Online Gambling 'or' Day trading cryptos- Which one is more lucrative? - page 5.

Oceat

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Quote from: sujonali1819 on March 24, 2021, 09:11:07 AM

Both are risky but crypto trading is more risky imo. In day trading user can lost a percentage only. But in crypto gambling user has a chance to lost all the portfolio by which the user doing gamble.

So I will say day trading is more lucrative than the crypto gambling. Because people who lost money in trading atleast they can hold it for some days. But it gambling people can lost all the money in minutes.

I would say it all depends on their skills because some people may make some from gambling and some from trading. But I prefer trading as a lucrative/profitable because you could see the situation far more ahead than in gambling.

Since just like what you said gambling may lose all of your money in a second depending on what games you are playing but still day trading is still profitable. Gambling is supposed to be for entertainment only and not for making money since it's more like of a hobby when you are gambling.

JooBra

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Quote from: tvplus006 on March 23, 2021, 06:16:18 AM

Online Gambling cannot be compared to trading, as it is primarily entertainment, not earnings. At the same time, trading is a job, and accordingly, it is inherent in the trading discipline. Trading will only become similar to Online Gambling if you treat it like a casino, increasing the order by 2 times when you close a trade unsuccessfully.

To be honest for most of people trading is like gambling since they can't control emotions. When you get your emotion under control then you can call yourself a trader and things can go better from there.

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Quote from: skarais on March 23, 2021, 10:01:52 AM

Afaik, when gambling has been used as a mean of making a profit, the player is considered a problem player and is not responsible for his gambling activity. Gambling should only be used as a mean of entertainment even though in practice the player can make a profit. Gambling is not really well treated as a way to make money because the risk is even higher than trading.

Day trading give us better control than gambling. When the asset price drops 20%, we still have at least 80% of the total balance. But gambling can force your emotion to exhaust all of your balance at once out of your desire to win money and cover loss. If it's me then day trading is one of the best than gambling if profit is the variable.

I do agree with that, I have talked about how gambling should not be for profiting but should be for entertainment, but some people unfortunately keep gambling based on hopes of profiting, that seems to be as wrong as it gets.

However if you take gambling as a source of fun, you could actually do great, winning is great, friendships are great, watching a game while having a bet on that game makes the game so much more exciting as well, even if you are not fan of either team you would be having super fun if your team wins or sad that other team wins and basically makes everything so much more tasteful. Trading on the other hand is a job, there are people who are hired by companies to trade daily based on the numbers and so forth, that's great and there are people who lose but that doesn't mean that you have to lose, there is no guarantee of that on trading.

k@suy

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Quote from: tvplus006 on March 23, 2021, 06:16:18 AM

Online Gambling cannot be compared to trading, as it is primarily entertainment, not earnings. At the same time, trading is a job, and accordingly, it is inherent in the trading discipline. Trading will only become similar to Online Gambling if you treat it like a casino, increasing the order by 2 times when you close a trade unsuccessfully.

Online gambling and trading was too far different form each other. The two areas are both okay to be considered with with their respected areas where they belong. But its true that online gambling was mostly intend for entertainment but there are some of us here who are trying their luck in online gambling to earn here while. For me the only common thing about gambling and trading was that it is both risky.

sujonali1819

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Both are risky but crypto trading is more risky imo. In day trading user can lost a percentage only. But in crypto gambling user has a chance to lost all the portfolio by which the user doing gamble.

So I will say day trading is more lucrative than the crypto gambling. Because people who lost money in trading atleast they can hold it for some days. But it gambling people can lost all the money in minutes.

Distinctin

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Gamblers will say Gambling is more profitable. And obviously, of course, Traders will also say trading is more Lucrative.

Whatever you are, if that you are a Gambler or Trader, don't make compared the two because you are not doing both to give a reason that you can say which one is better. Because some people are not good at trading but they lucky in gambling, and some people also are good at trading but very unlucky in gambling.

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Quote from: longyenthanh on March 23, 2021, 08:15:37 AM

Besides the fact that I would never compare day trading to gambling, in my opinion both are useless and don't work. HODL is the only key to success no matter which trading industry you are into. Those who invest for long term never loose. See Bitcoin stats and you will get to know why HODL is so important.

Well, at least you can give what is ceasers to ceaser because we are talking about gambling which is mathematically impossible to profit because of the house edge versus trading which you could make money if you know what you are doing. Sure in trading, there is a luck involved as well and in gambling there is some expertise, both of them have some common stuff that we could see but the reality is that gambling is just gambling, and you lose all your money as long as you keep gambling, even if you turn 1 dollar into 1 million dollars, if you keep gambling you will lose it.

Trading doesn't have that and that is why I think it is obvious that we should pick trading if we want to learn one of them. I would advise people to read about and study trading so that even if you lose money there, it is not guaranteed and there is a chance of profit unlike in gambling.

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Quote from: worle1bm on March 23, 2021, 10:01:46 AM

Both can give you decent profits if you possess skills in both the field of trading and gambling.In trading you can have market prediction and invest accordingly but gambling is pure risk game as you don't know whether you will win or losse depending on the game you are playing.But if you learn strategies to know move of other players you have certain advantage over profits.So both have their own advantages and limitations so it's your personal choice which one to follow or follow both at the same time.

The skills to win gambling are only the thoughts of individuals who are not well aware of the gambling process, gambling games designed to bring people into a world full of illusion, with our little skill and trick, it's not enough to beat this pre-programmed system, even in real life gambling battles, casino staff members cheat too easily with their manipulation and techniques. The daily trading offers many advantages over gambling, our skill may be few but it is still effective and useful for analysis, not make decisions without thinking will not bring too much risk

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If you want to lose your money overtime then you can do online gambling because statistics show that overtime the wins that you get from gambling is slowly going downhill and it is a no brainer that day trading is the more lucrative because in this way despite the risks, there is still a possibility of going back up much faster compared to gambling.

skarais

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Afaik, when gambling has been used as a mean of making a profit, the player is considered a problem player and is not responsible for his gambling activity. Gambling should only be used as a mean of entertainment even though in practice the player can make a profit. Gambling is not really well treated as a way to make money because the risk is even higher than trading.

Day trading give us better control than gambling. When the asset price drops 20%, we still have at least 80% of the total balance. But gambling can force your emotion to exhaust all of your balance at once out of your desire to win money and cover loss. If it's me then day trading is one of the best than gambling if profit is the variable.

worle1bm

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Both can give you decent profits if you possess skills in both the field of trading and gambling.In trading you can have market prediction and invest accordingly but gambling is pure risk game as you don't know whether you will win or losse depending on the game you are playing.But if you learn strategies to know move of other players you have certain advantage over profits.So both have their own advantages and limitations so it's your personal choice which one to follow or follow both at the same time.

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Both differ from one another and seems to be incomparable. The common denominator both can have is that there will always be certain risks that are associated on getting along on either of the two and the presence and possibility of loss is more than having gain or profit. But I would rather choose trading more than gambling due to my own personal reasoning and perception that I find trading to be manageable rather than gambling. Well, that is just for my perception but other people can have different point of view other than mine. Both are unique on their own practical ways and you have the freedom to choose whether of those two you will have to deal with and which will suit upon your preference.

blckhawk

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Quote from: crzy on March 21, 2021, 04:55:27 PM

Gambling is profitable if you’re lucky enough to hit the jackpot and it will happen at no specific time.
In trading, we make money through our hard work, we do analyze the market as much as we could so we can hit our target profit everyday, or even every month. Personally, I still believe that Trading is more profitable that gambling though both are risky but in trading you can less that risk by analyzing the whole trend.

The thing is IF your luck will prevail which is less chance for it to happen, unlike trading where the result can be done exactly as what you have analyzed. Both can be risky but it will all depend on where you are more skillful like if you doing trading for a long time, making technical analysis, reading the market chart, and more then it would be less risky but if you are good at gambling like you are doing it for a long time, you made a good performance on your play history then probably gambling will be much perfect for you. If you want something lucrative then focus and learn whether gambling is or daily trade.

Quote from: longyenthanh on March 23, 2021, 08:15:37 AM

Besides the fact that I would never compare day trading to gambling, in my opinion both are useless and don't work. HODL is the only key to success no matter which trading industry you are into. Those who invest for long term never loose. See Bitcoin stats and you will get to know why HODL is so important.

I'm just thinking if you accumulate all of your profits on your daily trade wouldn't be comparable to the profit you will have if you go for HODL? Sure there will be some losses on it but there will be time bonus profit will come like 3-5x of it. Or perhaps it might not have the same amount of outcome but pretty sure it won't be that far. Besides, as far as I know, there are several people who can able to pull it through.

longyenthanh

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Besides the fact that I would never compare day trading to gambling, in my opinion both are useless and don't work. HODL is the only key to success no matter which trading industry you are into. Those who invest for long term never loose. See Bitcoin stats and you will get to know why HODL is so important.

davis196

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Why the hell are you even comparing gambling to day trading?
Those two cannot be compared.
Nothing is lucrative,unless you put some effort and work hard to learn and practice.
Gambling is mostly about luck.All the talk about having a strategy in gambling is just fooling yourself that you have control over the game and creates a false sense of confidence.Most gamblers are delusional.They think that they can win against the casino.In the long term,everyone loses.
On the other hand,luck isn't a factor at all in day trading.It's all about learning the markets and being persistent.

imstillthebest

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Quote from: tvplus006 on March 23, 2021, 06:16:18 AM

Online Gambling cannot be compared to trading, as it is primarily entertainment, not earnings. At the same time, trading is a job, and accordingly, it is inherent in the trading discipline. Trading will only become similar to Online Gambling if you treat it like a casino, increasing the order by 2 times when you close a trade unsuccessfully.

if trading is a job then its not the trading that will become simillar to a casino but its the casino that will become simillar to trading if you treat casino same as a job or you can also say that trading will become simillar to a casino if you treat trading as an entertainment because every people has their own kind of fun .
if we will foccus in the word gambling and not in the games both are comparable because gambling is an act of depositing and trading your money in the form of crypto .

tvplus006

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Online Gambling cannot be compared to trading, as it is primarily entertainment, not earnings. At the same time, trading is a job, and accordingly, it is inherent in the trading discipline. Trading will only become similar to Online Gambling if you treat it like a casino, increasing the order by 2 times when you close a trade unsuccessfully.

Wind_FURY

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Quote from: nelson4lov on March 22, 2021, 04:59:11 PM

Quote from: Question123 on March 21, 2021, 04:48:04 PM

Gambling is high risk to lose your money but at the same time you will earn money fastly, but the trading are less risk but it takes time for your money to grow so I think they have advatanges and dis advatanges but If Im going to choose only between the two I will stick to trading because It is more profitable income than online gambling.

In my opinion, it depends on the individual and what they're naturally good at. The first thing to note is that both gambling and trading involves a significant amount of risks. It's true that gambling can grow one's money faster (if majority of the bets are won) than trading but that was true for the last couple of years where majority of crypto trading was done on spot exchanges, it the introduction of leverages and futures trading in recent years, it has become much easier to get profits if the trade goes the way of the trader. For instance, 10% increase on a 10x leveraged position is same as 100% increase or 2 odds or 2x multiplier (for gambling).

But none of both gambling, or leveraged trading is “more lucrative” because both of them brings the person under a high level of risk of losing their capital. Would you put all your savings in a 10x leveraged trade? It’s OK if the amount is small and something you’re willing to lose, like $100.00.

Only Bitcoin, Only HODL. Cool

nelson4lov

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Quote from: Question123 on March 21, 2021, 04:48:04 PM

Gambling is high risk to lose your money but at the same time you will earn money fastly, but the trading are less risk but it takes time for your money to grow so I think they have advatanges and dis advatanges but If Im going to choose only between the two I will stick to trading because It is more profitable income than online gambling.

In my opinion, it depends on the individual and what they're naturally good at. The first thing to note is that both gambling and trading involves a significant amount of risks. It's true that gambling can grow one's money faster (if majority of the bets are won) than trading but that was true for the last couple of years where majority of crypto trading was done on spot exchanges, it the introduction of leverages and futures trading in recent years, it has become much easier to get profits if the trade goes the way of the trader. For instance, 10% increase on a 10x leveraged position is same as 100% increase or 2 odds or 2x multiplier (for gambling).

Lordhermes

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Quote from: GreatArkansas on March 21, 2021, 06:27:51 PM

Quote from: Lordhermes on March 21, 2021, 03:39:25 PM

Winnings and profits in gambling and trading is quite different, $2 on one spin in any casino game can let you turn out to be richer in within a second, whereas trading with $2 can eventually take you time before achieving your goal except for the long term hodlers.
(....)

But in trading, it can be more profitable once you already into it. Like learning some basics and you are really posses in trading.
You can learn about it and it will turn out not a lucky-based way to earn profits, not the same with gambling which is purely lucky based.
There is also risk management on trading, in which you minimize your losses and maximize the profits.

Hugh profit using low amount is hardly seen in cryptocurrency trading, except it takes some couple of months to get up to that amount. Moreover, there are also a strictly followed procedure for risk management, though, I'm not against trading or for gambling, but your favorite gives you chance of choosing one.

Topic: Online Gambling 'or' Day trading cryptos- Which one is more lucrative? - page 5. (Read 961 times)