Post
Topic
Board Trading Discussion
Re: Bitcoin trading and gambling
by
irhact
on 21/09/2023, 00:56:23 UTC
Bitcoin trading and gambling are different and can never be the same. Because if you gamble on something, if you win you will get 150 or 200 for 100 bets, if you lose you will lose the whole money. Those who trade in Bitcoin wait until the price drops to buy and try to sell when the price goes up, with little chance of losing their entire money. Those who understand trading well can earn good profits. Many families do not like gambling. I have seen many people have become destitute due to gambling losses. Bitcoin trading can lead to risky gains or losses.

You can also lose all your money trading Bitcoin when you don't have experience but decided to start trading. Most individuals that trade without stop loss active also lose most of their money. Both trading and gambling are very risky and looks similar but they're not because trading depends on your skills and experience while gambling depends on luck. You can't have a winning strategy that you'll use and win everytime you gamble but you can do that when trading.

As a trader, the more you trade in the market, it gives you experience that will be used in your future trade and makes you more professional. Trading can be depended on for income but gambling can't be depended on because you don't know if you'll win when you go out to gamble.