Post
Topic
Board Gambling discussion
Re: Can a gambler be a good bitcoin trader?
by
lalabotax
on 16/11/2023, 21:03:12 UTC
Although there are some differences between the two, like most gambling depends mainly on luck. You play and let luck decide fate of the game, that is the risk factor, because the gambler doesn't have any control or influence to determine the outcome of the bet. Also a bitcoin trader doesn't have any control or influence to determine how the market swings, he takes the risk to trade his bitcoin without knowing the outcome whether it'll be profit or lose. The diffidence between the two is that a bitcoin trader can predict the market, while a gambler can not predict the outcome of a bet, except in sports bet.

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?
A gambler can be a good Bitcoin trader, as long as he doesn't just bet based on luck. If he only relies on luck like he does in gambling, then that's not possible. Because, trading may be similar to gambling where we don't know what the final result will be like. future. However, trading can be learned and it does have knowledge, strategies, and also several factors that can influence our results.

Trading can be like gambling if we don't have enough knowledge and just rely on luck to win. So, we really have to learn the knowledge so that we can apply strategies based on the analysis we do. Not only that, trading also requires good financial management and emotional control so that whatever happens to the market, we can be wiser in making decisions. So, as much as possible we can avoid or minimize risks with certain tactics.