Pain in crypto investment can refer to the emotional discomfort experienced by investors when the value of their cryptocurrency holdings decreases. The highly volatile nature of the crypto market can result in rapid and significant price swings, causing investors to experience fear, anxiety, and even panic when their investments lose value. This pain can also…
Category: Insights
Stable Coins: Potential Risks and Pitfalls to Avoid
Stable coins are digital currencies that are designed to maintain a stable value, usually pegged to a fiat currency such as the US dollar. The case against stable coins is that they may pose a number of risks to the financial system, including: Lack of transparency: Some stable coins may not provide enough information about…
The Power of Consistency: How DCA Can Help You Maximize Crypto Profits
Dollar Cost Averaging, or DCA, is a widely adopted investment approach where a lump sum investment is divided into smaller, more manageable portions and invested at intervals over a set period of time. Made at regular intervals, such as weekly, bi-weekly, or monthly. The idea behind this strategy is to reduce the risk of investing…
Crypto Investment Success: The Power of DYOR and Patience
It’s important to note that investing in cryptocurrency carries risk, and it’s always important to invest responsibly and within your means. So, DYOR (Do Your Own Research) and patience are both crucial factors in investing in cryptocurrency to help increase the chances of profits. DYOR: Cryptocurrency is a relatively new and rapidly evolving industry, and…
A Strong Dollar and a Weak Bitcoin: Understanding the Correlation
The US Dollar Currency Index (DXY) is a measure of the value of the US dollar relative to a basket of currencies of the US’ most significant trading partners. The index is calculated by comparing the dollar’s average value with the average value of the basket of currencies. The value of the dollar can have…