What is speculation? #波段交易策略
Run when it rises, cut losses when it falls, if lucky, make some profit; if unlucky, accept the loss. To put it simply, speculation is like gambling, relying on vision, emotions, and market trends, depending on luck and momentum.
What is investment?
Choose the right project, select a good price, and then hold it for the long term. With time extending and a low position, making money becomes easier.
How to distinguish between investment and speculation?
Strictly speaking, in the cryptocurrency world, the only asset that can truly be called an 'investment' is probably Bitcoin. Most others, fundamentally, are still speculation. Just remember this point.
However, many people tend to confuse the two. For example, they set long-term positions in meme coins; after losing money, they go on to criticize others. Ultimately, they are treating speculation as investment, and end up confused themselves.