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Calling anything crypto "investing" is really funny.
by ulfw 4y ago
Calling anything crypto "investing" is really funny.
- stephc_int13 4y agoAgreed, this is closer to gambling. But from the "investor" perspective the difference might not be relevant. From the global economic perspective, this is almost opposite.
- totalZero 4y agoinvest verb gerund or present participle: investing 1. expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture. Seems like a correct use of the term to me, even if crypto is highly speculative and kind of a dumpster fire recently.
- dzamo_norton 4y agoThe expected return in a negative sum game is negative. We can call such schemes investments but then we're going to have to call PowerBall tickets and roulette wheels investments too.