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I think of crypto as a class of stock, instead of currency. Speculative valuation based on investor confidence. Yes, it’s not backed by a real asset, so crypto

I think of crypto as a class of stock, instead of currency. Speculative valuation based on investor confidence. Yes, it’s not backed by a real asset, so crypto is truly a sister to Monopoly money, but I don’t see an issue with investing as long as you recognize what crypto is and what it isn’t.

grey-area 4y ago
You are not describing investing but speculating. Yes there is a difference.
- fullshark 4y ago
  Arguably retail investors aren't actually investors either, but savers, speculating on whatever assets they buy having value when they need their dollar value.
  - grey-area 4y ago
    See the second sentence.