​The line between investing and gambling comes down to earnings

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Nearly two-thirds of Canadians over the age of 14 admitted to gambling last year, according to Statistics Canada. As shocking as that seems, it doesn’t even take into account the number of Canadians who roll the dice in the stock markets.

Determining how many of us gamble in stocks is impossible, because it is impossible to get a consensus on what separates gambling from investing.Both involve risking money on an uncertain outcome, but it’s the degree of uncertainty where the dividing line lies. More specifically, it comes down to the probability of profit – known in financial terms as earnings.

Certain actors can collude and eventually take over control of the underlying block chain technology and ultimately create new Bitcoins for themselves at will – completely diluting its value,” Kecskés says.Kecskés says investments in publicly-traded companies that produce something, on the other hand, have at least the potential to appreciate in value because they typically have underlying assets intended to generate revenue over time.

 

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