Post
Topic
Board Gambling discussion
Re: Can a gambler be a good bitcoin trader?
by
2Pizza410000BTC
on 23/11/2023, 16:26:51 UTC
I base my question about whether a gambler can become a good bitcoin trader, because both of them share one factor which is risk. A gambler is a risk taker, he stakes his money without knowing the outcome of the game that he is about to play. There is no guarantee that he will win, yet he goes ahead to play, knowing fully well that he can lose his bet. Same thing with a bitcoin trader, he goes ahead to engage in trading knowing fully well that the market can turn around  negatively for him, making him to lose his bitcoin. Yet he goes ahead to trade in the hope of making profit.

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 definitely be a good bitcoin trader. But a bitcoin trader may not be a good gambler. Just as we leave gambling to luck, a Bitcoin trader leaves futures trading entirely to luck. Futures trading is worse than gambling. Gambling is predictable, but in futures trading, a single wrong idea can cause you to lose your funds in no time. So I can say future trading platform and gambling platform are incomparable to each other.