Gambling is like day trading ? - page 4.

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Quote from: cabalism13 on May 14, 2020, 01:34:12 PM

Never seen this thread before LoL, I wanna ask what the OP's thinking? Comparing trading to gambling LoL. And AFAIK in Day trading the loss is pretty much low in risks, comoared to gambling which is 50-50.

I am also surprised by the OP, they are comparing Trade and Gambling even though it is clear the difference is very far in terms of theory and even technique.

Quote from: FontSeli on May 14, 2020, 06:19:27 PM

In the crypto market, new people often appear who want to get rich quickly. They do not learn, they do not read, they immediately rush to trade. And they lose their money. Then they go to tell everyone that nothing can be earned in cryptocurrencies.

That is truly the behavior of NOOB people, I often say that in this world there is nothing more instant more in trade or gambling.
Everything needs a learning process, understanding how to do it correctly. Because anyone without learning either in trading or gambling I am sure will not be able to benefit from both.

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Quote from: FontSeli on May 14, 2020, 06:19:27 PM

Quote from: cabalism13 on May 14, 2020, 01:34:12 PM

Quote from: ethereumhunter on May 14, 2020, 12:57:30 PM

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

I think that users aren't really a trader. And doesn't know how digital assets means.

In the crypto market, new people often appear who want to get rich quickly. They do not learn, they do not read, they immediately rush to trade. And they lose their money. Then they go to tell everyone that nothing can be earned in cryptocurrencies.

Yeah, it really sucks to be them,...
I remember last week, though it wasn't all about trading but investments in general, there was a group that is full of noobs, speaking as if they're true professionals in crypto, but you'll see that they're just spamming nonsense lies.

Anyways, In my case for being a noob back on that days, I did only try to invest a little and learn how it works then finally I found the way to make money, though youtube has a point on giving me some info 😂

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Quote from: ethereumhunter on May 14, 2020, 12:57:30 PM

Quote from: FontSeli on May 14, 2020, 07:44:00 AM

Entering the market is absolutely not a problem, especially if you enter such coins as bitcoin, Ethereum, they can restore their price even after strong falls. The whole question is just about waiting time.
In order not to lose a lot of money in gambling, you need to be able to determine for yourself the amount after the loss of which you stop playing.

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

All the better for those people who know how to trade. I say that the skill in trading is very important. Inexperienced traders at the beginning of a big fall wait a long time and start selling only when the price has fallen very much. At this time, experienced traders take advantage of the situation and buy coins at a much lower price.
And in a game of dice everyone presses the throw button) No one needs the skill there.

Quote from: cabalism13 on May 14, 2020, 01:34:12 PM

Quote from: ethereumhunter on May 14, 2020, 12:57:30 PM

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

I think that users aren't really a trader. And doesn't know how digital assets means.

In the crypto market, new people often appear who want to get rich quickly. They do not learn, they do not read, they immediately rush to trade. And they lose their money. Then they go to tell everyone that nothing can be earned in cryptocurrencies.

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Never seen this thread before LoL, I wanna ask what the OP's thinking? Comparing trading to gambling LoL. And AFAIK in Day trading the loss is pretty much low in risks, comoared to gambling which is 50-50.

Quote from: ethereumhunter on May 14, 2020, 12:57:30 PM

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

I think that users aren't really a trader. And doesn't know how digital assets means.

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Quote from: Natalim on May 13, 2020, 09:01:00 AM

Quote from: ethereumhunter on May 13, 2020, 08:22:58 AM

Yes, I agree with you. In the trading, crypto or forex trading, we really need to have experience and skills to get the right coins so we can make a profit.

And that will not be the same as gambling.

If you think that gambling is based on luck, you would not really think that you can also consider gambling as a way like in trading where you can analyze the game, the game that I am referring are not games that are played based on luck only, games with house edge because we can never win consistently in games with house edge, I am referring to sports betting and poker as well.

Gambling still needs luck, whether we say that skills take part in gambling or not. Trading can be a way to make a profit than gambling if you have skills in trading. But if you say that sports betting and poker can give you a profit, I think that can work well too as I know that some gamblers who bet in sports and poker can make money too. Well, not all people gamble in sports and poker since the lesson to skill to collect the data in the sports and poker games will be too difficult for me.

Quote from: FontSeli on May 14, 2020, 07:44:00 AM

Quote from: ethereumhunter on May 13, 2020, 08:22:58 AM

Yes, I agree with you. In the trading, crypto or forex trading, we really need to have experience and skills to get the right coins so we can make a profit. And that will not be the same as gambling. When you don't have luck, then you cannot get a win. But both, gambling and trading will not be easy to make money because we need to know the right timing to enter the market. In gambling, we need to know when we can stop gamble, so we don't lose all of the money.

Entering the market is absolutely not a problem, especially if you enter such coins as bitcoin, Ethereum, they can restore their price even after strong falls. The whole question is just about waiting time.
In order not to lose a lot of money in gambling, you need to be able to determine for yourself the amount after the loss of which you stop playing.

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

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Quote from: ethereumhunter on May 13, 2020, 08:22:58 AM

Yes, I agree with you. In the trading, crypto or forex trading, we really need to have experience and skills to get the right coins so we can make a profit. And that will not be the same as gambling. When you don't have luck, then you cannot get a win. But both, gambling and trading will not be easy to make money because we need to know the right timing to enter the market. In gambling, we need to know when we can stop gamble, so we don't lose all of the money.

Entering the market is absolutely not a problem, especially if you enter such coins as bitcoin, Ethereum, they can restore their price even after strong falls. The whole question is just about waiting time.
In order not to lose a lot of money in gambling, you need to be able to determine for yourself the amount after the loss of which you stop playing.

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Quote from: matchi2011 on May 13, 2020, 10:20:44 AM

Quote from: boyptc on May 13, 2020, 09:55:13 AM

Quote from: greylandm on May 12, 2020, 09:06:41 PM

You're in for emotions and entertainment while gambling. You're in for cash while day-trading. That's the point.

Well, I doubt that most gamblers are just for the entertainment.

It's also attached that most gamblers are in for the profit.

More on profits and less with entertainment, gamblers are there to try pushing some luck to earned it's not new to this industry. Also the very reason why lots of addicted gamblers ruined their life because of misconceptions.
Taking the risk without knowing anything will ends you up like gambling to your luck, day trading also have patterns to follow some hints that can give you good chance to position your investment to the right assets.

I still see people who think that gamblers are just going for entertainment and ignore the fact that money is the inspiration why we gamble.

They're making the reason of making money lowkey.

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I like trading more than gambling because I am looking for a small profit margin to maintain my capital. On the other hand, with gambling you enjoy your favorite games but later you get anxious to see your winnings, whether from small to large.

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Quote from: yazher on May 13, 2020, 01:18:37 PM

Quote from: boyptc on May 13, 2020, 09:55:13 AM

Quote from: greylandm on May 12, 2020, 09:06:41 PM

You're in for emotions and entertainment while gambling. You're in for cash while day-trading. That's the point.

Well, I doubt that most gamblers are just for the entertainment.

It's also attached that most gamblers are in for the profit.

Most of them think that whenever they go to the gambling den or any other places that have the same setting as gambling. They always think that someday their gonna win big time. then the result is you can see them keep coming and coming to that same place with a perspective to win next time. but after next time, nothing has happened and the only thing they get is losing. the entertainment at first became a hobbit and that's when they pay the price. because after that there are only 3 days of winning and 27 days of losing every day if they cannot stop themselves.

Majority of the average gamblers' mind works as you mentioned, they hope and they don't want to give up about the big win bets. The one big shot should cover all losses according to the loser's gambling mind but in reality, things turn differently. Slightly decreasing life conditions and spending life savings on the casinos ruin their life and drain life motivation. In trading, the risks can be controlled and the addiction level is not high as compared to gambling.

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Quote from: boyptc on May 13, 2020, 09:55:13 AM

Quote from: greylandm on May 12, 2020, 09:06:41 PM

You're in for emotions and entertainment while gambling. You're in for cash while day-trading. That's the point.

Well, I doubt that most gamblers are just for the entertainment.

It's also attached that most gamblers are in for the profit.

Most of them think that whenever they go to the gambling den or any other places that have the same setting as gambling. They always think that someday their gonna win big time. then the result is you can see them keep coming and coming to that same place with a perspective to win next time. but after next time, nothing has happened and the only thing they get is losing. the entertainment at first became a hobbit and that's when they pay the price. because after that there are only 3 days of winning and 27 days of losing every day if they cannot stop themselves.

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We can also consider the fact of losing or winning as a comparison. In gambling and in trading there is approximately the same probability... Usually people lose! Wink

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Quote from: BitcoinsGreat on May 12, 2020, 04:46:30 PM

Quote from: FontSeli on May 12, 2020, 03:01:30 PM

So I'm not the only one who thinks so. I am very happy that there were many responses to my idea and we all share the same opinion. For trading on crypto exchanges really need to have the necessary experience and skills, and for most gambling games, you need to rely on your luck.

You need luck in trading also. Remember the leverage platforms which pay to 10x-100x leverage amount and you have to guess the right movement of bitcoin. I think luck plays a major part there too but people think that they have skills and therefore they did a successful trade, which is not the actual reality.

Oh, right. I completely forgot about trading with leverage. I trade coins without using leverage. Really who trades with a shoulder of X10 or more is a really crazy guy. And this person must rely on the God of luck in addition to their skills.

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Quote from: boyptc on May 13, 2020, 09:55:13 AM

Quote from: greylandm on May 12, 2020, 09:06:41 PM

You're in for emotions and entertainment while gambling. You're in for cash while day-trading. That's the point.

Well, I doubt that most gamblers are just for the entertainment.

It's also attached that most gamblers are in for the profit.

More on profits and less with entertainment, gamblers are there to try pushing some luck to earned it's not new to this industry. Also the very reason why lots of addicted gamblers ruined their life because of misconceptions.
Taking the risk without knowing anything will ends you up like gambling to your luck, day trading also have patterns to follow some hints that can give you good chance to position your investment to the right assets.

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Quote from: greylandm on May 12, 2020, 09:06:41 PM

You're in for emotions and entertainment while gambling. You're in for cash while day-trading. That's the point.

Well, I doubt that most gamblers are just for the entertainment.

It's also attached that most gamblers are in for the profit.

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Quote from: DabsPoorVersion on May 13, 2020, 12:12:55 AM

Quote from: BitcoinsGreat on May 12, 2020, 04:46:30 PM

You need luck in trading also. Remember the leverage platforms which pay to 10x-100x leverage amount and you have to guess the right movement of bitcoin. I think luck plays a major part there too but people think that they have skills and therefore they did a successful trade, which is not the actual reality.

I totally disagree, luck is not included in trading.

Trading is not as simple as you have to guess the price movement, traders have the knowledge and capability to read the market price movement base on their experience. They don't base their possible profit on luck, because every time they trade they already have their expectations.

Indeed. You don't need luck in trading because for you to earn good profit in trading you need to have skills on how you make a successful trade and analyze the market's movement. In gambling, there are specific games that you need to have skills like poker, but mostly for you to win in gambling you really need to have some luck.

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Quote from: ethereumhunter on May 13, 2020, 08:22:58 AM

Yes, I agree with you. In the trading, crypto or forex trading, we really need to have experience and skills to get the right coins so we can make a profit.

And that will not be the same as gambling.

If you think that gambling is based on luck, you would not really think that you can also consider gambling as a way like in trading where you can analyze the game, the game that I am referring are not games that are played based on luck only, games with house edge because we can never win consistently in games with house edge, I am referring to sports betting and poker as well.

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Quote from: FontSeli on May 12, 2020, 03:01:30 PM

Quote from: ethereumhunter on May 11, 2020, 08:21:19 AM

Quote from: FontSeli on May 10, 2020, 10:51:06 AM

Technical analysis works well in the stock and currency markets. In the crypto market, I have seen enough cases when technical analysis made serious mistakes. I may have applied it incorrectly and these were my mistakes. However, it is true that gradually the more you trade you learn to do it better and better. And for a long period of time, a skilled trader will trade with profit.
When playing dice, you can't influence the result in any way with your ability, you only need luck.

The more we can learn, the more our chance to make a profit. Not just learn for another lesson, but it is also learned from your mistake that will give you another lesson. I also make a mistake in trading by analyzing the wrong entry point, so that makes me get lost, but that is not stopping me from learning more about analysis. It is different from the dice game as we know that we need to have the luck to win.

So I'm not the only one who thinks so. I am very happy that there were many responses to my idea and we all share the same opinion. For trading on crypto exchanges really need to have the necessary experience and skills, and for most gambling games, you need to rely on your luck.

Yes, I agree with you. In the trading, crypto or forex trading, we really need to have experience and skills to get the right coins so we can make a profit. And that will not be the same as gambling. When you don't have luck, then you cannot get a win. But both, gambling and trading will not be easy to make money because we need to know the right timing to enter the market. In gambling, we need to know when we can stop gamble, so we don't lose all of the money.

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Quote from: DabsPoorVersion on May 13, 2020, 12:12:55 AM

Quote from: BitcoinsGreat on May 12, 2020, 04:46:30 PM

You need luck in trading also. Remember the leverage platforms which pay to 10x-100x leverage amount and you have to guess the right movement of bitcoin. I think luck plays a major part there too but people think that they have skills and therefore they did a successful trade, which is not the actual reality.

I totally disagree, luck is not included in trading.

Trading is not as simple as you have to guess the price movement, traders have the knowledge and capability to read the market price movement base on their experience. They don't base their possible profit on luck, because every time they trade they already have their expectations.

Tell me some traders that make a living from trading and you will have a lot of difficulties doing so because they are non existent.The ones showing profit at etoro trading platform are not consistent at all.Unless you happen to work in a central bank where you know before what will happen to forex pairs for example you cannot tell that luck is not included in trading because it is needed in big amounts here too just as in gambling.

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Quote from: BitcoinsGreat on May 12, 2020, 04:46:30 PM

You need luck in trading also. Remember the leverage platforms which pay to 10x-100x leverage amount and you have to guess the right movement of bitcoin. I think luck plays a major part there too but people think that they have skills and therefore they did a successful trade, which is not the actual reality.

I totally disagree, luck is not included in trading.

Trading is not as simple as you have to guess the price movement, traders have the knowledge and capability to read the market price movement base on their experience. They don't base their possible profit on luck, because every time they trade they already have their expectations.

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Quote from: philanthropist67 on March 16, 2020, 06:28:18 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?

You're in for emotions and entertainment while gambling. You're in for cash while day-trading. That's the point.

Topic: Gambling is like day trading ? - page 4. (Read 2839 times)