Quote from: mamesso on Today at 08:00:57 AM

Quote from: Kelward on November 11, 2023, 08:24:23 PM

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?

Gambling and trading Bitcoin both have risks, when a gambler is used to the risk of losing at a gambling place, he will be better prepared for the risks he will face when trading Bitcoin. Although both lead to the risk of loss, the risks of Bitcoin trading are not as serious as those experienced in gambling.
As long as he is still able to control his emotions and be patient when the market is turning in a negative direction, there is still a chance to make a profit when the market returns to a positive path. The toughness and mental readiness he has mastered in facing the risk of loss in gambling can be applied to Bitcoin trading, making him ready to face anything depending on the situation that occurs in the market.

Your post sounds like my style of posting, I feel as if I'm reading my own post, I guess we both reason alike. Yes they both share risk as a common factor, meaning that one can function in the place of another quite conveniently, compered to someone that doesn't face high risk of losing money in their business or fun place.

People have argued that bitcoin trading is for business, while gambling is for fun, but if the risk goes favorably for both of them, they gain money, if not they lose. So the end that justifies the means for both of them is that they both engage in activities that they don't know how the outcome of their game or business will turn out until the end. And they must accept the outcome whether it's in their favor or not.

If a doctor or teacher were to enter bitcoin trading, it'll be more difficult for them to adapt to the risks involved than a gambler who faces the risk of losing money every time.