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> Criticizing Bitcoin investment for speculation rings hollow when the majority of equity investment is speculation. Very few people invest with the intention o
by audunw 6y ago
> Criticizing Bitcoin investment for speculation rings hollow when the majority of equity investment is speculation. Very few people invest with the intention of never selling.
That's true. But there are plenty of investors who are conscious about what the investments are used for AS WELL. I mainly buy stocks in renewables and technology. A big part of that is that I feel like I know enough there to make informed investments that'll generate some return. But it's also because I want companies making renewable energy solutions to have access to capital, because I believe that what they're doing is good for the world. As long as my returns are equal or better than interest in my savings account, I'm happy.
There's a lot of people only focusing on pure speculation too. They serve a purpose in making stocks more liquid. But that alone is not the point of the stock market. If it was it'd be banned by now.
This is the main reason why I'm not buying BitCoin. I don't see what good the money I'm putting in will do in the economy.