3 ms·
>investing in crypto Crypto is an investment the same way $GME or playing the roulette is an investment. Better term would be speculating or gambling. Nothing
by ChuckNorris89 6y ago
>investing in crypto
Crypto is an investment the same way $GME or playing the roulette is an investment. Better term would be speculating or gambling. Nothing wrong with either, but let's call it what it is.
- qqii 6y agoComparing it to roulette is such a hyperbole. Would you say that penny stocks are playing the roulette? You may argue they have similar odds but there are fundimental differences between them.
- ChuckNorris89 6y ago>Would you say that penny stocks are playing the roulette? Where did I talk about penny stocks? I was talking about volatile meme stocks like $GME being like playing the roulette.
- qqii 6y agoThere's still a difference between buying $GME and playing roulette. Volatile as it may be the chance of loosing all of your investment is greatly lower with meme stocks.
- chrisseaton 6y agoIsn’t that what I already said? Investing as a hobby? Recreation? Like investing in Pokemon cards?
- ChuckNorris89 6y agoInvesting involves spending money with the intent to make financial returns on your investment. Buying assets "as a hobby" that depreciate or generate no income, is just that, buying for a hobby, not investing.
- chrisseaton 6y agoPeople invest in all sorts of things they don’t seriously expect a financial return from. Like sports teams.
- ChuckNorris89 6y agoYeah but that's just spending money, not investing.
- chrisseaton 6y agoWell so what? I said people did it as a hobby. They see it as 'investing' like Fantasy Football people are 'playing football'. It's not some mystery!
- ChuckNorris89 6y agoYou clearly have a very deep understanding of finance.
- chrisseaton 6y agoNot sure why you've decided to become personal, snarky, and sarcastic like this?