Do you consider trading as gambling? - page 74.

mishra1994

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Quote from: hermanhs09 on July 09, 2016, 09:21:44 AM

Trading and gambling are two completely different things,because when you are very skillful,you can make yourself rich
out of trading because you know what to do,but you cannot actually get rich with gambling even if you have insane gambling skills (???wtf? Huh

?)

Yes we cannot compare gambling with trading.I have seen many people get success and make regular money with good knowledge and experience on trading but i have seen no gamblers make profit on a regular basis here.i myself gamble a lot sometimes i win but more often i loose doent matter how much strategy i make

hermanhs09

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Trading and gambling are two completely different things,because when you are very skillful,you can make yourself rich
out of trading because you know what to do,but you cannot actually get rich with gambling even if you have insane gambling skills (???wtf? Huh

?)

dhampir-D

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It's like gambling where you can increase your chances with good informations, but the manipulation from the P&D groups can make it very difficult.

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Quote from: bbc.reporter on July 09, 2016, 06:51:45 AM

Quote from: jakelyson on July 09, 2016, 06:10:19 AM

Quote from: drwtsn32 on July 03, 2016, 07:29:54 AM

Just like what I said here: https://bitcointalksearch.org/topic/m.15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.

You will lose money if you do not use your head and just trade blindly. That is why there is called research and charts. You use them to predict properly and not trade no blindly. If you do that, the risk is lessen and it will not be too much of a gamble. You will be assured of profit for all your trade. Just do your work first before doing trades.

So meaning if a person is not doing his research and just follows what he reads in this forum when he wants to trade altcoins, can that be considered that he is gambling? I think it can be.

Yes. Once you put your money in the line for something that is considered as gambling. You dont know what will happen you just got some information in a forum and still not sure if it will really happen. That is how gambling works.

bbc.reporter

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Quote from: jakelyson on July 09, 2016, 06:10:19 AM

Quote from: drwtsn32 on July 03, 2016, 07:29:54 AM

Just like what I said here: https://bitcointalksearch.org/topic/m.15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.

You will lose money if you do not use your head and just trade blindly. That is why there is called research and charts. You use them to predict properly and not trade no blindly. If you do that, the risk is lessen and it will not be too much of a gamble. You will be assured of profit for all your trade. Just do your work first before doing trades.

So meaning if a person is not doing his research and just follows what he reads in this forum when he wants to trade altcoins, can that be considered that he is gambling? I think it can be.

jakelyson

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Quote from: drwtsn32 on July 03, 2016, 07:29:54 AM

Just like what I said here: https://bitcointalksearch.org/topic/m.15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.

You will lose money if you do not use your head and just trade blindly. That is why there is called research and charts. You use them to predict properly and not trade no blindly. If you do that, the risk is lessen and it will not be too much of a gamble. You will be assured of profit for all your trade. Just do your work first before doing trades.

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Quote from: Superbitzz on July 08, 2016, 07:16:39 PM

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.

Yeah may be that is true but how can you depends on trading for your living cost and everything? Doesnt make any sense to me because all you need is more money to keep on trading mean while if you are not have that kind of money you wont get good profit to pay your living cost? And by gambling all you need is some luck which can lead you to earn some good amount and after win jackpot you can stop playing it anymore, although it is risky thing but sure worth to try

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Quote from: BlueStackz on July 03, 2016, 06:17:22 AM

Quote from: akogwapo14 on July 02, 2016, 01:30:43 AM

Gambling and trading is not the same in trading you'll just need learning and patient to make profit if you'll not study first before entering trading you will end up loosing not like gambling its all about luck ,

It would be stupidity to consider trading as gambling. Trading is a business where you need to have knowledge and some skill to make money. It mostly depends on you effort and hard work. But gambling is a complete different story you are just using your money to check your luck. You can easily win or lose in gambling unlike trading.

Omg finally someone understand. Yes it is like betting both you can research and study and understand how markets and things work. Otherwise why can you study trading if its just gambling ? Yes it is risky but the more you know the less the risk. Gambling is like shooting a gun with no sight, trading or betting is like a gun with a sight, I't has direction.

Edwardard

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trading and gambling are very different from each other. trading is a mind game while gambling is only luck based. if you have enough planning and thinking power, you can earn good profits from trading but without luck nothing can help you to win in gambling.

Lucas*

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In my opinion trading and gambling are the same but with difference in risks , the risk in trading is less than gambling ,you van lose all your money in gambling with one bet , but when you trade you can lose a part of money not all .
i consider trading as gambling , both are a wasting of time and money .

Caladonian

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Quote from: angaper on July 08, 2016, 07:51:10 PM

Of course no my friend. Through a proper strategy and a solid money management you can ensure a consistent profitability in any market, and I know of what I speak because I have kept an excellent performance for more than five years as a forex trader.

wow any guide for free sir? just wanna learn some insight aside from studying just got curious doing it for 5 years
maybe you already relies from your earnings good luck sir.

fullypak

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Quote from: Superbitzz on July 08, 2016, 07:16:39 PM

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.

Yes, that is true. Trading and gambling both are different but if anyone go for day trading than both will be same because in day trading there is no strategies will work always but only luck will bring money in trading. So don't ever do day trading, it is almost equal to gambling.

angaper

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Of course no my friend. Through a proper strategy and a solid money management you can ensure a consistent profitability in any market, and I know of what I speak because I have kept an excellent performance for more than five years as a forex trader.

Superbitzz

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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.

BossMacko

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I do consider trading as a gambling because you can win and you can lose here. I prefer trading than Dice, Sportsbetting or any type of gambling because in trading you will lose but you will not lose all your Bitcoin or Money. Unlike on other type of gambling if you bet 1 Bitcoin and if that bet lose you will not get it back unless you bet again.

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Quote from: DeathAngel on July 03, 2016, 10:56:13 AM

Trading is gambling especially for noob or unskilled traders. Only massive whales really know which way the market will go because they can control it.

Yes but sometimes a whale cannot do it himself. He need another whale if he wants a bigger movement. I love trading more. If price falls I still some to get back unlike gambling.

teilwalL05

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Quote from: stepwilli on July 03, 2016, 07:57:57 AM

Quote from: drwtsn32 on July 03, 2016, 07:29:54 AM

Just like what I said here: https://bitcointalksearch.org/topic/m.15453353

Trading is one example of gambling. Why?
Because gambling is basically putting your money to risk.
You may lose your money if you did not predicted nicely.

This might be the reason of approaching your trading to test your luck. You need to have some skills to make profits from trading. Other wise, you will end up in finding your trading similar to gambling. I am not ready to accept trading as gambling.

well said, in trading we really need more education before you start trading because if not that is also the same result in gambling, you trade without learning. and you will end up losing money. But don't think that trading is similar to gambling.

DeathAngel

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Trading is gambling especially for noob or unskilled traders. Only massive whales really know which way the market will go because they can control it.

lite

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Quote from: maxhor on July 03, 2016, 08:14:09 AM

Quote from: thecrimson16 on July 03, 2016, 07:59:16 AM

Trading is NOT gambling. There is no house edge in trading and you have a decent chance of Making money in the long run

But if you are unlucky and invest into dead coin than it is very similar to gamble and it have same risk while we are playing on any casino, that is true there is no house edge exist but we have so many example of scam coins.

You shouldn't just simply invest/trade just any altcoin and hope to make profits, you should research before investing/trading whether it be an altcoin/bitcoin or any stock.

maxhor

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Quote from: thecrimson16 on July 03, 2016, 07:59:16 AM

Trading is NOT gambling. There is no house edge in trading and you have a decent chance of Making money in the long run

But if you are unlucky and invest into dead coin than it is very similar to gamble and it have same risk while we are playing on any casino, that is true there is no house edge exist but we have so many example of scam coins.

Topic: Do you consider trading as gambling? - page 74. (Read 47337 times)