CRYPTO IS MORE OF GAMBLING THAN AN INVESTMENT - MARK CUBAN
Regarding whether or not cryptocurrency is a wise investment, even those in the know are unable to agree. While some well-known billionaires, such as Elon Musk, have publicly endorsed cryptocurrencies such as DOGE and BTC on social media, other notable investors, including Charlie Munger and Warren Buffett, have publicly expressed their disapproval of the innovation.
Some would even argue that cryptocurrency is more of a gamble than an investment due to its extreme risk. In addition, there are a few things you have to be aware of between investing and gambling before making a crypto purchase.
So how to understand u are investing or gambling?
Investing includes these components:
1. Investments Are Long-Term, While Gambling Is Short-Term (Scalpers how are u doing?) No get rich quick program. Patience and long term vision.
2. Investing Is Taking Calculated Risks (50X futures saying u hello). Understanding the volatile nature and taking profits without greed and cutting loses.
3. Where You Invest Matters (Memecoin or shit coins buyers greetings). Buying well know and stable coins such as BTC, ETH, XRP, SUI etc instead of Floki, Boki Joki or Trump)
