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The difference between investing and speculating
With Bitcoin cracking $2,500 per coin recently, it seems everyone has an opinion on what the future of the cryptocurrency is and whether it is a worthwhile investment. The hard truth though is that no one with an opinion on bitcoin is making an informed decision. Rather they are all speculating, not investing. While there can never be an investment free of any speculation (nothing is guaranteed and has perfect information), recently society has blurred the lines of what qualifies as an investment. An investment is based on information that justifies either an increase or decrease in value, whereas speculation…
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