Which one is more risky? Skill-based gambling or trading? - page 3.

boyptc

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Quote from: chris200x9 on December 07, 2017, 07:48:22 AM

Quote from: boyptc on December 07, 2017, 05:09:16 AM

Quote from: benmartin613 on December 07, 2017, 03:55:50 AM

Both of them has the same level of risk because you wont know the out come of both gambling and trading when you start it.
There will always be a 50% chance that you will gain/lose money when you gamble or trade no matter how skilled you are.

I don't think so that they have the same level of risk. Gambling has higher risk in my opinion and still there are traders that are just doing it like it's already their career and do it on their easiest way. But gambling does have different levels, skill-based gambling and luck-based one any of them can be compared with trading but still for me trading has the lower edge.

If you know how to trade then there are higher chances that you can make money from trading than any kind of gambling whether it may be skill based or pure luck based gambling. But you shouldn't go for day trading because it is very hard to predict the prices on a daily basis so if you invest and ready to wait for your investment to go higher then you can most likely earn more profits from trading.

Chances of making money with trading is higher and gambling is still gambling no matter what the type of it you are doing. Skill based or luck based it is still gambling, I'm not also in favor of day trading it is just causing me a lot of headache when seeing the charts on blood since I need to chase profits within the day. It will not let me go to my bed if all alts are in red.

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Quote from: ethereumhunter on December 08, 2017, 12:31:27 AM

Quote from: Noilee on December 07, 2017, 08:41:49 PM

I think trading is more risky, because no one knows and predict of the prize. We can say trading is an unpredictable and we don't know if we gain profit or it lose our money. While skill based gambling not so risky because if we already know the strategy then we have more to chance to earn profit. Because if we have skill in gambling it is very possible that it wont lose our money. But i think its based on your strategy what you will use.

although trading is risky at least, we have the opportunity to make the profit. I see many people trade with many coins and they can make the profit but it is only a few people that could make a profit from gambling. it is better to have skill in trading than skill in gambling because we can have a good chance to make money. besides that, if we are considering gambling as a way to make money, then, in the end, we are going to lose our money.

I agree and the reason is the mitigation of risk. A good trader can mitigate risk and take advantage of the fluctuation to earn profit and it always happen, while a good gambler cannot fully take advantage of his luck and always rely on it whenever he bet or draw cards in skill based gambling. They can fake yes, but at the end of the day it is the last draw of card that determines who the winner is.

ethereumhunter

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Quote from: Noilee on December 07, 2017, 08:41:49 PM

I think trading is more risky, because no one knows and predict of the prize. We can say trading is an unpredictable and we don't know if we gain profit or it lose our money. While skill based gambling not so risky because if we already know the strategy then we have more to chance to earn profit. Because if we have skill in gambling it is very possible that it wont lose our money. But i think its based on your strategy what you will use.

although trading is risky at least, we have the opportunity to make the profit. I see many people trade with many coins and they can make the profit but it is only a few people that could make a profit from gambling. it is better to have skill in trading than skill in gambling because we can have a good chance to make money. besides that, if we are considering gambling as a way to make money, then, in the end, we are going to lose our money.

pratik009

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I think skill-based gambling and trading both are risky.But skill-based gambling is more risky than the trading.But if you have proper skill about the gambling then i think gambling is not more risky.And in trading you also need skills and experience.so if you have proper skills and experience about the trading then trading is profitable for you.i have good skills and experience about the trading so trading is profitable for me than the skill-based gambling.so i think it's depends on you that which one is risky for you.

Ziskinberg

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Quote from: Noilee on December 07, 2017, 08:41:49 PM

I think trading is more risky, because no one knows and predict of the prize. We can say trading is an unpredictable and we don't know if we gain profit or it lose our money. While skill based gambling not so risky because if we already know the strategy then we have more to chance to earn profit. Because if we have skill in gambling it is very possible that it wont lose our money. But i think its based on your strategy what you will use.

That is your understanding, I think we only give our opinion based on our interest really, if you are good in skilled based gambling then obviously you will choose to gamble as that would give you the profit you are looking. The fact that we do this things for profit, we should choose what we believe we can use our skills, in my case I would go for trading as a source of income.

Noilee

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I think trading is more risky, because no one knows and predict of the prize. We can say trading is an unpredictable and we don't know if we gain profit or it lose our money. While skill based gambling not so risky because if we already know the strategy then we have more to chance to earn profit. Because if we have skill in gambling it is very possible that it wont lose our money. But i think its based on your strategy what you will use.

Blue2012

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If you know this two method well and you can profit that is good to do both but no doubt that gambling is much higher risk than trading.

In trading there is always a choice if you put higher risk or not, high risk are trade in those coin which small possibility to increase its value and their value was much cheaper that the low risk coins.

In gambling if you play a game you will end up lose or win nothing else.

Manchumichael

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Quote from: chris200x9 on December 07, 2017, 07:48:22 AM

Quote from: boyptc on December 07, 2017, 05:09:16 AM

Quote from: benmartin613 on December 07, 2017, 03:55:50 AM

Both of them has the same level of risk because you wont know the out come of both gambling and trading when you start it.
There will always be a 50% chance that you will gain/lose money when you gamble or trade no matter how skilled you are.

I don't think so that they have the same level of risk. Gambling has a higher risk in my opinion, and still, there are traders that are just doing it like it's already their career and do it on their easiest way. But gambling does have different levels, skill-based gambling and luck-based one any of them can be compared with trading but still for me trading has the lower edge.

If you know how to trade then there are higher chances that you can make money from trading than any kind of gambling whether it may be skill based or pure luck based gambling. But you shouldn't go for day trading because it is very hard to predict the prices on a daily basis so if you invest and ready to wait for your investment to go higher then you can most likely earn more profits from trading.

Yes you know about trading then you can make money, but you like to do day trading it is nothing but gambling. it is not easy to predict the market every day. For me, it is not possible, but I don't know about you. And skill based gambling is also good it will give fun and money but less risky to compare slot games.

chris200x9

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Quote from: boyptc on December 07, 2017, 05:09:16 AM

Quote from: benmartin613 on December 07, 2017, 03:55:50 AM

Both of them has the same level of risk because you wont know the out come of both gambling and trading when you start it.
There will always be a 50% chance that you will gain/lose money when you gamble or trade no matter how skilled you are.

I don't think so that they have the same level of risk. Gambling has higher risk in my opinion and still there are traders that are just doing it like it's already their career and do it on their easiest way. But gambling does have different levels, skill-based gambling and luck-based one any of them can be compared with trading but still for me trading has the lower edge.

If you know how to trade then there are higher chances that you can make money from trading than any kind of gambling whether it may be skill based or pure luck based gambling. But you shouldn't go for day trading because it is very hard to predict the prices on a daily basis so if you invest and ready to wait for your investment to go higher then you can most likely earn more profits from trading.

boyptc

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Quote from: benmartin613 on December 07, 2017, 03:55:50 AM

Both of them has the same level of risk because you wont know the out come of both gambling and trading when you start it.
There will always be a 50% chance that you will gain/lose money when you gamble or trade no matter how skilled you are.

I don't think so that they have the same level of risk. Gambling has higher risk in my opinion and still there are traders that are just doing it like it's already their career and do it on their easiest way. But gambling does have different levels, skill-based gambling and luck-based one any of them can be compared with trading but still for me trading has the lower edge.

benmartin613

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Both of them has the same level of risk because you wont know the out come of both gambling and trading when you start it.
There will always be a 50% chance that you will gain/lose money when you gamble or trade no matter how skilled you are.

Osarman

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Quote from: ThunderCatSteve on December 04, 2017, 02:29:00 AM

Quote from: youdacapt on November 30, 2017, 12:51:32 PM

Gambling is more risky because speculation is based on a very short time and in just one round. Trading can find momentum any time during the open market, so gambling is very risky and suitable for people who are happy with adrenaline speculation faster, I think there is no problem as long as we enjoy it with full awareness and responsibility.

There is huge difference between gambling and trading. Gambling is the one which is obviously riskier than trading in all aspects. Gambling is going to either make you rich in a second or make you go bankrupt in a second as well.

Trading is a proper job and there are so many tricks and strategies which you can use for making good profit. In short, trading is less risky than gambling on the whole.

Gambling is a little bit riskier thing than trading but not in all aspects because these two things are more similar to each other than there difference is.

However, gambling can be preferred on trading in some aspects like it give faster exchange of money and winner gets access to his money when he wins the game which is totally a different thing from trading that you have to wait and doubt is also present that whether you will gain or lose.

EdenHazard

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Quote from: youdacapt on November 30, 2017, 12:51:32 PM

Gambling is more risky because speculation is based on a very short time and in just one round. Trading can find momentum any time during the open market, so gambling is very risky and suitable for people who are happy with adrenaline speculation faster, I think there is no problem as long as we enjoy it with full awareness and responsibility.

yes those people who love to make their heart keep beating all the time then go for gambling no matter it is skill based or not in the long run it will always has a higher risk. trading has less risk because of the money staked won't get busted entirely.

make a choice as it is depends on how you can deal with it in different situations.

daringdiscovered

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Quote from: youdacapt on November 30, 2017, 12:51:32 PM

Gambling is more risky because speculation is based on a very short time and in just one round. Trading can find momentum any time during the open market, so gambling is very risky and suitable for people who are happy with adrenaline speculation faster, I think there is no problem as long as we enjoy it with full awareness and responsibility.

Skilled-based gambling for me is nonsense, because no matter how good you are in gambling, you can't still win against the house, it will still be going losing most of the time. unlike skilled-based Trading, it is more worth to do and spend your time with because you know that you could earn some profits in the long run, BUY LOW and SELL HIGH.

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Quote from: carlisle1 on November 30, 2017, 11:43:57 PM

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.

they are two different thing but in some way they are two same aspect in which to
gamble,as we all know gambling relies on luck even if how SKILLED you were still you cant
win without luck on you hands.thats the same manner about trading that we really cant
predict what will happen to your coin.if this will pump or bump.

So for me both will depend on your choice on what will please you,trading that have small risk and smaller income,or gambling with big risk but bigger earning

In my opinion, both of them contain a few risk since the outcome can be predicted. But skill-based gambling still had a more significant risk over trading because if we are trading any second the market move, we can instantly react to it so if we the market turn downside we can minimise the risk.

okissabam

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Anything that involves money is risky so I think both of them are risky. They are two different strategies to earn money and even if you are the most skilled person in gambling you still can't tell if you hit the jackpot or not; it is still speculation just like trading too.

ThunderCatSteve

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Quote from: youdacapt on November 30, 2017, 12:51:32 PM

Gambling is more risky because speculation is based on a very short time and in just one round. Trading can find momentum any time during the open market, so gambling is very risky and suitable for people who are happy with adrenaline speculation faster, I think there is no problem as long as we enjoy it with full awareness and responsibility.

There is huge difference between gambling and trading. Gambling is the one which is obviously riskier than trading in all aspects. Gambling is going to either make you rich in a second or make you go bankrupt in a second as well.

Trading is a proper job and there are so many tricks and strategies which you can use for making good profit. In short, trading is less risky than gambling on the whole.

carlisle1

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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.

they are two different thing but in some way they are two same aspect in which to
gamble,as we all know gambling relies on luck even if how SKILLED you were still you cant
win without luck on you hands.thats the same manner about trading that we really cant
predict what will happen to your coin.if this will pump or bump.

So for me both will depend on your choice on what will please you,trading that have small risk and smaller income,or gambling with big risk but bigger earning

youdacapt

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Gambling is more risky because speculation is based on a very short time and in just one round. Trading can find momentum any time during the open market, so gambling is very risky and suitable for people who are happy with adrenaline speculation faster, I think there is no problem as long as we enjoy it with full awareness and responsibility.

serjent05

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Quote from: flower1024 on November 30, 2017, 12:12:44 PM

Quote from: BitcoinPC on November 22, 2017, 01:36:54 AM

Quote from: Phalo on November 20, 2017, 10:33:30 PM

I think trading is more risky.. As you said skill based gambling.. This is based on skill. Not anyone can just do it. So with skill, come a whole lot of lessons that will reduce your risks. I once heard a stat that said 90%/of traders lose their money.. That is why there's not enough money for anyone to pay me that would make me go into trading

You are one person which i see who said that trading is more risky than skill based gambling. It is your experience, that's why you are saying it, but in my experience, i know skill based gambling, depend on our skills, so same thing is happen in trading. We do trading behalf of our skills then i don't see any different between skill based gambling and trading, for me both are same.

Both need the luck to make money, but both are not exactly same. In gambling whatever game you can play it maybe skill game or slot game finally your result will be based on your luck. But in trading is not like that you are looking for instant profit then you need luck or else if you wait then 100% you will make profit or else at least you can get back your investment,

Both will be affected by luck yes, but gambling rely mostly on luck or chance while trading rely on information. The only difference between this two is that trading risk can be managed to nullify by doing research and keep yourself updated. Acquiring skill in trading will highly give your profit while in skill based gambling, the last thing is always decided by luck.

Topic: Which one is more risky? Skill-based gambling or trading? - page 3. (Read 9562 times)