Litecoin... one of my recent failures. Due to my impatience. Had bought it at $46 "because it's more stable". Then I got a bit annoyed when it was "too stable" :) Moving between the range of just $47-42.
"What a deadbeat!", I thought. Well, it was...when compared to my other winners. So I decided to take a small loss, sell at $42 and use the proceeds for something else. And then it went to $70+ Aargh!!
The price of gambling
I see this as "speculating" when one does basic research and due diligence first. Buying only after he's reasonably confident the item has substance. "Gambling" is pure luck though. Going in blindly and hoping he had picked the right one.
But luck is always a factor, research or not. There are things which we simply don't know about. Especially the various variables that form a mixture, and leading to events that are either negative or positive.
You are right. I apologize. Just trading. Not gambling. Very different.