Cryptocurrency Investment is a form of Speculation: Cryptos are Not Dramatically Different from Gambling

A year-long run of good luck at the race track doesn’t mean that betting at the pari-mutuel window is as safe as investing in a solid security with a decades long track record of overall gains. A good betting system based on statistical analysis of a horse’s potential performance in a given race can help improve the odds of winning. However, all betting systems eventually fail, and often erase any gains made in the process.