Which one is more risky? Skill-based gambling or trading? - page 17.

Viscore

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Quote from: iram3130 on March 26, 2017, 03:24:05 AM

I feel that both the options are of same risk.
But if you have a deep understanding then skill based gambling is not riskier than skill based trading. Trading with proper skills is more profitable.
Gambling is always a risky thing in my opinion, people don't stop gambling at a certain moment, they always crave for more and while doing that they loose more.

Both are risky and I agree with that but you can minimize the risk if you will only focus on one that you really love to do. Skilled based games
are not solely based on luck although it's part of the recipe to win in gambling, you can be a poker player and make a living on it but like every
other journey, you need to train yourself to be successful and if you learn from your mistakes every time you commit you'll mature and probably succeed.

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All I know is that I know nothing.

i am going to vote for "skill-based gambling" because i do believe that at the end of the day with all things said and done you are still going to lose all the money in gambling and it doesn't matter what you do.

lets say you are good at both things (skill based gambling and trading) and both have risks, we all know that. but if you speculate the market wrong and price moves in other direction, you can still get out with a small loss. but in gambling if you "guess" the next move wrong you are out 100%.

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I feel that both the options are of same risk.
But if you have a deep understanding then skill based gambling is not riskier than skill based trading. Trading with proper skills is more profitable.
Gambling is always a risky thing in my opinion, people don't stop gambling at a certain moment, they always crave for more and while doing that they loose more.

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Quote from: Kolder on March 23, 2017, 08:12:34 AM

Quote from: Kotone on March 23, 2017, 08:03:36 AM

Both are risk when you are skilled played there are chancethat you will lose the game too even in trading you could take the chance for those altcoins that has a good potential of rising minimize your lose when the coins are stocked up on the price, But in gambling it could be luck if you had luck then you will win but not everyday.

true, both were risky . For both needs to considered the time and the value of btc. Both in terms of playing in gambling like when it would be a lucky day or not, thus it is time to continue playing or not . Or it is the time to do trading , will it make you earn more or less. Deciding is crucial in both and your btc is always at risk in doing both.

Yes, they are both risky, but the risk in gambling is bigger than the risk in Trading, at least in trading, we are sure that our money is in the safe place if we are going to wait for the right time to buy and sell our Altcoins that we are using in Trading, while in Gambling, we are not sure all of the time if we are going to win or not, does it worth it our money to risk in Gambling? NO, so Trading is more better than Gambling, and they don't have the same percentage of risk.

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Quote from: geopolisch on March 26, 2017, 12:59:20 AM

Quote from: ethereumhunter on March 26, 2017, 12:44:14 AM

if we compare between skill based gambling and skill based trading, then i am choose skill based gambling for more risky because whenever we are playing gambling, the chance for us to get loss is still open and we can get our money loss in anytime. but in trading, if we have skill and if somehow we are stuck in high price, then we still have a chance to sell it in higher price but we need longer time before we can sell it.

Skill based trading ?
Is it a new category of trading, I just come to know about. But I am sure there will be no possibilities of luck based trading, right ?

Honestly, in my opinion both skill based gambling and trading are very much similar things, we can make profits with both of them. The catch must be for both trading and gambling we must need some luck beyond our skill, yes being skilled is alone will not help any trader/gambler to make profits consistently.

Trading requires skills obviously and it's different from gambling where there's a skilled based and luck based. I doubt if one who try to do luck based
trading when it's not fun like gambling. You'll never gonna earn in trading if you do not have the knowledge of what you are trading, most likely
you will just be tempted to do a wrong decision especially when FUD takes place.

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Quote from: ethereumhunter on March 26, 2017, 12:44:14 AM

if we compare between skill based gambling and skill based trading, then i am choose skill based gambling for more risky because whenever we are playing gambling, the chance for us to get loss is still open and we can get our money loss in anytime. but in trading, if we have skill and if somehow we are stuck in high price, then we still have a chance to sell it in higher price but we need longer time before we can sell it.

Skill based trading ?
Is it a new category of trading, I just come to know about. But I am sure there will be no possibilities of luck based trading, right ?

Honestly, in my opinion both skill based gambling and trading are very much similar things, we can make profits with both of them. The catch must be for both trading and gambling we must need some luck beyond our skill, yes being skilled is alone will not help any trader/gambler to make profits consistently.

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Quote from: Skarner21 on March 25, 2017, 06:15:42 PM

Honestly its a confuse question because trading is skill based too and skill base in gambling is just the same that you are gamble in not skill base game.
More risky you can get in gambling than trading if we compare them if you lose in gambling nothing you can recover unlike in trading that you can be still sell what your altcoin you hold if the price is going down you can be sell them and recover few of your loses..

I compare gambling and trade like bitcoin and google adsense. Both have the same risk but trade/adsense takes time to learn, if you don't have good technique will lose more money than gambling. I love the actual gambling, but as always chancy, and in the end I chose to learn a trade with more complex, if cost of capital is calculated the same doesn't seem to make any difference.

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Quote from: MinerHQ on March 25, 2017, 09:19:16 PM

Quote from: 2double0 on March 25, 2017, 03:55:12 PM

Both share the risk equally as the case with both the things is, even skill-based gambling needs luck to convert your efforts into winnings, else you will have yourself buried hard into the colors of loss, where trading is also based on luck equally if compared to gambling, as you will need luck to let the market move towards your side.

If you start trading without any basics of trading then yes it is same as gambling and end results depend only on luck. But if you learn the basics and go for longer trade then you got a much better chance of making money from trading. So before going to trading first try to learn the things how it works then start with a small amount until you gain experience in trading.

if we compare between skill based gambling and skill based trading, then i am choose skill based gambling for more risky because whenever we are playing gambling, the chance for us to get loss is still open and we can get our money loss in anytime. but in trading, if we have skill and if somehow we are stuck in high price, then we still have a chance to sell it in higher price but we need longer time before we can sell it.

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Quote from: 2double0 on March 25, 2017, 03:55:12 PM

Both share the risk equally as the case with both the things is, even skill-based gambling needs luck to convert your efforts into winnings, else you will have yourself buried hard into the colors of loss, where trading is also based on luck equally if compared to gambling, as you will need luck to let the market move towards your side.

If you start trading without any basics of trading then yes it is same as gambling and end results depend only on luck. But if you learn the basics and go for longer trade then you got a much better chance of making money from trading. So before going to trading first try to learn the things how it works then start with a small amount until you gain experience in trading.

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Massive price drop coming...

Honestly its a confuse question because trading is skill based too and skill base in gambling is just the same that you are gamble in not skill base game.
More risky you can get in gambling than trading if we compare them if you lose in gambling nothing you can recover unlike in trading that you can be still sell what your altcoin you hold if the price is going down you can be sell them and recover few of your loses..

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Quote from: Blackdeath on March 23, 2017, 08:42:35 AM

Quote from: rik3 on October 28, 2016, 03:43:42 AM

Quote from: ABCbits on October 27, 2016, 10:48:35 AM

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.

According to Me Gambling Has More Risk as Compare to Trading Because Gambling Is a Shit Game Based On Luck and Here Your Knowledge and Experience Doesn't Work But In Trading You Need Knowledge and Experience to Earn some Big Money And Also There is a Big Difference Between Trading and Gambling That Gambling is Not a Business And Trading is a Business.......

Both trading and gambling have its own risk but the difference is there's a higher risk in gambling than trading. In gambling there's a low chance of winning and you can't get a high profit from there. Yet, you need a more luck in order to win in gambling. But in trading, it has a less risk and you need a patience. In trading you must watch closely the value of coins that you are trading because it may cause to your loss.

yes that is very right that both have their own type of risk but still i will like to add that gambling is still risky and the reason is that in gambling we depend on our luck and there are very little chance of our skill and experience.

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Both share the risk equally as the case with both the things is, even skill-based gambling needs luck to convert your efforts into winnings, else you will have yourself buried hard into the colors of loss, where trading is also based on luck equally if compared to gambling, as you will need luck to let the market move towards your side.

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Quote from: stomachgrowls on March 23, 2017, 08:17:34 AM

Quote from: Kolder on March 23, 2017, 08:12:34 AM

Quote from: Kotone on March 23, 2017, 08:03:36 AM

Both are risk when you are skilled played there are chancethat you will lose the game too even in trading you could take the chance for those altcoins that has a good potential of rising minimize your lose when the coins are stocked up on the price, But in gambling it could be luck if you had luck then you will win but not everyday.

true, both were risky . For both needs to considered the time and the value of btc. Both in terms of playing in gambling like when it would be a lucky day or not, thus it is time to continue playing or not . Or it is the time to do trading , will it make you earn more or less. Deciding is crucial in both and your btc is always at risk in doing both.

True,no matter which way you would go your BTC would be always at risk on losing it and would really depend on how you gonna control or manage it but comparing among the two things i would go for trading it might not be simple but its really worth it to learn specially on long term purposes.

This we saw how bitcoin works perfectly we learned from it and we implemented to our self to be more educated on how we handle our money from which activities we choose. Loosing money is alright when we can get it back in a day managing is easy too simple way to live is to use bitcoin investment is not a good idea but when you had a lot of stack why not,

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Quote from: Slark on March 23, 2017, 08:41:54 AM

Gambling is still gambling no matter how hard you will try to sell it as 'skill-based' activity, of course I heard about poker pros and skilled sportbettors.
From the other hand you can argue that trading is nothing more that game of hunches, selling the news and educated guessing.
I guess op was asking which of these to are better method to use for earning steady profits - so the correct answer is neither of these two.

That's true gambling is always a gambling no matter how hard we try playing it we always lose we we won sometimes we can't guaranteed our winning on gambling even it is poker or whatsoever we always depends on luck. Trading is good when we are focusing on it we always getting update from news and other website that post about bitcoin it self. but i preferred more about trading to earn steady here.

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Quote from: kikeda on March 20, 2017, 05:10:50 AM

I don't think any skill can help you to win in gambling as it is only based on luck and that makes it very risky so if I have to choose between the both then I will give a try to trading after developing skills and getting knowledge by looking at the charts and its less risky in compare to gambling.

similarly you can make profits with skill based a gambling. Moreover many gamblers are claiming that they are making consistent profits from skill based gambling than what they have achieved in trading.

I guess you are not bothering about the types of gambling. If you look overall, most of the gambling are pure luck-based, but there are few games which are profitable when we are using our skills and experience, arguably they are more profitable than trading.

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Quote from: Xenophoto on March 23, 2017, 09:33:19 AM

None of them, honestly. You're just as good as your experience, effort, and skill on both skill-based gambling and trading. Without skill, you're purely be gambling. It will be as if you are blind folded and you are going to find stuffs in a dark room.

In trading, buying coins that don't have potential at all or buying coins without analyzing the chart and looking at the news will mean that you're relying on luck. It's like you just rolled a dice on gambling and you randomly put a bet somewhere.

In skill-based gambling, you will be defeated easily by the people that can take advantage of the opportunities. Even when you get a good pair of cards in poker, if somebody knows how to make you scared and end up folding, you will still lose.

I agree, both have their pros and cons. You just have to be good at either of them to really profit from it. They are both still risky and it is up to the user to reduce the risk he is taking and improving his chances of winning by being an expert at what he chose to do. Skill and experience will play a good role here.

Xenophoto

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None of them, honestly. You're just as good as your experience, effort, and skill on both skill-based gambling and trading. Without skill, you're purely be gambling. It will be as if you are blind folded and you are going to find stuffs in a dark room.

In trading, buying coins that don't have potential at all or buying coins without analyzing the chart and looking at the news will mean that you're relying on luck. It's like you just rolled a dice on gambling and you randomly put a bet somewhere.

In skill-based gambling, you will be defeated easily by the people that can take advantage of the opportunities. Even when you get a good pair of cards in poker, if somebody knows how to make you scared and end up folding, you will still lose.

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Quote from: Kolder on March 23, 2017, 08:12:34 AM

Quote from: Kotone on March 23, 2017, 08:03:36 AM

Both are risk when you are skilled played there are chancethat you will lose the game too even in trading you could take the chance for those altcoins that has a good potential of rising minimize your lose when the coins are stocked up on the price, But in gambling it could be luck if you had luck then you will win but not everyday.

true, both were risky . For both needs to considered the time and the value of btc. Both in terms of playing in gambling like when it would be a lucky day or not, thus it is time to continue playing or not . Or it is the time to do trading , will it make you earn more or less. Deciding is crucial in both and your btc is always at risk in doing both.

Well, we all are agree on it, that both are same, the main reason is that majority of the people are certain in one point and that is skill based gambling and trading both are RISKY.
But i am thinking, I accept these are same, but it is depend on us how we make money from them? Because some persons could earn more and some persons could earn less from them. So it is depend on our skills how could we earn from them, instead of it both are same and risky.

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Quote from: rik3 on October 28, 2016, 03:43:42 AM

Quote from: ABCbits on October 27, 2016, 10:48:35 AM

I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.

So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.

According to Me Gambling Has More Risk as Compare to Trading Because Gambling Is a Shit Game Based On Luck and Here Your Knowledge and Experience Doesn't Work But In Trading You Need Knowledge and Experience to Earn some Big Money And Also There is a Big Difference Between Trading and Gambling That Gambling is Not a Business And Trading is a Business.......

Both trading and gambling have its own risk but the difference is there's a higher risk in gambling than trading. In gambling there's a low chance of winning and you can't get a high profit from there. Yet, you need a more luck in order to win in gambling. But in trading, it has a less risk and you need a patience. In trading you must watch closely the value of coins that you are trading because it may cause to your loss.

Slark

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Gambling is still gambling no matter how hard you will try to sell it as 'skill-based' activity, of course I heard about poker pros and skilled sportbettors.
From the other hand you can argue that trading is nothing more that game of hunches, selling the news and educated guessing.
I guess op was asking which of these to are better method to use for earning steady profits - so the correct answer is neither of these two.

Topic: Which one is more risky? Skill-based gambling or trading? - page 17. (Read 9570 times)