Trading is gambling after all | Bitcointalksearch.org

Canis Majoris

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Quote from: crazycatwoman03 on March 03, 2018, 11:25:53 AM

Quote from: denny27 on February 28, 2018, 05:27:56 AM

But anyway if seen from the basic of the effort, it's really not a gamble, it's more dependent on the expertise in analyzing the prices over time as well as choosing the right coins to be used as a trading effort. This is not a game such as in a gambling, which's only dependent on lucky (not strategy), and I think the luckies in trading depends on expertise on the price analys, it's different with a gambling that's just dependent on the game which's really randomly and testing our luckies.

Right, trading is also not like gambling for me because of the mere fact that you can control how much profit you earned by using analysis before making any decisions. In trading, you can make sure that there is a profit unlike in gambling where there is totally no assurance and just luck. Some are saying that mathematics can be used to win gambling games but I think that it was very imaginative.

It is pretty easy to control how much you earn provided you earn anything in the first place. But most traders are losing most of the time, sorry. It is the net result that counts in the end. Everyone knows that they should buy low and sell high, but sometimes, well, actually oftentimes it ends the other way round. In short, unless you are a market maker, money taker, or their close friend, you can't make sure that there is a profit, for you.

nidacoinlove

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Quote from: hawkins on March 27, 2018, 11:54:09 AM

Quote from: patrickj on March 27, 2018, 09:14:29 AM

Quote from: Canis Majoris on March 20, 2018, 01:22:33 PM

Quote from: followmenot on March 02, 2018, 03:06:08 PM

Trading isn't really gamble in real markets but cryptomarkets are very different. Noone surely knows their nature, as they are still very young. That's why it makes crypto trading - gambling. My experience showed that indicators don't work %70-80 of the time with bitcoin and others.

I tend to disagree with this view. Real markets like currency markets as well as commodities and derivatives are even more gambling than gambling itself for couch traders. As others have mentioned, crypto is or was very forgiving, at least till recently. You could have bought a few coins and then wait patiently till the price rose and then you reaped the profits. This doesn't work very well with established markets.

That is true, gambling is predicting the outcome of the game that involves money likewise trading has the same concept but gambling differs in a way that it is a game that you can enjoy losing your money (for rich people having some fun) while trading is a serious thing for traders that need to earn profits. Besides in trading you need to study first the status of certain altcoins before buying it, for you to assure less risk in it, and also can be a long term trade when the markets will be down or in red days so you need to wait when it rise up again.

of course different. if you really pay attention to it, trading really provides a wider opportunity, and a much smaller risk in comparison with gambling. basically trading is activity, selling, and buying.

Trading is a serious business, it is a pure financial activity for the sake of economical growth. Trading offers a lot more than just buying and selling. It is a full time activity also it teach us the lesson to how to stand again and overcome the losses after being dumped. Gambling will rarely give you another opportunity for a comeback.
Basically there is a very thin line that distinguish gambling and trading from each other. I think only a trader and a gambler can understand the differences between them, to a lay man it seems to lie in the same category.

hawkins

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Quote from: patrickj on March 27, 2018, 09:14:29 AM

Quote from: Canis Majoris on March 20, 2018, 01:22:33 PM

Quote from: followmenot on March 02, 2018, 03:06:08 PM

Trading isn't really gamble in real markets but cryptomarkets are very different. Noone surely knows their nature, as they are still very young. That's why it makes crypto trading - gambling. My experience showed that indicators don't work %70-80 of the time with bitcoin and others.

I tend to disagree with this view. Real markets like currency markets as well as commodities and derivatives are even more gambling than gambling itself for couch traders. As others have mentioned, crypto is or was very forgiving, at least till recently. You could have bought a few coins and then wait patiently till the price rose and then you reaped the profits. This doesn't work very well with established markets.

That is true, gambling is predicting the outcome of the game that involves money likewise trading has the same concept but gambling differs in a way that it is a game that you can enjoy losing your money (for rich people having some fun) while trading is a serious thing for traders that need to earn profits. Besides in trading you need to study first the status of certain altcoins before buying it, for you to assure less risk in it, and also can be a long term trade when the markets will be down or in red days so you need to wait when it rise up again.

of course different. if you really pay attention to it, trading really provides a wider opportunity, and a much smaller risk in comparison with gambling. basically trading is activity, selling, and buying.

patrickj

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Quote from: Canis Majoris on March 20, 2018, 01:22:33 PM

Quote from: followmenot on March 02, 2018, 03:06:08 PM

Trading isn't really gamble in real markets but cryptomarkets are very different. Noone surely knows their nature, as they are still very young. That's why it makes crypto trading - gambling. My experience showed that indicators don't work %70-80 of the time with bitcoin and others.

I tend to disagree with this view. Real markets like currency markets as well as commodities and derivatives are even more gambling than gambling itself for couch traders. As others have mentioned, crypto is or was very forgiving, at least till recently. You could have bought a few coins and then wait patiently till the price rose and then you reaped the profits. This doesn't work very well with established markets.

That is true, gambling is predicting the outcome of the game that involves money likewise trading has the same concept but gambling differs in a way that it is a game that you can enjoy losing your money (for rich people having some fun) while trading is a serious thing for traders that need to earn profits. Besides in trading you need to study first the status of certain altcoins before buying it, for you to assure less risk in it, and also can be a long term trade when the markets will be down or in red days so you need to wait when it rise up again.

Canis Majoris

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Quote from: followmenot on March 02, 2018, 03:06:08 PM

Trading isn't really gamble in real markets but cryptomarkets are very different. Noone surely knows their nature, as they are still very young. That's why it makes crypto trading - gambling. My experience showed that indicators don't work %70-80 of the time with bitcoin and others.

I tend to disagree with this view. Real markets like currency markets as well as commodities and derivatives are even more gambling than gambling itself for couch traders. As others have mentioned, crypto is or was very forgiving, at least till recently. You could have bought a few coins and then wait patiently till the price rose and then you reaped the profits. This doesn't work very well with established markets.

Canis Majoris

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Quote from: el kaka22 on March 02, 2018, 08:30:54 AM

And most people will not know that since they have no strategy and all they do is gamble anyway. I would consider it a gamble for someone who really just sees it as gambling. Buy low, sell high, no strategy and they just feel they can always just keep doing that and depending on luck, wishing the market will work in their favor.

Those who see it as a real business obviously know how to play smartly by learning, and then using the opportunities to make a lot of profit. And from the look of things, you can never have that in the real gambling world.

In fact, trading should be considered far more than the normal sense people have when it comes to gambling. You have great opportunities to make it more in the profit side if you know what you are doing than gambling that you will only have to rely totally on pure luck. Yes, with the meaning of gambling which makes life itself a gamble generally, but you can always make it a calculated one and a smart one.

I don't have much to add because you have basically said it all. The only thing which may be worth saying is that just like you hope for good luck in gambling, you hope not to meet bad luck in trading. You can make a calculated and smart move but still fail simply because of someone trading against you who is smarter or just luckier than yourself. In a metaphysical sense, the more knowledgeable and experienced you become, the less you care for good luck propping you up and more about bad luck not meddling with your trading ways.

ethereumhunter

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Quote from: Aying on March 11, 2018, 11:07:45 AM

Quote from: aishyoo17 on March 11, 2018, 10:39:07 AM

Quote from: ethereumhunter on March 11, 2018, 05:39:00 AM

Quote from: MGBloomz on March 11, 2018, 03:33:26 AM

Quote from: Agrabah on March 06, 2018, 10:59:18 AM

I wouldn't say that trading and gambling are the same, because trading and gambling are different by nature.Trade on my Demo account only,then the game ends))

Yeah it's different. Although both has risk to lose your money. Trading has higher chances that you gain profits as gambling needs luck to gain due to slim probability of winning.

although we are lose the money in the trading, we still have a chance to recover our lose in the future especially when the price increases higher than the price we buy. but in the gambling, we cannot recover the money we lose because we don't have a chance to do that and the house is always won in the end. and if we can think what the benefits from trading and gambling, I think we can choose trading depends on gambling to make the money.

That's the difference between the two, in trading we do not lose our money if we will not sell it and just hold it until the price will come back we call our loss as a "paper loss" with gambling if we lose it means our money is not going back again not unless we gamble another money and try to win back the money we loss. Both involve gaining profit and having losses but very different in terms on how you do it.

You are right, if we don't sell it then still we are not yet losing something because the investment is still there and we cannot assume already that when the price gets low that we are already lose, it is not calculated like that losing starts the time we sold our investment.

but so far, people just become panic to see their balance reduces and they cannot hold for a longer time so they decide to sell their coin even they get the loss. this is happening with my friend even I've been told him to just stay calm and not attract to panic for the news in out there but he is not listening to me and I only said to him, the decision is on you and I give you suggestion but you cannot wait for more so I hope you can handle for the next things that might be happen.

liivii

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Both trading and gambling need strategies in order for you to earn profits so trading is somewhat similar to gambling. But of course we do have our own perspective on how we see both different types of source of income. Trading for me is somehow fair because you're the one who will decide on your fate together with some luck, while on the other side gambling gives you more house advantage so it means your winning chance will reduce.

Satry

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Trading and gambling are very similar. The best way to trade like a casino operates is to focus on fewer trades that align with your edge and having lower volatility of performance by keeping a disciplined approach to money management so that you don't take a significant drop in your trading progress. If you are able to exercise extreme discipline and laser focus on your trading strategy, you can profit in the market but if you approach the market with random abandonment, then the market can and will cause you serious pain.

AVAMONEY

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Everyone has a different perspective on this, I personally have an opinion that everything about investing is gambling, including investing in gold. Because at one time their prices can go down and up, while in the activitas trading, certainly very necessary profit factor although many traders who have experience in reading the market still there is a possibility to lose. So trading is a small part of gamblling is correct.

criz2fer

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Quote from: nyerok on March 09, 2018, 02:20:34 AM

I think trading is not a place for gambling trading is pure selling and buying bitcoin if you think gambling I think it is wrong. gambling is guessing the numbers whereas trading is only buying and selling when it's lucky then selling never to guess the numbers.

Most of the gambling turns your profit to zero if you really dont utilize your patience especially for dice rolls. Every time I tried on my gambling hoppy I always lose haha. Because every time you see that your profit grow, you will be triggered to play more. That the nature of it.

Canis Majoris

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Quote from: jaocoincrypto18 on February 28, 2018, 05:12:58 PM

If trading is a gambling then i will put my bet in trading not in gambling simply because i never know anyone that they become rich because of gambling instead their lives become ruin almost losing everything including their families but i know a lot of people who become rich because they joined trading investments in which they are now living in harmonies with their families.

I don't disagree with your view but this is not what I'm trying to say here. You can't defeat a casino but for luck and timing. I mean the longer you gamble the higher are your odds of a complete failure in the end, so your only chance is luck and running away immediately. But this is not to say that, first, there are no winners in gambling, and, second, there are no losers in trading. As a matter of fact, both in trading and gambling alike most players are losing in the long haul unless they chance to win and call it a day. And never look back.

biboy

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Quote from: Aying on March 11, 2018, 11:07:45 AM

You are right, if we don't sell it then still we are not yet losing something because the investment is still there and we cannot assume already that when the price gets low that we are already lose, it is not calculated like that losing starts the time we sold our investment.

It is just like a gambling that is correct, but in trading there is likely more chance of winning because you can earn here as much as you can, by just having enough patience and trust in what coins you are trading at, unlike in gambling that you only left with two options and that is to win or lose.

Aying

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Quote from: aishyoo17 on March 11, 2018, 10:39:07 AM

Quote from: ethereumhunter on March 11, 2018, 05:39:00 AM

Quote from: MGBloomz on March 11, 2018, 03:33:26 AM

Quote from: Agrabah on March 06, 2018, 10:59:18 AM

I wouldn't say that trading and gambling are the same, because trading and gambling are different by nature.Trade on my Demo account only,then the game ends))

Yeah it's different. Although both has risk to lose your money. Trading has higher chances that you gain profits as gambling needs luck to gain due to slim probability of winning.

although we are lose the money in the trading, we still have a chance to recover our lose in the future especially when the price increases higher than the price we buy. but in the gambling, we cannot recover the money we lose because we don't have a chance to do that and the house is always won in the end. and if we can think what the benefits from trading and gambling, I think we can choose trading depends on gambling to make the money.

That's the difference between the two, in trading we do not lose our money if we will not sell it and just hold it until the price will come back we call our loss as a "paper loss" with gambling if we lose it means our money is not going back again not unless we gamble another money and try to win back the money we loss. Both involve gaining profit and having losses but very different in terms on how you do it.

You are right, if we don't sell it then still we are not yet losing something because the investment is still there and we cannot assume already that when the price gets low that we are already lose, it is not calculated like that losing starts the time we sold our investment.

orions.belt19

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Quote from: carlisle1 on March 11, 2018, 06:15:33 AM

Quote from: Tankdestroyer on February 23, 2018, 05:34:02 PM

Quote from: Canis Majoris on February 23, 2018, 01:07:15 PM

Well, sort of, at least for the majority of ordinary and wannabe traders. It is relatively easy to earn money on a rising market but it becomes a completely different matter when a sideways market sets in like it is now in the cryptoverse. There are two major factors that turn trading into gambling for most players in this type of market which are presented below.

First, in any financial or speculative market, where Bitcoin rightfully belongs to, you can earn only if you take money from someone else. It could appear as if everyone earns with the rising price but things reveal their true nature when the price stops rising. It is kind of obvious but accepting this is necessary to understand why you can be the one losing the game in the end.

Second, some market participants have an unrestricted edge over the rest of the pack which means that under no circumstances they will be losing. These are arbitrageurs, insiders, exchanges and their likes. For example, it is impossible to beat exchange since it is 100% sure money for them when they can front run your orders and do a lot of other nasty things which you can't.

Given these two circumstances, it is easy to see that if you do not belong to the group of market participants mentioned above, trading pretty quickly turns into gambling for you. So your only chance to win is pure luck. But luck is not a friend of consistency, therefore the only consistency you can reliably expect is losing to someone who has an undisputed edge over you and the market.

Feel free to comment and post your thoughts and ideas here.

Your analysis is quite spot on but at least you have lesser chance to lose money when trading. You can lose all your money instantly when you are gambling. On the other hand, you will only lose all of your investment on trading if you failed to get out on time or when exchanges close. Most of the times, you would only lose a percent of it but not all. Still, it doesn't change the fact that you take money from someone else when you profit from a trade.

Thats the only difference between gambling and trading,the chance of losing is minimal in trading that gambling but the essence is the same,your betting money to take the profit,this has been my outview eversince i compared this both.i am not a gambler but im a trader,but now i am confused between this if i will continue doing both or forget at all.since i am earning in signature campaign and having a work and business

There's still a chance for you to lose your money in trading just like in gambling. You may also lose it in instant and just as fast like in gambling, the difference would be your decision or choice. I guess this is the dirty reality of trading and exchanges which is done for the extra buck.

As for the trader who is confused of what to do, I suggest to continue doing so if it's profitable. Signature campaigns only last for certain periods. As long as it's not detrimental to your work and business, trading is still profitable and you may earn some extra income through it.

aishyoo17

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Quote from: ethereumhunter on March 11, 2018, 05:39:00 AM

Quote from: MGBloomz on March 11, 2018, 03:33:26 AM

Quote from: Agrabah on March 06, 2018, 10:59:18 AM

I wouldn't say that trading and gambling are the same, because trading and gambling are different by nature.Trade on my Demo account only,then the game ends))

Yeah it's different. Although both has risk to lose your money. Trading has higher chances that you gain profits as gambling needs luck to gain due to slim probability of winning.

although we are lose the money in the trading, we still have a chance to recover our lose in the future especially when the price increases higher than the price we buy. but in the gambling, we cannot recover the money we lose because we don't have a chance to do that and the house is always won in the end. and if we can think what the benefits from trading and gambling, I think we can choose trading depends on gambling to make the money.

That's the difference between the two, in trading we do not lose our money if we will not sell it and just hold it until the price will come back we call our loss as a "paper loss" with gambling if we lose it means our money is not going back again not unless we gamble another money and try to win back the money we loss. Both involve gaining profit and having losses but very different in terms on how you do it.

carlisle1

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Quote from: Tankdestroyer on February 23, 2018, 05:34:02 PM

Quote from: Canis Majoris on February 23, 2018, 01:07:15 PM

Well, sort of, at least for the majority of ordinary and wannabe traders. It is relatively easy to earn money on a rising market but it becomes a completely different matter when a sideways market sets in like it is now in the cryptoverse. There are two major factors that turn trading into gambling for most players in this type of market which are presented below.

First, in any financial or speculative market, where Bitcoin rightfully belongs to, you can earn only if you take money from someone else. It could appear as if everyone earns with the rising price but things reveal their true nature when the price stops rising. It is kind of obvious but accepting this is necessary to understand why you can be the one losing the game in the end.

Second, some market participants have an unrestricted edge over the rest of the pack which means that under no circumstances they will be losing. These are arbitrageurs, insiders, exchanges and their likes. For example, it is impossible to beat exchange since it is 100% sure money for them when they can front run your orders and do a lot of other nasty things which you can't.

Given these two circumstances, it is easy to see that if you do not belong to the group of market participants mentioned above, trading pretty quickly turns into gambling for you. So your only chance to win is pure luck. But luck is not a friend of consistency, therefore the only consistency you can reliably expect is losing to someone who has an undisputed edge over you and the market.

Feel free to comment and post your thoughts and ideas here.

Your analysis is quite spot on but at least you have lesser chance to lose money when trading. You can lose all your money instantly when you are gambling. On the other hand, you will only lose all of your investment on trading if you failed to get out on time or when exchanges close. Most of the times, you would only lose a percent of it but not all. Still, it doesn't change the fact that you take money from someone else when you profit from a trade.

Thats the only difference between gambling and trading,the chance of losing is minimal in trading that gambling but the essence is the same,your betting money to take the profit,this has been my outview eversince i compared this both.i am not a gambler but im a trader,but now i am confused between this if i will continue doing both or forget at all.since i am earning in signature campaign and having a work and business

ethereumhunter

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Quote from: MGBloomz on March 11, 2018, 03:33:26 AM

Quote from: Agrabah on March 06, 2018, 10:59:18 AM

I wouldn't say that trading and gambling are the same, because trading and gambling are different by nature.Trade on my Demo account only,then the game ends))

Yeah it's different. Although both has risk to lose your money. Trading has higher chances that you gain profits as gambling needs luck to gain due to slim probability of winning.

although we are lose the money in the trading, we still have a chance to recover our lose in the future especially when the price increases higher than the price we buy. but in the gambling, we cannot recover the money we lose because we don't have a chance to do that and the house is always won in the end. and if we can think what the benefits from trading and gambling, I think we can choose trading depends on gambling to make the money.

MGBloomz

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Quote from: Agrabah on March 06, 2018, 10:59:18 AM

I wouldn't say that trading and gambling are the same, because trading and gambling are different by nature.Trade on my Demo account only,then the game ends))

Yeah it's different. Although both has risk to lose your money. Trading has higher chances that you gain profits as gambling needs luck to gain due to slim probability of winning.

Happydd

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Trade is not always gambling. There are many people who abuse the bitcoin to commit illegal acts but not all gambling. Bitcoin is also a legitimate way of doing business and earning money if you follow the rules of bitcoin.

Topic: Trading is gambling after all (Read 1006 times)