[mdavis6890]

No it is not, at all. Investments [are believed to] have intrinsic value that may be realized over time. I DO NOT need to sell an investment to make money on it. It is this belief in enduring value creation that gives an investment its present value, and certainly I can buy or sell the investment at any time based on this present value. Circumstances can change the relationship between the value creation and present value, and give me more opportunities to exit an investment profitably, if I want to.

But an investment is a belief in enduring value creation, not a belief in selling to a greater fool, or selling at all.

This is why (for the most part) gold, currencies and other 'stores of value' ARE NOT investments, in the proper sense.

[pid_0]

>I DO NOT need to sell an investment to make money on it.

You literally cannot make money from an investment without selling it (sans dividends, rent, etc but thats not really what we are talking about)

In the case of BTC and TSLA, people are ONLY buying it because they expect it to go up, and then they will sell to someone "idiot"

[belltaco]

Why does it necessarily have to be an idiot? If you bought a home in 2000, and you sell it today for 4 times the cost to someone that wants to live in it, are they an idiot?