Crypto Selloff

[Tenshot13]

The stock market, as a whole, is itself gambling.

There is functionally no difference between "I think Tesla stock will rise" and "I think the Chiefs will win on Sunday."

Yeah I agree for the most part.  Cryptocurrency is a more volatile version.

[Dave Gray]

^ I disagree.

I accept your point that there is some level of risk in both, but "I think the Chiefs will win on Sunday" have odds attached to it in a way that stocks don't.

Generally speaking, stocks (as a collection) grow as our economy grows.  It's not a 50/50 guess like it is with football.

Any one stock could fall to 0.  But a portfolio is a proven value given a long enough timeline.

[MyGodWearsAHoodie]

The stock market, as a whole, is itself gambling.

There is functionally no difference between "I think Tesla stock will rise" and "I think the Chiefs will win on Sunday."

For day traders, yes.  For long term investors, no.