#Trading can resemble #gambling when approached recklessly, but they differ fundamentally:

Gam:Relies on chance with fixed odds and no control over the outcome (e.g., casino games).

Trading :Involves informed decisions based on analysis, trends, and strategies, allowing for risk management (e.g., stop-loss orders).

Trading becomes gambling when:

No strategy or research is used.
Excessive risk-taking or overleveraging occurs.
Emotions, not analysis, drive decisions.
In essence, trading is a calculated risk, while gambling is based on luck.

#Tradingwithmind #gambled #ETHCrosses4K

$113,000 Gas Fee for Nothing? 🤣

A crypto user #gambled BIG, spending a whopping $113,000 in gas fees to "snipe" a new token launch.

What happened? The token rocketed to $70,000...then crashed to #ZERO in 35 minutes!

Did they get unlucky or fall victim to a "rug pull"? This wild story exposes the risks (and potential rewards) of the #ERC-404 craze, raising questions about bull run mania and responsible investing in crypto.

#Binance
#crypto2024