Do you consider trading as gambling? - page 96.

naidray

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Quote from: Slark on February 28, 2016, 12:17:49 PM

Quote from: xuan87 on February 28, 2016, 08:39:22 AM

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?
And we had really unknown company from nowhere rise to power in short time. Some things cannot be predicted by reason.

Not always market charts are correct but they can be used as a reference while ultimately it is our choice to trust them or use our own strategy same as gambling. But many time I also end up fining many similarities between gambling and trading.

cluit

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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.

WhatTheGox

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Quote from: Betwrong on February 28, 2016, 04:10:56 AM

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?

Yep, trading resembles gambling a lot: if you hit the MAX button you might lose big, only in gambling you might lose all you have and with trading you lose only part of what you had, you can't lose all at once. So trading is a bit safer IMO, but you should always remember that like in gambling the worst your enemy is a "strategy" which you think is unbeatable.

You can lose everything in trading, what if you went all in on LTC and it dies next day, you have zero. The difference is in real gambling against the house there is no way to find +ev bets unlike, poker, sports, trading etc.

CasioK

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Quote from: Slark on February 27, 2016, 12:00:28 PM

Quote from: ?? on ??

No, for simple reason that with trading you don't depend on luck as much as you do with gambling.

Investing is the form of gambling (and it is proven that trading or investing can be addiction in the same way gambling could be).
Financial markets can be capricious and unstable to the point you have no idea if odds are against or with you.
The only fact that differentiate gambling and investing is that if you are fast enough you can recover part of your bankroll while investing.

See everything that makes you feel addicted cannot be considered as gambling but still I feel you are right because with trading there is equal risk of loosing and if you call it 100% skill based then you are wrong.

BitMaxz

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Quote from: FrueGreads on February 28, 2016, 02:01:46 PM

I thin it's pretty much the same. You can't be sure when you are trading, the same way you can't be sure of the outcome when you are gambling. They both involve risk and money, so I think they are both gambling.
The main difference I think, is that people that trade, are usually more disciplined since they want to avoid risk and maximize profit. In pure gambling I think it's easier to find people that just want the thrill of risking something.

They are difference and trading is not a gambling, yeah they are the same risky but i think they are not the same profit that you can get in trading than gambling.. If you say trading i think its the same as exchange so you are just exchange your bitcoin into other currency and wait for the price increase.
About gambling you can only get profit if you play it in dice or any gambling site. you can only gain profit if you win.. and if you lose in gambling there's no return unlock in trading that if you see in the market that the price is decrease you can sell altcoin instantly so that you can only get low risk.. but big return..

dipkiss

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If we talking about binary trading,then its 100% same as like gambling.but in some case all types of trading are not same as gambling

Zaun

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Quote from: LiberOptions on February 28, 2016, 01:22:25 PM

trading is sort of like gambling. However, with trading you can have more control over your investment.

Well investing and trading are very different. But i agree that trading has a lot of gambling aspects.
Being the hope for an asset to rise on the short term. My thing about this is that trading is different however.

FrueGreads

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I thin it's pretty much the same. You can't be sure when you are trading, the same way you can't be sure of the outcome when you are gambling. They both involve risk and money, so I think they are both gambling.
The main difference I think, is that people that trade, are usually more disciplined since they want to avoid risk and maximize profit. In pure gambling I think it's easier to find people that just want the thrill of risking something.

Whosdaddy

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Quote from: LiberOptions on February 28, 2016, 01:22:25 PM

trading is sort of like gambling. However, with trading you can have more control over your investment.

Trading involves equal risk as gambling, so why not consider it as gambling ? I 100% consider it as gambling, moreover I think trading can result in wins and losses so yeah its almost 100% like gambling. I still prefer trading though over gambling.

LiberOptions

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trading is sort of like gambling. However, with trading you can have more control over your investment.

phibay

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i am into trading actually but i am starting to learn , especially altcoins like VAL and i think i will consider it as gambling bcuz there is risk involved and getting profit is not sure bcuz price is unpredictable,

erikalui

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I don't consider trading similar to gambling though both have a risk involved. In gambling, you either lose the entire amount you bet else you win profit which doesn't happen in trading. I do feel that profit earned by trading is comparatively less than gambling as you can't win jackpots but for me trading is worth more even if I earn very less profit. I still can withdraw the money after trading it.

Slark

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Quote from: xuan87 on February 28, 2016, 08:39:22 AM

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?
And we had really unknown company from nowhere rise to power in short time. Some things cannot be predicted by reason.

btc-facebook

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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

kolesozw

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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?

Yes I do, including investing and lending. And to trading, there are no guarantees and there is always risk, therefore it was gambling. But I think for some professional and skilled traders, they consider it as a source of income

actmyname

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Quote from: Pattart on February 28, 2016, 09:42:00 AM

Quote from: xuan87 on February 28, 2016, 08:39:22 AM

in trading there are chart and analysis, if gambling it is based on pure luck

so i dont think its the same

yeah agree. you must see the history price, condition now, volume, etc
different with gambling you can play all the time

But at the end of it, you're still risking money, aren't you? That's taking a gamble.

gam·ble
ˈɡambəl/
verb
gerund or present participle: gambling
1. play games of chance for money; bet.
2. take risky action in the hope of a desired result.

You're taking a risk in trading, in hopes that you'll end up with a profit. That's risking money, which is... gambling. Sure, you've got analysis and strategies, but that's still gambling; take a look at people who have "gambling strategies" as well. They're not guaranteed to profit, but they offer some insight.

pinoycash

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Trading is the same as gambling, You gamble your principal money to try to earn some good profit. since it has a risk and chance of losing..its the same as gambling

Erza

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Quote from: xuan87 on February 28, 2016, 08:39:22 AM

in trading there are chart and analysis, if gambling it is based on pure luck

so i dont think its the same

Although there are chart but you really can't analyze the price because there is no some basic with it so the price is volatile and you can't really know when the price will rise or not. All of it is just based on speculation. So I think trading is just gambling with a different method so it is just the same

Pattart

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Quote from: xuan87 on February 28, 2016, 08:39:22 AM

in trading there are chart and analysis, if gambling it is based on pure luck

so i dont think its the same

yeah agree. you must see the history price, condition now, volume, etc
different with gambling you can play all the time

Xsinx

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Its a legit gambling since the outcome is dependent on trading skills. and you can lose your money instantly and earn good instantly

Topic: Do you consider trading as gambling? - page 96. (Read 47337 times)