this post was submitted on 25 Jun 2024
295 points (93.5% liked)

Greentext

4610 readers
1370 users here now

This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

Be warned:

If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 19 points 6 months ago (1 children)

Investments are not effort-to-profit. They are risk-to-profit.

There is no such a thing as risk-free investing. If there is an investment with good returns, it means it's just as easy to lose all that money.

[–] [email protected] 1 points 6 months ago* (last edited 6 months ago) (1 children)

This is not investing. I did not ever hold significant amounts of cryptocurrency. People would ask me to sell them crypto and then I'd buy it on a crypto exchange and then sell it to them.

I do not believe holding cryptocurrency qualifies as "investing". It is much closer to gambling as the entire valuation is purely speculative. I get that all investing is gambling to some extent, but it's not the same as stocks, for example, because holding stocks gives you voting rights for a company's board of directors and entitles you to a portion of the company's profits in the form of dividends.

There is risk, of course, but it is not market risk.

[–] [email protected] 1 points 6 months ago (1 children)

Don't call it investment if you don't want to, but there's no such thing as easy money.

If there's a way to earn money with little effort it means that there's a big risk.

[–] [email protected] 4 points 6 months ago

As stated in the previous comment:

There is risk, of course, but it is not market risk

I understand and agree with everything you said.