Topic: How much gambling is in trading cryptocurrencies? (Read 990 times)

That is the thing, when you know what you shouldn't do, but you have a vague idea of what you should do, some people go with what they shouldn't do because it's the devil they know. I mean it's clear that you shouldn't do copy trading and that would make sense that in the long run it would ruin all of your life if you just trust one person with all your future profits, and that person could ruin it for you.

However, if you know what you are doing then you should be doing fine and nobody should be bothering you. Obviously it's not going to be that easy, because if you do not do futures, or copy, then what do you do and how you make a profit? That becomes the burden.

currently many people are making money with futures trading, and with copy trading, the truth is that in my personal opinion I would not do it because I do not have much knowledge in short-term trading and it is somewhat delicate, because trading in the short term or what they call "scalping" is something very risky and I think that if things go wrong trading in futures with looting, risking a lot, you can lose everything and burn the account, then this is something that I would not recommend, unless the person craq eu is sufficiently well prepared to do it, but with the indicated lottery and not start inventing, I have seen friends who have burned their accounts.

Low risk or high risk, the gambling element is still there because cryptos are unpredictable even if analysis is already applied. Gambling or trading, it is possible to earn more even if the stake is only small because we can still work it gradually to make it bigger.

In cryptos, we have risky coins but the reward for them is high. We can invest small amounts on them and if we get lucky, we can earn more. In gambling you can bet in high multipliers using smaller bets and earn huge as long as you get lucky on hitting them. @SweetL0u some trading platforms have built their own token and once you avail them, it can give you a discount in trading fees so fees in trading isn't really a concern.

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

When you want to make profit quick then you can be gambling because you will be hasty without proper analysis and this is the challenge of newbie or any other trader who can not hold emotions. Jumping in and out can be looked as gambling but trading is not gambling to be precise.


Getting rich quick syndrome is the first way to failure in trade. If a trader has this mentality, he can't even subject himself to training. Training is for people who have passion if you don't have passion you can't have that time to check in training to know why your trade was not profitable rather than they want to rely on copy trading.

I get your points but trading isn't gambling especially when you know what you're doing. Trading at some points might seem to be gambling to most especially newbies who just want to make millions or possibly double that trading capital at the instance which at the end leads to destruction at last.

I always advice people to treat trading as a business rather than a get rich quick scheme and just expect to make millions over night without all the necessary processes engaged.
I think people should invest more time in learning first before jumping into the market and as well as work on their emotions and greed level to attain a great height as those are the major determinants of successful trading.

But the OP’s question is different. He doesn’t want to know what is the best trading? Nevertheless as mentioned earlier, if you trade with high risks then it can consider as gambling. As in gambling we risk more to earn more.
Similarly if we trade an asset which has a low chance of getting success, then it’s nothing but pure gambling. If you trade with limit and with solid stable coins, then the risk factor involved will be less and profits earned from it will also be low. Hope this clears your doubt OP.

In gambling, we play and for entertainment but the risk is too high since we don't have the means to control it while in trading, we have the option to choose the profitable and potential coin and could make our path by acquiring skills which is an edge against huge losses. Trading is challenging since the market is volatile but if we know how to apply the basic strategies, we could gain the profit that we're aiming for.

Even bitcoin was a gamble at the beginning but it has shown that if you buy something that may have value in the future and have the patience to hodl it will either moon or just fizzle out.

Making losses is probably one of the things that can't be eradicated from the market but can be reduce by traders and investors.

 - I just have a question for you mate, when you hear the word "Gambling" what immediately comes to your mind? don't you bet something that you think you will win and can double or more the money you have or maybe you think you are lucky today, right?

Now when you hear the word "Trading" what comes to your mind? You can have goods or assets that you want to exchange at the price you want, and there is physical and online trading.

In short, gambling cannot be combined with trading. Because if you have that mindset, it only means one thing, you want to do crypto trading because you think you might get lucky in the cryptocurrency industry. The thought that these coins might pump up or might fall completely, then I would buy them to make a profit. So you think that crypto trading is also gambling.

Please correct me if I misunderstood OP the topic you made here, Good day

But the OP’s question is different. He doesn’t want to know what is the best trading? Nevertheless as mentioned earlier, if you trade with high risks then it can consider as gambling. As in gambling we risk more to earn more.
Similarly if we trade an asset which has a low chance of getting success, then it’s nothing but pure gambling. If you trade with limit and with solid stable coins, then the risk factor involved will be less and profits earned from it will also be low. Hope this clears your doubt OP.

The problem with cryptocurrencies trading are the fees, it makes it a lot more difficult to be profitable in the long run. That's why I prefer the simple method of buying BTC and Eth on a regular basis and hold for the long term.

Hi,

Recently I began to wonder if crypto trading couldn't be perceived as gambling by its pure form. I know that we have here enthusiasts of crypto trading but I hope we can take it cool and try to think of it reasonably. Having this conversation might be helpful not only for beginners but also for more advanced traders. By saying that I mean people who trade longer, not necessarily who gain more profit.

First of all, I must say that by no means am I trying to state here one and only truth. This post is rather a bunch of my own thoughts which I would like to share and develop.

The question arose when I was trading during one of my daily session and it was neither good nor bad as for the closing balance sheet. The problem was that I was using my limited knowledge and at that point all I was doing was like trying to find something elusive. I knew it was there but couldn't really predict anything. The best metaphor I can find is pretending to be a doctor and curing people without having a clue about medicine. What it implies is that you can't be a good doctor without studying huge amounts of material and reviewing multiple case studies. Before you reach a certain level, you can easily hurt people or hurt your wallet.

This is where I come to the conclusion that for most of people who trade, trading is just a gamble. Sometimes they win, and this is where legends are born most of the times. Sometimes they lose, what happens more often. In general we are lured by huge and rapid wealth and such desires are addictive, especially if you succeeded a couple of times. Only few are determined enough to reach a level of proficiency before losing it all - money, hope and a touch of reality.

It sounds depressive as I read it but this is how I see this.

Even those for whom might refer to themselves as professional traders, they still encounter loses frequently as much as they make profit. No matter how professional you might be, making some loses is just a part of the business.

You might have your analysis and evaluations all lined up to help you at a better prediction of what direction the market might turn and that involves accepting the outcome whenever it doesn't go in your favour.

At that level, one could be said to have gambled on his or her options even though it was as a result of some analytical evaluation.

Well I consider that taking risks is something that everyone should take at some point, in the case of traders they are always taking risks, sometimes they win, others they lose, but I think the main thing is to win or have at least a positive balance after all, if a trader wins even 1 usd, but loses less than 1 usd and makes another trade and wins 2 usd, the important thing is that he is forging himself in a very good way to be profitable and that is something that costs a lot However, the ones that achieve it are very few, I would say that of 100%, 20% is profitable and they live from trading, for me that is what happens.