First: Difference in perspective. About 10 years ago I told a friend/lover that I would gladly trade the sex I was going to get for the rest of my days for good conversation :) May have been an error on my part. She took me seriously and started talking...
I believe absolutely in skin in the game. I have about $1800 total invested in Hive and the other place. There have been a couple of times that money would have looked good in my account.
I never, ever considered it an investment, but skin in the game. I've never had the intent to sell so it's really hard for me to consider 'investment'.
When I go to Las Vegas or the horse races I am a player not a gambler. I actually visualize the money I have to spend as gone. Now the idea is to play as long and as hard as I can.
:D
I think in some ways this is the position of "taking a flutter" on the races - it makes it more interesting. I don't gamble, but then, every investment is somewhat of a calculated risk - and I am bad at math.
I do this too. The money invested is already a loss, so is no longer mine.