Is Speculating Bad? The Truth That No One Tells You About Speculation in Economics, Trading, and Binance
When you hear the word "speculation", what do you imagine?
📉 Risk?
💰 Greed?
🤯 Taking risks without thinking?
Stop right there! Because speculation is not what many believe. And if you are in the world of trading, cryptocurrencies, or Binance, you need to understand how this key concept in modern economics really works.
🔎 What is speculation?
In simple terms, speculating is anticipating the future with the intention of making a profit.
Whether buying Bitcoin because "you think it will go up", or investing in an altcoin because "it seems like it will pump", you are speculating.