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

Dzwaafu11

sr. member

Activity: 504

Merit: 323

Quote from: Marvelockg on February 26, 2024, 05:57:30 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.

Woodie

hero member

Activity: 1792

Merit: 871

Rollbit.com ⚔️Crypto Futures

Quote from: Marvelockg on February 26, 2024, 05:57:30 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, 05:57:30 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, 05:57:30 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.

bettercrypto

sr. member

Activity: 1316

Merit: 268

★Bitvest.io★ Play Plinko or Invest!

Quote from: Mame89 on March 30, 2024, 03:55:55 AM

Quote from: Marvelockg on February 26, 2024, 05:57:30 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.

Mame89

sr. member

Activity: 1512

Merit: 418

Quote from: Marvelockg on February 26, 2024, 05:57:30 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. .

dansus021

copper member

Activity: 1988

Merit: 905

Part of AOBT - English Translator to Indonesia

Isn't trading almost like gambling? Hmmm yeahhhhh I would say yes a little bit because we cant predict accurately every time where the market goes.

It would be gambling if you don't have a proper analysis and go DEGEN with leverage x999999 Grin

trade spot and keep crafting your analysis you might find that trade is not a gamble and can earn decent of money

goldkingcoiner

legendary

Activity: 2030

Merit: 1643

Verified Bitcoin Hodler

Quote from: Marvelockg on February 26, 2024, 05:57:30 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?

No, gambling and trading are very different. For the main part, gambling casinos will always have a 'house edge' which ensures they win more often than the players. This has to do with probability. In trading, the odds are the same for everyone (except insider traders). The only thing that sets you apart in trading is having the ability to create your own "edge" by making good judgement calls on coins/investments that are worth trading. And that depends on your experience, skills, willpower and knowledge.

There is a huge difference in investing in some unknown memecoin or into a worthwhile business.

Rabbitqt

newbie

Activity: 42

Merit: 0

Quote from: Z_MBFM on March 29, 2024, 06:25:59 PM

Quote from: Bushdark on March 29, 2024, 01:18:50 PM

Quote from: Volimack on March 22, 2024, 01:08:29 PM

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

The two are completely different but we can still choose to gamble as a trader. The choice is left to any trader that wants to gamble with there funds. Trading is an act, we need to learn it very well to before a good trader not like gambling that anyone could enter and make money based on luck. We need to be relaxed and patient for us to make money in the market especially if we are responsible traders.
There is also gamblers in traders that are after making fast profit from the market trying to gamble their luck.

How can trading and gambling be one? can cryptocurrencies be used in both places to combine the two? Gambling is a game of chance. and trading is a type of investment. the better you can analyze here and buy and hold potential coins for the right time, the more profit you will get. And there are 2 types of trading, one is long term and the other is short term, but both can be profitable. and in gambling, if you win, you gain and if you lose, you have to lose the entire money. so gambling and trading are by no means the same.

Trading isn't an investment; investing is an investment. At the end of the day, trading is nothing more than educated gambling. An inexperienced trader is just like a gambling junkie; an experienced trader is like a card counter; they are still gambling, just in different formats. All you have to do is manage a positive win rate to make it profitable.

As someone who has been trading for 8 years (full time) and a professional poker player for 12 years, the two have very common similarities, and to be honest, their mindset is basically the same.

, if you win, you gain and if you lose, you have to lose the entire money

Not true, only if you're a degenerate (margin trading). In gambling (professional), there is the concept of risk management and bankroll management. These practices are just like trading. E.g., never trade your full bank roll, use stop-loss, etc. At this point I'm convinced you're choosing not to see the similarities.

Z_MBFM

sr. member

Activity: 350

Merit: 262

Quote from: Bushdark on March 29, 2024, 01:18:50 PM

Quote from: Volimack on March 22, 2024, 01:08:29 PM

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

The two are completely different but we can still choose to gamble as a trader. The choice is left to any trader that wants to gamble with there funds. Trading is an act, we need to learn it very well to before a good trader not like gambling that anyone could enter and make money based on luck. We need to be relaxed and patient for us to make money in the market especially if we are responsible traders.
There is also gamblers in traders that are after making fast profit from the market trying to gamble their luck.

How can trading and gambling be one? can cryptocurrencies be used in both places to combine the two? Gambling is a game of chance. and trading is a type of investment. the better you can analyze here and buy and hold potential coins for the right time, the more profit you will get. And there are 2 types of trading, one is long term and the other is short term, but both can be profitable. and in gambling, if you win, you gain and if you lose, you have to lose the entire money. so gambling and trading are by no means the same.

Bushdark

sr. member

Activity: 854

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: Volimack on March 22, 2024, 01:08:29 PM

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

The two are completely different but we can still choose to gamble as a trader. The choice is left to any trader that wants to gamble with there funds. Trading is an act, we need to learn it very well to before a good trader not like gambling that anyone could enter and make money based on luck. We need to be relaxed and patient for us to make money in the market especially if we are responsible traders.
There is also gamblers in traders that are after making fast profit from the market trying to gamble their luck.

Kelvinid

sr. member

Activity: 2786

Merit: 343

when lambo...

Quote from: deathcode on March 26, 2024, 05:14:37 PM

Quote from: Miles2006 on March 26, 2024, 09:36:38 AM

Trading and gambling are two different thing but both are channeled to making fast money, the reason why investing will never be compared to both is just because investing has to do with holding. I have heard similar saying like this and people emphasize more on the luck involved in gambling but I totally disagree, gambling has nothing to do with luck even if people earn by chance it depends on how he/she placed their bet. Trading at the other hand has to do with serious learning process and without the knowledge there's no success, the features of trading is more complex compared to gambling.

trade will remain trade. and gambling will remain gambling. that's something different. I don't know why you think gambling is not the result of luck. do you study gambling? do you analyze gambling?
You have to know why gambling depends on luck. that's because the odds of your bet are 50:50. the result is the possibility of you winning or losing. When you bet, you do not have any control over the bet you have made.

That seems right but for those traders who have lack of knowledge and experience, their journey is just like seeking luck and more chances of losing than earning. However, this won't change anything because trading can be learned and we can improve our chances unlike gambling as we still rely upon luck rather than our skills and experience.
Those who think that trading is like gambling are those people who are not even doing trading at all. And if we are a gambler, we can also say that gambling is not like trading as we can just bet based on our personal judgment, and if we are too lucky we win.

deathcode

copper member

Activity: 1414

Merit: 253

Eloncoin.org - Mars, here we come!

Quote from: Miles2006 on March 26, 2024, 09:36:38 AM

Trading and gambling are two different thing but both are channeled to making fast money, the reason why investing will never be compared to both is just because investing has to do with holding. I have heard similar saying like this and people emphasize more on the luck involved in gambling but I totally disagree, gambling has nothing to do with luck even if people earn by chance it depends on how he/she placed their bet. Trading at the other hand has to do with serious learning process and without the knowledge there's no success, the features of trading is more complex compared to gambling.

trade will remain trade. and gambling will remain gambling. that's something different. I don't know why you think gambling is not the result of luck. do you study gambling? do you analyze gambling?
You have to know why gambling depends on luck. that's because the odds of your bet are 50:50. the result is the possibility of you winning or losing. When you bet, you do not have any control over the bet you have made.

GeorgeJohn

hero member

Activity: 1400

Merit: 655

Bitcoin is achievement

Quote from: Marvelockg on February 26, 2024, 05:57:30 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.

from the beginning I condemn the fact that people compare trading and the gambling and it is very obvious but gambling don't have to do with the trading of Bitcoin because from the system You can see that tumbling game of luck and it does not have their perfect skill but you adopt or acquire Before you can be able to win a gambling properly weekly and the monthly constantly winning gambling why And threaded it has to do with skill acquisition and if you have not know the rudiment of trading you won't be able to excel well in Trading immortal understand and the comprehends the primary techniques of trading before you can make a profit why in gambling you cannot learn how to predict it is a game of luck and the game of opportunity.

Quote from: Denamen on March 20, 2024, 10:33:19 AM

I just commented on a thread about following simple rules like cutting losses, and I want to tell all of you about my friend. He did cut losses when the Bitcoin price dropped under $6-10k in 2019 or something. I just remember there was a time when Bitcoin dropped to that price, and he had to follow his rule, cutting losses on all his Bitcoin. But just around a short time later, Bitcoin recovered fast and went to a new peak price. Lol. He was so regretful. Yes, trading needs some luck alongside your skill.

with this Scenario It seems that not reading is something that I have to do with smartness and also a decision when you have your decision in Trading it's neither lead you into the positive part of benefit in Trading or it will lead you into the negative impact of threading so what you need is information in Trading and also observe the environment is not only about opportunity making a profit in Trading is based on your consciousness and your observation in Trading will make you to make a profit directly in trading

Franctoshi

hero member

Activity: 784

Merit: 544

Quote from: Marvelockg on February 26, 2024, 05:57:30 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?

Majority of traders approach the market wrongly because of the urge to make quick money ,hence they're not patient with the market, one thing I have got to understand over the years of trading is that market will definitely play with your emotions, and if you could notice, most times you opened an order, the price tends to go against you first, and what's the aim? to trick you out ,and the moment you quit that trade, you will be to see it going up or down again depending on which direction the market wants to go, However, No doubts, in as much the market is hugely manipulated by market movers, this is why to survive in this game you must "manage risk" because if you are right with your analysis of the market, it will definitely go to the same direction, and this happens when it must have succeeded in shaking out the weak hands out of the market.

Don't gamble the market, and play alongside the rules, your results will be different.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: bettercrypto on March 26, 2024, 11:44:35 AM

Quote from: jaberwock on March 23, 2024, 04:36:03 PM

Quote from: shawonngp on March 19, 2024, 03:12:30 AM

Quote from: Ricardo11 on March 07, 2024, 10:56:49 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.

No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling.

I do agree that the risk is high in both of them and that is why people consider it the same, but that doesn't mean that we are going to end up with anything similar if we know what we are doing. I think it's quite important to realize that we are going to end up with a lot better results at trading and that should be the most important part. I hope that we could just consider the situation to be dissimilar when you end up learning how to trade, that's the most important thing.

I think what we do not know how the result will be and gamble differently when we do not know how to trade. In that situation then we can say that a newbie trader and a gambler could have quite similar results which would be a bit of a trouble.

That's true; they have the same risk, but they're not at the same level, and they don't have the same features. Trading in cryptocurrency is not based on guesswork; instead, it really needs knowledge to get you a consistent profit.

Unlike gambling, you can win a huge jackpot if you are a new or old member of the casino. Whether you know something or not, you can immediately get a big win in gambling, which in trading is no longer the same concept.

Same risks only if it turns out that you wouldnt really be applying any analysis on the time that you do make out trades on which there's so much difference if we do speak about the risks level
which it will really that matter on how you do make things to happen. Trading is not for leisure and that the main difference if we do speak about the actual purpose of both things
on which we know that trading isnt something like that. Things would really be just that turns out to be gambling if you wont really be applying any analysis which i have said earlier.
For gambling then there are really that moments that you would be also needing to apply analysis too on which it would be something that be on strategic games but
in overall i dont see that gambling and trading could really be having that equal risks when it comes to this manner.

Bonny070

newbie

Activity: 25

Merit: 0

you said your friend lost almost $5000 and he is pursuing his losses, he should be buying and selling, he will not be losing any more.just buy and hold it when it rises you sell and make your money, and again he should learn how to conquered greed, because of greediness that makes more traders Loss their income. tell him I said he should not Chase his losses or else he loses more.

bettercrypto

sr. member

Activity: 1316

Merit: 268

★Bitvest.io★ Play Plinko or Invest!

Quote from: jaberwock on March 23, 2024, 04:36:03 PM

Quote from: shawonngp on March 19, 2024, 03:12:30 AM

Quote from: Ricardo11 on March 07, 2024, 10:56:49 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.

No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling.

I do agree that the risk is high in both of them and that is why people consider it the same, but that doesn't mean that we are going to end up with anything similar if we know what we are doing. I think it's quite important to realize that we are going to end up with a lot better results at trading and that should be the most important part. I hope that we could just consider the situation to be dissimilar when you end up learning how to trade, that's the most important thing.

I think what we do not know how the result will be and gamble differently when we do not know how to trade. In that situation then we can say that a newbie trader and a gambler could have quite similar results which would be a bit of a trouble.

That's true; they have the same risk, but they're not at the same level, and they don't have the same features. Trading in cryptocurrency is not based on guesswork; instead, it really needs knowledge to get you a consistent profit.

Unlike gambling, you can win a huge jackpot if you are a new or old member of the casino. Whether you know something or not, you can immediately get a big win in gambling, which in trading is no longer the same concept.

Miles2006

full member

Activity: 182

Merit: 120

Cashback 15%

Trading and gambling are two different thing but both are channeled to making fast money, the reason why investing will never be compared to both is just because investing has to do with holding. I have heard similar saying like this and people emphasize more on the luck involved in gambling but I totally disagree, gambling has nothing to do with luck even if people earn by chance it depends on how he/she placed their bet. Trading at the other hand has to do with serious learning process and without the knowledge there's no success, the features of trading is more complex compared to gambling.

redsun114

hero member

Activity: 2534

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: lalabotax on March 20, 2024, 05:57:53 PM

Quote from: Bushdark on March 08, 2024, 07:37:05 PM

Some persons keep saying that trading is almost the same thing like gambling but the difference is very clear.
There are also gambling traders that don't always have the patience to stick to the strategies that will help them to keep winning more.
It is good for us to weigh our trading skills and know whether truly we are gambling traders or not. It is very important for us to use good strategies to trade so we have a better results.

People who assume trading is the same as gambling, they probably don't understand what trading is.
Sure, the difference is very obvious, trading requires skills or knowledge. Meanwhile gambling doesn't really need skills or knowledge. If we play slots, we can play the game without any skills. In trading, you can' trade at all if you don't have the knowledge. Even if you can learn through demo trading feature, it won't work well to gain profits without a proper knowledge. So, knowledge or skills is a fundamental part in trading, but it is not so crucial thing in gambling.

There is one part of gambling that requires skills, knowledge, and experience and if one has all these, they can make some money from it in the long run. I'm talking about sports betting, it is the only part of gambling that isn't completely dependent on luck and one needs knowledge and experience to win most bets in it. So, maybe it is what some people tend to compare with trading.

There is one more thing that might be the reason for all these comparisons that people make between trading and gambling, it is trading spheres that are a bit more risky than others, such as options trading and futures trading where one can lose their money if their trades go here and there just a little bit.

jaberwock

legendary

Activity: 2520

Merit: 1073

Quote from: shawonngp on March 19, 2024, 03:12:30 AM

Quote from: Ricardo11 on March 07, 2024, 10:56:49 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.

No, if trading and gambling both of different so their risk is also something different, gambling is too high because it's like win or loose but in trading you good chances to make profits, because if you have patient to holding until get profit but there are no such opportunity in the gambling, so i think trading is less risky than gambling.

I do agree that the risk is high in both of them and that is why people consider it the same, but that doesn't mean that we are going to end up with anything similar if we know what we are doing. I think it's quite important to realize that we are going to end up with a lot better results at trading and that should be the most important part. I hope that we could just consider the situation to be dissimilar when you end up learning how to trade, that's the most important thing.

I think what we do not know how the result will be and gamble differently when we do not know how to trade. In that situation then we can say that a newbie trader and a gambler could have quite similar results which would be a bit of a trouble.

Volimack

member

Activity: 392

Merit: 12

★Bitvest.io★ Play Plinko or Invest!

Trading and gambling are two completely different things. In trading skill plays a major role but in gambling it is all about luck. In gambling nothing is predictable but in trading many things are predictable and predictable. If you work according to that you can reduce the loss a little bit if you want to test but it does not happen in gambling.

Topic: Isn't trading almost like gambling? (Read 1331 times)