Topic: Online Gambling 'or' Day trading cryptos- Which one is more lucrative? - page 4. (Read 943 times)

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.

Actually considering gambling to be a source of income or a means to generate a profit was for me a sort of things that don't need to figure it out because it was so impossible to make it as a means of generating a profit. Me in myself, i don't personally considering it as a lucrative coz it's a total kind of risk means there is no other way around than expecting your capital life in a win or lose aspect that has a sort of luck flavored on it. I didn't mean that trading was not risky, but here you can apply for a technical analysis and skills you have to wim from it.

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).

I get that many traders(specially day traders) lose money and some even treat it as gambling and buy just randomly without hesitation, just how exactly you place bets, but that doesn't change the fact that trading while knowing what you doing could have better return/profit than gambling which is just for fun and many people do it just for the dopamine rush.

Example: As a trader you buy something (that is not scam) and you fail in selling higher because price went lower, but you have the chance to sell higher in the future or at least 30-40% of your money back at the end if it doesn't work out, but as for gambling it's either win or lose for you and nothing in the middle and that means it has more risk and more reward.

Both trading and gambling can cause serious losses for you if you can not responsibly trade or gamble. Being responsible gambling or responsible trading is not what all people can do.

They mostly lose control of their minds after streaks of win or losses. Only exchanges and gambling sites will get benefit from their tradings or gamblings.

Trading has its beauty and it can help you to stay being lively in the market. Nevertheless, don't allocate more than 10% of your capital for trading. Perhaps an allocation of 1% of your capital for gambling is big enough.

Gambling is a vice while trading is something to be learned that can benefit you in the future. I prefer trading because you acquire real skills here that you can also apply to other types of trading like forex or stocks. This can be a real skillset that you can use until you are old or can't work anymore. You can also use your trading knowledge by teaching someone in exchange for money. Unlike in gambling you just need to know the mechanics of that game then you are ready to go.

There has been multiple long debate in the past for comparing trading with gambling and this time OP is starting another one for the lucrative characteristic these two. I would say gambling is more lucrative than what usually traders looking for. Practically we cannot expect about big returns out of trading for the same capital but in gambling for your same bet amount, you can expect unlimited returns in most gambling types. This may be the reason, the number of occasions where people are losing money more frequently in gambling compared to trading.

Honestly I do feel more greedy while I am gambling but I am simply sticking with my technical analysis while trading. I mean I'm not ready to alter my target levels based on market conditions but I will simply book profits at targets as per technical part but in gambling I may continue as long as my luck factor favors me.

Trading without the knowledge or basic lesson about trading will not give you the profit and many of us fail to profit from trading.
Learning more will be the only thing that you can do in case to make a profit.
Gambling without luck can not give you the chance to win, but you can try to learn about gambling games based on sports betting skills, so you will have more chances to win.
If you can know how to choose the team that can win, you can expect to win the game and make money.
You know which will be more lucrative between online gambling and day trading because both have advantages and disadvantages, and you need to learn if you want to make money.
But I do not suggest you gamble as that can make you lose your money in the long term.

When comparing online gambling and day trading, in my opinion, online gambling is much more profitable. Because if we do day trading, the profit
that can be generated cannot be too large, because it will be very risky if day trading takes profit above 3%. Therefore, in my opinion, online gambling
can provide much greater benefits, but the problem is the risk of online gambling is much greater than day trading.

It is very possible for us to lose all the capital we have when playing online gambling. Meanwhile, for day trading, we can use the stop-loss feature
so that we don't lose all our capital. Because in my opinion online gambling is only for entertainment, it is not suitable if it is used for a source of income.
So my advice if we really plan to find a source of income, it's better to choose day trading, even though the profit generated is  not as big as what
online gambling can make. At least day trading is much safer.

Day trading would be the priority if you are skilled one in the field of trading, which is as obvious as it sounds! Gambling is part of gaming, luck, and some logical strategies based on which you can play them and earn your bucks. It purely is result of mathematical outputs, you know - what the current house edge rate, how many people are loosing at the time you are playing or vice versa. That will need to be pushed with your logic and play the game to win most of it. However - Risk is highest! Once you loose the money, well you loose!

However, in case of day trading or any trading for that matter, could get you another chance to recover the money when market turns itself in the bull zone. The risk as compared to the gambling is moderate. With added skills you can do miracles in the same.

Tbh, both activities have some advantages and disadvantages which can cause a long-term addiction if the person has no mental control over himself. In gambling, luck is a more important factor since traders rely on statistics which creates a long term pattern. There is no need to compare the both because the pro traders never like to see them called gamblers by other people.

Well there are very few people who do well with gambling, 7 years playing and getting good results is not bad at all, and what you think about how to attack the different games in the casinos is fine. Although in trading everything is different, because you would no longer be doing things randomly and you would not totally surrender to luck.

I think that the difference of intraday trading with gambling is that with trading you establish your plan and there are many probabilities that it will give you benefits with a high success rate, with gambling you have to have a great streak and know how to control emotions to the maximum so as not to lose more than normal, like trading many when they enter they only take account of how much they want to win and not how much they are willing to lose. Many trade leaving everything to chance, that is, they enter trading by gambling and it may work for them, but there will come a time when luck will inevitably not reach them and they may fail and that is what should be avoided at all costs. . The tools to help you are many, technical analysis, you can support yourself with volume analysis, in gambling and games of chance, the most important thing is the psychological part in knowing how you can act in the face of continuous losses and not fall into vice. Your experience encourages many, and 7 years playing and being successful is worth respecting.

It doesnt matter on where you do get information neither technicals or fundamentals then as long it would able to give you out some benefits towards your trades then that what really counts.
When it comes to lucrative thing then i dont usually joined up Trading and gambling no matter what for it is because it is truly different when it comes to investment which this one doesnt
really fit out on the criteria.So i would really be sticking out with trading cryptos even though this could be considered gambling but only when you dont know on what you are
doing then trading could really be considered to be risky as trading but somehow you can really learn on it which you can make yourself progress.

Well mostly you are right but there is a part of it and people can live for trading if they really focus on it. Being up to date with news and with all involving the market it gives you a edge over most of people trading.

The most lucrative way will be day trading mate, but it's very risky to do especially when it comes crypto, you know why? Because it's so volatile and sometimes very unpredictable tbh.. Wherein you need more time for it just to get the right timing to buy and sell. monitoring the movement in graph time in time will be the most important. So don't expect doing part time will be worth it to do.. Just friendly reminder mate..

For me it is depends on the perspective of a certain person, I'm into trading so of course I am part of the people who will says trading is more profitable. It is all about your edge, you cannot force yourself to do trading if you have a great skills in gambling. That is also applicable in vice versa where in you cannot force your swlf to do gambling if you are more used to do technical analysis. Knowing your risk appetite is also important where in you are aware what you should focus between trading or gambling for you to produce some profit. You can earn huge amount of money in both trading and gambling, having an edge will definitely help you to know what is more profitable between the two.

I’ll go for trading since the result are more predictable compare to gambling that any strategies will not work at all. In trading, we do analyze and that’s how we make money and the probability to win in gambling is too low yet its more risky. Nevertheless, these two are still risky and for me gambling is not a best place to make money because its for your entertainment only, while trading is full of work.

I prefer day trading, which is more lucrative than online gambling because, with so many coins on the market, we will have more chances to make a profit. You can say that you can play many gambling games in gambling, but the chances will not be too big, especially if you do not have skills for the gambling games based on the skills.

Both online gambling and day trading cryptos can be lucrative, but that will depend on how good someone has the skills in trading or the skills gambling games. If you buy one coin and the price is down, you will have more chances to see that coin will increase in the future, especially if you can buy the potential coin. But in the gambling game, even if you have skills in that game, you can not expect always to win as there will be more gamblers who have good skills in the games.

It is unfair to write  off both gambling and trading completely, these are jobs that serve as source of income to millions of people globally especially in countries where the level of unemployment is high.
I quite agreed that hodling is more profitable however can an unemployed individual keep on hodling with spending some money for daily upkeep? absolutely NO however a gambler or trader can afford some little profits earned from it to make end meet or buy stuffs and pay for some services.

I call it gambling every time I see someone is risking something to make more of it! So trading is gambling, and like any other gambling game, it has rules and regulations!
When you trade against whom you are trading? When I say in order to make a profit in trading, someone else needs to lose, would I be right? Now tell me how that can be different from poker? I will tell you the difference, in poker, you can play against 8 people on the table, on the exchange you are trading against hundreds or thousands... And unlike in poker where you see the amount of chips in front of every player, in trading, you don't know the capital of the players!

As I've said it differs from everyone on which is profitable or lucrative for you. But if you have an experience and you have proved it that in gambling it's more lucrative than day trading then you have a proof. You've said that it's probably gambling that's more profitable then at the end you said that it's worst than day trading. Having a decent profit, it's also available if you're going to do it with day trading but you need a decent amount for capital to make yourself make that much money on it. So yes, it really differs from everyone's experience.