3 ms·

I don't like that gambling (on an obviously ponzi like scheme) is called investing.

• rootusrootus 8y ago
  That started a long time ago. Buying stocks that pay no income is also referred to as investing, even though it is more accurately gambling as well. At least with stocks there is something with a more convincing value proposition.
  • bluecalm 8y ago
    C'mon, some stocks don't pay anything because there are better ways invest their profit. You still own equity in something tangible and generating value most of the time.
    • rootusrootus 8y ago
      Sure, but you are gambling that their reinvestment will raise their stock value in the long run so that eventually you will make money. It's still a gamble, though.
      • bluecalm 8y ago
        It's an investment. You buy equity in something that produces value. Paying dividends or not is a non issue. Sure there is risk but it's different than buying lottery tickets or imaginary internet money. Conflating the two in the eyes of the public was great success of crypto currency pump and dumpers.