How Do You Know You Are Investing And Not Gambling?
The subject on money is an infinite one as everything that has to do with it is never ending, always filled with more and you'd g actually get it if you go for it.
I still find myself gambling especially recently after two years and yeah, the resulted to the topic and I'm only left with questions that I'm not asking but there'd be no contradiction as I live the life that I do. When you know how responsible you are to yourself first, you get to make decisions that best favours you although know that moving alone is not viable.
The word 'investor' is being thrown around like manna falling from the sky. I'd be guilty right here right now. We all want the best and sometimes neglect the truth. Profit and loss are inevitable when it comes to money and bad decisions can be taken but what's not possible is when you know you gambling. Certainly we don't mean putting money in a project then the project fails.
The disparity between investing and gambling is awareness; knowing that you'd make more money or you'd loss all the money. Due to the fact that crypto is involved in the subject matter, gambling is also involved. Gambling involves a 1% chance if winning and you decide however to put your money down on the slim chance. The fact that in crypto, you don't DYOR, learn from facts and make rational decisions, you gamble away in crypto. Information just shows how much can be learnt if you want to know.
Investment And Gamble
When money is put down for a project with certainty of getting your money back over a period of time is investing and it doesn't involve loss of money except bad decision is made by not knowing entirely about a prospect. Could gambling be as a result of wanting more? Certainly it is just the same way investing results in wanting more. The main difference is the losses accompanied by each of them.
I'd stick with investing than gambling as gambling would only tell you to bet what you can lose and you invest what you don't need immediately.
To both invest and gamble, you simply need to give, give what you can afford and exactly we can be greedy for both because who would t want more added to what they have available. What's the essence of investing, it's simply to have mkrr.
How do you know you are investing and not gambling?
Money is lost. Even a gambler might even use the word 'invest' and certainly he isn't wrong until you realise he's aware of not getting the money back and the wrist kind are those that want to get their money back by putting more money.
Thanks for visiting my blog, till next time.
