Investing in cryptocurrency is gambling - Analyst

Investing in anything directly without knowing what you are doing is gambling.

Crypto and Equities aren't any different in that regard.
 
“You may get it spectacularly right and retire a decade or two early, but you will, at some point, get it very, very, very spectacularly wrong,” said Zietsman.
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Trading platforms provide the tools to prevent it going spectacularly wrong. Decide how much % loss you're willing to incur and set your stop-losses accordingly. Risk management.

The comparison to gambling is also a bit sensationalist.
I don't know what the roulette wheel will land on or what cards I'll get dealt.
With crypto I at least have the benefit of:

â—Ź Information regarding a project - website, whitepaper, community percetptions etc.
â—Ź A wide range of opinions on the project
â—Ź Charts that allow a more informed decision to be made

I can understand people having a disagreement about the fundamental value of the underlying asset (cryptocurrencies), but the way in which these assets are traded and exchanged is a far cry from the randomness of gambling.
 
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and? whats the point here, why not say investing is a gamble. **** happens.
 
Compared to investing on the JSE which everybody knows is an exact science :rolleyes:
****, I gambled when I got married.
 
Nice that PortfolioMetrix is able to guarantee returns:crylaugh:
 
supersunbird said:
Yes, but there you can have a diversified portfolio over 1000s of companies and many different geographies and many currencies.

Crypto is just currencies.
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Cryptos a lot more than just currencies, its companies, apps, platforms, streaming services, accounting, shipping, payroll, cloud storage, solar etc etc etc;)
 
Temujin said:
Cryptos a lot more than just currencies, its companies, apps, platforms, streaming services, accounting, shipping, payroll, cloud storage, solar etc etc etc;)
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None of which has anything to do with a crypto-currency's value. I agree it's gambling as there is no way whatsoever to predict the movements of value. Often volatile, for no apparent reason.
 
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