For me gambling is not a way of making money, I wouldn’t consider this activity as a full time job, but in trading we can find many people using it as a full time job to make good profits for long term.
Gambling is only a fun activity where you spend quality time, enjoy the entertaining experience either when you are betting for your favorite team to win, or playing slots trying your luck.
Most of people are losing in trading and also gambling, these people are using the term gamble in its real form. Good traders are the ones who are using successful strategies and they can make profits due to logic and analysis, however, such things doesn’t exist with gambling and betting since you are just trying your chance against a casino.
Topic: What’s better to make a good profit - Trading or Gambling? - page 9. (Read 1419 times)
legendary
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Leading Crypto Sports Betting & Casino Platform
The only difference is "initial capital" we need large capital in trading to get decent profits.
With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
Another difference that you can also add is that, in gambling, if you lose that $100 that you deposit, there is no way that you will be given a chance to win it back without looking for a means to add another $100 to your account and continue your gambling again. With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
But for trading, it's hard for you to get your asset 100% liquidated unless the person trades in the future, and with high-risk leverage, if not, there is always a chance for you to gain back your initial capital if you can realise your mistake on time and retrace your steps.
Understand that, trading is a skill which with it, we can be hopeful for a better future, but gambling, is not something that anybody can master, and winning and losing solely and completely depends on how lucky a gambler is, while in trading, skill plays the better role in ensuring the trader wins the trade or not.
The only difference is "initial capital" we need large capital in trading to get decent profits.
With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
Another difference that you can also add is that, in gambling, if you lose that $100 that you deposit, there is no way that you will be given a chance to win it back without looking for a means to add another $100 to your account and continue your gambling again. With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
But for trading, it's hard for you to get your asset 100% liquidated unless the person trades in the future, and with high-risk leverage, if not, there is always a chance for you to gain back your initial capital if you can realise your mistake on time and retrace your steps.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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.
As much as I agree with you, or may really love to agree with you since what you said kind of makes real sense to me, I would still say that gambling and trading (though both seem to follow same pattern) should not be compared, trading being like one who is gambling; and depends solely on luck to win his game totally depends on the type of trader, and this is because I believe trading has a lot to do with skill, possessing a good trading skill simply means that you can win a lot of trades, luck is actually a factor but it's not the most important, getting a good trading skill is what is most important.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.
And on the other hand, if I was to choose between trading and gambling, where to make my profit from, I will rather choose trading, for me, I think it's easier to make profit from trading than it is with gambling.
hero member
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Leading Crypto Sports Betting & Casino Platform
Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit.
Am not among the group of people who believes that trading is based on luck and not skill. There have been lots of argument on this forum regard such topic.
It's possible for someone to handle trading like gambling but the disadvantage of doing so is that you will incure more lose than profit. At least trading has lots of features to prevent you from losing totally (stop lose/take profit), trading has some software tool that can help you determine the direction of the market for the time period your trade is going to last.
If you don't want to be a high risker in the trading scene, you can only decide to enter a trade only when their is a very strong signal to make profit and you will definitely make profit.
In gambling, you are not certain about making profit, even if you try all your best strategy, you can only make profit when luck runs on your side.
There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.
Basically, these two things are indeed risky activities regardless of the difference in the level of risk, but the point is that as long as you can manage and control everything properly and correctly without exceeding your limits then you will be able to avoid various bad possibilities such as losing significant amounts of money. . On the other hand, as you said, even professional traders do not always end their trading sessions with a profit, sometimes they also experience losses, but that is normal because after all trading is a risky activity, and I would say that if you trade without being based on any knowledge and knowledge ( guessing without any reason) then it can actually be said to be gambling.
Long-term, I have doubts because Trading and Gambling are very tied to luck but we can indeed make a big profit if we have luck. Only requirement is to have luck and we can indeed make a big win and big profits. But such a win is not to be taken as to be repeated and next time, we can lose big time, even from our formerly positive strategy.
Yes, because inasmuch as both trading and gambling are tied with luck, let's not forget that while trading is tied to a luck of existing patterns, gambling on the other hand is tied with luck that has no pattern (i.e a random occurrence), because a gambler can be seen to win big today, and the next time he might be sported to win another big huge sum could be several months or a year time, unlike a trader who could spot a high pips while analysing trade and venture into it ro make high profit, and in a couple of weeks time while listening to global market news could still spot another high Gold/Dollar pips (i.e XAU/USD) to venture into to make huge profits too. Which is not possible with traditional casino gambling. Note:
Forex works with understanding how trading pairs work, and what factors affect its price movement, while gambling, most especially casino games works with 100% trying of luck
For me both have their advantages. Gambling is more chance based and if you want to be precise you can calculate exactly what your chances are. What your luck will need to be to hit certain multipleirs etc. You can even factor in all the bonuses and rakebacks a casino will offer you to be more precise.
With trading you might have better intuition of how markets will act but really markets can also be manipulated and your positions forced into losses or forced closed if you had any leverage especially. So I would say both are high risk activities but in trading no matter the experience you can still hit a bad trade and be liquidated. Most big traders make their bucks handling other people's money and keeping fees anyway because it's more reliable.
With trading you might have better intuition of how markets will act but really markets can also be manipulated and your positions forced into losses or forced closed if you had any leverage especially. So I would say both are high risk activities but in trading no matter the experience you can still hit a bad trade and be liquidated. Most big traders make their bucks handling other people's money and keeping fees anyway because it's more reliable.
The only difference is "initial capital" we need large capital in trading to get decent profits.
With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
Another difference that you can also add is that, in gambling, if you lose that $100 that you deposit, there is no way that you will be given a chance to win it back without looking for a means to add another $100 to your account and continue your gambling again. With the balance of $100 it will take time to get 100% profit from that $100, whereas in gambling you can get 100% profit quickly or lose $100 quickly too.
If you have "enough money", it is clearly better to do trading.
But for trading, it's hard for you to get your asset 100% liquidated unless the person trades in the future, and with high-risk leverage, if not, there is always a chance for you to gain back your initial capital if you can realise your mistake on time and retrace your steps.
hero member
Activity: 2912
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Leading Crypto Sports Betting & Casino Platform
I choose trading than gambling to make money. When we trade, we have an opportunity to make money especially when we have good skills in analyzing the market. If we stuck in the high price and we can hold the right coin, we will still have a chance to make a profit. But when we playing gambling and lose the money, we will difficult to gets the lost money before because casino will not allows us to do that easily.
But trading without having skills and just predict the market is like gambling and that will makes us difficult to make a profit. We can gets lose our money and can't gets the profit because we holds the wrong coins that will difficult to increase high. When you playing gambling, you should not trying to chase the wins because that will be difficult for you. So you knows how to treat gambling and trading properly and knows which can gives you the profit.
But trading without having skills and just predict the market is like gambling and that will makes us difficult to make a profit. We can gets lose our money and can't gets the profit because we holds the wrong coins that will difficult to increase high. When you playing gambling, you should not trying to chase the wins because that will be difficult for you. So you knows how to treat gambling and trading properly and knows which can gives you the profit.
- The majority on this platform of the forum know that often we can really get a profit from trading and not gambling online here in cryptocurrency, frankly speaking.
It only becomes bigger than maybe in gambling when someone gets a jackpot playing gambling.
Or if you know the tricks to win gambling online, but if it's just a typical gambling game, it will be a bit difficult for any gambling player to win to get a profit from it.
So, still Trading is the most useful tools for us to earn most of the time.
It only becomes bigger than maybe in gambling when someone gets a jackpot playing gambling.
Or if you know the tricks to win gambling online, but if it's just a typical gambling game, it will be a bit difficult for any gambling player to win to get a profit from it.
So, still Trading is the most useful tools for us to earn most of the time.
There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.
Basically, these two things are indeed risky activities regardless of the difference in the level of risk, but the point is that as long as you can manage and control everything properly and correctly without exceeding your limits then you will be able to avoid various bad possibilities such as losing significant amounts of money. . On the other hand, as you said, even professional traders do not always end their trading sessions with a profit, sometimes they also experience losses, but that is normal because after all trading is a risky activity, and I would say that if you trade without being based on any knowledge and knowledge ( guessing without any reason) then it can actually be said to be gambling.
Both trading and gambling involve risks. But if you are a professional trader then you will be able to earn more money from it. Moreover, which trade will do spot trade or future trade. If you involve yourself in futures trading you will think that it is more risky than gambling because can lose your money at times as many traders have lost even I lost my money in this trade. But if do spot trade, your risk level will be less, if you wait a little patiently, can profit by selling when the price rises.
Although many are professional gamblers, they lose money from their gambling because gambling depends entirely on luck. In gambling the loss is greater than the gain.
Although many are professional gamblers, they lose money from their gambling because gambling depends entirely on luck. In gambling the loss is greater than the gain.
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.
You will laugh and call it a scam if someone sells you courses on how to make money from gambling because it's not really possible to make consistent money from gambling, so between gambling and trading those profit seekers will opt to choose trading.
Trading and Gambling are often brought up when it comes to generate a speculative profit because for Gambling and Trading, it always needs luck for us to happen and to generate a profit. It’s said quite often for Gambling and Trading to be a source of income despite very speculative gains, so let’s discuss how Trading or Gambling can deliver us profits and which one is better.
Your motivation to take up trading is to have a source of income, and you can do that if you have the time and perseverance to learn how trading works; something you cannot say about gambling because whatever strategy you employ and how much time you invest its not possible to make money from gambling because it's a luck based game. Quote
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.
Both are risky, but there is a greater risk in gambling because gambling is more addictive than trading; gambling releases dopamine, the reward system that makes gambling addictive. 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.
There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.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.
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.
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.
Some people claim that they are surviving through crypto trading and I have no reason to doubt them because I don't have any experience. But it requires a whole lot of skills, experience, and money. A trader needs to understand the basic and technical concepts of the business before he can start making profits.
But I prefer gambling to trading. You can be lucky to win big with small funds in gambling but in most cases, you need to invest more in trading to get high profits. Gambling can be easily understood without much reading or experience, but that's not the case in trading. There are cases where first-time gamblers win big because they are just lucky. One can be easily scammed while trading because there are too many coins in the trading ecosystem. But in gambling, you are secure if you choose reputable casinos.
The punchline is that trading is like going to school learn a course and practice gives you the best experience in the market, if you don't dedicate your time, money and effort on it, you will not make profit but gambling can be done without taking it serious and before you know it, you might be lucky. I don't also trade because I don't have the patience it needs to learn better.
I wonder what percentage of this forum mentions “profits” per every , say ..10 posts. I’d gamble a lot on that, speaking of gambling profits.
This is so situationally based, it’s impossible to say without referencing specific situations. I will say this, I know a good amount of people on this forum are in poorer nations /situations and think this is the answer to making money..it’s not. Buy shares of an S&P 500 fund, put the money toward btc for long term growth, invest “gamble” in semiconductors etc. I’ve been a financial advisor for nearly 20 years and have done well investing and I never trade as it’s not for most as it takes a lot of time , skill and knowledge and even then it often ignores fundamental analysis.
Gamble for fun , not to make money and don’t trade, invest.
This is so situationally based, it’s impossible to say without referencing specific situations. I will say this, I know a good amount of people on this forum are in poorer nations /situations and think this is the answer to making money..it’s not. Buy shares of an S&P 500 fund, put the money toward btc for long term growth, invest “gamble” in semiconductors etc. I’ve been a financial advisor for nearly 20 years and have done well investing and I never trade as it’s not for most as it takes a lot of time , skill and knowledge and even then it often ignores fundamental analysis.
Gamble for fun , not to make money and don’t trade, invest.
I once won a 5-digit sum on Satoshi Dice but I knew the risks.
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.
There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two. 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.
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