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Topic: Trading, gambling and binary options. Which one you prefer? - page 4. (Read 1149 times)

hero member
Activity: 1666
Merit: 502
I appreciate writing about your experience in trading gambling and binary options. I prefer to trade and do data analysis, I am happy with data processing and making technical analysis. I was also attracted to binaries and some forex.

gambling is a zero-sum game, where half of the people for and half of the loss. This is interesting because many people come only with capital.
sr. member
Activity: 1120
Merit: 272
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It depends on what I like or need,
If I want some profit and less risk then I would prefer trading.
But if I want to have fun and excitement then I would go with gambling,
I haven't tried binary option yet so I couldn't say anything about it.
That's right, gambling only makes you lose your assets, it's full of risk, you only need a fortune to win in gambling. In contrast to Trading where we have to really learn how to read charts by analyzing technical or fundamental.

Gambling is never an option and it will never support you for life. Luck is not always at your side and it is very difficult to know when it will come to your life. You have no idea what is your fate in gambling because the result it unknown. No matter how good you are, no matter how good your strategy is, but if you are really not lucky enough to win the betting, then you strategy is senseless. Trading can be manipulated by how good your predictions are and how patient you are. Trading can also give you excitement most especially when you have a successful trade each and everyday. Also if you are gaining profits out of it and prevent losing your money.
hero member
Activity: 1302
Merit: 503
Trading is my expertise...
I don't care about the words of others who say gambling or Binary can get money quickly, I only focus on trading because I have honed my analytical skills in trading
- Agree, we should participate in what our skills allow and can make a profit, and here, trading is a top priority job when it has been proven that it is possible through skills to optimize the income stream, while on the other side, Binary and gambling, both are really options that can make money quickly but these are just advertisements from casinos or some players that are lucky enough. Especially both are the markets where big bosses control, the odds of us being lucky will become lower, I won't choose what I love, I choose what suits me.
newbie
Activity: 3
Merit: 0
I prefere trading, it's the most profitable and it makes the most sense.
Gambling is not meant to make profit but for fun and that is how I treat it, a leisure for my free time.
Binary options are two risky and personaly I don't like it, in fact I find it as a shady business.
For someone who is seriously involved in Bitcoin, trading is the best.

I also prefer trading and holding. It's important for me to be careful and invest with peace.
hero member
Activity: 1722
Merit: 528
Trading is my expertise...
I don't care about the words of others who say gambling or Binary can get money quickly, I only focus on trading because I have honed my analytical skills in trading

Hope people could learn a thing from you.

A lot of people want to earn money but they don't do things to achieve that, usually people nowadays think that money will approach them but it is the opposite. People should really prefer trading or maybe binary options if you have the capital or money to start with. Always remember that you could lose all of your money in gambling while in trading, you can lose but not all of it but just the percentage of it.
sr. member
Activity: 1593
Merit: 284
You forgot to mention Hodl (long term investment) or is it under trading as well?
Out of the three things you have mentioned I have only been into binary options trading and nothing else.

As for cryptocurrency I just hold and wait for the right time when the price would go up and I will sell my coins and make profit. What people don’t know , they will say that it’s a scam. I have seen lots of people that are saying that binary options are scam, but the truth that these people are the ones that don’t know anything about trading binary options, so they end up losing their money and then say that they were scam lol.
sr. member
Activity: 1204
Merit: 270
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My biggest choice is trade I never worked on gambling or binary options and have no idea about them But I think gambling usually depends on luck. I like to trade from the beginning. I have made a lot of profit by trading long term trade. Now the currency prices are much lower now buying and holding these holdings will bring a lot of profit in the front because prices are likely to rise.
hero member
Activity: 3024
Merit: 629
For me trading is a reliable way to earn but not as a day trader but for long term holding strategy. I've been doing this for years now and already earned decent amount from it. It requires guts and lots of patience to become a long term holder because not all the time what you expected can happen. On the other side I think gambling should not be treated as a way to earn because its quite risky.

I have not tried binary options so I dont have experience that I can share by doing this.

sr. member
Activity: 2520
Merit: 366
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Trading is my expertise...
I don't care about the words of others who say gambling or Binary can get money quickly, I only focus on trading because I have honed my analytical skills in trading
hero member
Activity: 2730
Merit: 632
I want to say that the problem you faced earlier by jumping up and down different carrier or business is the reason that people in trading businesses don't succeed. They fear losses but don't want to do the right thing by cutting down on risk levels. You can do all of you have knowledge but if not, we can still to the one aspect we have trained ourselves to understand or we quit.
You have been able to put yourself into one aspect and that is good for you.
Knowledge is the most valuable aspect of day to day activities of every person but greed/buzz can jeopardize everything if not put in check.
What I'm trying to say is that having knowledge about something is not enough if ones don't have control over his emotion, affection, buzz and greed level because these are what always leads to the loss of people in the crypto world including the highly experienced investors.

To be honest, I don’t consider gambling as a good source of income.  For me, the most feasible direction for generating income is daily cryptocurrency trading.  Of course, there are certain risks, but nevertheless I know what I trade and what I own.  But this is a separate topic for discussion.  I have never dealt with binary options, but based on individual user reviews, I am afraid of this activity.  It seems to me that putting money into binary options is not a purchase of an asset, but an investment in a binary broker, on which your profit depends.  In other words, you do not own anything at all.
Binary options is just some sort of gambling imho yet you would need to guess on the price either lower or higher on the amount you had entered.
The difference here is that you do able to analyze the charts when predicting prices compared when you do totally gamble up on random basis.
Gambling is never been considered as a viable source of income but rather for entertainment but people do treat on other way that why theyve been
hooked in addiction and in result to loss of money.
full member
Activity: 1736
Merit: 121
I want to say that the problem you faced earlier by jumping up and down different carrier or business is the reason that people in trading business don't succeed. They fear losses but don't want to do the right thing by cutting down on risk level. You can do all if you have a knowledge but if not, we can still to the one aspect we have trained ourselves to understand or we quit.
You have been able to put yourself into one aspect and that is good for you.
full member
Activity: 714
Merit: 104
I want to say that the problem you faced earlier by jumping up and down different carrier or business is the reason that people in trading businesses don't succeed. They fear losses but don't want to do the right thing by cutting down on risk levels. You can do all of you have knowledge but if not, we can still to the one aspect we have trained ourselves to understand or we quit.
You have been able to put yourself into one aspect and that is good for you.
Knowledge is the most valuable aspect of day to day activities of every person but greed/buzz can jeopardize everything if not put in check.
What I'm trying to say is that having knowledge about something is not enough if ones don't have control over his emotion, affection, buzz and greed level because these are what always leads to the loss of people in the crypto world including the highly experienced investors.

To be honest, I don’t consider gambling as a good source of income.  For me, the most feasible direction for generating income is daily cryptocurrency trading.  Of course, there are certain risks, but nevertheless I know what I trade and what I own.  But this is a separate topic for discussion.  I have never dealt with binary options, but based on individual user reviews, I am afraid of this activity.  It seems to me that putting money into binary options is not a purchase of an asset, but an investment in a binary broker, on which your profit depends.  In other words, you do not own anything at all.
hero member
Activity: 2786
Merit: 657
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Suppose we proceed from which option to choose and why? Let's look at the risks that each of the options implies:
Gambling - a 50/50 chance, binary options - similarly, but with a win you get x2, I would bet only the money that I’m ready to lose. Trading is a “prospect” option, the risks are much less and you can exit at any time.
From the above, it is better to choose trading, options and gambling - this is more entertainment than ways to make money
Your explanation are good but the risk involved in trading is also 50/50 and what's important the most is ones understand about the two settings because i have seen a situation where some people choose gambling above trading best that the area he can do best. In the meantime, it good to have practical knowledge before diving into any of the two.
I prefer both.
hero member
Activity: 1834
Merit: 566
I want to say that the problem you faced earlier by jumping up and down different carrier or business is the reason that people in trading businesses don't succeed. They fear losses but don't want to do the right thing by cutting down on risk levels. You can do all of you have knowledge but if not, we can still to the one aspect we have trained ourselves to understand or we quit.
You have been able to put yourself into one aspect and that is good for you.
Knowledge is the most valuable aspect of day to day activities of every person but greed/buzz can jeopardize everything if not put in check.
What I'm trying to say is that having knowledge about something is not enough if ones don't have control over his emotion, affection, buzz and greed level because these are what always leads to the loss of people in the crypto world including the highly experienced investors.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
If you give me options between the three then I would choose trading because I have done trading and have a little experience in it as well.
Gambling is more of luck in my opinion and it can not yield profits constantly. I haven't tried binary options yet since I have heard that it's risky.
Trading is a better choice here since you would actually know what you are doing with your money.
jr. member
Activity: 121
Merit: 1
Suppose we proceed from which option to choose and why? Let's look at the risks that each of the options implies:
Gambling - a 50/50 chance, binary options - similarly, but with a win you get x2, I would bet only the money that I’m ready to lose. Trading is a “prospect” option, the risks are much less and you can exit at any time.
From the above, it is better to choose trading, options and gambling - this is more entertainment than ways to make money
legendary
Activity: 2282
Merit: 1041
Binary trading is simply like trading the only difference is that you are betting at a certain time to where the direction of the trend. It can be learned well but there is broker who would do it in crypto these days, probably because of the transaction fees.  Binary trading platform with EOS.io will probably work best since transactions are technically free.

There are few today but are just p2p binary trading platform which one would bet to counter your bet, anyone tried it with https://game.bullsvsbears.io ?  The binary platform is with TRON.
sr. member
Activity: 1638
Merit: 278
I’d go for the other two, but as for gambling? That’s the last thing I’m ever going to consider lol. I know there are lots of people who love gambling and there are people it works for, but I still don’t like it and I have never tried, it’s just not something that I like. I have seen people that gambling ruined their life, maybe because they were addicted to it or whatever.

I prefer trading and I have also tried binary options, though it’s not an easy thing to do, same thing with trading, they are difficult and you will have to study the market to know where it’s really heading to. As for gambling you’re relying on luck.
jr. member
Activity: 135
Merit: 1
Well, I'm a quite experienced trader, but now I'm pretty into cryptocurrency gambling. It was hard to start because I thought that it won't be profitable, but it is. Of course it is also about your experience in trading but it's possible to learn that. I recommend you to check some gambling platforms like for example CryptoGamble and just start gambling. It's another level of investing in cryptocurrencies.
hero member
Activity: 2912
Merit: 556
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Among the three options, my friend told me that binary options are extremely risk among the trading and gambling. And it we don’t have any knowledge about that so that I didn’t want to try the binary options anymore. I’m just only stick with trading and gambling. But for me, the best way in earning profit is trading because it doesn’t need so much time to earned unlike the gambling you need to play all day to earned a profit and not surely if you win in every time you’d played so that in gambling are most consuming than trading. In addition, trading is a long term to earned profit but it really sure that we earned, and for gambling it is only a pure entertainment, not for earning a high profits.


Your friend is right. Without having enough skills in binary trading, we will be difficult to make a profit because I think binary trading is more complex than crypto trading. But that will be the same thing if we don't have skills in crypto trading because no matter what we do, we need to learn more about crypto trading and binary trading.

But if you learn more about gambling, I think you will need to know the big risk inside gambling because playing gambling can make you get a big loss in the long term. Trading will be good for making money, but you should remember that trading will also need the patience to make a profit.
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