Post
Topic
Board Trading Discussion
Re: Bitcoin trading and gambling
by
coinerer
on 18/08/2023, 16:51:04 UTC
Holding bitcoin is not the same thing as trading bitcoin. Gambling and trading are not the same thing too. Trading require you to learn trading skills but gambling require just some strategies. Trading can be risky like gambling, but they are not the same thing. If the price of bitcoin fall already, you can invest for months or years and you will most likely gain.
Trading is risky like gambling but not as risky as gambling.  When a trader makes a wrong entry in trading then his balance is not 0 and he has a chance to recover the loss by holding those coins.  But in case of gambling, if one makes a wrong decision, his balance immediately becomes 0 and if he wins the bet, he gets the profit according to the odds. So these two things are not the same there is a big difference between them. However, leverage trading can be said to be a form of gambling, but spot trading is never like gambling
For those who trade in panic and are more addicted to futures trading or margin trading, trading behaves like gambling, but trading does not behave like gambling for everyone. Trading is a type of digital business so it cannot be compared to gambling in any way. And some more difference between gambling and trading is that gambling is a bad addiction and it can make anyone addicted very easily but trading can't make anyone addicted very quickly. It is not easy to quit gambling but it is easy to quit trading
Futures trading and margin trading are not entirely the same thing. Margin trading in Binance can take maximum 5x leverage and trade is closed when balance is 20% but future trading can take leverage up to 125x and trade is not closed till 0 balance. And in case of losing in gambling also bet amount is gone and balance is 0 so future trading can be compared to gambling but margin trading cannot be completely compared to gambling. on the other hand spot trading is completely gambling free