Digital options - Gambling or trading?

shoreno

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Quote from: Thanasis on April 10, 2019, 04:31:24 AM

Quote from: rodel caling on April 09, 2019, 05:49:22 PM

The two option or choices how to earn in digital crypto currency are both profitable but it's depends on the people what is fit for their capabilities, but most of them investing in gambling or working in trading by using time management.

Gambling is not a way of making money even if it is available at more convenient in these days,it just the growth of entertainment on our hands so use it in the appropriate way.

Trading can be quite same as gambling but not luck based gambling it needs lot of skills and can quit as well when we don't want to lose much of our capital if the market is down.

Gambling is not just for entertainment but you can also earn a profit on them because you are using your money or your cryptos as bets . you can win or loose depending on your luck and skill . yes skills do involved in gambling . didnt you see that there are methods and strategies out there ? Same as trading . skills and luck are both also needed . in terms of difficulty . id say both are not easy . its hard to profit on both acts but both are verry rewarding and satisfying once you manage to earn .

Ucy

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Trading is easier for me because you can observe predictable patterns or trends. I make profits on most of my trading cryptocurrencies... I don't know if it is that easy for gambling

dunfida

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Quote from: Betwrong on April 10, 2019, 04:55:08 AM

Quote from: llyfee4u on April 09, 2019, 04:42:36 AM

~ Funny thing is that we all gamble one way or the other. Some better at it than others. ~

What is even more funny is that since luck is a factor, sometimes those who are not that good are doing better than those who are the best, and there are cases when those who are the best are performing worst of all.

There are several topics here saying that trading is very similar to gambling, and I agree with them. And this is not only about trading crypto or stocks, this is about any activity with which you can potentially earn some money.

On any things that do involves earning money do really have that corresponding risk factor on losing out yet it do always needs some funds for you to earn money came from the money you have invested.
Trading is like gambling in the sense that you are doing it without any proper skills and gambling is just basically an another thing.

Betwrong

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Quote from: llyfee4u on April 09, 2019, 04:42:36 AM

~ Funny thing is that we all gamble one way or the other. Some better at it than others. ~

What is even more funny is that since luck is a factor, sometimes those who are not that good are doing better than those who are the best, and there are cases when those who are the best are performing worst of all.

There are several topics here saying that trading is very similar to gambling, and I agree with them. And this is not only about trading crypto or stocks, this is about any activity with which you can potentially earn some money.

Thanasis

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Quote from: rodel caling on April 09, 2019, 05:49:22 PM

The two option or choices how to earn in digital crypto currency are both profitable but it's depends on the people what is fit for their capabilities, but most of them investing in gambling or working in trading by using time management.

Gambling is not a way of making money even if it is available at more convenient in these days,it just the growth of entertainment on our hands so use it in the appropriate way.

Trading can be quite same as gambling but not luck based gambling it needs lot of skills and can quit as well when we don't want to lose much of our capital if the market is down.

lienfaye

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Quote from: llyfee4u on April 09, 2019, 04:42:36 AM

Question is, how is that still trading if you can't be sure of what might or will happen in that short time frame?

Trading is like gambling as well, taking risk without assurance in gaining profit when you invest BUT compared to gambling its way safer to put your money since its not associated with luck only. You must have knowledge and skills to prevent yourself from investing in shitcoins or failed project.

Both has risk but gambling is more on luck unless you're into sports betting wherein you need to have a knowledge in the particular game that you want to place your bet.

Well they might have similarities but if you think about the way how to deal with both, you'll realize their differences and its up to you of what you think is more profitable when you engage yourself.

btc_angela

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Quote from: llyfee4u on April 09, 2019, 06:39:49 AM

Quote from: vennali on April 09, 2019, 06:16:37 AM

Ive seen this option on Bet365 and a few other sportsbooks and they are similar to day trading I feel. I used to bet on it a couple of years ago but it is hard to predict generally speaking. I'd say Dice is easier and has better value in gambling digital options.

I share your sentiments actually. Indeed, Bet365 was infact the first place i saw it also. For me, the Turbo mode option is quite scary, i'm not a seasoned gambler or trader. The way i see it, its much more a gambling on an off chance of being correct within such short time frame.

Agree, it's a bit scary, even if you are a seasoned gambler or trader. That rush and then the sudden lost of money could have a impact on your emotions. So I don't go with that option, I would rather gambling on dice sites because it's not that stressful and has a higher chance to win.

BitcoinHunt3r

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I think which it is make it as gambling is when we lose, we lose all our bet. And if in trading, we sometime can minimize our loss and then can postpone our loss and then can make profit with it. In gambling when we lose, we just lose and opposite thing about it.

qwertyup23

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Quote from: llyfee4u on April 09, 2019, 04:42:36 AM

Two worlds that seemingly is similar but are worlds apart in terms of nature. Digital options may offer an option where you can speculate the price in a given time frame but there are internal and external factors that can be considered in order to verify your assumptions. Furthermore, people develop techniques and skills in every trade successful/fail trade they do since experience contributes to it.

Unlike in gambling, there may be techniques (i.e probability, etc.) to lower the risks but everything revolves around luck and the odds. Not to mention, there are various negative implications that an individual can succumb into in the long-run.

Cacingkemi

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Digital options should be trading cause gambling can be at anywhere but trading is the same as gambling I mean loss rates are small in the trade but still loss yeah, big or small still loss it right so similar in terms of profit and loss.Trading actually waiting for the order and gambling is a game without playing we can't get a win or loss.

coin-investor

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There's not much different on all the options that you've mentioned, it always comes down to invest what you can afford to lose, and you should no regret on how you play the game win or lose, the negative impact will only come if you are an irresponsible gambler or trader who cannot control how he plays.

maydna

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Quote from: llyfee4u on April 09, 2019, 04:42:36 AM

digital options is a type of gambling but then again what isn't?

According to this:

Digital Options Definition

Quote

What is a digital option? A digital option is a type of option that offers the opportunity of a fixed payout if the underlying market price exceeds a pre-determined limit, called the strike price. Digital options allow traders to profit from correct predictions on the future price of an asset.

We only need to predict where the price moves, is it up or down and then we place the trade. And if the trend is up and we place the uptrend, then we are making a profit, but it depends on how much price we want to close the order. I think it's almost similar to leverage trading, but I do not quite understand the difference.

But digital options can be gambling if we don't have analysis to know where will the price moves. As long as we can calculate the chance for the price up or down, we can make the analysis, and we can predicting the trends base on the market, I think that still trading. It will be back on how we can manage the money we use in digital options, trading, or gambling, so we know how bigger money we are trying to risk.

Cherylstar86

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Quote from: kawetsriyanto on April 09, 2019, 06:44:20 PM

Quote from: jhongzjhong on April 09, 2019, 06:29:00 PM

~snip~
In trading maybe it takes a long time before you start in trading because it needs for you to research and having any technical analysis in the market to study the price movement. While for me gambling is you can start with it even you are a newbie on gambling.
~snip~

Do you think gambling doesn't require research?
I think the right way for a newbie is to learn everything first related to what someone needs in playing gambling. At least, he must know well what "dos and don'ts". A newbie starts playing gambling with random ways will be too risky and lead to failure. That's why he needs research and a good understanding of gambling firstly. [IMO]

Gambling and trading are both risky to be penetrated, we have to be knowledgeable, skillful and wise on every deliberation we create. Somehow, both has a huge contribution to every investor on which can give profits and wealth. But it all depend on how we deal the possible outcome, because if we are lack of informations about the two aspect, then accept the consequences and loses.

kawetsriyanto

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Quote from: jhongzjhong on April 09, 2019, 06:29:00 PM

~snip~
In trading maybe it takes a long time before you start in trading because it needs for you to research and having any technical analysis in the market to study the price movement. While for me gambling is you can start with it even you are a newbie on gambling.
~snip~

Do you think gambling doesn't require research?
I think the right way for a newbie is to learn everything first related to what someone needs in playing gambling. At least, he must know well what "dos and don'ts". A newbie starts playing gambling with random ways will be too risky and lead to failure. That's why he needs research and a good understanding of gambling firstly. [IMO]

gilangIDR

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Quote from: romero121 on April 09, 2019, 05:55:12 AM

Greed is found with each and every human being. Out of greed people have lost through gambling as well through trading. These two were the top contributing industry to the growth of cryptocurrency, also these were one on which people get good earning upon the risk taken investing big. In this regard users focus on both these for the betterment and for long lasting.

Trading and Gambling is indeed a big contributor to the velocity of money in the world of cryptocurrencies. The nominal outstanding amount is very large, especially because of the presence of cryptocurrencies that provide convenience and flexibility. In my opinion it depends on everyone's ability, when they are able to do both then it doesn't matter. But most people just impose and in the end they are not able to exercise good control.

jhongzjhong

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Quote from: Dreamchaser21 on April 09, 2019, 06:19:07 PM

Quote from: rodel caling on April 09, 2019, 05:49:22 PM

The two option or choices how to earn in digital crypto currency are both profitable but it's depends on the people what is fit for their capabilities, but most of them investing in gambling or working in trading by using time management.

Gambling is not that profitable and not a good source of income though of course if you’re lucky then you can earn in gambling. Trading is better because you deal with the real numbers and using your strategies. Time management is really important, you can be mode effective if you know how to use your time well.

In trading maybe it takes a long time before you start in trading because it needs for you to research and having any technical analysis in the market to study the price movement. While for me gambling is you can start with it even you are a newbie on gambling. However, these two choices are very profitable, so if you have enough time you can do these things both.

Dreamchaser21

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Quote from: rodel caling on April 09, 2019, 05:49:22 PM

The two option or choices how to earn in digital crypto currency are both profitable but it's depends on the people what is fit for their capabilities, but most of them investing in gambling or working in trading by using time management.

Gambling is not that profitable and not a good source of income though of course if you’re lucky then you can earn in gambling. Trading is better because you deal with the real numbers and using your strategies. Time management is really important, you can be mode effective if you know how to use your time well.

MakeMoneyBtc

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Digital options definitely seems just like gambling for me but in a different format and I am pretty sure that the price is somehow manipulated in order to the owner to get profit everytime and only a few people to end up in profit. I mean, how could you determine what's going to happen with the price in the next 30-60 seconds? It's pure gambling

rodel caling

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The two option or choices how to earn in digital crypto currency are both profitable but it's depends on the people what is fit for their capabilities, but most of them investing in gambling or working in trading by using time management.

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Trading in general can very easily become gambling if you're making trades simply off of emotion and nothing else. Newbies tend to be attracted to high leverage at first starting out on a exchange like Bitmex, and this can result in your account being liquidated in minutes when a wick goes one way or another, and you should try to limit leverage to a max of 10x or 25x if possible. Trading options is purely gambling and you should avoid options if you're trying to make a profit trading, but if you want another way to gamble, options is a great choice.

Topic: Digital options - Gambling or trading? (Read 386 times)