Isn't trading almost like gambling? | Bitcointalksearch.org

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Quote from: taufik123 on May 25, 2024, 02:20:23 PM

You should not generalize trading with gambling, because trading has several categories that cannot be equated.
When you say trading as gambling it will only apply to futures trading which makes one will only do the guessing whether the price goes up and down
or Long and Short, It does look more like gambling.

But when looking at Spot Trading, it's not like gambling at all.
You will only hold the assets you own and can sell at any price, even if you guess or your prediction is wrong the asset you will still have.

You can be sure the two concepts of futures and spot trading are very different, especially when talking about the category of Binary options trading that only takes advantage of crypto market price fluctuations without holding any assets and only risks your Fiat for a chance to guess long or short (this is more risky).

And in conclusion you can't say gambling equals trading because it has several types of trading, you have to be more specific.

Futures yes it's risky without knowledge but I don't think futures would be considered as gambling maybe it's a gamble if you are just guessing where to enter and exit but they don't have much difference on spot trading the price action on the spot are the same as on the futures the only difference is we can lend as leverage to make any position and you don't totally have the assets because once you close you will only get the profit in stable coin unlike when you buy in spot trading you have the assets and can able to send or withdraw anytime outside the exchanges.
Also, trading on futures needs discipline and you should react quickly and should have risk management because if you don't have knowledge about risk management, TA, and FA then that's a gamble like no stop-loss, you buy or sell when it is on overbought or oversold if you keep doing that instead of making a profit you will lose all your capital.

The other advantage of futures is that you can also trade on a short position when bearish unlike in spot trading you will lose if you keep holding or you will end up selling your coins just to avoid further losses.

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Quote from: adpinbr on May 25, 2024, 01:38:32 PM

As everyone intention in trading is to make money so people don’t easily give up on trades because of the understanding they have and sometimes it doesn’t for them and it usually a lost outcome sometimes and must of the time they also win and become happy at that point, to me trading is gambling because if you lost you have finally lost your money and it won’t come back Until you place another trade and maybe you get more profit and try to recover what you have lost, well I call it a game of luck and who so ever that win have won, it not just easy.

When we do speak about trading then this is something that will really be just that normal that there would really be those impressions that it would really be just liking about being a gambling on which its likely yes but this is the only time or moment on that you would really be making up some trades without any analysis or basis on which we know that when we do make trades then it would be normal that you should
be having that analysis and knowledge on dealing with it, or else you would really be just basically doing gambling on the moment that you do find yourself having those trading without applied analysis.
Futures trading could be also considered as gambling but in the essence that you could really be able to apply analysis then this is where it do ease up that kind of condition about speaking the risks involved.

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Quote from: adpinbr on May 25, 2024, 01:38:32 PM

As everyone intention in trading is to make money so people don’t easily give up on trades because of the understanding they have and sometimes it doesn’t for them and it usually a lost outcome sometimes and must of the time they also win and become happy at that point, to me trading is gambling because if you lost you have finally lost your money and it won’t come back Until you place another trade and maybe you get more profit and try to recover what you have lost, well I call it a game of luck and who so ever that win have won, it not just easy.

You should not generalize trading with gambling, because trading has several categories that cannot be equated.
When you say trading as gambling it will only apply to futures trading which makes one will only do the guessing whether the price goes up and down
or Long and Short, It does look more like gambling.

But when looking at Spot Trading, it's not like gambling at all.
You will only hold the assets you own and can sell at any price, even if you guess or your prediction is wrong the asset you will still have.

You can be sure the two concepts of futures and spot trading are very different, especially when talking about the category of Binary options trading that only takes advantage of crypto market price fluctuations without holding any assets and only risks your Fiat for a chance to guess long or short (this is more risky).

And in conclusion you can't say gambling equals trading because it has several types of trading, you have to be more specific.

adpinbr

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As everyone intention in trading is to make money so people don’t easily give up on trades because of the understanding they have and sometimes it doesn’t for them and it usually a lost outcome sometimes and must of the time they also win and become happy at that point, to me trading is gambling because if you lost you have finally lost your money and it won’t come back Until you place another trade and maybe you get more profit and try to recover what you have lost, well I call it a game of luck and who so ever that win have won, it not just easy.

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Quote from: Marvell1 on May 15, 2024, 10:10:12 AM

To me, futures trading is more like gambling, while spot trading is not really gambling. And when comparing holding and trading, most will choose holding because it is safer and requires less knowledge.

It is gambling. Those that get into futures knows that it's actually a gamble. Yes, you still do analysis but you can't predict what will happen next.
The liquidation of many traders there only shows that it's a real gamble but in a trading form which has been there even with the options long time ago.

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Quote from: MRY on May 15, 2024, 01:12:13 PM

Quote from: Fara Chan on May 15, 2024, 10:35:25 AM

Quote from: MiF on May 15, 2024, 06:01:16 AM

basically we can really say that trading is almost the same as gambling, because in trading we can also experienced win and lose same as what we experience in gambling, i think there is a small difference but base on the experienced we can consider trading is almost the same in gambling.

I slightly disagree with what you said because what you said is only more suitable as a parable, not to equate one thing with another. Because if you know that basically trading is a different thing from gambling, you should also be able to understand that trading is not just about winning and losing or just profits and losses. But there are also moments that everyone can take advantage of under certain conditions because the market is not always stagnant or bad so every trader can still hope to make a profit when conditions start to change.

Exactly, traders' profits depend on the decisions they choose. As long as they can hold the asset for a long time, it will bring them a lot of profit. But when they are people who are not very patient and want to make a profit using the future trading method and don't care about the risks that will occur then this is a battle, because we don't know whether they will gain or lose.

Results and outcomes will really be definitely be basing up on how well you do make up those trades.
Things that could really be affecting your trading results.

1. Market random movements
2. Sudden change of trading plans
3. Emotional disturbance

On the time that you would be on such condition then changing up plans would most likely happen. Trading could only becoming
gambling on the time that you wouldnt really be setting out those risks management on which we know that this is something that would really be relevant.
This isnt something that you could really just that put up a position and then wait up for you to make money. Of course you would really be needing
other things needs to be done for you to become that profitable and not really just that setting it up and wait for money to flow. This isnt how it works.

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Quote from: Fara Chan on May 15, 2024, 10:35:25 AM

Quote from: MiF on May 15, 2024, 06:01:16 AM

basically we can really say that trading is almost the same as gambling, because in trading we can also experienced win and lose same as what we experience in gambling, i think there is a small difference but base on the experienced we can consider trading is almost the same in gambling.

I slightly disagree with what you said because what you said is only more suitable as a parable, not to equate one thing with another. Because if you know that basically trading is a different thing from gambling, you should also be able to understand that trading is not just about winning and losing or just profits and losses. But there are also moments that everyone can take advantage of under certain conditions because the market is not always stagnant or bad so every trader can still hope to make a profit when conditions start to change.

Exactly, traders' profits depend on the decisions they choose. As long as they can hold the asset for a long time, it will bring them a lot of profit. But when they are people who are not very patient and want to make a profit using the future trading method and don't care about the risks that will occur then this is a battle, because we don't know whether they will gain or lose.

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Quote from: MiF on May 15, 2024, 06:01:16 AM

basically we can really say that trading is almost the same as gambling, because in trading we can also experienced win and lose same as what we experience in gambling, i think there is a small difference but base on the experienced we can consider trading is almost the same in gambling.

I slightly disagree with what you said because what you said is only more suitable as a parable, not to equate one thing with another. Because if you know that basically trading is a different thing from gambling, you should also be able to understand that trading is not just about winning and losing or just profits and losses. But there are also moments that everyone can take advantage of under certain conditions because the market is not always stagnant or bad so every trader can still hope to make a profit when conditions start to change.

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Quote from: Gaza13 on May 15, 2024, 09:23:04 AM

Quote from: Ricardo11 on March 07, 2024, 09:56:49 AM

Trading and gambling, their risks are exactly the same. Both trading and gambling are high risk. Making money from trading is very difficult. Trading and gambling, can make a man from rich to poor, and from poor to rich, it doesn't take long. If you are losing here, you better leave it and focus more on long term bitcoin holding, you can earn much more money from bitcoin holding as well.

Indeed, the risks that both have the same or are similar both have very big risks, if we play gambling we cannot control it, everything has been arranged by the owner there, if we enter the world of trading and experience a slight loss we can control it with a stop loss for minimize significant losses. It's true what you said, if we are hesitant about trading and don't have expertise in the world of trading, it's best to leave and choose a spot where the risk is not too big.

What they have in common is high risk but that doesn't mean we can say trading and gambling are the same. Because making money from gambling depends entirely on luck while making profits from trading does not rely on luck. Although it is not easy to make a profit from trading, if someone has knowledge and experience then they can also make a profit from trading. Trading is not for the masses and not too many people can be successful that way but that doesn't mean it's like gambling.

To me, futures trading is more like gambling, while spot trading is not really gambling. And when comparing holding and trading, most will choose holding because it is safer and requires less knowledge.

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Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

All traders are at the beginning targeting to make a profit, but if market conditions change in an instant like today, if trading is very noticeable, our funds are reduced at any time, let alone the percentage value below the threshold we have set previously without setting a stop loss. The direction will be there and hit physically too.

It is impossible to happen, especially with a small second capital, we will come to big profits unless there is a miracle once we enter the market, immediately pump high the coin we have chosen, but that rarely happens.

What we buy before is mediocre in price once we move to another coin with a high pump, this is where we start going in and out of the coin that we consider to provide a return on initial capital and the end result is a second loss.

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Quote from: Ricardo11 on March 07, 2024, 09:56:49 AM

Trading and gambling, their risks are exactly the same. Both trading and gambling are high risk. Making money from trading is very difficult. Trading and gambling, can make a man from rich to poor, and from poor to rich, it doesn't take long. If you are losing here, you better leave it and focus more on long term bitcoin holding, you can earn much more money from bitcoin holding as well.

Indeed, the risks that both have the same or are similar both have very big risks, if we play gambling we cannot control it, everything has been arranged by the owner there, if we enter the world of trading and experience a slight loss we can control it with a stop loss for minimize significant losses. It's true what you said, if we are hesitant about trading and don't have expertise in the world of trading, it's best to leave and choose a spot where the risk is not too big.

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There are many differences between gambling and trading and there is no need to confuse the two but futures trading is a bit like gambling. Futures trading is a bit like gambling as there is a chance of losing money completely. Basically futures trading is trading with money loan by the exchange and in this case the exchange is subject to some conditions and if the result is contrary to those conditions then we will lose our money. Rather than losing a lot of money I think one should be satisfied with a relatively small profit in which case surely the best method for a trader would be spot trading. If we can do spot trading carefully then we can still earn a lot of profit from this trading.

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Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

Today I visited a friend who is a forex trader, according to him he trades on the USD, gold and BTC and I normally don't fancy the idea of trading because it appears a bit complex for my understanding and from my little knowledge, it seems as though trading is almost same as gambling because at the end of your analysis you're not sure of the outcome of the trade since it's basically a short term adventure and the volatile nature of most traded items depict it to be uncertain with time.

He has lost almost $5000 dollar in course of his trade and he is still positive that he is going to recover all is lost money back in his next trade. I don't really know how trading works that much cause what I have learnt and I have been used to is to Buy a certain asset like the BTC or any valuable asset that will appreciate with time and HODL it. I know that this strategy isn't for someone of his kind that's basically looking for any immediate means of doubling his income and so long term investment won't necessarily seem a good idea for him.

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

basically we can really say that trading is almost the same as gambling, because in trading we can also experienced win and lose same as what we experience in gambling, i think there is a small difference but base on the experienced we can consider trading is almost the same in gambling.

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Quote from: bettercrypto on March 30, 2024, 04:42:28 AM

Quote from: Mame89 on March 30, 2024, 02:55:55 AM

Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Of course trading and gambling are different things, although there is a risk of losing money, in my opinion there are several differences between trading and gambling. One of them is that trading may have a time period, when we make a transaction, we ourselves determine when to buy and sell. This means we have a choice. For example, if we sell it now, we could lose money. We can choose to just hang on until prices improve and rise.

This does not happen in gambling, we have to follow the game time period determined by the bookie himself, and we cannot survive. Apart from that, in gambling we also have no way of mitigating because in gambling there are only two choices, win 100% or lose 100%.

Quote

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Yes, losses when trading certainly won't make your money back unless you haven't sold it, even if you have sold it and experienced a loss, all you need to do is rearrange your strategy so you don't experience another loss. .

If in gambling 100% of the gamblers lose by playing gambling, while in trading the majority of the long-term holders of Bitcoin are 100%, they actually get a profit, but without knowledge and idea about trading, the majority of them didn't get any profit and are also 100%.

So no matter what others say that trading is like gambling, they cannot be the same because trading is a skill, while gambling will never be a skill but a habit that can destroy a person's life and can also change a person's life. if you're lucky.

Is holding for too long can be called trading? Well sort of but most likely it would be pertaining into those who do make out some active trades withing buy and sell of a certain coin which we know that it isnt really just that limited to Bitcoin but also in other coins as well in the market but you do actually have a point on which long term holds are still considered trades. The risks involved in compared to gambling games is really having that significant differences. On just trying to elaborate on how things being done then you could already be able to spot out in regarding about the risk involved.

Yes, trading is risky but doesnt mean that you cant be able to make money with it specially if you have done it well which is really that totally opposite when you do gamble
which luck factor is really that the main thing you would be needing which its really just that typical that you do know on where and on how to place yourself or bare up with the
risk in between things. Its impossible that you cant really be able to point out those main differences.

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Gambling and trading are similar as both party have the chance of winning or losing.Gambling is a thing of luck only when you know how to play the game but trading requires more knowledge to monitor the market volatility to make profit.The both are only similar in terms of risk taking.Trading is more stressful compared to gambling,a gambler can play bet and live the casino hall while a trader is always watchful of the price volatility.

adpinbr

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Yes I don’t really have much to say here, but the only thing I can say is that trading in all must like gambling and it for those who understand the difference and know how to work on it, well I also call trading gambling because it the same lose when you don’t win and 80 % of must of the process are all the same

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Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Trading doesn’t even go the same way as gambling. I think the risk that is associated with trading is high, and also the risk associated with gambling. Since they both have almost the same risk, we can also call trading gambling, which is not true to me because before you start doing anything in trading, you must learn very hard for you to be a successful trader. There are many things you will do in trading before you will get money from trading, and in trading, you can’t predict the market; you must analyse and use your knowledge before you trade.

Unlike gambling, which is full of prediction, in gambling you can only predict; there’s no high chance of getting your reward back, and you, as a gambler, are not sure where you are putting your money, but in trading there is a way you will be making money as long as you are professional in the trading, which means you can’t be a professional gambler even if you are a professional gambler.

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Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

Today I visited a friend who is a forex trader, according to him he trades on the USD, gold and BTC and I normally don't fancy the idea of trading because it appears a bit complex for my understanding and from my little knowledge, it seems as though trading is almost same as gambling because at the end of your analysis you're not sure of the outcome of the trade since it's basically a short term adventure and the volatile nature of most traded items depict it to be uncertain with time.

Just so you know, we have people that also find gambling to be very complex not until they familiarize themselves to the world of gambling.

As of the belief that trading is as good as gambling, well let's just say it's somewhat correct because you can't always win when it comes to trading, but you can improve your winning chances by practicing to help formulate a strategy that will help the trader to improve the chances of winning and probably profitable!

Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

First and foremost, losing is part of trading but this can be countered with a good risk management that will still leave you profitable with the few wins you have...and also the risk to reward matters alot because if you get anything below 1X you can't survive in the long term...Which is why you need to go into demo trading to learn your strategy, perfect your strategy and most importantly protect your capital.

Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Without a proven strategy that works his doomed!!

And by the way, when it comes to trading risk management and emotions need to be managed well otherwise greed will take the best of you and you will lose money faster than you thought.

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Quote from: Mame89 on March 30, 2024, 02:55:55 AM

Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Of course trading and gambling are different things, although there is a risk of losing money, in my opinion there are several differences between trading and gambling. One of them is that trading may have a time period, when we make a transaction, we ourselves determine when to buy and sell. This means we have a choice. For example, if we sell it now, we could lose money. We can choose to just hang on until prices improve and rise.

This does not happen in gambling, we have to follow the game time period determined by the bookie himself, and we cannot survive. Apart from that, in gambling we also have no way of mitigating because in gambling there are only two choices, win 100% or lose 100%.

Quote

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Yes, losses when trading certainly won't make your money back unless you haven't sold it, even if you have sold it and experienced a loss, all you need to do is rearrange your strategy so you don't experience another loss. .

If in gambling 100% of the gamblers lose by playing gambling, while in trading the majority of the long-term holders of Bitcoin are 100%, they actually get a profit, but without knowledge and idea about trading, the majority of them didn't get any profit and are also 100%.

So no matter what others say that trading is like gambling, they cannot be the same because trading is a skill, while gambling will never be a skill but a habit that can destroy a person's life and can also change a person's life. if you're lucky.

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Quote from: Marvelockg on February 26, 2024, 04:57:30 AM

My question is, isn't trading almost like gambling considering it uncertainty and also looking from the fact that he has lost a fortune out of trading within a short space of time?

Of course trading and gambling are different things, although there is a risk of losing money, in my opinion there are several differences between trading and gambling. One of them is that trading may have a time period, when we make a transaction, we ourselves determine when to buy and sell. This means we have a choice. For example, if we sell it now, we could lose money. We can choose to just hang on until prices improve and rise.

This does not happen in gambling, we have to follow the game time period determined by the bookie himself, and we cannot survive. Apart from that, in gambling we also have no way of mitigating because in gambling there are only two choices, win 100% or lose 100%.

Quote

Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?

Yes, losses when trading certainly won't make your money back unless you haven't sold it, even if you have sold it and experienced a loss, all you need to do is rearrange your strategy so you don't experience another loss. .

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