Is trading gambling in another form? - page 3.

fuguebtc

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Quote from: ningrum on September 25, 2022, 07:46:19 AM

That's true and indeed basically trading or gambling are two different things,
trading is not only about buying and selling but it also requires knowledge and skills,
for gambling it's like depending on luck alone

They may not be completely the same, but sometimes gambling also needs a lot of skills to win, not only depending on luck. As Eternate said, in gambling also needs a strategy, you must know where your position is, who are you playing with ...I think that if there is a good strategy, gambling can also bring good profits, just stop at the right time and only play in our ability. For trading, if you do not have knowledge and buy and sell by emotions, you are no different from a gambler.

ningrum

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Quote from: BobK71 on September 25, 2022, 06:55:04 AM

Quote from: Eternad on September 24, 2022, 10:35:38 PM

Quote from: DoublerHunter on September 24, 2022, 05:24:36 PM

^I don't know if this is right, but for me, trading is trading, you cannot be called gambling, and gambling is gambling you cannot call them trading. They always have different functions. It is a dump if you go in trading without knowledge right? You cannot be called gambling if you don't have knowledge of trading, or if you are based on luck. However, gambling is purely based on luck, and skills are required but the majority is luck.
People need to understand that trading is not an easy way to make money.

It will depend on us how we understand it. In my case I consider them based on strategy and having knowledge. In gambling it might be random or base on luck but we can decide how to strategize it once we know our cards or our standing in the game and we can also decide what to do when we lose or win like in trading. It will depend on us how we will see it as long as we know what we do and we have budget and control to do it then it will be fine.

How we approach trading depends largely on a trader. An ignorant trader doesn't know about trading, he only knows buying and selling, trading can seem like gambling to him, it's normal. But similarly those who have good knowledge of trading it will be considered as a means of investment. That trader or investor will never compare trading with gambling.

That's true and indeed basically trading or gambling are two different things,
trading is not only about buying and selling but it also requires knowledge and skills,
for gambling it's like depending on luck alone

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Quote from: Eternad on September 24, 2022, 10:35:38 PM

Quote from: DoublerHunter on September 24, 2022, 05:24:36 PM

^I don't know if this is right, but for me, trading is trading, you cannot be called gambling, and gambling is gambling you cannot call them trading. They always have different functions. It is a dump if you go in trading without knowledge right? You cannot be called gambling if you don't have knowledge of trading, or if you are based on luck. However, gambling is purely based on luck, and skills are required but the majority is luck.
People need to understand that trading is not an easy way to make money.

It will depend on us how we understand it. In my case I consider them based on strategy and having knowledge. In gambling it might be random or base on luck but we can decide how to strategize it once we know our cards or our standing in the game and we can also decide what to do when we lose or win like in trading. It will depend on us how we will see it as long as we know what we do and we have budget and control to do it then it will be fine.

How we approach trading depends largely on a trader. An ignorant trader doesn't know about trading, he only knows buying and selling, trading can seem like gambling to him, it's normal. But similarly those who have good knowledge of trading it will be considered as a means of investment. That trader or investor will never compare trading with gambling.

Eternad

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Quote from: DoublerHunter on September 24, 2022, 05:24:36 PM

^I don't know if this is right, but for me, trading is trading, you cannot be called gambling, and gambling is gambling you cannot call them trading. They always have different functions. It is a dump if you go in trading without knowledge right? You cannot be called gambling if you don't have knowledge of trading, or if you are based on luck. However, gambling is purely based on luck, and skills are required but the majority is luck.
People need to understand that trading is not an easy way to make money.

It will depend on us how we understand it. In my case I consider them based on strategy and having knowledge. In gambling it might be random or base on luck but we can decide how to strategize it once we know our cards or our standing in the game and we can also decide what to do when we lose or win like in trading. It will depend on us how we will see it as long as we know what we do and we have budget and control to do it then it will be fine.

Rufsilf

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Quote from: adzino on September 23, 2022, 12:47:41 AM

It can be the same if the person who is trading has no clue what he is doing and executing random trades. Gambling depends completely on luck and requires little to no skill at all. On other hand, trading might help you if you have little luck, but depends more on your skill and how much better you know the market. You don't have any control over the losses/bets that you place when you are gambling and you might lose everything. But with trading, you have full control over your investment and trades. The more you know and learn/do researches about the market, the better you will be at trading. But the more you keep on gambling, the more you will be losing because in the long run, it is the casino that will always win.

Hopefully, they will change their mind and know more about trading, or else, they are into gambling.
I'd see how important to know how to deal with trading and gambling in different ways as they are totally different. So, those who think that trading is gambling, better help themselves to understand how trading will work and we don't need luck from it but rather make use of our knowledge and skills to win the market volatility, not by guessing or whatsoever as we mostly did when gambling.

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Quote from: smartaction on September 24, 2022, 01:14:05 PM

Quote from: judaspriest on September 24, 2022, 04:03:00 AM

Quote from: smartaction on September 23, 2022, 01:49:13 PM

Quote from: Outhue on August 25, 2022, 10:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

Trading is not like gambling . gambling is totally different thing . trading is like a stock business . you can buy and sell a coin or product digitally . here one trader can get profit or loss some. but gambling is a bad Addiction and this is done by betting on something. There are two aspects here. A person will either win and win a sum of money. Otherwise he loses his bet and loses all his funds

Yes I agree with what you said that there is a clear difference between trading and gambling,
gambling is more dominated by luck but for trading it requires knowledge and skills,
Gambling will not make us rich and will only make us lose, sometimes profit

Trading also depend on luck some time. but it is normally depend in knowledge and good skill. and for gambling skill & knowledge also help to win. but must of the time it depend in luck

Gambling can also make someone rich but need a better luck . and trading can make someone rich to poor . it also can happen but we can't say gambling and trading is same. Two are different things and both have risk

Both can generate profit and both are risky. I have not seen anyone get rich from gambling, most of the people who focus on gambling full time can call gambling addiction, these people are bankrupt, have no stable job even no gambling money, they also cause social evils. But trading, there have been a lot of people getting rich, I see a lot of traders making a lot of money not only in the crypto market but also in other markets like stocks, forex. There are a lot of full time traders and they can make daily profit. You can tell they are not the same.

DoublerHunter

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Quote from: smartaction on September 24, 2022, 01:14:05 PM

Quote from: judaspriest on September 24, 2022, 04:03:00 AM

Quote from: smartaction on September 23, 2022, 01:49:13 PM

Quote from: Outhue on August 25, 2022, 10:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

Trading is not like gambling . gambling is totally different thing . trading is like a stock business . you can buy and sell a coin or product digitally . here one trader can get profit or loss some. but gambling is a bad Addiction and this is done by betting on something. There are two aspects here. A person will either win and win a sum of money. Otherwise he loses his bet and loses all his funds

Yes I agree with what you said that there is a clear difference between trading and gambling,
gambling is more dominated by luck but for trading it requires knowledge and skills,
Gambling will not make us rich and will only make us lose, sometimes profit

Trading also depend on luck some time. but it is normally depend in knowledge and good skill. and for gambling skill & knowledge also help to win. but must of the time it depend in luck

Gambling can also make someone rich but need a better luck . and trading can make someone rich to poor . it also can happen but we can't say gambling and trading is same. Two are different things and both have risk

^I don't know if this is right, but for me, trading is trading, you cannot be called gambling, and gambling is gambling you cannot call them trading. They always have different functions. It is a dump if you go in trading without knowledge right? You cannot be called gambling if you don't have knowledge of trading, or if you are based on luck. However, gambling is purely based on luck, and skills are required but the majority is luck.
People need to understand that trading is not an easy way to make money.

judaspriest

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Quote from: smartaction on September 23, 2022, 01:49:13 PM

Quote from: Outhue on August 25, 2022, 10:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

Trading is not like gambling . gambling is totally different thing . trading is like a stock business . you can buy and sell a coin or product digitally . here one trader can get profit or loss some. but gambling is a bad Addiction and this is done by betting on something. There are two aspects here. A person will either win and win a sum of money. Otherwise he loses his bet and loses all his funds

Yes I agree with what you said that there is a clear difference between trading and gambling,
gambling is more dominated by luck but for trading it requires knowledge and skills,
Gambling will not make us rich and will only make us lose, sometimes profit

xSkylarx

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Quote from: Outhue on August 25, 2022, 10:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?

Trading can only be considered gambling if the person does it without any knowledge. Like he just buys some random crypto without doing any research and just wait for it to pump and give them profit.

Quote from: Outhue on August 25, 2022, 10:22:59 AM

i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling?

Pro traders are correct but unlike in gambling where you just need to rely on your luck on most of its games to win, in trading there are things to determine those stuff like using indicators in which you can calculate the risk of the trade you are going into. With deep knowledge in trading, you can have higher success rate in trading.

mindrust

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If you think that way, anything you do in your life can become gambling.

Starting a business: Gambling. Lot's of shit can go wrong and you can lose your investment.
Getting a college degree: Gambling. The degree you will get can become obsolete in the future. You will lose your time and money which you invested in that paper.
Getting married: Gambling. If you have a bad wife/husband, that will ruin you both financially and emotionally. Risky move.
Buying a used car: Gambling. It might drive well for a week and then can crap on you.

So trading can become gambling as well...

Mauser

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Quote from: Outhue on August 25, 2022, 10:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

I don't think that trading is a form of gambling, there are some similarities but it's not the same. First of all in gambling, when you place a bet at a casino you have nothing left. Your money is with the house and you only have a chance to make a profit on one single round. The round happens usually really fast and you know instantly if you won or lost - there is no grey area, you either make a profit or your money is gone. It's not like you can say that you made an error in your judgement and tomorrow the casino will correct your bet. In the gambling world you can only recover past losses with new money and new gambling. In the trading world things are different, once you place a trade you hold an actual asset and will profit of a rise in prices even it only happens in a few weeks. With bad bets your money is lost, but with bad trades you can always sell and get atleast some money back.

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Quote from: Pouvoirp on August 25, 2022, 12:43:44 PM

Trading and gambling are two different entities.

Trading is investing in a business or stock in hope of it rising so you can make some profit.
Gambling is investing or spending on a game and hoping for it to fall out right.
In trading, there are fundamental analysis and critical analysis you have to do before putting your money into it.
But in gambling, you've got zero power or control over it.

Trading and gambling are of course different but with similar features. Even gambling you'll to make some analysis before throwing up your money. You can not just wake up and stake your money without proper observation and analysis unless you do not want to win any dime. For the both, you don't have control over them. The only difference is that on trading, you can not watch your money disappear at once thou you can lose some part of it even if it does not go well but in gambling your capital can disappear in a twink of an eye Grin

globalpain

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on the other hand for traders and ordinary people who do not have the knowledge to trade correctly and only play guesswork of course it is called gambling,
not only trading crypto, trading anything in the real world must also have knowledge, if not you going to play gambling, that's very clear.

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Quote from: Outhue on August 25, 2022, 10:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

The biggest difference between trading and gambling is that a trader can lose the value of his asset temporarily or for a long time in his trading but it can be regained. There is no such chance in gambling. But if I compare gambling with some shit coins then there will have some similarities. For example, in gambling, there is a big chance to either win or lose. In the same way investing in Shit coins can make huge asset gains otherwise all will be lost forever.

minime0105

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Many people seems trading like gambling, but the different between trading and gamblling is obvious and it's still a long boundary adjustment, trading are measuring why gambling is not measurable, i said it, because trading is a kill acquisitions that is being learnt and understand the basic things that contribute for the risk taking of trading that's leads to the profit and lost , why gambling doesn't have a skill method that is pronounced

len01

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i will try to explain slowly. e.g. bitcoins. bitcoin can be called a digital currency that can be used for gambling.

now the explanation is that it all depends on the owner of the crypto.
for example we hold crypto as a long-term asset or a short-term asset (trading) that does not mean gambling, yes, this is the same as the stock market.
but when we hold crypto and go to a gambling site to bet on a poker table, it's just called gambling.
like you are holding a knife. when you use the knife only to cut fruit and vegetables it's fine. but if the knife you hold for you to use kills that person is not very good.

so in conclusion, trading and gambling are different. because trading in the market (such as stocks) and gambling is done on a gambling table.
and trades can earn huge profits or losses with some analysis. but gambling

so cannot be analyzed because no one will be able to fight the bookies.
so don't think that trading is like gambling. if you think trading is the same as gambling, how about investing in stocks?

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It can be the same if the person who is trading has no clue what he is doing and executing random trades. Gambling depends completely on luck and requires little to no skill at all. On other hand, trading might help you if you have little luck, but depends more on your skill and how much better you know the market. You don't have any control over the losses/bets that you place when you are gambling and you might lose everything. But with trading, you have full control over your investment and trades. The more you know and learn/do researches about the market, the better you will be at trading. But the more you keep on gambling, the more you will be losing because in the long run, it is the casino that will always win.

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In gambling you are just making your risk with your funds without having a prior knowledge how does the game works or just being dependent with the luck. In trading you'll need to have an investment with your knowledge before executing a position with the trade to earn money. In easy term gambling is a higher risk but easy to play and trading need to invest knowledge but possible to play with minimal risk because of the users chance of leverage.

BitcoinPanther

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I think this has something to do on the relation between gambling and speculation. Many of us mistakenly think that speculation is some kind of gambling. We all know speculation is one of the major factor of trading thus, thinking that speculation is almost the same as gambling may bring us the thought that trading is another form of gambling.

That may sound reasonable but in its terms and definition speculation and gambling is a very different action that is use to increase wealth under condition of risk and uncertainty.[1]

The difference between the two are very noticeable by simply looking at how these two action are created. Speculation are action that involved a calculated risk and research before a person enters a financial transaction while gambling involves a game of chance.

With that definition, it is a rebuttal that trading is another form of gambling.

For more information you can check the explanation on the link below.

[1] https://www.investopedia.com/ask/answers/042715/what-difference-between-speculation-and-gambling.asp

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Quote from: LastKiss on September 18, 2022, 05:39:18 AM

Quote from: Outhue on August 25, 2022, 10:22:59 AM

Gambling is betting something valuable on an uncertainty outcome right? Isn't this the same with Trading?/i mean even pro traders said out of 10 trades you can lose 4 and win 6, is this not a form of gambling? I had this argument with few of my friends that are traders some hours ago and I will like to here from you all what hou think about this.

I think it's different when you can do some analysis for trading but not for gambling, both of them have their own risk and we can't predict what will exactly happen in the future. I do once think that gambling and trading is likely the same but because when I do trading without any skill/education and only do YOLO, so when I got a profit I think that my profit is like a gamble.

When you are already applying something like putting up some analysis then it wouldnt really be considered gambling anymore because if we do speak about gambling then someone isnt really minding on putting those
considerations.Unlike when you are applying some analysis and knowledge towards every actions you do make, which it isnt really that limited only on trading but also in other things as well.
This is why its really that just right that you shouldnt really miss out on doing so if ever you do deal up with trading because this isnt a gambling game which you could just simply put your money and expect fast
results and we know that chances or odds on profiting will really be that entirely different.

Topic: Is trading gambling in another form? - page 3. (Read 1266 times)