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01 / 01
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- Does Cryptocurrency Encourage a Gambling Mentality in Investments?
- 1970-01-01 08:00:00 DeFi Planet
- Cryptocurrency's volatility and speculative nature can evoke comparisons to gambling, raising concerns about fostering a gambler-like mentality among investors. Structural factors, such as extreme price swings and sentiment-driven markets, contribute to this perception. High-leverage trading, pump-and-dump schemes, and memecoins further encourage speculative behavior. However, despite these factors, cryptocurrency can be a viable asset class when approached responsibly, with research, strategy, and long-term goals driving investment decisions.
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US Dollar
USD-$
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Chinese Yuan
CNY-¥
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Japanese Yen
JPY-¥
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South Korean Won
KRW -₩
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New Taiwan Dollar
TWD-NT$
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Canadian Dollar
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Euro
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HKD- $
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CLP-$
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