Speculation: Run when it rises, cut losses when it falls, if you make money, you're lucky; if you lose, you have to accept fate. Speculation is just a gamble, relying on luck and trends to make money.

Investment: Good assets at good prices, holding for the long term, looking at it over an extended period is always at the bottom.

How to distinguish between investment and speculation? To be strict, in the crypto world, only BTC is an investment; everything else is speculation, which should be easy to remember.

But many people confuse the two, for example, trying to invest in memes and then blaming others when they lose.