[X] My Assistant

5k? in the last year it raised quite a lot. buying BTC a couple years ago would've been a really nice investment...

Investment? No, just a gamble that had acctually pay off.

pro tip: if you want to buy gold star, do so on a day that the BTC drops like crazy. Donation system uses the maximum value of past 7 days or last 24 hrs. Today the donation system valued BTC over 5k USD. You could buy BTC for only 4400 USD.

The sad part is this only works with exchanges.
ATMs use nearly the same scale on selling BTC as this site values them.

IE: If a person went to a BTC ATM right now, they would pay 5,066.

Investment? No, just a gamble that had acctually pay off.

Tell me just one example of investment that is not a gamble ? An investment trades something you have now (i.e. certain) for a promise (called "contract") that something other is or will be given to you (called by different names, depending on the type of contract), subject to certain conditions (whose realization is uncertain). Those conditions are stated in the contracts' terms.

A gamble trades something you have now (certain), for a promise (called "bet") that something other will be given to you (the winnings, different kinds of depending on the specific type of gamble), subject to certain conditions (whose realization is uncertain). Those conditions are implicit in the gamble rules and the laws of probability.

Both are based on uncertainties (called "risk" in financial jargon) , therefore both are kind of gambles.

Both are also kinds of investments, if you choose to see them like that - it's just in your brain if you consider what you're doing an investment or a gamble.

Most people call investments what they THINK is going to pay back with high probability, and call gamble what they know is going to be an highly probable loose. But that's terminology, doesn't change the fact that they both are risk-taking enterprises.

One investment that is not a gamble: purchasing a house.

Tell me just one example of investment that is not a gamble ? An investment trades something you have now (i.e. certain) for a promise (called "contract") that something other is or will be given to you (called by different names, depending on the type of contract), subject to certain conditions (whose realization is uncertain). Those conditions are stated in the contracts' terms.

A gamble trades something you have now (certain), for a promise (called "bet") that something other will be given to you (the winnings, different kinds of depending on the specific type of gamble), subject to certain conditions (whose realization is uncertain). Those conditions are implicit in the gamble rules and the laws of probability.

Both are based on uncertainties (called "risk" in financial jargon) , therefore both are kind of gambles.

Both are also kinds of investments, if you choose to see them like that - it's just in your brain if you consider what you're doing an investment or a gamble.

Most people call investments what they THINK is going to pay back with high probability, and call gamble what they know is going to be an highly probable loose. But that's terminology, doesn't change the fact that they both are risk-taking enterprises.

protip: a good amount depends on the accuracy of initial ipothesys.

One investment that is not a gamble: purchasing a house.

Untrue. Recent examples of this : the bubble in the 2008 crisis was caused (mainly) buy a debt bubble, tied to loans in the building market. People who boght the house in 2007 at huge price found their value cut in half in 2009 (or less, or not, depending on location town etc. etc.). Hardly not a gamble !

And if they bought it with a loan, whose mortgage rates where to be paid back based on the previous (much higher) value? How many of them went bankrupt ? Because buying a house is a gamble : you gamble that its future value will be the same or even a bit more then its present value, you gamble that you will be able to pay back the mortgage for all the time it lasts (what if you loose your work after 2 years and canot find another?),
you gamble that your newly boght house won't be destroyed in a hurricane or floodin or earthquake or whatever, etc etc.

Some of those risks may be covered with insurances, you're going to tell me - yes, and so can be in all gambles. However you cannot cover all risks, simply because covering all risks means you have a sure loss (insurance companies must earn more then they pay back, so the sum over time and people is always negative for the insured side).

And this example is an exception and exepctions confirm the rule.

And this example is an exception and exepctions confirm the rule.

Logical fallacy.

Investment will always be trading one tangible asset for another tangible asset.
Both sides are taking a risk that their asset will generate income.

Gambling will always be trading one tangible asset for a randomly generated asset.
1 side is taking the risk that "the house".. (Casino, Lottery, Horse track, etc.) will randomly generate them income.

Both Investment and Gambling walk around hand in hand everyday. They are life time lovers.

Logical fallacy.

Not at all. Read it again and concentrate on the underlined part.

Exceptions confirm the rule.

Now think. What is an exception? Has the penny now dropped?

edit: typo

This post has been edited by Uncle Stu: Sep 5 2017, 02:00

@Scremaz

thanks a lot for the help

I just remembered a real life example of Investment and gambling walking hand in hand.
Where it literally blurred the difference between them.

In a city far far away, there was a pair of warlocks who gambled on land.

The market had tanked, land was selling for pennies on the dollar.

They "gambled" that if they started buying up this land to the far north, it would trigger demand.
Other warlocks would say "Why ist thou land being gobbled up? We must interject. "

It didn't work. No other warlocks came forward, and their "gamble" was about to sink them.

Then a fair maiden named Faraday arrived and the town rejoiced.
They were to build a manufacturing castle to be admired by all that saw.

This caused all kind of excitement for all the lands around, and people wanted to know...
What ist this fair land to magically attract Faraday? Whom ist this Faraday?

A mighty prince took notice... Sir Amazon... and he sent his knights forward.
Several others who watch Sir Amazon took notice that the knights were marching toward this land.

They sent their scouts to watch.

The story ends that Faraday turned out to be an evil witch trying to cause trouble, and sizzled out to a dull roar.
It's mighty manufacturing castles never appeared.

But Sir Amazon built 7 mighty castles much bigger than Faraday bragged.
Others built alongside, and castles began sprouting like magical beans.

Then the township rejoiced and widened highways and built off ramps and infrastructure galore.

One of these off ramps was adjacent to all the land the original warlocks bought.
Their wealth increased to the legend of kings.

The moral of this story: Did the warlocks gamble, or did they invest?
Did the mighty Faraday really intend to build and just lost his way?
Or was Faraday an evil witch set forth to change the destiny of the warlocks?

This post has been edited by RoadShoe: Sep 5 2017, 02:19

Tell me just one example of investment that is not a gamble?

This is sophism.
Is like saying that if you have a 10 apples and you eat 9 out of 10 you just eat a few because tyou didn't eat everything.
Gamble is used when the chance of losing is very high (the term derives from the word game, btw).

I see no similarity at all between going to the casino and risking all your money in a poker match (which is the epitome of gambling) or buying an house with the same money.
If you speculate you are gambling.
In you invest in venture capital you are gambling.
If you buy bonds in different areas on the world with different currencies you're not gambling since you are actively trying to minimize the risks involved (so doing the exact opposite of what gambling means).

And we are also completely Off Topic.

let's take a break from all these gambling comments (and bring them to the general chat please)
do higher difficulties give more proficiency?

do higher difficulties give more proficiency?

Yes.

Proficiency depends on the amount of XP gained.
Higher difficulties give more XP.
QED (IMG:[invalid] style_emoticons/default/smile.gif)

Will it cost Charged holy mage less turns to clear pfudorfest than Radiant holy mage?
Lv.500,1.0prof,non-imperil,fully upgrade.
Radiant needs about 6500turns-7000turns without 0 turn for reference.

Investment will always be trading one tangible asset for another tangible asset.
Both sides are taking a risk that their asset will generate income.

Gambling will always be trading one tangible asset for a randomly generated asset.
1 side is taking the risk that "the house".. (Casino, Lottery, Horse track, etc.) will randomly generate them income.

Both Investment and Gambling walk around hand in hand everyday. They are life time lovers.

my experience
- derivates (call / put options on stock) is gambling. It's fun, but gambling
- stock is much safer, but wait for a dip to step in
- index trackers are good to start with. again, wait for a little bit of panic before stepping in.
- a house is solid investement. Paying off mortgage is much more return on investment than getting interest on savings

So what does this mean for playing HV?
- sell your trophies, don't gamble on derivates (shrining them)
- Train some archeologist (it's like stock with divident)
- watch the Hath and GP exchange: sell high and buy low

- a house is solid investement. Paying off mortgage is much more return on investment than getting interest on savings

It is just because we are living in an extremely low interest rate environment. Bubbles are created by the low discount factor that cannot be lowered furthermore.

My boss has told me the old days when rent was so fxxking low that buying a house and paying 2-digit interest didn't make sense.

And we are also completely Off Topic.

thank you. i would've pointed it out myself but you know, i was sleeping (IMG:[invalid] style_emoticons/default/duck.gif)

my experience
- derivates (call / put options on stock) is gambling. It's fun, but gambling
- stock is much safer, but wait for a dip to step in
- index trackers are good to start with. again, wait for a little bit of panic before stepping in.
- a house is solid investement. Paying off mortgage is much more return on investment than getting interest on savings

off-top...

So what does this mean for playing HV?
- sell your trophies, don't gamble on derivates (shrining them)
- Train some archeologist (it's like stock with divident)
- watch the Hath and GP exchange: sell high and buy low

uh. nice catch.

It is just because we are living in an extremely low interest rate environment. Bubbles are created by the low discount factor that cannot be lowered furthermore.

My boss has told me the old days when rent was so fxxking low that buying a house and paying 2-digit interest didn't make sense.

not explicitly referring to you alone, but recalling RL markets to validate opinions is one thing (until a certain extent, HV market is a bit particular), speaking about house rent is another.

real estate OT exhausted, next subject?

A question about monsters, since I completely green about that.

Given that maintaining monsters (even without improving their PL) has some cost, but they can return gifts, what is the best player level to begin to create them ?

And is it better to have more low power monsters, or less but high power ?

I would prefer an articulate answer then a two-liner, if possible, thank you all (IMG:[invalid] style_emoticons/default/wink.gif)