Most people here aren’t investing, they’re gambling.

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Most people here aren’t investing, they’re gambling.

I think there's a line between investing and gambling in Crypto and that to me seems to be when you put your money in a coin when you have no idea about how it works or why you think it will succeed, just based on hype and hopes that it will. That's gambling to me, whereas you can actually learn about a coin and invest because you believe a certain aspect or quality of it will make it succeed.

That's definitely not what people here are doing though, comments show me that people investing in most coins really have no idea why they've invested other than the fact that the price might go up. That's just like throwing a dice hoping you'll make some money.

The only one people really invest in seems to Bitcoin, since you hear that some people who do put money in it do so for the sake of its decentralization and see it as an asset.

But 99% of the other coins? They literally have no purpose or usecase nor do people who invest in them, then it just becomes a pyramid scheme, hoping others will be foolish enough to put money in it so you can make some money.

Doing some research and choosing your project because of some purpose can help you actually start investing, that's what you have to do if you want to stop gambling blindly, even if it's Bitcoin.

submitted by /u/Elie0_0
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