Replying to Avatar Chilidem

This is actually what the conversation devolved into. My claim was that anything thought of as an investment is speculation because you're speculating on an asset's worth vs what asset you're trading for it sometime in the future. For instance, housing isn't speculation if used for it's purpose as shelter, but is if used to store wealth in real estate. His claim was that it's only speculation if it done on a short enough timeframe. Holding bitcoin for 3 months is speculation, but holding Berkshire Hathaway for 30 years is not.
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bitbuybyte 2y ago

So by his logic, Bitcoin is not “pure speculation” because many, and I would say most of us, plan to hold out Bitcoin for more than 30 years

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Chilidem 2y ago

Yes, but to me, that makes no sense. You're just speculating on a longer time frame. Also, I have no issue with speculation as, like I said, everything is speculation. Buying the most blue chip stock is still speculation whether on a long or short time frame. Holding the dollar is speculation. Life is speculation. Some just are speculating with better evidence.

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Chilidem 2y ago

I realize I'm speculating by saving in bitcoin vs. the dollar, but I'm more assured knowing that 21M is a hard cap and the dollar has no bottom. Seems like the better savings tool to me. While being fully aware it *could* go to zero.