Do you consider trading as gambling? - page 63.

virtualkeybuyer

hero member

Activity: 644

Merit: 500

Quote from: mirakal on August 25, 2016, 03:21:26 AM

Quote from: stadus on August 25, 2016, 02:52:27 AM

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!

Timing is what makes you succeed in trading, you do not need to wait for a long time before you sell your coins if you can take any opportunity to buy low and sell high at any given time, trading need focus on the market of coins you are planning to trade to have a good insights that would be use in decision making.

Therefore you need to have a long patience in trading, as not all the time the price is always in your favor. I agree timing is everything but you cannot do the right timing if you do not have the right patience, they work together to do trading successfully.

But in trading we earn even in the times when it will not be in our favor like if the price of an asset is coming down then we can still earn from there keeping our focus on the fluctuations in the price (buying at lower and selling at high) but in gambling once the time comes against us then there remain nothing and we lose everything.

bestluck

hero member

Activity: 658

Merit: 500

Quote from: Vikingr on August 27, 2016, 05:21:47 AM

Quote from: Oralmat on August 25, 2016, 02:19:07 AM

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.

It is a good description for explaining about both of them, These both are really opposite to each other if we look into its aim, gambling is designed for entertainment and we get entertained when we defeat someone, while trade is designed for providing the service of exchange and profit from there and we get the profit when we provide the service/help to someone.

Cresciuanto

sr. member

Activity: 252

Merit: 250

Quote from: PacePay on August 30, 2016, 12:08:47 PM

Quote from: Vikingr on August 27, 2016, 05:21:47 AM

Quote from: Oralmat on August 25, 2016, 02:19:07 AM

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.

no i do not think that gambling is totally design for entertainment, i think is is specially design for biting and nothing else. because if money is not involve in gambling then gambling is useless and there is no fun in it, you can get fun from gambling if you are making money but if you are loosing it then it become one of the boring thing of the world.

PacePay

hero member

Activity: 672

Merit: 500

Quote from: Vikingr on August 27, 2016, 05:21:47 AM

Quote from: Oralmat on August 25, 2016, 02:19:07 AM

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.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

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.

jakelyson

legendary

Activity: 2240

Merit: 1069

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.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

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.

correctly . some people who have trade skills will choose to trade than gambling. for those who want to try your luck then gambling is the right choice. every action there must be a risk.

roadbits

legendary

Activity: 1092

Merit: 1000

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.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: freedomgo on August 17, 2016, 01:49:30 AM

Quote from: Herbert2020 on August 17, 2016, 01:37:40 AM

Quote from: adaseb on August 17, 2016, 01:27:28 AM

Quote from: jakelyson on August 17, 2016, 01:18:13 AM

Quote from: zend7 on August 15, 2016, 02:09:36 AM

In trading you can have a bit of an edge as trading is related more in the news of the market which if you know how to read them right you may have an edge against the house. Gambling usually is based on pure luck in the majority of its games and very few games involve skill like poker. I would say they are almost the same as with both of them most of the people lose money anyway.

You are right. You can actively research the coins you are trading so you can make the right decisions in your trading. While in gambling, there is no choice but to rely on your luck. It is more profitable in trading because you can use your luck and the knowledge and skills you have to make good money.

Yeah true but with the amount of scam coins out there, its pretty much no different than gambling. The most promising coins end up a scams and the dumbest coins like Dogecoin actually end up surviving.

all those scam coins are obviously scam from the start, you can easy find out about this if you know what clues you should look for in these coins.

and remember that there is always a reason for a coin's survival it is not out of pure chance, for example Dogecoin has the community support and people are actually interested in using it. and the only reason for the low price of Doge is because of the high reward for the miners which creates a massive dump each day.

So I think in that way it is good to hold doge for a long term investment as when the miners will not dump anymore, the price will eventually increase. I have actually was not able to follow that coin but I heard it has a good potential in the future, I am more into new coins like lisk and waves.

no not necessarily!

because even when the miners earn less because of halving and all that, and then dump less there should be some kind of demand that has the buy power to push the price up and i don't think it can happen even in the future.

i am also interested in new coins with better features like Lisk and today Monero is going to the moon which is awesome.

deadpoolx

hero member

Activity: 560

Merit: 500

In general, trading is comparable to gambling, considering some aspects. But since there are many factors which influence the price, it is not pure gambling. Its more about getting informations and trying to predict the price.

daringdiscovered

hero member

Activity: 700

Merit: 500

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.

CroSany

full member

Activity: 196

Merit: 100

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.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Bajirao871 on August 27, 2016, 08:45:32 AM

Quote from: teilwalL05 on August 27, 2016, 07:49:42 AM

Quote from: wxa7115 on August 24, 2016, 02:17:57 PM

Quote from: twa on August 24, 2016, 05:06:40 AM

Well of course not, in trading you are 100% sure that you will get something, even if less than you bought for, while in gambling you can't be 100% sure that you will get something back, so trading is not even close to gambling.

That is not completely accurate if whatever you were trading crashed down to zero you will not obtain anything out of it.

Yeah I think you are right, because all I know when you trade you will be the one who check if the trading is coming up or coming down and this will need more patient. You need to wait until your money grows up. You must also know what should need to buy or sell. We all need knowledge before we enter trading.

Yeah, it's something that most mainstream of trading, because without knowledge we will experience confusion in trade. because we do not know where to do or can we do something so carelessly and finally just give bad impact the lives and also you will experience major losses. Knowledge is much more important than the money that you think

Rushing onto things without knowledge would really give you confusion on anything that you would encounter especially on trading its easy to heard by someone but if you try it and you dont have any knowledge even on the simpliest things even on reading the chart you didnt even know then youre 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.

newcripto

hero member

Activity: 728

Merit: 500

There is not big difference between trading and gambling as in both when you loose you don't have chance to recover. It is make or break situation and you can not control the results. Some people say trading is more safer it is everyone's opinion the way that sees thing but in reality near me they work same way. Trading and gambling both are dependent on luck to make some money from these.

Bajirao871

newbie

Activity: 28

Merit: 0

Quote from: teilwalL05 on August 27, 2016, 07:49:42 AM

Quote from: wxa7115 on August 24, 2016, 02:17:57 PM

Quote from: twa on August 24, 2016, 05:06:40 AM

Well of course not, in trading you are 100% sure that you will get something, even if less than you bought for, while in gambling you can't be 100% sure that you will get something back, so trading is not even close to gambling.

That is not completely accurate if whatever you were trading crashed down to zero you will not obtain anything out of it.

Yeah I think you are right, because all I know when you trade you will be the one who check if the trading is coming up or coming down and this will need more patient. You need to wait until your money grows up. You must also know what should need to buy or sell. We all need knowledge before we enter trading.

Yeah, it's something that most mainstream of trading, because without knowledge we will experience confusion in trade. because we do not know where to do or can we do something so carelessly and finally just give bad impact the lives and also you will experience major losses. Knowledge is much more important than the money that you think

teilwalL05

hero member

Activity: 980

Merit: 500

Quote from: wxa7115 on August 24, 2016, 02:17:57 PM

Quote from: twa on August 24, 2016, 05:06:40 AM

Well of course not, in trading you are 100% sure that you will get something, even if less than you bought for, while in gambling you can't be 100% sure that you will get something back, so trading is not even close to gambling.

That is not completely accurate if whatever you were trading crashed down to zero you will not obtain anything out of it.

Yeah I think you are right, because all I know when you trade you will be the one who check if the trading is coming up or coming down and this will need more patient. You need to wait until your money grows up. You must also know what should need to buy or sell. We all need knowledge before we enter trading.

Vikingr

hero member

Activity: 798

Merit: 500

Quote from: Oralmat on August 25, 2016, 02:19:07 AM

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.

Invincibl3

newbie

Activity: 45

Merit: 0

Quote from: freedomgo on August 27, 2016, 05:06:41 AM

Quote from: chaser15 on August 25, 2016, 04:08:05 AM

Quote from: mirakal on August 25, 2016, 03:21:26 AM

Quote from: stadus on August 25, 2016, 02:52:27 AM

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!

Timing is what makes you succeed in trading, you do not need to wait for a long time before you sell your coins if you can take any opportunity to buy low and sell high at any given time, trading need focus on the market of coins you are planning to trade to have a good insights that would be use in decision making.

Therefore you need to have a long patience in trading, as not all the time the price is always in your favor. I agree timing is everything but you cannot do the right timing if you do not have the right patience, they work together to do trading successfully.

Trading is all about time. No rush things must be made since people will just add the risk.

If people are not that enthusiast for the method that will takes time before to earn a decent one, better don't consider trading as one of their method to earn bitcoin.

Definitely, because we need to have big patience in trading. It is not that all the time our prediction are right but with big patience we are able to wait for the price to rise again and then sell our bitcoins. Patience is also important in gambling because without it we will tend to chase our bets which will lead us to disaster.

Trading involves more of knowledge, technical analysis and money management.
Gambling involves knowledge, analysis and at times if a boat is too heavy it tend to sink.
I personally don't feel trading as gambling.

freedomgo

legendary

Activity: 3248

Merit: 1160

Playbet.io - Crypto Casino and Sportsbook

Quote from: chaser15 on August 25, 2016, 04:08:05 AM

Quote from: mirakal on August 25, 2016, 03:21:26 AM

Quote from: stadus on August 25, 2016, 02:52:27 AM

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!

Timing is what makes you succeed in trading, you do not need to wait for a long time before you sell your coins if you can take any opportunity to buy low and sell high at any given time, trading need focus on the market of coins you are planning to trade to have a good insights that would be use in decision making.

Therefore you need to have a long patience in trading, as not all the time the price is always in your favor. I agree timing is everything but you cannot do the right timing if you do not have the right patience, they work together to do trading successfully.

Trading is all about time. No rush things must be made since people will just add the risk.

If people are not that enthusiast for the method that will takes time before to earn a decent one, better don't consider trading as one of their method to earn bitcoin.

Definitely, because we need to have big patience in trading. It is not that all the time our prediction are right but with big patience we are able to wait for the price to rise again and then sell our bitcoins. Patience is also important in gambling because without it we will tend to chase our bets which will lead us to disaster.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: mirakal on August 25, 2016, 03:21:26 AM

Quote from: stadus on August 25, 2016, 02:52:27 AM

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!

Timing is what makes you succeed in trading, you do not need to wait for a long time before you sell your coins if you can take any opportunity to buy low and sell high at any given time, trading need focus on the market of coins you are planning to trade to have a good insights that would be use in decision making.

Therefore you need to have a long patience in trading, as not all the time the price is always in your favor. I agree timing is everything but you cannot do the right timing if you do not have the right patience, they work together to do trading successfully.

Trading is all about time. No rush things must be made since people will just add the risk.

If people are not that enthusiast for the method that will takes time before to earn a decent one, better don't consider trading as one of their method to earn bitcoin.

Topic: Do you consider trading as gambling? - page 63. (Read 47337 times)