Quote from: Bitinity on March 08, 2018, 07:31:18 AM

Quote from: shesheboy on March 08, 2018, 05:02:46 AM

Quote from: Kasabus on March 08, 2018, 04:18:43 AM

Quote from: Adlin on March 07, 2018, 04:51:38 PM

I wouldn't consider it gambling because although it involves a lot of speculation, risk etc, it involves knowledge which is something you do not have control of when gambling (specifically dice)

There are different forms of gambling but in my understanding it's divided into two category, these are skilled based and luck based gambling.
The one you are talking is an example of a luck based gambling, of course it's hard to win through luck as the house has the edge and you will never
gonna have a chance to be a long term winner.

In trading, you can develop your skills and for me it's like a skilled based gambling.

but still trading requires mostly luck because you cannot predict what will happen next even if you have a lot of knowledge and skills, it still usesless because the future still holds your destiny. skills is only 30% and the rest 70% is purely luck. however gambling is more risky when compared to trading because as you said earlier the house edge for most gambling is verry high while in there is no house edge in trading because thier is no real owner on the crypto market.

You are right there is luck involved in trading but knowledge and skills will determine the result on trading because we wont lose our money because wrong prediction/speculation as long as we do not sell it at lower price. There is one big difference in trading and gambling aside the house edge that we always call it "HOLDING" or "HODLING". We cant do it on gambling, can you?

If we compare both of this thing the worst is gambling, gambling brings you an influence that possibly happens you may turn addiction in gambling if you don't have mindset control or you must know your limit and be responsible on it. Trading also is just like sort of gambling they are most likely. So, risk taker now is a good strategy to earn more profit.