Do you consider trading as gambling? - page 62.

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Quote from: lexuz on September 01, 2016, 02:58:18 PM

Quote from: mirakal on September 01, 2016, 04:18:11 AM

Quote from: chaser15 on September 01, 2016, 02:35:50 AM

Quote from: teilwalL05 on August 31, 2016, 04:03:51 AM

Trading is not considered as gambling even both have the same risk on losing your money but on trading you could minimize the risk by studying trading techniques.

It is considered because there are money involved that will earn or lose.

The difference is, you can't purely rely on luck in trading since you can play with the price volatility compare to gambling where you will face the house edge of those gambling games that uses that one.

And techniques really a must but also you have to build experience as that is they key for a person to become a good trader.

Trading gives a great opportunity to earn and the longer we trade the more we learn base on our experience while in gambling the longer we stay to play the more we become fool, the real chance is in trading but it is not a guaranteed money as you need to learn it to earn it.

Yes but that makes gambling more superior than the trade is very easy to guess where the course of the game is different with trading are difficult to guessing where the price would going.

The fact is gambling is more risky in trading but when you are lucky you will receive more reward than in trading, with a little amount of bankroll and a big luck you can easily multiply your bankroll and you will bag a big amount of winnings.

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Quote from: mirakal on September 01, 2016, 04:18:11 AM

Quote from: chaser15 on September 01, 2016, 02:35:50 AM

Quote from: teilwalL05 on August 31, 2016, 04:03:51 AM

Trading is not considered as gambling even both have the same risk on losing your money but on trading you could minimize the risk by studying trading techniques.

It is considered because there are money involved that will earn or lose.

The difference is, you can't purely rely on luck in trading since you can play with the price volatility compare to gambling where you will face the house edge of those gambling games that uses that one.

And techniques really a must but also you have to build experience as that is they key for a person to become a good trader.

Trading gives a great opportunity to earn and the longer we trade the more we learn base on our experience while in gambling the longer we stay to play the more we become fool, the real chance is in trading but it is not a guaranteed money as you need to learn it to earn it.

Yes but that makes gambling more superior than the trade is very easy to guess where the course of the game is different with trading are difficult to guessing where the price would going.

dhampir-D

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At my vision, gambling and trading are not the same, but both have similarities. They have high risks and possible high rewards, the main difference for me is that in trading you can set your own time to get out or wait, and invest based in development and informations. In gambling is almost always a game of luck.

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Quote from: chaser15 on September 01, 2016, 01:16:43 AM

Quote from: adaseb on August 31, 2016, 05:23:25 AM

Well in general trading in July and August is never easy, there is very little liquidity. Thats probably why there is very little trading volume right now in Bitcoin and Ethereum. The same is true for the stock markets. Usually in Sept-Oct the liquidity picks up again.

And at the same time, people are gambling on that price change expecting many unique desires on how the price will move.

But in here we can see that they are gambling for a reason, I mean chances of happening to their desires is really possible compare to the usual type of gambling.

It is our choice when we want to gamble. People make a choice when they wanted something to do, so when you gamble because you just want to then lose it is your fault not gamble itself. And we cannot consider trading as gambling they are different in many ways. Like gambling is just relying on luck while trading is more on knowledge.

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Quote from: chaser15 on September 01, 2016, 02:35:50 AM

Quote from: teilwalL05 on August 31, 2016, 04:03:51 AM

Trading is not considered as gambling even both have the same risk on losing your money but on trading you could minimize the risk by studying trading techniques.

It is considered because there are money involved that will earn or lose.

The difference is, you can't purely rely on luck in trading since you can play with the price volatility compare to gambling where you will face the house edge of those gambling games that uses that one.

And techniques really a must but also you have to build experience as that is they key for a person to become a good trader.

Trading gives a great opportunity to earn and the longer we trade the more we learn base on our experience while in gambling the longer we stay to play the more we become fool, the real chance is in trading but it is not a guaranteed money as you need to learn it to earn it.

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Quote from: teilwalL05 on August 31, 2016, 04:03:51 AM

Trading is not considered as gambling even both have the same risk on losing your money but on trading you could minimize the risk by studying trading techniques.

It is considered because there are money involved that will earn or lose.

The difference is, you can't purely rely on luck in trading since you can play with the price volatility compare to gambling where you will face the house edge of those gambling games that uses that one.

And techniques really a must but also you have to build experience as that is they key for a person to become a good trader.

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Quote from: Bradexterb on August 31, 2016, 04:06:40 AM

I think trading has less variables which makes it a bit less risky, but still it will remain a gamble either way. I just think that if your looking for money and you have to choose between these two then trading would be the best option.

good point mate because in trading you just need knowledge and timing if you know how to read market movements and what's the reason why prices will hype up you can control your earnings so it is less riskier, unlike in gambling you are just waiting for your luck to earn profits so for me trading is not gambling in the sense of you know you are putting your money in investing to grow more in the long run.

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Quote from: adaseb on August 31, 2016, 05:23:25 AM

Well in general trading in July and August is never easy, there is very little liquidity. Thats probably why there is very little trading volume right now in Bitcoin and Ethereum. The same is true for the stock markets. Usually in Sept-Oct the liquidity picks up again.

And at the same time, people are gambling on that price change expecting many unique desires on how the price will move.

But in here we can see that they are gambling for a reason, I mean chances of happening to their desires is really possible compare to the usual type of gambling.

malmoghetto

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Personally I consider trading as gambling. So we need a source to check it is same or not.

From wikipedia, "Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize."

https://en.wikipedia.org/wiki/Gambling

Yes, it seems that my view is right, because you wager money(trade) on event with an uncertain outcome(go up or down) with the primary intent of winning additional money(trading for profit)

So three elements: consideration(consider up or down), chance(of win/lose) and prize(profit/loss)

When you use trading into the definition, you can find trading is 100% gambling.

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Well in general trading in July and August is never easy, there is very little liquidity. Thats probably why there is very little trading volume right now in Bitcoin and Ethereum. The same is true for the stock markets. Usually in Sept-Oct the liquidity picks up again.

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Quote from: mrkevio on August 31, 2016, 04:09:49 AM

It's still about luck, but just part of it. You never know when things can go wrong. The good traders are good because they know when the price changes. They always have the right info, so therefore they are making easy money everytime.

Yeah they have information about tradings and what should they buy or sell in this way they can really earn money in trading and with the help of the expert they will make it as long as they have guided and they understand what is happening in their money then there will be fine, they can make profit in a long run. Cheesy

mrkevio

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It's still about luck, but just part of it. You never know when things can go wrong. The good traders are good because they know when the price changes. They always have the right info, so therefore they are making easy money everytime.

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I think trading has less variables which makes it a bit less risky, but still it will remain a gamble either way. I just think that if your looking for money and you have to choose between these two then trading would be the best option.

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Quote from: roadbits on August 28, 2016, 10:21:42 AM

Quote from: daringdiscovered on August 28, 2016, 09:04:09 AM

Quote from: CroSany on August 27, 2016, 09:24:52 AM

No i dont consider trading as gambling because if somebody have skill for trading it dont need to be like gambling but for beginners it is like gambling.

I agree, especially when it comes to altcoin trading. When you just buy an altcoin without researching about it first is really a gamble. Your lucky if you bought the right coin even if you didn't study all about it at first. To those skilled traders it is more like an investment for them.

Yes, sin trading knowledge on the market is very important. And doing trading is easy to compare gambling. In gambling playing games easy but making a profit is very tough. But in trading for beginners, it is bit tough. Once we know how the market price will fluctuate then it is very easy. So I will not consider trading as gambling.

On trading it’s easy to heard by someone but if you try it and you don't have any knowledge even on the simplest things even on reading the chart you didn't even know then you're just wasting your time and money.
Trading is not considered as gambling even both have the same risk on losing your money but on trading you could minimize the risk by studying trading techniques.

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Quote from: freedomgo on August 31, 2016, 12:51:36 AM

Quote from: Zadicar on August 31, 2016, 12:35:33 AM

Quote from: stadus on August 28, 2016, 11:53:58 AM

Quote from: jakelyson on August 28, 2016, 10:43:16 AM

Quote from: chaser15 on August 25, 2016, 02:09:18 AM

Quote from: dunfida on August 25, 2016, 01:13:59 AM

Have knowledge on trading would give you the edge but it's not easy to choose coins since you need research and good technical and analytic skills with that. Trading isn't easy as it sounds but at least you could learn the important things so that you would be profitable in this matter. Agree, gambling doesn't even guarantee profits and it's only a matter of luck just like anything have said here.

If a person really wants to learn more about trading, whether for bitcoin or altcoin trading, they must put themselves in a study to gain knowledge. By everyday doing of trades, they will build experience that can help them do trading for a long term.

And agree with the last part of your statement, gambling is purely on luck but it excludes all the strategy based games.

Trading needs not just knowlege but a lot of experience. Even if you mastered all the techniques, if you do not have experience, you can still lose money. It is just like poker, you know the game but to be successful you need to have experience so you can control your emotions and to have a poker face. In trading, you need to control your emotions so you will not easily budge on your positions if things get worse.

Experience is the most important in trading to make money, you cannot be successful at first attempt and you are just basing you method on the theory you read over the internet, that won't work man.

I do agree, experience and knowledge would be both important to have a successful trading career because if you lack of those you would really had a hard time and experience would not be developed if you dont have knowledge on doing trading and also you could develop it along the way when you do trades.

Trading is never compared to gambling even though they have the same risk on losing your money but in trading you could actually overcome it.

Well, gambling could be hard for others but others feel comfortable in doing it. While trading, that activity where most of the investors selected because it has a trend that we can follow and market cannot be manipulated unlike in gambling where there are sites who do some shady operations.

We can't deny that there are some sites that are manipulating the fluctuations of economy to their website and they don't care if they are making fool to their customers. But for me, gambling is really just a trading because the risk to both of it is there. And if you are going to be a total risk taker then you are going to choose gambling.

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Quote from: Zadicar on August 31, 2016, 12:35:33 AM

Quote from: stadus on August 28, 2016, 11:53:58 AM

Quote from: jakelyson on August 28, 2016, 10:43:16 AM

Quote from: chaser15 on August 25, 2016, 02:09:18 AM

Quote from: dunfida on August 25, 2016, 01:13:59 AM

Have knowledge on trading would give you the edge but it's not easy to choose coins since you need research and good technical and analytic skills with that. Trading isn't easy as it sounds but at least you could learn the important things so that you would be profitable in this matter. Agree, gambling doesn't even guarantee profits and it's only a matter of luck just like anything have said here.

If a person really wants to learn more about trading, whether for bitcoin or altcoin trading, they must put themselves in a study to gain knowledge. By everyday doing of trades, they will build experience that can help them do trading for a long term.

And agree with the last part of your statement, gambling is purely on luck but it excludes all the strategy based games.

Trading needs not just knowlege but a lot of experience. Even if you mastered all the techniques, if you do not have experience, you can still lose money. It is just like poker, you know the game but to be successful you need to have experience so you can control your emotions and to have a poker face. In trading, you need to control your emotions so you will not easily budge on your positions if things get worse.

Experience is the most important in trading to make money, you cannot be successful at first attempt and you are just basing you method on the theory you read over the internet, that won't work man.

I do agree, experience and knowledge would be both important to have a successful trading career because if you lack of those you would really had a hard time and experience would not be developed if you dont have knowledge on doing trading and also you could develop it along the way when you do trades.

Trading is never compared to gambling even though they have the same risk on losing your money but in trading you could actually overcome it.

Well, gambling could be hard for others but others feel comfortable in doing it. While trading, that activity where most of the investors selected because it has a trend that we can follow and market cannot be manipulated unlike in gambling where there are sites who do some shady operations.

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Quote from: stadus on August 28, 2016, 11:53:58 AM

Quote from: jakelyson on August 28, 2016, 10:43:16 AM

Quote from: chaser15 on August 25, 2016, 02:09:18 AM

Quote from: dunfida on August 25, 2016, 01:13:59 AM

Have knowledge on trading would give you the edge but it's not easy to choose coins since you need research and good technical and analytic skills with that. Trading isn't easy as it sounds but at least you could learn the important things so that you would be profitable in this matter. Agree, gambling doesn't even guarantee profits and it's only a matter of luck just like anything have said here.

If a person really wants to learn more about trading, whether for bitcoin or altcoin trading, they must put themselves in a study to gain knowledge. By everyday doing of trades, they will build experience that can help them do trading for a long term.

And agree with the last part of your statement, gambling is purely on luck but it excludes all the strategy based games.

Trading needs not just knowlege but a lot of experience. Even if you mastered all the techniques, if you do not have experience, you can still lose money. It is just like poker, you know the game but to be successful you need to have experience so you can control your emotions and to have a poker face. In trading, you need to control your emotions so you will not easily budge on your positions if things get worse.

Experience is the most important in trading to make money, you cannot be successful at first attempt and you are just basing you method on the theory you read over the internet, that won't work man.

I do agree, experience and knowledge would be both important to have a successful trading career because if you lack of those you would really had a hard time and experience would not be developed if you dont have knowledge on doing trading and also you could develop it along the way when you do trades.

Trading is never compared to gambling even though they have the same risk on losing your money but in trading you could actually overcome it.

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Quote from: John Constantine on August 30, 2016, 06:03:55 PM

In trading you can increase your chances with knowledge, but it's still a gambling game, specially when you are betting on new coins. In the cryptocurrency market, many times there is a high difficulty to know where it will go.

You are right with it, trading is also considered as gambling. But the main thing about is that in gambling your money is going to lose very fast.

Even you are not going to have good strategy or background checking and research for the game that you are going to play if you are unlucky then you are going to lose.

But with trading if you are going to have proper research and you are going to have enough knowledge then you are lessening the risk.

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Quote from: BicolIsarog on August 25, 2016, 01:51:00 AM

Maybe? I think there are many difference between gambling & trading for example, Trading needs to be patience while the gambling
you need more luck. Otherwise if you don't have patience highly recommended not to trade!

Exactly, i also realize not similarities between each others, but one thing patience we need it in both ways. Actually when i play gambling than i feel so much excitement and also worried, but i am not play gambling for earn money, and also in trading seriously it is time taking work, so both gambling and trading need patience.

In terms of patience we can consider both of them the same things, but actually these both are totally different things, these both have different aims for the public, in gambling we get entertainment while in trade we get the profit, in gambling we defeat each other while in trading we provide help(service for providing assets or exchange) to each other, so in these terms and some other aspects gambling and trading are two different things.

Yeah, you are right, in gambling we only get entertainment is totally designed for entertainment and we cannot expect any profit from there as it is not sure that when we invest our money we will get them back, we just spend there for entertainment.

so you guys think gambling are a fun investment? a high risk investment to get have fun? i never think gambling are something like that , but i always think when i put my money in something that have a high risk i call it as a gambling. then yeah as long as it's has a high risk that we never know the ourcome , we could consider anything as gambling.

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In trading you can increase your chances with knowledge, but it's still a gambling game, specially when you are betting on new coins. In the cryptocurrency market, many times there is a high difficulty to know where it will go.

Topic: Do you consider trading as gambling? - page 62. (Read 47346 times)