Saw a tweet where someone was talking to their uber driver and the discussion turned to crypto, the driver told them about a buddy of his who "invested" all his savings - $60k in doge at $0.6.

At this point when you're putting up money because you trust a billionaire's tweets, it's not really investment.

Come to think of it Investment is a highly evolved form of gambling. A gambler calculates their odds based on simple statistics; an investor does the same based on complex algorithms.

So, what is the difference between a gambler and an investor?

Since both deal with statistics with varying levels of complexity, what makes a starched white collar different from the greasy haired dude trying his luck in Vegas?

• The human factor

A gambler takes into effect human behavior. Whether it is the twitch of a bad poker player or gauging the influence of Elon Musk on crypto. The problem is that in crypto, you will never know the people behind the scenes. The whales, government regulators, hedge funds that manipulate the price will always remain hidden.

While I know a lot of investors take into account news, and founding team portfolio, those would be more factual and easier to quantify than the human tendency for greed and power.

The most successful investors are not those that get swayed by public sentiment but those that anticipate it based on cold hard facts.

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