He also considered trading but that would take his time as he lack patient, then on the second thought he felt that gambling is another thing he could do without doing much research about what he is doing.
This mentality alone is clear prove that he cannot go into trading, he doesn't want anything that would take his time and he also wants something that's way easier, trading cannot give him any of these. But the misconception he has about gambling is that earning fast from it is sure but there are absolutely no guarantees of achieving this. If it were that easy a lot of people would have become millionaires through gambling.
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.
"Quick money"? that mindset is a trap and he is already on the wrong path if he continues to think like that. There's nothing about making money that's easy and if he can't learn something either trading or other ways to earn from the crypto market then he is going to put himself in financial peril.
It is obvious that gambling allows to earn faster and easier. No skill is required to place a bet. Not a single trade will allow to make to multiply capital by x2 or more in a second. Regards crypto, I havent seen any cryptocurrency that gained 100% in price immediately after purchase. Gambling allow to pick at random a game, place a random bet and turn rich.
Although it's not possible to get rich in few seconds in trading but there are people that flip their capital, these are the kind of traders that think like gamblers because they depend on luck and not strategy so technically it's kind of possible in trading too but on thing about rising up quickly is that you can also fall the same way.
