Saving... Investing... Speculating... Gambling? (Poll)

[Fivestar4everMVP]

Saving... Investing... Speculating... what's the difference?
Does it matter anyway?

They are different, each has its own goal. But I prefer to choose investing and trading, these are 2 ways that are possible to give me money. I mostly invest in top coins, specifically Bitcoin and Ethereum. Meanwhile in trading, I prefer to choose more volatile coins, I choose top altcoins or current trend altcoins.

Sure, investing and trading are necessary in my life. 

You are right, and I completely agree wit you, having savings is very important, but investing and trading are much more better because that is the only means that good profit can be made, savings, depending on where the money is saved and how much is saved, can still make the owner some profit, but this can not be compared to money invested or used for trading.

And the most beautiful thing is that, money in investment and or trading can still be considered savings since it can still used for very urgent expenditures (like matter that involved life and death) in the absence of enough saving or savings at all.

[Peter90]

Saving... investing... speculating... gambling...


Today: Speculation vs. Gambling


KEY TAKEAWAYS

- Speculating and gambling both involve committing money to high-risk prospects that may or may not pay off.
- Speculators research and assess the risk of a financial asset before investing, in the hopes of seeing strong returns.
- Gamblers play a game of chance with an expected negative response: it is well understood that the odds of success with gambling are low and that the house is more likely to win.


Gambling can take the form of needing to socially prove one's self or acting in a way to be socially accepted, which results in taking action in a field one knows little about.
Gambling in the markets is often evident in people who do it mostly for the emotional high they receive from the excitement and action of the markets.
Finally, relying on emotion or a must-win attitude to create profits rather than trading in a methodical and tested system, indicates the person is gambling in the markets and is unlikely to succeed over the course of many trades.


www.investopedia.com


* Edited the poll adding the Gambling option 
Please vote! The results are interesting!

[LUCKMCFLY]

It is difficult now to speculate with bitcoin, because we are about to be in a period where we do not know what will happen? On the one hand, if they approve the Bitoin ETF, then the bitcoin easily goes up, if they don't approve it, then it drops in price, just as it happened in a few hours where it was said that they were not going to approve the bitcoin ETF because the price would go down, this It causes a lot of controversy, I could say that when this goes to another level and if it is approved, it would be difficult for the price to reach around $50k, that's what I predict because it can happen, of course this will always happen and when approved If they don't approve it you have to wait, then this is an uncertainty for traders, it's like a lottery to trade for me these days, it's like entering a casino, and this should be done based on knowledge, not Leave it to luck.

The investment? I think that at this time it is the safest thing, what has to be given is that the person has a lot of patience, there is no other way, this is what I can think for now, in the long term I do recommend having bitcoin.

[zulfi125]

Saving involves preserving money with low risk, investing entails putting money into assets for potential growth, while speculating involves high-risk bets for quick profits. The difference matters for financial goals and risk tolerance. In cryptocurrencies, my activity leans towards investing, seeking long-term growth with a diversified portfolio.

[Uruhara]

Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?

Everything is actually interrelated. As in real investing, when we know there is always potential and risk, that is where we will start speculating about which direction the project we are analyzing will go. Towards good or bad potential. And even though we make analyzes such as fundamental analysis, in the end we still speculate when taking action. Likewise in trading. But what makes the difference is whether we speculate without careful analysis or whether we speculate after carrying out careful analysis. Speculating without analysis and relying only on luck can be called climbing gambling. Meanwhile, speculating after considering the results of careful analysis is not gambling but can be included in trading or investment. Well, the level may be the difference in this case.

[ajiz138]

Saving: You will be a little safer and have lower risk, when you need something it will be enough because you will fulfill everything.

Investing: You can be rich, and richer depending on taking low or high risks, but saving does not make you rich but lives safer.

Speculation: If you speculate too much then there will be no progress, if you have done what you have done then follow up whether to invest in an asset or not.

gambling: you risk money with luck, don't think of gambling as income it's a bigger risk.

[Peter90]

Investing 56.3%

Trading 37.5%

Speculating 6.3%

Gambling 0%

Saving 0%



Investing is winning! 

[jeraldskie11]

Investing 56.3%

Trading 37.5%

Speculating 6.3%

Gambling 0%

Saving 0%



Investing is winning! 

Investing and trading are expected to be the most used by many. People are here in crypto to invest and make money in the future. They are here for the money, and investment is the best and safest way for it. Unlike gambling, you are just playing with 50% chance probability, and you can't guarantee that you will be profitable in the future, and if you're winning anytime it will get back from you.

I believe that there are people out there that are good at gambling, and there are people who are happy with it, but we can't deny that there's too much risks. Even trading, it's also risky especially if you don't know what you're doing.

That's why investing is what commonly choose by many because of the very low risk and a guarantee that you will be profitable in the future if you invested in the right coin especially Bitcoin.

[aiviaa485]

Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?

And if it does, how would you describe your activity with cryptocurrencies?

Everything in my opinion is "Gambling".
In this life we are just "Gambling" with the circumstances around us.
Whether it's in a good, bad life, day or night or an extraordinary life like the lives of rich artists.
Let me just take an example like this: I was going to go buy vegetables at the market but because there were so many choices in the market, I ended up "gambling" with my own choice of A B C D E F G.

That's just a bit of my opinion and it's not appropriate to be imitated by all members on this altcoinstalks forum.
For gambling in cryptocurrency, it is very easy to give an example, for example: In the past there was a person who bought a pizza with 10,000 Bitcoins and if he was "gambling" by keeping just one Bitcoin until now, perhaps he would have earned billions from his pizza.

[$crypto$]

Investing 56.3%

Trading 37.5%
Saving 0%

Investing is winning! 

Is this your entire portfolio or a big chunk of your monthly salary to invest 56.3%?
I think it's a good thing because by investing you can get big profits and become rich. Lol

The percentage of trading is too big for me, but it is up to you because you have skill in trading then it can make profit too.

Saving 0% then this should be an emergency fund but not completely saving on fiat.

[Peter90]

Investing and trading are expected to be the most used by many.

Yes indeed,
probably in their crypto life people act with multiple intentions,
but in a poll like this one simply chooses the option which represents the most important component of his overall cryptoactivity.

Everything in my opinion is "Gambling".
In this life we are just "Gambling" with the circumstances around us.
Whether it's in a good, bad life, day or night or an extraordinary life like the lives of rich artists.
Let me just take an example like this: I was going to go buy vegetables at the market but because there were so many choices in the market, I ended up "gambling" with my own choice of A B C D E F G.

I see we have some good life philosophers among us! 

[gunhell16]

It is difficult now to speculate with bitcoin, because we are about to be in a period where we do not know what will happen? On the one hand, if they approve the Bitoin ETF, then the bitcoin easily goes up, if they don't approve it, then it drops in price, just as it happened in a few hours where it was said that they were not going to approve the bitcoin ETF because the price would go down, this It causes a lot of controversy, I could say that when this goes to another level and if it is approved, it would be difficult for the price to reach around $50k, that's what I predict because it can happen, of course this will always happen and when approved If they don't approve it you have to wait, then this is an uncertainty for traders, it's like a lottery to trade for me these days, it's like entering a casino, and this should be done based on knowledge, not Leave it to luck.

The investment? I think that at this time it is the safest thing, what has to be given is that the person has a lot of patience, there is no other way, this is what I can think for now, in the long term I do recommend having bitcoin.

Even now that the spot bitcoin Etf has been approved, it is still not easy to determine what will happen to the price value of bitcoin in the market. Since Bitcoin is a volatile asset, it really cannot be determined immediately which direction it will go.

You know that Bitcoin suddenly moves the price value of a sudden rise that most people did not expect, and this has happened several times in some bull runs that have also passed in this field of cryptocurrency.

[Litzki1990]

First of all you should try to stay away from gambling because very few people are able to keep their money by gambling. Savings will keep your money unchanged so you will not have the potential for growth, but if you invest there is some risk in the money, there may be great potential for growth in the future. If I were to suggest you invest I would suggest you invest in Bitcoin. There are many more coins in the market to invest but Bitcoin is safe and Bitcoin is the best investment. If you have leftover money you can invest in Bitcoin. I am not asking you to invest all the money in Bitcoin you may need and you can keep the amount of money you may need and invest the rest in Bitcoin and if you can continue this investment then it is more positive for you. I recommend you to invest because I like to invest in Bitcoin.

[aiviaa485]

I see we have some good life philosophers among us! 

It's not about philosophy but it's about myself who always goes through days with uncertainty. For example, I go to the market as I explained before.
Cryptocurrencies are the same, when I learned a lot about cryptocurrencies including Bitcoin, the price was uncertain, it always changed in a split second.
I'm trying to assume that the choice you make is between "Saving... Investing... Speculating... Gambling?" , I will automatically choose "Gambling" because this fits perfectly between my life and Bitcoin trading which is always changing all the time.

Well , Naaaaah , now I will ask you about your life, is your life stable every day, "Flat" or changing (in income, activities, work, etc.)?
Don't take it seriously, I'm joking so you don't get too stressed about your day. LOL 

[zulfi125]

Saving involves preserving capital, investing aims for growth, speculating entails risk for potential profit, and gambling is based on chance with no underlying strategy. The distinctions matter for financial goals and risk management. In cryptocurrencies, my activity leans towards investing, focusing on long-term growth and strategic portfolio management.