Online Gambling 'or' Day trading cryptos- Which one is more lucrative? - page 2.

elisabetheva

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Quote from: acener on April 08, 2021, 07:39:07 AM

It depends on your skill which one do you prefer or which one you could play right.
There are people who are more skilled in gambling compared to trading while other prefer trading because they have the skill and knowledge for it.
You just need to know which one you could do better and stick to it.

maybe I agree with our colleague above, that the skill in us who can know clearly is ourselves. because those who will do it can be sure to do it themselves even though they may be assisted by other people.
So give them a try yourself before taking any further steps.

Crypto trading is also currently good if you are really interested and want to try it or maybe invest in something else. all return to ourselves to be able to determine because everything will be done well if we understand.

I do not recommend gambling because I have never seen anyone who is rich because of gambling, but can have a lot of money from crypto trading there are still many who experience it and I have also experienced that. especially now that daily crypto trading is very attractive because the crypto movement is very passionate.

Kasabus

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Quote from: acener on April 08, 2021, 07:39:07 AM

It depends on your skill which one do you prefer or which one you could play right.
There are people who are more skilled in gambling compared to trading while other prefer trading because they have the skill and knowledge for it.
You just need to know which one you could do better and stick to it.

yeah, it really matters to us where we are confident of doing it and where we are more knowledgeable. Both of them can be considered lucrative but also depending on how we do it.

LUCK and Skills for Gambling
Knowledge and skills for Trading

probably, I have to choose to trade as I was more engaged with it than in gambling.

acener

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It depends on your skill which one do you prefer or which one you could play right.
There are people who are more skilled in gambling compared to trading while other prefer trading because they have the skill and knowledge for it.
You just need to know which one you could do better and stick to it.

Kong Hey Pakboy

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it depends on individual and for me I am more into day trading than Gambling. I do bet most time on weekend (Saturday) this is because that is the only time that there will be much sports fixtures to bet on but day trading is what I like doing most of the time. I check coin regularly and place order to make few bucks. It is risky but much better than gambling

Exactly it depends on personal preference, I too would lean more on daytrading rather than gambling because in gambling once you lose, the money goes away with it too while in trading, you can hodl for awhile if the price is at loss currently.

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Quote from: wiss19 on April 07, 2021, 09:56:01 AM

Into anything you are involving for long time, definitely you will get depressed at some point of time; there could be no exception like gambling/trading etc. But, people love to do something for long-term when it remains profitable but unfortunately both trading and gambling may not remain profitable if you are over engaging with that. This must be the another reason why I am seeing both online gambling and day-trading are very much similar to each other.

To end your day profitable, you must gamble or trade only for limited period of time. But, you can prepare yourself in all other times but the actual part of trading or gambling should be only in limited period of time. This is how we can manage trading/gambling profitable regardless of it will be turning lucrative over the time.

If we are going to talk about "lucrative" I have to say gambling. Because in gambling you can bet on 9999x chance to win and you can win it, unlikely but you could still do it, in trading it is nearly impossible and in fact I do not know anyone ever that made 9999x return on investment, that may have happened before in history but we know how unlikely it is whereas at least one person in the world somewhere wins a 9999x bet somewhere. Which is why the "lucrative" side is definitely gambling for sure.

However we also have to be honest and say that gambling is a one side deal, it is skewed towards casinos and that is why it could be the most lucrative thing you do, or %99 of the time you will just lose all your money, that is more likely outcome, in trading even if you lose %50 of your money you still have some, you can't really go to zero with it.

cryptolord2077

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Which of these is more profitable will depend only on your skills and abilities. In general, if we draw a direct and clear parallel, then trading differs from gambling in that in gambling you often play against the casino, almost always, and the casino is designed in such a way that you always have a negative mathematical expectation. While there is no such dependence in trading. Both of these activities are working with probabilities, which means that in trading, in my opinion, there are more chances, because there are no things that intend to worsen your chances.

Issa56

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Gambling is completely different from trading you can't definetly compare the two with each other. I don't really know much about gambling but I believe daily trading is kind of better than gambling. Gambling is betting you can definitely loss all your funds easily but as a day trader you can lose your fund but I don't think you can lose your money completely as far as you did not buy a shit coin or you are not trading pump and dump coin. There are lot's of reasons why I believe trading is better than gambling and am personal a trader so I really believe in what I do.

Lanatsa

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Quote from: tvplus006 on April 07, 2021, 01:51:26 PM

Quote from: Imran232 on April 07, 2021, 01:37:46 PM

If you ask my opinion then i would like to go for trading. There is a simple reason what is trading is game of skill and online gambling is a game of luck. Now what will you choose? What do you think which is more risky yes gambling is more risky. No doubt online gambling is very easy to use to make huge profit and also 99%, loss. But for trading it all depends on your skill. If you can developed your skill then you will be profited. And also you will be developed day by day after trading. But in gambling you can't soo always i would like to use trading and try to avoid gambling. Thank you

It depends on everyone how they perceive gambling and trading. If you treat trading as gambling, then you can only hope for luck, trying to predict in which direction the market will move. And in this case, you will have a chance to get a 50x50 profit. But using technical analysis, we can greatly increase our chances in trading, which is impossible in gambling.

Gambling games can be also classified into two which there are pure luck-based and strategic based which it would really
be a bit different but overall gambling isn't something right for you to rely on when you do aim for long term profits.

Trading could really be the only one could fit out those long term profitability or sustainability if you do make it right.Somehow, getting into this situation
or status would really be simple as it sounds.

Lucrative or worth? Trading would be the choice but for entertainment and leisure then gambling would serve its purpose.

Darkelf11

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Among the choices, I guess it's on both sides in trading and gambling you only have one choice which is won or lose that's the only option but in different ways like in gambling, you choose what time you would think going to win it's like you are letting your money to the hands of other people. In trading, you manage your money and it depends on your knowledge in trading how you will learn.

In my perspective, I choose both not all the time there's a game for gambling or luck and not all the time the market is volatile so choose where you can earn.

tvplus006

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Quote from: Imran232 on April 07, 2021, 01:37:46 PM

If you ask my opinion then i would like to go for trading. There is a simple reason what is trading is game of skill and online gambling is a game of luck. Now what will you choose? What do you think which is more risky yes gambling is more risky. No doubt online gambling is very easy to use to make huge profit and also 99%, loss. But for trading it all depends on your skill. If you can developed your skill then you will be profited. And also you will be developed day by day after trading. But in gambling you can't soo always i would like to use trading and try to avoid gambling. Thank you

It depends on everyone how they perceive gambling and trading. If you treat trading as gambling, then you can only hope for luck, trying to predict in which direction the market will move. And in this case, you will have a chance to get a 50x50 profit. But using technical analysis, we can greatly increase our chances in trading, which is impossible in gambling.

Imran232

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If you ask my opinion then i would like to go for trading. There is a simple reason what is trading is game of skill and online gambling is a game of luck. Now what will you choose? What do you think which is more risky yes gambling is more risky. No doubt online gambling is very easy to use to make huge profit and also 99%, loss. But for trading it all depends on your skill. If you can developed your skill then you will be profited. And also you will be developed day by day after trading. But in gambling you can't soo always i would like to use trading and try to avoid gambling. Thank you

Findingnemo

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Quote from: justdimin on April 06, 2021, 02:41:26 PM

Quote from: Armani123 on March 21, 2021, 10:09:29 AM

With all the information stated above, in my opinion, I would definitely prefer trading than gambling. Speaking of gambling, I still gamble seldomly but I have had numerous unlucky encounters with sports gambling to stay away from it. Humans are the most complicated creatures to predict. Instead, I prefer casino games. Since there is no emotions but luck it will always be my choice of gambling.

Well, IMO it all depends on what you as an individual likes. I am the type of person that doesn’t like gambling, and I have always stayed clear from it so if you ask me that kind of question I am definitely going to tell you that trading is the better option. But, that doesn’t mean that there are not people who are making money through gambling, some people are doing that.

I am seeing people who are investing money that’s worth thousands of dollars in gambling, and most of them around my side are into sports betting, that’s the trend for them this side. Some of them will place bets with these huge amounts of money and still lose them all. This is really crazy. Well, that can also be the same situation when it comes to trading but that one can be controlled by using stop loss.

Trading should not be overdone but its 24/7 market, so who knows the time may comes at any time for a day trader and when someone is so desperate about making money with their day trading is at high risk of getting depressed. Even the people who loves to trade needs to take break and spend time with their family and friends then just allocating separate time will lessen the risk.

posi

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Quote from: wiss19 on April 07, 2021, 09:56:01 AM

Quote from: Findingnemo on April 04, 2021, 09:41:58 AM

Trading is kind of depressed when you do it all the day, why trading is supposed to be like that? You can take a break and just avoid watching the price charts all the time. Slots can make a person depressed too if they win and lose and win then again lose but finally they return to home with nothing.

Into anything you are involving for long time, definitely you will get depressed at some point of time; there could be no exception like gambling/trading etc. But, people love to do something for long-term when it remains profitable but unfortunately both trading and gambling may not remain profitable if you are over engaging with that. This must be the another reason why I am seeing both online gambling and day-trading are very much similar to each other.

I supported what you said because even drink of water or eating food can also be depressed at some point if no limit is added and no gambler or crypto trader will continue to make lost and won't think about it. My believe is that is life teaching us a lesson that whatever we do simultaneously without limit can affect our daily life and that's why some company in the UK are trying to help people who trade cryptocurrency 24/7.

wiss19

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Quote from: Findingnemo on April 04, 2021, 09:41:58 AM

Trading is kind of depressed when you do it all the day, why trading is supposed to be like that? You can take a break and just avoid watching the price charts all the time. Slots can make a person depressed too if they win and lose and win then again lose but finally they return to home with nothing.

Into anything you are involving for long time, definitely you will get depressed at some point of time; there could be no exception like gambling/trading etc. But, people love to do something for long-term when it remains profitable but unfortunately both trading and gambling may not remain profitable if you are over engaging with that. This must be the another reason why I am seeing both online gambling and day-trading are very much similar to each other.

To end your day profitable, you must gamble or trade only for limited period of time. But, you can prepare yourself in all other times but the actual part of trading or gambling should be only in limited period of time. This is how we can manage trading/gambling profitable regardless of it will be turning lucrative over the time.

justdimin

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Quote from: Armani123 on March 21, 2021, 10:09:29 AM

With all the information stated above, in my opinion, I would definitely prefer trading than gambling. Speaking of gambling, I still gamble seldomly but I have had numerous unlucky encounters with sports gambling to stay away from it. Humans are the most complicated creatures to predict. Instead, I prefer casino games. Since there is no emotions but luck it will always be my choice of gambling.

Well, IMO it all depends on what you as an individual likes. I am the type of person that doesn’t like gambling, and I have always stayed clear from it so if you ask me that kind of question I am definitely going to tell you that trading is the better option. But, that doesn’t mean that there are not people who are making money through gambling, some people are doing that.

I am seeing people who are investing money that’s worth thousands of dollars in gambling, and most of them around my side are into sports betting, that’s the trend for them this side. Some of them will place bets with these huge amounts of money and still lose them all. This is really crazy. Well, that can also be the same situation when it comes to trading but that one can be controlled by using stop loss.

Fredomago

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Quote from: isaac_clarke22 on April 04, 2021, 01:49:35 AM

Hello Armani123.
I agree to what you had chosen between the two.
In sports gambling, you either get the double or lose it all mostly.
In day trading, at least from my experience, I still managed to get what I thrown maybe got losses but still I still manage to recover my funds.

There are bad habits in gambling that I just do not want to apply.

With good control and patience you'll able to recover your fund or if you are lucky you can compensate by waiting for your assets to bounce back and bring the good run.

While in gambling after placing your bet and if happened that the bet lose, there's no way for you to recover unless you'll try to put more money and risk another sets of amount to try some luck to come after you.

Adding more risk with the same amount of chance between losing and winning.
Tough but that's reality inside gambling, you choose the right one there.

Findingnemo

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Quote from: bitgolden on April 03, 2021, 03:15:54 PM

Quote from: Findingnemo on April 03, 2021, 03:44:38 AM

Interesting question though but answer can be both or anything depends on what kind of user we are. I am actually lay dice when I am bored so I can feel the fun and excitement of winning something but when I am in gambling mode and wanted to test my skill and luck on the same time then day trading will be my priority because if we lose or win on gambling we may not take the blame completely on our shoulders but if we lose or win on day trading we are totally responsible even though we got some luck so it is like kind of achieving something.

I feel like slots are my thing, that's a lot more fun, I gamble both with real money when I have it (crypto of course) and if not I just play on my phone because there are apps that you play and it has fake money so it's still fun. I also do not like the person I turn into when I am investing, because at the end of the day I get scared, stressed, paranoid and many other things when I am trading and it really turns me into a depressed person all around even if I make money.

However the question is not which one is better, the question is which one is really something that would be profitable for you, because you can have fun with slots all you want and you can be depressed about trading all you want but in the end if you make profit with trading and you lose money with gambling, that means there is one clear choice and that's trading which is why even though I dislike it, I still do it.

Trading is kind of depressed when you do it all the day, why trading is supposed to be like that? You can take a break and just avoid watching the price charts all the time. Slots can make a person depressed too if they win and lose and win then again lose but finally they return to home with nothing.

geegaw

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Quote from: Ryker1 on April 03, 2021, 05:52:11 PM

Quote from: Yamifoud on April 03, 2021, 05:40:37 PM

[snip]
I'd rather have to choose trading which I know myself that I can improve my skills and knowledge to make money without depending on luck.

Well, you have a point there --trading is less risky and I think also a lucrative one.
Because for me, gambling is based on luck that the chances of winning will perhaps very slim while trading there are chances that could be your skills and knowledge will improve. However, there's nothing different between them when we talk about risk but if we are talking about improvement skills and knowledge there is a possibility that it will be improved.

Disagree when talking about risks because the risk in gambling is that you will not receive a refund when you lose while trading will refund some of the money you invested, especially you can control the process very closely, frankly you will decide how much you can lose, so if you say the risk of making no distinction is a big mistake. A system that invented methods for withdrawing money from people, a system created based on knowledge and thinking to make money, maybe even partial capital withdrawal after failure, it is clear that we were able to come up with the best choice without further thinking

isaac_clarke22

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Hello Armani123.
I agree to what you had chosen between the two.
In sports gambling, you either get the double or lose it all mostly.
In day trading, at least from my experience, I still managed to get what I thrown maybe got losses but still I still manage to recover my funds.

There are bad habits in gambling that I just do not want to apply.

Zilon

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You just made a nice summary of the both. I rather trade than gamble although both involves proper risk management. But with proper analysis trading could be more profitable than gambling. Despite the technique adopted to predict a sports game or a casino there is every tendency that the games might be manipulated or even higher chances that the weaker opponents might end up getting more prepared than the stronger thereby making many loosing out of their prediction. For me trading is best because you might close a position if the market goes against your prediction with incurring a complete loss of fund. But to be successful in trading prior knowledge and well structured strategies has to be put in place for massive returns

Topic: Online Gambling 'or' Day trading cryptos- Which one is more lucrative? - page 2. (Read 961 times)