Pages:
Author

Topic: Do You Think Crypto Trading is Gambling? - page 3. (Read 849 times)

legendary
Activity: 2534
Merit: 1397
August 08, 2024, 07:50:23 PM
#68
If you look up their meanings in the dictionary, they are different, but they do share some similarities. One similarity is that both are risky. In gambling, they say the house always wins. You don't need a ton of knowledge; you only need an insane amount of luck. However, in trading, you can't succeed in a short period of time. Trading is not for lazy people since you need to study carefully, or you will burn your investment.
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.
legendary
Activity: 2058
Merit: 1015
August 08, 2024, 07:12:34 PM
#67
If you look up their meanings in the dictionary, they are different, but they do share some similarities. One similarity is that both are risky. In gambling, they say the house always wins. You don't need a ton of knowledge; you only need an insane amount of luck. However, in trading, you can't succeed in a short period of time. Trading is not for lazy people since you need to study carefully, or you will burn your investment.
legendary
Activity: 1162
Merit: 2025
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 06:51:19 PM
#66
It is only gambling if one is messing around with  future contracts and using unreasonable leverage for the sake of bigger returns. On the other hand, there are people who use exchanges in a more moderate way to predict the patterns of the market and take smaller profits without having to compromise their whole budget in a very slim period of time.
For example, of I notice there is a strong tendency for the price of Bitcoin to increase and the chances of it to continue to do so is high, then I buy in and wait for the price to continue to go up before selling (that would be after doing some analysis on the price graph), it would be different if I stepped into the future market and picked up the first shitcoin I saw and  got all in using an exaggerate leverage, that would be gambling .
sr. member
Activity: 546
Merit: 268
August 08, 2024, 06:46:32 PM
#65
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right? Huh
I can't directly compare crypto trading to gambling as you will see multiple differences. Especially if you consider gambling then you have two possibilities one is profit and other is loss. But the type of loss is different especially if your capital is lost then your balance will be zero forever and you will never get back your invested capital.

But in case of crypto trading you will have two possibilities like gambling one is profit and other is loss.  In this case if you have faced loss then if you keep your investment then at some point in market correction you will have the possibility to get back this lost capital whereas in case of gambling you will never get back. So basically gambling and crypto trading can never be the same thing.
Your comments is also not unreasonable but if you compare the topic in crypto currency you will definitely find many similarities. Assuming you lost the bet forever and you are unlikely to ever recover your bet loss. But if you invest in a scam punzi project and it disappears from the market forever, you will never get back the same as gambling.  So in this case gambling and trading become the same thing and there is no guarantee of loss recovery in both cases.
full member
Activity: 462
Merit: 205
Duelbits.com
August 08, 2024, 06:39:19 PM
#64
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 Wink
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 Grin 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? Huh
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.

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.
LDL
hero member
Activity: 742
Merit: 671
August 08, 2024, 05:59:38 PM
#63
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right? Huh
I can't directly compare crypto trading to gambling as you will see multiple differences. Especially if you consider gambling then you have two possibilities one is profit and other is loss. But the type of loss is different especially if your capital is lost then your balance will be zero forever and you will never get back your invested capital.

But in case of crypto trading you will have two possibilities like gambling one is profit and other is loss.  In this case if you have faced loss then if you keep your investment then at some point in market correction you will have the possibility to get back this lost capital whereas in case of gambling you will never get back. So basically gambling and crypto trading can never be the same thing.
hero member
Activity: 1106
Merit: 526
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 05:54:24 PM
#62
You thought some people do not expected the crash? I expected it. I was also expecting bitcoin not to move above $60000 for now. You are right that the expectation can be wrong at time but everyone can not be on the same side.

Trading is not gambling but most traders are trading in a way it is gambling for them and that is why they are losing. Trading is as risky as gambling if you do not understand how it works.

Gambling is based on luck. Trading is based in knowledge, patience and experience.
I expected the price of bitcoin to noise dive backwards as it did, but I know bitcoin won't remain down for long and if you see what bitcoin have done with it recovery move you expectations are already beaten at this point and this to show you have unpredictable bitcoin can be just like your expectations have failed you this time because you don't expect bitcoin to recover any where around 60k but at the moment bitcoin is seating around 61k+ already which is way above you speculations and at this moment we are going to see bitcoin reaching somewhere around 65k-70k before anything can happen again.

I don't know what cause the recent bitcoin price crash, but what I know is that, the way the price of bitcoin dropped so sharply it the same way the price will recover back and seat above it previous level before the price crash.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
August 08, 2024, 05:52:22 PM
#61
You could say that some of its nature could be attributed to gambling and betting, but in a general sense of the concept crypto trading, or trading in general, isn’t something you could loop gambling in with. For one, their intents and means of acquiring their intents. While you could say both are predominantly chance-based, there are strategies and techniques, as well as learnable behaviors that you could perform to increase your chances of landing a profit in trading. You could do the same thing with gambling but it’s not gonna work.

There’s also the intent and nature of acquisition of profits. Trading is made to provide people with profits as incentive for accurately predicting the flow of the market. Gambling incentivizes playing more and even then the prospect of profit isn’t necessarily guaranteed.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 05:43:09 PM
#60
Volatility is what makes trading more exciting and at the same time threatening. However, if you are not used to it and you push trading in such a volatile market, the result will probably come out like gambling. Don't trade if you think there is higher probability to lose than to win, but trade only when you know you are quite sure that the market will end up favoring your trade.

Everything will seem like gambling even life itself if you don't know how to navigate it. But if you are completely aware on the risks and how to overcome nor avoid it, you are definitely not gambling at all.
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 05:32:38 PM
#59
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 Wink
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 Grin 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? Huh

In gambling, you only have two options: win or lose everything. You don't have the option of placing a stop-loss in gambling, nor do you have the option of losing partially in gambling. When you place $100 on a bet, you just have to wait for the win or the loss of the entire $100. While in the case of trading, when you take $100 and buy bitcoin, for example, if the price of bitcoin falls, you will still have part of your money if you sell the bitcoin. You can keep $90 or you can hold until the price of bitcoin goes up again and you can make a profit. You also have the option of placing a stop-loss if your $100 is on an exchange. Just from these few points that I have already mentioned, you will realize that the difference between trading and gambling is very big.
hero member
Activity: 546
Merit: 516
August 08, 2024, 02:59:39 PM
#58
You already called it by their names that is different and so are their rules. If you are speaking on the aspect of risk, then both have something in common but the variations are much. Trading just fall into one aspect of gambling which is the skill base and not the luck part and if a trader rely solely on luck like we have in most casino games, it will not take time before he will become bankrupt. One of the core lesson of a trader is never to treat trading like gambling rather there should be strict personal rules that must be followed as that is how to succeed in trading. Therefore, gambling and trading are not the same because they have different approach and requirements.
hero member
Activity: 1666
Merit: 723
Enjoy 500% bonus + 70 FS
August 08, 2024, 02:40:01 PM
#57
I don't know why people like to compare gambling and the threading these two things are different things so I don't know why most times will continue to discuss on one particular issue and many people have already make their opinion previously in such a discussion so it is good as a beginner when you come into a community that you don't know the rules and regulation you have to  wait and understand  the community, make a use of a search button to cross check if the topic or thread you want to establish has already be enshrined.
full member
Activity: 364
Merit: 158
August 08, 2024, 02:34:58 PM
#56
The reason why people consider gambling and trading to b similar is because both requires risking our money with the hope of getting profitable outcomes in a situation where the outcomes in uncertain and can be influenced by some other things that is beyond any persons control. Trading is influenced by market structure and regulation and gambling is influenced by players and other regulated bodies to like the casino.

Also, a lot of people see trading and gambling as means to get rich quickly which leads to most persons becoming addicted and making bad decisions. The last similarity is that you can win huge and lose huge in trading and gambling. So I won't judge anyone who feels that they are both the same because they share a lot in common.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 08, 2024, 01:52:40 PM
#55
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 Wink
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 Grin 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? Huh
Depending on the circumstances you could be right or completely wrong, it seems to me there are many traders out there that do not really know what they are doing, so when it comes to those traders you are right, however there is a small number of traders that have studied the markets for years and their skill level is incredibly high, so when it comes to those particular traders, there is little doubt that you are wrong and luck has nothing to do with their good results.
sr. member
Activity: 812
Merit: 436
August 08, 2024, 01:29:54 PM
#54
This have been long time discussed already that cryptocurrency trading is not gambling, when we are trading, we are not gambling, because trading is an investment, its more better to clarify well that cryptocurrency trading is an investment and gambling is not an investment and there is nothing that relates the two with similarities of being the same, if some are seeing it that way, it doesn't have to be always right approach they are taking, gambling is all about fun while trading an investment.
hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
August 08, 2024, 12:49:16 PM
#53
If someone is "gambling" in their trading, then it is not trading, but gambling as you said. Because basically what distinguishes gambling from trading is that when someone gambles, they tend to rely on their luck and usually it is done in a short time. While for trading, someone will use various instruments, strategies, and news, and then analyze them and use them to make a profit in the market.
So back to your topic, is crypto trading gambling? it depends on the person, whether he really has the mindset of a trader who uses strategy and analysis, or a gambler who only relies on luck. And also not all crypto is based on speculation, in memecoins it may be the case, but in popular crypto it may not be.
Reading your submission in regards to the subject matter, I can't agree more than you've pointed out. There are traders who are solely concerned in analyzing the crypto market compare them with the results of the past and strategically trade their cryptos and there's no way you should refer to such kind of traders as "gamblers". Also there are crypto traders that gambles in their trade and leaves their fate to luck of which they sometimes close their trade with profits and the other times, they lose, they're are the gamblers in crypto trading. So crypto trader can be gambling with his trade but that's not applicable to all crypto traders.
hero member
Activity: 2226
Merit: 610
August 08, 2024, 12:45:35 PM
#52
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 Wink
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 Grin 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? Huh
If you equate gambling with crypto trading based on assumptions or speculation, of course, such an attitude is the same as gambling, such as whether you will be successful or not in the future if you don't do anything today, of course it is also your gambling with your own future because it is speculative and everything in this world you can gamble without exception.

It can be said to be gambling or not depending on how you trade, this will determine the direction of your mindset and direction of your actions in trading, if you have good trading fundamentals and you can almost get a bright spot in determining the target price on a chart of course it's not gambling in my opinion, especially if you know the project that is being developed by the crypto itself so that you are brave in making purchases, if it's futures trading or futures in my opinion it's exactly the same as gambling.
hero member
Activity: 3038
Merit: 634
August 08, 2024, 12:36:40 PM
#51
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 Wink
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 Grin 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? Huh
Everyone will tell you that trading requires analysis and so as gambling but specifically with sports betting. So, you can do both analyses if you want to have a bigger chance of winning.

It's true that trading is also a form of gambling but there will be traders or investors that will tell you that they're not gambling at all and they have different values.

You'll hit their egos because that's what they think but as we all know, someone's profit and winnings are others losses.
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
August 08, 2024, 12:26:00 PM
#50
Do You Think Crypto Trading is Gambling? well the big answer is now and all of it depends with what kinda trade are you doing I mean what the type of trade are you blindly trade or anything etc.
In my opinion if you trade like spot trading with basic knowledge then I don't categorize Trading is gambling, but if you trade with futures max leverage and blindly trade then I would consider that as gambling.

But I would consider all futures trade are gambling hahahah but with better chance than gambling like slot since trading can be predicted tho is not always 100% accurate
hero member
Activity: 2926
Merit: 567
August 08, 2024, 11:22:58 AM
#49
In my opinion, the main similarity between gambling and crypto trading is that both involve speculation and
So, I personally think that this volatility makes crypto trading more like gambling where luck plays a key role, right? Huh

To some extent, it is gambling, but gambling is riskier because you get up or log out and you lose everything you deposit. Compared to trading, you are not likely to lose everything; you can even minimize your losses if you play it right. The volatility of the market makes it a high-risk venture like gambling, but not so much like the risks in gambling.
Traders can make money from gambling but you cannot say that to gambling where you have to totally rely on luck to make money.
Pages:
Jump to: