Holding bitcoin is not the same thing as trading bitcoin. Gambling and trading are not the same thing too. Trading require you to learn trading skills but gambling require just some strategies. Trading can be risky like gambling, but they are not the same thing. If the price of bitcoin fall already, you can invest for months or years and you will most likely gain.
Trading is risky like gambling but not as risky as gambling. When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins. But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gambling
Topic: Bitcoin trading and gambling - page 4. (Read 1416 times)
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Holding bitcoin is not the same thing as trading bitcoin. Gambling and trading are not the same thing too. Trading require you to learn trading skills but gambling require just some strategies. Trading can be risky like gambling, but they are not the same thing. If the price of bitcoin fall already, you can invest for months or years and you will most likely gain.
Trading is risky like gambling but not as risky as gambling. When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins. But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gamblingIn the end, none of this is certain. whatever you do, then it won't be sure. no one knows that 100%. If you look at the uncertainty, then everything will be the same, even business or real estate. Who knew that opening a business or owning real estate would end in success. So many people have also lost money because of it.
However, if you look at the difference between trading and gambling there is a lot. Like in gambling, you don't need to do analysis, you just have to play and have fun. it is 100% guess. Besides, if you lose, then you will lose 100% of the money you have. While Trading, you will not lose all the assets you have, only the "value" will decrease due to certain circumstances, whether it's due to FUD or other things. Because of this, in trading, we are very emphasized to do analysis and make decisions.
However, if you look at the difference between trading and gambling there is a lot. Like in gambling, you don't need to do analysis, you just have to play and have fun. it is 100% guess. Besides, if you lose, then you will lose 100% of the money you have. While Trading, you will not lose all the assets you have, only the "value" will decrease due to certain circumstances, whether it's due to FUD or other things. Because of this, in trading, we are very emphasized to do analysis and make decisions.
But if you don't take risks, then you won't earn any, like in business or real estate, where you've stated those people who take risks because they want a return and are hoping that their business will be successful. It is really a guess in gambling and luck, but there is still strategy, but again, comparing to trading, it is really far because in gambling, even if you have strategy, you still lose, whereas in trading, you will lessen your probability of losing, so it is really still good to learn trading as it requires time, unlike gambling, where you can play even if you don't know how to play it as there are simple instructions on it.
In the end, none of this is certain. whatever you do, then it won't be sure. no one knows that 100%. If you look at the uncertainty, then everything will be the same, even business or real estate. Who knew that opening a business or owning real estate would end in success. So many people have also lost money because of it.
However, if you look at the difference between trading and gambling there is a lot. Like in gambling, you don't need to do analysis, you just have to play and have fun. it is 100% guess. Besides, if you lose, then you will lose 100% of the money you have. While Trading, you will not lose all the assets you have, only the "value" will decrease due to certain circumstances, whether it's due to FUD or other things. Because of this, in trading, we are very emphasized to do analysis and make decisions.
However, if you look at the difference between trading and gambling there is a lot. Like in gambling, you don't need to do analysis, you just have to play and have fun. it is 100% guess. Besides, if you lose, then you will lose 100% of the money you have. While Trading, you will not lose all the assets you have, only the "value" will decrease due to certain circumstances, whether it's due to FUD or other things. Because of this, in trading, we are very emphasized to do analysis and make decisions.
Just like the others said, Bitcoin trading and gambling is not the same, instead they are differ to one another in several reason. It is because in Bitcoin trading you don't need to rely on luck, in which means your doing it because you know that in the long run yiu can get a nice profit if you are a long-term holder or short-term trader.
While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
Prices can move unpredictably but we still can do something to make our trades successful so I guess I can agree that it's not the same as gambling. Maybe there are other variations of trading which are more riskier and can be classified the same as gambling because we mostly need luck there than skill.While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
Trading and being a long-term holder are not the same so you shouldn't mix both of them. Long-term holder can be the same as investing but you are right, that you can be able to earn a profit on it in the long run just like it name says. Trading on the other hand is the opposite of it. In some forms of gambling like for example sports betting. I think it's possible to have a good confidence here but sometimes it can't do anything and we can still end up as a loser but even with trading, we can lose there as well. Both still has their own risks.
Gamble if you do look for entertainment and trade if you are going after for long term engagement on which can potentially bring out some profits if its done right. Although there are some gambling games
like poker and sports betting on which you could apply some strategy which it could be also good to be acting as a source of income and make a living with it but we know that not all would really be
ending up successful on this career. This is why it would really be just a trial and error basis. You would be making up some focus if you do find out that it is really that progressive on your side.
In gambling a lot of things that will determine your ability to win and make profit out of it is chiefly tied to luck. You can hardly hear of anyone saying he started winning trades making profits from it out if the blue without much knowledge of crypto trading, on a more serious note it's rare.
But at different times we have heard people testimonials of how their start with gambling was all a success in all their first three to five bets or more, in such statements you can picture luck coming into play at the center of it all but that's not the case with trading, it takes more than just luck to win your trades.
So lets not confuse the similarities between the two and assume both to be same venture. They could both involve risk taking but they're of different dimension and technicality.
Just like the others said, Bitcoin trading and gambling is not the same, instead they are differ to one another in several reason. It is because in Bitcoin trading you don't need to rely on luck, in which means your doing it because you know that in the long run yiu can get a nice profit if you are a long-term holder or short-term trader.
While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
Prices can move unpredictably but we still can do something to make our trades successful so I guess I can agree that it's not the same as gambling. Maybe there are other variations of trading which are more riskier and can be classified the same as gambling because we mostly need luck there than skill.While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
Trading and being a long-term holder are not the same so you shouldn't mix both of them. Long-term holder can be the same as investing but you are right, that you can be able to earn a profit on it in the long run just like it name says. Trading on the other hand is the opposite of it. In some forms of gambling like for example sports betting. I think it's possible to have a good confidence here but sometimes it can't do anything and we can still end up as a loser but even with trading, we can lose there as well. Both still has their own risks.
Gamble if you do look for entertainment and trade if you are going after for long term engagement on which can potentially bring out some profits if its done right. Although there are some gambling games
like poker and sports betting on which you could apply some strategy which it could be also good to be acting as a source of income and make a living with it but we know that not all would really be
ending up successful on this career. This is why it would really be just a trial and error basis. You would be making up some focus if you do find out that it is really that progressive on your side.
Their is no similarities between trading and gambling, its us that seen gambling as trading and why we do think of such is because of the risk that is involve in both, but if you are practicing trading you will know that the difference is pure and it's understandable because trading is a skill and we have to learn and understand the real things between trading and gambling is the point I made, because gambling have no skill you can acquire and claim and be proud of it, why in trading it requires skill, time and concentration, when people discuss that gambling is as same like trading, I do disagree with them.
Just like the others said, Bitcoin trading and gambling is not the same, instead they are differ to one another in several reason. It is because in Bitcoin trading you don't need to rely on luck, in which means your doing it because you know that in the long run yiu can get a nice profit if you are a long-term holder or short-term trader.
While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
Prices can move unpredictably but we still can do something to make our trades successful so I guess I can agree that it's not the same as gambling. Maybe there are other variations of trading which are more riskier and can be classified the same as gambling because we mostly need luck there than skill.While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
Trading and being a long-term holder are not the same so you shouldn't mix both of them. Long-term holder can be the same as investing but you are right, that you can be able to earn a profit on it in the long run just like it name says. Trading on the other hand is the opposite of it. In some forms of gambling like for example sports betting. I think it's possible to have a good confidence here but sometimes it can't do anything and we can still end up as a loser but even with trading, we can lose there as well. Both still has their own risks.
If you trade with emotions so yeah, trading and gambling are the same. But if you know the basics, you understand the only mutual thing is the risk.
Trading and gambling are two different things, either with emotions or not, what you will have to understand is their differences and the risk as you've mentioned already, being emotional is what can lead to any of the trading experience or gambling but that doesn't mean they are thesame, if you trade you earn with a little probability of loosing small amount of money, if you gamble you're liable to loose the whole money, trading is an investment while gambling a liability as some may believed.
Just like the others said, Bitcoin trading and gambling is not the same, instead they are differ to one another in several reason. It is because in Bitcoin trading you don't need to rely on luck, in which means your doing it because you know that in the long run yiu can get a nice profit if you are a long-term holder or short-term trader.
While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
While in gambling, you are risking your capital fund were your not sure if your going to win to gain in the end. Where in short you are relying on luck only to win in the game. And Bitcoin trading is not a game like you think.
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What i do consider trading based on chance, which is no different from gambling, is when some one with no knowledge enters a futures market, place orders and deep in their head, they don't know exactly what they are doing, in-fact, they within themselves know that they are just guessing the market and hoping they are right with their guess, this is what i call trading based on chance., which equals to gambling.
You are right, mate, trading is not really gambling, but only the trader can choose for themselves how they want to carry out their trading, and for a trader that handles trading as if it's gambling, there is a very low chance of making successful trades, and it can get to a point when they will also be chasing losses like gamblers do. This is very common among some newbie futures traders and some newbie forex traders. It's obvious that one can minimise their risk in trading, but only if they are really skilled and know how to use the Trading tools. They can also stop losses and take profits, but in gambling, once you wager an amount, you can't stop losses and take a profit.
If you trade with emotions so yeah, trading and gambling are the same. But if you know the basics, you understand the only mutual thing is the risk.
You can use analysis for both but as you've said that if someone doesn't do that and is mostly doing things according to his emotion then you're right that there's no actual difference.Personally, I consider trading a more legitimate and safer activity than gambling, which can be associated with addiction and other negative consequences. They may have similarities, but the differences between the two are significant. Either way, it is important to understand these differences before getting involved in either activity.
We've got the same thought about trading as a safer thing than gambling. You know that in gambling, at most times it will trigger you to lose your emotion. While in trading, it's always giving you a reminder that you shouldn't do that with your trades as if it's a very serious matter to be taken. Trading is risky like gambling but not as risky as gambling. When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins. But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gambling
I agree. Both involve risking money, only their approach and goal vary. In trading, we buy and sell assets intending to make a profit, while gambling involves risking money to win more. Decisions are based on research, analysis, and market trends in trading, while gambling is often based on chance and luck. Trading can be a long-term investment strategy, while gambling is typically more short-term and focused on immediate gains. Personally, I consider trading a more legitimate and safer activity than gambling, which can be associated with addiction and other negative consequences. They may have similarities, but the differences between the two are significant. Either way, it is important to understand these differences before getting involved in either activity.
Holding bitcoin is not the same thing as trading bitcoin. Gambling and trading are not the same thing too. Trading require you to learn trading skills but gambling require just some strategies. Trading can be risky like gambling, but they are not the same thing. If the price of bitcoin fall already, you can invest for months or years and you will most likely gain.
Trading is risky like gambling but not as risky as gambling. When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins. But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gamblingYou mean holding or spot trading? Yes, that is a possibility if the coin you are holding is worth it, but if not, then you've likely lost your money. Though you are right that gambling is more risky and one wrong decision can make you go broke, they are kind of incomparable because first, gambling is mostly based on luck, and somewhat there are skills on it like card games, but still you'll need some luck on it, unlike in trading, which is purely about your knowledge and skills, which make you win an entry or lose one.
Holding bitcoin is not the same thing as trading bitcoin. Gambling and trading are not the same thing too. Trading require you to learn trading skills but gambling require just some strategies. Trading can be risky like gambling, but they are not the same thing. If the price of bitcoin fall already, you can invest for months or years and you will most likely gain.
Trading is risky like gambling but not as risky as gambling. When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins. But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gambling legendary
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If you trade with emotions so yeah, trading and gambling are the same. But if you know the basics, you understand the only mutual thing is the risk.
I think you overlooked, I had explained above that EV- games predominate in gambling while trading other than spot are compared to be similar because they are based on chance. Some EV+ games are there and we also have spot trading both these groups require skills.What i do consider trading based on chance, which is no different from gambling, is when some one with no knowledge enters a futures market, place orders and deep in their head, they don't know exactly what they are doing, in-fact, they within themselves know that they are just guessing the market and hoping they are right with their guess, this is what i call trading based on chance., which equals to gambling.
Well, I'm not a gambling person but I'm definitely a bitcoin person. You cannot be 100% sure if you lose or win, that's true. But there are market predictions, there're bullish and bearish markets. So, it's not a total mystery. The more you trade, the more you understand the basics
Lose or Win terms are not applicable to Spot trading, you dont lose but you convert from one asset to another, technically it is not a loss unless that asset reaches near zero fiat valuation. But in trading modes other than spot, you will lose money because those are all in reality a method of gambling. The market trend is a term that is applicable to most spot trading.If you trade with emotions so yeah, trading and gambling are the same. But if you know the basics, you understand the only mutual thing is the risk.
I think you overlooked, I had explained above that EV- games predominate in gambling while trading other than spot are compared to be similar because they are based on chance. Some EV+ games are there and we also have spot trading both these groups require skills.
If you trade with emotions so yeah, trading and gambling are the same. But if you know the basics, you understand the only mutual thing is the risk.
For some time now I've been pondering on this matter, because I see similarity between bitcoin trading and gambling, so I'm wondering whether they're the same thing. My simple definition of gambling is "try your luck", because you don't know what will be the outcome of the game that you staked. Although calculation is involved in gambling, like forecasting and permutations to predict winnings. In the end it is fifty fifty or sixty forty chances of winning. At the same time you can not accurately predict bitcoin , because of it's volatile nature. You're not 100% sure whether you'll win or loose. Furthermore, I've leant on this forum that it's better to invest in bitcoin, with what you can afford to loose, meaning that it's not safe to invest your main capital. This is where I think that bitcoin is like gambling, because despite the accurate knowledge of bitcoin chart, you're never too certain of making gains, just like in casino, online betting and the rest.
From my observation, people don't have much regards for gamblers, they either see them as lazy people who don't like to work, or people who want to take shortcut to get rich. Although people are entitled to their opinions, but I don't like to categorize bitcoin in this group of " try your luck ". I know bitcoin is of a higher level, it's a decentralized digital currency that you can use to make transactions, at the same time you can cash in when the coin appreciates., or even trade it to make profit.
So having made all this comparisons, do you think that bitcoin can be classified as gambling?
Well, I'm not a gambling person but I'm definitely a bitcoin person. You cannot be 100% sure if you lose or win, that's true. But there are market predictions, there're bullish and bearish markets. So, it's not a total mystery. The more you trade, the more you understand the basics From my observation, people don't have much regards for gamblers, they either see them as lazy people who don't like to work, or people who want to take shortcut to get rich. Although people are entitled to their opinions, but I don't like to categorize bitcoin in this group of " try your luck ". I know bitcoin is of a higher level, it's a decentralized digital currency that you can use to make transactions, at the same time you can cash in when the coin appreciates., or even trade it to make profit.
So having made all this comparisons, do you think that bitcoin can be classified as gambling?
trading and gambling are two very different things even though both have a risk of loss, for me gambling relies on luck, but in trading it really requires proper knowledge and analysis in trading, in gambling if we are not lucky then we will obviously suffer losses and if in trading experiencing a decrease in price so we can still wait when the price is good.
Over here you are referring to EV- gambling games which are more commonly known to public and those are relying on luck, no doubt. But we also have EV+ games like poker, sportsbetting which require the gambler to have certain skills and practice them to maximize their winnings.Then in trading we have spot trading which is the buy/sell thing that everyone is aware of and we also have Futures, Leverage and all which are less known to public. Spot trading can be likened with EV+ gambling while the others with EV- gambling.
The point to note there is that exchanges will never market spot trading because its implied that it is going to be there. You have to decide whether you want to play with luck and reach huge profits/losses in short time or want to play it cool and get significant profits over time.
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