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by kbaker 3489 days ago
Why can't it be both? Isn't "investing" in the stock market also gambling?

Bitcoin is a pretty great investment asset actually, since there is a finite, limited supply, and any sum can be transferred nearly instantaneously.

1 comments

The difference is in expectation of return. In retrospect, bitcoin is a great "investment," but looking at the hundreds of other failed cryptocurrencies it's clear that early buyers of bitcoin got extremely lucky.

It's the same as seed stage startup "investing," which is likewise really gambling, and you either have to diversify heavily, get very lucky, or have the ability to influence the outcome yourself to win in the long run.