People confuse speculating with investing all the time.
Speculating = you're betting price goes up
Investing = you believe in long-term value
Both are fine. But which one you're actually doing should completely change how much you put in, how long you hold, and how you react when things dump.
Most people spec but tell themselves they're investing. That's when they get wrecked.
Speculating = you're betting price goes up
Investing = you believe in long-term value
Both are fine. But which one you're actually doing should completely change how much you put in, how long you hold, and how you react when things dump.
Most people spec but tell themselves they're investing. That's when they get wrecked.