Online Gambling 'or' Day trading cryptos- Which one is more lucrative? - page 3.

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Quote from: BIN-BIN on March 21, 2021, 11:36:23 AM

Gambling and trading are two different activities with both having different purpose in an individual life, in trading you are doing it with the sole aim of making profit's, while in gambling you gambling to have fun and at the same time make some money but the fun in playing the gambling games make it different from trading to me.

No doubt both mode of making money are very different but many don't seem to agree with that, they misunderstand speculators to traders that's why they feel trading is more of gambling than actually studing and utilizing your knowledge of the market to your advantage.

With trading we have more of skills, knowledge acquired (which is experience) and some little bit of luck factor been on your side to be able to profit while gambling strictly had to do with luck.

You're basically guessing when you gamble but with trades you're making your prediction based on the raw data the market presenting to you.

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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.

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Quote from: TimeTeller on April 03, 2021, 05:50:06 PM

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

If we don't have luck in trading, we surely end up losing our funds. And this will also happen in trading if we don't have better knowledge and advanced skills.
It is a better way of understanding which one of them makes you feel that you are good. To say that gambling is lucrative and we have to gamble also? It wasn't like that unless if we are too lucky in gambling. 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.

I will choose trading as well, as you know, your chance here does not depend in pure luck.
And also, it depends on the person. Some gamblers can say that gambling is a lucrative one especially those in sportsbetting.
However, if you are not well acquainted with sportsbetting, you will prefer trading.
So this question is a very subjective one, as it varies from one person to another.
It depends on the capability and skills of the person involved.

When we do talk about odds then its clear as day on what thing is really worth of for your to engage on specially on long term.Talking about lucrative then both could give that
but they do differ on the risk that you would be needing up.

If you are a type of person who doesnt like to risk up that more then gambling isnt for you.Go for things that could run for long term which is on trading.

It might not be attainable for a short period of time but it is really worth once you do able to take some grasp of it.

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

If we don't have luck in trading, we surely end up losing our funds. And this will also happen in trading if we don't have better knowledge and advanced skills.
It is a better way of understanding which one of them makes you feel that you are good. To say that gambling is lucrative and we have to gamble also? It wasn't like that unless if we are too lucky in gambling. 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.

I will choose trading as well, as you know, your chance here does not depend in pure luck.
And also, it depends on the person. Some gamblers can say that gambling is a lucrative one especially those in sportsbetting.
However, if you are not well acquainted with sportsbetting, you will prefer trading.
So this question is a very subjective one, as it varies from one person to another.
It depends on the capability and skills of the person involved.

Yamifoud

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If we don't have luck in trading, we surely end up losing our funds. And this will also happen in trading if we don't have better knowledge and advanced skills.
It is a better way of understanding which one of them makes you feel that you are good. To say that gambling is lucrative and we have to gamble also? It wasn't like that unless if we are too lucky in gambling. 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.

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Quote from: wiss19 on March 30, 2021, 03:21:15 PM

Gambling is not more profitable, it is just more dynamic and explosive. It is similar to saying that crypto trading is more profitable as compared to stock market. It is not true because crypto trading is just more volatile doesn't mean it is more profitable...

But it is the high volatility of the cryptocurrency that allows you to earn a big profit during the day. But this is really only possible if the trader follows a strategy that reduces the risk of losing the deposit. Otherwise, this high volatility of the cryptocurrency will only bring losses.

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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.

Findingnemo

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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.

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Day trading is a very appropriate and very good choice rather than having to gamble online. I never touched gambling, just a few comments and never played it.
Every day I trade and get some profit.

Day trading also requires technical analysis and fundamental knowledge. Analysis must be done, charts must be considered. Day trading is carried out continuously. Take small profits but as often as possible.

And the most important thing is the psychological problem. Trading without good psychology will only bring you losses.

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You have something that in these parts is known as a saying "Rice with mango" you throw yourself a speech there (OP)... that does not have the slightest sense of comparison in its process, maybe in its result.

One can count apples and pears (!?) as fruits yes, there is a pear and an apple, but in individual tastes the differences come.

It is individuals who determine success or failure, based on their knowledge and skills in the activities they wish to carry out.

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Basically, people have different views about this.

Depends on where is our comfort zone, then make most of our time there.

Be it gambling or trading, as long as we know how to manage this, then we can make profits out from doing this.

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Quote from: Viscore on March 29, 2021, 08:28:19 AM

It is neither to tell which is more lucrative and which one is not. Only we can tell that if we all tried them both but the question is are we good at them?
It has if the different situation and I know that nobody has the ability to keep them both running at the same time but probably, we have to choose which one we are preferred and confident of doing. Because if you choose one of them, you are also to confirm that this was more lucrative than the other.

Surely gambling is more lucrative but not everything that is more lucrative is better. Gambling and trading are two very different prospects because while one focuses on earning money (trading) the other is meant for fun and spending money (gambling) and if you are comparing them as money-making sources, then surely gambling is not fun for you which is disastrous in the loing term.

Quote from: kolbalish on March 29, 2021, 08:59:29 AM

Speaking of lucrative, the fact is that gambling is attracting. Gambling is more profitable so it is interesting. Although it is risky. The higher the profit, the higher the risk. It depends on fate. Whether work is done or not, fate determines everything here. On the other hand, the profit in trading is sometimes high, sometimes low, or sometimes loss. However, the risk is low. You have to be active in trading as physically as mentally. Above all, I am highlighting the risk from lucrative.

Gambling is not more profitable, it is just more dynamic and explosive. It is similar to saying that crypto trading is more profitable as compared to stock market. It is not true because crypto trading is just more volatile doesn't mean it is more profitable.

Gambling at 5 odds cannot be called more profitable as compared to gambling on 1.01 odds because with the higher profit, there comes the extra risk and higher chances of loss too.

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Day trading all the way, I mean any rational mind will choose day trading any time of the day against online gambling. Online gambling relies on luck and probability and those things are low when you are a player and when you lose that's about it, yes there are wins and if you know when to quit you might be able to make some profit but not everyday is a winning day for gambling and in the long term you aren't getting any growth in your money. Day trading can be a skill that you can hone through doing analysis which will make you profitable in the end, I mean you can still lose but you can choose not to sell when the prices are going down, you can hold until you can earn a profit.

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

Well, which one suited you more: gambling or day trading cryptos?

In simple words - Day Trading

Reasoning: Basically with gambling, you either lose or win but with day trading you can at least wait for few extra days and the market might recover. It is always better to give yourself higher chances and trading already fulfills that.

Another disadvantage with gambling is that you play against the house that not only has a massive bankroll but also has the edge against you mathematically. In trading you are not trying to win against someone, instead, you are trying to read and analyze the market. Gambling is better for those who are sports bettors and know how to minimize the edge by their analysis of the matches.

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Quote from: ScamViruS on March 29, 2021, 07:48:20 AM

You are comparing two different things in the same way here. Trading is an investment which makes those who trade a little more serious about the movement of the market. You don't just have to look lucrative from the outside. A trader has to work hard to be a profitable trader. And gambling is a very risky thing. Entertainment is more involved with gambling than just wanting to make money. If you are greedy to make more money in gambling, your risk of losing will increase manifold. There are many gamblers who gamble only for entertainment.

So the two platforms should be considered separately rather than figuring out which will be more lucrative.

I agree on this one on why it would really be needed up to choose among the two when it comes on being lucrative.

Its clear that trading would really be that worth since this is a thing that can really give you out the probabilities or chances to sustain yourself in long term runs rather than or compared to gambling.

Dont try to compare the two when you are really looking on lucrative part because the answer is pretty obvious for this one.It is just on how you do treat up each one of them.
One is no doubt to be a worthy thing to deal and one is just solely for entertainment.

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Quote from: palle11 on March 29, 2021, 02:38:03 AM

You are having a good analysis about these two different discuss yet related in nature especially as they are mostly related to online.

IMO, I think that trading is learned and more professional than gambling. It is believed that if you learn trading, you can do better than someone who did not learn it but just trades on the market. But gambling is strictly looked at as a lucky game. I remember in time ago when gambling has not become popular, it was usually referred to as lucky deep. That is the classification of gambling. it is believed to be unprofessional although the times are changing.

Depends on what kind of gambling. In a game like poker you are looking at something quite similar to trading, sure even in poker we are talking about luck, a newbie could have a four of a kind versus phil helmuth and could beat him straight up, but in a 20 hand game he is going to beat you even with that lucky hand. This is why I think it's obvious that poker could be like trading, they are very similar, and in both of them you can build a strategy as well as you can for decades but luck plays a role however experience still can recover faster and get better, and veterans can create their own luck out of nothing as well.

But, if we are talking about something like roullette? dice? plinko? Those are nothing like trading, those are just house edge games that are designed to make you lose and that's it, so I do agree that they are two very different things and trading is a lot better if you learn how to do it.

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Speaking of lucrative, the fact is that gambling is attracting. Gambling is more profitable so it is interesting. Although it is risky. The higher the profit, the higher the risk. It depends on fate. Whether work is done or not, fate determines everything here. On the other hand, the profit in trading is sometimes high, sometimes low, or sometimes loss. However, the risk is low. You have to be active in trading as physically as mentally. Above all, I am highlighting the risk from lucrative.

Viscore

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It is neither to tell which is more lucrative and which one is not. Only we can tell that if we all tried them both but the question is are we good at them?
It has if the different situation and I know that nobody has the ability to keep them both running at the same time but probably, we have to choose which one we are preferred and confident of doing. Because if you choose one of them, you are also to confirm that this was more lucrative than the other.

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You are comparing two different things in the same way here. Trading is an investment which makes those who trade a little more serious about the movement of the market. You don't just have to look lucrative from the outside. A trader has to work hard to be a profitable trader. And gambling is a very risky thing. Entertainment is more involved with gambling than just wanting to make money. If you are greedy to make more money in gambling, your risk of losing will increase manifold. There are many gamblers who gamble only for entertainment.

So the two platforms should be considered separately rather than figuring out which will be more lucrative.

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Quote from: palle11 on March 29, 2021, 02:38:03 AM

Quote from: XZERO1 on March 28, 2021, 09:00:12 AM

I'm not sure that's a very good idea to make a comparison with two very different activities, since one was created for fun and entertainment(Gambling) for the most part and the other one could be considered as a job or a part-time job at the very least(Trading).

You are having a good analysis about these two different discuss yet related in nature especially as they are mostly related to online.

IMO, I think that trading is learned and more professional than gambling. It is believed that if you learn trading, you can do better than someone who did not learn it but just trades on the market. But gambling is strictly looked at as a lucky game. I remember in time ago when gambling has not become popular, it was usually referred to as lucky deep. That is the classification of gambling. it is believed to be unprofessional although the times are changing.

There are many types of gambling and some of them already have the status of sports competitions. Gambling games such as poker can not be considered as a game of luck. It is poker that can be compared to trading to some extent, since it is impossible to do without professional knowledge in this game.

Topic: Online Gambling 'or' Day trading cryptos- Which one is more lucrative? - page 3. (Read 961 times)