Is Bitcoin Trading Gambling

Bitcoin gambling and trading difference More often than not, bitcoins are used as a reliable and efficient payment solution in the industry of virtual gamb. In Bitcoin gambling and trading As long as either gambling or trading (or both) is your true passion, you may only have your poker face on the outside, while emotions will be running high deep inside you. When it comes to trading bitcoin, some view it as gambling, others view it as investing. Generally, this depends on the person's approach. If someone buys and sells bitcoin based simply on a tip or gut feeling, this could be construed as 'gambling'.

bitcoin gambling and trading

Two sides of one coin?

bitcoin gambling and trading difference More often than not, bitcoins are used as a reliable and efficient payment solution in the industry of virtual gambling.

But many forget the ground-breaking cryptocurrency also serves as a trading asset. Bitcoin gambling and trading To what extent are the two activities similar, and what makes them different from each other?

bitcoin gambling and trading difference

Bitcoin gambling and trading Perhaps, the main similarity between BTC trading and gambling lies in them both having been created by mankind as a means to earn a profit in a home-run period.

Taking into account the fact no material benefits are created in the process. Whenever you craft an item by yourself. You can sell it to somebody else. And this is how you earn your income from it.

Bitcoin Gambling Site

On the contrary in bitcoin gambling and trading, when gambling or being a trader, you can still secure an income, while no extra material benefits are created by you.

In other words, what happens in the world of gambling or trading is the transfer of capitals whereas capital itself is not created.

This is also the reason why trading and gambling (including based on bitcoins), considering the unpredictability of outcomes related to them, are oftentimes seen in a rather negative light. The thing is, people want to see and touch the value of items traded, otherwise distrust may arise in bitcoin gambling and trading.

Indeed, both BTC trading and gambling share the principle of unpredictability, this being a valid cause for many to stay away from both, although, as we know, every business, i.e. creation of new material benefits, may require a great deal of luck for starters.

It usually takes entrepreneurs some considerable amount of years to turn their endeavors into an efficient process, and to learn dealing with the risks successfully.

Likewise, people involved in trading and gambling admit ‘Rome wasn’t built in a day’ for them, and they had to sharpen their skills for a relatively long time before their efforts were finally crowned with success.

key success factors definition

What we usually mean by ‘success’ is gaining sustainable income (VS. unexpected chance wins), hence the tendency to respect not simply successful, but skilled traders and gamblers who have great chances to replicate their achievements.

Does luck play a role in your trading

By the way, technical input as an important part of any gambling or trading activities, as it obviously takes professionals something more than simply luck to have perpetual success.

Mastering certain techniques, or developing one’s own, is crucial for any business of that kind, though the society doesn’t pay too much attention to the aspects of using them.

On the other hand, what makes Bitcoin gambling stand out and what makes it different from trading? To begin with, gambling as such is probably a more closed process, with a limited number of actors involved in a game.

Whereas trading usually can’t go without a set of external factors that influence the final outcome of every procedure in some way or another, including social and political events, market situation, wars, acts of insuperable force, human influence etc.

Forex and Cryptocurrency experienced traders

Usually, skilled traders are perfectly aware of the current situation, and know how to capitalize on it. In fact, traders, with their obvious enhanced connection to the outer world, can be seen as more technical than gamblers in the sense what methods they use to achieve their goals.

Their success is merely based on mathematical calculations (although this is also the case with high-skilled gambling pros).

Further, experienced traders will never put all their assets at risks, still saving a ‘way to retreat’, which is somewhat quite the opposite to what many gamblers do. Not all of them, of course.

There are more than enough casino game players implementing the stake management strategy and knowing how to benefit from it, and mathematicians taking advantage of their knowledge to perceive the abyss of numbers in casino games.

Bitcoin Trading

Does it make Bitcoin trading and gambling still alike in terms of people engaged in such activities tending to share a similar technical approach to what they do? Probably yes, with the main difference between these two activities being limited, as it appears, to specific details.

BTC traders

While BTC traders have to face a gigantic market influenced by a variety of factors, in case with gambling, players, more often than not, have to stand against house and/or other players. Still, there is at least one more common feature characteristic of both:

Is Bitcoin Trading Gambling Companies

Emotions in Trading.

Emotionalism in Bitcoin gambling and trading As long as either gambling or trading (or both) is your true passion, you may only have your poker face on the outside, while emotions will be running high deep inside you.

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