HAPPY FRI-YAY! YOU KNOW WHAT TIME IT IS, FLASHBACK!
It’s the usual flashback Friday woot woot! Here’s what we did this week:
Monday - There’s a simple way to look at the volatility of the crypto market: We could think of our investing (and trading, if you trade), as a business! Begin to think of the gains as REVENUE and think of the bearish markets as EXPENSES! (That’s not my original thought, I saw it on social media🤪). But it’s still a really good way to look at things; a definite change of perspective.
Tuesday - We mentioned that if we’re having a cryptocurrency winter we could see BTC (and other coins) hit the roof when this season is over. Do you remember when BTC was at $1100 at the end of 2013 but then took a huge nosedive and dropped 84% to less than $200 in 2014? But after that dip, there was that meteoric-type rise in 2015 that created multiplied thousands of millionaires!
Wednesday and Thursday - We discussed stablecoins. We found out that a stablecoin is a digital currency that is pegged to a “stable” reserve asset like the U.S. dollar or gold; they are designed to reduce volatility relative to unpegged cryptocurrencies like Bitcoin. They are stable because they are asset-backed, and they’re cheap and secure to transmit.
The 2 things I’ve heard the most from people who aren’t familiar with cryptocurrency are: (1) Lack of knowledge and (2) the price volatility scares them. Well, I don’t control the volatility but I can help with the knowledge part of it. Hit me up at the link below to learn more about cryptocurrency - how to trade it, buy it, sell it, exchange it, or convert it!
Click DCX, complete the info, and let's GROW TOGETHER!
Have an awesome weekend!
Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.