Is the difference between gambling and investing the time frame? 🤔
Discussion
Yes?
Random thought
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If I set a buy at 5× leverage and take profit at 120k is that investing or gambling?
Don't get me wrong, setting a buy/sell at 100× leverage is clearly gambling.... but definitely fun. 🤣😅
Leverage is gambling. Fr sure
I mean if I gamble at a casino over a long enough time frame is that investing? Prob not
You could say that you're investing in the casinos future to stay in business, and in return, you get a good time?
🤣🤷
Hey, I'm just here for the free drinks, buffet, and rooms. It just took me losing all my money to get it.
Sit at a table and ask who's on host duty.
If you lose or win enough you'll get that stuff free. 😅
Personally, I like crab legs dunked in cheap plastic butter cups. Similar to the grinch, my waste normally grows 3 sizes on that day. After buffet, I go observe the infinite doom pull loop and smoke cigs with 93 old ladies
Gambling = the house always wins
Investing = the house usually wins
This
Investing = you win over a long period of time.
What you posted is so infuriatingly wrong.
That what it's a question 😅
Replying to Phil.
Gambling = placing bets for the sole purpose of a potential return, often with a negative edge
Investing = long term thinking. Placing money into business(es) that have long term growth potential and cash flow
You’re mostly all in on BTC right? It’s proven itself to be an investment.
I didn’t mean to be infuriating.
I thunk we are all just goofing around tho. None of this is serious.
bitcoin --> I AM THE HOUSE NOW
😝
Managed risk
Unfortunately, I always feel like I am gambling. Even when investing, nothing is guaranteed.
No.
Gambling usually has negative edge.
☝🏼this. gambling has negative edge. investing (at least in theory) has positive edge.
Gambling if you sell
Wise investment if you hodl
An investment is when, after you have done your research and the math, you have a positive expected value of a return.
Gambling is when, after you have done your research and the math, you have a negative expected value of a return. Or you didn’t do the research and the math.
People gamble dispite the belief of a negative return because it would just be so damn great if I did win all that money. They either overlook the reality or treat it like entertainment.