Can trading be considered as gambling?? - page 24.

RedX

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Quote from: butcherboss on December 24, 2016, 04:01:56 PM

I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??

Please tell me what do you think.

No, technically not. It just feels you are gambling but you can control it by using analysis. It's a bit difficult compared to gambling because you need to do some research. Gambling is really fast while trading needs patience because there will be times that you feel like nothing is happening.

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Quote from: Blitzboy on July 21, 2017, 07:00:39 PM

Quote from: GlassMaster on July 21, 2017, 09:25:57 AM

I think that trade is not like gambling, because with the acquisition of experience and knowledge it is possible to consistently receive a good income unlike gambling which is based only on luck.

For me too. Gambling is never the same as trading unless trader do not know how to trade. Without skills and techniques, trading can be considered as gambling. However, if you have obtained a good knowledge about this field, trading will become the profitable activity and according to what I have experienced, most of trading experts know how to make money with trading

proccess , yes in trading there is a lot of process you should go for .

and mostly people who trading for the first time just want an instant profit without huge sacrifice and efforts in it. and gambling give them something that they want, no wonder in the end people do trade with gambling style.

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Quote from: shintosai on July 21, 2017, 10:20:11 AM

Quote from: GlassMaster on July 21, 2017, 09:25:57 AM

I think that trade is not like gambling, because with the acquisition of experience and knowledge it is possible to consistently receive a good income unlike gambling which is based only on luck.

almost all of us here knew that but its also needed some luck with trading in order to earn much better as we see that inside crypto fluctuations always happen so even you did study particular project there's still possibilities that it will fall down so you still need some good luck to earn too.

If you invest in any good coins and can wait for it to recover, then you will not make much losses in trading. But people who go to trading for quick profits like a day trading then it is quite risky. Because of more volatility in the crypto market traders can make a better profits otherwise traders can't make a profit from more stable markets.

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Quote from: GlassMaster on July 21, 2017, 09:25:57 AM

I think that trade is not like gambling, because with the acquisition of experience and knowledge it is possible to consistently receive a good income unlike gambling which is based only on luck.

For me too. Gambling is never the same as trading unless trader do not know how to trade. Without skills and techniques, trading can be considered as gambling. However, if you have obtained a good knowledge about this field, trading will become the profitable activity and according to what I have experienced, most of trading experts know how to make money with trading

shintosai

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Quote from: GlassMaster on July 21, 2017, 09:25:57 AM

I think that trade is not like gambling, because with the acquisition of experience and knowledge it is possible to consistently receive a good income unlike gambling which is based only on luck.

almost all of us here knew that but its also needed some luck with trading in order to earn much better as we see that inside crypto fluctuations always happen so even you did study particular project there's still possibilities that it will fall down so you still need some good luck to earn too.

Roboabhishek

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Trading is not actually gambling but actually close to it.
In both, the cases are placing odds with a base amount in hope to get good return and both have a risk of loosing.
In the case of trading you might not lose whole amount but in gambling, you will lose all the amount you placed a bet on.

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I think that trade is not like gambling, because with the acquisition of experience and knowledge it is possible to consistently receive a good income unlike gambling which is based only on luck.

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Quote from: fitty on July 20, 2017, 07:55:03 PM

I think yes it can be considered as trading if you are gambling on different currency and you have to switch to another currency when you win or when you will withdraw your funds.For example youre playing at eth and you convert it on bitcoin

Trading or gambling all have the same risk. Because trading and gambling are risking money just for the sake of something that is uncertain. But emmang if you do exchange money with the aim of seeking huge profits, then surely it is trading. All the benefits you can get if you could improve or you want to work hard and do not have excessive appetite. self control is absolutely needed in it

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Quote from: wolfgang56 on July 20, 2017, 08:37:52 PM

Quote from: butcherboss on December 24, 2016, 04:01:56 PM

I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??

Please tell me what do you think.

Absolutely no. Trading acquires skills and knowledge so you can perform it better. Meanwhile in gambling, you'll need just a luck so you can win the game. It doesn't matter how long you gamble since the probability of luck between the newbie and long time gambler still the same.

Trading also can not be considered as gambling because in gambling we are risking our money on the game, while in trading we are risking our money on real business, so trading is clearly different from gambling.

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Quote from: eann014 on July 21, 2017, 06:23:31 AM

Quote from: DrGuns4Hands on June 19, 2017, 02:18:13 AM

Can trading be considered as gambling? No. But both of them are risky to take. For me, it's better to invest your money in any gambling sites than trading because in trading, you don't have any idea or exact date where your money will return to you. You will be clueless as possible but in gambling you just have to analyze and then bet

It is still depend on a person, if the person knows gambling and trading at the same time for sure, that person would choose trading than gambling, we all know that both of them have risk but depends on how you handle it, if you know when to buy and sell your bitcoin and how to really trade or have a good knowledge in trading you will surely get profit/huge profit in a long run, people who trade are people who thinks for future, but people who gambles are people who just want to take more risk, and just want entertainment.

He will choose what brings him profit and it depends on his ability but most likely trading is the best option for money since the success rate in
gambling is very low. I am a trader and a gambler at the same time and I would say I do trade seriously that's why I gamble for fun only.
I can do both effectively because they serve different purpose in my life.

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Quote from: Colt22 on July 20, 2017, 07:50:29 PM

Quote from: jossiel on July 20, 2017, 07:12:12 PM

With the risk you take in trading and gambling is the same.

Well we have different suggestions and views on this matter. I don't find it the same but they are both making money.

Good points is as long as you fit to any of them doesn't matter at all.

Te risk in both of them is same only in the case when the person who trade do not have any skills and experience in trade and even do not have knowledge otherwise if he have skills, knowledge and experience then he will earn faster and conveniently in trading rather than in gambling. IN gambling only luck is often beneficial to win.

Sometimes it is the same when it comes to the risk but it's not in the end, I realized it today.

Risk in gambling and trading depends on how you will see these two things. But if you are good in trading, gamble only sometimes.

Enrich your skill in trading to make better profit.

eann014

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Quote from: DrGuns4Hands on June 19, 2017, 02:18:13 AM

Can trading be considered as gambling? No. But both of them are risky to take. For me, it's better to invest your money in any gambling sites than trading because in trading, you don't have any idea or exact date where your money will return to you. You will be clueless as possible but in gambling you just have to analyze and then bet

It is still depend on a person, if the person knows gambling and trading at the same time for sure, that person would choose trading than gambling, we all know that both of them have risk but depends on how you handle it, if you know when to buy and sell your bitcoin and how to really trade or have a good knowledge in trading you will surely get profit/huge profit in a long run, people who trade are people who thinks for future, but people who gambles are people who just want to take more risk, and just want entertainment.

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If we are trading blindly, choosing stocks that is alien to us, or we have zero knowledge on the coins/items we are buying for investment, then I think it is considered as gambling since we do not know the outcome of the trade and we rely on the unknown factor but if we research deligently and do our assignment then trading is far from gambling since we can nullify risk there or if not can at least manage risk. We can even profit even if the trading gone worst by taking advantage of the fluctuation while it is crashing.

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Quote from: butcherboss on December 24, 2016, 04:01:56 PM

I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??

Please tell me what do you think.

I cannot consider trading as gambling, because trading for me is a kind of resources where we can get profit through buying altcoins or bitcoin to their exchange platform which can be called an assets. This is not the same as gambling were trading is depend on luck compare into gambling that always depending to their luck.

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Quote from: butcherboss on December 24, 2016, 04:01:56 PM

I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??

Please tell me what do you think.

maybe yes or no. Yes as you gamble or trade, you are betting your money and there are risks that you will lost money. No because you might lost all in gambling, but in trading you only lost the difference of prices

ReindeerOnMe

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Quote from: butcherboss on December 24, 2016, 04:01:56 PM

I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??

Please tell me what do you think.

Gambling is not trading that ia clear as day. Gambling can give you a mental disorder like addiction and depression. Trading on the other hand are making yourself aware and making your brain thinking making it active also, it is a like a good and bad but more on good than bad.

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Quote from: fitty on July 20, 2017, 07:55:03 PM

I think yes it can be considered as trading if you are gambling on different currency and you have to switch to another currency when you win or when you will withdraw your funds.For example youre playing at eth and you convert it on bitcoin

That is not trading but it is considered as converting, converting and trading may look the same but entirely it is not. The good explanation to these is when you trade, you are putting your money into some altcoin, or maybe bitcoin then finding another that has a potential of pumping, and then you trade your coins there, and do that again in another coin. In short, you are risking your money like betting.

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Quote from: butcherboss on December 24, 2016, 04:01:56 PM

I want to know what you guys think about this, I have stopped gambling but still trade so does this mean I am still gambling?? I don't trade on basis of luck I trade using my skills would it still be considered gambling??

Please tell me what do you think.

Absolutely no. Trading acquires skills and knowledge so you can perform it better. Meanwhile in gambling, you'll need just a luck so you can win the game. It doesn't matter how long you gamble since the probability of luck between the newbie and long time gambler still the same.

fitty

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I think yes it can be considered as trading if you are gambling on different currency and you have to switch to another currency when you win or when you will withdraw your funds.For example youre playing at eth and you convert it on bitcoin

Colt22

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Quote from: jossiel on July 20, 2017, 07:12:12 PM

With the risk you take in trading and gambling is the same.

Well we have different suggestions and views on this matter. I don't find it the same but they are both making money.

Good points is as long as you fit to any of them doesn't matter at all.

Te risk in both of them is same only in the case when the person who trade do not have any skills and experience in trade and even do not have knowledge otherwise if he have skills, knowledge and experience then he will earn faster and conveniently in trading rather than in gambling. IN gambling only luck is often beneficial to win.

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