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Abraham wrote:Call it what you will - it's stil gambling.

I'm not an anti-gambling kinda guy.

I'm invested in a number of things, and yep, I could lose my shirt.

Or, make good money. Not great money, my investments are conservative.

One thing though, bandwagon investing isn't for me...

IMHO, the term "gambling" is a bit loaded. If you use it to mean something where you could lose financial wealth, then the only people who aren't "gambling" are those with no financial wealth, whatsoever. In that context, "gambling" would include holding wealth in gold, silver, commodities, guns, bullets, and even US Dollars stuffed in a secure vault. Using the term so broadly takes away all relevance, and distinction between "gambling" and "investing". As long as we all understand what we are saying, that is fine. But just like telling someone they are ignorant when they have not been educated on a subject, the term "gambling" can easily be misunderstood.

It's all about risk versus reward. When you are investing, gambling, speculating, etc., you can choose to accept a lower potential reward for a lower risk level, or a higher potential reward with a higher risk level.

1911 Raptor wrote: History is lined with failures of UNHACKABLE claims. I am against using terms that just aren’t sustainable. If man made it it can be broken and that has been proven over and over again. Man is fallable which means anything he creates is fallable. How long it takes to expose the vulnerabilities well that is anyone’s guess but the vulnerabilities do exist since man is fallable.

My bank accounts are protected and insured and I have recourse if they are hacked or stolen. I have had a debit card compromised and my account emptied but guess what it was replaced once I filed. Can you say the same about crypto currency accounts?

Your bank account insurance was designed by man, and not God, correct? If so, then your statement does not pass the logic test.

AndyC wrote:I was really hoping that this thread could stir discussions in cryptos to look out for, share successes etc - I really didn't expect the non-stop negativity towards something others are enjoying.

As far as I'm concerned, you lot do what you want - if you're not involved in crypto then DON'T GET INVOLVED, but I'm really tired of all the slamming so I'm now out.

Unfortunately, that seems to be a prevalent attitude on this board. I think it is just part of human nature to think that your way is the best / only way and slam anyone who decides differently. While this sort of attitude is certainly understandable it effectively also cuts off reasonable discussion on things like open versus conceal carry, caliber, etc. Respectful disagreement is fine, but far too often I see it crossing the line to people calling other's choices "dumb", or worse, just because they choose to do something different.