Topic: Do You Think Crypto Trading is Gambling? - page 2. (Read 849 times)
I think every business is a gamble, you investing in Bitcoin hoping to get good return on investment is also a gamble because you actually do not know what the future holds for bitcoin but we would like to stay positive and hope it favours us(investors) that in it's own is a gamble, deciding to buy some shares in any company is a gamble, so yes trading is also gambling. You can have all the signals you want, be very experienced like an old tortoise you still gambling when you are trading.
As much as research and analysis can aid better decision-making, the crypto market's unpredictability is quite high. At times, no matter how prepared you are, or how well you plan, things may turn out not in your favor just like the results of a gamble. Therefore the skill and knowledge are important but luck also has a big role to play in crypto trading, that's what makes it have some similarities with gambling.
Though there may be an element of luck that cannot be ignored, I think there is difference between crypto trading and gambling. Because in crypto trading, the more one's decisions are informed by market analysis, knowledge of blockchain technology, and so forth, the higher the likelihood of success. Traders with experience tend to use proven strategies and diversify their portfolios to reduce risk.
Crypto trading is one thing but then it includes a lot of analysis and all that it's not as perfect because at the end you're still running a risk but its more feasible than in gambling where the odds of winning or losing are usually not in control or predictable in the same way -
Though there may be an element of luck that cannot be ignored, I think there is difference between crypto trading and gambling. Because in crypto trading, the more one's decisions are informed by market analysis, knowledge of blockchain technology, and so forth, the higher the likelihood of success. Traders with experience tend to use proven strategies and diversify their portfolios to reduce risk.
Crypto trading is one thing but then it includes a lot of analysis and all that it's not as perfect because at the end you're still running a risk but its more feasible than in gambling where the odds of winning or losing are usually not in control or predictable in the same way -
In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down 
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
Like sports betting, there are a tiny percentage of people out there who may have figured out how to beat the bookmakers, we're talking about the 0.001% of people - if we're being generous. Those people probably spent many years of research, learned how to dynamically read profitable plays and probably lost a lot of money while learning along the way. The same will be true for traders, there are some people genuinely making big money out there, some who will be scraping a few dollars and the majority who will be losing money. It's basically an extension of the forex market and if you go on any forex trading site the is worthwhile, it'll tell you straight up that that vast majority of people lose money while attempting it.
Crypto trading, especially futures trading, in some ways are even worse than gambling.
At least in gambling there's provable fairness and there's ways to calculate that the odds shown to you are statistically sound. Knowing that the outcomes are predetermined and won't depend on your bet amount actually makes gambling not prone to manipulation, at least so long as you're wise enough to pick fair games. With crypto, markets even as big as BTCUSD are prone to manipulation and certain exchanges and Tether are known to be opening up the door to manipulating prices so they can have more liquidations and this way enrich themselves by making customers rid of their money.
Same goes for shitcoin trading where the developer has a thousand ways to pull the rug anytime he wants.
So I'd just say if you don't know what you're doing stay away from trading crypto and especially with shitcoins and leveraged futures. They're even more deceptive than gambling promotions if you're a novice.
At least in gambling there's provable fairness and there's ways to calculate that the odds shown to you are statistically sound. Knowing that the outcomes are predetermined and won't depend on your bet amount actually makes gambling not prone to manipulation, at least so long as you're wise enough to pick fair games. With crypto, markets even as big as BTCUSD are prone to manipulation and certain exchanges and Tether are known to be opening up the door to manipulating prices so they can have more liquidations and this way enrich themselves by making customers rid of their money.
Same goes for shitcoin trading where the developer has a thousand ways to pull the rug anytime he wants.
So I'd just say if you don't know what you're doing stay away from trading crypto and especially with shitcoins and leveraged futures. They're even more deceptive than gambling promotions if you're a novice.
If we analyze gambling and crypto trading with a deeper view, we can see that gambling and trading are almost the same. We know crypto trading is risky because it is so volatile that at any time a trader can lose his wealth. Sometimes a trader gets overly greedy and invests in something that may later withdraw from the market or lose value due to scamming. We have seen many investors go nuts after the 2021 bull run in crypto. Those who invested in crypto. Especially those who invested in projects like FTX or Luna. The same is true in gambling where a gambler can lose his wealth and win there at any time. Considering these factors, if we compare crypto trading with gambling, there is no possibility of a big mistake.
Technical analysis is only a way to predict future moves by analysing past ones. You could as well said that since there were 5 rainy days in a row the next one will be a sunny one. Maybe yes, maybe not. All that it proves is that the chances of a sunny day are higher than chances of a rainy one. You can bet on it if you feel like it. That's what trading really is. You compare your chances and choose the outcome that's more probable. The way I see it, there's crypto and there's bitcoin. Buying a dogecoin is gambling, but buying bitcoin is not.
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In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
On those case we have to say that everything what is happening right now in our world is depend on luck, Like now I am saying that I will definitely go my office tomorrow now do I really can reach my office tomorrow, because if in the road I can faced any issues that can stopped me to going office. So will you see it also as a gambling? Because it depends also on luck.As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
So Trading and Gambling ain't same bro. They are completely different but it is true that if a person doesn't know anything about the analysis and he goes for investment in trading then that might be gamble. But in reality you need to knowledge for doing trading not only luck
In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
Basically, trading the financial market with a proper skill set and risk management isn't really gambling, this puts you on a little edge over the market. People who gamble can only gamble responsibly to reduce losses but the outcomes are totally unpredictable especially casinos games, there's absolutely nothing to be studied there. Sports betting on the other hand is quite better but still has a lot of uncertainty
Crypto trading to me can't be classified as gambling, there's a big difference between them
In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
This topic has often turned out to be a long debate. Gambling and Trading do have some similarities but in trading there is some psychology and analysis involved.
If people are skilled enough then they can make their prediction stronger which leads them to win more number of times.
I would say this is the major difference between them.
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But as most people say some traders keep losing or lazy to learn that trading is gambling.But there are always difference of it, profitable traders are not gamblers, they don't just randomly press buy and sell button, there is always analysis and reasons why they buy and sell specific trading pair.
In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
This topic has often turned out to be a long debate. Gambling and Trading do have some similarities but in trading there is some psychology and analysis involved.
If people are skilled enough then they can make their prediction stronger which leads them to win more number of times.
I would say this is the major difference between them.
...//:;
+1That's the point, you don't have to compare in any sense, there is a tedious tendency to do so, but it is more due to the tricks of losers in trading, who use the comparative.
What can be said, and applies to any other activity, is that if you are successful in gambling and particularly in strategy games, you can apply those skills in trading and vice versa.
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
Everyone has their opinion so I respecting what you're thought about the volatility of trading but it was established that trading and gambling are two different thing. Trading will only become a gambling thing when the trader itself has no prior knowledge about trading and the thing that he is trading.
But in normal occasions, traders have knowledge about his trading activity and use tools and insights on how he will do his trading activities. The presence of risk management, data or information of the market trend is one factor that deviates trading from gambling. Since trading is known as based on analysis and trader has more control over their decision since they can set-up their trading options and can cancel their trading demand after it was initiated unlike gambling where a gambler can't control anything after they press spin.
@OP I think you need to carefully read this article: https://www.investing.com/news/cryptocurrency-news/trading-vs-gambling-same-psychology-different-outcomes-2548880 to check the difference of gambling and trading, and when trading become gambling.
In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
I don't think crypto trading is gambling because in gambling you tend to stake with money and when you loose you can't recover it again and you may still want to do so till luck finds you one-day and then you win but for Crypto trading it's entirely different.
In crypto trading it's more of speculation like you said, whereas you know the market strength and Challenges,you strategies on how to make positive results and watch your Money grow,but most times it's not favourable cause of rise and fall but you still have to keep heads up and mind you when doing so you can as well make losses and gains but a good tendency you can always revovet your losses unlike gambling.
Well, yea, they both have the similarity of speculation but trading have some tool that a trader can use to identify the market trend and know the direction of the market before they can enter the position, trading is not majorly dependent on luck but it requires a good skill but gambling requires luck.
can be said the same but not similar. the simple difference is a beginner gambler can easily play bets and win the game with luck. unlike beginner traders there is no luck to get profit in trading they must prioritize the approach, and skills other things beginner traders need a long process to continue to get profit. hero member
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Well, yea, they both have the similarity of speculation but trading have some tool that a trader can use to identify the market trend and know the direction of the market before they can enter the position, trading is not majorly dependent on luck but it requires a good skill but gambling requires luck.
In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and assumptions. If you are lucky, you may double your portfolio; if you are not, you may lose your money. Basically, you are trying to predict what might happen in the future. Any trading is basically a bet on whether the crypto will go up or down
As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
In allt his which you have said so far I still don't agree with you that trading is the same as gambling, you can never make such comparison between both and fund a leveling ground even with all the similarities you may spot, there's also a lot that puts them apart that you only get to see and understand fully if you are careful to observing and seeing them all but in the surface, they share so much of similarities you may like them to be the same.As a crypto trader with years of experience, I always do deep research based on news, indicators and technical analysis. However, even after studying possible scenarios, the market sometimes moves in the opposite direction
Let’s take the example of the recent Bitcoin drop, (almost) no one expected it, even the big channels… A small correction was expected. Well, some sudden political and economic news was the reason for all of that and crushed the traders’ morale that day… (Thank God the market is recovering now)So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right?
With gambling you cannot get a professional career, you aswell don't have your risk defined all the time and there's never a time you get to a point of certainty gambling but somehow with trading you can be lucky to get some of this at professional level of trading.
- There are others who think that trading and gambling are the same in their thoughts and views. Maybe for me, they are just the same in that there is a risk and they are just doing the same, that should we use any capital in both of them, we are willing to lose it or lose.
But they are not the same because they have different concepts. Gambling is its concept; it has a house edge called; winning in gambling really depends on luck, while trading does not have a house edge and the profit does not depend on luck; instead, it is based on market analysis using indicators and technical analysis, which is the opposite of gambling, which does not have it.
Such comparisons are not new topics. But the answers will still be the same. Gambling always implies luck first and foremost. A beginner who has not heard of gambling just yesterday can win a large sum. But is such luck possible in trading? Where it is necessary to have a strategy, it is unlikely to be successful without knowledge.
A very valid point, crypto trading doesn't really deal with luck because a person that doesn't even know what gambling is all about can just make random selections and probably hit the jackpot but you can't put trading in that category, someone who doesn't know how to trade will be totally lost and won't know their way around the market.. crypto trading is a school on it's own, you need to have the knowledge and skill in order to be successful in it
This kind of context is actually quite widely discussed and has been topic of discussion here several times, but we do see quite lot of different perceptions from each person.
I personally do not consider crypto trading as form of similarity to gambling because in crypto trading it is the same as investing but in the short term and of course the rise and fall of prices is not influenced by one party only like gambling where the advantage is only owned by the dealer.
Crypto trading will be the same as trading goods in the real world where we buy assets at low price and sell them at higher price to get some profit.
Unpredictable volatility is natural thing in the cryptocurrency industry because if there is no volatility, crypto will not run well and of course no one will want to trade or invest.
It can be concluded that the way the cryptocurrency industry works is very different from gambling so this can never be equated.
I personally do not consider crypto trading as form of similarity to gambling because in crypto trading it is the same as investing but in the short term and of course the rise and fall of prices is not influenced by one party only like gambling where the advantage is only owned by the dealer.
Crypto trading will be the same as trading goods in the real world where we buy assets at low price and sell them at higher price to get some profit.
Unpredictable volatility is natural thing in the cryptocurrency industry because if there is no volatility, crypto will not run well and of course no one will want to trade or invest.
It can be concluded that the way the cryptocurrency industry works is very different from gambling so this can never be equated.
Crypto trading and gambling are often thought of as one and we confuse the two but trading and gambling are two different things. Profit or loss in business depends on the skill and decision making of the trader but in gambling one has to trust his luck more than his skill or experience. While gambling there is an expectation that we will win but not always win many times it is seen that many things happen beyond the expectation. Gambling with a fixed amount of money can increase in a moment and you can lose money in a moment but this is not the case in business.
In business, there may be temporary profit or loss, but if you wait patiently, your business will be in a good position.
In business, there may be temporary profit or loss, but if you wait patiently, your business will be in a good position.
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