Where exactly is the line between investment, speculation and gambling?
投资、投机和赌博，边界到底在哪？
投资、投机和赌博，边界到底在哪？
Where exactly is the line between investment, speculation and gambling?
投资、投机和赌博，边界到底在哪？
>>62591475
Faith in Jesus Christ.
信仰耶稣基督（Jesus Christ）。
>>62591484
I wouldn't gamble my soul on him.
我不会拿灵魂在他身上赌一把。
>>62591475
i made this one
这个我做的
>club penguin anvil (redesign not the og version)
>企鹅俱乐部（Club Penguin）铁砧（Anvil），重制版不是原版
>first appearance in Bean Counters then used in Jet Pack Adventure followed by Smoothie Smash
>首次亮相于《数豆员》（Bean Counters），之后出现在《喷气背包冒险》（Jet Pack Adventure），再后来是《冰沙大作战》（Smoothie Smash）
Speculation is when you buy or sell based on analysing prices. Nvidia go up. I buy nvidia because nvidia always go up.
投机就是分析价格后买卖。英伟达（Nvidia）涨。我买英伟达，因为英伟达永远涨。
Investing is when you analyse the underlying value of the asset and buy for long term
投资是分析资产的内在价值，然后长期持有。
Gambling is short term high risk based on chance where nuch of the reward is in the feeling of adrenaline. Maybe fed will or wont cut, no way to know in advance its a coin flip. but I short gold and lets see what happens wow this is so exciting
赌博就是短期高风险、纯靠运气，而且很大一部分"回报"来自肾上腺素飙升。联储降不降息事先根本没法知道，跟抛硬币一样。但我做空了黄金，看会发生什么吧，哇太刺激了
>>62591475
That line is so far from us that you can barely see it from here.
那条线离我们太远了，从这里几乎看不见。
>>62591475
>Investment
When you buy because you believe in the financial product or its field
你因为相信这个金融产品或它所在领域才买入
>Speculation
When you buy simple because you assume it could increase in valuation
你单纯因为觉得它会涨价才买入
>Gambling
When you're unsure about your gamble
当你对自己的赌博心里没底时
Basically: The firmer your resolution regarding a financial product, the closer it is to investing.
简单说：你对某个金融产品的决心越坚定，就越接近投资
>>62591475
Is there a line?
有界线吗？
Insider information.
内幕消息。
You're welcome
不客气。
>>62591885
What if I gamble one investment?
要是我拿一笔投资去赌呢？
>>62591475
Everything is gambling
一切都是赌博。
>>62591475
Stop loss
止损。
>>62591475
Investment is if you have enough money and contacts to manipulate the market or insider trade
投资就是你有足够多的钱和人脉去操纵市场或进行内幕交易
Speculation is if you have enough money but you lack the power to manipulate the market as hard
投机就是你有足够多的钱，但没那么大能耐去操纵市场
Gambling is essentially what we all do. Maybe even worse, gamblers don't get highly paid faggots with sub 50% hit rate that retrospectively explains every result as logical and predictable
赌博说到底就是我们所有人都在干的事。甚至也许更糟：赌徒可没有高薪废物，命中率不到50%，事后还把每个结果都解释得头头是道、仿佛早有预料
when a companies pe ratio is negative you're investing. when it's at nvda levels you're gambling
公司市盈率为负的时候你是在投资，到英伟达(NVDA)那水平的时候你是在赌博
>>62592430
I opened a new perp account on August 1st for funsies
8月1号我开了个新的永续账户玩玩
I have 32 winning positions out of a total of 50 opened with a +$500 pnl
我开了50个仓位，其中32个盈利，总盈亏+500美元
Am I still a gambler if my hit rate is 66%?
我胜率66%的话还算是赌徒吗？
>>62592494
>i won a coin flip 66% of the time im a genius
>我抛硬币赢了66%，简直是天才
you need 10's of thousands of trades before you get enough data to confirm you have an edge or simply getting lucky
你得先交易个几万次，攒够数据才能判断是真有优势还是纯靠运气
>>62591475
The data that you use to determine whether you should invest and at what price is the difference between investment and speculation.
你用什么数据决定买不买、什么价格买，这就是投资和投机的区别
When you're too lazy to figure it out but throw your money at something anyway it's a gamble.
懒得研究清楚就瞎砸钱，这就是赌博
>>62592491
So you're basically gambling on every single stock in the market right now?
那你现在基本就是在赌市场上的每一只股票？
>>62592349
You can't, that's just a gamble
你做不到，那纯属赌博
>>62591475
When you invest you're actually owning something. When you gamble it's all or nothing.
投资是实打实持有资产；赌博则是要么全赢，要么输光
>>62591484
>Still falling for the 2000 year old desert tales
>还信那套两千年前的沙漠故事呢
In the year 4026 there will be religions about Pokemon.
到4026年，会冒出关于宝可梦(Pokemon)的宗教
>/biz/ doesnt even mention the sharpe ratio
>/biz/ 连夏普比率(Sharpe ratio)都不提
There are nerds that have come up with math that answers your exact question, but this board would rather gamble on crypto
早就有nerd用数学把这问题算明白了，但这版的人宁愿去赌加密货币
>>62591475
Investment = Buying partial ownership into a business, or loaning a business money. Basing your choices on financial metrics. Hoping the business is successful and grows, so you can take part in the profit. (Stocks/Bonds)
投资 = 买入企业部分所有权，或者借钱给企业；根据财务指标做决策；盼着企业成功、成长，然后分一杯羹（股票/债券）
Speculation = Buying a non-cashflowing asset. Hoping it goes up in price based on supply/demand, so you can sell it at a higher price on a later date. (PMs/Crypto)
投机 = 买入不产生现金流的资产；盼着靠供需涨价，以后高价卖出（贵金属/加密货币）
Gambling = Wagering money on a game. You don't own anything. (Casino/Sportsball/Horse-Racing)
赌博 = 拿钱下注玩游戏；你什么都不持有（赌场/球赛/赛马）
>>62591475
Investing is buying BTC, Gambling is bridging it to lend out, the best option is to keep it native like TBV is doing, ensure BTC never leaves Bitcoin.
投资就是买BTC，赌博就是桥接出去借给别人；最好的选择是保持原生，像TBV那样做，确保BTC永远不离开比特币。
>>62591475
Literally just how long it takes
说白了就是看要多久
Investments usually take decades.
投资通常要几十年。
Speculation lasts until hope runs out
投机持续到希望耗尽。
Gambling gives instant results
赌博立竿见影。
>>62595512
all corporations you hate so much were investing for centuries
你们恨之入骨的那些企业可是投了几个世纪了。
>>62591484
based
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