How is trading *not* gambling? - page 7.

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Quote from: Kevin77 on May 19, 2017, 01:42:23 PM

Trading is in no way a gambling. But if people are approaching trading similar to gambling then there will be no difference between trading and gambling because trading may turn into gambling at any time as per our approaches

That depends on the metric you use to distinguish between trading and gambling

For example, you may just claim that trading is not gambling simply because they are two different words (though even different words may mean the same, obviously). And you will be right to a certain degree. On the other hand, if we assume that the best metric would be the ratio of winners to losers over long term, both gambling and trading are quite alike in this respect since the majority of traders just like gamblers are losing in the long run

--DarkSecrets--

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Quote from: equator on May 20, 2017, 01:57:53 AM

Quote from: bustomi on May 20, 2017, 01:34:35 AM

Quote from: GreenBits on January 20, 2017, 04:20:29 AM

Quote from: mk3000 on January 19, 2017, 07:43:55 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?

Trading is required your skill to predict prices of your choosed crypto currencies or currency but in gambling its need your luck if your are a lucky person you have a big chances of winnings.They are more differences of trading and gambling but this is the summarized of it.

yeah your right, gambling depend how lucky you are, but trading you need to analyze it first to get profit..

What you are telling about gambling is casino and dice game whose profit is based on luck but i think trading is just like sports betting ,where if you do analyse of the market and make report by taking the past history, then surely you will make profit the same way is in sports betting when you do analyse on the team and their past performance then you can make profit. So sports betting and trading are same like both have same risk and profit also. In this both if you do analyse and play then on Long term ROI you will see that you are in good profit.

Sportsbetting can't be compared into trading ,Trading is not just about analysing their past performance .It should be track at all time the community and the present projects or progress .In sportsbetting you have two chance win or lose in trading you can minimize and maximize your profit based on your skills.

equator

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Quote from: bustomi on May 20, 2017, 01:34:35 AM

Quote from: GreenBits on January 20, 2017, 04:20:29 AM

Quote from: mk3000 on January 19, 2017, 07:43:55 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?

Trading is required your skill to predict prices of your choosed crypto currencies or currency but in gambling its need your luck if your are a lucky person you have a big chances of winnings.They are more differences of trading and gambling but this is the summarized of it.

yeah your right, gambling depend how lucky you are, but trading you need to analyze it first to get profit..

What you are telling about gambling is casino and dice game whose profit is based on luck but i think trading is just like sports betting ,where if you do analyse of the market and make report by taking the past history, then surely you will make profit the same way is in sports betting when you do analyse on the team and their past performance then you can make profit. So sports betting and trading are same like both have same risk and profit also. In this both if you do analyse and play then on Long term ROI you will see that you are in good profit.

Hatcher

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For the majority of people, trading is gambling. To make money trading you have a demonstrable advantage going into it. Namely: insider info, market cornering (See: Ripple, DASH), or arbitrage trading.

"Trading signals" and "trends" that so-called experts like to refer to are most likely hunches that point more towards gambler's fallacy than actual useful information. A developing trend or pattern can be broken at any time without being fully realized, and it is the market makers (those that actually do have an advantage) that can make a good estimation on how things will play out. Not you.

-EV game, unless you know for certain that you have an advantage. Still better than playing dice, though.

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Quote from: GreenBits on January 20, 2017, 04:20:29 AM

Quote from: mk3000 on January 19, 2017, 07:43:55 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?

Trading is required your skill to predict prices of your choosed crypto currencies or currency but in gambling its need your luck if your are a lucky person you have a big chances of winnings.They are more differences of trading and gambling but this is the summarized of it.

yeah your right, gambling depend how lucky you are, but trading you need to analyze it first to get profit..

MFahad

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I realize who do trading and gambling on the same time, than they feel both are same and they think trading like gambling.
But in fact both have differences to analysis, methods and the way of working.
In trading we are buying coins and our cash still save and if we have lose than in the end of trading we have a chance to cover our lose.
But about gambling, when we lose than it is clear lose of money.

Kevin77

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Quote from: xFiber on May 19, 2017, 01:36:41 PM

Quote from: gribble on May 19, 2017, 12:45:04 PM

Quote from: Stavri on May 17, 2017, 06:14:15 AM

Trading is gambling if you are newbie Grin

I like your opinions, i hope you did not kidding Grin

because usually the new peoples who started trading altcoins (it is me)
when buy the altcoins depend on the lucky (hope it will be the price going up),
but the old traders they open buy or sell depend on the strategy, rules of trading that gives good profit every activity of trading
so they are always make good money from trading.

You should never depend on luck. Always do your research and trade coins you trust. It's not very hard. If you invest in a good established coin when it's in a dip you're almost guaranteed profits in the long run.

But when people go for trading by depending on their luck, they are failing to find the differences between trading and gambling. When people are not ready to spend their time for research and analysis for trading calls purposes, approaching trading in a way how they are gambling. So, the results also will be having no differences from what they do get from gambling.

Trading is in no way a gambling. But if people are approaching trading similar to gambling then there will be no difference between trading and gambling because trading may turn into gambling at any time as per our approaches.

xFiber

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Quote from: gribble on May 19, 2017, 12:45:04 PM

Quote from: Stavri on May 17, 2017, 06:14:15 AM

Trading is gambling if you are newbie Grin

I like your opinions, i hope you did not kidding Grin

because usually the new peoples who started trading altcoins (it is me)
when buy the altcoins depend on the lucky (hope it will be the price going up),
but the old traders they open buy or sell depend on the strategy, rules of trading that gives good profit every activity of trading
so they are always make good money from trading.

You should never depend on luck. Always do your research and trade coins you trust. It's not very hard. If you invest in a good established coin when it's in a dip you're almost guaranteed profits in the long run.

gribble

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Quote from: Stavri on May 17, 2017, 06:14:15 AM

Trading is gambling if you are newbie Grin

I like your opinions, i hope you did not kidding Grin

because usually the new peoples who started trading altcoins (it is me)
when buy the altcoins depend on the lucky (hope it will be the price going up),
but the old traders they open buy or sell depend on the strategy, rules of trading that gives good profit every activity of trading
so they are always make good money from trading.

deisik

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Quote from: stergium on May 19, 2017, 10:45:54 AM

Quote from: naidray on May 15, 2017, 01:02:46 PM

Quote from: AngelSky on May 15, 2017, 10:55:29 AM

Quote from: deathcode on May 15, 2017, 10:17:38 AM

Gambling is dependent only on luck where as trading is combination of skills and strategies and if you have that then you can make good profits at regular intervals and its much better way of making profits in compare to gambling where the chances of loosing money is too high.

Luck factor work in trading. Just consider you are buying huge number of bitcoin today and suddenly tomorrow bitcoin price increase 500$ means that's the luck factor. Even skill will also provide the way to be away from the scamming attempts.

Your example is not appropriately demonstrating the possibilities of usage of luck factor in trading because buying bitcoin today may possible through some strategy as well through luck. If you are buying bitcoin and not thinking about selling it and then you are getting good profits like $500 may happen even with strategies. I mean to say you are trading altcoin but suddenly to turn your focus into bitcoin and then you are getting $500 profits over night, now you may call the impact of luck in trading.

I agree that luck factor works even with trading, but for that reason calling trading as a type of gambling may not be appropriate imho

I don’t think that anyone in the field of trading will come to the market on a luck based trading system. In fact I have never seen such a person in trading who comes with all his capital and invest it without any prior research of the market. Those who do that are the gamblers because it is the feature of the gambling where people believe more in luck

I don't think either

But if we are to face the facts that's what most traders (especially wannabe traders) are doing anyway. They might employ some system but whether it is really different (in terms of results produced) from a simple coin flipping in most cases remains to be seen, though. It is easy to earn money when Bitcoin (or anything else, for that matter) is consistently rising, you just buy and simply wait till the price rises (then sell), and that would likely be the best trading system. But whether a system is really different from coin flipping (i.e. gambling) becomes evident when the market starts going sideways. As Warren Buffett would say, we will see who has been swimming naked

bitbob82

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Quote from: AK47- on May 16, 2017, 03:22:27 AM

In gambling player doesn't have any edge against competitor whereas in trading person has calculated the edge against competitor. Where gambling is mere game of luck, in trading, you minimize your risk and maximize your profit.

Yes I agree in business like trading the individual trading will come with a certain calculations and in other words we can say it with a strategy to how to invest and when to sell it back into the market. Also we have a calculated risk factor in the trading while in gambling you can’t do anything to reduce your risk on investment.

stergium

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Quote from: naidray on May 15, 2017, 01:02:46 PM

Quote from: AngelSky on May 15, 2017, 10:55:29 AM

Quote from: deathcode on May 15, 2017, 10:17:38 AM

Gambling is dependent only on luck where as trading is combination of skills and strategies and if you have that then you can make good profits at regular intervals and its much better way of making profits in compare to gambling where the chances of loosing money is too high.

Luck factor work in trading. Just consider you are buying huge number of bitcoin today and suddenly tomorrow bitcoin price increase 500$ means that's the luck factor. Even skill will also provide the way to be away from the scamming attempts.

Your example is not appropriately demonstrating the possibilities of usage of luck factor in trading because buying bitcoin today may possible through some strategy as well through luck. If you are buying bitcoin and not thinking about selling it and then you are getting good profits like $500 may happen even with strategies. I mean to say you are trading altcoin but suddenly to turn your focus into bitcoin and then you are getting $500 profits over night, now you may call the impact of luck in trading.

I agree that luck factor works even with trading, but for that reason calling trading as a type of gambling may not be appropriate imho.

I don’t think that anyone in the field of trading will come to the market on a luck based trading system. In fact I have never seen such a person in trading who comes with all his capital and invest it without any prior research of the market. Those who do that are the gamblers because it is the feature of the gambling where people believe more in luck.

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Quote from: bouren on May 15, 2017, 11:31:47 AM

Gambling is a situation involving exactly 50-50 chance of getting either success or failure. Now if you succeed to change 50-50 to even 51-49 through your skills, past experience, knowledge, education, etc. then it no longer remains gambling. It becomes special class of investment called trading which involves speculation about trading items based on skills and knowledge.

Well yes and this is actually the extreme state either you win or you lose there is no other way to lose a little of it or to win a portion of it. This is the situation where you have no other moderate option and this is why I try to make it sure to you people that being on the extreme on any level is not good for one.

bitcoinisbest

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Quote from: Stavri on May 17, 2017, 06:14:15 AM

Trading is gambling if you are newbie Grin

Well this may not hold true because everyone is a newbie for the first time to start, as no body comes on earth with experience. So if you trade and if you are a newbie its a experience of trading which is totally different form gambling newbie because even after having experience in gambling you are still a gambler while in trading you become a professional trader.

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Quote from: qiwoman2 on May 17, 2017, 02:09:38 PM

Trading takes a lot more skill and calculated risk than the random gambling in the casino. Although there are skilled gamblers, still the Casino always has the edge. In trading, you have more variables and also you have market manipulators as well. It's more complex but still is high risk so is akin to gambling in that respect.

Might be calculated risk is the thing which will differentiate trading from gambling. Risks are common for both trading and gambling still in trading we may control our risks whereas gambling is subject to lose all the bankroll even in a minute itself. Trading is controllable whereas gambling is beyond our control. Trading is not gambling but we can find many common aspects.

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Quote from: basesaw on May 17, 2017, 10:36:30 PM

trading is not gambling. we know that trading is different from gambling because in trading you are just investing your money to a certain thing. while trading you are risking your money in a game where you can win in just your luck. trading needs patience and education about a certain thing.

I think you put a wrong term for gambling and you put trading again instead. In gambling it is very risky because it is unpredictable and you can't tell the possible results because the game cannot be predicted or if you are betting then the system is still unpredictable while trading is a good source of income because of the news and charts you can possibly predict the next price movement.

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trading is not gambling. we know that trading is different from gambling because in trading you are just investing your money to a certain thing. while trading you are risking your money in a game where you can win in just your luck. trading needs patience and education about a certain thing.

Xenophoto

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Quote from: qiwoman2 on May 17, 2017, 02:09:38 PM

Trading takes a lot more skill and calculated risk than the random gambling in the casino. Although there are skilled gamblers, still the Casino always has the edge. In trading, you have more variables and also you have market manipulators as well. It's more complex but still is high risk so is akin to gambling in that respect.

Skilled gamblers only play person vs person games such as poker. There's no skill involved in betting in dice games at all and people rely solely in luck there. The market is open to everyone and that makes trading risky. Anyone can come in and go of the market. A whale can enter the market, and pump the price but on the other hand, a whale can also pull out his investment and dump the market. We have no other option but to hope that you buy before the whales come and get out before the whales leave the market.

Diced90

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Get'em boys

I honestly think they are almost the same you bet on outcomes you have no control of and both will rely on luck.
Then comes speculation which separates the two as it affects trading greatly and not gambling.

Quote from: mk3000 on January 19, 2017, 07:43:55 PM

How different is trading from just gambling? I know there seems to be a big difference with technical analysis and what not, but in the end aren't you just betting on something completely random?

when you compare sports gambling to trading both require a technical approach to land you some money which isn't random unlike casino games with in most cases do not require technical analysis other than guess work

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Trading takes a lot more skill and calculated risk than the random gambling in the casino. Although there are skilled gamblers, still the Casino always has the edge. In trading, you have more variables and also you have market manipulators as well. It's more complex but still is high risk so is akin to gambling in that respect.

Topic: How is trading *not* gambling? - page 7. (Read 23340 times)

Topic: How is trading not gambling? - page 7. (Read 23340 times)