Gambling vs investing

Discussion in 'Ask any question!' started by Mario29, Jul 26, 2020.

  1. Ridestock

    Ridestock Member

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    If you purely want to just gamble on a big payout, then I would go with otc stocks. They are super risky unregulated manipulated non-sense, but I would watch the boards and buy what they are buying. You are basically buying into market manipulation, so if you can find out what they are about to pump and go along for the ride, then you might make something. Play it like a lotto scratch off ticket.
     
  2. TomB16

    TomB16 Well-Known Member

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    Remember: it's not gambling if you always win. :thumbsup:
     
  3. TomB16

    TomB16 Well-Known Member

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    How much time are we talking about? I can aquire the $5 but I need a livable income from it by the end of the school year so I can get a car and apartment. It would probably be possible to start with $20K and $10K for each month after that until it builds up.

    This is why I prefer crypto. With a slow system, I might even be forced to get a job. My gawd.
     
  4. Rayak

    Rayak Active Member

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    My take on the link you posted is that is has nothing to do with investing and may contain malware and other cyberhazards for unsuspecting and/or unprotected users.

     
    #24 Rayak, Aug 1, 2024
    Last edited by a moderator: Aug 2, 2024
  5. T0rm3nted

    T0rm3nted Moderator
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    Thanks, I removed the post.
     
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  6. TomB16

    TomB16 Well-Known Member

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    Almost everybody is compelled to gamble. I'm fortunate to not have that compulsion but I have learned I'm in the minority.

    Nobody wants to save and invest. You put 100 bucks into an account and you have $100.13 by the end of the year. It's like watching paint dry. People want to get rich quicker than that.

    But, here's the thing... if you can save and invest wisely, investing can be wildlyfulfilling. When you look into your account and see $100K, $1M, or whatever, you can know you earned every damn cent of that money through both saving and investing. You made that.

    Saving and investing is one hell of a rope to climb but it is extremely addicting if you can stump through the deadly boredom of the early years.

    Unfortunately, like climbing a rope, if you let go for a moment you find yourself at ground level in about a microsecond. 10 years of hard saving can be wiped out in a few months or even an afternoon with a few clicks of a certain win.

    Stay strong, my investing friends. For you gambling folks, I wish you good luck and happy days.
     
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  7. joantucker

    joantucker New Member

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    I know it's been a while, but I think there's a pretty big difference when it comes to gambling vs investing. Gambling is mostly about luck; you can win big, but you can also lose it just as quickly. It’s fun but risky, and you don’t have much control over the outcome. Investing, on the other hand, is more about growing your money over time. You do have risks, but you can make more informed choices, and it’s generally about patience and strategy. With investing, there’s more control, especially if you do your homework and pick the right options. If you want to try something more thrilling, gambling is your thing. For a deep dive into online gambling, check out non-ukcasinos.org for some insights!
     
    #27 joantucker, Dec 5, 2024
    Last edited: Dec 9, 2024
  8. Rayak

    Rayak Active Member

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    Depending on one's strategy, yes - and their definition of "investing".

    Some people consider their knife collection, or their watch collection - an investment. And in some cases, maybe it is. We have prominent members here who are art investors.

    There are also those into trading who consider themselves investors.

    So whether your statement (below) is true or not, comes down to semantics and definitions of specific terms - perhaps even perceptions?

     

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