Can trading be considered as gambling?? - page 42.

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Quote from: ethereumhunter on February 07, 2017, 11:16:14 PM

Quote from: --DarkSecrets-- on February 07, 2017, 09:15:40 PM

Quote from: dylanc on February 07, 2017, 08:04:55 PM

I guess trading has a large element of skill and judgement, so it can be considered not gambling.

Yes ,but it has a big difference when it come by using skills ,and trading is not like gambling to use some analysis and skills only .It is needed a big patient and predicting some movements in the market to earn.

indeed and what happen in trading is could not be predicting as the market is move by demand and supply, but in gambling, we only need to place a bets, waiting for the result and win or lose. sometimes gambling need skills too but its only for specific games like sports betting and the other games is based on the luck.

you understood it completely upside down!
you can never predict anything as long as you are gambling, becasue there is not way of predicting anything in gambling which is a game of luck.
but in trading there are lots of way known as analysis to predict the market movement and how price of a commodity is going to change. and that alone is a pretty huge difference.

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Quote from: --DarkSecrets-- on February 07, 2017, 09:15:40 PM

Quote from: dylanc on February 07, 2017, 08:04:55 PM

I guess trading has a large element of skill and judgement, so it can be considered not gambling.

Yes ,but it has a big difference when it come by using skills ,and trading is not like gambling to use some analysis and skills only .It is needed a big patient and predicting some movements in the market to earn.

indeed and what happen in trading is could not be predicting as the market is move by demand and supply, but in gambling, we only need to place a bets, waiting for the result and win or lose. sometimes gambling need skills too but its only for specific games like sports betting and the other games is based on the luck.

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Quote from: mirakal on February 06, 2017, 09:23:23 PM

Quote from: EdenHazard on February 06, 2017, 07:26:51 PM

Quote from: Mr.grin on February 05, 2017, 11:44:14 AM

I once read an article that said that trading would be a gambling game, when you do not know how the system works, and if you're just relying on luck. Well, the actual trading is a technique of analysis, you can predict where prices will be achieved on a coin, or the market price. and I think that it is a true statement.

i guess there is too much similarities between both trading and gambling then people consider each are the same thing. what makes me interesting are there few people only says "can gamble considered as trading?" .

if you think with that way you will find the actual answer.

The only similarity I saw is the risk factor, both are risky but the risk can be scaled or weighted depending on who performs the action. Gambling could be less risky when a professional gambler knows how to win and can do it consistently, and although trading in general is not as risky as gambling but if it's done by a trader who lacks education then that makes it riskier than gambling.

Correct while gambling is generally more risky than trading, things can change depending on the person that does it, someone that does not know how to drive a car is way more propense to suffer an accident than someone that does despite the fact both people are performing the same activity.

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Quote from: --DarkSecrets-- on February 07, 2017, 09:15:40 PM

Quote from: dylanc on February 07, 2017, 08:04:55 PM

I guess trading has a large element of skill and judgement, so it can be considered not gambling.

Yes ,but it has a big difference when it come by using skills ,and trading is not like gambling to use some analysis and skills only .It is needed a big patient and predicting some movements in the market to earn.

They are absolutely different and very far from what they are supposed to be. In gambling even you are not that good in any skills as long as you know how to do analysis and will read some predictions then you should be fine. But in trading it requires effort and patience because not just the bitcoins you need to invest with it, but also time.

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Quote from: dylanc on February 07, 2017, 08:04:55 PM

I guess trading has a large element of skill and judgement, so it can be considered not gambling.

Yes ,but it has a big difference when it come by using skills ,and trading is not like gambling to use some analysis and skills only .It is needed a big patient and predicting some movements in the market to earn.

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I guess trading has a large element of skill and judgement, so it can be considered not gambling.

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Quote from: mirakal on February 06, 2017, 09:23:23 PM

Quote from: EdenHazard on February 06, 2017, 07:26:51 PM

Quote from: Mr.grin on February 05, 2017, 11:44:14 AM

I once read an article that said that trading would be a gambling game, when you do not know how the system works, and if you're just relying on luck. Well, the actual trading is a technique of analysis, you can predict where prices will be achieved on a coin, or the market price. and I think that it is a true statement.

i guess there is too much similarities between both trading and gambling then people consider each are the same thing. what makes me interesting are there few people only says "can gamble considered as trading?" .

if you think with that way you will find the actual answer.

The only similarity I saw is the risk factor, both are risky but the risk can be scaled or weighted depending on who performs the action. Gambling could be less risky when a professional gambler knows how to win and can do it consistently, and although trading in general is not as risky as gambling but if it's done by a trader who lacks education then that makes it riskier than gambling.

Yes, you're right when you said gambling can be less risky if it done a pro cause a professional gambler will know the time to walk away. But I don't agree when you said trading is not risky cause it's and lack of education don't matter sometimes when it come to trading cause it all depend on luck.

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Quote from: crwth on February 07, 2017, 09:24:02 AM

Quote from: Oilacris on February 07, 2017, 05:18:04 AM

Quote from: Blitzboy on February 07, 2017, 04:32:50 AM

Quote from: Botnake on February 07, 2017, 01:16:23 AM

Quote from: phr0stbyt3 on February 06, 2017, 11:29:10 PM

Quote from: just_Alice on February 05, 2017, 12:27:59 PM

Yes, trading is like gambling in many ways. First of, like in gambling no one can actually predict what will happen next. In gambling it's about what number you will roll or what card will appear next. In trading it's about which coin will be pumped today and which will be dumped. Second, like in gambling, the higher the amount of money you risk in trading the higher your profit might be in case your predictions were right ones.

I agree with the points yoy gave to show similarities between trading and gambling. But generally trading is way more risky than gambling as gambling is mostly luck but in trading a really good strategy is required if a person thinks he has the skills to determine the price or other factors then trading is best for them but if you are beginner and has zero knowledge about trading then I would recommend you to stay away from trading.

Trading is for long term but not gambling, gambling will only give us some enjoyment as we go with it but in the long run, we will start to feel bored as we will realize that we keep losing money. Let us not trade like we are gambling, it's a serious venture, therefore we should treat it that way.

Risk is already part of it, it's its nature and we cannot eliminate it but we can mitigate it.

Yes, Trading is never as same as gambling due to what you mention above. Trading is a real earning activity and it can be considered as an appropriate job. Many people have chosen trading as a way of making money and most of them achieve some decent success with their trading career. Gambling is only a fun activity, a industry which is made to bring the joy and happiness to those dared to risk their money

You do have a point but still I could able to say that it also considered as gambling specially when you don't have any idea on how to trade It would really be like gambling since you are trading so very risky and I agree with you with you trading would really become a real earning activity in longer runs unlike on gambling which results are fully random.

Well, when you do that blindly, probably you're going to be risking your money, and that is gambling. It's not technically gambling, but it is like it. There is the only danger of losing few money instead of losing it all (Except if you really bought a large amount and unluckily that coin, you invested in, loses its value) Soon. I will be practicing trading myself.

- Trading is not like gambling. The nature of the trading is based on the strategy, analysis and skills to search suitable transaction, you need to have a lot of experience to deal with problems in trading, luck is only part of the success in trading
- Gambling is completely based on luck, strategies or analysis is only suitable for sports gambling, and it's not really efficient. Gambling can not become source of income
- I think trading and gambling have many similarities as risk factors, luck, ... However, We can not considered trading as gambling, we have similarities but the nature is really different

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Quote from: butcherboss on December 24, 2016, 03:01:56 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.

That's depend on the individuals, maybe some of us here, they treat trading just like a gambling type. But for me doing trade is a kind of business on which you think you are the one who responsible of how are you gonna multiply your investment, which you are going to use the imagination you have in the business together with your prediction and analysis. unlike in gambling you do it for fun or entertainment or hoping to find your luck in the gambling, just like that.

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Quote from: Oilacris on February 07, 2017, 05:18:04 AM

Quote from: Blitzboy on February 07, 2017, 04:32:50 AM

Quote from: Botnake on February 07, 2017, 01:16:23 AM

Quote from: phr0stbyt3 on February 06, 2017, 11:29:10 PM

Quote from: just_Alice on February 05, 2017, 12:27:59 PM

Yes, trading is like gambling in many ways. First of, like in gambling no one can actually predict what will happen next. In gambling it's about what number you will roll or what card will appear next. In trading it's about which coin will be pumped today and which will be dumped. Second, like in gambling, the higher the amount of money you risk in trading the higher your profit might be in case your predictions were right ones.

I agree with the points yoy gave to show similarities between trading and gambling. But generally trading is way more risky than gambling as gambling is mostly luck but in trading a really good strategy is required if a person thinks he has the skills to determine the price or other factors then trading is best for them but if you are beginner and has zero knowledge about trading then I would recommend you to stay away from trading.

Trading is for long term but not gambling, gambling will only give us some enjoyment as we go with it but in the long run, we will start to feel bored as we will realize that we keep losing money. Let us not trade like we are gambling, it's a serious venture, therefore we should treat it that way.

Risk is already part of it, it's its nature and we cannot eliminate it but we can mitigate it.

Yes, Trading is never as same as gambling due to what you mention above. Trading is a real earning activity and it can be considered as an appropriate job. Many people have chosen trading as a way of making money and most of them achieve some decent success with their trading career. Gambling is only a fun activity, a industry which is made to bring the joy and happiness to those dared to risk their money

You do have a point but still I could able to say that it also considered as gambling specially when you don't have any idea on how to trade It would really be like gambling since you are trading so very risky and I agree with you with you trading would really become a real earning activity in longer runs unlike on gambling which results are fully random.

Well, when you do that blindly, probably you're going to be risking your money, and that is gambling. It's not technically gambling, but it is like it. There is the only danger of losing few money instead of losing it all (Except if you really bought a large amount and unluckily that coin, you invested in, loses its value) Soon. I will be practicing trading myself.

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Quote from: Blitzboy on February 07, 2017, 04:32:50 AM

Quote from: Botnake on February 07, 2017, 01:16:23 AM

Quote from: phr0stbyt3 on February 06, 2017, 11:29:10 PM

Quote from: just_Alice on February 05, 2017, 12:27:59 PM

Yes, trading is like gambling in many ways. First of, like in gambling no one can actually predict what will happen next. In gambling it's about what number you will roll or what card will appear next. In trading it's about which coin will be pumped today and which will be dumped. Second, like in gambling, the higher the amount of money you risk in trading the higher your profit might be in case your predictions were right ones.

I agree with the points yoy gave to show similarities between trading and gambling. But generally trading is way more risky than gambling as gambling is mostly luck but in trading a really good strategy is required if a person thinks he has the skills to determine the price or other factors then trading is best for them but if you are beginner and has zero knowledge about trading then I would recommend you to stay away from trading.

Trading is for long term but not gambling, gambling will only give us some enjoyment as we go with it but in the long run, we will start to feel bored as we will realize that we keep losing money. Let us not trade like we are gambling, it's a serious venture, therefore we should treat it that way.

Risk is already part of it, it's its nature and we cannot eliminate it but we can mitigate it.

Yes, Trading is never as same as gambling due to what you mention above. Trading is a real earning activity and it can be considered as an appropriate job. Many people have chosen trading as a way of making money and most of them achieve some decent success with their trading career. Gambling is only a fun activity, a industry which is made to bring the joy and happiness to those dared to risk their money

You do have a point but still I could able to say that it also considered as gambling specially when you don't have any idea on how to trade It would really be like gambling since you are trading so very risky and I agree with you with you trading would really become a real earning activity in longer runs unlike on gambling which results are fully random.

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Quote from: Botnake on February 07, 2017, 01:16:23 AM

Quote from: phr0stbyt3 on February 06, 2017, 11:29:10 PM

Quote from: just_Alice on February 05, 2017, 12:27:59 PM

Yes, trading is like gambling in many ways. First of, like in gambling no one can actually predict what will happen next. In gambling it's about what number you will roll or what card will appear next. In trading it's about which coin will be pumped today and which will be dumped. Second, like in gambling, the higher the amount of money you risk in trading the higher your profit might be in case your predictions were right ones.

I agree with the points yoy gave to show similarities between trading and gambling. But generally trading is way more risky than gambling as gambling is mostly luck but in trading a really good strategy is required if a person thinks he has the skills to determine the price or other factors then trading is best for them but if you are beginner and has zero knowledge about trading then I would recommend you to stay away from trading.

Trading is for long term but not gambling, gambling will only give us some enjoyment as we go with it but in the long run, we will start to feel bored as we will realize that we keep losing money. Let us not trade like we are gambling, it's a serious venture, therefore we should treat it that way.

Risk is already part of it, it's its nature and we cannot eliminate it but we can mitigate it.

Yes, Trading is never as same as gambling due to what you mention above. Trading is a real earning activity and it can be considered as an appropriate job. Many people have chosen trading as a way of making money and most of them achieve some decent success with their trading career. Gambling is only a fun activity, a industry which is made to bring the joy and happiness to those dared to risk their money

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Quote from: Botnake on February 07, 2017, 01:16:23 AM

Quote from: phr0stbyt3 on February 06, 2017, 11:29:10 PM

Quote from: just_Alice on February 05, 2017, 12:27:59 PM

Yes, trading is like gambling in many ways. First of, like in gambling no one can actually predict what will happen next. In gambling it's about what number you will roll or what card will appear next. In trading it's about which coin will be pumped today and which will be dumped. Second, like in gambling, the higher the amount of money you risk in trading the higher your profit might be in case your predictions were right ones.

I agree with the points yoy gave to show similarities between trading and gambling. But generally trading is way more risky than gambling as gambling is mostly luck but in trading a really good strategy is required if a person thinks he has the skills to determine the price or other factors then trading is best for them but if you are beginner and has zero knowledge about trading then I would recommend you to stay away from trading.

Trading is for long term but not gambling, gambling will only give us some enjoyment as we go with it but in the long run, we will start to feel bored as we will realize that we keep losing money. Let us not trade like we are gambling, it's a serious venture, therefore we should treat it that way.

Risk is already part of it, it's its nature and we cannot eliminate it but we can mitigate it.

We have to embrace the risk and manage it, all aspects that would affect our trading activities should be known to us, since it's important to know what the are risk and the opportunities we have. Having that information considered, we will be able to analyze then what are the appropriate actions we should take. The longer you will do trading, you will grow for sure, it's not an instant journey but a continuous one so we should be open for any changes.

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Quote from: phr0stbyt3 on February 06, 2017, 11:29:10 PM

Quote from: just_Alice on February 05, 2017, 12:27:59 PM

Yes, trading is like gambling in many ways. First of, like in gambling no one can actually predict what will happen next. In gambling it's about what number you will roll or what card will appear next. In trading it's about which coin will be pumped today and which will be dumped. Second, like in gambling, the higher the amount of money you risk in trading the higher your profit might be in case your predictions were right ones.

I agree with the points yoy gave to show similarities between trading and gambling. But generally trading is way more risky than gambling as gambling is mostly luck but in trading a really good strategy is required if a person thinks he has the skills to determine the price or other factors then trading is best for them but if you are beginner and has zero knowledge about trading then I would recommend you to stay away from trading.

Trading is for long term but not gambling, gambling will only give us some enjoyment as we go with it but in the long run, we will start to feel bored as we will realize that we keep losing money. Let us not trade like we are gambling, it's a serious venture, therefore we should treat it that way.

Risk is already part of it, it's its nature and we cannot eliminate it but we can mitigate it.

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Quote from: just_Alice on February 05, 2017, 12:27:59 PM

Yes, trading is like gambling in many ways. First of, like in gambling no one can actually predict what will happen next. In gambling it's about what number you will roll or what card will appear next. In trading it's about which coin will be pumped today and which will be dumped. Second, like in gambling, the higher the amount of money you risk in trading the higher your profit might be in case your predictions were right ones.

I agree with the points yoy gave to show similarities between trading and gambling. But generally trading is way more risky than gambling as gambling is mostly luck but in trading a really good strategy is required if a person thinks he has the skills to determine the price or other factors then trading is best for them but if you are beginner and has zero knowledge about trading then I would recommend you to stay away from trading.

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Quote from: FlightyPouch on February 01, 2017, 05:23:34 PM

Quote from: frendsento on December 24, 2016, 11:02:57 PM

as for me who just starting when it comes to trading I still observe and study the market , investing in one particular coin is very risky for me because I'm not quite sure if it's gonna go up or down , for me it is considered gambling because it involved 'risks'

Thats what Im saying, everything that involve risks can be considered as a gamble. As a bitcoin user, we must be really alert on how the price are moving, it is important as a user and trader. In my case, sometimes i change my bitcoin to fiat so I can buy stuffs, so before i change it, i will check if there will be a rise or fall in that week. It is really a gamble, but trading is not a gamble that will ruin or take our money away from us.

Everything involves risk but not everything is a gamble, driving your car has a risk but that does not mean you need to drive like a mad man, you can reduce your risk by driving safely and following the rules of the road.

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In terms of risk involved, trading cannot be considered similar to gambling because these days everyone is aware of the potential of bitcoin moving up rather than going down. This assures the traders at least a small profit. In terms of investment both can be considered the same, because more the investment more will be the earning. With gambling here the risk increases depending upon the luck.

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Quote from: mirakal on February 06, 2017, 09:23:23 PM

The only similarity I saw is the risk factor, both are risky but the risk can be scaled or weighted depending on who performs the action. Gambling could be less risky when a professional gambler knows how to win and can do it consistently, and although trading in general is not as risky as gambling but if it's done by a trader who lacks education then that makes it riskier than gambling.

How can gambling be less risky than trading? Even when someone uneducated trades he will never take a full loss. This means that if the prices start falling he can sell and take back most of his investment.
In gambling you place a bet and if you lose that bet is gone! Gambling will always be more risky than trading.

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Quote from: mirakal on February 06, 2017, 09:23:23 PM

Quote from: EdenHazard on February 06, 2017, 07:26:51 PM

Quote from: Mr.grin on February 05, 2017, 11:44:14 AM

I once read an article that said that trading would be a gambling game, when you do not know how the system works, and if you're just relying on luck. Well, the actual trading is a technique of analysis, you can predict where prices will be achieved on a coin, or the market price. and I think that it is a true statement.

i guess there is too much similarities between both trading and gambling then people consider each are the same thing. what makes me interesting are there few people only says "can gamble considered as trading?" .

if you think with that way you will find the actual answer.

The only similarity I saw is the risk factor, both are risky but the risk can be scaled or weighted depending on who performs the action. Gambling could be less risky when a professional gambler knows how to win and can do it consistently, and although trading in general is not as risky as gambling but if it's done by a trader who lacks education then that makes it riskier than gambling.

The risk is present in both, therefore when doing this, it is important that we understand the risk so it can manage properly. Gambling is a game of fun and supposedly it should not be paid to gain money, we must do it in trading as there are more chances we can be profitable in trading.

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Quote from: EdenHazard on February 06, 2017, 07:26:51 PM

Quote from: Mr.grin on February 05, 2017, 11:44:14 AM

I once read an article that said that trading would be a gambling game, when you do not know how the system works, and if you're just relying on luck. Well, the actual trading is a technique of analysis, you can predict where prices will be achieved on a coin, or the market price. and I think that it is a true statement.

i guess there is too much similarities between both trading and gambling then people consider each are the same thing. what makes me interesting are there few people only says "can gamble considered as trading?" .

if you think with that way you will find the actual answer.

The only similarity I saw is the risk factor, both are risky but the risk can be scaled or weighted depending on who performs the action. Gambling could be less risky when a professional gambler knows how to win and can do it consistently, and although trading in general is not as risky as gambling but if it's done by a trader who lacks education then that makes it riskier than gambling.

Topic: Can trading be considered as gambling?? - page 42. (Read 21308 times)