Gambling of the Crypto Universe
Hi there!
This is crypto universe oversimplified!
Don’t forget to check out the previous one:
https://medium.com/coinmonks/threats-of-the-crypto-universe-e04d49e9480e
Today, we are talking about gambling in the Crypto Universe.
People may always pursue you to invest in Crypto, but ultimately, it is more gambling than an investment.
The line between gambling, speculation, and investment has become more blurred than ever.
Investment
I believe the investment is a 51% winning rate vs. a 49% loss rate. Speculation is a 50%-50% chance of winning, and gambling is a 49% winning rate vs. a 51% loss rate.
The stock market is gambling since you put your money and let the market drive itself. Sometimes it is speculation, even those there is news going the market up and down.
High Risk
High risk does not translate into high rewards automatically. High risk means your investment will be gone with certainty. The higher the risk, the ensure your money will be gone.
Crypto Investment
Crypto is a more risky speculative gambling that you will surely lose if you do not carefully understand what it is and how it works.
No indication invest in Crypto will make you a fortune.
Instead, many people lost, and the hype has covered more on the winning side. It is undoubtedly gambling.
Why Crypto Investment
It is only viable if you can afford to invest in losing all your investment. That being said, it is an insurance policy to hedge the uncertain future of the fiat currency.
However, even the insurance analogy is speculative.
For newbies
If you are new to the Crypto Universe, you should not spend money purchasing cryptos. Instead, it would help if you stood by to understand the whole Crypto Universe before purchasing your first Crypto.
In conclusion
Everything I said is purely for educational purposes rather than financial advice.
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