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

[Peter90]

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 

I think there is a gambling component in most decisions that we take in life, be it in cryptocurrencies or in choosing which apple to bring home from the market. We cannot avoid the role played by luck in the outcome of our decisions. So I say you are right.

... wait a minute... GAMBLING GOT ONE VOTE! Thank you aiviaa!
 

Saving involves preserving capital, investing aims for growth, speculating entails risk for potential profit, and gambling is based on chance with no underlying strategy.

Hi zulfi,
nice distinctions there. You have analytical skills!

I have been in the crypto space for a long time, and all the things you mentioned are things I do as a community investor in this field.

Hi GH,
yes of course, we engage in more than one of these activities.
Maybe I should formulate my question differently. Instead of: How would you describe your activity? I should ask: Which one of these activities is more important for you?

There little different BTW speculating and investing

Hi TPM,
yes of course, there is not a clear cut distinction between these 4 activities, so it's not always 100% clear whether someone is investing or speculating or saving...
Sometimes we have more than one goal, so that in our decision there is both, investing and speculating, maybe a little more of one and a little less of the other...
But nonetheless, I think that they are 4 different activities and it makes sense to discuss about them 

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.

In cryptocurrencies, saving might be holding stablecoins, investing could be long-term holdings like Bitcoin, and speculating might involve trading altcoins. Your activity depends on your risk tolerance and objectives.

Hi Fivestar and gulu,
you both make a good point!: each one of these activities can have a bearing on which coins one chooses to trade.
Or conversely: there are cryptos which suit better one or the other activity.



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Investing (52.4%)

Trading (33.3%)

Speculating (4.8%)

Gambling (4.8%)

Saving (4.8%)

[LUCKMCFLY]

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.

What he says is very true, as long as it is about gambling, because things will Always be very risky , gambling in a casino will always be a Reckless activity, perhaps because it is very prone to having a lot of luck, or that gambling in general occurs and is linked to Chance , these types of Things are the ones that we must focus on Making and predicting some results, that is why both in the game and in the game I apply a single Strategy before starting , which is , betting or putting The money that I am Willing to lose, whether in trading or in caisno, I say that and I actually end up with an amount of money, usually it is small, but I always set that as a goal, so that I don't regret it after my acts, when I do and achieve that, it is easier, because basically what I do is that if I don't win Anything, I don't put more money there, and I Assume my loss , if I Win then I try to enjoy my gnanaics, that is the Smartest thing ever Now I have Discovered you.

[SamReomo]

Today, I participated on the poll of this thread and I have selected investing and trading. And, I was astonished to see that most of us are either traders or investors and I agree with all those people who choose investing and trading as both of those are needed to earn better revenue. I would prefer investing over trading a little bit but trading is also quite good if you know what you're doing.

[Perfect540]

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

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

Saving means which assets do you have store in your wallet.
Investing means do you buy by your fiat or Digital currency.
Speculation means means future price prediction of Investment or Savings.
Gambling means betting something exchanging investment or savings.

[raflesia]

If the choice is only to the 5 voted then of course in this case I will prepare myself more to invest but indeed in this case I have also experienced trading and of course gambling which I still do because in this case I distinguish them with a specific purpose.
I do Investment to change the future life situation that I want to get well so investment is the right choice for my long term as for gambling it is not a business for us as players but it is just meant to relax the mind after I am busy with work all day and on weekends I use a few hours to do gambling just for entertainment not for business.

[Aanuoluwatofunmi]

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

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

Saving means which assets do you have store in your wallet.
Investing means do you buy by your fiat or Digital currency.
Speculation means means future price prediction of Investment or Savings.
Gambling means betting something exchanging investment or savings.

I see this as a discussion whereby only a newbie may not really have the understanding of these terms and know their difference, it is very simple even at the virtue of what we do, we are saving through what we earn, this may be our income from what we do or what we receive as incentives from other people and refuse to spend, instead we choose to hold it, investing is when we want to use our asset on something that could be more profitable to us, speculating is just as making a survey about what we are intended to do, gambling is another thing entirely different from them all, you place a bet in gambling to either win or loose.

[Asiska02]

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

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

Hey OP, they all matter and you’ve to chose the one that works best for you in the crypto space before deciding on which one to do. On how you listed them is the order of their increasing risk in the space. If you’re new into the space and want to start saving in crypto and making money, investing and saving in bitcoin is the best for you. If you chose to go to other altcoins, you’re already risking your investment. Speculation should remain speculations until when proven to be a fact, don’t fall for speculations. I will align trading to gambling in crypto, without the in-depth knowledge of it, you’ll lose in them. It is better to keep investing in bitcoin and save for the good days rather than investing in speculations or trading your money.

[Gormicsta]

Wow... This is an interesting question which we are learning a lot from the opinion of others.
Anyways I don't have much to say, all I could say is that for me I think saving and investing are good to go in terms of crypto because some people invest in crypto as a way to save their money for long tem use or when an emergency arise.

[Uruhara]

Investing (52.4%)

Trading (33.3%)

Speculating (4.8%)

Gambling (4.8%)

Saving (4.8%)

Investment and trading still seem to be the choices of the majority of us. And this is a normal thing because anyone would be happy with investing and everyone would always be involved in any type of trading. But I'm highlighting the savings option that not many people here seem to choose. And from these results it can be said that people here already understand the disadvantages of just saving which is always related to inflation and can make the amount of our savings remain the same but the value will continue to decrease due to inflation. Meanwhile, those who choose investment and trading are those who understand that it is important to continue to grow your portfolio and plan your finances very well.

But I hope everyone still has savings, even if it's not much. namely savings to anticipate emergency situations or what is also usually called an emergency fund.

[LUCKMCFLY]

Investing (52.4%)

Trading (33.3%)

Speculating (4.8%)

Gambling (4.8%)

Saving (4.8%)

Investment and trading still seem to be the choices of the majority of us. And this is a normal thing because anyone would be happy with investing and everyone would always be involved in any type of trading. But I'm highlighting the savings option that not many people here seem to choose. And from these results it can be said that people here already understand the disadvantages of just saving which is always related to inflation and can make the amount of our savings remain the same but the value will continue to decrease due to inflation. Meanwhile, those who choose investment and trading are those who understand that it is important to continue to grow your portfolio and plan your finances very well.

But I hope everyone still has savings, even if it's not much. namely savings to anticipate emergency situations or what is also usually called an emergency fund.

Well you are right, in every sense that is good because things should be like this, when you have bitcoin for example, it is always good to have and buy everything you ask for as long as the price remains below its ATH, I would leave the percentage of gambling much lower because that is referred to pure fun, which is not bad, but we must understand something, whenever we need to do something to generate money, gambling is something that can do the opposite, and if the person He does not manage his finances well and the percentage can go much higher.

As for market speculation, it is not bad, things will always be favorable as long as you know how to do them, because there is nothing worse than doing gambling, market movements must be very well planned so as not to lose money, There must be very clear rules so that things don't get out of control, that's my way of seeing things, maybe there is a much better plan.

[gunhell16]

Most crypto communities know that the main reason for those entering this industry is to look for investments that will help grow investors' capital in the future. Of course, when the purchased crypto coins are correct and legitimately have potential, investors will make a profit.

Now, where can investors buy potential crypto assets? I see only two possible sources for that: first from the trading platform, either Cex or Dex, and second from the new campaign projects, although the risk level is high when buying investment in new projects.

[IyemRoker]

I am more likely to Saving because I keep coins more than trading it in the market.
I also have bitcoin even though I try to save for a more expensive price when I have retired from work and old.
For daily I use money from working real and for future assets it is more likely to store it, such as land, rice fields and fish ponds including bitcoin.
Maybe my thinking is old -fashioned or out of date but I prefer to store my assets because my thinking when I am old is not able to work and must have the name Pasive Income, including from Cryptocurrency.

[DAMKAR]

I am more likely to Saving because I keep coins more than trading it in the market.
I also have bitcoin even though I try to save for a more expensive price when I have retired from work and old.
For daily I use money from working real and for future assets it is more likely to store it, such as land, rice fields and fish ponds including bitcoin.
~snip~

Saving and investing are good way to make profit from crypto.
I have done both.
Trading is also good , if we have experience and knowledge in trading.
But If we want to invest in low risk, Holding is the best way to do. but it needs free money.
TBH, I have do trading, saving, investing in new project and also staking in top coins.
I use many method  to gain profit.

[taufik123]

-snip-
TBH, I have do trading, saving, investing in new project and also staking in top coins.
I use many method  to gain profit.

Then which method do you think is very effective for growing the profits you can get in crypto?
Because each method will have its own advantages and disadvantages.

Trading certainly requires good analytical knowledge and must have a stable psychology in trading.
It is not easy to continue to trade consistently, and there will be losses and gains.

The safest way is to buy gradually and hold it until the main price target is reached.
It will also avoid from psychological pressure so that there is no burden.
Simply hold and sell when it reaches the target, it is better and there is no need to stress.

[LUCKMCFLY]

I am more likely to Saving because I keep coins more than trading it in the market.
I also have bitcoin even though I try to save for a more expensive price when I have retired from work and old.
For daily I use money from working real and for future assets it is more likely to store it, such as land, rice fields and fish ponds including bitcoin.
~snip~

Saving and investing are good way to make profit from crypto.
I have done both.
Trading is also good , if we have experience and knowledge in trading.
But If we want to invest in low risk, Holding is the best way to do. but it needs free money.
TBH, I have do trading, saving, investing in new project and also staking in top coins.
I use many method  to gain profit.

Well, as far as things that are investment are concerned, it is quite good when it comes to doing what is best for us, I have always said that the safest thing is investment and market speculation is for those who actually know how to do it, because If it is not to lose money, each of us must have a method for everything, both to speculate in the market and to do any type of things that have to do with us doing the best in the market and winning, we always seek to win, but with concoiment.

The thing about betting is, as I have always said, having money ready to lose, if we have it it doesn't matter if we lose, because that money was destined for it, the bad thing is when you have money that is committed and you lose, there This is where the problems begin, there are some who are confused with tadging, they think that trading is like gabling and they also lose money, these types of things are what we must always consider to avoid losing money.