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Topic: Gambling is like day trading ? - page 10. (Read 2855 times)

sr. member
Activity: 1078
Merit: 256
April 17, 2020, 02:09:54 PM
Definitely, trading is like gambling but like what some people said, it's not vice versa means gambling can't be trading. Both trading and gambling have risk, trading usually has long term risk since you're waiting for the pump in the market while gambling is just a short term risk which means a situation will occur after betting. Both should be learned but for me, trading is more complex than gambling 'cause you just need to rely on luck sometimes.
Both needs to learned in order to choose what best platforms will bring you higher chance to earn, though trading if you will be seeking for much deeper there are lots of educational ways to understand and not just to deal with luck, as gambling mostly depends from luck that will be at your side each time you play and bet.
hero member
Activity: 2548
Merit: 684
God, save BTC!
April 17, 2020, 01:25:06 PM
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?

Ahaha, that true for sure. Both on gambling and trading there only 5-6 % of people who get money, most in long term only lost their funds. And yeah, it's more like trading is like gambling, not vice versa  Grin

Daytrading is really a lot like playing slot machines or roulette...  Everywhere you need amazing luck to win more than you lose! Especially in the case of margin trading... After all, if you trade on the spot exchange, in the worst case, you will still have coins or tokens, which (in theory Wink) can be sold without a loss! Grin But in slot machines you lose your coins permanently, as well as on the margin trading ... Wink
legendary
Activity: 1778
Merit: 1009
Degen in the Space
April 17, 2020, 01:05:36 PM
Definitely, trading is like gambling but like what some people said, it's not vice versa means gambling can't be trading. Both trading and gambling have risk, trading usually has long term risk since you're waiting for the pump in the market while gambling is just a short term risk which means a situation will occur after betting. Both should be learned but for me, trading is more complex than gambling 'cause you just need to rely on luck sometimes.
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
April 17, 2020, 12:09:58 PM
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?
It is, gambling and trading was just similar or maybe business  Grin. You could easily double your investment in both  gambling and trading  if your are just lucky.

But trading would be less risky than gambling you are not really going to lose money in trading unless you sell your investment but in gambling you could easily lose it all.
legendary
Activity: 2436
Merit: 1849
Crypto for the Crypto Throne!
April 17, 2020, 12:04:57 PM
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?

Ahaha, that true for sure. Both on gambling and trading there only 5-6 % of people who get money, most in long term only lost their funds. And yeah, it's more like trading is like gambling, not vice versa  Grin
sr. member
Activity: 2338
Merit: 365
April 17, 2020, 11:44:09 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?
I think yes...
Daily gambling and trading are betting, betting is a process of doubling money, just the way to double the money and the analysis is different.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
April 17, 2020, 10:40:50 AM
I agree that gambling is a sort of trading if you treat this a money business. But gambling is really different from trading because you can enjoy while you are in gambling. Maybe gambling that base on luck will be considered as like in trading but those gambling that based on skills I think I can not compare with it to trading.

Both market trading and gambling depend very much on luck. But their goals are different. Gambling is more like a pleasant pastime than earning money, and trading is the opposite. No one tells his wife: "I'm going to go out with my friends and trade and have a beer."
Not really, there are professional traders who are good with trading. Trading and gambling is more like a luck based earning access for people who are good and with better understanding about the market. When it comes to gambling, through sports betting professional people earn it. We need to learn continuously, and after that when we experiment surely we'll get a bigger win.
sr. member
Activity: 1512
Merit: 316
April 17, 2020, 10:34:27 AM
we should also remember that more than 90% of day traders lose money on the long run
and regarding to gamblers.... I have no idea

In both gambling and trading, we know that some people can make money, but most people will lose their money. So whether we say gambling is like day trading or not, we agree that both can be the way for people who can use the knowledge to make money. And if people don't know anything about gambling or trading, they better not to do that more often because they will get the risk of losing the money.


I consider both are different because in gambling many games are part of you luck where you just press the button and you either win or lose it.  But in trading there are different things on which process may be depended and you need to know many things which can help you make money. Luck also plays vital role but not like you make 100% or you end up losing everything in trading. Gambling in many countries or religion is banned but not trading of legal things.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
April 17, 2020, 10:31:02 AM
   I guess we can compare day trading and gambling, theoretically we can compare anything we want. In this
case now, we have some similarities between day trading and gambling, but I would't say that one is like other,
even with many similarities, there are huge differences as well.
   I think anyone can gamble and win, with a bit luck. Day trading require knowledge, it's not like anyone can
do it and make profit!
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
April 17, 2020, 09:59:16 AM
I agree that gambling is a sort of trading if you treat this a money business. But gambling is really different from trading because you can enjoy while you are in gambling. Maybe gambling that base on luck will be considered as like in trading but those gambling that based on skills I think I can not compare with it to trading.

Both market trading and gambling depend very much on luck.
I don't believe in this principle, in order for trading to be compared as gambling, it should be short term, and you don't get much luck in short term, you only get more luck when you are holding and trading it for long term.

It's more on your consistency and the ability to be profitable.

But their goals are different. Gambling is more like a pleasant pastime than earning money, and trading is the opposite. No one tells his wife: "I'm going to go out with my friends and trade and have a beer."
It varies from a specific gambler, not all gamblers are just treating gambling for fun, those professionals are sure doing it for a living.
hero member
Activity: 1232
Merit: 858
April 17, 2020, 09:52:02 AM
I agree that gambling is a sort of trading if you treat this a money business. But gambling is really different from trading because you can enjoy while you are in gambling. Maybe gambling that base on luck will be considered as like in trading but those gambling that based on skills I think I can not compare with it to trading.

Both market trading and gambling depend very much on luck. But their goals are different. Gambling is more like a pleasant pastime than earning money, and trading is the opposite. No one tells his wife: "I'm going to go out with my friends and trade and have a beer."
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
April 17, 2020, 09:42:44 AM
Trading is less risk we know that and gambling or most risky in crypto ways of earnings. I don't see that they are same but also we can also spend more money once we do any mistake. Day trading is where you can earn in short a time but also in the longterm you can get a big profit in gambling only shorterm for you to know the outcome.

Besides that, if we are doing trading with having skills, we have the opportunity to make a profit or recover from the loss unless the market is not increasing for a long time. But trading can be gambling when we don't analyze, and we are guessing about where the price will moves. If people do like that, then they need to prepare to get stuck at a high price because they don't analyze before they trade.
hero member
Activity: 2814
Merit: 576
April 17, 2020, 05:52:53 AM
The blacklist is possible and the casinos share the same data with each other for preventing the access of cheaters/scammers. Regarding the long-run profitability, only having an edge can make it possible. Otherwise, the house edge will kill the odds of winning, the edge is first priority, IMO.
They will easily notice if there are people who are cheating because that would affected their profitability, and casino's by nature are profitable as long as they have customers playing in their casino, whether online or physical casino. In physical casino, it's hard to cheap as they have a very sophisticated security system,.. maybe cheating is possible online like hacking but like I said, they'll figure that out and will improve their site.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
April 17, 2020, 05:27:59 AM
Trading is less risk we know that and gambling or most risky in crypto ways of earnings. I don't see that they are same but also we can also spend more money once we do any mistake. Day trading is where you can earn in short a time but also in the longterm you can get a big profit in gambling only shorterm for you to know the outcome.

Any activity can be profitable in the long run if you clearly know what you are doing.
Unfortunately in the casino, if you know the system by which you can win, you will be calculated and added to the black list. However, if you are careful enough you can earn quite a bit of money.
The blacklist is possible and the casinos share the same data with each other for preventing the access of cheaters/scammers. Regarding the long-run profitability, only having an edge can make it possible. Otherwise, the house edge will kill the odds of winning, the edge is first priority, IMO.
hero member
Activity: 1708
Merit: 651
SmartFi - EARN, LEND & TRADE
April 17, 2020, 05:13:21 AM
Trading is less risk we know that and gambling or most risky in crypto ways of earnings. I don't see that they are same but also we can also spend more money once we do any mistake. Day trading is where you can earn in short a time but also in the longterm you can get a big profit in gambling only shorterm for you to know the outcome.

Any activity can be profitable in the long run if you clearly know what you are doing.
Unfortunately in the casino, if you know the system by which you can win, you will be calculated and added to the black list. However, if you are careful enough you can earn quite a bit of money.
Leo
member
Activity: 620
Merit: 10
Trident Protocol | Simple «buy-hold-earn» system!
April 17, 2020, 02:07:32 AM
Gambling is totally different from day trading,  the only day trading that is kind of more similar to gambling is the future trading whereby you tend to leverage,  like x5 or more, the liquidation in it perhaps makes it look more like a gambling to me in my opinion.

In gambling it's either you win or lose,  in day trading, if you are on spot trading you can recover your loss back, in as much as you did not sell at loss,  but as for the leverage day trading, once you hit the liquidation zone,  you lost which is more like a gambling also,  because you tend to loose your money if your prediction goes south
hero member
Activity: 1834
Merit: 523
April 17, 2020, 01:17:35 AM
Trading is less risk we know that and gambling or most risky in crypto ways of earnings. I don't see that they are same but also we can also spend more money once we do any mistake. Day trading is where you can earn in short a time but also in the longterm you can get a big profit in gambling only shorterm for you to know the outcome.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
April 17, 2020, 12:49:20 AM
I do not have accurate data, but if we reason from the point of view of mathematics, then the longer the distance and the greater the number of bets, the closer the number of losers will be closer to 100%. Both of these games have a negative mathematical expectation, so the result will be the same.
We can also reason from the known fact that casinos are in a net profit and not a net loss. Simulated mathematically, even EV- game is a loss for the player and a win for the casino. Now you can perform this on any browser by searching on the net for simulators.

Again this not mean that EV+ games are going to be contrary. They also have a luck factor involved and will lead to losses if the person is betting without doing analysis. The same logic can also be applied to trading without learning how to trade, just buying shitcoins without doing some research.

So maybe EV+ gambling can be said to be similar to day trading, because the luck factor is there but analysis and knowledge is also needed.
sr. member
Activity: 1078
Merit: 256
April 11, 2020, 01:26:13 PM
I agree that gambling is a sort of trading if you treat this a money business. But gambling is really different from trading because you can enjoy while you are in gambling. Maybe gambling that base on luck will be considered as like in trading but those gambling that based on skills I think I can not compare with it to trading.
Skills are needed when you do serious trading business, understanding the risk factors and correct money managements in order to correctly anticipated the market conditions, same alike with skilled based gambling where you needed to assess and analyze every bets that you will going to pick together with your skills you'll be able to compensate from this kind of business.
sr. member
Activity: 1246
Merit: 261
★ Investor | Trader | Promoter
April 11, 2020, 12:35:33 PM
I agree that gambling is a sort of trading if you treat this a money business. But gambling is really different from trading because you can enjoy while you are in gambling. Maybe gambling that base on luck will be considered as like in trading but those gambling that based on skills I think I can not compare with it to trading.
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