Can you say forex is gambling? - page 8

Ahmet Metin Yilmaz
9827
Icham Aidibe #:

Mining. Bitcoin mining is gambling. A real casino. Trading is not.

With the right leverage, the right balance and the right strategy, forex is an investment tool.

Icham Aidibe
3064
Icham Aidibe  

Once you'll see what's happening on the bitcoin mining world, you'll be sure that even, with wrong leverage, wrong balance, wrong strategy, forex is just a 2 possibilities dilemna.

Ahmet Metin Yilmaz
9827
Icham Aidibe #:

Once you'll see what's happening on the bitcoin mining world, you'll be sure that even, with wrong leverage, wrong balance, wrong strategy, forex is just a 2 possibilities dilemna.

Sorry, I didn't mean to support bitcoin mining world 'in your term'  when quoting.

Icham Aidibe
3064
Icham Aidibe  
Ahmet Metin Yilmaz #:

Sorry, I didn't mean to support bitcoin mining world 'in your term'  when quoting.

Don't be sorry

Jox90
1741
Jox90  
Open a shop in your city investing your money in it with the risk of losing them if the shop fails, is gambling? No. It's an investment, where you can earn if it goes well. Trading is this, so it's not gambling for itself. But apparently it has the form of a game like gambling game, but it's not. Gambling is when there are no certainties of winning or when there are very few possibilities of winning. In these terms, playing 21 counting cards is not gambling, and trading with a dishonest market maker is gambling, like opening a shop without any experience.
momo3HC
28
momo3HC  
Icham Aidibe #:

Mining. Bitcoin mining is gambling. A real casino. A russian roulette. Trading is not.

Why?

Icham Aidibe
3064
Icham Aidibe  
momo3HC #:

Why?

Well by definition, if i understood the concept, mining (crypto) is about finding an unknown value called "nonce" for which the final result of the hash algorithm is lower than a predefined target value.

In the case of btc, this value may be anywhere between 0 & billions. When the equation is finally resolved, a block is found and there's a reward of 6.25BTC for the finder.

Those crypto-farms with plenty of gpu/cpu/asic increase/force their luck : they are massive lottery ticket buyers - they aim to try all combinations from 0 to billions one by one, one after one, until finding the right one !

So yes, it's a giant public lottery.

Seb King
22
Seb King  
Trading is short term investing thus there is risk involved. For me a gamble is without skill. It's flipping a coin and 100% down to variance.
Kaijun Wang
44316
Kaijun Wang  
Whether or not to gamble is a very subjective judgment.
Because trading is different from gambling, but it overlaps most with gambling.
1. If you can try to control your emotions and risk, then you will start to be different from the gambler
2. If you can try to be good at calculations and try to build your own trading system, then congratulations on having your own way.
The road is long, walkable and cherish
Anton Perdana Putr -
142
yes i agree forx is not gambling