Which one is more risky? Skill-based gambling or trading? - page 7.

DPrillio

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Quote from: vv181 on November 08, 2017, 05:13:45 AM

Quote from: Kiweikoo on November 07, 2017, 08:26:52 AM

Quote from: 2hot2handle on October 30, 2017, 11:38:22 PM

I believe both of them are risky because you will bet your money with something that you are not sure about winning. The only difference is that in gambling if you lose you lose in trading if you are on lose and you do not sell your holdings then you still got the chance to wait for your money to come back to its value.

I still haven't found something known as skill based gambling. If we are needed to compare the address in both of these choices thus simply what I can say is that they are equally risky.

Trading doesn't require practice and the things to improve with time but gambling is all about luck and we could not change the scenario just with the passage of time by polishing our skills. In my opinion only sports betting is something that really offers definite winning if you have been into this since quite a long time.

Well I agree they both have equal amount of risk, but what I don't understand is your statement about trading, in my opinion trading require a lot of practice and training without that everything is useless, even though you follow other people trading plan in the end you gonna end up losing money because you didn't have experience with it.

I consider playing cards is the skill based gambling, but talking about risk i think i agree that they are both risky for the beginners because if you don't have skills and tactics in trading there is a big possibility that you won't take profit or even you will lost your money in the blockchain and the same with gambling beginners will easily lost in a skill based gambling. So therefore i can say that it depends upon the skills of every individual.

bitllionaire

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Quote from: vv181 on November 08, 2017, 05:13:45 AM

Quote from: Kiweikoo on November 07, 2017, 08:26:52 AM

Quote from: 2hot2handle on October 30, 2017, 11:38:22 PM

I believe both of them are risky because you will bet your money with something that you are not sure about winning. The only difference is that in gambling if you lose you lose in trading if you are on lose and you do not sell your holdings then you still got the chance to wait for your money to come back to its value.

I still haven't found something known as skill based gambling. If we are needed to compare the address in both of these choices thus simply what I can say is that they are equally risky.

Trading doesn't require practice and the things to improve with time but gambling is all about luck and we could not change the scenario just with the passage of time by polishing our skills. In my opinion only sports betting is something that really offers definite winning if you have been into this since quite a long time.

Well I agree they both have equal amount of risk, but what I don't understand is your statement about trading, in my opinion trading require a lot of practice and training without that everything is useless, even though you follow other people trading plan in the end you gonna end up losing money because you didn't have experience with it.

But I do not think that both have equal risk. I think that gambling is more risky than trading. In fact in gambling we totally depending on our luck, while in trading it is necessary that we must have some trading experience, we must also have good trading skill, which are too much necessary for expecting profit from bitcoin investment and trading. Therefore we can say that both do not have the same amount of risk.

vv181

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Quote from: Kiweikoo on November 07, 2017, 08:26:52 AM

Quote from: 2hot2handle on October 30, 2017, 11:38:22 PM

I believe both of them are risky because you will bet your money with something that you are not sure about winning. The only difference is that in gambling if you lose you lose in trading if you are on lose and you do not sell your holdings then you still got the chance to wait for your money to come back to its value.

I still haven't found something known as skill based gambling. If we are needed to compare the address in both of these choices thus simply what I can say is that they are equally risky.

Trading doesn't require practice and the things to improve with time but gambling is all about luck and we could not change the scenario just with the passage of time by polishing our skills. In my opinion only sports betting is something that really offers definite winning if you have been into this since quite a long time.

Well I agree they both have equal amount of risk, but what I don't understand is your statement about trading, in my opinion trading require a lot of practice and training without that everything is useless, even though you follow other people trading plan in the end you gonna end up losing money because you didn't have experience with it.

jonatuzc

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Quote from: nidacoinlove on November 04, 2017, 09:54:31 AM

Quote from: StarofBTC on November 04, 2017, 06:35:45 AM

Quote from: Kiweikoo on November 02, 2017, 07:13:46 AM

Quote from: moooonu on October 31, 2017, 12:29:38 PM

There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

Definitely these are only fusses created for this scene. How can you say that you have skills of losing your money in gambling? Can any wise person say this? I don’t think so. There must be skills required for everything but gambling is the only one unique, unfortunately, to have luck as dominant character in this game. While trading, as you said, is skillful act and you can’t rely on luck only.

When it comes to gambling no one can ever state that he can make a possible use of all his skills to a large amount of capital without putting much effort gambling is the only thing that is totally dependent upon the luck of a person and it is nothing to do with the skill set. Trading on the other hand could be molded to give better results in the end if someone has experience in this field.

So in my opinion if we have to choose between these two then obviously trading is much better as compared to just trying your luck again and again.

Yes I believe that trading is far better than gambling. In trading skills, knowledge and experience counts where in gambling skills, experience and knowledge has nothing to do with it. You will lose all if your luck is not working. In trading you have many chances like partial loses or something like a no profit no loss type of situations. In gambling you have the only chance is do or die. You don't get another chance in gambling in trading you have the learning opportunities which could make you a polished trader. I prefer trading.

If anyone has to choose between the two then trading is a far better option in terms of earning money. Gambling is all about luck and one can never assure win no matter how much time he has spent while being into this line. In trading work experience and personal skills do add a lot to the final results. Along with all these facts if a person never finds himself comfortable with trading then obviously he would go for gambling and I think there is no harm in doing so because life is not all about wins and losses it's about being there where you are feel yourself happy and contented.

Kiweikoo

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Quote from: 2hot2handle on October 30, 2017, 11:38:22 PM

I believe both of them are risky because you will bet your money with something that you are not sure about winning. The only difference is that in gambling if you lose you lose in trading if you are on lose and you do not sell your holdings then you still got the chance to wait for your money to come back to its value.

I still haven't found something known as skill based gambling. If we are needed to compare the address in both of these choices thus simply what I can say is that they are equally risky.

Trading doesn't require practice and the things to improve with time but gambling is all about luck and we could not change the scenario just with the passage of time by polishing our skills. In my opinion only sports betting is something that really offers definite winning if you have been into this since quite a long time.

nidacoinlove

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Quote from: StarofBTC on November 04, 2017, 06:35:45 AM

Quote from: Kiweikoo on November 02, 2017, 07:13:46 AM

Quote from: moooonu on October 31, 2017, 12:29:38 PM

There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

Definitely these are only fusses created for this scene. How can you say that you have skills of losing your money in gambling? Can any wise person say this? I don’t think so. There must be skills required for everything but gambling is the only one unique, unfortunately, to have luck as dominant character in this game. While trading, as you said, is skillful act and you can’t rely on luck only.

When it comes to gambling no one can ever state that he can make a possible use of all his skills to a large amount of capital without putting much effort gambling is the only thing that is totally dependent upon the luck of a person and it is nothing to do with the skill set. Trading on the other hand could be molded to give better results in the end if someone has experience in this field.

So in my opinion if we have to choose between these two then obviously trading is much better as compared to just trying your luck again and again.

Yes I believe that trading is far better than gambling. In trading skills, knowledge and experience counts where in gambling skills, experience and knowledge has nothing to do with it. You will lose all if your luck is not working. In trading you have many chances like partial loses or something like a no profit no loss type of situations. In gambling you have the only chance is do or die. You don't get another chance in gambling in trading you have the learning opportunities which could make you a polished trader. I prefer trading.

dicer777

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both of them have risk. but it have less risk in trqding. specially if you are a skilled trader

StarofBTC

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Quote from: Kiweikoo on November 02, 2017, 07:13:46 AM

Quote from: moooonu on October 31, 2017, 12:29:38 PM

There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

Definitely these are only fusses created for this scene. How can you say that you have skills of losing your money in gambling? Can any wise person say this? I don’t think so. There must be skills required for everything but gambling is the only one unique, unfortunately, to have luck as dominant character in this game. While trading, as you said, is skillful act and you can’t rely on luck only.

When it comes to gambling no one can ever state that he can make a possible use of all his skills to a large amount of capital without putting much effort gambling is the only thing that is totally dependent upon the luck of a person and it is nothing to do with the skill set. Trading on the other hand could be molded to give better results in the end if someone has experience in this field.

So in my opinion if we have to choose between these two then obviously trading is much better as compared to just trying your luck again and again.

ThunderCatSteve

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Quote from: gabmen on October 31, 2017, 06:40:00 AM

Quote from: changcloy on October 31, 2017, 05:37:04 AM

the two are risky but in gambling you cannot predict if you can win and base on my experience i always lose in gambling but in trading it might be risky but before you enter or doing trading first we can have survey if we can get more profit to it, we won't enter in trading that easy with out checking first right?and in trading there is a big chances to win than gambling.

There both are risks but the risks aren't really the same for the two. Gambling is more on ind risks while trading is more on the calculated side where your preparation and research can greatly affect the outcome.

Both activities involve risk but I don’t have any idea about skill based gambling. If he is talking about poker or sports bet then these are similar to trading because both are all about educated guessing. Most of the games that are offered in casinos are pure luck and in that case we cannot use skills.

Other than that, poker needs a lot of experience and so do sports betting for earning wins but trader can start hitting victory very early.

serjent05

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Quote from: LuanX3 on November 02, 2017, 11:05:41 AM

Quote from: Kiweikoo on November 02, 2017, 07:13:46 AM

Quote from: moooonu on October 31, 2017, 12:29:38 PM

There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

Definitely these are only fusses created for this scene. How can you say that you have skills of losing your money in gambling? Can any wise person say this? I don’t think so. There must be skills required for everything but gambling is the only one unique, unfortunately, to have luck as dominant character in this game. While trading, as you said, is skillful act and you can’t rely on luck only.

It depends on the game, when you play poker or sports betting, then skills are a major factor to consider to improve win rate. Yeah, it is not everything needed but a huge factor. In poker, you should know when to fold or when to go all in. There are fundamentals in playing it, and someone just randomly guessing what cards will come out will not play well in the professional leagues.

Though I still think that gambling is still risky no matter what kind it is. Skill based gambling still depends on the randomness of the deciding factor like the deck cards on poker and blackjack. Trading have somehow signals and news that can predetermine the next trend of the price of the items we are trading.

LuanX3

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Quote from: Kiweikoo on November 02, 2017, 07:13:46 AM

Quote from: moooonu on October 31, 2017, 12:29:38 PM

There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

Definitely these are only fusses created for this scene. How can you say that you have skills of losing your money in gambling? Can any wise person say this? I don’t think so. There must be skills required for everything but gambling is the only one unique, unfortunately, to have luck as dominant character in this game. While trading, as you said, is skillful act and you can’t rely on luck only.

It depends on the game, when you play poker or sports betting, then skills are a major factor to consider to improve win rate. Yeah, it is not everything needed but a huge factor. In poker, you should know when to fold or when to go all in. There are fundamentals in playing it, and someone just randomly guessing what cards will come out will not play well in the professional leagues.

Kiweikoo

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Quote from: moooonu on October 31, 2017, 12:29:38 PM

There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

Definitely these are only fusses created for this scene. How can you say that you have skills of losing your money in gambling? Can any wise person say this? I don’t think so. There must be skills required for everything but gambling is the only one unique, unfortunately, to have luck as dominant character in this game. While trading, as you said, is skillful act and you can’t rely on luck only.

marlboroza

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Quote from: LoudA__ on October 31, 2017, 11:59:53 AM

Gambling is more on luck while trading is on skill and knowledge, they may be the same risky but there has their difference. If I will be choosing one, it will be obviously trading since I do not earn anything but regret and disappointment in gambling.

Do research because there is, texas holdem poker is skilled game and it depends 88% of your skills and only 12% of luck.
Nowadays it sounds much better than buying and trading with shitcoins.

Quote from: Gotottack on October 31, 2017, 12:20:30 PM

I am leaning towards skill-based gambling because at the end of the day, it is STILL gambling.

Do research about mind sports.

Quote from: Gotottack on October 31, 2017, 12:20:30 PM

Meaning, the concept remains the same. It is riskier than trading because you can lose a substantial amount with the blink of an eye without an inch of a clue.

Do research about bankroll management - where, when, how.

Quote from: Gotottack on October 31, 2017, 12:20:30 PM

It is also more painful to lose in gambling because you see your hard earned money turn water or belong to another without lifting a finger.

Are you saying that losing money in trading isn't painful?

Quote from: Gotottack on October 31, 2017, 12:20:30 PM

Unlike that of trading that you are kind of in control of your money to some extent.

How? What if you buy shitcoin and it dies over night?

Manchumichael

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Quote from: moooonu on October 31, 2017, 12:29:38 PM

There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

I think Trading and skill based gambling both are almost same. Trading also we will lose our money when the market is crashed like that in skill games we will lose our bets because of unexpected results.

Oilacris

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Quote from: LoudA__ on October 31, 2017, 11:59:53 AM

Quote from: gabmen on October 31, 2017, 06:40:00 AM

Quote from: changcloy on October 31, 2017, 05:37:04 AM

the two are risky but in gambling you cannot predict if you can win and base on my experience i always lose in gambling but in trading it might be risky but before you enter or doing trading first we can have survey if we can get more profit to it, we won't enter in trading that easy with out checking first right?and in trading there is a big chances to win than gambling.

There both are risks but the risks aren't really the same for the two. Gambling is more on ind risks while trading is more on the calculated side where your preparation and research can greatly affect the outcome.

Gambling is more on luck while trading is on skill and knowledge, they may be the same risky but there has their difference. If I will be choosing one, it will be obviously trading since I do not earn anything but regret and disappointment in gambling.

Come to think off that there are gambling games that do really need skills and knowledge like poker games and sports betting you would eventually need skills on this one but not to deny luck would really play a major role on such wins.When it comes to risk both have risk and trading turns out to be gambling if you dont have any idea at all.

moooonu

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There is nothing like skilled based gambling. Its only probability which sparing you over time and rolls. Trading need skills and knowledge which can get you rich with time. But not guaranteed in case of gambling.

Gotottack

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I am leaning towards skill-based gambling because at the end of the day, it is STILL gambling. Meaning, the concept remains the same. It is riskier than trading because you can lose a substantial amount with the blink of an eye without an inch of a clue. It is also more painful to lose in gambling because you see your hard earned money turn water or belong to another without lifting a finger. Gambling also involves big people who you do not dream of messing up with. Otherwise, you and your loved ones will suffer. You know mafia, right? Unlike that of trading that you are kind of in control of your money to some extent.

But just a caveat, though. Trade, at least, with basic knowledge.

LoudA__

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Quote from: gabmen on October 31, 2017, 06:40:00 AM

Quote from: changcloy on October 31, 2017, 05:37:04 AM

the two are risky but in gambling you cannot predict if you can win and base on my experience i always lose in gambling but in trading it might be risky but before you enter or doing trading first we can have survey if we can get more profit to it, we won't enter in trading that easy with out checking first right?and in trading there is a big chances to win than gambling.

There both are risks but the risks aren't really the same for the two. Gambling is more on ind risks while trading is more on the calculated side where your preparation and research can greatly affect the outcome.

Gambling is more on luck while trading is on skill and knowledge, they may be the same risky but there has their difference. If I will be choosing one, it will be obviously trading since I do not earn anything but regret and disappointment in gambling.

Hexah

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I think they have both same risk to be true because both of them can't guarantee you that you can win or earn on higher profit. Gambling I think is the most risky one since if you lose for so many times the chance that you can get it back is not that big but in trading the downfall of a certain trade can be brought back since you can speculate how it goes and sell it if it increase or just hold it in time until it can recover again from the downfall.

yrreg ger

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Quote from: changcloy on October 31, 2017, 05:37:04 AM

the two are risky but in gambling you cannot predict if you can win and base on my experience i always lose in gambling but in trading it might be risky but before you enter or doing trading first we can have survey if we can get more profit to it, we won't enter in trading that easy with out checking first right?and in trading there is a big chances to win than gambling.

Same with you, compare to the two, I go for trading. Since both of this involve a money but if the trading was not giving enough time to observe and monitor the market price we lost or miss the opportunity of better price. For me gambling is not profitable it is not good source of income, more losing will come than winning unlike in trading that has an assurance of profit. This both need a time but compare to the result of the two the trading is much better and good result.

Topic: Which one is more risky? Skill-based gambling or trading? - page 7. (Read 9532 times)