Quote from: knowhow on June 12, 2015, 10:02:48 PM

Quote from: arallmuus on June 12, 2015, 09:40:15 PM

Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point.
The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and not just a "blind bet" without knowing where it will go

well about bitcoin worth no one can say where it can go tomorrow or end month
-snip-

From your statement, I could know that you are not a trader. Yes "no one could know" is a pretty general statement there and it doesnt stand in trading. If you are delusioning yourself with "no one could know" statement then it is better for you to stay away from trading

It is not about tomorrow anyway. People are called daytrader because they are doing it consecutively in one day, taking positiong now and sell it minutes later for a few cents profit , yes it is few cents profit / BTC but daytrader do rinse and repeat this cycle daily thus this gain them profit.

Quote from: freeyourmind on June 12, 2015, 10:04:56 PM

Quote from: arallmuus on June 12, 2015, 09:40:15 PM

Quote from: freeyourmind on June 12, 2015, 08:37:34 AM

I think arallmuus is saying that it's the volatility in the price that attracts traders.

Yes I did and thats the truth. None will be attracted to it if the value is stagnant and there isnt any movement

Quote from: freeyourmind on June 12, 2015, 08:37:34 AM

but I would think traders are just making a bet on the direction the price is going to go in the future.

Seriously no, you could say that most trader are gamblers as well but the fact it isnt. Trader do "make a bet" about the movement of the value but only if there is a "sign" of the movement which someone could see from several point.
The several crucial will be number of buy and sell order, volume for X hours and also activities from the other exchanger ( it isnt good just to relly on 1 exchangers chart ) also that basically a chartist would be able to pinpoint the rough direction of where the next movement will be which makes trader take action to "bet" on this movement and not just a "blind bet" without knowing where it will go

Yeah I wasn't suggesting that there is no due diligence or research behind the bet. I use the word "bet" because there is a certain amount of risk and uncertainty with the choice, while choosing the direction that will make a profit. Some people are great at betting, but it's still a bet.

Everything is risky and uncertain to begin with i.e you are saving your money or buy some stuff in fact that you dont even know that you will be alive tomorrow, so you are taking a bet as well ? No it isnt

P.S : above is just an example that everything is uncertain and trader are not "betting" it is so much different in many aspect between a gambler and a trader