I am only trying to stay safe by gambling less - page 11.

savetheFORUM

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Quote from: nullama on June 04, 2023, 02:46:14 AM

Quote from: TheGreatPython on June 02, 2023, 02:39:03 AM

~snip~
Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Yeah, but also in trading you need to consider the trading fees you need to pay to the platform, plus any capital gains tax that you might get.

So, even if you manage to get a winning by trading, there's lots of costs associated with it, which don't apply in gambling as there's no transaction fees or taxes involved.

Trading fees and taxes don't take away much from the profit that you earn from trading, exchanges usually charge maybe about 0.25% or even less for each trade that you make as a taker, and when you are trading as a maker which means you are not selling or buying at the market price, you are not even charged for the trade, at least that is how it works on Binance and it is the largest centralized exchange out there.

Considering that, I still don't feel that gambling and trading should be compared as they are too different from each other by nature. You might call investing in meme coins and useless tokens a gambling but that is a totally different thing.

Cryptmuster

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Quote from: gabbie2010 on June 04, 2023, 05:50:59 AM

Majority of gamblers who knows little about Bitcoin are of the opinion that when Bitcoin pumped massively and hodlers and investors who earned some decent profits are considered gamblers as well because they were not enlightened and informed on how cryptocurrency works, an experience crypto trader with full knowledge of charting skills and pattern is far better than a gambler whose chances of winning a bet is 50:50, price chart patterns repeat itself at some strategic zones like resistance and support zone as well as demand and supply zone this are zones where price reversal is imminent .

You know, gambling is also not always 50/50, if you are good at betting, then your chances will be higher. I do not consider myself a good gambler, but if we compare my results in gambling and trading, then trading brings me much better results. However, now I trade much larger amounts, so the result is much higher. With proper knowledge, you can earn in both directions, but in the end you will choose the one in which the earnings will be greater.

Shinpako09

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Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

gabbie2010

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Quote from: TheGreatPython on June 02, 2023, 02:39:03 AM

Quote from: ThemePen on June 01, 2023, 12:15:47 AM

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Majority of gamblers who knows little about Bitcoin are of the opinion that when Bitcoin pumped massively and hodlers and investors who earned some decent profits are considered gamblers as well because they were not enlightened and informed on how cryptocurrency works, an experience crypto trader with full knowledge of charting skills and pattern is far better than a gambler whose chances of winning a bet is 50:50, price chart patterns repeat itself at some strategic zones like resistance and support zone as well as demand and supply zone this are zones where price reversal is imminent .

xSkylarx

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Quote from: tusandii on June 04, 2023, 03:24:42 AM

Quote from: TheGreatPython on June 02, 2023, 02:39:03 AM

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

But again there are really people that relying on gambling as they are really winning from it but again not all can do this because they are not as lucky as to others and also gambling is really for entertainment. Back to those people who are having a profit on it , I am just amazed that they could win but again they are still not immune to losses but the fact that they are still making a living on it is unimaginable

Mr. Magkaisa

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Quote from: TheGreatPython on June 02, 2023, 02:39:03 AM

Quote from: ThemePen on June 01, 2023, 12:15:47 AM

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

- Crypto trading has never been the same as crypto gambling. The only people who say it's the same are people who don't have enough knowledge of what he's talking about. It is proven and tested that crypto trading can be said to be a source of income daily.

This is if you understand how to read a chart on a graph or know how to use trading tools. Because if it's just based on a guess or maybe it's just for sure in the end it will only lead to losses often every time a trading activity is conducted.

tusandii

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Quote from: TheGreatPython on June 02, 2023, 02:39:03 AM

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

I agree with you, are clearly different and the only thing in common is that they both have the same risk of losing money.
But for gambling we cannot ensure or guarantee to win and get some profit because certainty in gambling only defeat is very different from trading where profits are very influential from ourselves, can we place prices to buy and sell correctly so that in trading profits and losses centered on ourselves.
But it seems that more people believe that gambling can be relied on more to make a profit than having to trade.

michellee

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Quote from: TheGreatPython on June 02, 2023, 02:39:03 AM

Quote from: ThemePen on June 01, 2023, 12:15:47 AM

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

That's an advantage for someone who can trade because it would be better than if they used their money to gamble. They can get the desired profit and even if the market conditions are not good, they can still find coins to trade.

Meanwhile, gambling can be difficult for them to win because, as we know, we can only win if we are lucky. Even worse, many of us still play gambling and hope that we can be lucky to get lucky that can help get big wins.

Gambling will give the biggest profit to the casino, whereas the gambler can only get a fraction of the profits. But not many gamblers can stop after getting a win instead, they will continue playing to get another win.

nullama

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Quote from: TheGreatPython on June 02, 2023, 02:39:03 AM

~snip~
Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Yeah, but also in trading you need to consider the trading fees you need to pay to the platform, plus any capital gains tax that you might get.

So, even if you manage to get a winning by trading, there's lots of costs associated with it, which don't apply in gambling as there's no transaction fees or taxes involved.

TheGreatPython

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Quote from: ThemePen on June 01, 2023, 12:15:47 AM

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Apart from holding, someone who has knowledge and experience about the market and how cryptocurrencies work, and how their prices move as can be determined by reading the charts and doing technical and fundamental analysis, can earn profits by trading cryptocurrencies on a daily basis if you have a good enough capital in your hands.

So gambling is definitely not the same as trading because, in gambling, every bet gives you only a 50% winning chance or maybe even less since there is also a house edge which gives the house an advantage of a few percent.

Rengga Jati

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

We can get various valuable experiences not only from our own experiences but also from others, especially those around us. because indeed from this real experience it will provide various lessons so that we become better, alert, wise, and also under-control in doing or deciding something.

If it is related to our efforts to be more careful in gambling, then in my opinion this is a natural thing. Because we understand the risks of gambling, especially if you are already addicted. Gambling is not entirely wrong or bad, but our nature and abilities are sometimes not able to control and understand what to do when gambling, the best thing, and with high enough emotional control and desire. Here, gambling may be somewhat different from investing, because usually, the right investment is to do various research on whatever we are going to invest. This is not something that is short or just going along with it, but it is something that we really understand. Because of this, it takes time to better understand when to stop, or just to be able to control yourself so that you don't continue too easily.

Silberman

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Quote from: madnessteat on June 01, 2023, 12:19:07 AM

Most gamblers come back to the casino for the winnings, because this process causes a release of adrenaline, serotonin, dopamine in the blood, which has a very strong effect on human well-being. Even a small win can lead to the release of these substances. Investments are also able to cause the release of these substances into the blood, but unlike casinos, the intervals between such emissions will be much longer.

Which is why it is important to be aware of the process which is taking place in our brains as a way to stay safe, after all who has not obtained a feeling of invincibility after we win an improbable bet or we win a lot of money with a trade? That feeling if we are not careful can be intoxicating and could lead us to look for it over and over again without any regard to the consequences, and this kind of behavior is incredibly dangerous and most of the time it can lead to an addiction.

Fredomago

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Quote from: ThemePen on June 01, 2023, 12:15:47 AM

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

If you understand well how trade works and you execute your position the right way, then we can say that it's really far from doing gambling, we can't generalize things as trading mostly for people who invest time to learn more about the market while with gambling they mostly trying to make an easy access to double their money, not all though as there are responsible gamblers we can't put them to this mentality, but most of the time gamblers are really aiming for quick outcome even it's a high-risk venue to lose your money than making a decent profits.

madnessteat

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Quote from: Bitcoin_people on May 31, 2023, 09:16:02 PM

The most popular platform in the current digital age is the gambling platform. I am not that much addicted to gambling but my friends gamble constantly and face losses sometimes gains. Those who are unemployed spend their only time gambling in these casinos and lose a lot of money in the hope of making a small profit. If a person starts gambling with small amount of money for fun then it gradually becomes addiction in future. When you bet a small amount of money, if there is a loss, then you increase the amount of money to make up for that loss. And later after becoming addicted to gambling and borrowing money from different places, it becomes very difficult to overcome gambling addiction. I fell into this kind of gambling addiction for a few days but it was with great difficulty that I brought myself back from that addiction.
I think investing in bitcoin seems to me to be an easier method than losing money by gambling. However, investing in Bitcoin can be much more profitable than gambling at one time. So instead of wasting money gambling, I bought bitcoins and kept them for investment and hold them for a long time.

Most gamblers come back to the casino for the winnings, because this process causes a release of adrenaline, serotonin, dopamine in the blood, which has a very strong effect on human well-being. Even a small win can lead to the release of these substances. Investments are also able to cause the release of these substances into the blood, but unlike casinos, the intervals between such emissions will be much longer.

ThemePen

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I stand with Palestine.

First of all you have done a good job by refusing them. I don't know why they are saying these two waysa s same. Because trading and gambling are two separate paths. In gambling you have the 99% chance of loosing money. But here in trading you can hodl the Bitcoin and can get profit. In trading you can hold a trade but in gambling you can never hold a bet. So these two things are totally different.

Bitcoin_people

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The most popular platform in the current digital age is the gambling platform. I am not that much addicted to gambling but my friends gamble constantly and face losses sometimes gains. Those who are unemployed spend their only time gambling in these casinos and lose a lot of money in the hope of making a small profit. If a person starts gambling with small amount of money for fun then it gradually becomes addiction in future. When you bet a small amount of money, if there is a loss, then you increase the amount of money to make up for that loss. And later after becoming addicted to gambling and borrowing money from different places, it becomes very difficult to overcome gambling addiction. I fell into this kind of gambling addiction for a few days but it was with great difficulty that I brought myself back from that addiction.
I think investing in bitcoin seems to me to be an easier method than losing money by gambling. However, investing in Bitcoin can be much more profitable than gambling at one time. So instead of wasting money gambling, I bought bitcoins and kept them for investment and hold them for a long time.

nullama

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Quote from: serjent05 on May 28, 2023, 07:47:45 PM

~snip~
We should stay disciplined and have control on our gambling activities in order to avoid gambling addiction. We must control the urge and have time limit in our gambling activities else we might get hooked and unknowingly fall to gambling addiction if we don't moderate our activities.

Yeah, it's a tricky thing to gamble responsibly. Many people do it though, but the few that can't end up losing all their money.

It's a massive issue in some countries.

serjent05

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Quote from: nullama on May 28, 2023, 07:16:23 PM

Quote from: Silberman on May 27, 2023, 11:16:18 PM

~snip~
One thing I have noticed is that those limits not only help you to better manage your time and money, but they can also aid to your fun, I say this because when I occasionally play a video game I noticed that if I do so for too long I get easily bored, however when the time I spend playing is on the short side this in fact increases my fun, as by limiting myself in this way I look forward to the next time I will be able to play.

The thing is that it gets more difficult when you actually continue to have fun all the time, unlike your case. Say you're playing for hours and it's the same or more fun, it's hard to simply quit.

There might be a reason why it is hard to quit. I do not think that it is the fun that make it hard for a gambler to quit but rather the desire to get a huge win. So he chases winnings and uses the whole of his bankroll to achieve it. Sadly more often than not player got busted than hitting that huge win. So better to observe the situation carefully and have a logical thinking if it is worth continuing or quitting and returning back after some day.

Quote from: nullama on May 28, 2023, 07:16:23 PM

But I agree that it's the best thing you can do, because getting addicted, to anything, is actually quite bad for you, no matter what it is. The way the brain works can be used for good or bad, depending on how you use it.

We should stay disciplined and have control on our gambling activities in order to avoid gambling addiction. We must control the urge and have time limit in our gambling activities else we might get hooked and unknowingly fall to gambling addiction if we don't moderate our activities.

EdenHazard

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Quote from: nullama on May 28, 2023, 07:16:23 PM

Quote from: Silberman on May 27, 2023, 11:16:18 PM

~snip~
One thing I have noticed is that those limits not only help you to better manage your time and money, but they can also aid to your fun, I say this because when I occasionally play a video game I noticed that if I do so for too long I get easily bored, however when the time I spend playing is on the short side this in fact increases my fun, as by limiting myself in this way I look forward to the next time I will be able to play.

The thing is that it gets more difficult when you actually continue to have fun all the time, unlike your case. Say you're playing for hours and it's the same or more fun, it's hard to simply quit.

But I agree that it's the best thing you can do, because getting addicted, to anything, is actually quite bad for you, no matter what it is. The way the brain works can be used for good or bad, depending on how you use it.

This can be tricky, always.

You know that to really feel the fun in gambling is by beating the greed at the end of the time you win the game! To have less times to gamble might make you trained to quit at the right time and having a real good fun in it .. as you says .. it's depends on you , which one to choose? Beating the greed or feed them.

nullama

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Quote from: Silberman on May 27, 2023, 11:16:18 PM

~snip~
One thing I have noticed is that those limits not only help you to better manage your time and money, but they can also aid to your fun, I say this because when I occasionally play a video game I noticed that if I do so for too long I get easily bored, however when the time I spend playing is on the short side this in fact increases my fun, as by limiting myself in this way I look forward to the next time I will be able to play.

The thing is that it gets more difficult when you actually continue to have fun all the time, unlike your case. Say you're playing for hours and it's the same or more fun, it's hard to simply quit.

But I agree that it's the best thing you can do, because getting addicted, to anything, is actually quite bad for you, no matter what it is. The way the brain works can be used for good or bad, depending on how you use it.

Topic: I am only trying to stay safe by gambling less - page 11. (Read 2882 times)