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An asset cannot be an investment. You make investments in things through an action. And speculating on something, by itself, does not qualify as an investment.
by blueprint 9y ago
An asset cannot be an investment. You make investments in things through an action. And speculating on something, by itself, does not qualify as an investment.
- dsacco 9y ago> And speculating on something, by itself, does not qualify as an investment. Yes it does. For example, venture capitalists are investors, and they engage in high risk speculation.
- deleted 9y ago[deleted]
- vuln 9y agoDo venture capitalists invest in something based upon a Facebook ad? Probably not. The cryptocurrency hype targeted the unknowledgeable with a blatant 'get rich scheme' worse than state sponsored lottery.
- dsacco 9y agoI don't disagree with you, I just dislike when the term "investment" is narrowed so as to preclude high risk speculation. Even university endowments and pension funds have speculative investments.
- paulgb 9y agoAesthetically I agree that I don't like the word "invest" applied to crypto-currencies but I think it's a subjective judgement. People can invest in the work of a young artist, and I don't have a problem with the word "invest" in that case, so where can we draw the line?