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I like your way to define it better, because it also provides an inherent way of avoiding (more, probably not all) scams. Don't buy stuff for the sole purpose
by erikb 9y ago
I like your way to define it better, because it also provides an inherent way of avoiding (more, probably not all) scams.
Don't buy stuff for the sole purpose of hoping for profit. Things you buy need to have intrinsic value. The least thing you have is a logical reason why someone else would buy it for more. And in that case early adopters of ICO-scams are doing it the smart(er) way. Because they buy coins for less than the offering price and can guess from marketing hype what they may get on offering day for it.
- quuquuquu 9y agoAbsolutely, I do agree! Buying something expressly for profit, but masquerading it as a business, that = Herbalife. Now, some people actually do drink Herbalife shakes, but usually they are doing so as a rite-of-passage to some kind of "next level of distributorship." craziness, really :)