Why trading is better than gambling? - page 50.

Thaliron

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Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

We cannot compare them with each other that is right because it stays something that is just so different, the fact is that gambling you are just trying out your luck.

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Quote from: wxa7115 on January 09, 2017, 12:05:38 PM

Quote from: MWesterweele on January 09, 2017, 11:00:43 AM

Quote from: BitFinnese on January 08, 2017, 04:35:00 PM

I think trading is better than gambling because of the factors that effects their result. Trading movement can be predicted by knowing the news and updates of the market. Gambling does not rely on this. Gambling is just a win or lose setup within its internal system. Trading gives you the probability of recovering your loses from your bought stocks by playing with the price of the market while gambling cannot give us that option.

Trading is unpredictable job where you can lose neither nor gain profit from decreasing or increasing the price of bitcoin you can't easily say that once you go trading you will never lose it just a beginning of your life that you will encounter where your going to do trading for is really hard when you don't know what will you are going to buy gambling is easy but you need to be careful.

We cannot predict how the market is going to move every single minute but by observing the market and certain indicators you can begin to see patterns about how the market moves and that is when you can begin to predict with high accuracy the movement of the market and making money out of it.

there are so many people who are predicted about bitcoin and most of their prediction proves as true, so i think prediction depend on experience skill also if some one is skillful and having good experience then he can really give a good prediction.

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Quote from: MWesterweele on January 09, 2017, 11:00:43 AM

Quote from: BitFinnese on January 08, 2017, 04:35:00 PM

I think trading is better than gambling because of the factors that effects their result. Trading movement can be predicted by knowing the news and updates of the market. Gambling does not rely on this. Gambling is just a win or lose setup within its internal system. Trading gives you the probability of recovering your loses from your bought stocks by playing with the price of the market while gambling cannot give us that option.

Trading is unpredictable job where you can lose neither nor gain profit from decreasing or increasing the price of bitcoin you can't easily say that once you go trading you will never lose it just a beginning of your life that you will encounter where your going to do trading for is really hard when you don't know what will you are going to buy gambling is easy but you need to be careful.

We cannot predict how the market is going to move every single minute but by observing the market and certain indicators you can begin to see patterns about how the market moves and that is when you can begin to predict with high accuracy the movement of the market and making money out of it.

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Quote from: Tanic on January 08, 2017, 04:40:31 PM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

I count gambling as the high risk investion. Itsn't it true? You are putting money in the game with an expectation to win. If you win you can double your money as minimum.
And I have never know that trading could be controlled as you say.

First of all, gambling is not investment, it is gambling, please stop with this high yobit's philosophy.
Second you don't gamble because you expect to win, it is because you hope that you will win. There is difference.

Quote from: Tanic on January 08, 2017, 04:40:31 PM

If you win you can double your money as minimum.

What does this even mean? If i win i can't win 50%? or 10%? Only double or more?

@cincin i can only say i couldn't agree more.

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Quote from: MWesterweele on January 09, 2017, 11:00:43 AM

Quote from: BitFinnese on January 08, 2017, 04:35:00 PM

I think trading is better than gambling because of the factors that effects their result. Trading movement can be predicted by knowing the news and updates of the market. Gambling does not rely on this. Gambling is just a win or lose setup within its internal system. Trading gives you the probability of recovering your loses from your bought stocks by playing with the price of the market while gambling cannot give us that option.

Trading is unpredictable job where you can lose neither nor gain profit from decreasing or increasing the price of bitcoin you can't easily say that once you go trading you will never lose it just a beginning of your life that you will encounter where your going to do trading for is really hard when you don't know what will you are going to buy gambling is easy but you need to be careful.

Trading is predictable (that's how lot of folks make profit) and the price of bitcoin/altcoins can be manipulated by huge whales to make profits. various factors can affect the price of a altcoin/bitcoin depending on the news if it's bad sell, if it's a good news buy and sell at higher price later on. take a look at recent bitcoin price drop, it dropped due to bad news from chinese banking officials.

cinchin

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Quote from: Tanic on January 08, 2017, 04:40:31 PM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

I count gambling as the high risk investion. Itsn't it true? You are putting money in the game with an expectation to win. If you win you can double your money as minimum.
And I have never know that trading could be controlled as you say.

- High-risk in gambling is when you addicted, The game will control you, you will lose all money
- I say trading could control because you can determine the losses before playing

MWesterweele

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Quote from: BitFinnese on January 08, 2017, 04:35:00 PM

I think trading is better than gambling because of the factors that effects their result. Trading movement can be predicted by knowing the news and updates of the market. Gambling does not rely on this. Gambling is just a win or lose setup within its internal system. Trading gives you the probability of recovering your loses from your bought stocks by playing with the price of the market while gambling cannot give us that option.

Trading is unpredictable job where you can lose neither nor gain profit from decreasing or increasing the price of bitcoin you can't easily say that once you go trading you will never lose it just a beginning of your life that you will encounter where your going to do trading for is really hard when you don't know what will you are going to buy gambling is easy but you need to be careful.

cinchin

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Quote from: mrbigmugs on January 08, 2017, 04:13:11 PM

Quote from: justdimin on January 08, 2017, 11:29:12 AM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference

No, there are a lot of similarities across gambling and trading. For example, until making a position, you may use your knowledge and skill for trading after that it is just a gambling. Because you are depending on others for your profits, 100% similar to gambling.

Quote from: cinchin on January 08, 2017, 04:07:24 AM

when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

In gambling also, if you know when to stop then you will control your losses. Moreover in trading if you forget to put stop-loss then your losses will be a unlimited.

to me i think trading is more better that gambling because trading is less risky than trading, in trading you have the opportunities to use your skill and experience while in gambling you can only depend on your luck.

- right, however in trading there are many situations not go as you want.
- At that time you can not use the skills that you have, you have to depend on luck.
- Finally, I want to say "lucky", it is the similarities between gambling and trading.

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Quote from: BitFinnese on January 08, 2017, 04:35:00 PM

I think trading is better than gambling because of the factors that effects their result. Trading movement can be predicted by knowing the news and updates of the market. Gambling does not rely on this. Gambling is just a win or lose setup within its internal system. Trading gives you the probability of recovering your loses from your bought stocks by playing with the price of the market while gambling cannot give us that option.

They are betting because it can give you good income if you are good, it should not be compared in the first place because gambling as we all know is just a form of entertainment. We play gambling to be entertainment while we trade to try our journey to be profitable in the long run. We should stick to the definition of each as we can do both and expect positive benefits for both.

Tanic

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Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

I count gambling as the high risk investion. Itsn't it true? You are putting money in the game with an expectation to win. If you win you can double your money as minimum.
And I have never know that trading could be controlled as you say.

BitFinnese

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I think trading is better than gambling because of the factors that effects their result. Trading movement can be predicted by knowing the news and updates of the market. Gambling does not rely on this. Gambling is just a win or lose setup within its internal system. Trading gives you the probability of recovering your loses from your bought stocks by playing with the price of the market while gambling cannot give us that option.

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Quote from: justdimin on January 08, 2017, 11:29:12 AM

No, there are a lot of similarities across gambling and trading. For example, until making a position, you may use your knowledge and skill for trading after that it is just a gambling. Because you are depending on others for your profits, 100% similar to gambling.

Nope in gambling you are not dependent on others, if you analyze and research gambling settings, it purely relies on internal system settings unlike trading that relies to different outside factor.

Quote from: justdimin on January 08, 2017, 11:29:12 AM

In gambling also, if you know when to stop then you will control your losses. Moreover in trading if you forget to put stop-loss then your losses will be a unlimited.

Ok tell me I have 1 BTC bet 1 BTC, and I lost, how can i stop losses in this scenario? Let's this 1 BTC in trading, I bought a stocks worht 1 BTC, then suddenly the markets drop, how can i stop losses in this scenario?

You see on gambling, you cannot stop losses once you bet and lost in that round. While in trading you can sell your holding in lower price to lessen your loss. And actually you can still profit from this kind of scenario in trading by using hedging. Did you see the difference now?

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Quote from: justdimin on January 08, 2017, 11:29:12 AM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference

No, there are a lot of similarities across gambling and trading. For example, until making a position, you may use your knowledge and skill for trading after that it is just a gambling. Because you are depending on others for your profits, 100% similar to gambling.

Quote from: cinchin on January 08, 2017, 04:07:24 AM

when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

In gambling also, if you know when to stop then you will control your losses. Moreover in trading if you forget to put stop-loss then your losses will be a unlimited.

to me i think trading is more better that gambling because trading is less risky than trading, in trading you have the opportunities to use your skill and experience while in gambling you can only depend on your luck.

cinchin

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Quote from: justdimin on January 08, 2017, 11:29:12 AM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference

No, there are a lot of similarities across gambling and trading. For example, until making a position, you may use your knowledge and skill for trading after that it is just a gambling. Because you are depending on others for your profits, 100% similar to gambling.

Quote from: cinchin on January 08, 2017, 04:07:24 AM

when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

In gambling also, if you know when to stop then you will control your losses. Moreover in trading if you forget to put stop-loss then your losses will be a unlimited.

- I'm talking about form, not similarities
- I know it has similarities. In gambling you can not stop, it is difficult to control yourself, but in trading you can calm down, think and to make a decision so you can control losses
- "if you forget to put stop-loss then your losses will be a unlimited", No no a trader, you need to determine the level losses before trading, you can not forget because it is the most important thing in trading

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Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference

No, there are a lot of similarities across gambling and trading. For example, until making a position, you may use your knowledge and skill for trading after that it is just a gambling. Because you are depending on others for your profits, 100% similar to gambling.

Quote from: cinchin on January 08, 2017, 04:07:24 AM

when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

In gambling also, if you know when to stop then you will control your losses. Moreover in trading if you forget to put stop-loss then your losses will be a unlimited.

daringdiscovered

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Quote from: cinchin on January 08, 2017, 04:22:09 AM

Quote from: ayesha98220 on January 08, 2017, 04:16:20 AM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

Yes but trading is far better because with time it gives you knowledge and experience but gambling you would just end up digging a bigger and bigger loss only. I will strictly advice all to quit gambling all together.

- you can not talk gambling not good, because gambling help you relax, entertain
- gambling experience is to help you realize the money is not easy to earn

I agree on your two opinions. Gambling can be a way to entertain yourself when you are bored or you are stressed from work. It can also taught you a lesson about money. That it should be spend wisely and not wasted on something you can't risk. If you do gambling accept that you can lose your money after you gamble.

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Quote from: cinchin on January 08, 2017, 04:22:09 AM

Quote from: ayesha98220 on January 08, 2017, 04:16:20 AM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

Yes but trading is far better because with time it gives you knowledge and experience but gambling you would just end up digging a bigger and bigger loss only. I will strictly advice all to quit gambling all together.

- you can not talk gambling not good, because gambling help you relax, entertain
- gambling experience is to help you realize the money is not easy to earn

Quote

- you can not talk gambling not good, because gambling help you relax, entertain

Not all the time, since you can be so outrageous in gambling. People gets so pumped-up when they're losing in gambling. It all depends on how you react on a big loss and/or a ridiculous number of loss streak.

Quote

- gambling experience is to help you realize the money is not easy to earn

I hardly think so. What would make you realize that money is not easy to earn is working jobs that pays very little for a very hard work. When you win in gambling, you'd think that money is so easy to earn. You just have to win and then you make money. When you lose, you'd regret gambling your money and you'd think that you should've spent those money on better things instead.

cinchin

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Quote from: ayesha98220 on January 08, 2017, 04:16:20 AM

Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

Yes but trading is far better because with time it gives you knowledge and experience but gambling you would just end up digging a bigger and bigger loss only. I will strictly advice all to quit gambling all together.

- you can not talk gambling not good, because gambling help you relax, entertain
- gambling experience is to help you realize the money is not easy to earn

ayesha98220

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Quote from: cinchin on January 08, 2017, 04:07:24 AM

- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

Yes but trading is far better because with time it gives you knowledge and experience but gambling you would just end up digging a bigger and bigger loss only. I will strictly advice all to quit gambling all together.

cinchin

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Activity: 308

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- We should not compare the two types together, because trading is invest, gambling is depend on luck, very difference
- However, when trading, we can control profit and losses, Not like gambling, we don't know when we lose everything

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