Honestly, anyone playing such “get rich quick” investing games with crypto needs to be honest with themselves that maybe they’ve got a gambling problem.

Gambling is what it is. Putting your life savings in it is stupid, but if you put a bit in, it's a better gamble than putting it on the horses.

[–] SnotFlickerman@lemmy.blahaj.zone 4 points 11 months ago* (last edited 11 months ago)

Agreed, which is why I labelled it a "problem." I go gambling very rarely, but sometimes I do when I have a spare $80 that I don't mind pissing away. But once that $80 is gone, I'm done, and I stop. I also stop when I've made at least 200% profit (I've very rarely made it that high). It's a good point to stop if you want to do well the few times you do win.

Gambling isn't the problem as much as the addiction to it and an industry which purposefully makes it more addictive.

[–] Honytawk@lemmy.zip 2 points 11 months ago (1 children)

It is much better to invest in a company than it is to invest in crypto.

Because the money gets actually used to improve the company and society, instead of being stuffed into a sock and doing nothing.

[–] Devi@beehaw.org 1 points 11 months ago

Is gambling investing in a company?