Topic: The difference between gamblers and real Bitcoin investors? - page 3. (Read 846 times)

This is fully true, there isn't really anything that could make you grow that differently, it is not going to be anything that will change it all that much and you need to just realize that you are going to invest as a side thing and not as a job. If anyone does it like a job then they are not going to gain anything from it at all, they are going to end up with a lot of trouble.

I personally believe that the best thing to do would be just focusing on how to get better, which won't be all that easy. This is of course not that simple, we can't always do anything that would be all that simple, we just need to realize that we can make it grow differently, and that's why we need to just have an income and also a bit of savings.

Crypto trading can be a profession and a full-time job, it depends on what the trader wants, most of them takes it as a part-time job because of the risks involved, so it is not favorable for traders that have small trading funds. If a crypto trader has enough funds for trading, then it is not a problem,, so that when they encounter loses in trades, they will not go bankrupt and quit.

As for Bitcoin, investment, I don't think that it can be a considered a profession, it is where money made from a profession can be invested to yield profit, it is basically buy and hodl, then wait as long as it takes before selling to be able to make substernal profits on investment.

Yes. true. Thank you for confirming to me about the above, very much appreciated.


In the business, it must be but with careful calculations of course, If something that we have believed is going to develop and have good value growth and potential,if I personally will prepare it as soon as possible. Regarding the second paragraph, I also agree because it should not be arbitrary and hasty in making decisions, especially for BTC

It's not even the waiting that's important but recognizing the true value of what you invest in. When you own something you know is cheap now you feel confident and can wait for a long time.

When you have a piece of land or a house that someone offers you x but you know it's worth 5x you're not going to sell and you won't be bothered by low offers. It's the same with bitcoin. Know the value and you will go far with that knowledge.

Okay, there are two things I want to address in your statement. First, is bitcoin easy? Not that difficult? It seems like you have not tried doing any bitcoin stuff, like trading, buying bitcoin, holding it, and many more ways to earn. If you said that you know bitcoin, then why would you say that it is not that difficult despitethe fact that you said that bitcoin is risky? That's why you are not considering it as a job; your statement there contradicts that. If there's a risk in something, then expect that it is not simple and it is not easy to do. Take note of that. Even experts with a lot of experience can still make mistakes and lose money through bitcoin or any crypto currency. Its not just buy, wait, and sell; you need analysis to decide when to buy in the bitcoin market. How long can you wait or will you wait, and when is the right time to sell to maximise the profit? Don't make it sound so easy.
 
The second thing I want to address is that bitcoin really cannot be considered a job because it is an investment. "Investment" anyone who will think of bitcoin as a job, then it is not quite right. As you've said, bitcoin is risky, so it cannot be considered a job. It is more like an investment and can be a side hustle for anyone who wants to earn extra but is ready to take on the risks that come with it.

You are right, an investment shouldn't be considered a full-time source of income because an investment might not always earn you money constantly and you may just earn some profit over time. Many people don't understand the difference between trading and investments and they consider investments trading as well which isn't correct because in trading, you tend to buy and sell different assets at shorter intervals only to secure small amounts of profit whereas in an investment, a person would make an investment and then wait for a certain period to get a specific amount of profit they have in mind.

People also underestimate the risks involved in trading when compared to investments because trading has more risks when compared to investments, they believe they can do trading as efficiently as they are making investment which isn't true because one needs more knowledge and experience to become a trader.

If this is true with you, then it shows that you have not tried many other jobs, if that (job) is appropriate in this context because many will even argue to you that investment is not a job. Even if it is a job to some people, it is certainly not a job to many others, it all depends on how you do it and take/view/use it. Regardless, do not forget that there is Trading and Investment, if you can call investment the hardest job, what about trading that is way more harder than it? Needless to say, there are many other jobs out there that are more difficult and tasking than both trading and investment. Perhaps, you wanted to state that investment is risky. And indeed, that is best describing it.

There is no job/task without its issues, notwithstanding, without mincing words or causing controversies, the distinction between a true investor and a gambler is that the true investor fully understands what he is doing and does it according to the plan, but gamblers will always deviate from the plan, and this is particularly caused by emotions and some unforeseen factors, but are all psychological.

I still find it hard to believe that investing is a profession(at least for me) because what i do believe is investing is a part time or a passive income provider and not something that i must rely for my daily activities and expenses.


there is  no need for comparison unless you are joining some investment competition( that sometimes exchange is offering) so you may gather more bonus but yeah this is a place where you are dealing for your own future and nothing more.

saying that investing in bitcoin is a job is a mistake in thinking, because investing in bitcoin is quite risky and someone who wants to make this their job is a person who really wants to be involved in risk, and this cannot be said to be a job. and saying that it is the hardest job in the world is probably too much, because if you look at a neurosurgeon, nuclear expert, and many other difficult jobs, then investing in bitcoin is not that difficult. because as you said, the most important thing in bitcoin investment is how someone can be patient and wait for the right time to sell, and that's not too difficult if you have experience in this matter.

just like we trade, of course an investor already has a previous framework, he will buy in which area and sell in which area, and if he feels that the market is not according to his plan then what should he do. all these things were already in his mind before taking a step. whereas a gambler, without this provision in his mind only thinks about always winning, after the market does not match his expectations he still persists in holding on without any basis, until finally he panic sells, because of fear, that's when an investor actually prepares to buy.

You are not supposed to make multiple posts in a row, it's against the rules of the forum:


So please avoid doing this:



When you need to respond to multiple users at once, you can include all the quotes in a single post one after the other.

In the world of trading this is very common following the fact of its occurrence. In my view, there are advantages in trading, but the risk is also quite high like gambling. When to stop if there are no more funds and if there are more funds will repeat again like that always, moreover we never want to care / revoew and learn why always lose when trading.

Yes. The crypto market is famous for price fluctuations that can change instantly, if you are not really ready, you should not carelessly enter the market, it's better to install long-term investment techniques only. Another reason is that trading is not like we are selling in traditional markets that we can easily see, price control.

For me, investment is a side job because whatever we will do later also produces, must meet the main needs first, after everything is considered sufficient and safe, then enter other fields such as investing

Quite plausibly, Money comes not without reason, First sustenance from the divine, the passage of the results of the efforts that we have tried before where if there is an excess of funds we can put into the item.

Agree. For investment, also do not half and half mean that you must commit and continue so that the results of efforts in this field will have meaning and will not be in vain.

There may be many differences between a Bitcoin investor and a gambler but I will point out one similarity between a Bitcoin investor and a gambler is that both gamblers and investors are in risky business. An investor can easily refrain from investing if he wants and can invest in the market as per his will but a gambler cannot easily refrain from gambling.

I think in this case it will really depend on their financial condition and for some people who can have several sources of income of course they will be able to hold onto their assets, but it is different if we really need funds and the income we have is not enough for the things we need Therefore, it is possible that we will have to carry out short-term trades to be able to withdraw the assets that we have.

To be able to survive in the long term, it is not an easy thing for everyone to do, there may be temptations from price increases or other things that make us sell the assets we own, and what you say is true, a high level of discipline and patience is needed. we can survive in the long term in accordance with the targets we have set in the initial planning that we carried out.

There are opposite conditions and everyone must choose short -term or long -term pathways for investments made.
But if you want to see this as a more coordinated step then I am quite confident with the ability of people to Holding/hold for long -term investment as long as they have the nature of discipline and patience to be held.
The long term is not easy to run because we are required to focus on the accumulation of purchases and not thinking about how to generate profits in the short term even though the price of Bitcoin has increased.
Focus on this strategy sometimes disturbing people and they will be a little tempted to sell when Bitcoin increases, although it looks further holding back just to get big profits in the next ATH process.

I believe that's your own opinion on this because I feel the sense to believe that most people are of short term trading than holding up their assets for hold and that's because of the fact that most human beings today are off the nature of the inability to wait or persevere. Long term isn't all that easy like pie the way some persons put because it requires some level of discipline and patience knowing fully well that your whole load of assets is somewhere and you are of the inability to assess it till a specific speculated time.

Gamblers didn't trust the assets, while investors trust what they pick.

It's why gamblers like to buy and sell the assets in short time, then convert it to fiat.

Investors aren't working hard, they already know the assets they want to invest and they will sell in the future, unlike trading where they need to work and read the chart before make a decision. This is actually the reason why people choose become investors, because it doesn't make them to check and think about their wealth for short time interval.

You mentioned some of the sensible things to do when investing in Bitcoin. I agree with you on this. Since the economic power and life of every investor is not the same, it can be difficult to realize what you say. Everyone wants to wait for the target price to come after investing, but sometimes we may have to cash out our investments. In both cases, it is the Bitcoin investor who continues his investment and has to cancel his investment due to a compulsory situation.

I can say that the difference between gamblers and real Bitcoin investors is that they do not treat Bitcoin as if they were gambling and do not think about making big profits in the short term.

I think whether investing is a job or saving depends on each person's thinking. I never considered investing in bitcoin as saving because investing has risk, meaning we can gain or lose while saving will not incur loss. What you are talking about is investing using the DCA strategy, not saving because bitcoin is unpredictable, it can continue to increase but can also plummet at any time. The future is unpredictable, let's not be too subjective that bitcoin will only increase over time without any risks.

Business is also a job, and I think investing and business have many similarities, so investing is also a job, which is more appropriate than considering investing as saving.