Cryptocurrency
Cryptocurrency
Out of context: Reply #410
- Started
- Last post
- 865 Responses
- Krassy0
how is cryptocurrency trading not gambling? serious question.
- how are stocks and fiat not gambling? how is falling in love or simply going outside not gambling?Milan
- stocks depend on company performance; fiat currency is not being traded reallyKrassy
- Stocks don't depend on company performance.zarkonite
- sure they do: "Fundamental factors drive stock prices based on a company's earnings and profitability from producing and selling goods and services."Krassy
- https://www.investop…Krassy
- err, forex? gambling is a vague enough term it could mean "buying with expectation of an increase in value" so buying anything could be gamblingkingsteven
- i'd say thats true of almost all cryptocurrency. i only have EWT now and i'd consider that an investment (just not a particularly smart one atm)kingsteven
- will be a huge problem https://www.theguard…neverscared
- oops https://www.theguard…neverscared
- starting a business is a gamble, maybe 50% gamble, stock trading is 65%, crypto is 70%, sports betting 90%, roulette is 99%. more or lessBeeswax
- @neverscared exactly. good oneKrassy
- is there some empiric data on that numbers from beeswax or is this fantasyland number dropping.neverscared
- stock performance is based on buying and selling activity, which MAY or MAY NOT be based on company performancemonospaced
- buying and selling = supply and demand = company performance as it is closely tied to supplying to meet demand.Krassy
- is keeping your money in fiat gambling? or just stupidity?inteliboy
- Supply demand isn’t company performance though.monospaced
- company performance is absolutely tied to supply & demand, c'mon now :)Krassy