Topic: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game - page 10. (Read 3437 times)

For me, you are merely neutral here which was supposed not to be so as you say good and risk of the two and narrow it down to being a function of luck, so it is still about moving around a circle on the same matter. However, the clear thing is that trading/investment is a business but gambling is not, and never will it be. And when we talk about luck, I beat my cheat to tell you that you do not need it in trading/investment, once you are good at it, you get to override anything and make your money regularly. But you can't say the same thing in gambling, you actually need luck in gambling, and even as luck is just an expression like I always say, gamblers still need it because most of the gambling activities are wired in such a way that is random in outcomes, your expertise can't crack it. This means that you cannot use analysis to actually know what would happen because they are already written in codes which will not bring out an outcome in a certain pattern for you not to be getting it and be winning all ways.

Don't you think that if a certain arithmetic and pattern are what casinos are functioning with people would not run the business down by now? Of course, that is what would happen because it will only take a few days for people to know how it works and will be telling others how to cheaply make money as well. This is why casinos cannot afford not to find a random pattern for the outcomes which makes it depend greatly on luck, though some aspect of gambling like sports betting requires not only luck but also your skills. My question, is it happening in trading like that? Certainly not. Trading is a business and when you know it, you get to analyse it rightly, and if you are so good at it, you can still attain an accuracy of over 95%. Yes, you heard me, 95%, is that not almost perfect?

But in gambling, no amount of accuracy you have that can make you attain that feat at all. Needless to say that, if you are a bad trader, you can gamble and this is a different thing entirely. Also note that there are gambling aspects of trading/investment, which is the Options or Binary option trading. Options trading (gambling) is different from normal trading to tell you that they are just different.

It is interesting. The difference that he is specialist in trading and i`m specialist in gambling. I`m winning for 3 years. Of course, not all my bets, some times even week can be with debt, but every month i get profit. Sometimes big, sometimes small enough. But i said that i have to split time between family, hobbies, job and gambling. For stable winning you have to work hard, in any other way it will be only luck.


I understand sport betting. I get stable profit here. I don`t understand trading. For me trading like casino games - i can win, i can lose, i don`t know when buy and when sell.

both gambling and trading can make us good money but we must always remember that not all the time we got profit cause there's a possibility that we will loss our money  especially in gambling not all the time we can make a good profits cause it will base on luck and if we don't have luck then we can't win in gambling also in trading if we are not lucky enough then we loss our Money.  So in both of these we need a good strategy band luck so that we can make s profit in the future.

I don't think means casino owners playing gamblers like cheating on them, no. He is probably discussing in the area of losses and profit that those who gamble encounter risk of loses while owners of casinos, brokers of stocks and trading exchanges seat back and pick up profit interms of commission from the gamblers.

Yeah, so I think they are service providers and they have undertaking their own risk by their investment on their platform including all the facilities that will ensure the platform is alive, looking good not excluding graphics, payment to workers on their salaries, repairs and to carry out maintenance, back ups to ensure the platform or casino doesn't abruptly get shut down. Therefore, owners take care of expenses to provide services for users and that is also how they incure their own challenges to give some gamblers fun and profit while others are not lucky enough and they end up in loses.

What he says is very interesting, because clearly in trading there are ways to operate to protect our money, it just takes a lot of concentration, but in the game I have not found any regrets about making it possible to protect it, because it is always dependent on the luck, and that's something you can't control.

On the other hand, when you say protect in trade, there is a way that I don't know if you have done, I read that strategy in a Livermore book, and applying it to the current market it is as if you put your money in bitcoin in Long, but you want to protect your position, then you open another position in Shrot and with a leverage, a leverage that you can handle, then if the Long position begins to fall or the market goes against the Short you can win, and It is done in such a way that if we lose in LONG, in Short we would be earning the normal amount and above the Long, and since it is more difficult for the market to go in LONG, it is easy to disable the Sshort option, but this is something very risky, only with nerves of steel and with great care can you make good movies.

Now to find out how to protect the balance in a casino, well things are different, what I can say is that to protect yourself is to play with the minimum balance and establishing a small amount willing to lose, is what occurs to me.

But the previous one that I said was for only traders, and it is risky, but it is protection, but based on an investment, it is recommended to leave it in Bitcoin and be more aware that it is rising.

I marked the main difference between us
I`ve got nice results(as for me) in gambling and know how to make money here. But the same time i don`t have time/skills/knowledge for trading. I think that you have the same situation if we change gambling and trading.
The result is the same. I protect my way of getting profit, you protect your way. I sure that you believe, that getting stable profit from gambling just a luck, but the same i think about trading.
PS. I have some long time assets, but i don`t trade.

I can see you are making a twist now because purchasing an asset for years was an illustration of what we do in the financial market in contrast to gambling on casinos which is what we are differentiating here. We did not relate it to the situation of liquidation of the company the way you are now driving it towards it. Don't you think that's a different ballgame as the mode of operation is different from the safety concern which is not peculiar to the financial market alone? But notwithstanding, there are still answers for them. I've lived in the trading/investment environment for years (a year to 2 decades) and I've never been swindled by a broker or been affected by a broker's insolvency to date. Anyone who is affected by this can only be considered a novice or not smart.

As I always advise, it is better you carefully select the broker you would use for your investments and trading activities unless you do not have a reasonable amount of assets with them or you are just not serious about the investment. I make sure that all my brokers are truly Regulated and "Insured." This is not a child's play for me, it is a serious business. Aside from that, if you are relating the insolvency to brokerage companies, can't casinos go insolvent as well? That is why I do not see that as a valid point since it is a deviation from what we are both trying to establish which is relating to the core functions and risks of both classes of business in relation to their mode of operation.

Stocks can play you, investment brokers can as well play you when you're into making business with them because you cant trust people when it comes to issues that pertains money being involved, but a reputable casino is not playing you and cant play you, you're gambling for fun and not for business the way you do with stock markets and crypto brokers, gambling gives us fun and we are playing games at the course and this is strictly different from making business.

If some company becomes bankrupt your asset costs nothing. The same time your asset is virtual asset. If you buy gold bar for example - it would be a real asset. And if i use money management correct in gambling - i can`t lose on a distance, i tested it for more than 3 years.
The difference is that you can own your asset for years, but look at cryptocurrency shitcoins - i have 5-10 of them and i can sell it anybody.

I quite understand your point and I must say it is constructive enough, but you are not looking at the utility and security aspects of the two. The FX and other similar financial market trading instruments (commodities e.g. Gold, energy e.g. Crude oil) and many more offer you to actually buy something. You are not buying anything when you gamble, you are only taking a direct risk at that time. Nonetheless, the risk is present in trading as well but you will not get liquidated if you plan your investment correctly, yes, we have traders who hold positions for so long. It could run for years and you still not get liquidated and continue to own the asset (and not money as in the case of gambling) electronically if your risk management and speculations are right.

Is that possible in gambling? Certain No. Gambling is also time-fixed, it has its expiry time and no matter how self-deceiving you think you own the asset in gambling, there is a maximum time you can own it whether you like it or not. There is no limit to the time you can own that asset in trading but you can only lose if you take a higher risk than necessary. This is why I often advise that we should be professional in our trading, otherwise, we gamble. These two are not just the same thing even though they have a few similarities, and this similarity is what confuses people, just like you now.

I don't think this kind of work is very risk-free. 
Although, of course, it is profitable and obviously they simply would not exist if they did not have good profits from clients.  As for the risk, it is of course likely to be reduced if the broker gains experience along the way.  But this experience can take many years, and by the way, the work itself is very nervous.  Almost always, the broker is worried while waiting for the results of how much his and his clients’ assets have become worth where he has invested these assets.  This expectation provokes a stressful situation.  And this happens all the time, one might say on a conveyor belt.  As a result, the nervous system is depleted, and as you know, nerve cells are not restored and the health of such a person is gradually lost much faster than that of an ordinary employee working at work without constant stress. 
In this case, I would consider such work very risky.

are we forgetting that those people who use brokers also benefit from them? hence why i dont think it’s that bad of a thing for brokers to have a little commission here and there. nothing bad about their jobs especially that is where they are earning money … it seems like a job that is very profitable and risk-free so why not do it? 

Let`s i answer your example.
I bet $500 with the odd 1.5 i get $750. If i make a bet i own that asset and i can mostly sell it before the result. May be cheaper, for $300 if the game is not so good as i thought, or may be higher - for $600. The same situation in trading - you have an asset that can not only grow up. The only difference, that you asset mostly costs something. And if we talk about leverage trading - there is no difference with gambling. Some moment you catch stop-loss and lose all your depo.

Someone say that trading is a science. The others say that it is just luck. The same i hear about gambling.

In my opinion, the situation is as follows. 

With all due respect to Monero, I must say that it is now becoming more and more difficult to use this coin.  First of all, I mean the fact that both Monero and other privacy coins are increasingly becoming the object of study by law enforcement agencies and their use immediately begins to indirectly, but negatively affect the person using them.  The second aspect that also does not contribute to their spread is the fact that the increase in the rate of confidential coins in relation to Bitcoin and Ethereum and coins such as Solana or Cardano is proceeding at a slower pace.  This is clearly visible, for example, in the way Monero dropped quite significantly in the CMC or Coingecko rankings in the first hundred coins by their capitalization.  It turns out that holding Monero simply becomes unprofitable.  So I don't expect them to become widespread in the future.  Including among gamblers in crypto casinos.

When I go to play in a casino I never associate it with the problem of exchanges nor do I make any strategy based on trading exchanges or something like that for casinos, because for me things are different in that aspect, I always look for it. It's trying not to spend so much money, one day I tried to do trading in a broker, but I think I'm not good enough to do those things because it's very difficult, the money is spent very quickly and in a matter of seconds, plus I have experience, and in the shares of the exchanges too, then the activities of the casinos and exchanges are different for me.

Casinos and exchanges, brokers and casinos have in common that they are demanding a lot of KYC and that is something that they have to approach very carefully, in view of that things are similar, but they have a lot to do so that they can please everyone, If they focused on anonymity everything would be easier.

I respect people's opinions so much, but in most cases, they do not have constructive arguments to back it up, just like yours now. Trading and gambling are not the same and will never be the same because trading is a business and doesn't require a fix outcome like gambling, it's so flexible. Though it is a risky business, can you call gambling a business? The electronic enabality of trading is what causes people to make mistakes of it and the way some bad traders gamble with their trading makes it look alike in a way. But if you would trade as a real and professional trader with the right understanding of it, then you can never link trading to gambling or gamble with your trades.

Okay, let me try to explain this in the best way I can to make you understand the fundamentals of it and not the complex way as people and technology make it look. The simplest ideology about trading is likened to a person who purchased an asset at $500, for example. The value/price of that asset will of course fluctuate due to the prevailing market conditions even as demand and supply always play their roles. For this, the value can be adjusted a little or significantly lower or higher than the $500. This means that at times, the price of the asset could be $750 or more/less ( if the asset appreciates in value), also, it could be $350 or more/less (if the asset depreciates in value). Now, if the person speculated wrongly during the time of purchase to buy a costly asset and again impatient due to fear or whatever reason sold the asset at $350 value. That means the person had lost $150 of his money.

In the opposite view, if the person was lucky to have bought the asset cheap and it even appreciated afterwards and even sold it at $750. That means the person  gains. This is how the trading works, you actually buy and own that asset, and your fate depends on how it appreciates or depreciates and the actual time to sold it, unlike in gambling. Just like we buy and own physical assets all the time, it's the same as what I just narrated. Some assets will be bought and get devalued when we now them, while others will be bought and appreciated after buying them. If you now make them a business, then you are trading, just the same way it is in electronic trading. It is only when you handle it carelessly (buy when you should sell, or sell when you should buy) that you are gambling, which is not the ethic of the trading itself.

That's the bad thing, when the people are biased from this right, all for what? a control, that's all it's based on is a control that's not at all Simple, this has to do a lot with these things to be able to do them better, if we can do any kind of thing, it's just that the Things come to an end when a person demands information in a casino, for example, why don't they buy a coin like Monero? Even though you already have your KYC ready and everything, because at least they had these methods everything would be better, but no, the thing is that when the money leaves the casino, Monero provides anonymity, privacy and makes it almost impossible to trace , Governments and entities in charge find it very difficult to track this Money , so why do they allow this ? Is something so difficult?

Casinos have many tools to protect players, but they don't want to take them, but why is this? They are subject to a work Environment where they prefer that those who adapt to them be the clients, not because they adapt to the Clients , they say that they provide Security , Better Contracts, Bonuses, and with that is the issue of concession that many fall , but we all know that in the future the core of everything will lie in wanting to Obtain anonymity , Privacy.

Privacy and anonymity can begin to Occur if the Casinos Accept privacy packages , that is the best thing that can be done, so things go well for the players, obviously in the future privacy and anonymity will be what the players look for the most People , because it will no longer be the issue of adoption or anything else, it will be that they want to be more anonymous , for that reason we are people who will always have to verify each casino very well and which is the casino that could offer the best privacy and anonymous, except for the most candidates, the most trustworthy, the oldest.

This automatically raises the question of whether a player can exercise his right to gamble freely and at the same time remain a completely anonymous player.  In other words, will such a player, when gambling using cryptocurrencies, never provide his personal data to any casino and not participate in the KYC procedure at all?  It is probably now becoming impossible to fully realize this right to privacy and concealment of personal data.  Even such an anonymity tool as cryptocurrency, which, by the way, can provide even more anonymity to a person compared to even fiat cash, where everything is now monitored by video cameras and stored video recordings.  Even this tool is under massive attack from the world banking lobby and, following it, the government and various countries.  But I believe that the alternative economy will still exist in parallel with the main one.  And in this economy it will be possible to maintain the right to privacy, to one’s secrets and, in particular, to one’s payments.  And this does not at all mean the criminal nature of such an economy, but only means the right to freedom of action for law-abiding people. 
Cryptocurrency initially provided people with such a right, and now, of course, there is opposition from the world’s ruling clans for the destruction of this right.

As for me - gambling and trading looks the same. If you have big deposit - you can choose small odds is sport betting and get good profit with small risk, the same like in trading. Of course you can lose all in gambling if you bet all sum in one bet, but it is silly. The same situation if you buy BTC with big leverage.
Use money management and you will get profit as result. Of course i don`t talk about casino games - it is total random and i don`t interest in such gambling.

When I look at trading and when I look at gambling, I honestly don't see how a person who gambles could talk about things like profits because the real chances of someone making profits from gambling are extremely low, so low in fact that it's pointless to stay counting on such profits, even if a person is very confident when they start with gambling, over time that person begins to realize that they are not making a profit, they are constantly losing money, when a person gambles, they, for example, deposit 10$, he can win and keep 13$ but then he will lose everything and will have to put more money into the casino if he wants to continue playing, that's why people have been told to play in moderation and look at gambling.

whereas when a person takes $10 and buys bitcoin at a price of $50,000 and that person places a stop-loss at $49,000, that person will lose little money and can buy more at a lower price or more at a higher price and then sell when the price goes up a lot, this way this person will be able to make a profit to the point of recovering all the lost money, by this I mean that in trading the person has little risk of losing all the money and has a greater chance of making a profit, the problem is that in order to make a profit that is large the person must have a large capital, 10$ with trade is nothing, it is unlikely that the person will be able to have 20$ so soon, while gambling puts 10$ and gets 20$, 30$ or more, it is possible if the person be very lucky, that's why many people keep playing