You have to keep buying lottery tickets.
I don’t have to keep buying Bitcoin.
Lottery tickets is a tax on the poor.
Bitcoin is an asset for anyone. You just buy and hold, and don’t look at it everyday.
I’m up 1,400% in just over 4 years.
What other investment are you going to get those type of returns?
I get you call assets lottery tickets, and everything is bet.
The difference between a bet and an investment is time.
Bets are settled quick while investments are for a long time.
The difference between a bet and an investment is time.
Bets are settled quick while investments are for a long time.
Time is not the element.
I have bought items because I knew their worth and flipped it the next day because I knew value and a buyer.
Risk and reward are key. I don’t buy lottery tickets or bitcoin because it is a gamble. I have no control of the “investment” But that is me.
Investment is managing risk and reward. I have been sold too many hot “investments” in my time. Paid for my education. You will get your paid education also.
You really need to study the Wealth of Nations by Adam Smith. It does require deep thinking.
You really need to think about Bit coin. It was sold as a medium of exchange. Yet everyone like YOU view it as a lottery ticket/rare tulip. There is a disconnect.