>well am no fan of Gambling, due to my experiences in the past, I decided I would quit gambling.
But just few months after I quit Gambling a friend of mine introduces Trading. I mean I was captivated. I really wanted to make money.
I wasn't really schooled in trading but i just followed what the others did , but along the line I've just realized that it is seemingly not different from gambling considering the fact that I've lost a lot of money.
Please, am I wrong in looking at trading this way?.
Gambling and trading are indeed seen by some people as great opportunities to make big profits, and both also have very high risks, but we also do not equate gambling and crypto trading. Because of course there are many differences and crypto trading can be called gambling if it is not done properly without analysis, without research and so on.
The most striking difference, crypto offers a new form of financial ecosystem and does not depend on a centralized entity. So this will give us full autonomy with our assets, this is very different from gambling after betting only wins and loses. Crypto is not like that, if we feel a loss we don't need to sell it, holding it is a good choice, so there is a choice.
On the other hand, crypto investment will not be included in gambling if we do not study crypto properly, but we invest in crypto just by following it. Because crypto trading is actually the same as the traditional market in general, which depends on analysis and fundamentals.