I was listening to nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z talking to nostr:npub1pyp9fqq60689ppds9ec3vghsm7s6s4grfya0y342g2hs3a0y6t0segc0qq on his podcast today and they covered speculation vs investing.

Preston defined people picking up something to sell it for a fiat gain as speculation. The context was there are people buying long bonds right now because they may catch a short term bid (speculation). They don't buy them to hold them because they are good asset with good fundamentals (investing).

What hit me is that I think #btc has turned a lot of speculators into investors. I'm not buying it to turn a quick fiat profit. I'm buying #btc because I think it is good for the long run.