Bitcoin is a Ponzi

[Mike Nasty]

When somebody talks about their portfolio and they refer to crypto, I immediately tune them out

but breh, El Salvador uses it as their currency so how could it not be legit.

 

[Deafheaven]

what coins are you buying?

 

[winb83]

I kept tellin' these fools this shyt isn't "investing"

When somebody talks about their portfolio and they refer to crypto, I immediately tune them out.

It absolutely is investing. It's not a wise investment and it's highly risky but it's still investing.

 

[ogc163]

 

[RageKage]

Man Who Lost Everything In Crypto Just Wishes Several Thousand More People Had Warned Him

CHICAGO—Saying he had been absolutely blindsided by the sudden change in his fortunes, local 33-year-old Tyler Branton, a man who lost everything in cryptocurrencies, told reporters Thursday that he just wished several thousand more people had warned him. “If only a thousand—or even a few...

www.theonion.com

 

[FaTaL]

Man Who Lost Everything In Crypto Just Wishes Several Thousand More People Had Warned Him

CHICAGO—Saying he had been absolutely blindsided by the sudden change in his fortunes, local 33-year-old Tyler Branton, a man who lost everything in cryptocurrencies, told reporters Thursday that he just wished several thousand more people had warned him. “If only a thousand—or even a few...

www.theonion.com

d**kcoin

 

[Atlrocafella]

another day, another bankruptcy

 

[Professor Emeritus]

It absolutely is investing. It's not a wise investment and it's highly risky but it's still investing.

Difference Between Investing Vs Gambling - Which is Superior?

Is investing and gambling the same? There is a thin line of difference between the two. But there are very different from each other.

scripbox.com

1. Investing is based on research, while gambling depends on luck.​

Investing is an activity which requires much research. Gambling solely hinges on emotions. One needs to do enough research and understand their risk tolerance, goals, and financial situation to invest in the right assets. Gambling, on the other hand, doesn’t require much research. It’s just one news that breaks through in the market, and it’s the emotions that control the market. However, people often invest based on tips or rumors and research to gamble sometimes. To buy a futures contract, one might do more research than buying stock itself. So there is a thin line between the two. Hence, people often mistake investing with gambling.

2. Investing gives ownership of an asset gambling doesn’t​

Investing in mutual funds or shares or any asset for that matter does provide us with ownership of the asset. In gambling, when you put your money, all you receive is more money or no money. There is no ownership of an asset that comes at the end of a gambling transaction. However, in investing, one can claim ownership of an asset.

3. Investing is long term, and gambling is short term​

Investing is usually done in the long run. For a period, more than a year in case of equity. The only exception to this case is investing in debt funds, short term bonds, and money market instruments. Gambling or trading is done during trading hours, and sometimes it can extend to a couple of weeks or months but nothing more.

4. Investing involves less risk than gambling​

Gambling usually is based on a principle of going all in. By taking a risk, the person is either rewarded or goes empty-handed. There are hardly any chances of getting back the money lost in gambling or trading. In investing, one can always switch investments from one fund to another or one asset to another and recover the lost money with it. In gambling, if you lose, you lose it all. One can recover the money lost in trading or gambling through more trading or gambling, but only when additional money is introduced to continue the same. While investing, one can withdraw their investments (even it is a loss) and invest it elsewhere. No one loses the entire money invested. They face losses.

5. Investing is well planned to reach a goal, gambling isn’t​

Investing is done with a goal in mind. To save up for retirement, or child’s college fund or a vacation. Betting is done to earn more money, and most of the times purely for the pleasure of it. One can also plan their future goals based on gambling, but the risk is too high, and it will work only if the luck is in favor of them.

6. Investing isn’t addictive, gambling is​

Gambling is considered a severe mental condition. Some organizations identify compulsive gambling as a problem and also deal with it. While there are no such problems identified for investing. Instead, investing is considered as a sound financial practice for a healthy economic life.

Hmmmm....risky, addictive, poorly planned, depends on luck, and no real asset behind the "investment".

Crypto clicks more of the "gambling" boxes than the "investing" boxes.

 

[itsyoung!!]

Saitama thread and the people in there hoping to get rich quick off shyt coins let me know everything I needed to know. Havnt invested in a coin since that thread.

 

[Knowledge]

 

[ogc163]

Remember this when these fucc niccas ramble on about only investing what you can afford to lose. They are attempting to deflect from their grimey ass values.

 

[Skooby]

Remember this when these fucc niccas ramble on about only investing what you can afford to lose. They are attempting to deflect from their grimey ass values.

 

[In The Zone '98]

New York Fed advances tests of CBDCs for cross-border payments

A partnership with Singapore authorities and a project with a network of banks aim to demonstrate the viability and interoperability of central bank digital currencies.

www.americanbanker.com

Do I trust the naysayers on TheColi. Or actually banks and governments making moves behind the scenes.

Damn

What do I do

 

[beenz]

Remember this when these fucc niccas ramble on about only investing what you can afford to lose. They are attempting to deflect from their grimey ass values.

he's a retard. you should NEVER invest your entire life savings into one risky investment.

now, if he would have put all her retirement into mutual funds or index funds, she'd be fine right now. but, she could have done that already with wherever her retirement money had been at previously.

 

[Skooby]

he's a retard. you should NEVER invest your entire life savings into one risky investment.

now, if he would have put all her retirement into mutual funds or index funds, she'd be fine right now. but, she could have done that already with wherever her retirement money had been at previously.

What he's saying she invested her entire life savings on her own. He didn't know she was going to do that.