Bitcoin miner - page 144

 
Valeriy Yastremskiy:
in an asset is a third-party action leading to a disaster and their probability is usually lower)

On what basis are these conclusions drawn? A lucky trading record?

And if I win the lottery (even if several times in a row), do I count it as an investment?

 

I looked it up on wikipedia.
Investment is the placement of capital for the purpose of making a profit.

The lottery fits. It is for the purpose of making a profit that everyone puts capital there.

 
Andrey Khatimlianskii:

I looked it up on wikipedia.
Investment is the placement of capital for the purpose of making a profit.

The lottery fits. It is for the purpose of making a profit that everyone places capital there.

There is a subtlety here - any investment is an investment, but not every investment is an investment.

 
Edgar Akhmadeev:

There is a subtlety here - any investment is an investment, but not every investment is an investment.

So I am waiting for professionals to explain this obvious difference to me.

 
Andrey Khatimlianskii:

So I'm waiting for the professionals to explain such an obvious difference to me.

Andrei!

Aren't you a professional?

The way I see it, an investment is an investment for profit with minimal risk.

And in lotteries, the risk is too high to consider it an investment.

 
prostotrader:

Andrei!

Aren't you a professional?

The way I see it, an investment is an investment for profit with minimal risk.

And in lotteries, the risk is too high to consider it an investment.

digging around here and ..... instinct

gigabyte

the pictures are a bit too much.... here's an alternative to your choice https://www.mql5.com/ru/forum/217910/page136#comment_20050080

 
Andrey Khatimlianskii:

Explain to a layman what?

You, with your experience, should be the one to explain). I will write for others what is different, in simple terms. As written above, it differs by expected payoff, but it is unclear, mathematicians invented some expectation. It is clear: we have bitcoins, let them be worth $ 6000 and have fallen from $20K. We estimate the probability of asset bankruptcy in the nearest investment horizon, let it be a year. The subjective estimate is that there are many people employed in the system and there is a high probability that the asset will not go bankrupt in the next year. I would give a 90% probability. But the upside potential is estimated to be at least 20k, but I was estimating up to 50k. By buying at 6k, we are betting that with 10% probability we will lose the entire amount in case of bankruptcy or increase by 50/6=8.3 times. We take a small amount (small relative to the rest of the portfolio) and invest it in a risky asset. If we carry out 100 such operations, we will lose 10 times (if the probability of bankruptcy is 10%) and earn 90 times. We will lose 10 times $1000 and earn 90 times $8300. 90*8300-10*1000 =$737,000 total profit for 100 such operations. But the portfolio can also contain less risky assets. If we take the AAA-rated asset, its probability of bankruptcy in the next year is nearly zero, but its growth potential is low, it means that we can invest larger sums in it.

So it turns out that the estimated expectation of investment in a risky asset is positive and even if it goes bankrupt, the other 10 will put it in the black.

But with the lottery... the probability of winning is always less than the probability of losing. The default expectation of a lottery game is negative, which is the very essence of the lottery. Many people have the misconception, "if I buy 10,000 tickets I'm almost guaranteed to win". NO, the more tickets you buy, the less chance you have of winning. If the profit of the organization of 10%, then at the end of 10000 games for 100 rubles on average will remain in the minus 100 000r. The more tickets you buy, the closer you get to that deficit. If you buy the entire draw, you are guaranteed to be at minus 10%.

Basically, the whole difference is the risk assessment. If we just buy cryptocurrencies for some unknown price, it's not an investment but a lottery and it doesn't matter what you play, a ticket sold at the post office or a stock traded on the exchange, you will be left with a loss of more than 50%). You may be lucky locally... But local luck and a focus on steady income distinguishes the player from the specialist. Even if our risk estimates are wrong, erroneous, even if we lose on the investment, but we have counted and tried to assess the risks, we can just take the mistakes into account next time. It is also possible to invest in a lottery ticket if you know the algorithm for generating tickets.
 
Andrey Khatimlianskii:

On what basis are these conclusions drawn? A lucky trading record?

And if I win the lottery (even if several times in a row), do I count it as an investment?

That reminds me)

What is the purpose of asking!!!

 
in fact, you can even invest in drinking alcohol. You have potential partners... but you can't negotiate with them without alcohol. You assess the risks)) how much health you will spend, how much you will potentially gain... You can even build your career/business on this. Or you can just drink with local drunks, in which case it is not an investment but a health killing.
 
Maxim Romanov:
in fact, you can even invest in drinking alcohol. You have potential partners... but you can't negotiate with them without alcohol. You assess the risks)) how much health you will spend, how much you will potentially gain... You can even build your career/business on this. Or you can just drink with local drunks, in which case it is not an investment but a health killing.

Nah, I like Casanova's investment business plan better, and health is not as lost. Nerves maybe more))))

Reason: