Quote:
Originally Posted by Jason14h
I think just like any investment, it is gambling - to varying extents, if you arent an expert in the field/company/tech
Looks at the stocks thread on this board. People buying hyped message board stocks. This is no different then people 'randomly' buying hyped alt coins (Or startup companies stocks.) That is certainly closer to gambling.
However, there are a lot of people who understand potential upside and allocate their $$ to technology/coins that they believe have long term future use cases and growth.
I do laugh when I hear someone say "I hear XXX coin is going to XXX$" - Oh you heard.... From who.... Random facebook friend or message board.
But to act like this doesnt happen with regular stock is naive. And to act like any investment in Crypto is the equivalent to gambling is also false. Gambling is a zero sum gain. Crypto certainly isn't/does have to end up as is.
Lots of people believe is use cases and are investing their $$ in those areas. Lots of people actually are able to day trade the trends and make $$.
That isn't luck/gambling.
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This is all true. I have worked in IT basically since the internet started, they say invest in what you know. I know tech and digital assets.
people also laughed at me for buying a certain four letting domain for $100k 10 years ago.