In the context of Bitcoin, what's the difference, really? Both can follow low-time-preference. Only surface of difference I can see is if you consider an investment a short-term gain.
Personally, even though I don't plan to ever sell my Bitcoin, I still consider it my main savings and also my number one investment. And I don't "trade" it.
The difference is that I'm not going to try and "time" the market, however "low" my time-preference may be.
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Investing by itself has nothing to do with timing the market. That's trading talk.
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