Post
Topic
Board Trading Discussion
Re: Bitcoin trading and gambling
by
omgitsmehehe
on 12/07/2023, 19:52:56 UTC
If you don't know what you're doing in trading that's the time you can say it's gambling. Trading can be a source of income if you know what you're doing. Trading with a plan and profitable strategy makes you increase the probability of winning. We all know that there's no strat with100% win rate but base on our backtest the strategy is working. So if you always follow your trading plan in trading, and not depending on the luck, you're not gambling.
They both depend on luck for us to be profitable in the space. Trading without appropriate information and strategy can be considered gambling, and it appears in both sectors. Traders with no trading experience are gambling with the market. Bitcoin has global recognition; even ordinary individuals understand what bitcoin is and the complicated information moving around it. Some argue that gambling is nothing more than calculated statistics and forecasts, while others argue that it is pure luck, which would only make gambling more exciting.