JungleEskimo (OP)
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June 17, 2018, 02:03:18 PM
Last edit: June 17, 2018, 02:14:26 PM by JungleEskimo |
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It never struck me as "investing" to buy altcoins if anything its like buying a bunch of shovels and pick axes to hoard against the other gold miners/prospectors for the next gold rush. Yall hear about some gold dust found in a river somewhere, and yall start "investing" in buckets and wheelbarrows. Then you start handing out advice about "diversifying" to your fellow investors and start buying up mule carts and denim jeans... and mules. All the essential tools for a gold miner. And then you look at your stockpile and think "yup, investing 101 right here".
I hate that we use words like investing and diversification for cryptocurrency it just sounds like were trying too hard to look sexy. And smart. Its not much diversification to hold different brands of the same thing. Its not like real estate vs start up shares its crypto and more crypto.
Me? Im proud of my mule carts. Im proud of my buckets. I live and die by the shovel. Such is the life of the crypto-samurai. But I know my money isnt growing in a way that actually makes sense. I just expect it to sort of happen, somehow, someday. Them gold dust in the river are lookin' mighty shiny.
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JungleEskimo (OP)
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June 17, 2018, 02:11:22 PM |
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I need to clarify that putting all your eggs into one basket isnt wise. But diversifying to stretch your portfolio to 15+ tokens isnt wise either
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ShadowBits
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June 17, 2018, 02:37:15 PM |
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It never struck me as "investing" to buy altcoins if anything its like buying a bunch of shovels and pick axes to hoard against the other gold miners/prospectors for the next gold rush. Yall hear about some gold dust found in a river somewhere, and yall start "investing" in buckets and wheelbarrows. Then you start handing out advice about "diversifying" to your fellow investors and start buying up mule carts and denim jeans... and mules. All the essential tools for a gold miner. And then you look at your stockpile and think "yup, investing 101 right here".
I hate that we use words like investing and diversification for cryptocurrency it just sounds like were trying too hard to look sexy. And smart. Its not much diversification to hold different brands of the same thing. Its not like real estate vs start up shares its crypto and more crypto.
Me? Im proud of my mule carts. Im proud of my buckets. I live and die by the shovel. Such is the life of the crypto-samurai. But I know my money isnt growing in a way that actually makes sense. I just expect it to sort of happen, somehow, someday. Them gold dust in the river are lookin' mighty shiny.
What ever you call it, it is still investing since you are giving it your money and try to wait it awhile to have something return. |
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JungleEskimo (OP)
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June 17, 2018, 02:52:07 PM |
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Like buying lottery tickets
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Futurm
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June 17, 2018, 03:03:01 PM |
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It is true that most altcoin has no value at all, and most of the time it looks more like a gamble. People just want to get the most out of the gamble.  |
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fracas
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June 17, 2018, 03:07:36 PM |
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You definetely has some good points. We are actually speculators\gamblers in fact we are betting on a new world, new group of works around one single idea of technology (blockchain). The term "investor" is far better suited for those than invest in actual enterprise with real world products or service and usage. We, instead, in case of alts especially (with little exceptions like XRP, ETH, BCH, etc.), are putting our money into a dark zone, we hope those people that made the alt or the ICO will take care of the project they have described, we hope they'll make the future products or services they are promising and asking (our) money for. That's why crypto is tipically more rewarding than stock market (when bull market is ON), more risks more gains (and more losses in bear markets). Diversify is for sure the way to go, but yes, that we are gamblers it's a reality and in many cases we lose our gamble.
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NIuok
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June 17, 2018, 03:18:04 PM |
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The difference between investment and speculation is sometimes not so obvious. For any early investment, we can think of it as speculation. It is like investing in gold. Now it is a recognized investment behavior, but obviously from the examples you gave, you think that those early gold miners are speculating.
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Thirio
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June 17, 2018, 03:26:43 PM |
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Fair point. But technically you can still consider you're an investor, but it hit me when you say "I hate that we use words like investing and diversification for cryptocurrency it just sounds like were trying too hard to look sexy" i really feel that i was one of those.
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Yudhisthir
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June 17, 2018, 03:34:22 PM |
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Most of the times yes. Investors are those who gets paid for the profit their investment makes.
But there seems to be very few coins that stick to that rule.
Most of the profit made are by speculating them on exchange between traders.
So, yes it's gambling.
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Kakkles
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June 17, 2018, 03:39:29 PM |
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At this point in time its all speculation. But if you have proper trading strategies its far from gambling. If you are good with technical analysis you can set target and exit prices and do well most of the time if you're patient, smart, and disciplined. Every trade has a winner and a loser. When you're buying, someone is selling. Your loss is someone elses profit. If you are losing, someone else is profiting.
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Pa1n
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JOIN THE NEXT MEGATREND IN CRYPTO!
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June 17, 2018, 03:46:18 PM |
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If you doing invest some thing , people called you ' investor '.But if you say other aliases for this , you know. Investing has a potential and need patient.
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xyzone
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June 17, 2018, 03:49:27 PM |
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It's like buying ico tokens or exchanging eth to buy ico tokens that will not necessarily cost the same at ico. this year many investors who lost due to buy ico tokens. how do you think? is this called gambling?
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Grim149x
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June 17, 2018, 03:50:16 PM |
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For me, it's investing.
You can go on gambling in the casino and...we can say that you are investing your time in the casino. Well, just my little opinion and I'm invested in crypto and hoping for the best in the future.
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jackhdt
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June 17, 2018, 03:53:20 PM |
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Investment is a gamble and a wise man is a winner . I know that you' re feeling controlled in this game. A lot of altcoin are just projects in theory and no actual product . They' re actually just a game of cards and the ones who stop in time are the winners . So before investing in a coin , i' ve always looked at them and only long - term investments in some coins i appreciate about practical applications
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Make me great again
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kenharry
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June 17, 2018, 03:54:22 PM |
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I agree with Shadowbits since money is paid in and time given for its maturity and returns are expected it is investment.
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limtjoehua
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June 17, 2018, 04:26:21 PM |
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I agree with you, we already know that investment in crypto has a very high risk. but I think it's not gambling, it's luck. Every time I invest, after that I do not think about it anymore, just monitor it several times and hope will be a valuable asset in the future.
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CryptoProphet
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June 17, 2018, 04:34:39 PM |
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It never struck me as "investing" to buy altcoins if anything its like buying a bunch of shovels and pick axes to hoard against the other gold miners/prospectors for the next gold rush. Yall hear about some gold dust found in a river somewhere, and yall start "investing" in buckets and wheelbarrows. Then you start handing out advice about "diversifying" to your fellow investors and start buying up mule carts and denim jeans... and mules. All the essential tools for a gold miner. And then you look at your stockpile and think "yup, investing 101 right here".
I hate that we use words like investing and diversification for cryptocurrency it just sounds like were trying too hard to look sexy. And smart. Its not much diversification to hold different brands of the same thing. Its not like real estate vs start up shares its crypto and more crypto.
Me? Im proud of my mule carts. Im proud of my buckets. I live and die by the shovel. Such is the life of the crypto-samurai. But I know my money isnt growing in a way that actually makes sense. I just expect it to sort of happen, somehow, someday. Them gold dust in the river are lookin' mighty shiny.
Investing has a certain meaning, you can call it whatever you want, but the meaning will be the same. |
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JungleEskimo (OP)
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June 18, 2018, 02:40:59 PM |
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It never struck me as "investing" to buy altcoins if anything its like buying a bunch of shovels and pick axes to hoard against the other gold miners/prospectors for the next gold rush. Yall hear about some gold dust found in a river somewhere, and yall start "investing" in buckets and wheelbarrows. Then you start handing out advice about "diversifying" to your fellow investors and start buying up mule carts and denim jeans... and mules. All the essential tools for a gold miner. And then you look at your stockpile and think "yup, investing 101 right here".
I hate that we use words like investing and diversification for cryptocurrency it just sounds like were trying too hard to look sexy. And smart. Its not much diversification to hold different brands of the same thing. Its not like real estate vs start up shares its crypto and more crypto.
Me? Im proud of my mule carts. Im proud of my buckets. I live and die by the shovel. Such is the life of the crypto-samurai. But I know my money isnt growing in a way that actually makes sense. I just expect it to sort of happen, somehow, someday. Them gold dust in the river are lookin' mighty shiny.
Investing has a certain meaning, you can call it whatever you want, but the meaning will be the same. Yes, and then certain words belong to certain situations |
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arpon11
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June 18, 2018, 02:45:09 PM |
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I looked at myself as investors when I put my fund into any projects and I cannot deny of how volatile it is. Investing in cryptocurrencies entail Alot of risk and we should all accepting this fact but in reality we are investing into a thing that is going to determine our future.
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moeth
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June 18, 2018, 02:48:07 PM |
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In the cryptocurrency market, there are many ways to make money. You can choose to invest in your favorite projects for a long time. You can also use speculators to find short-term operations at better prices, and you can become a gambler who is crazy about investing in ICO. This is your own choice. There is only one sentence left for you here. Investment needs careful!
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