Re:Coinbase stock lost over 75% value
by lupire on Monday May 09, 2022 @11:48PM
(#31323229)
Day trading is not investing.
[ Parent
| on HN ]
By what measure? I move money around trying to grow it. That's investing.
> expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property
None of that says "long term"
According to the SEC, day trading is not itself a form of investment due to the lack of fundamental analysis, a lack of long term thinking, a bigger focus on price movements and a more technical approach.
But of course, by a number of other definitions, it is. It really just depends on what yours or someone else's frame of reference is.
Comment sets itself up for a reply about casinos.
Insert obligatory "at the rate I'm going" joke here.
Beanie babies are investing. Poor investing is still investing.
Re:Coinbase stock lost over 75% value
by original_idea on Monday May 09, 2022 @11:56PM
(#31323273)
"hacking is not cracking"....
if you're going to be pedantic, at least add something to the conversation.