Sports betting has more similarities with futures trading because when you are betting on a sports event, you need knowledge and experience about the sport and the teams involved in that match so that you can choose the side that has the highest chances of winning and you can win more if you are knowledgeable.
Many say that futures trading is similar to gambling, but why didn't I think that it is also more similar to sports betting? Now that I think about it, it also makes sense. and this probably spot trading will not be included.
but still, those who are experienced in trading or gambling will definitely see some differences. especially for those who play luck-based games like slots. it's fun but it really drains our money very quickly.
Yes future trading definitely behaves like gambling. Because here a trader predicts a target and takes an entry with leverage. If his predictions don't work, he runs out of money in no time. Again in gambling a gambler stakes money by making a prediction but if his prediction does not work he loses all the money. But spot training is never a gamble and cannot be compared to gambling. It is a kind of investment. So if you are going to think about spot training then gambling and bitcoin training are completely different.
Gambling on the sense that you are really that increasing up your leverage just for you to make more income or profits whenever the price moves out on minimal but at the same time it would really be having those huge losses too and this is where these leverage traders or someone who do really get involved with futures are really that trying out to achieve or attain out such situation without even trying out to realize that dealing with
crypto market with having those high leverage type of trades could really be considered to be gambling i should say basing on the imposed risks of it. The only advantage you could really be having is that you do know
on how to read up charts and apply analysis to it and this is something that you cant really be able to do in gambling. It is really just that the impression that we do speak about futures trading or even with spots
that which if the time that you arent really that putting some analysis then this is the time it would really be considered out to be gambling but if you do apply something then its really that an another story.