Post
Topic
Board Speculation
Re: Trading is gambling after all
by
jjacob
on 26/02/2018, 23:12:00 UTC
and I rather think that gambling can be more promising if we need profit quickly, and of course it can not be separated from. strategy and emotional control.

I beats me why some people still believe that gambling can be more "promising". In trading you can at least hope to evaluate fundamentals and expect the prices to rise or fall in the near future unless these fundamentals have already been priced in. But in casino gambling, such as dice, your only chance at winning is pure luck, except when you can change the odds in your favor somehow. The longer you play the less importance and effect luck will have because it will be largely overridden by house edge. It is not particularly different in trading either, given that the market has its own "house edge" over a typical trader, but at least milking the market as via arbitrage is not considered illegal here.

There are a lot of gamblers who 'play' the crypto market. For a guy who is investing in the 1000th ranked cryptocurrency, do you really think he is trying to evaluate fundamentals and take an informed view? He is just making a punt on the coin. Trading can be treated as a game, and crypto trading is a high-adrenaline game.