Greentext

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This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

Be warned:

Anon is often crazy.
Anon is often depressed.
Anon frequently shares thoughts that are immature, offensive, or incomprehensible.

If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.

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Early_To_Risa@sh.itjust.works

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Anon is your financial advisor (sh.itjust.works)

submitted 5 months ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] NateNate60@lemmy.world 0 points 5 months ago* (last edited 5 months ago) (1 children)

This is not investing. I did not ever hold significant amounts of cryptocurrency. People would ask me to sell them crypto and then I'd buy it on a crypto exchange and then sell it to them.

I do not believe holding cryptocurrency qualifies as "investing". It is much closer to gambling as the entire valuation is purely speculative. I get that all investing is gambling to some extent, but it's not the same as stocks, for example, because holding stocks gives you voting rights for a company's board of directors and entitles you to a portion of the company's profits in the form of dividends.

There is risk, of course, but it is not market risk.

[–] calcopiritus@lemmy.world 1 points 5 months ago (1 children)

Don't call it investment if you don't want to, but there's no such thing as easy money.

If there's a way to earn money with little effort it means that there's a big risk.

[–] NateNate60@lemmy.world 3 points 5 months ago

As stated in the previous comment:

There is risk, of course, but it is not market risk

I understand and agree with everything you said.