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Anon is your financial advisor
(sh.itjust.works)
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this post was submitted on 25 Jun 2024
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This is not investing. I did not ever hold significant amounts of cryptocurrency. People would ask me to sell them crypto and then I'd buy it on a crypto exchange and then sell it to them.
I do not believe holding cryptocurrency qualifies as "investing". It is much closer to gambling as the entire valuation is purely speculative. I get that all investing is gambling to some extent, but it's not the same as stocks, for example, because holding stocks gives you voting rights for a company's board of directors and entitles you to a portion of the company's profits in the form of dividends.
There is risk, of course, but it is not market risk.
Don't call it investment if you don't want to, but there's no such thing as easy money.
If there's a way to earn money with little effort it means that there's a big risk.
As stated in the previous comment:
I understand and agree with everything you said.