Can trading be considered as gambling?? - page 18.

geegaw

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Quote from: richminded on October 14, 2017, 08:05:38 AM

Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

Some people really think trading is also gambling well we have to admit that some part of the trading is gambling but for me it really depends on your goal and the mindset you have, in trading you really have to analyze the market so you can make good money in gambling my thought is you only depends on chances and the probabilty of winning is not that so high.

Yes, gambling and trading have some similarities but we can not consider trading as gambling because in gambling, we rely solely on luck, analytical skills and experience not used too much, in trading, we rely on analytical skills and experience, luck is only a part. In addition, in gambling only win and lose, when we make the final decision, we will not be able to stop but in trading we can lose but then can still win by holding and wait, and we can stop whenever we want, trading requires analysis and calculation, if we only rely on luck, we will fail quickly

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Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

Some people really think trading is also gambling well we have to admit that some part of the trading is gambling but for me it really depends on your goal and the mindset you have, in trading you really have to analyze the market so you can make good money in gambling my thought is you only depends on chances and the probabilty of winning is not that so high.

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Quote from: Monnt on October 04, 2017, 02:49:22 AM

Quote from: stadus on October 02, 2017, 07:37:18 AM

Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

It's pretty similar because we need money to bet on our prediction, however people call this a great way of gambling than a game we like
to play in a casino because with trading you can gain the advantage when you improve your knowledge but in casinos it will never happen as they have
that house edge all the time.

I never agree that gambling and trading are similar. Gambling is placing money over a game but in trading we don't place money over some useless game. Trading is a profession and traders are respected by the whole society while gamblers are never respected. People work hard when they adopt a profession while in gambling, there is no work. I have never considered gambling a useful activity.

similar doesn't mean totally same , you know that right. now i ask you , placing money to predict the price in trading and placing money to predict red or black in roulette game , is that same? NO , but is that similar? YES . so you could always consider it as a similar one , especially when you gamble randomly based on nothing just random guesses.

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Quote from: Monnt on October 04, 2017, 02:49:22 AM

Quote from: stadus on October 02, 2017, 07:37:18 AM

Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

It's pretty similar because we need money to bet on our prediction, however people call this a great way of gambling than a game we like
to play in a casino because with trading you can gain the advantage when you improve your knowledge but in casinos it will never happen as they have
that house edge all the time.

I never agree that gambling and trading are similar. Gambling is placing money over a game but in trading we don't place money over some useless game. Trading is a profession and traders are respected by the whole society while gamblers are never respected. People work hard when they adopt a profession while in gambling, there is no work. I have never considered gambling a useful activity.

I don't generalized my experience in gambling, honestly I lose money in gambling but now it lead me to understanding that I should only
bet a small amount of money to have fun. When betting big that is a real gamble and it's hard to accept when we are lose and that will lead us
to being emotional which is bad in gambling.

koumpesbtc

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Both trading and gambling include risk factors. In trading you can eliminate them (not all) by searching and learning about it (knowledge is everything).
In gambling you cannot eliminate any of the risk at all. You can count your odds but that's it. You are depending on luck.

Monnt

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Quote from: stadus on October 02, 2017, 07:37:18 AM

Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

It's pretty similar because we need money to bet on our prediction, however people call this a great way of gambling than a game we like
to play in a casino because with trading you can gain the advantage when you improve your knowledge but in casinos it will never happen as they have
that house edge all the time.

I never agree that gambling and trading are similar. Gambling is placing money over a game but in trading we don't place money over some useless game. Trading is a profession and traders are respected by the whole society while gamblers are never respected. People work hard when they adopt a profession while in gambling, there is no work. I have never considered gambling a useful activity.

siti25

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no, it can not. Trading and gambling may have some similarities, they are both risking money, but they are two different things. Gambling is risking money on a game, trading is risking money on something like a business. In gambling too, there are others who lose when we profit, and we also lose when others profit. But in trading, when we profit, does not mean there are others who lose.

Tungsten-1

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Quote from: Rhum142 on October 02, 2017, 11:49:09 AM

Trading and gambling are both fundamentally stochastic, that is unpredictable, and because of this they are often viewed negatively. We feel an “honest effort” has more predictability to it, and we may hold those who take too much risk in disdain. However, many who have tried their hand at a new business will attest to significant luck when successful. The goal of new wealth creation, and the time needed to develop a successful business, act to mitigate the risks involved. But then, traders and gamblers will often describe many years of practice before becoming successful.

No doubt both have risk and depend on future due to which it is not possible to make 100 percent correct predictions but a traders learn the art of knowing the unknown with the help of past experience whereas gamblers can't improve their prediction skills because they can't find a pattern in the outputs of random games like dice or slots. For me, both are totally different from each other.

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Quote from: Rhum142 on October 02, 2017, 11:49:09 AM

Trading and gambling are both fundamentally stochastic, that is unpredictable, and because of this they are often viewed negatively. We feel an “honest effort” has more predictability to it, and we may hold those who take too much risk in disdain. However, many who have tried their hand at a new business will attest to significant luck when successful. The goal of new wealth creation, and the time needed to develop a successful business, act to mitigate the risks involved. But then, traders and gamblers will often describe many years of practice before becoming successful.

Exactly they have some significant semblance and so I consider them the same except that gambling can be a quick killer compared to trading . Most successful traders rely on years of experience and I think those years of acquiring experience is a big gamble and they are likely to loose a lot and so it can be considered gambling.

megynacuna

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Trading is actually gambling but a controlled form of gambling. Years of experience can help you in trading but those years can also be years of hurt because you'd have lost a lot to acquire those experiences.

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Trading and gambling are both fundamentally stochastic, that is unpredictable, and because of this they are often viewed negatively. We feel an “honest effort” has more predictability to it, and we may hold those who take too much risk in disdain. However, many who have tried their hand at a new business will attest to significant luck when successful. The goal of new wealth creation, and the time needed to develop a successful business, act to mitigate the risks involved. But then, traders and gamblers will often describe many years of practice before becoming successful.

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Quote from: oHnK on October 02, 2017, 11:21:28 AM

Quote from: illicit on October 02, 2017, 06:06:29 AM

I think it depends if you are just buying the coin without checking it or doing some research or background check,
Or if you are just new you could consider it as gambling .

Some people have different strategy when they trade, sometimes people will consider everything before they trade but sometimes people will not and they make it looks like gamble. So this question actually depends on the person but for sure gambling is not the same as trading and we will have better chance in making money from trading compared with gambling

Trading would become gambling if you dont know on what you are doing.It would really be just like pure gambling just placing trades without any basis or knowledge but Trading with having preparations would really be a different story. We do know gambling is always basing on luck for you to win but on trading you would need skills and experience to be profitable on it.

oHnK

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Quote from: illicit on October 02, 2017, 06:06:29 AM

I think it depends if you are just buying the coin without checking it or doing some research or background check,
Or if you are just new you could consider it as gambling .

Some people have different strategy when they trade, sometimes people will consider everything before they trade but sometimes people will not and they make it looks like gamble. So this question actually depends on the person but for sure gambling is not the same as trading and we will have better chance in making money from trading compared with gambling

LuanX3

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Quote from: TravelMug on October 02, 2017, 09:57:25 AM

Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

Yes, as long as money is involved, then I think we can considered trading as gambling. Just like you have mentioned, we are hoping and putting money in the line in trading, its pretty much gambling in substance.

Quote from: emberbekas on October 02, 2017, 06:27:10 AM

Quote from: illicit on October 02, 2017, 06:06:29 AM

I think it depends if you are just buying the coin without checking it or doing some research or background check,
Or if you are just new you could consider it as gambling .

The difference between trading and gambling is so thin. Even in trading, self control will remain important. The common condition to know whether trader is a gambler or not is when the price move down so deep. If trader got panicked and sold their coins because afraid to lose more, then I consider such trader is a gambler.

Yes, that is what I'm telling, both have similar in a lot of factors and the very obvious in money in the line. Another is controlling our emotions, if we can't then you are going to lose. Just like in gambling, if you can't control yourself and don't know where to put the break, then there are very similar and the difference is very thin.

This has been long been argued and people always agreed to disagree and there have been two sides ever since. I guess it has similarities and it has differences, however the differences is quite different and far from each other that is why it makes both unique. I am on the side of that both of them are different from each other and it is different in terms of profits. In gambling there is really no profits to speak off unless you are the casino or bank.

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Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

Yes, as long as money is involved, then I think we can considered trading as gambling. Just like you have mentioned, we are hoping and putting money in the line in trading, its pretty much gambling in substance.

Quote from: emberbekas on October 02, 2017, 06:27:10 AM

Quote from: illicit on October 02, 2017, 06:06:29 AM

I think it depends if you are just buying the coin without checking it or doing some research or background check,
Or if you are just new you could consider it as gambling .

The difference between trading and gambling is so thin. Even in trading, self control will remain important. The common condition to know whether trader is a gambler or not is when the price move down so deep. If trader got panicked and sold their coins because afraid to lose more, then I consider such trader is a gambler.

Yes, that is what I'm telling, both have similar in a lot of factors and the very obvious in money in the line. Another is controlling our emotions, if we can't then you are going to lose. Just like in gambling, if you can't control yourself and don't know where to put the break, then there are very similar and the difference is very thin.

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Quote from: fuer44 on October 02, 2017, 06:45:21 AM

I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

It's pretty similar because we need money to bet on our prediction, however people call this a great way of gambling than a game we like
to play in a casino because with trading you can gain the advantage when you improve your knowledge but in casinos it will never happen as they have
that house edge all the time.

fuer44

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I also feel that trading is almost similar to gambling. because when we are trading we are also hoping to earn profit by way of betting. for example when we buy it cheap, we expect the market to go up and we sell it, whereas when we sell it when the market price drops from our purchase price, we will lose. almost the same as gambling. it just my opinion, what do you think about it?

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Quote from: emberbekas on October 02, 2017, 06:27:10 AM

Quote from: illicit on October 02, 2017, 06:06:29 AM

I think it depends if you are just buying the coin without checking it or doing some research or background check,
Or if you are just new you could consider it as gambling .

The difference between trading and gambling is so thin. Even in trading, self control will remain important. The common condition to know whether trader is a gambler or not is when the price move down so deep. If trader got panicked and sold their coins because afraid to lose more, then I consider such trader is a gambler.

It's a different game but we all have to guess the right result in order to win, however the risk in gambling is very big compared to trading.
In trading, if your prediction is wrong and you were able to buy a coin,you still have a chance to profit from as long as you will not sell it low, the good thing is that trading crypto currency is very profitable as the entire market is moving up.

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Quote from: illicit on October 02, 2017, 06:06:29 AM

I think it depends if you are just buying the coin without checking it or doing some research or background check,
Or if you are just new you could consider it as gambling .

The difference between trading and gambling is so thin. Even in trading, self control will remain important. The common condition to know whether trader is a gambler or not is when the price move down so deep. If trader got panicked and sold their coins because afraid to lose more, then I consider such trader is a gambler.

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Quote from: illicit on October 02, 2017, 06:06:29 AM

I think it depends if you are just buying the coin without checking it or doing some research or background check,
Or if you are just new you could consider it as gambling .

It is a gamble if you really don't know what trading is and you just buy the coins that you wish and think that's going to pump in the future. That's why there are traders also that considering it is a gamble because there are no clear future plans for some alt coins that they'd bought. The only thing they knew about it is that they believe on that coin and it has the future and this is a gamble for them.

Topic: Can trading be considered as gambling?? - page 18. (Read 21308 times)