Topic: Do You Think Crypto Trading is Gambling? - page 6. (Read 849 times)

Life is gambling... taking risky action in the hope of a desired result. Every day we take risks to get the desired result, so the principle is the same, only the nuances are different (games, stakes, winnings, and losses). Sometimes we risk money to win/lose money, and sometimes we risk dignity to win/lose a job/girlfriend.


Many times we expected Real Madrid to win a game or score a lot of goals. So even with knowledge, patience, & experience, we make mistakes and wrong predictions in everything we do. So we can say that the luck factor is important in everything... as you said, not everyone can be on the same side, but we can also say that nobody has a 100% winning rate.

So when someone decides to risk some money on trading to get more money it's gambling. Knowledge, good analytical skills, and being well-informed about developments in the global crypto scene increase the chances of better results, but there is nothing that guarantees profit.

In general, trading can also be categorized as gambling, but in practice it is not. Even though there is speculation, in-depth analysis plays an important role, in real gambling we don't need this kind of thing. Nowadays, many people think that risk is synonymous with gambling, but in fact it is not. If all risks are synonymous with gambling, then our life is gambling, because we make many choices in life (which are risky).

Then, do i think trading = gambling? the answer is no.

Much probably, some shitcoins (or Just memecoins) have some inner mechanisms that are more similar to gambling then real trading for an asset.
Most people like this approach because potentially It gives the chance for better profit then classic market but meanwhile these huge returns are just a chance...a Little chance.
Please don't forget that most of these coins and market are heavily manipulated...

Basically anything that involves an uncertain outcome is gambling, but we can agree that the financial market is quite better than gambling if you understand risk management, in my opinion there are more successful crypto traders than successful gamblers, I'm not talking about People that hit a lottery with less than a dollar that's just based on pure luck.. crypto trading requires a very high amount of patience and skill set, you can't just be successful in it a day, taking your time to do proper research and strategize can put you on an advantageous side of the crypto market

Well if you look carefully you would see that most of my post always go directly mentioning that bitcoin would drop to unexpectedly reason being that, if following historical data you would see if the market sudden gain sharp ATH would break down to about 40- 50 percent decrease before creating another stable bull run where the market would sustain a certain price till almost that very year runs out. On other hands people where projecting that after this bull run that bitcoin gonna hit $100k, and yes even me too agreed to it because I know fully well that no one can be certain about the prices instead we all are doing a speculative investment because you can't really give exact value or figures to what bitcoin would be in the next or future years rather we are only optimistic that such price is possible to hit but no proof.

Conversely, gambling as the name may implies means a lots somethings trading or investment is worth more better compared to gambling. Why because we have various form of investment and trading, while gambling whatever game staked if you lose you entirely lost your staked amount but on investment if the price of bitcoin doesn't go according to how you predicted it you could likely wait for the price to soar back so you could make back your profits and have your cash out from it.

We have discussed this same topic in different ways on this same gambling board, and my own stand is that gambling and trading might have something in common, but they are totally different things.
 
Gambling doesn't give you room to recover your money like trading does when your portfolio reduces in value due to a price drop. In gambling, you need to put in back money in order to retry your luck and see if you can regain what you have lost in gambling.

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.

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?