You are viewing a single comment's thread from:

RE: Why Do People Keep Buying Doge?

in LeoFinance4 years ago

Well technically gambling is a short term move however remember gambling can also be long term. I've heard of 15 year bets before. So technically gambling can hold the "hope" or the right of some pay off if it comes to fruition similar to some of our investments. So some generally use terms like well you don't lose anything until you sell it.

I'd move to say there are some instruments we engage in that technically should be viewed as gambling. I'd say thats about 97% of cryptocurrnecy maybe even higher. Maybe like 99%. if the possibility exist on a day to day basis you can lose 30-40% of your investment and this happens regularly similar to crypto.

if i were not to use words like gambling i'd certain use terms like high risk investing. Also what are the cryptos being used for? what is their function? Is it significant. is there a demand for it beyond just pure hype. some cryptos can check off they are quite useful to a degree. Most are not able to do this.

Posted Using LeoFinance Beta

Sort:  

and here what you said in the last paragraph is the key that i think everybody should be looking for when checking for what's to invest in next. In a way it's the same thing when you buy stocks.

You find businesses with a clear plan, that are out of the ordinary, revolutionizing the market with good economics or potential etc etc

Posted Using LeoFinance Beta