Topic: Do you consider trading as gambling? - page 95. (Read 47337 times)
of course it is gambling, you're not sure if you will win or you won't, so i think it counts as gambling, it's risky too like i said, but a lot of people thinks about it as job, but it's gambling
Since both of gambling & trading has a risk of loss, I can say there are same.
But they have different chance of loss.
By gambling depend on HE and your luck today. Some site can be manipulated the result so beware of it.
Meanwhile trading mostly depend on supply and demand on one community etc... so it's quite difficult for "dealer or owner" to cheated the result of trading
Gambling is the easiest way for users to spend their bitcoins and it doesn't even require any proof to withdraw your earnings unlike trading/exchange websites and that's the reason many prefer gambling sites. You can even hit jackpots if you're lucky but trading doesn't depend on any luck and you just need to be alert. But they have different chance of loss.
By gambling depend on HE and your luck today. Some site can be manipulated the result so beware of it.
Meanwhile trading mostly depend on supply and demand on one community etc... so it's quite difficult for "dealer or owner" to cheated the result of trading
I think trading is a puzzles with numbers, math, patterns and sequences based on knowledge, trends and information. 
Day trading is always very bad and it is almost equal to gambling. So don't look at number but look at the company past business performance and what are there future plans and company promoters past history to invest in company. It takes some time to grow our money in these kind of investments and results may not be instant.
I do agree, thanks klf for sharing your wisdom and experience. Noted.
I think trading is a puzzles with numbers, math, patterns and sequences based on knowledge, trends and information.
Day trading is always very bad and it is almost equal to gambling. So don't look at number but look at the company past business performance and what are there future plans and company promoters past history to invest in company. It takes some time to grow our money in these kind of investments and results may not be instant.
I think trading is a puzzles with numbers, math, patterns and sequences based on knowledge, trends and information.
Not really trading can be considered or compared to gambling. I think gambling needs only luck while trading as far as I am told by my friends is based on immense knowledge and depth about market.
Yes, that is true. Not only knowledge but also should have a patience to wait for your investments to grow. Because investing in market is nothing but investing on company business and any businesses to grow, it needs time. So pick some good companies and wait for long term than surely one can make good money but in gambling mostly every one will lose money at the end.
Absolutely not, when you gamble you have a 50/50 chance of winning. With my trading history, I find trading is more like a 70/30 chance. If you know what to look for then you have the advantage over all the other guys who don't. Where as gambling.... there's no advantage, only luck.
how about binary trading. i think you have chance 50/50 for winning. you cannot use your knowledge to binary with 1 minute time
Pure gambling. You are guessing as like you are betting.
Nope. Trading is trading, and gambling is gambling. With trading you can base your decision off the current trends, and information. But with gambling, it's pure luck. There is no guarantees with gambling, and you can lose all your money really quickly. However with trading it is easier to cashout, if you think the trend has now changed.
Trading is not gambling. There are a lot of differences. Trading is based on knowledge. But if you think about forex and other option exchanges yeah, we can count them as gambling. I don't consider normal Bitcoin trading as gambling.
Absolutely not, when you gamble you have a 50/50 chance of winning. With my trading history, I find trading is more like a 70/30 chance. If you know what to look for then you have the advantage over all the other guys who don't. Where as gambling.... there's no advantage, only luck.
If you really have a 70% win rate in trading then you are probably the best traders in the world. Don't think anyone can have a good win rate such as that, unless you are trading with small lots and got lucky.
I understand what you mean, but i guess what he wants to say are the odds are different.
Gambling 10/100, tradiing maybe 60 out of 100. Even higher when you tried legit coins like any top 10 altcoin on coinmarketcap.
Absolutely not, when you gamble you have a 50/50 chance of winning. With my trading history, I find trading is more like a 70/30 chance. If you know what to look for then you have the advantage over all the other guys who don't. Where as gambling.... there's no advantage, only luck.
If you really have a 70% win rate in trading then you are probably the best traders in the world. Don't think anyone can have a good win rate such as that, unless you are trading with small lots and got lucky.
Absolutely not, when you gamble you have a 50/50 chance of winning. With my trading history, I find trading is more like a 70/30 chance. If you know what to look for then you have the advantage over all the other guys who don't. Where as gambling.... there's no advantage, only luck.
When it comes down to it....almost everything we do in life is a gamble. We're gambling with the insurance companies when we pay our premiums, we're gambling with the education system when we pay our tuition, and we're gambling with our retirement fund when we pay into our 401K's. To get the most valuable information from a thread such as this, one would have to define the terms of the discussion.
What do we mean by "gambling?" Are we talking about pure games of chance, games of incomplete information, games of skill....etc...negative EV propositions, positive EV propostions....what are we considering?
What do we mean by "gambling?" Are we talking about pure games of chance, games of incomplete information, games of skill....etc...negative EV propositions, positive EV propostions....what are we considering?
in trading there are chart and analysis, if gambling it is based on pure luck
so i dont think its the same
Do you think that market charts are actually always correct? Don't we had major crises, economic recessions, major flops of known companies in the past?so i dont think its the same
And we had really unknown company from nowhere rise to power in short time. Some things cannot be predicted by reason.
To highlight the biggest bankruptcy of XXI century so far:
"Lehman Brothers:Date: Sept. 15, 2008: Assets: $691 billion: The 158-year-old investment bank made history as the biggest company to file for bankruptcy. Lehman failed to find a buyer in September 2008 after it lost $7 billion on failed bets on risky subprime mortgages during the previous two quarters. Stocks plunged around the world in the wake of Lehman's collapse as the U.S. devised plans to bail out its competitors."
http://www.thestreet.com/gallery/tsc-bankruptcy2-decade/20/photo-lehman-bankrutcy.html
well you can win and loose by trading,you don't always win there, so i guess it is considered as gambling, but personaly i think about trading like a job
Gambling is almost 100% similar to trading, you can never win or say get profit from trading unless you get lucky. But the only reason I see why trading is not same as gambling, because it requires little bit of skill and knowledge too.I can't agree with you. There are professional traders, that live with the profit they made from it. It just can't be just luck, otherwise how could they live from it? Being lucky can't be a profession, it makes no sense. It's not for all, and I'm not saying you don't need luck, but I can't agree that is a little of skill and most luck, it has to be the opposite, otherwise no one could live from it.
Ok so for most of you guys, trading is different because it's not based on pure luck.
But fact is it would mean that you consider poker as not being a gambling game? As it's not based on pure luck just as trading! ^^
But fact is it would mean that you consider poker as not being a gambling game? As it's not based on pure luck just as trading! ^^
in trading there are chart and analysis, if gambling it is based on pure luck
so i dont think its the same
Do you think that market charts are actually always correct? Don't we had major crises, economic recessions, major flops of known companies in the past?so i dont think its the same
And we had really unknown company from nowhere rise to power in short time. Some things cannot be predicted by reason.
Yeah but if you trade stocks of very big companies like Apple or Google, you'll earn peanuts because the growth will be increadibly low.
So low risk but insignificant profits
in trading there are chart and analysis, if gambling it is based on pure luck
so i dont think its the same
Do you think that market charts are actually always correct? Don't we had major crises, economic recessions, major flops of known companies in the past?so i dont think its the same
And we had really unknown company from nowhere rise to power in short time. Some things cannot be predicted by reason.
in trading there are chart and analysis, if gambling it is based on pure luck
so i dont think its the same
Do you think that market charts are actually always correct? Don't we had major crises, economic recessions, major flops of known companies in the past?so i dont think its the same
And we had really unknown company from nowhere rise to power in short time. Some things cannot be predicted by reason.
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