Investment and speculation are different; these two are verbs, stemming from your motivation.

Markets and casinos are indistinguishable; these two are nouns, and capital markets should be neutral, third-party, and decentralized.

Your intent will determine whether you are trading in the market or gambling in the casino.

This also directly affects the results you achieve.

Investment and speculation are verbs defined by your motives.

Market and casino are neutral nouns – a true capital market should be decentralized and impartial.

Your intent determines whether you’re trading in a market or gambling in a casino.

And that intent dictates your outcome.

Hyperliquid.