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When you are betting on Bitcoin or Ethereum, you are betting on the technology, developer community, ecosystem and the adoption. With Tron, there's hardly a pro

When you are betting on Bitcoin or Ethereum, you are betting on the technology, developer community, ecosystem and the adoption. With Tron, there's hardly a product and Ripple while seems to have some successful pilots, is still far from realizing the dream of replacing the FIAT currency among banks.

solipsism 9y ago
Your biases are showing. There's no reason someone can't place a bet on Ripple's "technology, developer community, ecosystem and the adoption".
- vthallam 9y ago
  May be.Really, In the current scenario, you can't like avoid any implicit bias, like even if you don't mean it. That's why in my comment, I didn't explicitly comment on Ripple's product or team. Also, a bet is one thing, but the get rich quick scheme going on in the market with new investors is another. I still hold some Ripple if that breaks any bias, and I think the correction was unavoidable.
module0000 9y ago
>> When you are betting Full stop. You are trading or investing - if the word "betting" passes through your brain, stop now. The public surge of interest in crypto currencies is a redistribution of wealth from retail speculators to professional speculators. You aren't betting on the technology, developer community, ecosystem, or adoption anymore. At this point, you are betting you aren't the last one to the party.
- notyourday 9y ago
  Do you know what is a bet gone wrong? It is investment.
- joering2 9y ago
  I think you took his word too literally. When I read it, it simply means you put your hopes into something. I am betting that my new relationship with be futile and bring me happiness. Doesn't mean I went to see bookie about it.
- rdlecler1 9y ago
  Buffett calls investments bets all the time. Let’s call it what it is.
- PhasmaFelis 9y ago
  When you play the stock market (telling phrase there), are you not making a bet that your stock will increase in value?
  - tomkarlo 9y ago
    Not necessarily, and not in the long term. You can buy stocks with no expectation they will increase in value (or even maintain value) if the dividend yield is high enough. And stocks have value because of this - the assumption in any stock, even one currently without a dividend, is that eventually it will pay out some form of a dividend to its holders. You may buy a stock hoping it will will rise in value, but that rise is predicated on the eventual delivery of cash via dividends or some other mechanism of distribution. Contrast that with say, Gold, where in fact it costs money to hold and there's no expectation it will ever generate any kind of dividend.
    - TheSpiceIsLife 9y ago
      How is the long term not gambling? No one knows what going to happen tomorrow let alone in ten plus year. My bet is: it all comes down to risk tolerance. In the long term some forms of investments have shown, historically, to be consistently less risky, or more risky, than others.
      - tomkarlo 9y ago
        Gambling and investing both involve risk, but they're not the same thing, and there's important differences. In particular, in most gambling, the sum of returns to participants is less than the amount wagered by all parties, whereas in equity investment it's generally / historically the opposite. Additionally, whereas gambling is generally fairly time-bounded, investing isn't, and in fact often rewards longer holds via dividend and coupon yields in addition to the potential difference between purchase and sale. More to point: most studies show that you do best in investing simply by having money invested for long periods, and being diversified to mitigate secular risk. That wouldn't work in gambling.

solipsism 9y ago

Your biases are showing. There's no reason someone can't place a bet on Ripple's "technology, developer community, ecosystem and the adoption".

vthallam 9y ago
May be.Really, In the current scenario, you can't like avoid any implicit bias, like even if you don't mean it. That's why in my comment, I didn't explicitly comment on Ripple's product or team. Also, a bet is one thing, but the get rich quick scheme going on in the market with new investors is another. I still hold some Ripple if that breaks any bias, and I think the correction was unavoidable.

module0000 9y ago

>> When you are betting Full stop. You are trading or investing - if the word "betting" passes through your brain, stop now. The public surge of interest in crypto currencies is a redistribution of wealth from retail speculators to professional speculators. You aren't betting on the technology, developer community, ecosystem, or adoption anymore. At this point, you are betting you aren't the last one to the party.

notyourday 9y ago
Do you know what is a bet gone wrong? It is investment.
joering2 9y ago
I think you took his word too literally. When I read it, it simply means you put your hopes into something. I am betting that my new relationship with be futile and bring me happiness. Doesn't mean I went to see bookie about it.
rdlecler1 9y ago
Buffett calls investments bets all the time. Let’s call it what it is.
PhasmaFelis 9y ago
When you play the stock market (telling phrase there), are you not making a bet that your stock will increase in value?
- tomkarlo 9y ago
  Not necessarily, and not in the long term. You can buy stocks with no expectation they will increase in value (or even maintain value) if the dividend yield is high enough. And stocks have value because of this - the assumption in any stock, even one currently without a dividend, is that eventually it will pay out some form of a dividend to its holders. You may buy a stock hoping it will will rise in value, but that rise is predicated on the eventual delivery of cash via dividends or some other mechanism of distribution. Contrast that with say, Gold, where in fact it costs money to hold and there's no expectation it will ever generate any kind of dividend.
  - TheSpiceIsLife 9y ago
    How is the long term not gambling? No one knows what going to happen tomorrow let alone in ten plus year. My bet is: it all comes down to risk tolerance. In the long term some forms of investments have shown, historically, to be consistently less risky, or more risky, than others.
    - tomkarlo 9y ago
      Gambling and investing both involve risk, but they're not the same thing, and there's important differences. In particular, in most gambling, the sum of returns to participants is less than the amount wagered by all parties, whereas in equity investment it's generally / historically the opposite. Additionally, whereas gambling is generally fairly time-bounded, investing isn't, and in fact often rewards longer holds via dividend and coupon yields in addition to the potential difference between purchase and sale. More to point: most studies show that you do best in investing simply by having money invested for long periods, and being diversified to mitigate secular risk. That wouldn't work in gambling.