I said that investing is similar to gambling in that it involves a certain degree of risk. I differentiate between gambling, which is a recreational activity that can become a behavioral addiction, and investing, which is a productive practice in which the risk level can be reduced depending on the individual investor's skills, his ability to develop a realistic business plan, and his readiness to work towards it later. Please don't interpret my words with ideas I didn't intend. I believe my meaning is clear and does not require much interpretation.
No, gambling is nothing like investing. When I place a bet in gambling, I already accept that I might lose this money today. And I will not be too upset about it because I am prepared for that.
When you invest in decentralized assets there is a hope for you to make money from the asset when it is time to sell, but you can't have such confidence in gambling, because gambling is very difficult for you to know the kind of money you are going to achieve. Food stuff is a good business you can use any amount of money to start to enjoy what will be coming as a profit, and it will give you access to generate more profits that will give you access to add other businesses that will boost your wealth.
It can never be accurate to compare investing in digital assets with other types of investments. Investing in bitcoin for example means that you buy bitcoin and wait for the price to rise to make profits (can be similar to investing in real estates). But when it's about productive projects, it means you will bring added value to the market. Investing in those kinds of assets can be considered as passive investment since you have nothing to but wait for the price to go up.
They might be that the same on being an investment but its true that these categories would be that different to each other when it comes to approach or the system that you would be using on applying out your strategies on which of course its definitely literally that not the same in comparing into those traditional investments or business out there. Proper planning and execution will be that recommended or else you would be just that ending up on failure if you dont be able to handle it well. Investing neither into those traditional or online assets then it will be that depending into your preference and applying up some risks tolerance. Starting up the most challenging thing on which getting profits on whether on business or investment. Proper planning plus that have the ability on applying into those learnings that you had been able to encounter along the way.
Yeah, the advantage of having the right sets of knowledge is you can anticipate much better, you can perform and executes whatever your desire about the business that you are in to, unlike with no ideas about how business will work the chance of losing is not by far, it's always your own understanding that matters and will help you to reach your goals, never put yourself into a situation where you are just leaning with luck, it might turned to a waste of everything if you messed up.
Luck factor could also be that helpful but of course you wouldnt be just that relying with that all the t ime specially when running up a business. You would be needing up that proper planning,
decision making and fund management on which these are very crucial when you are running up a campaign. You cant just that make yourself that put up some money without having
that proper preparation or the decisions you would be that making. You wont be that making yourself that be trying out to be careless because every possible bad move will cause you
losing up money on which it would be that giving out that effect on the entire business.