Gambling is like day trading ? | Bitcointalksearch.org

Bezobraznike

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Quote from: kawetsriyanto on June 04, 2020, 06:14:20 PM

Quote from: hahay on June 04, 2020, 12:42:16 PM

~ on the other hand there is indeed a similarity about a risk, but if we can do it with full calculation then I think trading and gambling will be fine to do.

Surely, both trading and gambling have risks, even how much the percentage or level of the risks can be a bit different. In this matter, I agree that they have similarities. Although trading may have a lower risk, it can be as risky as gambling when you trade without sufficient knowledge. Well, it depends on the individual and the way he makes it. Anyway, what do you mean by saying "full calculation" on your statement above? Are you trying to say "deep analysis"?

Where money is involved there are risks. In gambling and trading we risk what we have to gain more, and
some people are successful in that, some are not, it's on each of us to try and to check how it works.
Kawetsriyanto I agree with you that everything is on the individual level, for some gambling is better, for
others trading, both have risks, but who don't risk can't make profit.

Triffin

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Quote from: dentolas on June 04, 2020, 04:18:08 PM

I do agree that day trading is a lot like gambling... although traders seem to have more tools and theory, the market is so small and so prune to control by a few whales that it turns to be a lot like gambling, a matter of being lucky when your move fits the whale interests... although it is not always like this and there are a few that can actually get something from all those chart theories...

Gambling and trading are not same, because in gambling you take risk and you win as there is s much part of luck in getting succeed but in trading the only thing that can make profit only by having knowledge about trading without knowledge you can never get profit at single try of trading but in gambling if you are lucky you can win at first try as well.

kawetsriyanto

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Quote from: hahay on June 04, 2020, 12:42:16 PM

~ on the other hand there is indeed a similarity about a risk, but if we can do it with full calculation then I think trading and gambling will be fine to do.

Surely, both trading and gambling have risks, even how much the percentage or level of the risks can be a bit different. In this matter, I agree that they have similarities. Although trading may have a lower risk, it can be as risky as gambling when you trade without sufficient knowledge. Well, it depends on the individual and the way he makes it. Anyway, what do you mean by saying "full calculation" on your statement above? Are you trying to say "deep analysis"?

Shasha80

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I do not agree that gambling is the same as day trading, because for me gambling is only as entertainment. While day trading it is done
to be able to generate profits, and with day trading can get income every day. Then you call day trading like playing with wild fire, whereas
if we have good market analysis skills and always use stop-loss. Day trading is quite safe to do. In my opinion, very few number of gamblers
can profit every day, while quite a lot traders who can profit every day.

bitcoinst

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Personally, I see a very clear similarity between these two classes.

Those who are engaged in gambling should know how probabilities work and be able to mathematically calculate the likely outcome of events,
while day trading also represents work with probabilities, but there are more things that affect this or that outcome.

In addition, in trading there are elements that affect the outcome that cannot be calculated or taken into account.
Trading is much more difficult due to its unlimited potential outcomes. After all, anything can affect the market, while cards are pure mathematics.

dentolas

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I do agree that day trading is a lot like gambling... although traders seem to have more tools and theory, the market is so small and so prune to control by a few whales that it turns to be a lot like gambling, a matter of being lucky when your move fits the whale interests... although it is not always like this and there are a few that can actually get something from all those chart theories...

deisik

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Quote from: philanthropist67 on March 16, 2020, 05:28:18 AM

We know that day trading or short time trading is like playing with wild fire, not may can handle it. That's y most player's end up in loss and very few are successful day traders.
Is that hold true for gambling also?

I'm not sure I see your point

Typically, short-term trading is compared to gambling, but a reverse comparison doesn't make much sense. It goes without saying that the longer you gamble the more effect the house edge has until luck becomes completely irrelevant (read, you are set to lose). There are loopholes that allow you to stay in profit overall when gambling and being a blind contrarian won't change the fact. But with short-term trading there are many more such "loopholes", so trading should be preferred over gambling, all other things considered and equal (read, you know how to trade)

bearexin

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You can profit while day trading. Definitely the risks are similar when you are talking about these two, but trading doesn't have mathematically impossibility of profit. When you are gambling (well on places with house edge) you are going to lose 100% of the time, even if you think you win, you will lose that profit later on.

Trading on the other hand is something you could learn and get better and if you are patient enough all trades are profitable trades. Let's say you bought a coin and it dropped 95%, there is still a chance it could go up in a decade if you are willing to wait that long, I wouldn't be but you would be able to.

So long story short, trading is not like gambling, if you want to pick one of these, I would suggest picking trading because that way you could profit a lot easier.

hahay

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Quote from: boltz on June 04, 2020, 12:15:05 PM

They have some similar facts but gambling is way more fun than trading. Also to become a trader you need to learn a lot but when you gamble you're already fan of one sport so you know the teams , players , coaches, weakness and strengths so betting will be easier and funnier for you. There are also a lot of sports when you can choose from but in trading even if you have a lot of option ...most of them are the same and offer the same results.

I think, when they have skills in trading and also gambling then they will still be able to make the fun there and somehow, but the main thing is about making a profit which will certainly make them keep doing it whether it's trading and also gambling with a fun to each of them. For me personally trading and gambling are indeed different, but on the other hand there is indeed a similarity about a risk, but if we can do it with full calculation then I think trading and gambling will be fine to do.

boltz

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They have some similar facts but gambling is way more fun than trading. Also to become a trader you need to learn a lot but when you gamble you're already fan of one sport so you know the teams , players , coaches, weakness and strengths so betting will be easier and funnier for you. There are also a lot of sports when you can choose from but in trading even if you have a lot of option ...most of them are the same and offer the same results.

batang_bitcoin

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Quote from: kizlod on June 03, 2020, 05:04:18 AM

these are similar things... i have experience in both... and both make you lose your money

They have a lot of similarities but it doesn't mean that they're the same. Yes, it's a fact that you can lose your money for both things but it's differ with many things too. You can reiterate the comments about gambling is being made for fun and in trading, you can't do it for fun.
In trading, it's seriously making money and you can't force yourself to do YOLO because in split seconds you can lose everything you have due to market's volatility.

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Quote from: turkandjaydee on June 03, 2020, 07:02:49 AM

Quote from: ethereumhunter on June 03, 2020, 03:08:34 AM

Yes, we still need our lucky, which can support us to win the games. So we can see that both trading and gambling will need the luck to make money, but the chance to lose will be bigger in gambling than in trading.

How do you know that you will have a bigger chance to lose money in betting than in trading?

For me, trading and betting are the same types of work. You need analysis, money/risk management on both.

In trading, your profit will depend on the performance of the company or the currency owner. And in betting, your profit will depend on the performance of the team you bet on.

You can try by yourself Wink

I don't think that is the same types of work. I prefer to do trading, but maybe you prefer sports betting, and that is no problem Wink

When you lose in the sports betting, the money will lose, and you will need to search the other games and make another analysis, money/risk management on both while you still don't know when your luck will come.

In trading, if you lose and you still hold the coin, you will have a chance to see the price will increase in the future. As long as you can hold the potential coin, you can recover your losses.

And if you can search for the other coins which have the potential to make a profit for you. If you have good skills, it is not difficult to find that coins as we know that in the market will have so many potential coins which can increase anytime.

Lachrymose

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People always look for various ways to get rid of the stress of daily life. There are many ways to relax, and it depends on whether the person has a risk-taking characteristic. Day trading is a cousin to both investing and gambling and gambling often depends only on how lucky you are. So even though I always do my cryptocurrency trades on a long-term basis, I gamble not just to make money but to have fun. Also, gambling addiction has a lot to do with a person's character. If the person was not sufficiently resistant to addictions, he could have been addicted to something else rather than gambling. Btw, I know people who have gambled and made a lot of money, but some people have lost so much. Regardless, you should enjoy doing something, whether you win or lose.

Janation

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I do n’t think so. Many people gamble to enjoy excitement and fun, but they have to be cautious about trading Roll Eyes

But people should be more cautious about gambling.

Trading would give you losses but that is just the percentage of the money you will lose but not all of them unlike in gambling. There are a lot of people having a problem with a gambling addiction but I don't think we have a problem with trading, right?

kawetsriyanto

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Many people gamble to enjoy excitement and fun, but they have to be cautious about trading Roll Eyes

Indeed. We can expect to get entertainment or fun through gambling games, but it is likely not to happen in trading. In my view, trading is a more serious activity, while gambling is created with features for entertainment. It is a fundamental difference between gambling and trading, so in my opinion those are clearly not the same.

iamsheikhadil

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Quote from: FontSeli on March 16, 2020, 06:41:33 PM

Quote from: philanthropist67 on March 16, 2020, 05:28:18 AM

We know that day trading or short time trading is like playing with wild fire, not may can handle it. That's y most player's end up in loss and very few are successful day traders.
Is that hold true for gambling also?
There are posts here that gambling is addiction and how to get rid of.
Are there gamblers here who are in profit overall?

They have many similarities. Both in day trading and in gambling, people are guided by excitement, the desire to earn money. And there and there very much depends not only on knowledge and experience but also on luck. This is what makes them very similar.

While they are similar the difference is also huge. In gambling the situation is uniform and same all time so basically you will get hooked if you win big once, you will think you are gonna win all the time! But in trading , the markets vary all the time, it's harder to get hooked into as a bullish market can soon become bearish

turkandjaydee

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Quote from: ethereumhunter on June 03, 2020, 03:08:34 AM

Yes, we still need our lucky, which can support us to win the games. So we can see that both trading and gambling will need the luck to make money, but the chance to lose will be bigger in gambling than in trading.

How do you know that you will have a bigger chance to lose money in betting than in trading?

For me, trading and betting are the same types of work. You need analysis, money/risk management on both.

In trading, your profit will depend on the performance of the company or the currency owner. And in betting, your profit will depend on the performance of the team you bet on.

Mauser

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Quote from: iTradeChips on June 03, 2020, 02:06:30 AM

I don't think that gambling is similar to day trading. One obvious reason as far as I am concerned is that day traders do lots and lots of analyzing and observations for them to be able to make good decisions in increasing their investments. Most often than not they do calculations, research the asset that they invest on and then make rational decisions.

Gambling as far as my experience is concerned does not really need skill 100% of the time, maybe except Poker as this is also a game where many things can happen and it depends on skill and luck to win and sometimes strategy. But for most other games, it is really mostly luck that gets into play.

I agree, gambling is mostly based on luck whereas in trading you should rely more on you valuation skills. It will be hard to find a gambling strategy that is continiously making you money - which would mean the casino is losing. Eventually the casino would fix any flaws in their games or go bust.

In trading you view your asset based on on your own analysis and valuations, if the market price is above your predictions, you have the option to short the stock. In gambling you can only stop playing, but to take the other side you would have to run your own casino.

kizlod

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these are similar things... i have experience in both... and both make you lose your money

ethereumhunter

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Quote from: 3meek on May 28, 2020, 03:35:17 AM

Even when analyzing teams in sports betting, your winnings depend on your luck! In trading as well, sometimes the market does not move according to your predictions... Of course, more often the one who has knowledge wins, but a lot depends on luck!

Yes, we still need our lucky, which can support us to win the games. So we can see that both trading and gambling will need the luck to make money, but the chance to lose will be bigger in gambling than in trading.

Quote from: Ucy on May 28, 2020, 04:37:54 AM

I agree.
Trading with big amount or what you can't afford to lose without the required knowledge/experience is basically gambling. Same as other bettings, like betting in skill-based games, sport betting, poker, politics, etc.
I believe a good poker player for example could win consistently with his/her skills. The good and successful ones are probably few

But even if that player has a high-skills in poker games, he cannot play randomly without thinking about making a strategy to win and depend on his luck to win. But remember, that even a good poker player will not always have their luck comes in the poker game because we don't know when the luck will come.

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