Are new generation of investors more into gambling? - page 2.

livingfree

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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.

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.

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Quote from: VanityWallets2015 on December 30, 2021, 07:17:52 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.

Playing gambling doesn't require too many skills as long as you know how to play the game there's a chance to win the play still its better if you really know some of the strategies to lessen the risk the same way with the trading because by that your own skills, understanding and strategy you can earn your money and prevent getting loss profit. Gambling and investment you can cut the profit and loss in gambling it decides by yourself in trading same too but with the help of their platform theres a TP and SL.

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Almost every individual is in fond of games they play games on regular basis. As the cryptocurrency emerges it bring an innovative ways for youngers to play online games and make capital. Cryptocurrency has introduce gaming projects which gives an individual so many benefits they just play games and by performing their peculiar piece of work they become able to get reward. So about all the users of crypto like to participate in crypto gaming.

VanityWallets2015

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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.

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Quote from: CryptoWebDirectory on December 28, 2021, 06:13:50 AM

I would have to say the simple answer to that appears to be yes. Maybe the YOLO trade was around before, but I had never heard of it until WallstreetBets. Options are nothing new and have always been a gamble, but it seems like more of the younger generation is willing to go "all in" with options calls/puts in hopes of hitting it big. I can't count how many YouTube videos I've seen of WSB people losing huge sums of money (significantly more have lost than made it to the milly mark). I'm sure these type of people have always existed, but probably not as many as there are today..

If those young generations want to go "all in" options calls/puts, that means they will face a big risk, especially if they do not have the right info about how to do that. That is still a gamble for them as they do not know how to analyze before placing their selection. In the end, they will only lose their money without having a chance to make money. Hopefully, the other new generations can learn from those people and not make the same mistakes. It needs them to realize that it is not as simple as they think because everything they will do related to that thing needs learning.

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I don't know about other markets but trading crypto markets have been compared to gambling for along time and the high volatility supports that theory. The biggest increase was in 2020 and 2021 that saw both old and new investors take the degens pathway. I mean, you'd have to consider things like investing in a low cap crypto or purchasing a bunch of JPEGs NFTs.

Quote from: Luqman on December 25, 2021, 07:27:43 PM

Quote from: Rengga Jati on December 23, 2021, 07:30:05 PM

^Snipped

I agree. Not all new investors join crypto investments with improper knowledge (less knowledge). Some of them are serious to learn about crypto first before they really buy any crypto coins. Those people who learn seriously at the beginning, probably have enough knowledge to trade or invest before they make plans and take some actions. I have some friends who are beginners in crypto investment, but they have a good understanding of crypto and have sufficient knowledge. They don't look like a new generation to gamble in crypto investment.

This is true. But I think its only a handful of new crypto investors actually take the time to learn and do research. Most just needs everything to be laid out for them and it doesn't work that way.

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Quote from: CryptoWebDirectory on December 28, 2021, 06:13:50 AM

I would have to say the simple answer to that appears to be yes. Maybe the YOLO trade was around before, but I had never heard of it until WallstreetBets. Options are nothing new and have always been a gamble, but it seems like more of the younger generation is willing to go "all in" with options calls/puts in hopes of hitting it big. I can't count how many YouTube videos I've seen of WSB people losing huge sums of money (significantly more have lost than made it to the milly mark). I'm sure these type of people have always existed, but probably not as many as there are today..

I think part of that can be attributed to the nature of this market, in other markets in order to be able to invest in them there are a lot of obstacles that you need to overcome, with one of them being that you need a certain amount of money just to have the chance of investing in the market, however in the market of cryptocurrencies this is not true, as long as you have some money and a computer with Internet you can become an investor, this means that people without the necessary knowledge are investing in the markets, and since they do not know what they are doing then they are taking all kind of crazy risks that experimented traders will never take.

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I would have to say the simple answer to that appears to be yes. Maybe the YOLO trade was around before, but I had never heard of it until WallstreetBets. Options are nothing new and have always been a gamble, but it seems like more of the younger generation is willing to go "all in" with options calls/puts in hopes of hitting it big. I can't count how many YouTube videos I've seen of WSB people losing huge sums of money (significantly more have lost than made it to the milly mark). I'm sure these type of people have always existed, but probably not as many as there are today..

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Quote from: Luqman on December 25, 2021, 07:27:43 PM

Quote from: Rengga Jati on December 23, 2021, 07:30:05 PM

However, this does not generalize everything, there are some people who are also serious about learning from scratch and becoming traders.

I agree. Not all new investors join crypto investments with improper knowledge (less knowledge). Some of them are serious to learn about crypto first before they really buy any crypto coins. Those people who learn seriously at the beginning, probably have enough knowledge to trade or invest before they make plans and take some actions. I have some friends who are beginners in crypto investment, but they have a good understanding of crypto and have sufficient knowledge. They don't look like a new generation to gamble in crypto investment.

I think there are very few new generation of investors who are really serious about learning how to invest in crypto well. So if your friends are people
who want to learn about crypto first before deciding to invest, it's something that everyone should be doing. I am sure your friends will become
successful investors or traders in the future. Because most newbies just want instant results, without going through a long process. So it's not
surprising that many newbies lose all their capital when they first invest in crypto. Because they like gambling when investing, that's why some
people consider crypto investing the same as playing gambling. Even though they themselves are too lazy to learn everything about the crypto world,
in order to understand how the crypto world works.

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Quote from: Peanutswar on December 22, 2021, 08:22:18 AM

Some of them are already knowledgeable about the internet and of course, they are young they have their full confidence to make a risk than others, and gambling is more ideal to deal with than trading because it does not require a lot of technicalities and understanding how it works. In gambling just wage your assets and wait for your luck and strategy to win the game its ideal for me to play safe with the card games and sports/e-sports game than risking my funds into a slot game but it has higher rewards.

You are right, really slots turn out to be one of the best games that casinos offer, but what it produces is without a doubt if there is no control it is the vice, of being all day glued to the slot machine always looking for a profit or a good multiplier that recovers everything that has been spent in hours, and that is dangerous, because every time you want to continue playing and playing, that is why when I play slots in casinos what I do is have a small balance available to lose, but on the condition that I have a lot of fun, so I'm not looking to make money, but to de-stress.

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Quote from: crzy on December 25, 2021, 05:40:05 PM

New traders becomes a gambler once they fail on their trade and became greedy, we should know the risk of gambling and trading, they are both ok but different in risk level better to go for what you think is necessary for you to succeed and have profit.

Unfortunately no traders could get only success in trading which means at some point every trader might be becoming too greedy or emotionally failed and that is the point where traders are becoming gamblers. When you are not emotionally stable then you will never bother about risk levels and the difference between trading and gambling and most probably you will start doing your trading in gambling methodology.

Quote from: Luqman on December 25, 2021, 07:27:43 PM

Those people who learn seriously at the beginning, probably have enough knowledge to trade or invest before they make plans and take some actions.

Yeah, always those people who value their money will remain dedicated and serious hence while preparing for trading, they will try to master all the techniques to make profits from trading. These types of traders will never gamble in the name of trading.

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Quote from: Rengga Jati on December 23, 2021, 07:30:05 PM

However, this does not generalize everything, there are some people who are also serious about learning from scratch and becoming traders.

I agree. Not all new investors join crypto investments with improper knowledge (less knowledge). Some of them are serious to learn about crypto first before they really buy any crypto coins. Those people who learn seriously at the beginning, probably have enough knowledge to trade or invest before they make plans and take some actions. I have some friends who are beginners in crypto investment, but they have a good understanding of crypto and have sufficient knowledge. They don't look like a new generation to gamble in crypto investment.

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Quote from: savetheFORUM on December 25, 2021, 02:46:48 PM

Quote from: blockman on December 25, 2021, 10:00:56 AM

Investors could also be gamblers but gamblers are gamblers. They could have other investments and they can take more risk than the usual person who seeks investments.

Even investors may go for gambling because they are having enough time to correct the mistake if anything goes wrong whereas traders should not gamble because the time frame is very small and they may get enforced to exit at stoploss. In my opinion, traders also be gambler and not investors but gamblers cannot be traders or investors just through gambling.

Well, on the other hand, there are the traders that gambles too in the market. Like the margin trading, it's an actual gamble that they do.

Quote from: savetheFORUM on December 25, 2021, 02:46:48 PM

Quote from: blockman on December 25, 2021, 10:00:56 AM

they won't be called investors if they don't have a lot of experience in investing

After bitcoin, I would say that your experience will be least bothered; you can gamble with bitcoin investments but the only catch should be, you must need enough patience which may last up to 4 years as well.

Change it into investing into bitcoin rather. That patience shouldn't have the time and range, as long as it can last long, I think that's the most important thing.

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Quote from: DoublerHunter on December 25, 2021, 05:57:01 PM

Quote from: Strongkored on December 24, 2021, 02:59:33 AM

It seems like that, a lot of young investors start their investment without adequate knowledge, actually there are many sources to learn about investment but many are reluctant to learn it and usually they are like that because they are more focused on profit even though by studying the investments we choose, it will be possible for us to reduce the risks or we can more carefully to choose the investment.

^That is why they gamble their money into new projects even though they had a lack of knowledge of it because of hoping to gain x amounts of profit even though they know it is a hype project. This is because of pure greed, they want an easy way of gaining profit without even having enough idea of what they are invested in and how it will work. That happens because most of them want to have profit in a short period of time they are willing to risk that. But I think it is better to risk and gamble your money into a new project without knowing anything than gamble your money in a gambling casino with zero knowledge.

Simply greed and if you do make things control you then you would really be committing out mistakes into your investment which it shouldnt really be done by someone if you are really that serious
on finding with profits. Dont make yourself in haste when making out decisions because this is where you do able to rush up things on making decisions which it isnt really that idea if you do ask me.
Sooner or later they would really be finding the reality on how it do works and would make out those realizations and would become a better investor or trader later on.

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Quote from: Strongkored on December 24, 2021, 02:59:33 AM

It seems like that, a lot of young investors start their investment without adequate knowledge, actually there are many sources to learn about investment but many are reluctant to learn it and usually they are like that because they are more focused on profit even though by studying the investments we choose, it will be possible for us to reduce the risks or we can more carefully to choose the investment.

^That is why they gamble their money into new projects even though they had a lack of knowledge of it because of hoping to gain x amounts of profit even though they know it is a hype project. This is because of pure greed, they want an easy way of gaining profit without even having enough idea of what they are invested in and how it will work. That happens because most of them want to have profit in a short period of time they are willing to risk that. But I think it is better to risk and gamble your money into a new project without knowing anything than gamble your money in a gambling casino with zero knowledge.

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Quote from: Sihab76 on December 24, 2021, 06:40:42 PM

Of course new generation of investors preferring more into gambling section because recently most of the projects launching on gambling and Play to earn . They are passing their time by spending gambling and Play to earn gaming platforms.

I don’t think so, because they are very few new projects about gambling so technically many are still on a different market and not just with gambling. New traders becomes a gambler once they fail on their trade and became greedy, we should know the risk of gambling and trading, they are both ok but different in risk level better to go for what you think is necessary for you to succeed and have profit.

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I have to be honest and say that many people imagined crypto to be gambling as well. This was of course at first, and now it is seen as a regular investment. You may see contracts a sort of way to gamble your money away, but 99% of the time either one side or the other wins a lot of money.

It means that yes there are some who lose a lot of money but there are also others who earn a lot of money whenever price moves up or down. This shows that it could be a bit like gambling but also not like gambling, there is no "house" here that takes your money, it is the other people who do. So, this could be considered like "poker" instead of something like blackjack. In poker you lose but some other player wins and the house gets a small rake instead of playing against players. So crypto could be considered a bit like gambling, but only the poker kind.

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Quote from: blockman on December 25, 2021, 10:00:56 AM

Investors could also be gamblers but gamblers are gamblers. They could have other investments and they can take more risk than the usual person who seeks investments.

Even investors may go for gambling because they are having enough time to correct the mistake if anything goes wrong whereas traders should not gamble because the time frame is very small and they may get enforced to exit at stoploss. In my opinion, traders also be gambler and not investors but gamblers cannot be traders or investors just through gambling.

Quote from: blockman on December 25, 2021, 10:00:56 AM

they won't be called investors if they don't have a lot of experience in investing

After bitcoin, I would say that your experience will be least bothered; you can gamble with bitcoin investments but the only catch should be, you must need enough patience which may last up to 4 years as well.

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Quote from: Sihab76 on December 24, 2021, 06:40:42 PM

Of course new generation of investors preferring more into gambling section because recently most of the projects launching on gambling and Play to earn . They are passing their time by spending gambling and Play to earn gaming platforms.

You got it wrong about investing and gambling. Investors could also be gamblers but gamblers are gamblers.
They could have other investments and they can take more risk than the usual person who seeks investments.
But investors, they won't be called investors if they don't have a lot of experience in investing and the new investors, we don't know what most of their backgrounds.

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Quote from: adaseb on December 24, 2021, 01:05:01 AM

Yes it’s more of less gambling. If you were ever reading any of the WSB you can clearly see that these people have no idea what they are doing.

They basically YOLO all their money on some options contract that expires in less than a week. And sometimes they get lucky and turn $3K into like $30K and do it over and over until they go bust.

Kind of like crypto traders go 100x leverage trading Bitcoin.

This is if they got lucky. It rarely happens and sometimes it's going to give someone a good start to do something where he is good at and not pursue something he has no idea. Or the money will just plush out after.

Leverage trading is not really for someone who has no idea. That's why it's close to being gambling and can lose all funds instantly particularly for newbies. The one thing that makes Robinhood dubious is they approve newbie traders.

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