Speculation: Run when it rises, cut when it falls. If you make a profit, you have good luck. If you lose, you have to accept your fate. Speculation is a gamble, making money by luck, luck, and momentum. Investment: A good target with a good price, holding it for a long time, and looking at it over time, it will all be at the bottom. How to distinguish between investment and speculation? Strictly speaking, in the cryptocurrency circle, only BTC is an investment, while the rest is speculation, which should be easy to remember. But many people confuse these two, such as investing in memes and finding someone to criticize when they lose money.