Gambling, speculating, investing.
Gambling on one end is the equivalent of throwing a die in the air and hoping it lands where you want it to. In contrast, investing is buying an asset that you can logically justify has a chance of increasing in value over the long term, all while accepting a level of risk that you consider reasonable.
Putting money into crypto assets is speculative at this stage as it holds characteristics of both gambling and investing.
One can justify that certain crypto assets have a chance of increasing in value over the long term. For instance, if mass adoption were to take place. However, gambling categorisation comes in because significant blindspots don't allow individuals to adequately consider the level of risk, such as how governments will choose to regulate crypto assets and which crypto assets (If any) garner mass adoption. These unknowns can have significant impacts on pricing.
I hope this helps us to understand the difference that when you hold bitcoin and when you stake bitcoin
You sound really lost.
Are you sure that you are in the correct thread?
Yeah, your last sentence shows that you are not afraid to use the word bitcoin, yet other than your actual use of the word (twice), you are not showing yourself to have much of a clue in regards to what is bitcoin, beyond what a mainstream pundit or a bot would garner from reviewing various mainstream sources. So yeah, maybe if you were to spend 50 hours or more studying bitcoin you might start to get a bit of a clue.. perhaps? perhaps? Sometimes it takes a bit longer, especially if you are starting out with a lot of bad information and trying to present yourself as if you actually know something about bitcoin.
to be fair the current strategy of someone who acquired coin at sub $1000 usd will be somewhat different in someone who entered at $60k.
but the main part.. the hodl part.. thats the important part.
You are right. Different individuals with their own unique strategies.
Whatever happens, the mantra is hodl until forever ends which is the the individual's point of satisfaction with their asset accumulation.
Those sound like dumb and/or short-sighted approaches to personal financial management, especially when bitcoin accumulation is in the mix.
Generally speaking, BTC accumulation is the first stage, so you should be accumulating until you have enough. I suppose HODL is contained within that concept - but the more important thing is continuing to build by ongoing buying...
Once you have enough, then you have more options, and sure there might be a period in which you are neither buying nor selling, but you just have enough, and maybe that is a kind of HODL.. HODL until the time comes to start to sell some, whether it is selling as the price goes up or selling on a regular basis, and perhaps even buying on dips.. but without necessarily significantly depleting the value of your BTC holdings, even though at some point you will go from a point in which your BTC holdings are going up and the maybe some later point where they are flat and then even later when your BTC holdings might largely be going down because you are spending from them.
Surely the pattern does not have to play out the same for everyone, and so there could be folks who have ever increasing flows of fiat that they could spend from sources other than their bitcoin - yet at some point there does seem to be some logic in spending some of your BTC, especially if you may well recognize that you have overly accumulated it.
Shit coins are equivalent to gambling and gambling is for losers. One can invest few bucks in shitcoins for fun but real focus and most of your capital should be going to Bitcoin alone. 1 bitcoin is difficult.
Investing in bitcoin is also gambling.
YOUR RIGHT!
Only your the HOUSE.
If you are the house the odds are in your favor.
If you are gambling the odds are against you.
"The odds are in your favour" is IMO quite an understatement with regards to
BTC.
The ongoing persistent spot price volatility seems to cause a lot of confusion in regards to a wide-spread failure to recognize/appreciate bitcoin's value proposition.. and so many of us who have been studying the space for a while portray signs of dumbfoundness in regards to how so many normies don't seem to get it (literally and figuratively).
Been doing that everywhere lately, not sure if lazy or mind is just too old.
No more riding motorcycles into trees?
#askingforcontext
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