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My friend invested $5000 at a blackjack table in Macau, at one point his $5000 had increased to $40000. He ended up walking away with $2000. The difference bet
by ryanlol 10y ago
My friend invested $5000 at a blackjack table in Macau, at one point his $5000 had increased to $40000. He ended up walking away with $2000.
The difference between the two stories is that my friend friend had a really good time. Why? Because he knew that he wasn't "investing", he was gambling. If your friend is gambling with more than he can afford, he has a gambling problem and should seek help.
- dmix 10y agoIndeed, I have as much sympathy as your friend as someone who stresses over his 'investments' in alpha quality cryptocurrency software. The primary motivation should be investing in technology and the concepts behind it, not looking for instant-rich ROI.
- curiousgal 10y agoThat is precisely how I trade. My positions depend on my long-term belief in the technology, if I believe in it then the general direction of my positions will reflect that. I'll short it, yeah but I'll always have a stash.
- deleted 10y ago[deleted]