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Do you not see how you are contradicting yourself? "Chances are" alone, is an assumption. How is that any different from your speculation on Bitcoin. The only
by chirau 9y ago
Do you not see how you are contradicting yourself?
"Chances are" alone, is an assumption. How is that any different from your speculation on Bitcoin. The only difference is longevity of the window period, otherwise it's the same principle.
- Aunche 9y agoThere is always going to be some degree of uncertainty with any action. Just because a meteor can fall on your head if you walk outside doesn't make it a gamble to do so. There's a fine line between investing and gambling, but the extreme ends of the spectrum should be obvious.
- darawk 9y agoI'd argue that the difference between investing and gambling is that gambling has known negative expected value, whereas investing is uncertain. If it is not known that the outcome of a gamble has negative EV, then a reasonable case can be made that it is an investment.