Post
Topic
Board Gambling discussion
Re: Trading has become too much akin to gambling. Let's embrace it
by
Hispo
on 08/12/2024, 21:44:23 UTC
Trading crypto has always been gambling!
Everyone saying otherwise just doesn't want to admit they are gamblers, trading crypto has nothing to do with trading forex options which relies on decisions by government and central banks about their currency, and has nothing to do with stocks that are influenced by the economy and the performance of the company in revenues and profits, trading crypto is just based on prayers something happens or for the scalpers on nothing happening.
Every single TA has been thrown in the trash next day, every pattern has been broken, every single time people tried to find one tweet from a celebrity or a politician and chaos was all around.

So why not gamble at a casino, after all betting on Musk saying something about Doge is the same as buying doge futures.

No KYC, no regulatory restrictions as imposed on traditional markers, unlimited leverage... You name it.

No KYC? You wish!




I kind of disagree with you, it is true most of shitcoins and memecoins are just a vehicle for people in the cryptocurrency market to gamble their money away, though when comes to Bitcoin, Ethereum and other blue chip alternative currencies, there are factors which definitely affect their value in the market, which can be predictible and used by traders to make a profit off those factors... being the most obvious one of them (in the case of Bitcoin) the programmed having and the amount of hash rate there is in the network, obviously, after halvings there is a tendency for Bitcoin to start to raise in value. Trading can be turned into gambling if one is not careful and abuse of tools like leverage in the future markets, but it does not have to be that way necessarily. There are people who will just stick to the spot market and not use leverage.