So if a gambler where to go into bitcoin trading, do you think that the experience of taking risk in gambling will be an added advantage to face the risk of bitcoin trading?
I take risk every day when I am driving. I take risk everyday when I decide to invest in a business or in a property but will this make me a good stock trader or with the risk I take while driving makes me a good pilot based on experience in risk-taking? The answer is no though on the surface the experiences may seem similar but if you dig deep within you would see that they are more different than similar. A Gambler cannot be a bitcoin trader. Trading requires more specialised skills and emotional intelligence than gambling despite the risks taking activities involved in them. Any Tom Dick and Harry can be a a bitcoin gambler within a couple of weeks and may be luck yollto win some good money but none of them can be a trader within a couple of weeks.
I agree that A gambler can become a good bitcoin trader. I agree that bitcoin trading requires skill, expertise, and emotional intelligence. Being a gambler also requires the above factors. Taking risks is an advantage for gamblers. Their psychology will be stronger than those who cannot take risks.
Bitcoin trading has similarities with gambling, which is risky. Its high volatility is also high risk. It is even more intense than gambling, so risk tolerance is essential for a trader. Of course, I would not agree with a gambling addict to become a Bitcoin trader. They will treat bitcoin as their gambling.