Every time, when you put your money into something instead of your stomach by food is gambling and speculation. Even banks are unsafe with a certain probability.
I alwais say risk must be covered with expected profits.
when you put your money into bank for 1% per year with 2% inflation and very low risk (but still some) is a good investment ?
When you put your money into crypto with expected profit 600-1000% per year with higher risk is a good investment?
It all depends on you.
Topic: Buying cryptocurrency is speculation and gambling, not an investment? Your opini (Read 116 times)
May 16, 2018, 10:09:22 AM
May 16, 2018, 09:57:27 AM
Please do not quote Warren Buffet, he is a prick who is scared that his $70B will lose their value if crypto takes over.
HE IS BIASED!
HE IS BIASED!
May 16, 2018, 09:56:32 AM
Buying cryptocurrency is speculation and gambling, not an investment? Your opinion?
Buying a crypt is nothing more than a living.Buy it only to earn not for anything else May 16, 2018, 09:54:17 AM
Buying cryptocurrency is speculation and gambling, not an investment? Your opinion?
Buying a crypt is nothing more than a living.Buy it only to earn not for anything else
May 02, 2018, 10:30:49 AM
They spread FUD, crash the market when newbs panic sell and use that opportunity to buy. Investment is always a risk - there isn't ever a 100% foolproof investment in which you are guaranteed that you ll make a profit or break-even.
cryptocurrency market is very volatile for the fact that most of people who buys them are day traders and only plan to hold short term, along with people like buffet spreading fud - its easy to manipulate such a market.
Every investment needs speculation, research..even when you do that too - I think its still gambling, because no one can predict the future (not even those psychic astrologers
)
cryptocurrency market is very volatile for the fact that most of people who buys them are day traders and only plan to hold short term, along with people like buffet spreading fud - its easy to manipulate such a market.
Every investment needs speculation, research..even when you do that too - I think its still gambling, because no one can predict the future (not even those psychic astrologers
) May 02, 2018, 07:12:36 AM
This is what Buffet said:
People get paid in cryptocurrencies, people buy items with cryptocurrencies.
Ironically, stocks themselves aren't used for anything else apart from speculation: when you buy stocks of a company you're hoping another person pays more for it. You can't buy items with stocks, you can't pay for services rendered in stocks.
So I guess investing in stocks is gambling too
Quote
When you buy something like a farm, an apartment house, or an interest in a business…You can do that on a private basis…And it’s a perfectly satisfactory investment. You look at the investment itself to deliver the return to you. Now, if you buy something like bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more.
You aren’t investing when you do that. You’re speculating. There’s nothing wrong with it. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing
Which suggests he thinks bitcoin and other cryptocurrencies are Ponzi schemes which isn't true because they are actually used outside of speculation.You aren’t investing when you do that. You’re speculating. There’s nothing wrong with it. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing
People get paid in cryptocurrencies, people buy items with cryptocurrencies.
Ironically, stocks themselves aren't used for anything else apart from speculation: when you buy stocks of a company you're hoping another person pays more for it. You can't buy items with stocks, you can't pay for services rendered in stocks.
So I guess investing in stocks is gambling too
May 02, 2018, 03:06:17 AM
Buying cryptocurrency is speculation and gambling, not an investment? Your opinion?
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