⭐ Merited by JayJuanGee (1)
No matter how one twist it or no matter the method used in trading the end point is placing a prediction and hoping it comes out as predicted and that's same thing done in gambling.
Even though I agree with you that a lot of forms of trading (even if we are ONLY talking about bitcoin and not even involving the getting involved in shitcoins) may well fairly easily devolve into gambling, I still believe that trading and gambling are not the same thing and it is too strict (and/or sloppy) in thinking to NOT be able to differentiate potential levels of acceptable trading that would not devolve into being considered gambling. Surely there are quite a few folks who have come to bitcoin and who have learned that accumulating bitcoin over years and years and years tends to be a good way to build up a bitcoin portfolio, so they may well NOT engage in any trading at all while they are buiilding up the size of their BTC stash over a whole bitcoin cycle or even longer than a whole cycle, yet even if some of the earlier accumulators might include some reasonable level of trading within their bitcoin accumulation approach, even though some of us might disagree with their approach to bitcoin accumulation tactics, yet they could still establish some trading systems that seem to be fairly reasonable and not necessarily devolving into a gambling category. One of the problems that I have with guys who are new to accumulating bitcoin to sell bitcoin in order to try to accumulate more bitcoin is that the whole approach seems a bit illogical, since it seems to me that the best assured way to continue to build up your bitcoin stash is to stick with ONLY buying bitcoin for maybe a whole cycle or even a cycle and a half or more before even considering any kind of selling technique as a way to hope to accumulate more bitcoin..
They look the same doesn't mean they are
Even begin that's nearest in meaning to start are not quite the same
There's always a blur line, same applies to investing, trading and gambling.
What blur them are things like intent, strategy and level of knowledge.
Trading is the closest thing to gambling while a Good investment is the furthest.
I underestand SuperBitMan point, it does really do seem like gambling but two individuals might be engaging in same and one is trading and the other gambling.
If you guessing, you gambling.
If you make a decision just from one reputable source, you gambling.
But with skill, strategy and the right information it can be called trading.
If you jump into Bitcoin without knowing shit you gambling.
Personally I believe holding altcoins is gambling, because data and stats has shown that many Alt has and won't stand the test of time.
But if am individual makes a decision with just what I said without any proper research or information
They gambling.
Let's take an example of when Gary, SEC chairman shorted Bitcoin before dropping the news that they ain't approving the ETF would you call that gambling?
By the way this is Part two of my above post, and this was the first time that the forum did not allow me to post because the error message said that my post had exceeded a 64,000 character limit.. hahahahaha..
Accordingly, this is the first time that I have been forced to split my post into two parts based on such a character limit. I am not sure if the forum changed posting rules or if this had been the first time that any of my forum posts had exceeded such 64k character limit. To avoid my sequential posts, I was going to wait until some other member were to post before posting this part two post, but you guys are too damned slow.. so I just decided to post anyhow nearly four hours between posts.. .
Lol when I saw the post, The first thing that came to my mind was "is this a Robot? "Accordingly, this is the first time that I have been forced to split my post into two parts based on such a character limit. I am not sure if the forum changed posting rules or if this had been the first time that any of my forum posts had exceeded such 64k character limit. To avoid my sequential posts, I was going to wait until some other member were to post before posting this part two post, but you guys are too damned slow.. so I just decided to post anyhow nearly four hours between posts.. .
Your skill and commitment is something i admire but doubt I could ever emulate.
I'm too lazy to create a thread with lots of words not to mention a post.
I believe all your posts in BTT would be enough to make a bulky book on "Bitcoin for Dummies ", "HODL for beginners ", "HODL intermediate and advance", "HODL for the Rambo's " , "Trading a means to make the Rich Richer " etc and still have room for more.
Well that doesn't leave out trading or makes it seem useless cause there are several Bitcoin traders who are making profits from it and can still use their daily or weekly profits from trading to invest on a long-term, everyone mustn't be a trader infact it requires a high skill set and deep knowledge in analysing the market therefore everyone should stick to what works best for them without looking down on other methods of accumulating wealth through Bitcoin.
If trading was that useful, HODL wouldn't have been in existence.As long as you trade the likelihood of having a bag you holding is low.
You going to sell at your perceived top and watch it go way higher than you expected and FOMO starts creeping in and you buy near the real temporary and it takes a dip.
Read a bloggers post that says it's going to fall more by 20% and FUD creeps in and you sell waiting to buy back.
Then boom Bitcoin goes against the bear again before you woke up on a beautiful day because it loves flying higher and breaking resistance more than anything
And you realised it has passed your previous buy and you are not aboard the rocket.
Then to quickly cover up your loss you switch to altcoins or future
Then start making some profit and the next thing a news comes up that the owner of the project moved certain amount or got sued
Your money gets liquidated if on future and crashes if on spot.
And then come online and say cryptocurrency is scam.
Sorry I'm using the "You", Didn't want to use I
Cause ain't ever gonna be in that position again.
I really want to write a wall of text, but I'm just human
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