Post
Topic
Board Trading Discussion
Re: Bitcoin trading and gambling
by
doomloop
on 23/08/2023, 10:45:03 UTC
They both might share some common elements, but they are contrasting activities. With trading you often need strategic decision-making, analysis and research, while gambling is all about stakes. Crypto trading offers vast opportunities and risk free events like KCGI trading contest unlike gambling where you only rely on luck and chance
Nothing is free from risk, everything that has the possibility of profit will be proportional to the risks that will be faced, trading and gambling have significant differences, as well as the risks and benefits that may be obtained, and also both still have a strategy and analysis so that not a benchmark.
So we can choose between the two with different risk awareness in between.
There is basically no strategy in gambling, when we talk about gambling games, there is absolutely no strategy nor any knowledge or experience required, but if we talk about sports betting, one might build a strategy about which games they will be betting on or they might be choosing matches to bet on based on the winning odds, etc. And, sports betting also requires the bettor to have some knowledge and experience about the sport they will be betting on.

On the other hand, Bitcoin trading, whether in futures or spot markets, has to be executed as per a proper plan based on research and analysis. When you are investing for the long run, you might not need to do much but when you are a day trader, you will need to have a lot of knowledge and experience.