Topic: Trading, gambling and binary options. Which one you prefer? - page 2. (Read 1092 times)
All those three things were different from each other on their operation and almost each has same amount of risk but I will choose trading over other things because trading looks profitable in long term while other two things are like hit and run with profits only for few times.
The three things you have mentioned here are all risky jobs for anyone to do, but if I’m to take one off this list I will be removing that gambling; I’m not a fan of gambling and I have never been a part, no offense to those that are into it, I don’t mean anything bad, I simply don’t like it, so I’m not interested. Options trading is something that I have been part of.
When I started it I never really understood what it was all about, I thought it was forex trading, because they were kind of similar to each other. It was after sometime that I got to understand it, but I have not been into it for sometime now. And as for cryptocurrency trading, I’m not regular in it, I mostly do HODL.
When I started it I never really understood what it was all about, I thought it was forex trading, because they were kind of similar to each other. It was after sometime that I got to understand it, but I have not been into it for sometime now. And as for cryptocurrency trading, I’m not regular in it, I mostly do HODL.
Gambling should be more fun for me, it's more challenging also as I can enjoy it while I can win if I'll become successful as an sports bettor.
This is the path that I choose, I don't gamble on games where is the house edge as we will never win on that one, it's just for pure entertainment only.
For me, we have to focus, whether we want to be a trader or a gambler as with focus, we will be able to improve our strategy.
This is the path that I choose, I don't gamble on games where is the house edge as we will never win on that one, it's just for pure entertainment only.
For me, we have to focus, whether we want to be a trader or a gambler as with focus, we will be able to improve our strategy.
We can say that most of the time, people would choose trading especially for novice or amateurs here in crypto. In gambling, if it's not the scam that's the risk then it is the full loss you get in betting. You'll lose your bet in gambling, while in trading you could still recover slowly.
The idea of high risk = high reward still applies, so it depends how financially stable you are.
People will go for gambling because they have enough money to lose. Unlike if you are in trading because you probably have a chance to double your money or even more if you are skilled enough in trading and perfectly in time. Though we think that trading is high risk but we can't disregard how gambling could do for us. It might be worse than trading IMO.
They do differ on level of risk since we know that luck based cant really be influenced by any strategies unless if you do play sports or card games which do require knowledge and skills.
There are areas of gambling that do need these factors for us to be profitable and same goes with trading which do definitely needs skills and good decision making when dealing with the market.
For you to be successful or profitable then dont treat trading as gamble because there are really times that people are just carelessly putting out their positions without any basis.
We can say that most of the time, people would choose trading especially for novice or amateurs here in crypto. In gambling, if it's not the scam that's the risk then it is the full loss you get in betting. You'll lose your bet in gambling, while in trading you could still recover slowly.
The idea of high risk = high reward still applies, so it depends how financially stable you are.
People will go for gambling because they have enough money to lose. Unlike if you are in trading because you probably have a chance to double your money or even more if you are skilled enough in trading and perfectly in time. Though we think that trading is high risk but we can't disregard how gambling could do for us. It might be worse than trading IMO.
I have tried scalping on BTC/USD pair as one of my friend suggested it for scalping as this pair has more volume but for same level of capital with holding, I made more profits. So, you may stop recommending for scalping. It is not a way to trade cryptos.
I also have tried almost all the methods of trading under the sun and I can tell you that I have failed all of them, every single one of them. Right now, the only thing I have managed so far without any problem is buying long term and keep buying and buying to increase my bitcoin number, that way I can actually increase my bitcoins but also if there are any falls I am taking advantage of that as well.Whenever there is a fall, that means cheaper bitcoin for me, if it goes up I still buy anyway because I believe the price will constantly go up and up and never go down in the long term, so if I purchase today and it drops, I know in a month it will recover and make me profit.
There is another of way of trading which is trading+gambling.
Yes, trading+gambling = scalping. You may prefer it for quick profit making.
I have tried scalping on BTC/USD pair as one of my friend suggested it for scalping as this pair has more volume but for same level of capital with holding, I made more profits. So, you may stop recommending for scalping. It is not a way to trade cryptos.Yes, trading+gambling = scalping. You may prefer it for quick profit making.
In my experience scalping is too different from other way of trading because,
1. Scalping is suitable only in derivative exchanges and not in spot trading (shorting is not supported in spot trading).
2. You must use stop-loss otherwise you may not able to go for another scalping within a day.
3. Usually scalping traders are not into any analysis as all levels are entry/exit levels for them.
4. For profitable scalping, you must choose cheaper trading fee platform. Otherwise your fees may exceed all your profits.
5. Like you mentioned, scalping is just like rolling dice, you may get your results in seconds to minutes.
There is another of way of trading which is trading+gambling.
Yes, trading+gambling = scalping. You may prefer it for quick profit making.
Yes, trading+gambling = scalping. You may prefer it for quick profit making.
We can say that most of the time, people would choose trading especially for novice or amateurs here in crypto. In gambling, if it's not the scam that's the risk then it is the full loss you get in betting. You'll lose your bet in gambling, while in trading you could still recover slowly.
The idea of high risk = high reward still applies, so it depends how financially stable you are.
People will go for gambling because they have enough money to lose. Unlike if you are in trading because you probably have a chance to double your money or even more if you are skilled enough in trading and perfectly in time. Though we think that trading is high risk but we can't disregard how gambling could do for us. It might be worse than trading IMO.
I guess you could post it on the gambling section and probably get around the same level of responses there as well. Gamblers know what they are doing and traders know what they are doing, they both realize what they are doing is totally opposites of each other so none of them really does it not knowing what the other option is.
Traders knows that gambling is a bigger risk and there is house edge so they will most probably lose if they gamble, however there is a chance of making more profits more quickly and that is why gamblers do what they do. Gamblers knows that trading is less risky, still quite risky but at least no house edge and that is why traders trade, and gamblers still gamble knowing that.
So, there is really no point in asking in anywhere since both of those people know the other one and why they do what they do.
Gambling seems to be something a lot of people are doing more of right now and that has nothing to do with profiting or investment. They are gambling a lot more because they are stuck at home and they have nothing else to do.Traders knows that gambling is a bigger risk and there is house edge so they will most probably lose if they gamble, however there is a chance of making more profits more quickly and that is why gamblers do what they do. Gamblers knows that trading is less risky, still quite risky but at least no house edge and that is why traders trade, and gamblers still gamble knowing that.
So, there is really no point in asking in anywhere since both of those people know the other one and why they do what they do.
Some people like reading books, some people like watching the new season of la casa de papel, some people like playing games, and obviously some people prefer gambling over all of those and those people realized they do not have some minutes to gamble as much as they can and instead they have all the time in the world so people are gambling a lot more. This doesn't mean that more people prefer gambling, A LOT more people still prefer trading but that gap is closing the more people stay at home, you can trade only so much but you can gamble until your money dries out.
I trade on STIXEX, it is a mix between binary options and trading, best of both worlds.
How come that Binary options doesnt involve trading? Of course they are just the same the thing here is that you do need to bet up on a particular price on a specific time which means you would still need trading strategies for this one and just like a scalper or active trader then this one will be at your advantage.The good thing
i do like with crypto based binary options on where charts used on top exchangers like binance and other api on some exchange unlike on fiat bo brokers
where tendency of slippage is there.
I agree with you Stix I traded here is really good The damage is very minimal It's great for me to do business. As much as I gained in the trade from the Stakes. However what I find worst about gambling Very few people gamble.
I guess you could post it on the gambling section and probably get around the same level of responses there as well. Gamblers know what they are doing and traders know what they are doing, they both realize what they are doing is totally opposites of each other so none of them really does it not knowing what the other option is.
Traders knows that gambling is a bigger risk and there is house edge so they will most probably lose if they gamble, however there is a chance of making more profits more quickly and that is why gamblers do what they do. Gamblers knows that trading is less risky, still quite risky but at least no house edge and that is why traders trade, and gamblers still gamble knowing that.
So, there is really no point in asking in anywhere since both of those people know the other one and why they do what they do.
Traders knows that gambling is a bigger risk and there is house edge so they will most probably lose if they gamble, however there is a chance of making more profits more quickly and that is why gamblers do what they do. Gamblers knows that trading is less risky, still quite risky but at least no house edge and that is why traders trade, and gamblers still gamble knowing that.
So, there is really no point in asking in anywhere since both of those people know the other one and why they do what they do.
I trade on STIXEX, it is a mix between binary options and trading, best of both worlds.
How come that Binary options doesnt involve trading? Of course they are just the same the thing here is that you do need to bet up on a particular price on a specific time which means you would still need trading strategies for this one and just like a scalper or active trader then this one will be at your advantage.The good thing
i do like with crypto based binary options on where charts used on top exchangers like binance and other api on some exchange unlike on fiat bo brokers
where tendency of slippage is there.
I trade on STIXEX, it is a mix between binary options and trading, best of both worlds.
How come that Binary options doesnt involve trading? Of course they are just the same the thing here is that you do need to bet up on a particular price on a specific time which means you would still need trading strategies for this one and just like a scalper or active trader then this one will be at your advantage.The good thing
i do like with crypto based binary options on where charts used on top exchangers like binance and other api on some exchange unlike on fiat bo brokers
where tendency of slippage is there.
I trade on STIXEX, it is a mix between binary options and trading, best of both worlds.
Binary like gambling and you have two choose lost or win, when you trade with Binary you only have two way you lost all your money or you can get much profit, different way with trading although price down and your prediction missing you still have second chance when your coin assets back to higher price.
gambling is the least out of them but for me that love gambling, it has also built my confidence especially in taking some difficult decisions which I wouldn't have the mind to do so before and that has also helped me in making some tough decisions in trading. I have not try binary option before but hopefully one day I will check it out
Among the mentioned above I would love to gamble with my fund 90% and trade with my 10% funds reason be that, gambling favours me far better than the trading although, I have been into trade and had made some decent profits. Actually, gambling was my area of concentration and have learned many skills in gambling, am good in dice and porker games which had fetched me more money than doing trade. Am passionate about gambling than trade and others mentioned.
Good for you since not all are not really that lucky when it comes to gambling thats why they do jump in into trading because they know that they do have some sort of chance if they did it well.You have mentioned dice which is totally a game of luck and i dont see for it to need some skills but only pure luck, for poker then i do believe that you can really make out money if you did well
and do know on what you gonna do.When it comes or talks of long term prospects then trading would be the best choice.Binary is just like gamble and i dont prefer this one.
Among the mentioned above I would love to gamble with my fund 90% and trade with my 10% funds reason be that, gambling favours me far better than the trading although, I have been into trade and had made some decent profits. Actually, gambling was my area of concentration and have learned many skills in gambling, am good in dice and porker games which had fetched me more money than doing trade. Am passionate about gambling than trade and others mentioned.
I know little about binary options, but I can definitely say that gambling is an extremely doubtful form of earnings.
Entertainment - yes, but reckoning on gambling as a full-fledged job is exactly what to hope for good luck.
indeed some people make gambling their livelihood. but sooner or later they will fall deeper. and true, gambling is not something that is said to win or lose, but where when they get good luck and managed to go further than what was expected. Entertainment - yes, but reckoning on gambling as a full-fledged job is exactly what to hope for good luck.
Jump to: