Ranter
Join devRant
Do all the things like
++ or -- rants, post your own rants, comment on others' rants and build your customized dev avatar
Sign Up
Pipeless API
From the creators of devRant, Pipeless lets you power real-time personalized recommendations and activity feeds using a simple API
Learn More
Comments
-
I do to a point, but if someone is going to gamble, the stock market is a much better place to do it than the casino.
There are people that understand the markets that can do this very effectively though and make a truck load of cash. It's not for me, but when your knowledge rises to a certain point, it's not nearly as much of a risk. -
Root797444yIn gambling, the odds are stacked against you, so the house has a higher chance of winning. The more games you play, the better their outcome. And worst of all for you: if you lose a bet, you lose the entire bet.
With investments, the odds are an even 50/50 if you simply guess (don’t listen to others; it often reduces your odds). Also, you can learn technical analysis and other ways of predicting the markets that can increase those odds. Furthermore, if you suspect something will go up, and it instead goes down, you don’t lose everything, only however much the trade went down. You are literally *buying* something and then selling it later. What you bought simply went down in value; it didn’t disappear.
There are also several methods of hedging that can reduce your risk.“Options” in particular allow you a lot of freedom. Instead of buying something directly, you’re buying the option to buy the thing at a given price, no matter what the price does later on. You can do this to take a position on the ‘bad’ side of an investment to recoup your potential losses at a cost of some % of your potential profits. If you’re confident an investment will increase later, you can also keep buying as the price drops to lower your average cost, and sell when it rises above your profit level.
But the best of all is “stop-losses,” a fancy term for an auto sell order. Not only can careful use of these prevent you from losing more than some % of your trade, it can also make it literally impossible for you to lose money. Example: If you are well in profit in a trade and set a stop loss some % below its current value, the stop loss will trigger if the price drops too much, selling you out at a profit. And you can keep raising your stop loss as the trade improves. So even if the stock/coin totally crashes, it doesn’t matter because you have a stop loss in place. It’s literally impossible for you to lose money in this situation.
You should learn. It’s fun :) -
Financial instruments are just tools, whether you're talking certificates, options or stocks.
They're useful if used responsibly. A well diversified stock portfolio can be an investment for generations to come.
Same way an irresponsible CFD trader can lose a fortune in a matter of hours.
Use a hydraulic cutter irresponsibly, and you're gambling away your limbs. Learn to do it properly and it's quite literally a lifesaver. -
@theKarlisK How on earth can you say that? The odds are always stacked against you in casinos. The only time anyone made a professional career over it was by cheating.
-
Tonnoman6224y@Nanos they might also just have been extremely anxious to be rejected and only applied once they really liked the chances which isn't really a smart idea as far as I know but hey
-
You should consider learning about stock market first. Then you would not consider, investing in it, a gamble. It’s not a game of betting blindly. Don’t stop investing. Learn and invest.
-
brooky03yInvesting is far from gambling. When you buy stocks you actually buy shares of publicly listed companies which provide services or produce goods and their valuations are back by profits.
You need to learn about investing and trading stocks and a beginner's guide -
Andy1431yRegarding the question of considering investing in stocks or related activities as gambling, it's a subject that often sparks debate among investors and financial experts. Some argue that investing in the stock market involves calculated risks and informed decisions based on thorough research and analysis. They see it as a strategic way to grow wealth over the long term. On the other hand, some individuals may view certain speculative or high-risk investments as akin to gambling, as they carry a greater potential for loss and are based more on chance than on fundamental analysis. In this context, I must mention that the website 22bet casino offers a platform for online gambling, where users can play various casino games, including slots and table games, as well as bet on sports events. When considering any investment or financial decision, it's essential to conduct thorough research, assess risks, and consider personal financial goals.
-
ChioRio2152dThis is an interesting opinion. But still, when you play gambling, you clearly understand the process and it seems to me that it is fair for yourself. I respect gambling and now my priority is the Pin Up site https://pinupcasino-india.in/ with cool crash games. I recently tried the Aviator game and now I play only it. I like the unusual gameplay and high RTP. And of course, this casino has a very generous bonus system that will please any player.
Related Rants
Personal Opinion - I consider investing in stocks or anything related to that as Gambling. I hate it. Guess someone had a bad experience lol
rant
stocks
random