Do you consider trading as gambling? - page 77.

chaser15

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Quote from: ImHash on June 14, 2016, 02:40:50 AM

actually trading is more like ponzi in nature, because always when trading if you lose some one else wins and if you profit as well some one
Else is losing money, but gambling is just for the house to win and 97% of players to lose then 3% win with the house as well.

Disagree.

Trading earnings depends on your strategy on how you will buy or sell your coins.

Ponze earnings depends only on the mood of the owner if they will still continue to give rewards to it's clients.

See the difference?

ImHash

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actually trading is more like ponzi in nature, because always when trading if you lose some one else wins and if you profit as well some one
Else is losing money, but gambling is just for the house to win and 97% of players to lose then 3% win with the house as well.

Piltover

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Quote from: aranachristianjay on June 13, 2016, 12:57:43 PM

Quote from: futurebit640 on June 13, 2016, 11:26:28 AM

Quote from: Patatas on June 10, 2016, 08:18:58 AM

Quote from: kryptqnick on June 10, 2016, 08:09:43 AM

Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.

Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ?

Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it.

Yes gambling is purely based on luck and no one predict this when we get luck. Some times we plan to stop betting because of continuous loss but in that time our luck will work and we start to win our betting. So in both trading and gambling we need luck and both are same. Both have same risk.

Not all gambling games are based on luck, some of it are also a skill based like card games on an online casinos out there, take into account the card game poker, wherein you need a good thinking to win the game, and a small part of that game is only affected by the luck that you just had said.

Luck based games are the ones like the dice game, roulette, or slots, wherein you don't have a control of the result even for a small part of the game.

Gambling not that best than trading and that is because you dont have to be lucky in trading if you want to earn some money with it you just only need a strategy.
And in gambling there is a higher chance that you are losing money than you win so that is really bad.

Dr.Osh

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it is completely different. if you look from the side of the trade, then most likely you can get a greater profit from the trade, because if you're very good at predicting price increases, most likely you can benefit but vice versa, if you're not great at predicting the price, it could make you bankrupt. whereas gambling is a game that can make your adrenaline rise and make you have fun. gambling also can make you rich, but it depends on the luck that you have, and if you're hooked, it will be very difficult to be stopped

aranachristianjay

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Quote from: futurebit640 on June 13, 2016, 11:26:28 AM

Quote from: Patatas on June 10, 2016, 08:18:58 AM

Quote from: kryptqnick on June 10, 2016, 08:09:43 AM

Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.

Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ?

Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it.

Yes gambling is purely based on luck and no one predict this when we get luck. Some times we plan to stop betting because of continuous loss but in that time our luck will work and we start to win our betting. So in both trading and gambling we need luck and both are same. Both have same risk.

Not all gambling games are based on luck, some of it are also a skill based like card games on an online casinos out there, take into account the card game poker, wherein you need a good thinking to win the game, and a small part of that game is only affected by the luck that you just had said.

Luck based games are the ones like the dice game, roulette, or slots, wherein you don't have a control of the result even for a small part of the game.

Bitcoinsummoner

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If me i dont consider trading is gambling because they are different gambling is a game and trading is just like a market that you are just buying cheap stuffs and sell it to high.. unlike gambling you are playing your money to have fun or to have profit..

futurebit640

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Quote from: Patatas on June 10, 2016, 08:18:58 AM

Quote from: kryptqnick on June 10, 2016, 08:09:43 AM

Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.

Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ?

Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it.

Yes gambling is purely based on luck and no one predict this when we get luck. Some times we plan to stop betting because of continuous loss but in that time our luck will work and we start to win our betting. So in both trading and gambling we need luck and both are same. Both have same risk.

relq

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Yes it is. I think trading same as gambling, you also predict on trading and hope your predict is right, same as gambling though. But in trading, when you lose, you not lose all your money.

DarkThrones

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It's risky to a point but it's not like a gamble. Gamble is pure chance and trading is more like an informed decision with risk. So as you see they are not the same.

Patatas

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Quote from: kryptqnick on June 10, 2016, 08:09:43 AM

Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.

Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ?

Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it.

kryptqnick

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Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.

bitcoin-hunter

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Quote from: mobnepal on June 08, 2016, 02:22:03 PM

Quote from: ravens on June 08, 2016, 01:19:51 AM

I think that trading is gambling since they both mainly rely on luck.

If you don't go through the news about the altcoin or bitcoin at back and only rely on the troll in trading platform than only luck matters but if you can trade with making wise dicision and knowledge about how market will behave with news you will get profit without any risk.

Trading is not that risky as gambling and that is because the chance is really higher in gambling that you can lose money with it and that is bad.
Because with trading you have a higher chance that you can earn more money with it because you need just a good strategy for it.

TemplarKnightUK

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Trading is only gambling in a certain sense, when there is excessive volatility in the market. One must bear in mind that when you trade, you are selling a service. That is to say traders provide liquidity, and a mechanism of price discovery, to the market.

RealPhotoshoper

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Quote from: fullypak on June 08, 2016, 09:59:29 PM

Quote from: RealPhotoshoper on June 08, 2016, 05:58:41 PM

Quote from: mobnepal on June 08, 2016, 02:22:03 PM

Quote from: ravens on June 08, 2016, 01:19:51 AM

I think that trading is gambling since they both mainly rely on luck.

If you don't go through the news about the altcoin or bitcoin at back and only rely on the troll in trading platform than only luck matters but if you can trade with making wise dicision and knowledge about how market will behave with news you will get profit without any risk.

basically trading is not something that rely/based on luck , but gambling it is.
trading need a good knowledge , skills and experience to starts make profit.
but gambling no need anything except 1. money 2. brave , so i did not consider trading same as gambling.

Trading may not depend fully on luck, but surely one should be lucky to make some good decent profits. Nowadays just an only by the knowledge we can't always win in trading and also trading is not an easy way to make money, and it is very high risk and reward program. So trade very carefully.

trading are more fun than gambling in terms getting fun through something like games which can make you smart.
gambling rely on luck we can bet randomly and see the outcome , we can not predict it based on a pattern or something like that.
but trading you can analyze a certain pattern and start make decision .

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Quote from: Bitcoinbee on June 09, 2016, 01:59:31 AM

You can actually gamble in trading in the event that there will be a possible uncertainty which means if you gamble for a trade you are up-to taking the chances to luckily make profits. Traders usually do this at the summit of the rate increasing value which they are still trying to make profits at the peak which is eventually not totally risky since the value fluctuates in a very minimal flow, otherwise there will be a sudden drop and that's it your dead. It is a very risky approach and if successful, you are a very clever businessman.

Yeah, you can invest in a coin that you have never heard of and have no experience prior with. That will be an uncertainty of risk. You don't know how high it can go, and how long it can go either.

That is gambling. However, you can invest in something safe, and that is not gambling.

aoihs00

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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?

personally yes... trading is like gambling, gambling is like trading.
Just sometimes some bet are more "fun" than real trading!

Bitcoinbee

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You can actually gamble in trading in the event that there will be a possible uncertainty which means if you gamble for a trade you are up-to taking the chances to luckily make profits. Traders usually do this at the summit of the rate increasing value which they are still trying to make profits at the peak which is eventually not totally risky since the value fluctuates in a very minimal flow, otherwise there will be a sudden drop and that's it your dead. It is a very risky approach and if successful, you are a very clever businessman.

Shinpako09

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Yes they are the same because you are also taking risk but its way different in gambling games. Gambling games always depends on your luck while trading needs knowledge when your doing it. IMO taking a risk on one thing means gambling not only those who has money involve.

Herbert2020

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Quote from: futurebit640 on June 08, 2016, 11:59:29 PM

Quote from: Slippin_Jimmy on June 08, 2016, 10:39:26 PM

It's educated gambling. You might be able to get an edge by trading. The thing about gambling is the house has the edge. In trading you just have to have an edge over whoever will try and buy your coins. So this could be information somebody doesn't have, research and chart reading knowledge you have etc.

Exactly risk in both are same but playing gambling and trading is different for trading you must know about market and gambling you must know about games. So Trading is different and gambling is different.

how is the risk the same?

the risk of gambling and risk of trading is not the same at all. in gambling you are risking all your money (all that you have placed on the bet) and there is no way of knowing about the result.

this is while you are not risking "all" your money in trading, you can always sell at a loss and only lose a small portion of the investment not all of it unlike gambling. also you can predict the price to some extent.

futurebit640

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Quote from: Slippin_Jimmy on June 08, 2016, 10:39:26 PM

It's educated gambling. You might be able to get an edge by trading. The thing about gambling is the house has the edge. In trading you just have to have an edge over whoever will try and buy your coins. So this could be information somebody doesn't have, research and chart reading knowledge you have etc.

Exactly risk in both are same but playing gambling and trading is different for trading you must know about market and gambling you must know about games. So Trading is different and gambling is different.

Topic: Do you consider trading as gambling? - page 77. (Read 47337 times)