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by kolinko
2999 days ago
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In case of the top ~100 cryptos/tokens, there is usually an external factor. Besides that, the distinction between speculation and investment is not as clear as you say. By your definition, there is no such thing as "investing in art" - only "art speculation". The definition of investment/speculation I prefer is whether the asset purchase is based on economic reasoning, or emotional reasoning. The latter is people buying "because the charts are growing", or "because the market is hot but will be hotter", or using technical analysis voodoo. If you have a basis for your purchase price that is not connected to historic price charts, you're an investor. |
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Investing in art happens all the time. Movie companies do it reliably when they create or purchase films with the hope of generating both economic value (that is, enjoyment) and long-term profit. Music companies do it when they give a band money to make a new album. Touring art shows could also be seen as an investment where they acquire assets and then generate value (that is, viewership) with them. But yes, buying and storing paintings in hopes they will be worth more later is speculation.