Do you consider trading as gambling? - page 83.

Krayshock

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Quote from: jakelyson on April 04, 2016, 07:38:51 AM

Quote from: Krayshock on April 04, 2016, 07:01:31 AM

Trading is gambling. Everything is a gamble, actually. Because there will always be a probability that something will fail on every single thing. As for trading, the market is very unpredictable, especially in cryptocurrency. People will try to buy low, then later you notice that everyone is actually dumping the coin already before you can earn a profit.

If it is not cryptocurrency, you can say that there are ways, techniques or systems that you can follow to ensure that you can profit from trading. Then you can say it is not a gamble anymore because you have lessened the risks of failure. It is only a gamble if you are trade blindly or without any knowledge of trading.

Everything is a gamble as long as there is a probability of failure. But yeah, you're right, people planning to trade should know the procedures and the basic knowledge in trading to lessen the probability of losing.

jakelyson

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Quote from: Krayshock on April 04, 2016, 07:01:31 AM

Trading is gambling. Everything is a gamble, actually. Because there will always be a probability that something will fail on every single thing. As for trading, the market is very unpredictable, especially in cryptocurrency. People will try to buy low, then later you notice that everyone is actually dumping the coin already before you can earn a profit.

If it is not cryptocurrency, you can say that there are ways, techniques or systems that you can follow to ensure that you can profit from trading. Then you can say it is not a gamble anymore because you have lessened the risks of failure. It is only a gamble if you are trade blindly or without any knowledge of trading.

Krayshock

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Trading is gambling. Everything is a gamble, actually. Because there will always be a probability that something will fail on every single thing. As for trading, the market is very unpredictable, especially in cryptocurrency. People will try to buy low, then later you notice that everyone is actually dumping the coin already before you can earn a profit.

Newcoins2020

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I consider it not as gambling although trading also has some risks that are almost the same as gambling itself in my eyes.
I must say everything has risks so I do not consider it as the same but keep in mind it can also let you lose a lot of money, of course there is also a good chance that you will make profit.

sinisuba

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Quote from: pvaspecialist on April 02, 2016, 11:36:16 AM

-snip-

Hey guys, look who found out how to copy and paste.

LiQuidx

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It is a form of gambling but with lower risk (and payout) in my opinion. You can take into account more factors than just pure luck but still you may end up losing due to the nature of trading.

Skaven

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No I do not think gambling is the same as trading. With trading you are sure you get something back. With gambling you can get something extra but you are not sure if you will win.

NewInCryptoCurrency

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No I am not, people is trading to have some profit with it and that is very nice for them and people that is gambling are gambling for fun and that is an another reason.
You can lose a lot of money with gambling and that can be really bad for you, so trading is much better I think than gambling and most people knows that I think.

BTCLovingDude

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Quote from: cjmoles on March 30, 2016, 02:28:27 AM

Yes, trading is a form of gambling, especially if one is speculating on futures. Any situation where one makes decisions that involve a risk, a reward, and a factor of probability it can be considered gambling. In fact, when one evaluates their terms with an insurance company, they would have to concede that their insurance premiums are a disguised form of gambling also.

trading is only considered as a gambling if the trader has no idea what he is doing and just buys randomly and sells randomly whenever his gut tells him to do so.
but you can actually do some analysis, research and speculate the market knowing all that information so it is not a shot in the dark

bakingbad

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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?

i think yes, because you're not sure if you will win money or lose, and everything that have chance to lose money is gambling, atleast i think like this

i noticed that other people thinks like me too, so i think that it is gambling

fullypak

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Quote from: gtglener on April 02, 2016, 11:41:56 AM

Not at all, trading and gambling are two different things.
Trading is a good mean of earning a living which require sense, while gambling leads to addiction and in return you will lose all you have.

Yes, that is true. Both are completely different, if one manage it properly. Because if any one try for day trading than it is almost equal to gambling because in day trading no strategy or calculations will work. But it need pure lucky similar to gambling winnings. So if any one want to make money from trading than don't target for day trading. Good luck guys.

Kepler510

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I think it could be, because in the gambling and trading system of profit and loss and wear. but gambling and trading has risk and different games. I think the trade is better than gambling. Because the name gambling definitely has a very small percentage for profit, in contrast to the trade we can benefit folding many times by using a good strategy, let alone market Bitcoin can certainly benefit quickly. The largest is the owner of advantage gambling gambling and trading profit the most are those who master the trade

gtglener

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Not at all, trading and gambling are two different things.
Trading is a good mean of earning a living which require sense, while gambling leads to addiction and in return you will lose all you have.

pvaspecialist

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Gambling is defined as staking something on a contingency. However, when trading is considered, gambling takes on a much more complex dynamic than the definition presents. Many traders are gambling without even knowing it - trading in a way or for a reason that is completely dichotomous with success in the markets.

bitdumper

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Hehe even living is a gamble.
It depends upon our view:)

danherbias07

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Quote from: tiggytomb on March 30, 2016, 05:52:09 AM

Definitely I see them as one in the same, trading perhaps a bit more skilled as in you can do your research on the coin and identify possible uplifts and so on but at the end of the day it is a gamble, you can win big and you can lose everything so I would say to me anyway they are the same.

Very right. Learning some knowledge regarding the flow of bitcoin can take you to a good level of trading. While gambling that is playing while using money in the game. Although they are almost the same there are some disadvantages in gambling.

Dr.Osh

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Quote from: chaser15 on March 30, 2016, 05:48:23 AM

The only difference between trading and gambling is, trading can bring you in a long run while gambling won't. More earnings you can get too by trading for a long term and the chance is really high rather than expecting good returns in a short time doing gambling.

gambling may also take you to the advantages that long, but if you're very lucky. very few people like that, as opposed to trading, which could make a profit in a long time, but you must have the ability in this regard

bitdumper

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In trading you can flow with market and earn while in Gambling everything moves and you stand still.

Daneric

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Similarity or difference in gambling and trading can only be ascertained when you specify what is at stake. If your trading is involving any speculation, then it is similar to gambling. When you are trading in a commodity with a specific price tag and return, then you will not be gambling.

EdenHazard

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Quote from: tiggytomb on March 30, 2016, 05:52:09 AM

Definitely I see them as one in the same, trading perhaps a bit more skilled as in you can do your research on the coin and identify possible uplifts and so on but at the end of the day it is a gamble, you can win big and you can lose everything so I would say to me anyway they are the same.

Most people (especially trader) now feel desperate by calling trading same as gambling.

I totally disagree with this, trading truly need a specific skills. Everybody can be a trader ok but without specific skills then it can be called as gambler.

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