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Why downvoting? It's undeniable that some people are lured in bad investments practices because they share many characteristics with gambling. I'm not complaini
by Lucasoato 6y ago
Why downvoting? It's undeniable that some people are lured in bad investments practices because they share many characteristics with gambling. I'm not complaining about morality or ethic, it's just clear that these platforms are making a lot of money from trading addicted people.
- chordalkeyboard 6y agoI didn’t downvote but I’ll share that I have a reflexive dislike of this conflation because gambling is inherently ludic whereas option trading is intended to be an activity that creates value on the market. Gambling is consumption whereas options are capital allocation.
- salawat 6y agoCapital allocation can be ludic; where do you get the idea that just because you're allocating capital, there's no thrill or enjoyment to be found? You're taking a crank on the slot machine of the economy; throw in the inherent rush of leverage, and the dopamine hit of a profitable/successful trade, and I'd say speculation is inherently ludic.
- chordalkeyboard 6y agoIts not inherently ludic because the point isn’t having fun. The point of gambling is the contest. The point of trading options is making money or hedging risk. The fact that someone can have fun doing work doesn’t make work inherently fun. Having fun is inherently fun. Speculation is work, gambling is fun, according to the nature of the activity, regardless of the existence of professional gamblers and recreational option traders.