Do you consider trading as gambling? - page 10.

Skarner21

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Massive price drop coming...

Quote from: RedX on April 08, 2017, 06:57:05 PM

Quote from: mOgliE on February 25, 2016, 09:02:24 AM

Hey people,

I've always been a huge gambler. I like creating useless schemes (as we all know bank always win ^^) and betting whole nights long in order to find THE right way of betting.
But I need change, I can't bet over and over on the same game cause after I see that nothing can be done to change the odds, I'm bored.

So I thought a bit about trading and I started not so long ago. and it feels a bit like a betting game without knowing the odds and with an infinity of parameters!

Does anyone else takes trading as a gambling game?

Yes, it can be compared to gambling somehow but trading needs skills, analysis, right information and patience. These things play a major role to your success with trading. The percentage of a successful trade is much better than the percentage of a successful gambling. In my own opinion, trading is like a scientific gambling.

But we can not still consider trading is a gambling because we are just buying and selling the coins if they increase the value we are getting benefits..
This is just we are buying on the market if the product is in demand more people are buying that product and if the supply is getting low the price is increasing.. unlike in gambling that you are gamble for fun and if you are lucky you will win or gain a profit unlike in trading that any time you can sell the coin you are holding..

RedX

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Quote from: mOgliE on February 25, 2016, 09:02:24 AM

Hey people,

I've always been a huge gambler. I like creating useless schemes (as we all know bank always win ^^) and betting whole nights long in order to find THE right way of betting.
But I need change, I can't bet over and over on the same game cause after I see that nothing can be done to change the odds, I'm bored.

So I thought a bit about trading and I started not so long ago. and it feels a bit like a betting game without knowing the odds and with an infinity of parameters!

Does anyone else takes trading as a gambling game?

Yes, it can be compared to gambling somehow but trading needs skills, analysis, right information and patience. These things play a major role to your success with trading. The percentage of a successful trade is much better than the percentage of a successful gambling. In my own opinion, trading is like a scientific gambling.

Kevin77

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Quote from: AjithBtc on April 03, 2017, 10:02:21 PM

Quote from: lOvE mE forEvEr on April 03, 2017, 08:47:27 PM

I think gambling and trading, trading requires ability and expertise in understanding the objects that we will trade, but gambling relies heavily with luck.

As said more or less both have small relation in terms of the risk involved though we are lucky. Gambling needs strategy making skills in relation to the event to earn whereas trading needs expertise knowledge on the price movement prediction. On a whole luck decides who needs to earn an who needs to loss.

I disagree, even though in luck, Trading and Gambling is completely different from each other, the luck that we have in gambling and trading is different also, because the luck that we have in gambling is pure even though we don't do anything, while the luck in Trading, is the one that we are having if we are correctly bought the right Altcoins that we are using in Trading.

Trading is about having profits in the long run, while also having more knowledge about the different Altcoins that exist in different exchangers, while gambling is only those games which includes money in return if you are going to win, obviously.

I whole heartly agree. In trading there are couple of situations you can lose money. If you buy a coin and that coin drops in value and you sell out than you lose. However unless that coin goes to 1 satoshi it will most probably will go up again so if you wait you can make it back, just takes a long time sometimes and people lose patients.

Other thing is if you buy when its high and it goes really down, during pump and dumps some people must be buying from the peak in order for it to start dropping, that is correlated with the first thing I said but it takes a huge amount of correct the prices back to peak.

Basically as long as you don’t ride a pump and dump you are fine during trading.

BlackPanda

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I think so. because trading can be called as a job that is not certain. in the trading world we are able to benefit quickly, and also losses quickly too. there was no significant difference for both. anything could happen, gambling and trading are the same.

ethereumhunter

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Quote from: erickkyut on April 07, 2017, 06:31:59 AM

In my own opinion, trading is also gambling. The only difference is that in trading, you are not directly gambling. But the fact that when you trade, you don't know if it's value will be high or low. You are taking the risk. That's why for me, you are gambling when you are trading.

i don't think that trading is also gambling because in trading we need to calculate about the number that happen in the market, we also need to analyze about the moving of the coins. sometimes we are missed but its still not gambling, maybe we make something wrong with our analysis so we missed. but in gambling, in my opinion, is really need luck factor to win the games even if we are skill based gambler that really good to playing the games.

Gembul

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I think trading is not gambling even though some people consider the actual trading price positioning guess that will happen in the future. Trading differs from gambling because gambling when we could lose capital quickly. In trading we can do a stop loss if the price does not match the predictions. Thank you

Zontop

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If we look at the nature of trading it works in similar ways as gambling. In both you put some money in scope of making more out of that and you don't have any control or influence on the outcome. I consider them same and don't make difference between them though many people take them separate and don't agree with my opinion.

erickkyut

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In my own opinion, trading is also gambling. The only difference is that in trading, you are not directly gambling. But the fact that when you trade, you don't know if it's value will be high or low. You are taking the risk. That's why for me, you are gambling when you are trading.

Labumi

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Quote from: Mike Mayor on April 03, 2017, 06:41:22 PM

Trading can never be like gambling. Gambling if you keep going to will lose. Trading if you keep going you will learn and maybe lose but never lose all. With trading you may think you lose but later the price will hike and you win. Gambling there is no second chance. Trading needs skill and patience. Gambling is luck only.

Ahhah, gambling and trading correct indeed have differences. But I am sure trading can still give losses to traders who are already professionals. because it is gambling and trading have in common which is always present, namely a chance which is not certain, Although trading is much more dominate for can benefit. But both are equally detrimental. One thing to do is always updated about the science, if you can follow the latest science then I'm sure you can get huge profit in a short time

joeydangerous

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Nah, trading requires a bunch of skill and gambling doesn't.

micher143

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Yes in some way because in gambling you only have a luck to win but in trading strategy, knowledge and luck to win the trading, But if the strategy and knowledge is lessen then it will be a gamble, How? For example if you are trading blind means you are trading with a not well known coin then you are blind trading the luck is the only way to win that trade.

Victorycoin

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Quote from: Mike Mayor on April 03, 2017, 06:41:22 PM

..Gambling there is no second chance..

Such a one way street, that is why you don't move on this road the way you would on other roads. Second chance is a healthy thing to look forward to, because first chance can so easily be messed up and if there are no second chance or provision for it, then it is hard life. Think that is why people should not look beyond the saying that gambling is a form of entertainment,. when we're out for money making, then trading should be it.

daringdiscovered

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Quote from: Red-Apple on April 05, 2017, 09:28:37 AM

Quote from: EdenHazard on April 05, 2017, 08:31:26 AM

Quote from: Mike Mayor on April 03, 2017, 06:41:22 PM

Trading can never be like gambling. Gambling if you keep going to will lose. Trading if you keep going you will learn and maybe lose but never lose all. With trading you may think you lose but later the price will hike and you win. Gambling there is no second chance. Trading needs skill and patience. Gambling is luck only.

if you talking about trading on cryptocurrency then i guess you are wrong , there a lot of scamcoin traded in difference exchanges , you have a high chance to lost it all just like gambling , but when talking about trading in general , you might have sevaral good point.

people just think more proud called as trader rather than a gambler right? that is the contrast difference.

i never understand what coin people call scamcoin! there are too many weird terms that people use these days about different coins that it is hard to keep up.

i personally don't see anything scammy in any of the altcoins. there is a terrible code for 99% of them which they call coin and then they pump and dump it, and we all know this and those who can see the signs of pump before it happening make profit and others don't.

The Scam coins that they are saying here are those Altcoins that they bought but ended up a scam, and I guess that it is okay to be called it that way because that is how it should be called since we didn't think that it could be a scam, and the others called it Shit coin (Sorry for the word). Yeah there is no scammy about these Altcoins in every exchanger, but sometimes, the new Altcoin which we thought that is going to be a good investment turns out to be the opposite, and it is a little complicated to predict on when we are going to buy and sell Altcoins.

cinchin

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- Gambling and trading have many similarities, and we can consider trading as gambling because gambling takes the player's money and pays the other player, while trading is the player earning money from the player. The two forms are very similar and differ only in the way they work.
- However, gambling is too dependent on luck, trading is dependent on skill and experience. In trading we will face another trader and we can win but in gambling we will face the house and they can cheat, it is difficult to win

Red-Apple

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Quote from: EdenHazard on April 05, 2017, 08:31:26 AM

Quote from: Mike Mayor on April 03, 2017, 06:41:22 PM

Trading can never be like gambling. Gambling if you keep going to will lose. Trading if you keep going you will learn and maybe lose but never lose all. With trading you may think you lose but later the price will hike and you win. Gambling there is no second chance. Trading needs skill and patience. Gambling is luck only.

if you talking about trading on cryptocurrency then i guess you are wrong , there a lot of scamcoin traded in difference exchanges , you have a high chance to lost it all just like gambling , but when talking about trading in general , you might have sevaral good point.

people just think more proud called as trader rather than a gambler right? that is the contrast difference.

i never understand what coin people call scamcoin! there are too many weird terms that people use these days about different coins that it is hard to keep up.

i personally don't see anything scammy in any of the altcoins. there is a terrible code for 99% of them which they call coin and then they pump and dump it, and we all know this and those who can see the signs of pump before it happening make profit and others don't.

ethereumhunter

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Quote from: EdenHazard on April 05, 2017, 08:31:26 AM

Quote from: Mike Mayor on April 03, 2017, 06:41:22 PM

Trading can never be like gambling. Gambling if you keep going to will lose. Trading if you keep going you will learn and maybe lose but never lose all. With trading you may think you lose but later the price will hike and you win. Gambling there is no second chance. Trading needs skill and patience. Gambling is luck only.

if you talking about trading on cryptocurrency then i guess you are wrong , there a lot of scamcoin traded in difference exchanges , you have a high chance to lost it all just like gambling , but when talking about trading in general , you might have sevaral good point.

people just think more proud called as trader rather than a gambler right? that is the contrast difference.

i think before we want to buy a coin, we need to choose with the right coin and i don't think that this is a gambling too because when we decide to buy the coins, we need to make analyze and we need to decide the price we buy and sell. i think trading is more profitable than gambling if we are know how to trade and how to analyze the coins.

EdenHazard

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Quote from: Mike Mayor on April 03, 2017, 06:41:22 PM

Trading can never be like gambling. Gambling if you keep going to will lose. Trading if you keep going you will learn and maybe lose but never lose all. With trading you may think you lose but later the price will hike and you win. Gambling there is no second chance. Trading needs skill and patience. Gambling is luck only.

if you talking about trading on cryptocurrency then i guess you are wrong , there a lot of scamcoin traded in difference exchanges , you have a high chance to lost it all just like gambling , but when talking about trading in general , you might have sevaral good point.

people just think more proud called as trader rather than a gambler right? that is the contrast difference.

daringdiscovered

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Quote from: Mike Mayor on April 03, 2017, 06:41:22 PM

Trading can never be like gambling. Gambling if you keep going to will lose. Trading if you keep going you will learn and maybe lose but never lose all. With trading you may think you lose but later the price will hike and you win. Gambling there is no second chance. Trading needs skill and patience. Gambling is luck only.

Very well said, because gambling can't be like trading and the other way around. Yeah, it is fun in doing gambling than doing trading especially when we are just going gambling for pastime, and because Trading is not easy to understand in the first time unlike gambling, that is why most of us are doing gambling rather than Trading.

Others excuses are you could make a lot of money in an easy way on gambling rather than Trading. Yes, I agree with this, but as long as you are winning, but how about if you are losing, I know that is happening most of the time when we are doing gambling while in Trading, the only situation which we could lose profit is when we are not going to think first what Altcoins are we going to buy to use in trading and if we don't know when to sell and buy Altcoins.

clickerz

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Quote from: lOvE mE forEvEr on April 03, 2017, 08:47:27 PM

I think gambling and trading, trading requires ability and expertise in understanding the objects that we will trade, but gambling relies heavily with luck.

Correct and I do agree with you here. Though both you can win or lose, but gambling is more addicting in my opinion. It requires more deeper analysis if you are serious enough along with trading. But in trading you can learn from pattern, trending, and so much technical analysis where you can minimize your loses.Trading is like participated by many players and affected by news and some speculation.

STT

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Quote from: lOvE mE forEvEr on April 03, 2017, 08:47:27 PM

I think gambling and trading, trading requires ability and expertise in understanding the objects that we will trade, but gambling relies heavily with luck.

Gambling and trading can both be related to mathematics. Gambling isnt always purely luck, its not just random with no further thought. A whole branch of maths is there to deal with probability and statistical analysis. I know this because I studied it for two years and gambling can relate to studied practise as much as a normal kind of trade.

Its even possible for a gamble to be more probable in profit then a trade. This says just how bad some trading is, you should not engage with bad risks like that. The gambling is usually giving high risk odds but also the ability to double money, thats why its hard to judge. Some trades are just bad on both sides, high risk and really not high returns. Pure luck I dont really believe in, you can always calculate some possible outcome. Some spend their whole lives, whole careers even deducing risk and probable outcome

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