Do you think crypto trading and investment are similar to gambling? Just like gambling, crypto trading and investment are also very risky, you have no control over making money.
MikaExpert
Asked: August 26, 20232023-08-26T04:19:17+00:00
2023-08-26T04:19:17+00:00In: Cryptocurrency
Is investing in crypto similar to gambling?
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I think crypto and gambling usually looks alike in some point, in my own way of perspective, this branch of crypto call forex trading is similar to gambling because of the high volatility and uncertainty of the market, both forex trading and gambling involved risk and can also reward potentially. InRead more
I think crypto and gambling usually looks alike in some point, in my own way of perspective, this branch of crypto call forex trading is similar to gambling because of the high volatility and uncertainty of the market, both forex trading and gambling involved risk and can also reward potentially.
In other view, crypto currency is not similar to gambling because investing in crypto currency can also be based on research, analysis, and understanding of the technology and market trends, which differentiate it from pure gambling.
See lessWhat would make one to consider crypto investment as gambling or not is the perceived expectations. For me, I see crypto investment as a store of value for me to protect my financial resources from depletion through inflation. And I am not expecting that the crypto would double up in two months andRead more
What would make one to consider crypto investment as gambling or not is the perceived expectations. For me, I see crypto investment as a store of value for me to protect my financial resources from depletion through inflation. And I am not expecting that the crypto would double up in two months and make me a millionaire.
When you have that quick gain mentality as you invest in crypto, it becomes a gambling for you. Because you would want to maximize greatest profit from the investment within a short period of time which is not in your hands and becomes a 50:50 thing.
See lessCrypto trading and investment can have similarities to gambling, but they are not exactly the same. Both involve risk and the potential for financial gains or losses. However, there are notable differences. Unlike gambling, crypto trading and investment allow for analysis, research, and strategic deRead more
Crypto trading and investment can have similarities to gambling, but they are not exactly the same. Both involve risk and the potential for financial gains or losses. However, there are notable differences. Unlike gambling, crypto trading and investment allow for analysis, research, and strategic decision-making based on market trends, technology, and other factors. While there are risks involved, informed investors can mitigate risks through careful analysis and portfolio diversification. It is important to approach crypto trading and investment with knowledge, understanding, and a long-term perspective rather than relying solely on luck or chance.
Yes, it's sort of like gambling, because as you mentioned you don't have any control over how you make money, it is all muddled up and most people involve in it, don't even ask themselves such hard questions. I think it's important to know the game you're playing and the risk it entails you should aRead more
Yes, it’s sort of like gambling, because as you mentioned you don’t have any control over how you make money, it is all muddled up and most people involve in it, don’t even ask themselves such hard questions.
I think it’s important to know the game you’re playing and the risk it entails you should also pay attention to the level of control you have so that you wouldn’t waste your time, it’s always advised to trade with what you can afford to lose.
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