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Topic: How is trading *not* gambling? - page 5. (Read 23340 times)

sr. member
Activity: 1918
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Just.bet - Decentralized On-chain Casino
May 25, 2017, 10:32:33 PM
Sorry i think type of your question same with another thread this https://bitcointalksearch.org/topic/can-trading-be-considered-as-gambling-1727706 (Can trading be considering as gambling), you can read and see the answer, trading and gambling is completely different, the biggest thing in gambling is based on luck but trading based on knowledge and analysis.
Thanks for sharing, this is helpful. I am a beginner and I have almost 1 year learning to change Altcoin and bitcoin. This answer is important because, for me my income should be earned from a good job. Gamling is a job that is prohibited in a religion I believe. For that I keep looking for differences between trading and gamling.
sr. member
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
May 25, 2017, 10:22:08 PM
There are fears when trading is associated with gamling / betting, there are legal consequences that must be accepted in the community especially relating to belief and religious life. I have not found the gamling criteria in trading, nor found the correct laws in my religion. Until now I'm still looking for it. Roll Eyes
newbie
Activity: 18
Merit: 0
May 25, 2017, 09:43:14 PM
Trading is not gambling be cause you can determine the odds of winning and losing. You can put the odds in your favor. In gambling you cannot, and often it is in the casinos favor.
legendary
Activity: 3430
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English ⬄ Russian Translation Services
May 25, 2017, 02:46:04 AM
In a way it is gambling because you are still playing a game of statistics. the difference between gambling and trading is that you determine the statistics of you winning or losing by your trading setup, so that you can stack the odds in your favor. you're more likely to make money trading than in a casino where the house has a statistical edge against you.

Real live trading has nothing to with statistics

And just in case, neither does gambling as such though you can apply the methods of statistics to organize, analyze, and interpret the outcomes of your rolls (whether it will help you is another matter). Gambling is more about a theory of chances (probability theory). Obviously, in trading you can apply statistics too, but as the saying goes, "the past performance is not indicative of future results", and this is particularly true in respect to highly speculative assets such as Bitcoin and accomplices, up to a point where it becomes completely irrelevant, inconsequential, or even outright dangerous (to rely on and proceed with)
legendary
Activity: 1008
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May 25, 2017, 02:03:49 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Trading has a big difference to gambling. Gambling is using a money to get a profit but they habe no assurance to get a profit unlike [1]trading that need to wait the right time foe the better price. Both of them are money involve, they need a capital and oir aim is to make a profit. [2]But trading need a long time to get a sure profit. While gambling gets a profit in small period of time and [3]will also turn to zero in just one moment.

[1] But is the right time ever going to come? Go to YoBit and see how many people have lost money from trading. People believe that the coin that they are currently holding is just going down momentarily and would easily go back after a short period of time. Until that "short period of time" has become long. Until the coin has finally died.

[2] Long time holding a coin doesn't guarantee "Sure profit" at all. As a matter of fact, holding a coin for too long can also be bad since people might already have left the market before you ever sell your coin.

[3] Only if you lose and only if you risked all of your money.
newbie
Activity: 22
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May 24, 2017, 11:18:56 PM
In a way it is gambling because you are still playing a game of statistics. the difference between gambling and trading is that you determine the statistics of you winning or losing by your trading setup, so that you can stack the odds in your favor. you're more likely to make money trading than in a casino where the house has a statistical edge against you.
legendary
Activity: 2800
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Farewell LEO: o_e_l_e_o
May 24, 2017, 04:19:18 PM
Becuase in trading if you lose it just a paoer lose and also. Why would you sell it if it's in negative?.... Think of it if you know that your a real traders. Well we all have strategy and most of it are not the same. So for me trading is not a gambling, you'll realize it because in gambling your money is in 50/50

You have just revealed the greatest difference between trading and gambling. A loss in a gambling is a complete loss and no recovery is possible. However if you are in trading and your invest coin is at a loss, you still have chance to end up in profit if you do not sell at a loss and wait for the price increase.  Thats why trading is NOT a gambling.
I have to disagree with this trading and gambling are very much related, take for example you start with a bank roll of 0.05 btc and because of a loss you are left with 0.01 btc that doesn't mean you can not recover what you lost. And just like holding your coins its a gamble that you will actually
get a profit because its not a guarantee that prices will surge to your expectations.  
legendary
Activity: 3430
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English ⬄ Russian Translation Services
May 24, 2017, 03:15:46 PM
Since when is trading completely random? Prior to trading, you usually make an analysis and based on that analysis you will make your decision.

Opposed to this, the outcome of gambling mainly depend on luck!

If ifs and ans were pots and pans

Then there'd be no trade for tinkers. You implicitly assume here that if you make some analysis, that implies that you will necessarily succeed. In real life this is nowhere near the case. If your analysis is wrong (which would be more often than not), then your results wouldn't be any better than if you were outright gambling. In fact, they could be even worse since luck is still pretty close to fifty-fifty (when you, say, flip a coin), but your analysis may make you lose consistently, especially if you are following it blindly
legendary
Activity: 1862
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May 24, 2017, 03:00:11 PM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Actually, if you trade by guessing without making research, that can be considered as gambling. They differ for a reason. Trading is a matter of knowledge, analysis, speculation, updates in news, and many more that can help to make a better profit through trading. In the other hand, gambling is absolutely a matter of luck and guessing. Gambling is something unpredictable that no one can get a sure profit from it.
Well, following your logic then every opportunity is gambling, after all you have no idea about outcome of the game.
There is a huge difference between gambling and investing or trading. Gamblers are risk seeking individuals who thrive on adrenaline and hardcore emotions.
From the other hand investors and traders are trying to avoid any risk at all cost. You need a little bit of luck/knowledge/skill in both trading and investing.
Gambling requires only luck.
sr. member
Activity: 2198
Merit: 273
Vave.com - Crypto Casino
May 24, 2017, 02:36:47 PM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Actually, if you trade by guessing without making research, that can be considered as gambling. They differ for a reason. Trading is a matter of knowledge, analysis, speculation, updates in news, and many more that can help to make a better profit through trading. In the other hand, gambling is absolutely a matter of luck and guessing. Gambling is something unpredictable that no one can get a sure profit from it.

The underlying difference is only in the longer period of time compared to gambling, we can analyze the graph that is not only based on luck, it is true if we only see the trollbox or just trade with the prediction is indeed in the category of gamble but with different contexts because more use the instinct healthy and not stuck with players and bookies.
sr. member
Activity: 882
Merit: 260
May 24, 2017, 06:22:49 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Actually, if you trade by guessing without making research, that can be considered as gambling. They differ for a reason. Trading is a matter of knowledge, analysis, speculation, updates in news, and many more that can help to make a better profit through trading. In the other hand, gambling is absolutely a matter of luck and guessing. Gambling is something unpredictable that no one can get a sure profit from it.
hero member
Activity: 2912
Merit: 674
May 24, 2017, 03:55:24 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Trading has a big difference to gambling. Gambling is using a money to get a profit but they habe no assurance to get a profit unlike trading that need to wait the right time foe the better price. Both of them are money involve, they need a capital and oir aim is to make a profit. But trading need a long time to get a sure profit. While gambling gets a profit in small period of time and will also turn to zero in just one moment.
Both have no assurance because trading is also gambling by nature, however many will choose trading over gambling because there is no house edge and you can analyze the data well which will make you smarter and you continue doing it. Less education means bigger risk so to minimize it we have to be having a continues education and we are the only one who can do that.
sr. member
Activity: 1036
Merit: 294
May 24, 2017, 02:24:21 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Trading has a big difference to gambling. Gambling is using a money to get a profit but they habe no assurance to get a profit unlike trading that need to wait the right time foe the better price. Both of them are money involve, they need a capital and oir aim is to make a profit. But trading need a long time to get a sure profit. While gambling gets a profit in small period of time and will also turn to zero in just one moment.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
May 23, 2017, 11:30:07 PM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Well if you don't really know what you are doing, then yes. It's just like gambling. But there are professional traders, so I'm guessing there is a lot of space for knowledge and good analysis to take place and give you profit.
i think in gambler there are many professional gambler whose profession is gambling, they are playing gambling on regular bases and they are most depend for living on gambling  and they have even so much experience that they are regularly making good money from gambling.
That is not true, there is no person that is good at gambling because it is very hard for them to do gambling and make a living because the system of gambling is very unpredictable so they can't get consistent positive results in their game. The only way that i know to make consistent money in gambling is to invest on their bank roll and not to play their games.
hero member
Activity: 588
Merit: 500
May 23, 2017, 06:50:49 PM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Well if you don't really know what you are doing, then yes. It's just like gambling. But there are professional traders, so I'm guessing there is a lot of space for knowledge and good analysis to take place and give you profit.
i think in gambler there are many professional gambler whose profession is gambling, they are playing gambling on regular bases and they are most depend for living on gambling  and they have even so much experience that they are regularly making good money from gambling.
sr. member
Activity: 714
Merit: 254
May 23, 2017, 09:59:38 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
For my explanation the gambling is a game while trading is a business and investment. They both have a high risk. So before you go to the trading and gambling you must be prepare and know what will you do.
Aside from the literal meaning that trading is an investment and gambling is just base on luck but in the end they require strategy and of course cash/bitcoin to join or to earn. For me trading is the better way to earn income and some people are just doing gambling because they were bored or some wanted to earn more than they can so they are trying their luck in gambling.
sr. member
Activity: 924
Merit: 275
May 23, 2017, 09:46:56 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
For my explanation the gambling is a game while trading is a business and investment. They both have a high risk. So before you go to the trading and gambling you must be prepare and know what will you do.
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
May 23, 2017, 09:15:20 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?

Well if you don't really know what you are doing, then yes. It's just like gambling. But there are professional traders, so I'm guessing there is a lot of space for knowledge and good analysis to take place and give you profit.
sr. member
Activity: 868
Merit: 289
May 23, 2017, 05:16:44 AM
How different is trading from just gambling? I know there seems to be a  big difference with technical analysis and whatnot, but in the end aren't you just betting on something completely random?
Gambling whenever is a profitable things to gain bitcoin. It is still much better to do trade in the exchange platform.
However, trading was a good one to choose to get profit and its already proven and tested.
legendary
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
May 23, 2017, 03:24:33 AM
Becuase in trading if you lose it just a paoer lose and also. Why would you sell it if it's in negative?.... Think of it if you know that your a real traders. Well we all have strategy and most of it are not the same. So for me trading is not a gambling, you'll realize it because in gambling your money is in 50/50

You have just revealed the greatest difference between trading and gambling. A loss in a gambling is a complete loss and no recovery is possible. However if you are in trading and your invest coin is at a loss, you still have chance to end up in profit if you do not sell at a loss and wait for the price increase.  Thats why trading is NOT a gambling

In fact, trading is not particularly different in this respect from gambling either

If you doubt that I invite you to visit Yobit exchange to see the endless rows of shitcoins which are as dead as doornails with their Ask (sell) orders stuck at the lowest possible level and, consequently, no Bid (buy) orders altogether. After you see that with your own eyes, you may want to think again how trading is very different from gambling and what is the greatest difference between them. Just in case, in gambling you don't have to stake all, while a loss in trading can be easily likened to a similar loss in gambling
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