Let's talk about Cryptocurrencies

[dino7c]

Originally Posted by PsYcNeT

It ain't gains until you sell.

Held crypto is just "potential".

like any other investment ever

[Fuzz]

Let's face it, most of what is being discussed above is gambling, not investing.

[dino7c]

Originally Posted by Fuzz

Let's face it, most of what is being discussed above is gambling, not investing.

investing is gambling unless you are good with tiny returns

I have lost my entire investment on many publicly traded companies

BTC
ETH
ADA

not so much

[Fuzz]

It's ok to acknowledge it is gambling, and good for people who gambled and won. But it really isn't much more than that.

[Jason14h]

Originally Posted by Fuzz

It's ok to acknowledge it is gambling, and good for people who gambled and won. But it really isn't much more than that.

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.

[Fuzz]

I didn't say regular investing also isn't necessarily gambling. But please, tell me how Doge is an investment and not a gamble. Knowing more about your gambling play is just various levels of knowing the game.

[dino7c]

Originally Posted by Fuzz

Let's face it, most of what is being discussed above is gambling, not investing.

uh, remember when you said this? If I didn't know any better it sounds like you are saying Crypto is gambling and investing is not

The three cryptos I own had obvious signs they were about to take off when I bought them and bought more. Gambling is pretty random, I am either super lucky or I just might have a read on the Crypto market.

Ask yourself is the price of X the highest it will every be?

BTC-NO
ETH-NO
ADA-NO

4 years and 2 years ago I told everyone to buy BTC. One year ago and 6 months ago I told everyone here to buy ADA and ETH. Massive fluke? Your call, for me the internet/Crypto is like nothing we have ever seen before in investing. Market sentiment has never been so easy to follow.

[Fuzz]

It's not much different than sport betting.

[dino7c]

Originally Posted by Fuzz

It's not much different than sport betting.

Except for the odds that are set to make the majority lose

[dino7c]

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.

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.

[Enoch Root]

Originally Posted by dino7c

investing is gambling unless you are good with tiny returns

I have lost my entire investment on many publicly traded companies

BTC
ETH
ADA

not so much

That is flat out wrong.

And the irony is that that gambling (trying to hit short term returns on random stocks) tends to generate smaller returns than intelligent investing does, for the vast majority of investors.

As a general rule (and yes, of course there are exceptions) people with modest amounts of money gamble, and people with large portfolios invest.

You did say one thing that is good advice though... (if you are going to do it yourself) stick to what you know.

[afc wimbledon]

the basic difference between stocks and any currency, and crypto in particular, is that stocks are a portion of something that has revenue generating potential, the basic theory of a stock is you get back a portion of the profit, it is the predictablility of profit or loss that defines a stocks swings.

Currency's generate nothing, they are just a unit of exchange, they arent supposed to go up or down, they are supposed to be stable

[dino7c]

Originally Posted by Enoch Root

That is flat out wrong.

And the irony is that that gambling (trying to hit short term returns on random stocks) tends to generate smaller returns than intelligent investing does, for the vast majority of investors.

As a general rule (and yes, of course there are exceptions) people with modest amounts of money gamble, and people with large portfolios invest.

You did say one thing that is good advice though... (if you are going to do it yourself) stick to what you know.

You don't happen to be a financial planner do you?

[topfiverecords]

When my 100 Doge goes to zero, it was gambling. When it goes to $10 it was a very strategic and well timed investment.

[karl262]

Originally Posted by afc wimbledon

the basic difference between stocks and any currency, and crypto in particular, is that stocks are a portion of something that has revenue generating potential, the basic theory of a stock is you get back a portion of the profit, it is the predictablility of profit or loss that defines a stocks swings.

Currency's generate nothing, they are just a unit of exchange, they arent supposed to go up or down, they are supposed to be stable

Blockchain transaction fees = revenue.

I should know better than to engage with the willfully ignorant but this kind of misinformation is so annoying.

[afc wimbledon]

Originally Posted by karl262

Blockchain transaction fees = revenue.

I should know better than to engage with the willfully ignorant but this kind of misinformation is so annoying.

no that isnt revenue, unless you are actually doing the mining, if you just a buy a crypto you pay that you dont get it, its literally the opposite of revenue, its a cost

[karl262]

Originally Posted by afc wimbledon

no that isnt revenue, unless you are actually doing the mining, if you just a buy a crypto you pay that you dont get it, its literally the opposite of revenue, its a cost

Staking your crypto earns you transaction fees. That is revenue.

[afc wimbledon]

Originally Posted by karl262

Staking your crypto earns you transaction fees. That is revenue.

No that is an operating cost of the crypto

[afc wimbledon]

look the Ford motor corporation may well have a subdivision that makes seat covers that they then sell to Ford for the production of their F150's or the like, but you cannot claim because the seat cover division made a money from its sales to the parent company when Ford itself didnt sell a car that Ford is profitable because the seat cover branch made money.

Anything that costs money to operate bitcoin, mining costs, staking costs are all operating costs, not revenue, they are costs that you pay in order to buy a crypto, that only counts as revenue in a pyramid scheme, there is no value added to any of it.

Which is and should be true of any currency, Dollars don't produce revenue either

[topfiverecords]

Originally Posted by karl262

Staking your crypto earns you transaction fees. That is revenue.

That’s more like interest from a savings account or bond than revenue.