What’s better to make a good profit - Trading or Gambling? - page 3.

Rabata

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Quote from: Ruttoshi on July 12, 2024, 12:28:22 PM

Gambling is done for fun and not for making profit because the possibility of making profit in gambling will determine on your luck and luck comes once in a while making it very difficult to make huge profit from gambling only people that their luck is in gambling.

Trading on the other hand is something that when you have a proper knowledge and long time experience in the market can bring huge profit to you if you understand what you are doing. Skill is capable of making you rich but in guessing or luck is 50-50.

In my point of view gambling can certainly be one of the ways to get rich quick. However, gambling to get rich is never recommended because gambling has a high chance of losing money. Just as a gambler loses a lot of money when he loses in gambling, he also has a chance of getting a lot more money when he wins. Trading is a completely different matter from gambling. Trading can result in either profit or loss for the trader. However, if he loses, he does not have to lose completely. There are also some differences in trading. Some conduct short term trading and others long term but if one wants to acquire good skills here one can expect to make some good profit but gambling is done with full risk. Certainly no one can get rich as fast as a person hits a jackpot even though it doesn't happen naturally but I don't know of any other way to get rich faster.

Ruttoshi

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Quote from: Adbitco on July 19, 2024, 09:11:13 AM

Quote from: betswift on July 19, 2024, 03:33:24 AM

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.

You know there is some people who might prefer gambling over the trading have known that there are some easier way to conquer those game to having winning like the slots and roulettes than sports bet, though most people do say trading is much more easier and of a true trading can be termed of having great knowledge to analyzed and monitor those coin to see how it moves, most times if those coin aren't potential enough then losing personal funds is one very sure quickly to happened therefore one must be up and doing to get information about the particular coin/token such person is trading and if there are good trend on that coin then profits is sure but must not be greedy while trading.

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.

Jawhead999

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Trading is likely make you earn a good profit, gambling has house edge and commission, so it's not easy to beat the system.

If you need one thing to be successful in trading, you might require 2-3 thing in order to be successful in gambling, so you're need to try harder to success in gambling. In my observation, it's not surprising to see someone successful in trading, but it's really rare to see gamblers make a living from gambling.

erep

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Quote from: TribalBob on September 08, 2024, 09:14:38 AM

I am also behind you , who disagree with this opinion, where this is the first time I have seen someone happy to lose, maybe you are too rich so you don't really think about losing when gambling, gambling is for fun but not for throwing away money, I would rather trade than gamble

That statement doesn't make sense because everyone doesn't like losing their money in gambling even half of the amount they deposit into a gambling account, everyone wants to get lucky in gambling and they don't actually want to lose anything in gambling, but some of them are attracted to the temptation of getting high wins from gambling so they gamble without handling to avoid high losses, we must follow the basic rules for gambling with risk considerations and limit the use of funds for gambling.

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Quote from: TribalBob on September 08, 2024, 09:14:38 AM

Quote from: summonerrk on July 19, 2024, 07:56:45 AM

Quote from: bubilas on July 19, 2024, 07:52:40 AM

I am sure that the casino has a huge advantage over trading, because in the casino you can have fun, and trading is just analyzing the chart, which brings absolutely no fun.
You just need to sit and look out for analysis patterns, as well as resistance and support levels. If you don’t guess correctly with the coin, then the money will simply disappear, but the difference is that in gambling it’s even fun to lose.

Excuse me, but I completely disagree with you.
What does it mean to have fun losing? How can the activity of playing the most important resource in any person’s life be “fun”?

I believe that if someone loses money, and it doesn’t matter - gambling or trading - then it’s bad. It's always bad.
But in general, I choose trading, because there the chances of getting money are much higher than in gambling. Any token, even if it has fallen in price, can rise. But in a casino, losing money is the end.

I am also behind you , who disagree with this opinion, where this is the first time I have seen someone happy to lose, maybe you are too rich so you don't really think about losing when gambling, gambling is for fun but not for throwing away money, I would rather trade than gamble

Even if we spend on our daily needs, we still don't feel happy seeing our money getting less and less, let alone losing money on gambling makes us happy.

Some people may gamble for entertainment, to find moments of relaxation after stressful working hours, but we can become more stressed if we lose when gambling. Even rich people will feel worse if they lose because no one wants to lose and lose money, that's the truth.
Yes, this is not only the first time I have seen someone feel happy when losing and also the first time I have seen someone enjoy gambling more than trading, especially for crypto investors like us. Most people know the harmful effects of gambling and only play with a certain amount of money and try to avoid addiction. Meanwhile, trading is considered as a way to make money although making money from it is not easy.

betswift

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Quote from: Tipstar on September 08, 2024, 09:34:33 AM

In my opinion, there are some difference between gambling and trading which makes trading more profitable if you have right knowledge and can give proper time. Gambling is a 100% luck, you can increase the chances of your winning with low odds but there's always a chance you may lose. But on trading, there are different tools that can minimize your loss while increasing your profit even if the results are totally random. Stop loss and profit taking in right time would turn your bets on trading to profit but with proper knowledge, your calculated guess are more likely to turn true in trading than on gambling. And there's trend. You can expect a rise on bullish trend and fall on bearish one but gambling would have no such trend.
So if you are logical enough, learn skills and watch the market and news closely, you can earn professionally from trading.

I agree.
Learn from the mistakes made, as you wouldn't be able to be good at it from the start as well, even if you have lots of theoretical knowledge under your belt.
It's worth it in the long run, in my opinion.

GideonGono

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What kind of gambling are we talking about?
There are also some games that doesn't only require luck but a skill would greatly affect their win rate, e.g card games people could use their skills here and it isn't just pure luck.
It would also depends on which field you understand or more skilled of, you couldn't just choose between two of them and decide that it would give you much higher profit.

Tipstar

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In my opinion, there are some difference between gambling and trading which makes trading more profitable if you have right knowledge and can give proper time. Gambling is a 100% luck, you can increase the chances of your winning with low odds but there's always a chance you may lose. But on trading, there are different tools that can minimize your loss while increasing your profit even if the results are totally random. Stop loss and profit taking in right time would turn your bets on trading to profit but with proper knowledge, your calculated guess are more likely to turn true in trading than on gambling. And there's trend. You can expect a rise on bullish trend and fall on bearish one but gambling would have no such trend.
So if you are logical enough, learn skills and watch the market and news closely, you can earn professionally from trading.

betswift

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Quote from: Mr. Magkaisa on September 08, 2024, 08:53:17 AM

Quote from: Adbitco on July 19, 2024, 09:11:13 AM

Quote from: betswift on July 19, 2024, 03:33:24 AM

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.

You know there is some people who might prefer gambling over the trading have known that there are some easier way to conquer those game to having winning like the slots and roulettes than sports bet, though most people do say trading is much more easier and of a true trading can be termed of having great knowledge to analyzed and monitor those coin to see how it moves, most times if those coin aren't potential enough then losing personal funds is one very sure quickly to happened therefore one must be up and doing to get information about the particular coin/token such person is trading and if there are good trend on that coin then profits is sure but must not be greedy while trading.

- If the person relies on luck, he will definitely choose gambling because there is no hassle to get a jackpot or a large amount of winnings; there are many such mindset gamblers in the field of crypto gambling. Although you can still get a profit there.

But, however, we know better that we can get more profit most of the time in trading if you have a broad knowledge or idea of trading activity, but if there is no deep foundation in trading knowledge, it will just fall into the mindset that relying on luck is no different than gamblers.

Yeah, more time and effort is needed to get a hold in trading and investing, for that matter.
Or you will think it's luck all over, whereas in fact it's less of an odd changer in the activity that can be analyzed beforehand and heavily, though, it may not be 100% still that things you think may happen - will.
Everybody decides for themselves.

TribalBob

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Quote from: summonerrk on July 19, 2024, 07:56:45 AM

Quote from: bubilas on July 19, 2024, 07:52:40 AM

I am sure that the casino has a huge advantage over trading, because in the casino you can have fun, and trading is just analyzing the chart, which brings absolutely no fun.
You just need to sit and look out for analysis patterns, as well as resistance and support levels. If you don’t guess correctly with the coin, then the money will simply disappear, but the difference is that in gambling it’s even fun to lose.

Excuse me, but I completely disagree with you.
What does it mean to have fun losing? How can the activity of playing the most important resource in any person’s life be “fun”?

I believe that if someone loses money, and it doesn’t matter - gambling or trading - then it’s bad. It's always bad.
But in general, I choose trading, because there the chances of getting money are much higher than in gambling. Any token, even if it has fallen in price, can rise. But in a casino, losing money is the end.

I am also behind you , who disagree with this opinion, where this is the first time I have seen someone happy to lose, maybe you are too rich so you don't really think about losing when gambling, gambling is for fun but not for throwing away money, I would rather trade than gamble

Mr. Magkaisa

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Quote from: Adbitco on July 19, 2024, 09:11:13 AM

Quote from: betswift on July 19, 2024, 03:33:24 AM

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.

You know there is some people who might prefer gambling over the trading have known that there are some easier way to conquer those game to having winning like the slots and roulettes than sports bet, though most people do say trading is much more easier and of a true trading can be termed of having great knowledge to analyzed and monitor those coin to see how it moves, most times if those coin aren't potential enough then losing personal funds is one very sure quickly to happened therefore one must be up and doing to get information about the particular coin/token such person is trading and if there are good trend on that coin then profits is sure but must not be greedy while trading.

- If the person relies on luck, he will definitely choose gambling because there is no hassle to get a jackpot or a large amount of winnings; there are many such mindset gamblers in the field of crypto gambling. Although you can still get a profit there.

But, however, we know better that we can get more profit most of the time in trading if you have a broad knowledge or idea of trading activity, but if there is no deep foundation in trading knowledge, it will just fall into the mindset that relying on luck is no different than gamblers.

harapan

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Quote from: I_Anime on July 22, 2024, 04:05:58 AM

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.

That's true you can make more money from trading than gambling , all you just need is to take your time to acquire some good skills concerning trading first especially the technical analysis skills. one can use such skills to tell the next move the market will take but is not always 100% sure. And one can easily manage trading risk than gambling risk.

but if one don`t understand the system of trading is like he or she is gambling their money , because alot of losses is going to be involved that is why most time alot of folks keep saying trading and gambling are same.

The skills required to become a trader and a gambler is obviously not the same.You can't seem to apply or measure gambling strategies to trading of course, because the knowledge and mental capacity differs.
The concept of trading and gambling are broad and they can only be treated and handled by overall professionals in the various fields.
They're profitable sectors to handle but it's not an easy activity to venture into, you'll undergo so many learning processes before you can master your crafts.

South Park

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Quote from: bubilas on July 23, 2024, 05:41:01 AM

You are absolutely right in noticing that in trading everything depends on the knowledge of the trader. Because without understanding the market, any trading turns into the most ordinary roulette, where it makes absolutely no difference to a person whether he sells cryptocurrency now or buys it.
This is very similar to roulette with a red and black field where the odds are 50/50.

If you do not know what you are doing, there is little doubt that trading can be quite more risky than gambling, and this is because unlike casinos which have a limit on the amount of money you can wager on each bet, exchanges do not set those kind of limits, so you can use all your savings in a single trade with a 100x leverage and you could lose everything you have worked so hard for in a matter of minutes or even seconds, while it could take you way longer than that to lose your money this way if you were to gamble that money away.

hedgeh0g

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Quote from: bubilas on July 23, 2024, 05:41:01 AM

You are absolutely right in noticing that in trading everything depends on the knowledge of the trader. Because without understanding the market, any trading turns into the most ordinary roulette, where it makes absolutely no difference to a person whether he sells cryptocurrency now or buys it.
This is very similar to roulette with a red and black field where the odds are 50/50.

In roulette, everything happens very quickly and we find out the result in a few seconds, while in the market we need more time, depending on our tactics and trading strategy. Of course, this is a long time if we trade medium or long term, but the speed of trading is affected by leverage and the more leverage we take, the faster we will know the result. But if we compare trading with high leverage or playing roulette, then I would choose roulette because there is no difference in the spread and because of this our chances may be higher.

In any case, I don’t trade with leverage and don’t play roulette, for me this is a passed stage, at the moment I’m most interested in trading on the spot market without any gambling components.

bubilas

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Quote from: I_Anime on July 22, 2024, 04:05:58 AM

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.

That's true you can make more money from trading than gambling , all you just need is to take your time to acquire some good skills concerning trading first especially the technical analysis skills. one can use such skills to tell the next move the market will take but is not always 100% sure. And one can easily manage trading risk than gambling risk.

but if one don`t understand the system of trading is like he or she is gambling their money , because alot of losses is going to be involved that is why most time alot of folks keep saying trading and gambling are same.

You are absolutely right in noticing that in trading everything depends on the knowledge of the trader. Because without understanding the market, any trading turns into the most ordinary roulette, where it makes absolutely no difference to a person whether he sells cryptocurrency now or buys it.
This is very similar to roulette with a red and black field where the odds are 50/50.

I_Anime

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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.

That's true you can make more money from trading than gambling , all you just need is to take your time to acquire some good skills concerning trading first especially the technical analysis skills. one can use such skills to tell the next move the market will take but is not always 100% sure. And one can easily manage trading risk than gambling risk.

but if one don`t understand the system of trading is like he or she is gambling their money , because alot of losses is going to be involved that is why most time alot of folks keep saying trading and gambling are same.

bubilas

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Quote from: summonerrk on July 19, 2024, 08:36:53 AM

Quote from: bubilas

I'm sure you understand what I meant by "having fun losing money at the casino." If by fate we are destined to lose or lose money, then let it not be boring.
It's actually like spending money on fun.
And in trading, if someone invested in shitcoin, then he will not only have empty pockets, but also feel sad because he chose this shitcoin. But in a casino this is not the case; there, any type of game has a chance to bring you profit.

That's okay, so be it. But in trading, a trader always manages risks; he can average his trading position if he sees that the rate of the cryptocurrency in which he invested is going into a drawdown.
In a casino, a gambler cannot influence in any way the fact that his balance decreases and decreases.

Yes, there are plenty of stories about jackpots, big wins in casinos, but the world of trading is also full of stories about how someone made a huge profit on memcoins.

You are overgeneralizing the concept of gambling. There are many different subspecies that are incredibly different from each other. These include card games, where mathematics is important, and slots, where your only luck. And I believe that in games like poker, a poker player manages risks much better than a trader who averages out his position.

And as for memcoins - only a few lucky ones got rich from this, the majority of people lost money.

Su-asa

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Quote from: betswift on July 19, 2024, 03:33:24 AM

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.

As a gambler or a trader looking forward to make profits but do t know which one of these two is good to make profits from, you should understand that gamble and trading are different things and gamble is were people come with their money and have fun, but if you have seen few successful gambler before you should also know that they were lucky to win such huge amount and you should also know that trading is a place were the majority of the traders already k ows that trading is for money making. Those traders have gone through a lot both mentally and emotionally before they are successfully through trading. However I can't tell which one you should choose among this two but you should just know that this two things are different.

danherbias07

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Quote from: bubilas on July 19, 2024, 08:00:45 AM

Quote from: summonerrk on July 19, 2024, 07:56:45 AM

Quote from: bubilas on July 19, 2024, 07:52:40 AM

I am sure that the casino has a huge advantage over trading, because in the casino you can have fun, and trading is just analyzing the chart, which brings absolutely no fun.
You just need to sit and look out for analysis patterns, as well as resistance and support levels. If you don’t guess correctly with the coin, then the money will simply disappear, but the difference is that in gambling it’s even fun to lose.

I completely disagree with you. What does it mean to have fun losing? How can the activity of playing the most important resource in any person’s life be “fun”?

I believe that if someone loses money, and it doesn’t matter - gambling or trading - then it’s bad. It's always bad.
But in general, I choose trading, because there the chances of getting money are much higher than in gambling. Any token, even if it has fallen in price, can rise. But in a casino, losing money is the end.

I'm sure you understand what I meant by "having fun losing money at the casino." If by fate we are destined to lose or lose money, then let it not be boring.
It's actually like spending money on fun.
And in trading, if someone invested in shitcoin, then he will not only have empty pockets, but also feel sad because he chose this shitcoin. But in a casino this is not the case; there, any type of game has a chance to bring you profit.

And it's which also means we should be having fun while playing it. If we do not have that kind of emotion anymore in the games that we play then we should just get out because it just means that our purpose changed from having fun to making money out of gambling which for me is a wrong approach unless it's sports gambling.
I don't see casino games giving us that large payout in a short amount of time, if ever it does then we are too lucky because some gamblers have played two years and yet no max win has visited them just yet. Casino games are meant to make us lose because there's no strategy behind it, we are just waiting for the one good strike and if we did, we should better withdraw as fast as we can.

Adbitco

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Quote from: betswift on July 19, 2024, 03:33:24 AM

I agree that we can only speculate on the movements of one coin taken in account, however, we have so much more tools for analyzing all the metrics that are available for everybody on different scans and software. You can, in any point of time, see all the transactions that are being procceed or are already done by small and big players alike, you can take into account what the whales of the market or of the specific coin are doing, and that's why I believe it's much more perspective to go with the Trading for the prospects that it holds.

You know there is some people who might prefer gambling over the trading have known that there are some easier way to conquer those game to having winning like the slots and roulettes than sports bet, though most people do say trading is much more easier and of a true trading can be termed of having great knowledge to analyzed and monitor those coin to see how it moves, most times if those coin aren't potential enough then losing personal funds is one very sure quickly to happened therefore one must be up and doing to get information about the particular coin/token such person is trading and if there are good trend on that coin then profits is sure but must not be greedy while trading.

Topic: What’s better to make a good profit - Trading or Gambling? - page 3. (Read 1419 times)