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Topic: How is trading *not* gambling? - page 8. (Read 23340 times)

sr. member
Activity: 443
Merit: 250
May 17, 2017, 11:38:32 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?
According to me Trading is never be like Gambling Because Gambling is just a shit game of luck in which you invest your money on the basis of your luck and the results depends upon your luck but In Trading you can use your knowledge and experience in knowledge to Invest your money in those Coins which will give you better returns of your money invested.
I agree hajimasan, if you trading not have plan or calculate technically, this is look like gambling, because you wait your lucky and bet your money on it. But when you are a trader, you need have a plan long-term or technical analysis good, set your profit-making and cut-off points, and manage your capital closely so that you will be an investor, not a gambler.

member
Activity: 84
Merit: 10
May 17, 2017, 11:11:11 AM
For the majority of people it is gambling, but people with experience are able to get positive expected returns so it becomes a relatively stable source of income for them. The problem is the majority of traders are noobs who do even worse than they would in a fair gamble.
hero member
Activity: 882
Merit: 500
May 17, 2017, 10:59:05 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?
According to me Trading is never be like Gambling Because Gambling is just a shit game of luck in which you invest your money on the basis of your luck and the results depends upon your luck but In Trading you can use your knowledge and experience in knowledge to Invest your money in those Coins which will give you better returns of your money invested.
legendary
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
May 17, 2017, 07:08:49 AM
I think you are asking if they are technically the same,
in regard that you are betting on certain outcome,
and the answer to this question is YES.

But here's the difference, explained in simplest way possible:

-When you go to casino, you are gambling, because the house
have mathematical edge over you, and in the long run it is impossible
for you to win - that is why they are doing everything in their power
to keep you playing as longest they can.

-On the other hand, the house, you may say is taking bet (or trade) against you,
and because they have mathematical edge in every game they are not gambling - they are trading.

On market, people who make money are trading, others gamble,
and former ones are calling them pigs, because they come to get (financially) slaughtered.

Yeah, bulls make money, bears make money, pigs get slaughtered

That said, casinos (if we talk about more or less honest casinos, of course) don't distinguish between experienced gamblers and novice ones. No matter how skillful you are (if the notion of skill is ever applicable to dice games), you will face the same house edge. In trading and still more so in Bitcoin trading (which is essentially a zero-sum game as I said before), experienced traders and still more so those who are able to milk the market in one way or another necessarily take away chances from generic folks (since it is a zero-sum game), and the latter might have to face what could be loosely called a "house edge" by far exceeding that of a typical casino. Novice traders should never forget this nasty side of trading (and Bitcoin trading specifically)
sr. member
Activity: 980
Merit: 275
May 17, 2017, 06:14:15 AM
Trading is gambling if you are newbie  Grin
newbie
Activity: 19
Merit: 0
May 17, 2017, 06:01:07 AM
I think you are asking if they are technically the same,
in regard that you are betting on certain outcome,
and the answer to this question is YES.

But here's the difference, explained in simplest way possible:

-When you go to casino, you are gambling, because the house
have mathematical edge over you, and in the long run it is impossible
for you to win - that is why they are doing everything in their power
to keep you playing as longest they can.

-On the other hand, the house, you may say is taking bet (or trade) against you,
and because they have mathematical edge in every game they are not gambling - they are trading.

On market, people who make money are trading, others gamble,
and former ones are calling them pigs, because they come to get (financially) slaughtered.
jr. member
Activity: 73
Merit: 4
May 17, 2017, 05:44:46 AM
Trading is gambling if you go in to trading with no research... So please don't gamble, except if you want to. lol

I wish you good luck, to everybody, traders and gamblers Smiley
hero member
Activity: 2912
Merit: 629
May 17, 2017, 05:36:57 AM
Maybe trading is like gambling because you are betting on coins randomly and both are risky, I think the only difference is that in trading if you'll lose on that certain coin you are not entirely on loss because if you'll hold it for a couple of months or if you want years surely it'll profit (not unless if the coin will be diminished) anyways its just an example. Whereas in gambling, once you bet all of your BTC and you lost on that bet, you can't get your BTC back.
Right, although both is risky there is difference between the two, for me trading is way better than to gamble your money, in trading you are the one to decide where you want to invest your money, you can choose what coins and you can somehow predict if it has potential to hold while in gambling its about luck no assurance of winning.
sr. member
Activity: 812
Merit: 253
May 16, 2017, 09:25:14 PM
Maybe trading is like gambling because you are betting on coins randomly and both are risky, I think the only difference is that in trading if you'll lose on that certain coin you are not entirely on loss because if you'll hold it for a couple of months or if you want years surely it'll profit (not unless if the coin will be diminished) anyways its just an example. Whereas in gambling, once you bet all of your BTC and you lost on that bet, you can't get your BTC back.
hero member
Activity: 2478
Merit: 644
Eloncoin.org - Mars, here we come!
May 16, 2017, 01:21:38 PM
Trading and gambling were the best earning accessibility that users get, but the same has got the highest risk. People prefer trading more than gambling. This is because of an particular reason from my opinion. With trading people just buy and sell gaining profit or loss based on pumping and dumping. With gambling the luck decides our profiting.

Yes, you are giving valid reasons, only one thing between same and that is Risk.
And also it is true, people prefer trading than gambling, Even every gambler prefer trading than gambling.
Also it has mean no one think that trading and gambling same thing.
But in trading our coins on our hand and we can adjust our lose into our profit.
But in gambling, if we lose than its mean, we have lose, no chance to recover the lose.
full member
Activity: 355
Merit: 100
Gric Coin - Redefining Agriculture and Increasing
May 16, 2017, 12:20:27 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 simply exchanger one currency to another currency. It's not a gambling since you didn't put your money at stake that you can lose or win. in the other hand, gambling has only two result, it's either you win or lose. As I gamble, I build speculation in my mind and use my instinct in deciding which bet I should go.

Uhmm. Actually, it's almost like gambling. Have you tried trading anything? Once you bought a coin, you're basically just waiting for your fate if you're going to earn or not. Same as gambling, there's only two results in trading (and all other investment types), you either win or you lose.

Trading is not just exchanging a currency to another. You have to do it in a way that you'll earn money. Simply converting without any plan or without any effort on studying the market is purely a gamble since you're basically just converting and converting money with just random luck that it will yield profit when you converted.
You're so confusing. Your statements disagree to each other. As you said that trading is exchanging of one currency into another currency and it must be done with plan or studying, then it's not like gambling anymore. The concept of gambling is to make a bet, which in trading we don't make a bet.
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
May 16, 2017, 11:57:09 AM
Trading is absolutely different from gambling in trading a trader  will learn the fundamental and technical aspects of trading. A seasoned trader uses japanese candlestick pattern to accurately predict price movement although some losses might accrued  notwithstanding it is  far better than gambling which is 50:50.
legendary
Activity: 1008
Merit: 1059
May 16, 2017, 10:59:53 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 is simply exchanger one currency to another currency. It's not a gambling since you didn't put your money at stake that you can lose or win. in the other hand, gambling has only two result, it's either you win or lose. As I gamble, I build speculation in my mind and use my instinct in deciding which bet I should go.

Uhmm. Actually, it's almost like gambling. Have you tried trading anything? Once you bought a coin, you're basically just waiting for your fate if you're going to earn or not. Same as gambling, there's only two results in trading (and all other investment types), you either win or you lose.

Trading is not just exchanging a currency to another. You have to do it in a way that you'll earn money. Simply converting without any plan or without any effort on studying the market is purely a gamble since you're basically just converting and converting money with just random luck that it will yield profit when you converted.
legendary
Activity: 3430
Merit: 1280
English ⬄ Russian Translation Services
May 16, 2017, 04:36:23 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 is simply exchanger one currency to another currency. It's not a gambling since you didn't put your money at stake that you can lose or win. in the other hand, gambling has only two result, it's either you win or lose. As I gamble, I build speculation in my mind and use my instinct in deciding which bet I should go.

I guess this is farther from truth that you may think

Trading is certainly not just an exchange of one currency for another currency as you innocently assume. It is an exchange which aims specifically at earning profits via a sequence of such exchanges (known as "buy low, sell high"). And since you can either lose or earn as a result of this process, you still have to face the same dilemma as in gambling, i.e. "it's either you win or lose"
sr. member
Activity: 812
Merit: 262
May 16, 2017, 04:01:05 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 is simply exchanger one currency to another currency. It's not a gambling since you didn't put your money at stake that you can lose or win. in the other hand, gambling has only two result, it's either you win or lose. As I gamble, I build speculation in my mind and use my instinct in deciding which bet I should go.
sr. member
Activity: 644
Merit: 250
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.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
May 16, 2017, 01:00:24 AM
Trading and gambling were the best earning accessibility that users get, but the same has got the highest risk. People prefer trading more than gambling. This is because of an particular reason from my opinion. With trading people just buy and sell gaining profit or loss based on pumping and dumping. With gambling the luck decides our profiting.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
May 16, 2017, 12:50:26 AM
It ceases to be gambling when you try to move the odds a bit in your favor by studying the coins/stocks/assests you are trading as well as the tecnhical indicators. you move the odds in your favor is better than gambling, if you do not succeed and keep moving the ods against you it is worst than gambling.
Trading is not a gambling because it is predictable and you can get profit by doing a good analysis while in gambling is not applicable. Odds in trading is better than gambling because there is a lot of things that can help you to be sure on making profits like technical analysis and also news that can help you to earn better profits rather than gambling.
sr. member
Activity: 686
Merit: 250
May 15, 2017, 04:31:28 PM
It ceases to be gambling when you try to move the odds a bit in your favor by studying the coins/stocks/assests you are trading as well as the tecnhical indicators. you move the odds in your favor is better than gambling, if you do not succeed and keep moving the ods against you it is worst than gambling.
sr. member
Activity: 378
Merit: 250
May 15, 2017, 03:44:46 PM
Trading is to invest your money in bussiness.If you buy the items in low price and trade it with higher price you earn money at a time.
Its not a gambling because u can earn in every items you buy.
Maybe you experience of no income but not at all times.
As you learn the process how to trade you can earn for every transactoin you make.so trading will not count as a gamling.

People who holds some skills will always prefer to invest their money in trading instead of going for gambling where the chances of making money are too low and no skills or strategies will help you out in gambling as your results will depend only on luck factor.
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