08-29-2021, 07:11 AM
How or Why is the cryptocurrencies considered an investment and not a gamble?
<!-- SC_OFF --><div class="md"><p>So when you buy bitcoin you buy it and push the price up.<br/> Hoping other people buy into it after you and push the price up - so you benefit. </p> <p>When the price goes high enough, you dump it.<br/> Thereby screwing over the other people who come in after you. </p> <p>So this is how you make money. </p> <p>The game is to make sure you get in and out before too many other people decide to dump it. </p> <p>Someone can tweet the price might go up a bit, false news about amazon adopting it (or some other news) gets created to drive the price up, exchanges pay news channels to have bitcoin talking heads on to promote this speculation, the chinese miners get shut down (and dump) the price tanks, </p> <p>Not to mention the ticking time bomb that is the fraudulent stablecoins (operating off the cayman islands) or how 90% of the trades in cryptocurrencies is done by futures/options trading off the sketchy exchanges (manipulating the price) many of which are in the cayman islands. </p> <p>Right now, why is bitcoin considered an "investment" and not a gamble?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MrIndira"> /u/MrIndira </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pdm73l/how_or_why_is_the_cryptocurrencies_considered_an/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pdm73l/how_or_why_is_the_cryptocurrencies_considered_an/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So when you buy bitcoin you buy it and push the price up.<br/> Hoping other people buy into it after you and push the price up - so you benefit. </p> <p>When the price goes high enough, you dump it.<br/> Thereby screwing over the other people who come in after you. </p> <p>So this is how you make money. </p> <p>The game is to make sure you get in and out before too many other people decide to dump it. </p> <p>Someone can tweet the price might go up a bit, false news about amazon adopting it (or some other news) gets created to drive the price up, exchanges pay news channels to have bitcoin talking heads on to promote this speculation, the chinese miners get shut down (and dump) the price tanks, </p> <p>Not to mention the ticking time bomb that is the fraudulent stablecoins (operating off the cayman islands) or how 90% of the trades in cryptocurrencies is done by futures/options trading off the sketchy exchanges (manipulating the price) many of which are in the cayman islands. </p> <p>Right now, why is bitcoin considered an "investment" and not a gamble?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MrIndira"> /u/MrIndira </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pdm73l/how_or_why_is_the_cryptocurrencies_considered_an/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pdm73l/how_or_why_is_the_cryptocurrencies_considered_an/">[comments]</a></span>Kind Regards R