Saving... Investing... Speculating... what's the difference?
Does it matter anyway?
And if it does, how would you describe your activity with cryptocurrencies?
Well, let me say that there is a bit of difference in saving and investing, but this difference lies in what coin one is buying, for example, we have stable coins like the USDT, USDC and so on, and we have non-stable coins like the Bitcoin, Ethereum, Solana and so on, which of this we are buying will tell if we are saving or investing.
Like for example, someone buying stablecoins, to me is saving, since stablecoins are relatively stable in price, there is a little to no chance of making a profit just holding stable coins, so holding stable coins is more like saving.
But on the other hand, if someone is buying coins like bitcoin, Ethereum, Solana and so on, we can say that this person is investing, since the price of this coins are not stable, they have the potential to fetch in for the holder a lot of profits, as well as alot of loses as well when the market turns red, so, this is investing.
And speaking of speculating, I think this is something totally different, speculation is what leads people to either investing or just sitting and watching, I can't think of any other way to explain this actually.