience to learn how to trade,so he can't afford to risk his money to trading because he could lose all of it.  On the other hand, gambling isn't a means to earn money for a living which automatically make it a bad option for your friend. Gambling is designed for entertainment purposes and not to be rely upon as a source of income,if he depend solely on gambling to earn money,it could lead to addiction and his finances will be ruin.
However, the option that would have been good for him would have been trading since he can use as his source of income but since your friend said that he can't be patient to learn it,he should go look for a job or learn a hand work to earn money.

[5W-KILO]

I want to know if my advise is wrong, please your contribution also really matter to me so that I can quickly run back to him to share some resourceful information that are shared here.

Your friend should go and learn a skill job to earn because neither gambling or trading are a good option for him to make a living. Why I say this is because,your friend is impatient, he doesn't have the patience to learn how to trade,so he can't afford to risk his money to trading because he could lose all of it.  On the other hand, gambling isn't a means to earn money for a living which automatically make it a bad option for your friend. Gambling is designed for entertainment purposes and not to be rely upon as a source of income,if he depend solely on gambling to earn money,it could lead to addiction and his finances will be ruin.
However, the option that would have been good for him would have been trading since he can use as his source of income but since your friend said that he can't be patient to learn it,he should go look for a job or learn a hand work to earn money.

This is a wrong advice, just because so many people can't make a living out of trading doesn't mean that no one is doing it, I can make a living out of trading because

1. I only trade weekly and that's Bitcoin only, if I have to trade altcoins it will be on 2days time frame,, the mistake that most people made is trying to snipe an hour chart or even 4 hours chart, you can get away with it on Bitcoin but try it on alts and see losses swimming in.

2. I have the appropriate tools for trading, after spending money on different trading tools I have landed on very reliable one that outpaced many others I had in the past.

With the right mindset and tools you will have more wins than losses in trading, I do gamble too but I strongly believe that it's impossible to make a living with gambling, that's why gambling is a form of entertainment than a source of income.

[Donk1]

Anyone should not think they can make money from gambling. It can result into addiction instead. It is better you are only gambling for fun. Some people can make money from trading, but trading is also risky just like gambling and most traders are losing. Use the amount that you can afford to lose to gamble or trade. They are both risky. In trading, if you are making money, you can increase the amount you are using to trade. Do nit do that in gambling.

Well I like to ask a question what is fun? Though i understand what you are saying but for me, I still think the word fun is just another word most gamblers use just so that they wouldn't admit to themselves that they are actually playing for the profit. Though people differ a lot so I am not saying there aren't folks who gamble for fun yes, there are but those are folks who have enough they are willing to lose e.g. rich people, not regular folks..That said, I believe gambling is still way more risky compared to trading, and one has long term value while the other doesn't. Best to say it all comes down to how much a person's brain can accumulate in and how much time they have to be consistent in trading. If not then it's either they don't gamble at all and just find a way to save their money and start investing, or they gamble and bear the risk. That's all......

[DanWalker]

Well I like to ask a question what is fun? Though i understand what you are saying but for me, I still think the word fun is just another word most gamblers use just so that they wouldn't admit to themselves that they are actually playing for the profit. Though people differ a lot so I am not saying there aren't folks who gamble for fun yes, there are but those are folks who have enough they are willing to lose e.g. rich people, not regular folks..

Rich people gamble for money too, not for fun. It's just that for them, the money they lose is nothing and they can make it back way easier.

Truth is, nobody really gambles just for entertainment. That's just an excuse, plain and simple.

That said, I believe gambling is still way more risky compared to trading, and one has long term value while the other doesn't. Best to say it all comes down to how much a person's brain can accumulate in and how much time they have to be consistent in trading. If not then it's either they don't gamble at all and just find a way to save their money and start investing, or they gamble and bear the risk. That's all......

As for risk, its fair to say gambling is riskier. But that doesn't mean trading is low risk. Compared with other financial activities, trading is still one of the riskiest. Which is why its so often compared to gambling.

Honestly, my real advice is anyone serious about making money should limit or better yet just stay away from both.