Trader or Gamblers. - page 28. | Bitcointalksearch.org

aoihs00

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Quote from: Leonard2016 on April 21, 2018, 08:10:31 AM

gambling is a good way to lose money!
It is like an addiction , when you do it more you and you loose you want to do it more . till you become completely broke and optionless!
trading is not like gambling because you can do it with knowledge and analysing.

Its all about the luck mate. I know many people and few managers here who are earning more than 10 BTC per month on the gambling websites. You believe it but they do it with only luck and off course lot of money. I have understood one thing about the gambling, if you put more money on that site then you get lucky and earn more and more money. Thats the algorithm there who behaves!!
Off course trading is just different art where you have to be patient and you dont need much money to play it really.

I am sure that both coudl turn out to be good or bad according to how you treat it, play it and how much you trust in the luck. Cheesy

djkyno

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Gambling is a lot more risky than trading, because it is depending only on luck, while with trading there are many additional rules to minimize the risks and earn most profits.
If you have good knowledge about trading and having also some experience you can earning a lot with trading crypto especially if you follow good strategy, it is not the same case with gambling surely.

julzcoinbit

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Quote from: KingdomHearts on April 21, 2018, 07:55:43 AM

Quote from: jmigdlc99 on April 18, 2018, 02:27:15 AM

Quote from: Robert543 on April 17, 2018, 02:29:27 AM

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

I completely agree. Whether or not you are day trading for a large investment bank or day trading from your bed at home, trading is akin to gambling, most especially in the cryptocurrency industry. Everything is so volatile and susceptible to pumps and dumps that are influenced by news, personalities, and even simple tweets. Unlike traditional stocks, technical analysis are thrown out the window and a tweet from McAfee can change your fortune overnight.

It's a big risk but at the same time can also be done right to yield big wins. Probably why so many people have become addicted to it.

in trading you are free to sell or buy bitcoins and if the price falls you are not forced to sell. You can hold your bitcoin and sell then for higher price. Gambling is different because the winning is not in your control and you will lose more than you win, because I know many gamblers who lost all their money property and even business in gambling due to greed of winning back.

It will be happen for those gamblers if they're not concious of their wealth where they were totally get addicted on gambling. If I were them, better to invest in any altcoins which make you feel has a potential to rise rather than gambling that could make you entertainment but in the last made you pain.

Innerpumper

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Quote from: Robert543 on April 17, 2018, 02:29:27 AM

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

trade not too risky. Gambling is very risky. I highly recommend trade with spot transactions and using technical analysis or fundamental.

Leonard2016

hero member

Activity: 1036

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gambling is a good way to lose money!
It is like an addiction , when you do it more you and you loose you want to do it more . till you become completely broke and optionless!
trading is not like gambling because you can do it with knowledge and analysing.

KingdomHearts

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Quote from: jmigdlc99 on April 18, 2018, 02:27:15 AM

Quote from: Robert543 on April 17, 2018, 02:29:27 AM

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

I completely agree. Whether or not you are day trading for a large investment bank or day trading from your bed at home, trading is akin to gambling, most especially in the cryptocurrency industry. Everything is so volatile and susceptible to pumps and dumps that are influenced by news, personalities, and even simple tweets. Unlike traditional stocks, technical analysis are thrown out the window and a tweet from McAfee can change your fortune overnight.

It's a big risk but at the same time can also be done right to yield big wins. Probably why so many people have become addicted to it.

in trading you are free to sell or buy bitcoins and if the price falls you are not forced to sell. You can hold your bitcoin and sell then for higher price. Gambling is different because the winning is not in your control and you will lose more than you win, because I know many gamblers who lost all their money property and even business in gambling due to greed of winning back.

Amajaa

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Quote from: Robert543 on April 17, 2018, 02:29:27 AM

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

Trading is almost like gambling the more you get profit the more you want to bet.. Same on trading as long you grow your capital the more you want to buy and sell.. Both ourselves our bosses both addicting.. Its up to us when we stop and when we go again.. But i prefer as trader than be a gambler

berfanaf

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Quote from: RileyRiley94 on April 18, 2018, 02:20:26 AM

Quote from: Robert543 on April 17, 2018, 02:29:27 AM

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.

very practical

You are absolutely right. I agree with you. Trading is also like gambling. You can make some money and can lose your investment. But trading is far better than gambling because gambler always loses due to greed for winning more and more money while trader will not lose his money if he keenly observe the market. I want to become trader instead of gambler.

evichi

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I will confirm you are trading if you're using tools such as technical indicators and also updated information regarding the cryptocurrency you are trading, to know and decide on the step to take. It becomes gambling if you simply take a plunge blindly without due considerations and analysis. Traders who are always successful means that they have developed a strategy that is working and that cannot be regarded as gambling.

binhvo1505

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https://streamies.io/

Quote from: Robert543 on April 17, 2018, 02:29:27 AM

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

yes, it is important for commercial use is that we need to handle things in mind.
If you are an emotional investor, you will never get huge profits unless you're lucky. We can not rely too much on luck, rely on our own ability to make a lot of money. Be consistent with your decision in investing and trust it 100%, good results will come to you.

veejay2716

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Quote from: Robert543 on April 17, 2018, 02:29:27 AM

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

I agree with you but all you have to do is always think and control yourself on what you are doing so that at the end of the day you will not blame yourself or anybody else.

Tomik21

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A trader can not be gambling. But he must really want to make a lot of money. These are mandatory conditions.

jostorres

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Quote from: Indrawan77 on April 18, 2018, 11:26:43 PM

I agree that greed and lack of knowledge can make us losing a lot of money in trading, in fact the only difference between gambling and trading is the data for speculate, in trading we got indicator and data to help us to see whether the price will go up or down, it's not that easy to press down the greed, but if we must ablento control it, if we are losing with our greed then whatever we do, we will failed

Trading and gambling are pole apart from each other. Some people consider both to be one or the same thing but it is not true at all. Trading involves risk and so does gambling but the meaning of risk in both of them is different. Unlike trading, gambling is not a profession and depends entirely on luck while a trader uses his skills to gain profit. Traders are not exactly greedy also as they don’t go for shortcuts.

bitcoinveda

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Quote from: omonuyak on April 19, 2018, 01:10:57 AM

This might be the reason why we should becareful about trading and those that really make money are the professional traders and skillful investors. like op has said "you are the one making the decision" since you are the one making decisions you should take advantage of management your risk by investing wisely as you did not have control over the markets.

Not only with trading, even with the gambling, we are decision makers whether to gamble or trading. I don't think so because some people who have minimum knowledge about the trading they won't bother about the condition of the market because they hold the coins until their desired target is reached.

avp2306

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Quote from: Rose119 on April 20, 2018, 01:52:42 AM

Quote from: WizardCount on April 19, 2018, 12:12:55 PM

Gambling and trading are same, there is using assets and can be to losses, of course strategy is important
for me gambling is quite interesting but I prefer trading with low risk

Yes there using assets but there are differences in not the same because it's better to become a trader than gamblers. In Gambling you have a low percent to gain profit and high percentage of lossing your money. In trading if you have a skills and experience to trade coins there's a big chance that you will gain a big profits. But remember risks is always be there.

If you use logic from this two kind of two risk taking selections we may find out that they are the same since both of them is money draining but trading got huge advantage on this since we can be at safe if we will be cautious on our action and became more knowledgeable for our trade times. Gambling is for fun and people should not gamble their luck to earn money on this kind of 95% risky game.

Kemarit

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Quote from: Robert543 on April 17, 2018, 02:29:27 AM

In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.

I wouldn't say that there are no rules per se. But most traders, should know when to enter and enter and mitigate risk as compare to gambling which negative is always at your side the minute you enter a casino whether online or landbase.

Quote from: Robert543 on April 17, 2018, 02:29:27 AM

People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.

Personally, I don't think that I'm fighting the market. What I do is just try to win whatever I can. Try to take the advantage and bring good results in my end, which mean profit.

Quote from: Robert543 on April 17, 2018, 02:29:27 AM

As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.

That's why we always preach that you have to control your emotions when you are trading, otherwise if you sell at every dip because you are in a panic mode, then its better for you to look for other jobs that will make you money.

yohaneshs

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You are gambler if trading without analyze, it's dangerous because sometimes you profit with your choice but sometimes you have a big loss because of that. Be a smart traders and make it as a jobs not game.

Aprilperez1

newbie

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Being a gambler is have a 100% risk to loss there money . But if you know how to handle your greedy you will not loss all. But i think much better to become a trader it is not very risky like in a gambling

Rose119

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Quote from: WizardCount on April 19, 2018, 12:12:55 PM

Gambling and trading are same, there is using assets and can be to losses, of course strategy is important
for me gambling is quite interesting but I prefer trading with low risk

Yes there using assets but there are differences in not the same because it's better to become a trader than gamblers. In Gambling you have a low percent to gain profit and high percentage of lossing your money. In trading if you have a skills and experience to trade coins there's a big chance that you will gain a big profits. But remember risks is always be there.

Webberson

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Becoming a trader requires certain skills and abilities that needs to be acquired by an individual. Knowing when to enter and exit a trade is key, towards making a successful trade. In the case where all these things are not taken into consideration before becoming a trader, it can therefore be said that such a person would be a gambler.

Topic: Trader or Gamblers. - page 28. (Read 2452 times)