What’s better to make a good profit - Trading or Gambling?

Frankolala

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Quote from: TheUltraElite on September 09, 2024, 06:28:11 AM

Quote from: Zackz5000 on September 09, 2024, 05:50:35 AM

For me I prefer gambling because the profit is big and fast for there is no way you can be losing all the time while gambling sometimes your win covers your losses.

The losing is also fast and I am yet to see a gambler who can prove that their wins have covered the losses. In reality if you do the math you can also understand that the opposite is true, losses always overcome the gains.

In trading though, we can divide into short term and long term. The former being more risky than the latter. Still the profits are never guaranteed. In contrast to gambling trading has the chance to retaining the opposite asset as something to sell in future in case it goes up. Anything other than spot trading is exactly similar to gambling though, pure luck.

Trading should be more profitable than gambling because if you take your time and learn trading, you can become a professional trader in future whereby you can start making profits from trading but in gambling it is the opposite because no one can be a professional gambler because gambling is more of luck than skills.

Gambling is not for profit making but some gammblers have seen gambling as a means to make profits for themselves. These kind of gamblers are the ones that get addicted and gamble without caution leading them to great loss.

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Quote from: Zackz5000 on September 09, 2024, 05:50:35 AM

For me I prefer gambling because the profit is big and fast for there is no way you can be losing all the time while gambling sometimes your win covers your losses.

The losing is also fast and I am yet to see a gambler who can prove that their wins have covered the losses. In reality if you do the math you can also understand that the opposite is true, losses always overcome the gains.

In trading though, we can divide into short term and long term. The former being more risky than the latter. Still the profits are never guaranteed. In contrast to gambling trading has the chance to retaining the opposite asset as something to sell in future in case it goes up. Anything other than spot trading is exactly similar to gambling though, pure luck.

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Quote from: knowngunman on September 09, 2024, 04:32:03 AM

Quote from: Akbarkoe on September 08, 2024, 06:52:56 PM

In addition, there are quite a lot of trading fields, such as spot trade, future trade, arbitrage trade and others, so you can choose options, each type has its own level of risk and profit, in principle as I said it is very worthy to be used as an option to find income in this profession.

Gambling is just putting and hoping, there is no risk management on what we might be able to do, and when we lose, our money is gone, and in terms of the mechanism for finding opportunities, trading can be calculated using in-depth analysis and the formula never changes.

Both trading and gambling are not better option to make profits, they are supposely alternatives to our physical sources of income. People tend to think of profits whenever these two are being mentioned as if it has no consequences. Trading is the hardest way to make easy money in cryptocurrency. You pay for every single mistake you make with dollars, not apologies. As for gambling, are we gambling to make profits in the first place? The answer depends on what you believe but rest assured that both gambling and trading are not a reliable way to make profits no matter what you believe.

All types of trading certainly have risks, even when you sell clothes in a shop, it also has risks (if we talk about risks).

However, we are discussing which is better to provide financial benefits between trading and gambling, because I have said that trading is much better than gambling if we talk about the long term, while gambling only has the same behavior every time you gamble. Although in terms of business this is not good and can only be used as an alternative or side job from the main job, but if you compare gambling and trading, I think trading is better if the goal is to earn income, but for entertainment you can choose gambling. Tongue

Zackz5000

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Both are profitable gambling and trading but the profit in gambling is bigger and also pay faster but with higher risk compare to trading both also required some basic knowledge but one can improve his or her learning skill in trading while some times in gambling luck is required to win.
For me I prefer gambling because the profit is big and fast for there is no way you can be losing all the time while gambling sometimes your win covers your losses.

Pandu Geddon

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Quote from: traderethereum on September 09, 2024, 05:16:52 AM

Gambling is not a source of income, that is right because we risks our money to make money while in trading, we can learn how to analyze the market. We can improve our skills in trading by learning from many sources but although you can improve our skills in certain gambling games, you still need luck to win especially if you meet a though gamblers.
Sport betting also need luck because many times we see the winner team come from the underdog team because the situation can be change without anyone predict. But if you trade without having skills or you can not analyze with right, you are gambling with your money and that will give risks of losing the money.
If people want to make a profit, they can try trading than gambling because they will have that chance if they want to learn about analysis. People could only use gambling to have fun and relax by playing some gambling games.

To understand what you say is true. gambling for fun and trading for profit. but you certainly know what the reality is that is happening today. many gamblers also force or hope too much for the gambling they do until they forget the fun in the game because their ambition is only to get profit from gambling.
But the opposite situation also occurs in trading, we can see how novice traders force themselves to try to get profit from their initial trades. as you said, without knowledge and skills, trading can be gambling.

Both can be profitable for us. but back to our understanding of both. but it's better not to make it a source of income.

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Quote from: viljy on September 09, 2024, 03:42:12 AM

If you choose between these three options: trading, gambling and sports betting, then it is preferable for an ordinary person to choose the latter. Trading is characterized not only by a high element of unpredictability, but also requires training and experience. Gambling in general cannot be considered as a permanent source of profit, since their outcome is completely random. But sports betting does not require any special professional training (unlike trading, it is enough to navigate this topic, be interested, and always be aware of events). Also, sports betting is not a gambling game, because although it contains an element of chance, the outcome of a particular sporting event is not accidental.

Gambling is not a source of income, that is right because we risks our money to make money while in trading, we can learn how to analyze the market. We can improve our skills in trading by learning from many sources but although you can improve our skills in certain gambling games, you still need luck to win especially if you meet a though gamblers.
Sport betting also need luck because many times we see the winner team come from the underdog team because the situation can be change without anyone predict. But if you trade without having skills or you can not analyze with right, you are gambling with your money and that will give risks of losing the money.
If people want to make a profit, they can try trading than gambling because they will have that chance if they want to learn about analysis. People could only use gambling to have fun and relax by playing some gambling games.

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Quote from: Akbarkoe on September 08, 2024, 06:52:56 PM

In addition, there are quite a lot of trading fields, such as spot trade, future trade, arbitrage trade and others, so you can choose options, each type has its own level of risk and profit, in principle as I said it is very worthy to be used as an option to find income in this profession.

Gambling is just putting and hoping, there is no risk management on what we might be able to do, and when we lose, our money is gone, and in terms of the mechanism for finding opportunities, trading can be calculated using in-depth analysis and the formula never changes.

Both trading and gambling are not better option to make profits, they are supposely alternatives to our physical sources of income. People tend to think of profits whenever these two are being mentioned as if it has no consequences. Trading is the hardest way to make easy money in cryptocurrency. You pay for every single mistake you make with dollars, not apologies. As for gambling, are we gambling to make profits in the first place? The answer depends on what you believe but rest assured that both gambling and trading are not a reliable way to make profits no matter what you believe.

Quote from: bakasabo on September 09, 2024, 03:58:54 AM

Why do we even compare profit from trading with profit from gambling? I dont get either why we call it profit from gambling, as this is the amount won. At the same, these two activities are totally different. If people need to learn first how to analyze asset for purchase, then a newbie within few minutes will understand how to bet and how the game works. But, with a proper approach and luck, both trading and gambling can bring profit. However with trading it will be more easy or lets say it forgives some mistakes and gives short time to fix the situation. In gambling, when bet is lost, nothing can be done anymore.

They are actually similar but not the same despite that the risk involved is the same which is losing money. Trading has manual for beginners and with time they can get used to it and able to minimize the risk of losing money but gambling is totally out of your control. I don't want to refer to gambling win as a profit since it's not specifically designed for that but people have changed the whole thing about gambling.

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Why do we even compare profit from trading with profit from gambling? I dont get either why we call it profit from gambling, as this is the amount won. At the same, these two activities are totally different. If people need to learn first how to analyze asset for purchase, then a newbie within few minutes will understand how to bet and how the game works. But, with a proper approach and luck, both trading and gambling can bring profit. However with trading it will be more easy or lets say it forgives some mistakes and gives short time to fix the situation. In gambling, when bet is lost, nothing can be done anymore.

viljy

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If you choose between these three options: trading, gambling and sports betting, then it is preferable for an ordinary person to choose the latter. Trading is characterized not only by a high element of unpredictability, but also requires training and experience. Gambling in general cannot be considered as a permanent source of profit, since their outcome is completely random. But sports betting does not require any special professional training (unlike trading, it is enough to navigate this topic, be interested, and always be aware of events). Also, sports betting is not a gambling game, because although it contains an element of chance, the outcome of a particular sporting event is not accidental.

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Quote from: zuzie on September 09, 2024, 02:29:47 AM

Quote from: Akbarkoe on September 08, 2024, 06:52:56 PM

Gambling is just putting and hoping, there is no risk management on what we might be able to do, and when we lose, our money is gone, and in terms of the mechanism for finding opportunities, trading can be calculated using in-depth analysis and the formula never changes.

Yep, that's how gambling is actually, many people are too hopeful of the results of gambling profits so they easily bet quite a lot of money because they want their wishes to come true immediately, but it cannot be denied that the impact will be losing money and losses are also in sight and it is real, it will definitely happen and be experienced by most gamblers.
Yes, if there is someone who is good at playing trading, he should properly maintain his expertise in playing trading because not all smart people will run trading easily, it does require special expertise or skills in running it.

There is a simple difference between trading and gambling, trading depends on skill and gambling depends on luck. Trading is much less risky than gambling. After investing any money in gambling you either lose it or gain profit. But trading is different. As you become proficient in trading, you will minimize your risk of loss and increase your chances of making a profit. Different casino gambling is different, those who gamble are mainly gambling for entertainment. Making profit is not their main goal. Therefore advising them on profit and loss will not be effective. But profit and loss matters to sports gamblers, who rely on luck in the hope of winning, which most of them sink. No skill comes into play here, totally dependent on luck. But trading mostly depends on skill where there are various ways to minimize loss potential. So trading is best for someone who is skilled in trading.

zuzie

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Quote from: Akbarkoe on September 08, 2024, 06:52:56 PM

Gambling is just putting and hoping, there is no risk management on what we might be able to do, and when we lose, our money is gone, and in terms of the mechanism for finding opportunities, trading can be calculated using in-depth analysis and the formula never changes.

Yep, that's how gambling is actually, many people are too hopeful of the results of gambling profits so they easily bet quite a lot of money because they want their wishes to come true immediately, but it cannot be denied that the impact will be losing money and losses are also in sight and it is real, it will definitely happen and be experienced by most gamblers.
Yes, if there is someone who is good at playing trading, he should properly maintain his expertise in playing trading because not all smart people will run trading easily, it does require special expertise or skills in running it.

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Quote from: Frankolala on July 12, 2024, 10:30:01 AM

You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.

I agree with you! People now go to trading academy to learn the skill and right way of trading. When you study the market trends and the chart, you can be able to make better informed decision to minimise your trading losses and increase profit.

On the other hand, gambling can get its players addicted, the gambling system is designed to profit its players that play wisely, so you need to get a tutor that will teach you the game of gambling first. Most gamblers may end up broke, in dept, delusional or in conflict with their family and close friends if they do not budget gambling funds and play strategically.

You can make friends as a trader or gambler that can put you through the trading business and support you if need be but know that if you don't play or trade wisely ones you money goes it goes.

Both have risks involve but I'd advice anyone planning to trade or gamble to study the platform very well and where even pick up skills like critical thinking or side hustles like web3 than playing or trading with little training, budgeting and support system.

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If the main goal is to make a profit in the long term, then I would still recommend trading. However, each type of activity has its pros and cons...
I do not consider casino games here, because in general they are created more for entertainment, and not for long-term profit. Sports betting can be such a source, but there are also many cons.
1. Forecasting in sports betting is generally more difficult than in trading. In trading, you have many tools for analysis, such as classical technical analysis, Elliott wave theory, VSA, Wyckoff theory, Smart Money and so on.
In sports betting, such theories generally do not exist or are more complex.
2. In trading, there are many ways to smooth out a loss, but in sports betting this is not possible. You either lose the bet or make a profit, there is no third option. In trading, you can average infinitely.

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You are wrong, if all you have in your head is luck while trading you won't learn the hard way, trading is more skilled than gambling, respect the chart, follow what it says rather than what you want to happen in your head, smart traders use tools to analyze the chart and this put them in a safer position.

Also, do not forget that trading has a stop losses advantage, if you know how to use it you won't always lose money if your prediction goes the wrong way, you can't use stop losses in gambling, it is obvious that gambling is more risky than trading, no charts to watch carefully, no tools to use to evade losing everything once the bet is on.

Once you know trading there is a chance that you will grow better than relying only on gambling lucks, the difference is night and day, trading is far from luck, acquire the skills and you will lose less money compare to gambling, in fact, smart traders don't trade everyday, they do it once the opportunity present itself, it is all in the chart, but gambling is likely everyday for you to win since you don't know when you will be lucky again.

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Quote from: khiholangkang on September 08, 2024, 03:09:40 PM

Quote from: Adbitco on September 08, 2024, 02:52:17 PM

Quote from: Ruttoshi on September 08, 2024, 11:32:37 AM

Trading is too stressful and complex, it is not easy to make profit without proper knowledge from trading. However, trading is a skill and one can be a professional at it to the point of making profits frequently.

On the other hand, gambling is easy and does not need to much stress because it relieves one from stress. Gambling is a means of entertainment and use for fun. I can take the risk of gambling to try my luck but I don't understand trading and feel that there is no need of risking my funds to trade. You can hit the jackpot in slots game without having any knowledge.

Even in the slot game you need to understand how it works before going to play it otherwise you won't make any hit from it, but however in trading needs time and attention to study how the market works even in gambling one need to have idea and clue on how to go about the games before making winnings.

Just take for example in sport betting, you need to know how to predict games or how the games works before you can choose the team to win or to bet against, if you don't have the proper knowledge there is no day you can go bet on them or even place bet on the team to win so they both need knowledge or at least to understand how the system works to be at winning side.

After all, both trading and gambling do require information, though they are different in nature. Trading is also more intimidating because it seems complicated (due to market analysis), and because it seems to require a lot of skill and knowledge to do it, therefore it seems difficult for those who are not used to it.

On the other hand, gambling is often viewed as relaxed since its basis is fun and luck to win. It is relaxed since although there is a level of knowledge required, it is only basic. For example, one must understand how a slot machine works. Or be in a position to predict the game when placing a sports bet. Therefore one may think that winning is luck. But gambling also requires at least a little knowledge.

The point is that trading and gambling require knowledge. Not of the same type, level, or form because both certainly involve risks. However, the knowledgeable party needs the traps and understanding to reach the winning party.

Usually the level of knowledge may differ but still in both they have level of information one should have to enable them succeed in each other. To succeed in gambling you must be well knowledgeable in the field of gambling while in trading one needs to be well knowledgeable to determine how the market and trading works because you can use the knowledge of gambling explore in trading neither can one use the knowledge of trading to gambling.

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Quote from: Nrcewker on September 09, 2024, 12:08:53 AM

Quote from: OgNasty on September 08, 2024, 03:04:38 PM

Trading and gambling are both degenerate ways to make money because they can also lose you a lot of money and take your time. Neither can be counted on as income and the odds are against you in both cases. Instead of trading, you should invest if you want to earn money and gambling should be done as a form of entertainment, not income.

But OP isn’t asking for ways to earn money. His question is very simple: which will give more profits? He already wants to take risks but is unable to determine which one will give him more profits. If you ask me, then you need to think practically. In gambling, the risk involved is high, but the profits are also big and fast. Whereas in trading, the risk is comparatively less, hence you will need some time to make the profits. So whether to choose gambling or trading, it completely depends on you and on your risk-taking capabilities.

You are totally right.
Everybody's choice where to put the odds in place, though, I would choose trading, combining it with investing.
Gambling would be like a stress-off for me, as it can't really be a reliable source of income.

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Quote from: Tmoonz on September 08, 2024, 11:51:18 PM

Quote from: Makus on September 08, 2024, 05:17:04 PM

Quote from: HONDACD125 on September 08, 2024, 03:13:05 PM

Quote from: OgNasty on September 08, 2024, 03:04:38 PM

Trading and gambling are both degenerate ways to make money because they can also lose you a lot of money and take your time. Neither can be counted on as income and the odds are against you in both cases. Instead of trading, you should invest if you want to earn money and gambling should be done as a form of entertainment, not income.

True, but if we are to compare the two, trading should probably be the option to go with because, with ample knowledge and understanding about the cryptocurrency market, one can manage to earn some profits through trading whereas gambling is something that is completely based on luck and you can't make money from it if you are unlucky and luck can't be gained or learned or earned, it comes naturally and you can't bring luck from anywhere.

There should be no comparison between the two because both of these are completely different things apart from one or two types in both sides which might have some resemblance such as sports betting in gambling and futures trading in trading which both require knowledge and experience and are equally risky, or maybe futures trading is riskier because the market is way more unpredictable than a sports event.

Both gambling and trading has to do with predictions but the distinction between them is that trading is a better and professional way of making money where as gambling can be played by an individual with zero experience and still make a great win due to luck while those with previous gambling experience might be on a losing strike. Though traders with experience also run into loses but, the fact is, they can still recover all their loses by applying good analytical knowledge. But gamble is essentially all about lucks and nothing much.

I sincerely agree with you on this, irrespective of the fact that both gambling and trading are risky but in my own opinion and comparatively trading is less risky since there is a high chances of winning than loss if the necessary knowledge is being applied, but however when it comes to gambling luck has a majore role to play before you could win, while gambling is more fun play for entertainment prioritizing making money from it can be very unrealistic when compared with trading because at most times people tend to loss than win, above all we need to be very careful in both.

I also agree with you, both trading and gambling are risky, but proper market research and use of proper strategy in trading reduces the possibility of risk a lot. But in gambling it depends on luck, as it is uncertain most of the time. Luck plays a big role in gambling, so it is unrealistic to compare trading with gambling in this field. Because in trading we can be safer than gambling due to proper research and proper strategy, Trading is safe if conducted with proper knowledge and experience. but luck matters more in gambling.

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Quote from: OgNasty on September 08, 2024, 03:04:38 PM

Trading and gambling are both degenerate ways to make money because they can also lose you a lot of money and take your time. Neither can be counted on as income and the odds are against you in both cases. Instead of trading, you should invest if you want to earn money and gambling should be done as a form of entertainment, not income.

But OP isn’t asking for ways to earn money. His question is very simple: which will give more profits? He already wants to take risks but is unable to determine which one will give him more profits. If you ask me, then you need to think practically. In gambling, the risk involved is high, but the profits are also big and fast. Whereas in trading, the risk is comparatively less, hence you will need some time to make the profits. So whether to choose gambling or trading, it completely depends on you and on your risk-taking capabilities.

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Quote from: Makus on September 08, 2024, 05:17:04 PM

Quote from: HONDACD125 on September 08, 2024, 03:13:05 PM

Quote from: OgNasty on September 08, 2024, 03:04:38 PM

Trading and gambling are both degenerate ways to make money because they can also lose you a lot of money and take your time. Neither can be counted on as income and the odds are against you in both cases. Instead of trading, you should invest if you want to earn money and gambling should be done as a form of entertainment, not income.

True, but if we are to compare the two, trading should probably be the option to go with because, with ample knowledge and understanding about the cryptocurrency market, one can manage to earn some profits through trading whereas gambling is something that is completely based on luck and you can't make money from it if you are unlucky and luck can't be gained or learned or earned, it comes naturally and you can't bring luck from anywhere.

There should be no comparison between the two because both of these are completely different things apart from one or two types in both sides which might have some resemblance such as sports betting in gambling and futures trading in trading which both require knowledge and experience and are equally risky, or maybe futures trading is riskier because the market is way more unpredictable than a sports event.

Both gambling and trading has to do with predictions but the distinction between them is that trading is a better and professional way of making money where as gambling can be played by an individual with zero experience and still make a great win due to luck while those with previous gambling experience might be on a losing strike. Though traders with experience also run into loses but, the fact is, they can still recover all their loses by applying good analytical knowledge. But gamble is essentially all about lucks and nothing much.

I sincerely agree with you on this, irrespective of the fact that both gambling and trading are risky but in my own opinion and comparatively trading is less risky since there is a high chances of winning than loss if the necessary knowledge is being applied, but however when it comes to gambling luck has a majore role to play before you could win, while gambling is more fun play for entertainment prioritizing making money from it can be very unrealistic when compared with trading because at most times people tend to loss than win, above all we need to be very careful in both.

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Quote from: Docnaster on September 08, 2024, 05:13:52 PM

Quote from: Akbarkoe on September 08, 2024, 05:00:43 PM

Trading I know involves a lot of risks but it's not as risky as gambling. When you've mastered the trading market and how it works, you'll hardly lose money in and even when the direction of the trading market is going against you, you can stop trading at that moment until it comes back to the point you can handle. Gambling on the other hand is as simple as putting one money on a mere prediction and hope for the best. I've seen many people who got rich through trading and still trading today but I've rarely seen gamblers who became wealthy through gambling

In addition, there are quite a lot of trading fields, such as spot trade, future trade, arbitrage trade and others, so you can choose options, each type has its own level of risk and profit, in principle as I said it is very worthy to be used as an option to find income in this profession.

Gambling is just putting and hoping, there is no risk management on what we might be able to do, and when we lose, our money is gone, and in terms of the mechanism for finding opportunities, trading can be calculated using in-depth analysis and the formula never changes.

Topic: What’s better to make a good profit - Trading or Gambling? (Read 1419 times)