Are new generation of investors more into gambling?

palle11

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Maybe. Some understand the risk and some just act blindly. Those who act without thinking end up losing. Trading can be highly risky. There is no room for greed and impatience. If you have a risk appetite, then only you should enter into the market.

Trading as you said is very risky and the reason some choose gambling is because they believe one day luck will contact them. Trading is based on analytical skills but gambling is not that way is a game by random. Regarding greed also , they both have something in common because you see a gambler that will keep playing to win back his money and trading too is greed that take people out of the market.

panukurap

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It seems you are right that many newcomers prefer trading like gambling. The reason they do this seems predictable is to get quick and big profits, actually this is very worrying because they can become greedy. Whereas greed must be avoided in trading because it is feared that there will be losses, especially greedy nature can easily attack anyone. Moreover, this concerns the personality which is certain if it is attached it will be difficult and it will take a lot of time to get rid of it so that it really disappears.

AicecreaME

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People wanted easy money, therefore they'll go to futures and not on stock trading. Futures trading is thrilling than spot trading, a high risk high reward that suits for people that are impatient and risky player yet some of them are still making profits on it. New generations don't want to wait, that's why you could rarely see a new trader that'll stick to stock market after he figured out about futures trading.

Sled

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Quote from: LUCKMCFLY on January 10, 2022, 11:16:00 AM

You are right, the truth is that in the game anything can happen, however when we are in a casino, there are factors that influence, such as music, the fact of having better graphics in the games, this is only the power of attraction that exists, most of the new generations are already rich from birth, they come with their parents' money and do not mind spending it, so since they have a risk management very different from any person, the decisions that are made can sometimes be full of luck and they multiply the money, that has happened a lot, however the new ideas that come from the new generations are what make the sites and platforms evolve.

And they are less likely to know how to manage their finances and never mind overspending as they don't work hard for their money. How this could affect the market trend will probably be in favor of the continuous spread of crypto adoption. As these people won't realize the thing they've done, we could expect that this will cause losses on their side.

Actually, what we have seen is most of this new generation of investors are always looking for pleasure. They go for gambling asking for a chance to get lucky and win but that is not how it works, and in fact, that seems it never works all the time. But as I've said, they don't care about losing as it wasn't their hard work money.

jackg

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https://bit.ly/387FXHi lightning theory

I got curious about this topic and decided to start programming something.

I made a simple program that randomly chose whether to long or short based on historic data, tp and sl were set at 1% of the price and I assumed 10x leverage.

Over a period of 1400 trades, in a few different markets (trading only when no position is open and checked every four hours), the greatest loss I found was around 14%.

I didn't make this a topic because I wasn't sure how accurate my code was but I don't think I'd call that gambling (and it looked quite a risky strategy too - as an extra note I didn't include fees).

perfect999

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I agree that most of new investors are more into gambling or play to earn games, they love earning while playing, and most of them really earn because play to earn game is more simple than holding asset for so many years and sometimes earn a small amount even if you hold it for so long while in gambling or play to earn you can instantly earn when you win.

I agree these are all due to lack of knowledge about the dangers of crypto trading. When people gain enough experience and knowledge about crypto trading then they will stop playing with it. Crypto trading never should be approached in gambling way because the principles of risk management will become inefficient when we are not following all the technical of crypto trading.

Making profits from crypto trading is already not easier for anyone and approaching it in gambling way will definitely make it too difficult rather than getting you any different result in the end.

LUCKMCFLY

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You are right, the truth is that in the game anything can happen, however when we are in a casino, there are factors that influence, such as music, the fact of having better graphics in the games, this is only the power of attraction that exists, most of the new generations are already rich from birth, they come with their parents' money and do not mind spending it, so since they have a risk management very different from any person, the decisions that are made can sometimes be full of luck and they multiply the money, that has happened a lot, however the new ideas that come from the new generations are what make the sites and platforms evolve.

24Kt

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Quote from: carlfebz2 on January 05, 2022, 06:42:10 PM

Quote from: South Park on January 05, 2022, 01:40:20 PM

Quote from: jaberwock on December 30, 2021, 01:46:20 PM

Quote from: ?? on ??

Depends on who the investor is. It depends on the person's work style, not on his age, as for me.

That's why OP mentioned "new generation" because the students and young people turning up to crypto are more prone to gambling than to trading. Gambling and trading have always been considered to be similar and a thin line separates the two. You can be a gambler but trading odds while you may be a trader and gambling with the market. At the end it all comes down to how much you earn on average that determines what you are really doing.

Anyhow, we must do trading as per prescribed method and then gambling in its own method and mixing one into another definitely will not help anyone to make profits but there are plenty of chances for losing.

This is important, the truth is that the techniques that can be used in trading can be used by gamblers as well, especially when it comes to sport bets, so there is a fine line that separates the two, and there is little doubt in mind that a great deal of the people that trade the markets are not really traders but gamblers instead, after all if that was not the case then it would be impossible to explain the irrational behavior that we see in some of the decisions people take all the time in the markets as they invest in coins with no future.

Things turns out to be a gamble when someone had able to tolerate out their emotions when it comes on dealing with investment specially on trading or something like that whenever they do see some price declines

then they get impulsive which did really result into those bad decisions which resulted into loss of money or funds which you would really be thinking on rushing on getting it back just like when you are playing
gambling on which you do become impulsive on making out decisions but im not talking about generally on new generation to be having that kind of behavior but most likely.

Panic mode is always part in the market. If you don't know how to handle yourself, you will be eaten alive and lose your funds easily. So you should have plans beforehand, and it something goes wrong with your strategy, you should also have contingencies in place. Don't let panic mode overpower your emotion.

carlfebz2

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Quote from: South Park on January 05, 2022, 01:40:20 PM

Quote from: jaberwock on December 30, 2021, 01:46:20 PM

Quote from: ?? on ??

Depends on who the investor is. It depends on the person's work style, not on his age, as for me.

That's why OP mentioned "new generation" because the students and young people turning up to crypto are more prone to gambling than to trading. Gambling and trading have always been considered to be similar and a thin line separates the two. You can be a gambler but trading odds while you may be a trader and gambling with the market. At the end it all comes down to how much you earn on average that determines what you are really doing.

Anyhow, we must do trading as per prescribed method and then gambling in its own method and mixing one into another definitely will not help anyone to make profits but there are plenty of chances for losing.

This is important, the truth is that the techniques that can be used in trading can be used by gamblers as well, especially when it comes to sport bets, so there is a fine line that separates the two, and there is little doubt in mind that a great deal of the people that trade the markets are not really traders but gamblers instead, after all if that was not the case then it would be impossible to explain the irrational behavior that we see in some of the decisions people take all the time in the markets as they invest in coins with no future.

Things turns out to be a gamble when someone had able to tolerate out their emotions when it comes on dealing with investment specially on trading or something like that whenever they do see some price declines

then they get impulsive which did really result into those bad decisions which resulted into loss of money or funds which you would really be thinking on rushing on getting it back just like when you are playing
gambling on which you do become impulsive on making out decisions but im not talking about generally on new generation to be having that kind of behavior but most likely.

South Park

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Quote from: jaberwock on December 30, 2021, 01:46:20 PM

Quote from: ?? on ??

Depends on who the investor is. It depends on the person's work style, not on his age, as for me.

That's why OP mentioned "new generation" because the students and young people turning up to crypto are more prone to gambling than to trading. Gambling and trading have always been considered to be similar and a thin line separates the two. You can be a gambler but trading odds while you may be a trader and gambling with the market. At the end it all comes down to how much you earn on average that determines what you are really doing.

Anyhow, we must do trading as per prescribed method and then gambling in its own method and mixing one into another definitely will not help anyone to make profits but there are plenty of chances for losing.

This is important, the truth is that the techniques that can be used in trading can be used by gamblers as well, especially when it comes to sport bets, so there is a fine line that separates the two, and there is little doubt in mind that a great deal of the people that trade the markets are not really traders but gamblers instead, after all if that was not the case then it would be impossible to explain the irrational behavior that we see in some of the decisions people take all the time in the markets as they invest in coins with no future.

sumant

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Definitely new generation are looking to make money very quickly and gambling is best place to win or loose money. So these new investors are going to gambling arena for quick and big money. I also a big fan of tennis and used to gamble on many games but you ask me now gambling is not going to support you any more. One day you will loss all your money so please save money and say good bye to gambling.

Zilon

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Bitcoindata.science

Quote from: bittraffic on December 12, 2021, 09:28:57 AM

Quote

Around 39 million options contracts have changed hands on an average day this year, up 35% from last year and the highest level ever, according to Options Clearing Corp. data as of the end of November. Retail traders recently made up around one-quarter of all options activity.

A quote from the article Investors Are Using Robinhood, Other Platforms to Jump Into Options Trades, Worrying U.S. Regulators

Robinhood is turning the new generation into gamblers and regulators are concerned because options trading is now preferred by the newer generations over stock trading or investing. We all know options trading is not investing because with options trading you are just betting what the price will be of a company's stock.

Regulators worry is that companies like Robinhood and Ameritrade easily approve users to gain access to options which makes the surge of these new gamblers. Retail investors are also enticed to join this frenzy because leverage is quite high while zero transaction fees.

Robinhood also offers crypto trading so I wonder if Bitcoin Futures & Options are also the most preferred today by the new generations of traders than on the spot market?

I think option trading is more secure than stocks because if good analysis is done before buying or selling on a specific date one can be more sure of good returns as the risk is even less compared to the high volatility of stocks and most crypto. One only gambles when there is no analysis or when the analysis is not properly analysed. Robinhood Is only giving investors diverse option and it's only greed that would make one trade option trading as a gambler other than a patient market analyst

kro55

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*STOP NOWHERE*

Quote from: doomloop on December 31, 2021, 03:56:54 PM

Quote from: SirLancelot on December 30, 2021, 02:24:27 PM

Quote from: bittraffic on December 12, 2021, 09:28:57 AM

Robinhood is turning the new generation into gamblers and regulators are concerned because options trading is now preferred by the newer generations over stock trading or investing. We all know options trading is not investing because with options trading you are just betting what the price will be of a company's stock.

More people are gambling than trading because naturally, we all want to make money "easily". This is where all the problem lies in, when we start looking for easy money instead of adopting a particular method and learning throughout the journey. I guess when AI influenced bots are available in the market then people will prefer gambling over the trading as gambling may get them both entertainment and money.

At the same time, anything which is not backed by scientific approach may not sustain. So, gambling even it will be performed with the help of any advanced technology may not remain fruitful in long run then people may start switch over to other things which may be trading as well.

I don’t know for sure, but a lot of people that I have seen who have gone into options trading, at the end they run out from it because they realized that they are losing money. Some of them even end up calling it a scam because they were not able to gain anything from it.

But, I do know for sure that there would still be lots of people who are interested in options trading because they see it as easy money,, there isn’t hard work required to do the options trading, you simply have to predict whether the market would be going up or it would be going down and that’s just it and if your prediction is right, your money comes in.

Right, cause they are looser, If people invested in Bitcoin and do trade on it and run out of capital then they are nothing but looser.

Never do that thing which one is suitable for you. I know some people who started trading in Bitcoin, previously they do trade binary. I told them trading on Bitcoin is not similar to Binary trading. But they didn't care about my words and as usual, lost all of their funds.

when I've seen them again just suggest them, "don't be foolish, you don't have enough knowledge about trading and technology, and you are teenagers now,"
I suggest them not to do trading, Just Buy the Dip and Hodl, Trading is not suitable for all, but hodling is. they took my suggestion and fortunately were able to recover their lost funds with extra profit.

doomloop

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Quote from: SirLancelot on December 30, 2021, 02:24:27 PM

Quote from: bittraffic on December 12, 2021, 09:28:57 AM

Robinhood is turning the new generation into gamblers and regulators are concerned because options trading is now preferred by the newer generations over stock trading or investing. We all know options trading is not investing because with options trading you are just betting what the price will be of a company's stock.

More people are gambling than trading because naturally, we all want to make money "easily". This is where all the problem lies in, when we start looking for easy money instead of adopting a particular method and learning throughout the journey. I guess when AI influenced bots are available in the market then people will prefer gambling over the trading as gambling may get them both entertainment and money.

At the same time, anything which is not backed by scientific approach may not sustain. So, gambling even it will be performed with the help of any advanced technology may not remain fruitful in long run then people may start switch over to other things which may be trading as well.

I don’t know for sure, but a lot of people that I have seen who have gone into options trading, at the end they run out from it because they realized that they are losing money. Some of them even end up calling it a scam because they were not able to gain anything from it.

But, I do know for sure that there would still be lots of people who are interested in options trading because they see it as easy money,, there isn’t hard work required to do the options trading, you simply have to predict whether the market would be going up or it would be going down and that’s just it and if your prediction is right, your money comes in.

SirLancelot

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Quote from: bittraffic on December 12, 2021, 09:28:57 AM

Robinhood is turning the new generation into gamblers and regulators are concerned because options trading is now preferred by the newer generations over stock trading or investing. We all know options trading is not investing because with options trading you are just betting what the price will be of a company's stock.

More people are gambling than trading because naturally, we all want to make money "easily". This is where all the problem lies in, when we start looking for easy money instead of adopting a particular method and learning throughout the journey. I guess when AI influenced bots are available in the market then people will prefer gambling over the trading as gambling may get them both entertainment and money.

At the same time, anything which is not backed by scientific approach may not sustain. So, gambling even it will be performed with the help of any advanced technology may not remain fruitful in long run then people may start switch over to other things which may be trading as well.

so98nn

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Option trading is being chosen because it’s more profitable than stock trading or even day trading. I feel that there is no issue in that and they don’t need portray any other theories on the same. If they choosing option trading and putting investment into those stocks then don’t forget it’s being utilised in the market for their own development too. (the companies).

Investors generation is important cycle. This will lead us to the newer era of lifestyle. Most of them Will have rich minds and rich wallets too. Well that’s national development along the way. So yeah no issues at all.

jaberwock

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Quote from: ?? on ??

Depends on who the investor is. It depends on the person's work style, not on his age, as for me.

That's why OP mentioned "new generation" because the students and young people turning up to crypto are more prone to gambling than to trading. Gambling and trading have always been considered to be similar and a thin line separates the two. You can be a gambler but trading odds while you may be a trader and gambling with the market. At the end it all comes down to how much you earn on average that determines what you are really doing.

Anyhow, we must do trading as per prescribed method and then gambling in its own method and mixing one into another definitely will not help anyone to make profits but there are plenty of chances for losing.

perfect999

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Quote from: VanityWallets2015 on December 30, 2021, 06:17:52 AM

It;s no surprise since the trading on gamlbing sites is no different from traditional trading however it's more like an Binary option rather than trading on spots though the risk is still the same but in gambling trade it's either you win or lose and you wont be able to cut out the losses while in trading you would be able to stop your losses or early take profit.

There are options of bet cashout in gambling to cut your losses actually. You can see the situation in the match and cash your bet based on your feelings about it, of course that's applicable for sports betting only.

Most new generation traders are getting indulged in gambling is because of the lack of knowledge and how lucrative gambling looks from outside. Actually I believe anyone who is trading in crypto without any knowledge or experience and proper planning is simply gambling on which coin will go up or down.

To sum it up, gambling is a form of emotional or feelings trading where you are not using any skills but relying on your lucky or feelings.

livingfree

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Quote from: coinism on December 30, 2021, 12:24:56 PM

Quote from: livingfree on December 30, 2021, 11:59:36 AM

Yes.

Those who trade blindly are the ones that are gambling. While the traders that know exactly what they're doing are taking the risk that they know how to bear.

The ones that make the most in trading are the ones that you've said and with experience. They're not rushing and know when to buy/sell at the right time.

Its not necessary that you bet on sports, play poker etc to be a gambling ecosystem. Blindly placing buying order on a shit coin is also a kind of gambling which most of millennial's do these days.
The rise of crypto has made it possible for youngsters to participate in gambling since easily allow one to bypass the KYC process. With time we will see more and more youngsters in gambling and thats something worrying for us.

That's what we're saying about gambling.

You trade blindly and you're also gambling already. The fact is that many of the traders to this date are like that.

They're making a lot of mistakes in doing their trades because they think that it's an easy way to profit in this market.

coinism

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Quote from: livingfree on December 30, 2021, 11:59:36 AM

Yes.

Those who trade blindly are the ones that are gambling. While the traders that know exactly what they're doing are taking the risk that they know how to bear.

The ones that make the most in trading are the ones that you've said and with experience. They're not rushing and know when to buy/sell at the right time.

Its not necessary that you bet on sports, play poker etc to be a gambling ecosystem. Blindly placing buying order on a shit coin is also a kind of gambling which most of millennial's do these days.
The rise of crypto has made it possible for youngsters to participate in gambling since easily allow one to bypass the KYC process. With time we will see more and more youngsters in gambling and thats something worrying for us.

Topic: Are new generation of investors more into gambling? (Read 642 times)