To The Moon

Data shows that last year, Singapore's gambling revenue reached 12.2 billion SGD, surpassing Las Vegas' 11.2 billion SGD, and only behind Macau, ranking second in the world!

According to an earlier survey, 40% of Singapore's residents aged 18 and above said they would bet on at least one type of gambling activity. Human nature is hard to resist; sometimes, blindly trading stocks feels very much like gambling.

1. Is betting on meme stocks a gamble?

Some investors compare the recent surge in space stocks and quantum computing to the early days of Bitcoin.

Ten years ago, Bitcoin was very cheap, but no one paid attention. The stock market always hypes up the most popular and expensive assets. However, the lack of interest was also because these were too new, and investors couldn't confirm their future development and potential.

$Intuitive Machines(LUNR)$ saw a 22% surge this week after securing a contract with NASA for Earth direct communication services through the Near Space Network. In September this year, NASA awarded Intuitive Machines a contract worth up to $4.82 billion, causing LUNR's stock to jump 70%.

Currently, space stocks haven't reached the critical mass for widespread application; most of the surges are driven by contracts. Quantum computing is even further away from practical applications.

2. Set a special fund to invest in the next “Bitcoin”?

Some people think they can set aside a special fund each month or year to invest in the next "Bitcoin." Similarly, some investors buy 0DTE options every week to bet on big gains. For example, spending $200 a month on these low-probability events.

But such bets, like most sunk costs, are likely to result in more losses than gains. But isn't that what gambling is all about?

Do you think spending small amounts with hopes of turning them into bigger gains is worth it?

Or do you prefer the steady, secure investment route?

Leave your comments and also post to win tiger coins~