Quote from: Cookdata on Today at 09:54:07 PM

Quote from: Odusko on August 12, 2024, 01:20:13 PM

The motive of this thread is for us to discuss what will be you stands if online casinos charges you fees on each game you play on them, same way excahges charges you on each trading position you open, and why should excahges charges fees and casinos not charging such fees, First of all the First objective of every business is to generate revenues, so at first I wasn't curious about this, but recently I began to wonder why the difference between excahges and casinos when both have similar features which are licensing and KYC.
If exchanges take trading fee's their call it value added taxes which some part get remitted to the government.
But online cryptocurrency casino's act in the same vain because both trading and Gambling are the same it all aim at either profits or lose, but while gambling plartforms let go of the fees, exchange charges us on each regardless wether we make profits or lose in the trading position.

Exchanges are not casino or any other betting exchanges. Casino purpose is to collect money from you and if possible for you to even borrow money until you don't have any means or borrow until you have no any other means and you can become addicted while doing it, you can lose everything doing it. But you see exchange, they don't owe u anything unless you use their service to trade which you will be charg a very small trading fees depending on your trade volume.

Casinos are just a placed where they want you to come and have fun and either you win or you lose but there is no fun and entertainment in trading. Your focus will be in the amount you will get in trading and don't have to lose the money that's why it's not fair to compare trading and gambling casinos.

While it is true that casinos and exchanges have different goals and modes of operation, casinos are more about entertainment, luck-based and luck-dependent. On the other hand, an exchange represents a trading platform that needs to base decisions on a more thoughtful analysis (a mature way of thinking). But it's also worth bearing in mind that while an exchange isn't designed to lure one into becoming an addict like a casino does, the risk of losing money exists in both places.

And while the difference between casinos and their exchange is obvious, there is one similarity: both can have a very significant impact on a person's financial situation. On the stock exchange, a wrong decision can lead to large losses — just like in a casino. It is important to treat these two activities with the same understanding (or care) and make sure that the decision is made on the basis of adequate information and mature strategy. Good risk management here is key - both when trading on the exchange and playing in the casino.