|
Agricola Frigidus posted:You can buy Manhattan real estate with 150 000$? Hello Sailor posted:A) You're not a goon, Seraph84. You've been repeatedly rejected in your attempts to join the community of goons and just can't take a hint. B) Investment? Speculation? The only meaningful difference between these two words is the degree of risk and reward involved. Since evaluating risk is entirely subjective, it's an exercise for each of us to define for ourselves what constitutes an investment and what constitutes speculation. "An investment is an asset or item acquired with the goal of generating income or appreciation in the future. Speculation is a financial transaction that has substantial risk of losing all value, but with the expectation of a significant gain." Goons have been saying that Bitcoin is a high risk investment that is likely to lose all value for ten years, and they've been proven for ten years (and counting). Therefore, I argue that my Bitcoin holdings are in fact an investment by definition. You may disagree based on your own evaluation of the risks involved in holding Bitcoin – and that's fine! But going around claiming there is some objective truth about what determines whether something is speculation is stupid and by definition incorrect. Risk is something we each have to define for ourselves. I decided the risk was low and the potential reward was tremendous, and ended up multiplying my initial investment ~150-fold in just over seven years. Take from that what you will. C) No u. I've said it before and I'll say it again: Money talks, and bullshit walks. Strap in, cupcake, because I ain't goin nowhere!
|
#
¿
Feb 3, 2021 19:39
|
|
|
|
| # ¿ May 9, 2024 16:03 |
|