Post
Topic
Board Gambling discussion
Re: Do you consider trading as gambling?
by
virtualkeybuyer
on 30/08/2016, 22:20:30 UTC
Maybe? I think there are many difference between gambling & trading for example, Trading needs to be patience while the gambling
you need more luck. Otherwise if you don't have patience highly recommended not to trade!
Timing is what makes you succeed in trading, you do not need to wait for a long time before you sell your coins if you can take any opportunity to buy low and sell high at any given time, trading need focus on the market of coins you are planning to trade to have a good insights that would be use in decision making.
Therefore you need to have a long patience in trading, as not all the time the price is always in your favor. I agree timing is everything but you cannot do the right timing if you do not have the right patience, they work together to do trading successfully.

But in trading we earn even in the times when it will not be in our favor like if the price of an asset is coming down then we can still earn from there keeping our focus on the fluctuations in the price (buying at lower and selling at high) but in gambling once the time comes against us then there remain nothing and we lose everything.