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.
You get things elusive in gambling while in trading you know there are products involved to be exchanged, one for another. I know the thought of people yolking trading and gambling as same will come from the feeling that both can't be touched or felt as tangible products. Those who truly trade know that trading isn't synonymous with gambling. It's buying and selling, simple. 
Topic: How much gambling is in trading cryptocurrencies? - page 5. (Read 990 times)
A lot, depending on your skill level and understanding of crypto. I personally believe that we shouldn't be really trading if we are newbies and have no understanding of how trading works. I have seen people who jump into 100x leverage trading as their first ever trade, can you imagine how stupid that move is?
I am sorry but if you do that, then you deserve to lose your money. The real move would be buying long term from low, wait for it to go up, use your profits to make riskier and riskier moves, but if you ever are not in profit, stop because it means you are about to lose money. Always take risks that you could afford, and realize how risky it is.
I am sorry but if you do that, then you deserve to lose your money. The real move would be buying long term from low, wait for it to go up, use your profits to make riskier and riskier moves, but if you ever are not in profit, stop because it means you are about to lose money. Always take risks that you could afford, and realize how risky it is.
Its all gambling because any coin can go from hero to zero.The best strategy is to just buy some bitcoin and hold it instead of trading.The only function of crypto trading is to get more bitcoin and the only thing thats real is the pump.
Trading is not all about Bitcoin, if you think like this probably you are just depending on the hype of Bitcoin and that can be consider as gambling. Trading is about analysis, if you didn't analyze then that is not trading for me. Gambling is more about luck which can relate to trading if you do it aggressively without analysis. We should not think about gambling because trading is different, and I see more passion and commitment with trading compare to gambling, some gambler didn't mind losing money while trader, they work hard to analyze and more confident about making profit.
It will be very bad for people to go into what they have no clues of or even pretending to be an expert instead deeping down their heads to learn and understand more important about what they are embarked on, initially those who don't know much about trading might slightly take it for gambling but I must say trading can't be compared as gambling rather but gambling is more risky.
Trading will become a sort of gambling if done in a risky and impulsive manner without planning. This is true for many users who have that mindset and are hoping for quick gains in short time.Spot trading is much less likened to gambling but options, futures and margin are. Too much day trading without knowing how it's done is also a gamble.
The point to maintain the line between the two and not cross that. Don't let trading become an obsession or an addiction.
It will be very bad for people to go into what they have no clues of or even pretending to be an expert instead deeping down their heads to learn and understand more important about what they are embarked on, initially those who don't know much about trading might slightly take it for gambling but I must say trading can't be compared as gambling rather but gambling is more risky.
Its all gambling because any coin can go from hero to zero.The best strategy is to just buy some bitcoin and hold it instead of trading.The only function of crypto trading is to get more bitcoin and the only thing thats real is the pump.
I somewhat agree to what you've said since I'm also a bitcoin holder and I want people to accumulate as many bitcoins as they can.But, that's not the only purpose of crypto trading. For us who likes bitcoin a lot, that's the purpose of it. When we win with our trades, we want to add more bitcoin to our bags.
While for the others, it's not how it's going to go because they've got some other purpose and they're not focused in adding more bitcoin as they trade.
There is a huge difference between trading and gambling. Though there is a thin line separating our actions to whether we are gambling in our trade or we are actually trading. After all it all goes on our preparation and knowledge about the stuff we are trading. If we are trading blindly, sure it is good as gambling but if we are doing analysis and research, it cannot be called gambling because our action is supported by our analysis and the chance of gaining profit is not random or not by chance. Of course, there are unknown factors in trading but they can be solved by gathering the right information. While in gambling, no matter how we gather information the result will always be random.
This thinking is true, there is nothing wrong with what you said. And it's true, in fact, there are many traders who do things like this.
How long we are traders cannot guarantee that we have been able to become professional traders or experts in trading. especially if we ourselves have not been able to analyze charts and find the most suitable strategy for us and understand sudden market developments and changes. Of course, without good knowledge, experience, and bad strategy, we will only rely on luck to get profits, otherwise, we will lose our money. This is especially true if we carry out trading activities on the Futures market and with leverage.
How long we are traders cannot guarantee that we have been able to become professional traders or experts in trading. especially if we ourselves have not been able to analyze charts and find the most suitable strategy for us and understand sudden market developments and changes. Of course, without good knowledge, experience, and bad strategy, we will only rely on luck to get profits, otherwise, we will lose our money. This is especially true if we carry out trading activities on the Futures market and with leverage.
Its all gambling because any coin can go from hero to zero.The best strategy is to just buy some bitcoin and hold it instead of trading.The only function of crypto trading is to get more bitcoin and the only thing thats real is the pump.
If you should define or labels it as gambling, do you know that is applicable to buying and selling of cryptocurrency and especially Bitcoin. I want you to comprehend that in any investment they most be a risks measure that is attached to it, bitcoin itself is also a risk, because it's something you buy and nobody knows when the value will depreciate. We could really apply some analysis into it which its clear and seeing its past that it does have that potential and this is where analysis could be applied which is something
opposing if we do talk about gambling.It might not be certain but at least you do have some idea on what you are doing.
Its all gambling because any coin can go from hero to zero.The best strategy is to just buy some bitcoin and hold it instead of trading.The only function of crypto trading is to get more bitcoin and the only thing thats real is the pump.
If you should define or labels it as gambling, do you know that is applicable to buying and selling of cryptocurrency and especially Bitcoin. I want you to comprehend that in any investment they most be a risks measure that is attached to it, bitcoin itself is also a risk, because it's something you buy and nobody knows when the value will depreciate.
Its all gambling because any coin can go from hero to zero.The best strategy is to just buy some bitcoin and hold it instead of trading.The only function of crypto trading is to get more bitcoin and the only thing thats real is the pump.
It depends on how someone understand trading, some people who are new into trading does not acknowledge that trading is not a gamblling, because from their perception they are seeing trading as gambling, but in normal sense trading is another definition of trading bitcoin as an exchange, and it's only the newbies who strictly make such utterance that gambling is similar or exactly like trading.
If people just buy randomly without doing any analysis, it's a gamble because they expect to guess the price to make a buy then or sell and most of them suffer a loss, although some of them can make a profit. But we can't always get profit by doing it this way, considering that market conditions and situations are always changing. This is where the importance of learning to analyze which is done continuously to improve our ability to trade and not many people can do this.
Trading is not only about buying a coin but it's also about how you initiate your trades. If you don't have a strategy then you won't likely succeed with it. When you buy a random coin, there is still a chance that you will earn something out of it as long as you know how to initiate your trades. Trading involves price guessing but we can guess in an educated manner because there are several tools that we can use.Analysis is easy to do but trading is more than analysis. We also need to learn how to deal with our emotions and other stuffs. Analysis is for all but trading isn't due to how complex it was. This is why many people got intimidated instantly whenever they hear the word trade.
Trading isn't gambling once you know your onions you are good to go, however trading becomes a gamble if you are trading blindly without any knowledge and skills required to beat the market that is very risky, there are full time traders who trades as a day job that attest to the fact that trading is not gambling, many traders utilizes TA to build their trading strategy which follows a definite rules before any trade can be executed and had been trading to earn profits consistently however, to attain that stage as a professional traders it's a lot efforts on studying and learning trading skills such as candlestick patterns, Price Action, e.t.c
It will become gambling if will you will not take it seriously i mean if you don't educate your self and just trading because of perspective that will give you good returns afterwards. Knowledge is a must! So be smart enough if you don't want trading to be a gambling form because its very risky tbh.
When we decide to trade it is very important indeed to have knowledge as well as skills,Basically trading is clearly different from gambling,
Trading is so complex that it can't just rely on luck alone
I think the point here is the act of gambling and not literally the gambling games. OP is just trying to point how risky crypto trading that almost like you are gambling your chances of winning. Crypto trading is a very hard profession due to its volatility which is why it’s always being incorporated in gambling nevertheless it’s really different in gambling since this is buying assets and hoping it will go high while gambling is just relying on chance to win.
It only turns out to be gambling if your trading basis on the cryptocurrencies has no ground whatsoever.. all depending on luck!
But if you trade using a strategy that you believe works and market isn't going in your direction then your strategy needs improving or more back testing is needed to perfect it. And besides it has to be stated that you won't always win as their are other factors out of our control that could affect price like new legislation, political influence, news etc.
But if you trade using a strategy that you believe works and market isn't going in your direction then your strategy needs improving or more back testing is needed to perfect it. And besides it has to be stated that you won't always win as their are other factors out of our control that could affect price like new legislation, political influence, news etc.
If you are still in the learning stage of trading, you can try to buy low using a little money to get to know the process and see if your analysis is working well or if you still need to learn more. But the process of learning to analyze will continue even though you are already a pro trader because the process will be like a lifelong process as long as you are still a trader.
That's the difference between trading and gambling because a learning process keeps us from buying randomly and can determine when to enter the market. But indeed, many traders do not analyze in detail and even use trading signals given by other people. This is where their fault lies because it would be like gambling. After all, they don't know why other people are giving the price to buy or sell.
That's the difference between trading and gambling because a learning process keeps us from buying randomly and can determine when to enter the market. But indeed, many traders do not analyze in detail and even use trading signals given by other people. This is where their fault lies because it would be like gambling. After all, they don't know why other people are giving the price to buy or sell.
Isn't life a gamble? It's always about changes and the chances and how you can get the most out of something when you have decided the right things to do and make sure you can accept that risk without pressuring yourself.
Well enough of that sentimental stuff. I think that every trade you do in the crypto market is a gamble and will make you realize how important making the right decisions with the proper risk management is. It will be a problem if you go all in and do not think about it too much.
Well enough of that sentimental stuff. I think that every trade you do in the crypto market is a gamble and will make you realize how important making the right decisions with the proper risk management is. It will be a problem if you go all in and do not think about it too much.
It will become gambling if will you will not take it seriously i mean if you don't educate your self and just trading because of perspective that will give you good returns afterwards. Knowledge is a must! So be smart enough if you don't want trading to be a gambling form because its very risky tbh.
When we decide to trade it is very important indeed to have knowledge as well as skills,Basically trading is clearly different from gambling,
Trading is so complex that it can't just rely on luck alone
Crypto trading has a structured price and buys the concept, whereas with crypto gambling you can speculate and will not over-test without requiring any special skills or knowledge. But the point is not there, because everyone also knows that today's trading falls into the minds of beginners after being stimulated by the wealth of other people generated from crypto trading. The bottom line is that crypto can lead you to gamble and can also lead you to trade depending on where you place the crypto description. I don't blame it all, because in the end beginners imitate what they don't achieve, accompanied by the absence of a mentor in every step they take. But gradually they will realize where is gambling and where is crypto trading over time.
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