Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Gambling discussion
Re: Which one is more risky? Skill-based gambling or trading?
by
daringdiscovered
on 09/11/2017, 11:27:55 UTC
Quote from: gabmen on November 09, 2017, 02:32:13 AM
Quote from: poplolnman on November 08, 2017, 11:44:17 PM
Quote from: Kiweikoo on November 07, 2017, 12:26:52 PM
Quote from: 2hot2handle on October 31, 2017, 03:38:22 AM
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.
lol it's not , here the simplest example you wager 1 bitcoin in trading in the worst scenario the price dropped 40% , means you only lost 0.4 bitcoin. and now when you wager 1 bitcoin on a game like blackjack the worst scenario you lost and it's the whole 1 bitcoin! that's clear enough for you to understand that trading and gambling has not an equal risk? i hope you get educated with this  Wink .

Blackjack is by far not a skill based gambling game though. Of course if you base it from luck based gambling games like blackjack, the difference would be large. Skill based gambling though like poker and sports bet aren't like that because the preparations and experience you have will highly affect the outcome, so its quite similar to trading.

I disagree, gambling and trading have a very big difference, let me explain it. Gambling is an addicting game, especially if you are winning, you are enjoying and starting to think that you are lucky, but you are not, it is just a bait for you to be addicted on it, gambling is always about losing if you are not lucky on it while Trading is a very safe way to earn money, just randomly buy some tokens and you could guarantee yourself that you could have profits in the long run.