Do you consider trading cryptocurrency as another form of gambling?

  • Thread starter Thread starter magnus2022
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magnus2022

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I have observed that there is no much difference gambling and trading on cryptocurrency. There is a lot of traders who claim to know the trade but on my observation, they are simply making false claim. Their understanding of cryptocurrency trading is based on luck and speculation!
Do you believe there are expert cryptocurrency traders who can trade without incurring losses?
 
Trading crypto is not gambling in any way. It is based on analysis of possible value points in the market. A crypto trader is more on control of the outcome than a gambler, say a sports bettor. Gambling takes the control of the result entirely from the hands of the bettor immediately they stake. Crypto allows you to even stop losses.
 
To me, crypto trading is high-stake investment, but it is not gambling. Contrary to gambling, you are able to carry out technical and fundamental analysis, control your risk, and make intelligent decisions.
 
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