Between crypto trading and gambling which is which,,,

[Stardom22]

In the cryptocurrency trading anything can happen as in there is no accurate prediction on the prices for the cryptocurrency. A bigger chunk of crypto currency traders loose money on that. The same applies to the online sport betting. So between the two which is which?

 

[magnus2022]

Honestly, they will tell you that cryptocurrency trading is quite different from gambling but i don't think so after swimming both rivers. Both involves risks and loss of huge chunk of your capital. What makes it different is what am trying to understand.

 

[gwolf666]

Gambling is a game that depends on chance and you have a small chance of winning something, but since it depends on chance, you will lose more often than you will win. You can then buy cryptocurrencies when the price is low, then hold them and sell them a little when they have risen in price, but cryptocurrencies have absolutely nothing to do with chance.

 

[eLdavis]

While crypto trading and gambling are somewhat similar, they are tak different things. Gambling mainly depends on luck, crypto trading on the other hand often depends the use of strategy and so on.

 

[Nomad]

Trading is a legit way to make money, it requires skills and knowledge, however, gambling is entire luck

 

[mrki444]

Gambling is much easier to start. You can do it with much lower amounts like dolar or even less. For trading you must have at least 100 coins. It is depend on coin you trade.