Do you consider trading as gambling? - page 38.

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Quote from: sulendra12 on October 14, 2016, 06:40:00 PM

Quote from: lorylore on October 14, 2016, 11:34:35 AM

Interesting idea. However, i beg to disagree. If trading is the similar to gambling, then how come we can see world richest man consists of warren buffett and i dont see rich guy who came from gambling. As you can see, if you have the right knowledge, you dont need luck anymore.

But in real life , we can see the knowledge peoples will be beat up with the luckiest person and there are much proof to validate this.
In trading , we still have luck for when to choose the coins and buy/sell it in the right time (but once again , it doesn't mean for trading is same like gambling because the mechanism is much different)

totally agree with your opinion , just because there is luck factor in trading doesn't mean it's gambling
people are too straightforward consider something like trading as gambling
they must have no idea about what trading it is
gambling are clearly stake money for something uncertain while trading you can predict something that people think will be accurate.

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Gambling has risks while trading is easy once you understand the market.

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Quote from: lorylore on October 14, 2016, 11:34:35 AM

Interesting idea. However, i beg to disagree. If trading is the similar to gambling, then how come we can see world richest man consists of warren buffett and i dont see rich guy who came from gambling. As you can see, if you have the right knowledge, you dont need luck anymore.

But in real life , we can see the knowledge peoples will be beat up with the luckiest person and there are much proof to validate this.
In trading , we still have luck for when to choose the coins and buy/sell it in the right time (but once again , it doesn't mean for trading is same like gambling because the mechanism is much different)

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Quote from: buxlover on October 14, 2016, 01:34:11 AM

yep gambling and trading has only a string difference, So we can say bot are same. In gambling only luck brings you profit, In trading Knowledge plays a significant role to make profit.

If trading is based on knowledge then every brainy person would have earned millions from trading and all other would have followed their strategy to trade, and finally there will be no losers. I don't think such scenario is possible in trading.

If gambling is based on knowledge and skills, then the same condition above would apply to gambling too. So to profit from both trading and gambling we need knowledge, Skill and luck, Which is in different proportion for each.

Trading is a zero-sum game if you win then someone, somewhere is losing besides there is not a holy grail strategy that one can pinpoint that will always produce profits, the true traders know this and that is why they are always adapting.

JeanMcCoy

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Yes I think its a sort of gambling, I think that the risks are equal in the first place so due to that I think that its logical that it can be considered as gambling.
Trading is maybe a little less more risky but its stays almost the same.

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Quote from: katrimans on October 14, 2016, 02:00:59 PM

Quote from: freedomgo on October 13, 2016, 03:16:05 AM

Quote from: chaser15 on October 13, 2016, 03:03:33 AM

Quote from: Oilacris on October 13, 2016, 02:36:58 AM

Quote from: lienfaye on October 13, 2016, 02:24:15 AM

Quote from: deadpoolx on October 12, 2016, 01:02:05 PM

Trading is very different from gambling, in my opinion. Depending on the level of knowledge and trading strategy, chances may significantly increase.

Thats true, for me trading is not like gambling, indeed both are risky but in trading its not all base in luck because you have to be knowledgeable in trading in order to do the right thing its more on experience and knowledge. unlike in gambling you have to be lucky to be able to win.

Trading does also need luck in able to make a succesful trade because price movements are too unpredictable too but as you said trading is different from gambling at all in the sense that you could able to learn and make some trading styles that would able you to make an edge or advantage to make succesful trades and which this thing you could not see on playing gambling. On doing gambling it only fully relies on luck.

That luck in trading can be feel by instinct.

Loook how traders especially in altcoin trades feel the possible luck that will happen in a certain. Yes you may know when the time luck will come. It's up tp the trader now how they will take advantage of that because sometimes others are greedy on profits resulting for negative result.

Your instinct should be base on your analyses on the historical data in trading, although not all the time our instinct are right but as long as we have studied it before we make our final decision, we will not regret on making any decision.

and that's what makes gambling different from trading, in trading we can use the past experiences and make profit accordingly. While with gambling you cannot use anything other than luck, without luck everything is flattened. So trading cant be confused with gambling bro.

the other difference is that on trade we provide a service and it is a business for members and for the trade providers while gambling is only game and for members it will provide only entertainment and for only the owners it is business.

But there are people who play on gambling websites only for making money and they consider it as their business and that terms once again bring together these two things and make us to feel both as one thing or two types of one thing.

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Quote from: freedomgo on October 13, 2016, 03:16:05 AM

Quote from: chaser15 on October 13, 2016, 03:03:33 AM

Quote from: Oilacris on October 13, 2016, 02:36:58 AM

Quote from: lienfaye on October 13, 2016, 02:24:15 AM

Quote from: deadpoolx on October 12, 2016, 01:02:05 PM

Trading is very different from gambling, in my opinion. Depending on the level of knowledge and trading strategy, chances may significantly increase.

Thats true, for me trading is not like gambling, indeed both are risky but in trading its not all base in luck because you have to be knowledgeable in trading in order to do the right thing its more on experience and knowledge. unlike in gambling you have to be lucky to be able to win.

Trading does also need luck in able to make a succesful trade because price movements are too unpredictable too but as you said trading is different from gambling at all in the sense that you could able to learn and make some trading styles that would able you to make an edge or advantage to make succesful trades and which this thing you could not see on playing gambling. On doing gambling it only fully relies on luck.

That luck in trading can be feel by instinct.

Loook how traders especially in altcoin trades feel the possible luck that will happen in a certain. Yes you may know when the time luck will come. It's up tp the trader now how they will take advantage of that because sometimes others are greedy on profits resulting for negative result.

Your instinct should be base on your analyses on the historical data in trading, although not all the time our instinct are right but as long as we have studied it before we make our final decision, we will not regret on making any decision.

and that's what makes gambling different from trading, in trading we can use the past experiences and make profit accordingly. While with gambling you cannot use anything other than luck, without luck everything is flattened. So trading cant be confused with gambling bro.

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Quote from: innominatus on October 14, 2016, 01:42:39 PM

i consider trading the same as gambling.
especially high leverage trading
you can't beat the system, sooner or later you will lose your money. trading at high leverage is gambling for sure

Honsetly they are not the same because gambling is for fun and entertainment unlike trading because trading is just like the market that you are buying foods or product that you can sell high in other people if the price will increase high.
Unlike gambling that you will lose and never chase your loses again.. unlike in trading if the price is going to be low you can be stil lsell your altcoin even its cheap price so you are just loses a small amount.

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i consider trading the same as gambling.
especially high leverage trading
you can't beat the system, sooner or later you will lose your money. trading at high leverage is gambling for sure

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Quote from: Whosdaddy on October 13, 2016, 02:14:38 PM

Quote from: fatima zuhra on October 13, 2016, 01:58:01 PM

there is a big difference between the two, gambling is a game of money and you put money on rest know the result just to win or lose, but in investment you have to invest just for making money and there are very little chance to lose the money in investment.

No, there are a lot of chances to loose our capital money in investment too. Because, we are just analyzing an investment opportunity based on their past performance. But, there will be no guarantee that the past performance will be repeated in future too.

We can see many good reputed companies are getting bankruptcy overnight. So, there will not be any complete guarantee for our investment in the any business. In my opinion, both gambling and investment are having risks but based on different factors.

Agree, there is risk to loss in trading same as in gambling even the possibilities to loss on trading less than if you put capital on gambling. Both of it has different methods to get profits, I can't say trading consider as gambling besides the chance to 100% predict it right, nothing absolute.

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Quote from: Oilacris on October 13, 2016, 02:36:58 AM

Quote from: lienfaye on October 13, 2016, 02:24:15 AM

Quote from: deadpoolx on October 12, 2016, 01:02:05 PM

Trading is very different from gambling, in my opinion. Depending on the level of knowledge and trading strategy, chances may significantly increase.

Thats true, for me trading is not like gambling, indeed both are risky but in trading its not all base in luck because you have to be knowledgeable in trading in order to do the right thing its more on experience and knowledge. unlike in gambling you have to be lucky to be able to win.

Trading does also need luck in able to make a succesful trade because price movements are too unpredictable too but as you said trading is different from gambling at all in the sense that you could able to learn and make some trading styles that would able you to make an edge or advantage to make succesful trades and which this thing you could not see on playing gambling. On doing gambling it only fully relies on luck.

That is the reason if you see a lot of people consider trading as a low risk and low profits gambling, you can call it light gambling.
I think trading is still much better because the chances of winning are always high while with gambling you are always in a negative chance of winning.

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Quote from: agustina2 on October 14, 2016, 11:44:43 AM

Quote from: sabbirshm on October 14, 2016, 11:14:55 AM

I don't consider because trading mostly depends on our skills like knowledge, experience etc.But in gambling you need 99% of luck and 1% skills.Though in trading you need a bit of luck but that doesn't matter all the time.

Yes trading depends on skills and knowledge but whatever we say we are putting money here that we don't know if it will win or lose.

Therefore it's a form of gambling since chances of winning and losing is possible. Any form of money risk can be considered as gambling. An investment too is a gambling. But what make it difference is those things you mentioned, skills, knowledge etc.

that's right, trading consider as gambling, in every form of gambling there is still role that need skills like experiences, knowledge and good strategy to win like game of poker or sports betting. Those kind of game doesn't depend on 99% of luck, and we can't predict 100% right on trading that's why you could say it consider as gambling.

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Quote from: sabbirshm on October 14, 2016, 11:14:55 AM

I don't consider because trading mostly depends on our skills like knowledge, experience etc.But in gambling you need 99% of luck and 1% skills.Though in trading you need a bit of luck but that doesn't matter all the time.

Yes trading depends on skills and knowledge but whatever we say we are putting money here that we don't know if it will win or lose.

Therefore it's a form of gambling since chances of winning and losing is possible. Any form of money risk can be considered as gambling. An investment too is a gambling. But what make it difference is those things you mentioned, skills, knowledge etc.

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Quote from: buxlover on October 14, 2016, 01:34:11 AM

yep gambling and trading has only a string difference, So we can say bot are same. In gambling only luck brings you profit, In trading Knowledge plays a significant role to make profit.

If trading is based on knowledge then every brainy person would have earned millions from trading and all other would have followed their strategy to trade, and finally there will be no losers. I don't think such scenario is possible in trading.

If gambling is based on knowledge and skills, then the same condition above would apply to gambling too. So to profit from both trading and gambling we need knowledge, Skill and luck, Which is in different proportion for each.

Interesting idea. However, i beg to disagree. If trading is the similar to gambling, then how come we can see world richest man consists of warren buffett and i dont see rich guy who came from gambling. As you can see, if you have the right knowledge, you dont need luck anymore.

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Quote from: buxlover on October 14, 2016, 01:34:11 AM

yep gambling and trading has only a string difference, So we can say bot are same. In gambling only luck brings you profit, In trading Knowledge plays a significant role to make profit.

If trading is based on knowledge then every brainy person would have earned millions from trading and all other would have followed their strategy to trade, and finally there will be no losers. I don't think such scenario is possible in trading.

If gambling is based on knowledge and skills, then the same condition above would apply to gambling too. So to profit from both trading and gambling we need knowledge, Skill and luck, Which is in different proportion for each.

But even sometimes knowledge gives you loss because they make the use of that. I mean a particular developer suppose gives awesome coins and we believe him then he can ruin us too someday. While with gambling you are dependent on luck so don't have to worry about other people and their intentions.

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I don't consider because trading mostly depends on our skills like knowledge, experience etc.But in gambling you need 99% of luck and 1% skills.Though in trading you need a bit of luck but that doesn't matter all the time.

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Quote from: Zadicar on October 14, 2016, 07:54:07 AM

Its truly a business because theres a money involve and gambling sites are not built for free and in fact you would need huge amounts to build one. And owners of it do it for the sake of profits and its a business. Gambling is truly illegal on many places but there are really people still keeps playing.

There are legal gambling too where they are legally registered in one country's gambling law. In fact most of the proceeds are being used for charities, donations or any help the person activity.

And yes gambling sites and the physical gambling places are made not for free services. They have to make income too to get their operational run for a long run.

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Quote from: South Park on October 13, 2016, 02:44:10 PM

Quote from: raaajlucky on October 12, 2016, 12:51:12 PM

Quote from: subhiii on October 12, 2016, 11:15:48 AM

no there is a big difference between gambling and trading. we cannot consider trading as gambling. we can depend on trading for living but we cannot depend on gambling for living. trading is legal her in our country gambling is illegal in our country.

Trading is a business so it's legal in many countries, but gambling is not a business it's a game to make money so it's illegal in many countries. In my country also gambling illegal but we will do online gambling. But I agree that gambling is not considered as trading. In trading we can hope that we will make a profit, but in gambling, there are no hopes all just depend on luck.

I disagree with your opinion that gambling is not a business, gambling generates jobs, profit uses services, so the gambling industry is a business and in those countries in which is illegal, is an illegal business but it’s still a business.

Its truly a business because theres a money involve and gambling sites are not built for free and in fact you would need huge amounts to build one. And owners of it do it for the sake of profits and its a business. Gambling is truly illegal on many places but there are really people still keeps playing.

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yep gambling and trading has only a string difference, So we can say bot are same. In gambling only luck brings you profit, In trading Knowledge plays a significant role to make profit.

If trading is based on knowledge then every brainy person would have earned millions from trading and all other would have followed their strategy to trade, and finally there will be no losers. I don't think such scenario is possible in trading.

If gambling is based on knowledge and skills, then the same condition above would apply to gambling too. So to profit from both trading and gambling we need knowledge, Skill and luck, Which is in different proportion for each.

South Park

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Quote from: raaajlucky on October 12, 2016, 12:51:12 PM

Quote from: subhiii on October 12, 2016, 11:15:48 AM

no there is a big difference between gambling and trading. we cannot consider trading as gambling. we can depend on trading for living but we cannot depend on gambling for living. trading is legal her in our country gambling is illegal in our country.

Trading is a business so it's legal in many countries, but gambling is not a business it's a game to make money so it's illegal in many countries. In my country also gambling illegal but we will do online gambling. But I agree that gambling is not considered as trading. In trading we can hope that we will make a profit, but in gambling, there are no hopes all just depend on luck.

I disagree with your opinion that gambling is not a business, gambling generates jobs, profit uses services, so the gambling industry is a business and in those countries in which is illegal, is an illegal business but it’s still a business.

Topic: Do you consider trading as gambling? - page 38. (Read 47337 times)