Is Bitcoin Trading Gambling? - page 3.

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Quote from: emberbekas on January 21, 2018, 02:44:44 PM

Quote from: BillCoin on January 21, 2018, 12:56:49 AM

Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Bitcoin trading is the same as stock market trading, but involves higher risk.

The difference between trader and gambler is slim. Not all traders are willing and able to perform in-depth analysis before they plunge into the world of trading. It's easy to find traders who rely on luck only. And yes, trading is legal in most countries while gambling is the opposite.

I believe so.Bitcoin trading is definitely not gambling because you have to think first before you trade,and for sure you will not trade when the price is still low.The best time for it is when you see the price really gets higher so you can also make a profit out from your capital.But on the contrary gambling,you can make make it anytime you want.Yes it is mainly based on luck.And if you're not lucky enough,you will totally lose the game.

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It can be a form of gambling because you are wagering on a development team's ability to deliver the goods.

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Quote from: emberbekas on January 21, 2018, 02:44:44 PM

Quote from: BillCoin on January 21, 2018, 12:56:49 AM

Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Bitcoin trading is the same as stock market trading, but involves higher risk.

The difference between trader and gambler is slim. Not all traders are willing and able to perform in-depth analysis before they plunge into the world of trading. It's easy to find traders who rely on luck only. And yes, trading is legal in most countries while gambling is the opposite.

When it comes to legality then trading would suit it but there are gambling sites which are legal depending on which country they are operating.Coming back topic about the comparison trading which have been done by newbies is always like gambling because of lacking knowledge on doing it which is entirely the same as gambling.

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Quote from: BillCoin on January 21, 2018, 12:56:49 AM

Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Bitcoin trading is the same as stock market trading, but involves higher risk.

The difference between trader and gambler is slim. Not all traders are willing and able to perform in-depth analysis before they plunge into the world of trading. It's easy to find traders who rely on luck only. And yes, trading is legal in most countries while gambling is the opposite.

Findingnemo

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Quote from: gabmen on January 20, 2018, 08:44:54 AM

Quote from: crwth on January 20, 2018, 08:27:11 AM

Quote from: Utanjaran on January 20, 2018, 08:14:27 AM

From the word i'is known that trading is different from gambling. Trading is analysis based. While gambling is only a mere profit.

How could you say that gambling is a mere profit when you can lose everything? It's not always profiting because you could lose a lot of money. Trading definitely requires analysis but gambling could be analyzed as well with different strategies.

Probably it will depend on how you see gambling. Gambling can also define a trade since the end result isn't entirely on your hands. Yes you need to have the tools to have a better chance but at the end of the day, you're still not certain of a good profitable trade, hence its still in a way, a gamble. Unless you're a whale with enough btc to sway the movement of coins.

Gambling differs for every gamblers in the world so it is the on the way of people how they saw gambling so it is different for all people who invest in gambling .

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Quote from: BillCoin on January 21, 2018, 12:56:49 AM

Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Bitcoin trading is the same as stock market trading, but involves higher risk.

While trading stock and bitcoin are similar, I do not think they are the same. Bitcoin is a lot more volatile than the stock market. Since stocks are backed by companies, most stocks will not lose 33% of its value in a day like btc did back in December. Higher risk is an understatment.

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Quote from: itsmeram on January 21, 2018, 12:58:21 AM

Quote from: BillCoin on January 21, 2018, 12:56:49 AM

Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Gambling is pure crap if you do not know what you are really doing or if you are just playing because you are "bored" and i know a lot of people who are just doing it so because of that.

And no, it can not be compared with trading...

Why not compared to trading as many people prefer going for trading in their bored times.
Yes, they are not ready to spend time for technical analysis but they want to make money from trading. They do feel technical analysis as a bored job but wants big money in more quicker times.

Trading is not exactly a gambling but many people are approaching trading in a same way how gambling suppose to be conducted. With respect to those lazy people, trading and gambling do not have any big differences.

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Quote from: itsmeram on January 21, 2018, 12:58:21 AM

Quote from: BillCoin on January 21, 2018, 12:56:49 AM

Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Gambling is pure crap if you do not know what you are really doing or if you are just playing because you are "bored" and i know a lot of people who are just doing it so because of that.

And no, it can not be compared with trading...

Yes it is very different. The gambling game is just a way for people who are frustrated because they do not know any other way to earn an income. Though in fact gambling game only rely on a fortune. While trading is a more realistic thing, trading can be said to be successful and can give us income when we can make decisions and analyze well. So these are all different things, gambling is very influential to luck as trading is strongly influenced by the analysis we have.

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Quote from: BillCoin on January 21, 2018, 12:56:49 AM

Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Gambling is pure crap if you do not know what you are really doing or if you are just playing because you are "bored" and i know a lot of people who are just doing it so because of that.

And no, it can not be compared with trading...

BillCoin

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Gambling is something that is fully based on luck, while bitcoin trading may count as gambling because the high risk that is being involved, but bitcoin trading also involves skills, the outcome is not based on luck, and also it is legal by law.

Bitcoin trading is the same as stock market trading, but involves higher risk.

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Quote from: CyberR. on January 09, 2018, 03:35:59 PM

So the question is if Bitcoin Trading is a Gamble or not?
I will express my views here and would love to know what you guys think.

It's investing. Buying and selling Bitcoin is an investment. Now, Is it Gambling?
There's a difference between Trading and Investing. Trading involves capital inhand kept for short period, typically for a few days, hours or even minutes. Investments on the other hand tend to be in months, years or even decades.

Bitcoin Trading isn't Gambling but Buying Bitcoin is “gambling”, in the sense that its an investment that could price crash at any time.

Yes bitcoin investment is just like a gambling but it's a lower risk than to play in casino or in gambling site.
For me i you having a lose or win in bitcoin then that probably a gambling so therefore that is gambling, because not all who involved in trading are always win some of them are having a lose. In putting capital in trading just put amount that you can afford to lose don't put all your money in trading just to gambled.

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Quote from: mharz on January 20, 2018, 04:40:32 PM

Trading is like a gambling in terms of selecting coins to invest

This argument will never end. We can conclude that trading and gambling are the same because there's risk on it. And every investment has risk will be called like a gamble so whether you trade, you gamble or do anything to regain some profit out of your capital can be called as a gamble.

Quote from: mharz on January 20, 2018, 04:40:32 PM

If you invest for trading you can sure that you are not lose

Not all does have a good TA so there's no assurance that you won't lose when you trade.

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Quote from: crwth on January 20, 2018, 08:27:11 AM

Quote from: Utanjaran on January 20, 2018, 08:14:27 AM

From the word i'is known that trading is different from gambling. Trading is analysis based. While gambling is only a mere profit.

How could you say that gambling is a mere profit when you can lose everything? It's not always profiting because you could lose a lot of money. Trading definitely requires analysis but gambling could be analyzed as well with different strategies.

Trading is like a gambling in terms of selecting coins to invest, because you can't know if you win and earn high amount of income. Trading and gambling are probably high risks but one thing I can sure.

If you invest for trading you can sure that you are not lose because if you make trading into different coins in the crypto currency world. While if you invest in gambling your chances to win is 50-50 like a person in an ambulance. But if you are lucky it's good for you, because whatever happens you can possibly to recover all amount you lost.

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Quote from: chris200x9 on January 20, 2018, 08:47:36 AM

Quote from: megynacuna on January 15, 2018, 06:53:06 PM

Quote from: chris200x9 on January 15, 2018, 06:39:08 AM

Quote from: emberbekas on January 14, 2018, 04:11:44 PM

Quote from: Coins4Days on January 14, 2018, 11:17:58 AM

There is a big difference between investing in bitcoin and day/swing trading bitcoin. If you invest some money and forget about it, that's one thing. If you constantly try to ride the wave of bitcoin's price and try to multiply your money a few times a day or week, that involves so much more risk, one bad call can ruin it all. The latter is gambling.

Your explanation is make sense. Daily traders, people who buy and sell bitcoin in daily basis can be considered as gambler. Tbh, in our daily life, there are a bunch of things that can be called as gambling as well. But, as long as it is legal, we shouldn't worry too much.

Whether it is legal or not but still gambling is a waste of money if anyone doing it every day. Including day trading also very risky because it is hard to predict prices on a day by day because even very good coin prices also can't say how it will perform today or tomorrow but in the long run, we all know it will give a good profit. So I consider gambling and day trading both are same.

I totally agree with you, it's just the same as day trading because you try your hands on them daily and you can either win or loose in a day but the accumulation of your daily outcomes will make you know whether you are in profit or not. I will opt for both in order to diversify the money i can afford to loose.

But I don't agree that gambling is a money making method. You're not diversifying but by knowingly your wasting your money on these games. In day trading if prices go down and if you don't sell your coins then you still get a chance to make money in the future or at least recover back your money if prices go up. But in gambling, if you lose means gone forever and no way you can get back your money.

This is the advantage of trading which even if you missed the chance on selling out or even on buying out there still chances for you to make money later on when prices tends to move on what you are expecting.As long you didnt sell or buy you wont lose nothing. Gambling cant really be considered on money making and as you said this is just really wasting up your money.

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Quote from: megynacuna on January 15, 2018, 06:53:06 PM

Quote from: chris200x9 on January 15, 2018, 06:39:08 AM

Quote from: emberbekas on January 14, 2018, 04:11:44 PM

Quote from: Coins4Days on January 14, 2018, 11:17:58 AM

There is a big difference between investing in bitcoin and day/swing trading bitcoin. If you invest some money and forget about it, that's one thing. If you constantly try to ride the wave of bitcoin's price and try to multiply your money a few times a day or week, that involves so much more risk, one bad call can ruin it all. The latter is gambling.

Your explanation is make sense. Daily traders, people who buy and sell bitcoin in daily basis can be considered as gambler. Tbh, in our daily life, there are a bunch of things that can be called as gambling as well. But, as long as it is legal, we shouldn't worry too much.

Whether it is legal or not but still gambling is a waste of money if anyone doing it every day. Including day trading also very risky because it is hard to predict prices on a day by day because even very good coin prices also can't say how it will perform today or tomorrow but in the long run, we all know it will give a good profit. So I consider gambling and day trading both are same.

I totally agree with you, it's just the same as day trading because you try your hands on them daily and you can either win or loose in a day but the accumulation of your daily outcomes will make you know whether you are in profit or not. I will opt for both in order to diversify the money i can afford to loose.

But I don't agree that gambling is a money making method. You're not diversifying but by knowingly your wasting your money on these games. In day trading if prices go down and if you don't sell your coins then you still get a chance to make money in the future or at least recover back your money if prices go up. But in gambling, if you lose means gone forever and no way you can get back your money.

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Quote from: crwth on January 20, 2018, 08:27:11 AM

Quote from: Utanjaran on January 20, 2018, 08:14:27 AM

From the word i'is known that trading is different from gambling. Trading is analysis based. While gambling is only a mere profit.

How could you say that gambling is a mere profit when you can lose everything? It's not always profiting because you could lose a lot of money. Trading definitely requires analysis but gambling could be analyzed as well with different strategies.

Probably it will depend on how you see gambling. Gambling can also define a trade since the end result isn't entirely on your hands. Yes you need to have the tools to have a better chance but at the end of the day, you're still not certain of a good profitable trade, hence its still in a way, a gamble. Unless you're a whale with enough btc to sway the movement of coins.

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Quote from: Utanjaran on January 20, 2018, 08:14:27 AM

From the word i'is known that trading is different from gambling. Trading is analysis based. While gambling is only a mere profit.

How could you say that gambling is a mere profit when you can lose everything? It's not always profiting because you could lose a lot of money. Trading definitely requires analysis but gambling could be analyzed as well with different strategies.

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From the word i'is known that trading is different from gambling. Trading is analysis based. While gambling is only a mere profit.

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Quote from: CyberR. on January 09, 2018, 03:35:59 PM

So the question is if Bitcoin Trading is a Gamble or not?
I will express my views here and would love to know what you guys think.

It's investing. Buying and selling Bitcoin is an investment. Now, Is it Gambling?
There's a difference between Trading and Investing. Trading involves capital inhand kept for short period, typically for a few days, hours or even minutes. Investments on the other hand tend to be in months, years or even decades.

Bitcoin Trading isn't Gambling but Buying Bitcoin is “gambling”, in the sense that its an investment that could price crash at any time.

as I've already said on a thread that is almost the same as this. bitcoin is not gambling, but bitcoin is an asset and a place to invest. in investment there is nothing to lose if we get profit. but in gambling there must be a loss if we win gambling. whether fellow gamblers or the web gambling

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This is just my opinion, yes can be considered as gambling also because it is an activity involving of betting money but as a business minded too, partly can be considered as investment too, it depends on how you look at it, because as i’ve said it is just my outlook on that, but whatever how you look at it, it means for good anyway😃

Topic: Is Bitcoin Trading Gambling? - page 3. (Read 822 times)