Hacker News new | ask | show | jobs
by giaour 1501 days ago
"Betting 10K on black" was meant to be a metaphor for buying 10K of cryptocurrency. Just like there are professional cryptocurrency traders, there are professional gamblers, but everyone else playing the game is expected to lose money to the sharks.

The example you provide of purchasing a fragile collectible is similar; almost all collectibles (be they fine art, beanie babies, or NFTs) lose value, so purchasing one is very much a bet.

1 comments

You can not professionally bet on black. What you think of as professional gamblers is probably something like poker that has nothing to do with a high risk/reward investment/speculation. Anyway you try really hard to not understand what I said so if you insist that high risk/reward means it must be gambling and the risk to loose everything must so much higher than winning anything then you simply dont know of any good opportunity. Might be side effect of dismissing everything at first sight. Either way I wont reply any further.