xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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I tried to explain what HODL is in comic strips.
TL;DR
I explained what HODL does mean and how HODL reflects the idea in the crypto space.
Some Takeaway
The HODL was accidentally created through a typo from a user named “GameKyuubi” on BitcoinTalk in 2013. He pointed out that trading was just too difficult when one tries to time the market. Rather he would just hold as long as possible. It then quickly got popular and became one of the crypto memes to those who might not believe crypto at the beginning of the year and mocked people for wasting their money.
Background of HODL
The user was holding the Bitcoin when the price dropped almost 39% overnight from $716 to $438. In the crypto market, the price is very volatile. 20% drop is very common in the crypto space. People join crypto simply because they continue believing in it.
Philosophy Behind HODL
Of course, people who join crypto may believe getting rich is easy. However, losing money fast is more common. HODL is a long-term perspective about the crypto asset and people continue buying when the market has a correction. The future perspective is that crypto-assets will always come back stronger.
Spin-Off
There are SPEDN and BUIDL. SPEDN encourages people to use crypto and buy goods while BUIDL encourages people to contribute to crypto projects. However, the commonality of all three is a long-term perspective about the crypto-asset.
Emotion
One of the key ideas of HODL is to defer from emotional reactions such as FOMO or Fear of Missing Out and FUD or Fear, Uncertainty, and Doubt. It really shifts away from the emotion from trading and focuses on long-term returns which is one of the ideal trading strategies.
In conclusion
HODL is a great strategy for a long-term investment. But the most important thing is to invest your knowledge.
I tried to explain what HODL is in comic strips.
TL;DR
I explained what HODL does mean and how HODL reflects the idea in the crypto space.
Some Takeaway
The HODL was accidentally created through a typo from a user named “GameKyuubi” on BitcoinTalk in 2013. He pointed out that trading was just too difficult when one tries to time the market. Rather he would just hold as long as possible. It then quickly got popular and became one of the crypto memes to those who might not believe crypto at the beginning of the year and mocked people for wasting their money.
Background of HODL
The user was holding the Bitcoin when the price dropped almost 39% overnight from $716 to $438. In the crypto market, the price is very volatile. 20% drop is very common in the crypto space. People join crypto simply because they continue believing in it.
Philosophy Behind HODL
Of course, people who join crypto may believe getting rich is easy. However, losing money fast is more common. HODL is a long-term perspective about the crypto asset and people continue buying when the market has a correction. The future perspective is that crypto-assets will always come back stronger.
Spin-Off
There are SPEDN and BUIDL. SPEDN encourages people to use crypto and buy goods while BUIDL encourages people to contribute to crypto projects. However, the commonality of all three is a long-term perspective about the crypto-asset.
Emotion
One of the key ideas of HODL is to defer from emotional reactions such as FOMO or Fear of Missing Out and FUD or Fear, Uncertainty, and Doubt. It really shifts away from the emotion from trading and focuses on long-term returns which is one of the ideal trading strategies.
In conclusion
HODL is a great strategy for a long-term investment. But the most important thing is to invest your knowledge.
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