Topic: What’s better to make a good profit - Trading or Gambling? - page 4. (Read 1419 times)

You have generalized gambling in your comparison, implying that gambling is just a waste of money or a way to entertain ourselves without winning in the end. But in trading, we can apply strategies to be successful. Is that what you mean? For me, I think gambling can be defined as either luck-based or skill-based. If you have the skills, you can compare gambling and trading as ways of making money. Of course, this comparison is limited to certain types of games, as you can't compare slots (luck-based) to poker or sports betting (skill-based).

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.

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.

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 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.

So the conclusions gambling is easier to master and after we master the games, we can always make money from gambling? then I will ask how much you earn in gambling per month and show the evidence too.

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Sports bets are not similar like online Casino Games

It has to be said we should also differentiate between Sports Bets and online Gambling like online Casino Games, Dice Games, Slot Games or similar.
While online Casino, Dice or Slot Games are very risky because on average we will lose, we have to make a closer look to Sports betting.
Sports betting is a very broad sort of betting on all sorts of Sports, where we can select a market, which we like and which we want to bet on.
We can bet on markets like here on football:
-   Winner of a game
-   Total number of goals
-   To get a penalty kick
-   Total numbers of cards shown
-   Total number of corner kicks
-   Player to score a goal / get shown a card

It is a wide range of markets to bet on and we will have a possibility to make a personalized strategy for whatever market will be available, so our chances are pretty much better compared to a simple Dice game, where on average, we will lose for sure.
It’s quite possible for us to make a profit by having a good betting strategy.

Trading vs. Gambling

Trading is similar speculative like Gambling because in Trading, we make a speculation if, for example, Bitcoin’s price or any Altcoin’s price will go up or down. We can’t predict it for sure but we can analyze patterns and market movements to make a decision. Similar, like Gambling, Trading is also based on luck because no one can predict if and when a price of an asset will go up or down, we can only speculate.

Of course, we should not rely on profits from Gambling or Trading because it is a very risky strategy and always depends for big parts on luck to earn money for us.

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.

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.

We can always make money from either trading or gambling if we really know what we are doing. Gambling requires less skill to master the art while trading requires continues learning to master the skill.

If you want to make a better trade, then know how to go about it because trading is not the same as gambling, we often lose our money completely on bets in gambling while trading alone is an investment in which we make use of our skills acquired on trades for currency pairs, trading does not require losing money hundred percent like we do have it on gambling, we can thereby conclude on saying gambling is not an investment while trading is.

If you want to make a better trade, then know how to go about it because trading is not the same as gambling, we often lose our money completely on bets in gambling while trading alone is an investment in which we make use of our skills acquired on trades for currency pairs, trading does not require losing money hundred percent like we do have it on gambling, we can thereby conclude on saying gambling is not an investment while trading is.

Gambling and trading will be an apple to apple comparison only if the trading is being done blindly (by guessing only) without any other researches.

You can really mitigate your losses in trading conviniently without compromising all of your capital but in gambling, you have high chance of losing your money even if you try to mitigate it. In trading, there is trading risk management like using of stop loss which you can use to reduce your loss on the market id things turn out badly but in gambling, you can have options like Handicap and others but that doesn't mean you can't lose all your money, that's the difference in their risk management even with the skills.

Trading is safest even with little knowledge from if the market is good, you can make money swinging between up and down movement of the candle but gambling doesn't know if you are expert or learner, if you are going to lose your money, it is going to take it with no hesitation and you hardly see people with trading addiction as people complain much about gambling most often.

They both require all of those things, luck and skill. But you can go as free as you are when you trade and gamble. I'd say we don't have control in the outcomes but chances are being increased if we're skilled in both of it because we've got the advantage for having that. Both are like guessing games even if you are skilled with it and wherever you'd go and try to describe both of them, the fact that we like for each of them is about being profitable and that's occasional.

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