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

[libert19]

Investing since I usually buy and hold coins. But, truth be told I also don't know what I am doing at times, so may be you could also put it under "speculating".

[Peter90]

Investing since I usually buy and hold coins. But, truth be told I also don't know what I am doing at times, so may be you could also put it under "speculating".

Another bad apple! 

The difference between those 5 "behaviours" isn't a clear cut.
Besides, each one of us sometimes does the one and sometimes does the other.

[ajiz138]

Sometimes we think it's easy, yes, logically with small but consistent profits it can be easier to achieve. But in reality it is not easy at all, because sometimes on the way there are things that make us have to experience losses.

There is no term of easy profits, specifically in trading. We know trading is a complicated thing, that's why people must take a serious lesson before starting trading. Sure, we may have higher chance of losses without proper knowledge. So, it is too risky to trade without serious lesson.

Yes, I said it looks easy, but in practice it is not easy at all. Even to get a small profit it must go through a long process, especially if we want to get it consistently.

Even professional traders, I am sure they have been at this stage, at a stage where they experience more losses, but they do not give up and continue to learn from experience.

[Sim_card]

Investing since I usually buy and hold coins. But, truth be told I also don't know what I am doing at times, so may be you could also put it under "speculating".

You are doing the right thing to buy and hodli, and as long as you keep on increasing your portfolio overtime, there is a bigger picture of hope in the future. I am not good at trading and that's why I decided to hodli and not mess around with my bitcoin so that I don't lose it.

[libert19]

Investing since I usually buy and hold coins. But, truth be told I also don't know what I am doing at times, so may be you could also put it under "speculating".

You are doing the right thing to buy and hodli, and as long as you keep on increasing your portfolio overtime, there is a bigger picture of hope in the future. I am not good at trading and that's why I decided to hodli and not mess around with my bitcoin so that I don't lose it.

It's mostly alts holding but I do plan to swap profits into BTC because obviously alts are not to be trusted long term (except stablecoins). I also do spot hold because I suck at trading — if I were to trade, my portfolio would have been wiped out already in current dump lol.

[pawel7777]

(...) I also do spot hold because I suck at trading — if I were to trade, my portfolio would have been wiped out already in current dump lol.

It's good that you recognise that. Most people are deluded when it comes to assessing their own abilities and the stats show that the vast majority of active traders lose money.
Timing of the market is easy only on the past charts, i.e. thinking "I could've bought here and sold there", but predicting the future is much trickier.

[Didia Sofunichi]

To save means to set aside some money or assets for future use.

 To invest means to buy assets , goods or services with the hope of reselling them in the future and making profit.

To speculate means to make future projections about the cost of goods and services.

Gambling on the other hand is an unrealistic way of money doubling with slim chances of success.

[Peter90]

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

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

There was a topic a couple of days ago I've gone through recently, TBH OP if you believe in long-term financial planning Savings, Investing is super important and under-investment trading is an option.

It does matter if you believe in breaking through your financial cycle because you need to make some sharp decisions to make the standard of living better. You should not put all your money in one basket of these like you should avoid saving all because saving all the money cant help you as inflation is still there, At the same time investing all the money is also not preferred as you always need some stable emergency funds.

I have no idea what is a financial cycle Hamza... but yes, I'm a long term kind of guy.
That's why I'm all for gold backed digital currencies!

[Mr. Magkaisa]

        -       Saving and investing are the two that the majority of the crypto community is doing these days and include me here of course, because apart from the fact that we are in a bull run, many of us really expect that we will be able to reap a good harvest from the crypto we hold right now.

And we are just waiting for the right time and place when we will actually sell our crypto assets. Because the long-term is really the safest thing
we can do without any hassle.

[JusticeDeGreat]

Investing is the process of growing money overtime.  This is based on money invested with the expectation of positive return inform of income. Any money I put in a spectrum with the aim of gaining income as a return is the investment.

Saving on the other hand means keeping money for future use. An investor does not desire to save money, keep money in a place, because it does not yield good results through saving. Rather he invest in good financial services,  that will bring a return.

[Azharul]

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

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

Cryptocurrency market is always depending on up and down almost every time. So I think that in this situation investing and trading will be very helpful for me. But I think that invest is one of the best profitable source for earning crypto in cryptocurrency market. In this time, if we follow in cryptocurrency market we can see that bitcoin price is increase in $100k up. So I believe that within a short time bitcoin passing $120k. So I think that invest will be very prefer for us in this time.

[milewilda]

Savings - intended for emergency funds, unexpected events.
Investing- Planning out to have that multiple income sources possibility
Speculation- I dont know if this one is trading or not but if yes then this isnt something a skill that you wont be able to obtain a short span of time but if you do then this skill can make you self sustainable.
Gambling- This is really just that for fun and its important that you wont really be getting out with this treatment.

Never make yourself that having that kind of impressions and you should really be knowledgeable on how to differentiate each one of it.

[LUCKMCFLY]

Savings - intended for emergency funds, unexpected events.
Investing- Planning out to have that multiple income sources possibility
Speculation- I dont know if this one is trading or not but if yes then this isnt something a skill that you wont be able to obtain a short span of time but if you do then this skill can make you self sustainable.
Gambling- This is really just that for fun and its important that you wont really be getting out with this treatment.

Never make yourself that having that kind of impressions and you should really be knowledgeable on how to differentiate each one of it.

It's a great thought my friend, the truth is that it is the most summarized and with extreme quality and teaching what you say, if everyone began to think that way everything would be different, and that the games would not be treated like a job as a source of income, which is always the case for the majority of people as they do, because of this type of things is that the majority of players fall into addiction, now I would say that it is something for what you say, speculating and the investment in crypto would already enter much more into the financial plane of wanting to multiply money but with risk.

[milewilda]

Savings - intended for emergency funds, unexpected events.
Investing- Planning out to have that multiple income sources possibility
Speculation- I dont know if this one is trading or not but if yes then this isnt something a skill that you wont be able to obtain a short span of time but if you do then this skill can make you self sustainable.
Gambling- This is really just that for fun and its important that you wont really be getting out with this treatment.

Never make yourself that having that kind of impressions and you should really be knowledgeable on how to differentiate each one of it.

It's a great thought my friend, the truth is that it is the most summarized and with extreme quality and teaching what you say, if everyone began to think that way everything would be different, and that the games would not be treated like a job as a source of income, which is always the case for the majority of people as they do, because of this type of things is that the majority of players fall into addiction, now I would say that it is something for what you say, speculating and the investment in crypto would already enter much more into the financial plane of wanting to multiply money but with risk.

Using up your own common sense and proper thinking will really be that enough on which you will really be that able to avoid possible problems because at the time or moment that you do have those wrong approach into these things then you will be having that very huge mistake. It is really that important that you do really know on what are the things that you would be needing to do at the time that you do deal up with each of these things. Make it sure that the actions made will really be that appropriate because if you do it on the wrong way then it will be having that huge issue and you do make out those regrets at the time that you do experience unfortunate conditions.

[Mr. Magkaisa]

Investing since I usually buy and hold coins. But, truth be told I also don't know what I am doing at times, so may be you could also put it under "speculating".

        -      Sometimes speculation can often lead you on the wrong or right path, right? Now the question is how do we know that we are on the right path of speculation that we will believe in this crypto space, right?

so, of course it will probably depend on the research we will do in this field of crypto space. Which we have a basis for in this matter. Although I still believe that the investment category is still better so that we can get a good and good profit in the future.