Topic: Trader or Gamblers. - page 30. (Read 2401 times)

Gambling is one time, big time. If you have a luck, gambling makes you profitable but we cannot say that all of the time we are lucky. The best thing here to do is to trade or invest in a coin. Trading is less risk than gambling. You can also be profitable in trading as long as you have knowledge about the nature of trading.
In my opinion, its either gambling or trading, as long as we are earning, can be our source of income.

I've seen so many similar threads. Trading and gambling comparisons don't work. These are two different things!
In short, you gamble with all the money that you put into a bet. In trading you never lose it all. A loss in gambling means you are -100% on your bet. In trading you can be -20, even -50%, but you don't lose it all. Also, TA allows you to predict at least 50% of price moves, while in gambling you rarely have any data to rely on.

If both gambling and trading are a gamble then i will chose to gamble in trading because i did not know anyone from my close friends and relatives that they become rich because of gambling, instead their lives become in miseries but i knew lot of people that become rich because of continuous trading and investing in which their lives become more beautiful and prosper.

But you can't say exactly most of the time for me i set my profits based on the market status and the future of that particular coin and most of the time I'm easily able to get the amount of profit i set in gambling even after winning you continue to play but in trading you greed more based on the market situation and not your greed

Exactly.Trading and gambling are the two means to make profit but i prefer to do trading than turning into gambling  without much assurance whether i will win or lose on the end.But in trading,you have to study it first and analyze its price chart movement.If you think you are now capable in trading,then you can start even a small amount.And as long as you buy low and sell high,you'll never get wrong in trading.

I would choose trading. At least with trading, you can actually study the market and check what you're doing, and so, you can take an intelligent guess or, at least, expect what can actually happen. In gambling, it's just luck, you can prepare for what would be doing before hand, and also, the worst is, if you lose, you won't have any more assets to work around with because, when you lose in gambling, you lose it all, unlike with trading at least, even if your trade turned out bad, you still have some asset to use to at least get something back.

Different people have different approach on the market actions that's why we are seeing different result on their trading outputs. Another thing is, people have different strategy to deal on any trend that's why we can see that some people have a continous win or loss streak in their traders.

Honestly, it's way better for me to experienced mistakes and losing on the way because it will be the foundation for much effective and better strategy to deal with the loss. People used to become good on the long term because of their gained experienced.

So in here, we just have to be focus so that regret don't always follows us.

Yes for them to make money fast they gamble which is no assurance if you win will or not so I think if we compare it with trading gambling is very risky than trading. So the only thing you were going to do is to made decision wisely in a way that you will gain profit.

Most traders who are burned in the end are those who are impatient or wants to chase their losses. This incorrect way of thinking leads to disappointments and frustration. Also, greediness gets the best of most traders, especially if they 'think' that they can still somewhat abuse the market conditions and gain more profit, only to be slammed down hard by the harsh market afterwards. Self-control really is a vital part of trading as it helps you do the right thing without risking your assets, your money and your own sanity. Sadly though, most people are still trading out of their own irrational thoughts and emotions.

My personal advice is to not start to trade untill you will have a strong knowledge what it is, cos you wight be lucky, and then loose everything

There is not a single person out there who goes into trading with the thought "I should lose at this" which makes your original statement obviously true. What isn't spoken about though is the effort given by all the market participants. It is fair then once you consider both factors that only a handful of individuals win at this, because only a handful of individuals put in the time and effort that is required to win.

if I own a better trade because the risk is also not too heavy and does not violate the rules of religion and law. but if the risk stakes big enough because it violates the rules of religion and law and can be in jail also if the police caught

I admit I had a gambling problem before. Ever since I went to crypto it is like a normal thing to do after I receive the satoshis I earned from the faucet.
It is too small to exchange so I try to gamble it to at least double the income.
But it all ends up not well because of the greed that takes over after you win. Sure they will let you win at start then takes it all again after some amount of bets.

Started trading, and ever since that day I didnt go back to gambling. It is much easier and like you said, you are in control. You can pull out your investment if you want and you can save some satoshis or you could risk it for more. I say there is a big difference with the two.

I dont think so that stocks are way better to crypto yet it is just really a the same thing on my part.Market is volatile the difference is that stocks is somehow readable towards movements yet we can base on fundamentals which we can presume movements due to those news.Trading is a gambling actually if you dont know on what you are doing ,high risk on losing money too but we can eventually less those things if we are knowledgeable.

It's true, we as humans are always trying to chase the best, easiest, and fastest way to increase our satisfaction. It can be Money wise or reputation wise too, but I do believe it is more of a gamble than trading, specially if you are "trading" emotionally and not making thoughtful sound transactions.

Tell you what, trade or gamble in the world of crypto currency they are one and the same thing here. Know how? Its simple even if you are trading you dont know what is the next move of the crypto currency that you are trading here. Crypto is so volatile that it can move up and down in no time and without any further news. Unlike stock where you at leat clue form the news surrounding to you, its impossible to do predictions in here and it makes it kind of gambling stuff only.

People are falling for this kind of gambles only and they know that if they hit the jackpot then they could just earn hell of money out of it. That is why I am thinking in that way.

Where gambling includes pure luck and is the game of luck, I believe trading isn't exactly a gambling. In gambling you need to do trend analysis before making your move. You need to concentrate over Technical and Fundamental analysis along with keeping a watch over news and rumors. This way you make an educated guess which is most likely to succeed. People who do trading without any analysis and out of sheer blind following, are the ones who are gambling and will get rekt.

You say in one side of trading, psychology factor. This kind of factor is the most important thing to be controlled, but there is other factor that can influence the trading result: analysis. There are 2 kind of analysis, technical and fundamental. If you do analysis, you are trading. But if you do not do analysis, you are a gambler.


As above, the differentiator is analysis. You are trading if do analysis, you are gambling if no analysis carried out. In my opinion, investing is similar with trading just different in time scale. Trading is performed in short time, I think the longest time perhaps just several months or even a year. While investing should be more than a year, and common investment should take around 25-30 years. So in that time scale if you just hold your token in a year, you are still trading.
There is a big different between trading and investing in this term I mean crypto, investment should know project profile and all other things. While trading just see the price and indicators. Some basic indicators such as Moving Average, Stochastic and Bollinger Band.

The similarity between investment and trading: Predict the price by doing analysis.
Different : Time scale, project knowledge (investing), price and markets situation (trading).

Similarity between investing and trading with gambling: predicting the future price
Different : Analysis and No-Analysis.

Trading in crybto currencies now adays is like gambling
I prefer to join new ICOs

Investing for the long term is totally different from those who are trading. Leveraging comes with those who are doing marginal trading and that in itself is actually another form of trading on its own. I always refer to those who do not have any strategy or knowledge of trading in a market as volatile as this to be gambling.

Trading itself comes with a lot of risk, which with knowledge you can try to avert them and get the best from the fluctuations once in a while, but I now imagine those who trade without knowledge. That is a higher level of risk and plain gambling as far as I am concerned.