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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Hi there!
This is crypto universe oversimplified!
Don’t forget to check out the previous one:
https://medium.com/coinmonks/threats-of-the-crypto-universe-e04d49e9480e
Today, we are talking about gambling in the Crypto Universe.
People may always pursue you to invest in Crypto, but ultimately, it is more gambling than an investment.
The line between gambling, speculation, and investment has become more blurred than ever.
I believe the investment is a 51% winning rate vs. a 49% loss rate. Speculation is a 50%-50% chance of winning, and gambling is a 49% winning rate vs. a 51% loss rate.
The stock market is gambling since you put your money and let the market drive itself. Sometimes it is speculation, even those there is news going the market up and down.
High risk does not translate into high rewards automatically. High risk means your investment will be gone with certainty. The higher the risk, the ensure your money will be gone.
Crypto is a more risky speculative gambling that you will surely lose if you do not carefully understand what it is and how it works.
No indication invest in Crypto will make you a fortune.
Instead, many people lost, and the hype has covered more on the winning side. It is undoubtedly gambling.
It is only viable if you can afford to invest in losing all your investment. That being said, it is an insurance policy to hedge the uncertain future of the fiat currency.
However, even the insurance analogy is speculative.
If you are new to the Crypto Universe, you should not spend money purchasing cryptos. Instead, it would help if you stood by to understand the whole Crypto Universe before purchasing your first Crypto.
Everything I said is purely for educational purposes rather than financial advice.
If you enjoy reading my articles, buy me a coffee here.
Photo by Free Walking Tour Salzburg on Unsplash
Hi there!
This is crypto universe oversimplified!
Don’t forget to check out the previous one:
https://medium.com/coinmonks/threats-of-the-crypto-universe-e04d49e9480e
Today, we are talking about gambling in the Crypto Universe.
People may always pursue you to invest in Crypto, but ultimately, it is more gambling than an investment.
The line between gambling, speculation, and investment has become more blurred than ever.
I believe the investment is a 51% winning rate vs. a 49% loss rate. Speculation is a 50%-50% chance of winning, and gambling is a 49% winning rate vs. a 51% loss rate.
The stock market is gambling since you put your money and let the market drive itself. Sometimes it is speculation, even those there is news going the market up and down.
High risk does not translate into high rewards automatically. High risk means your investment will be gone with certainty. The higher the risk, the ensure your money will be gone.
Crypto is a more risky speculative gambling that you will surely lose if you do not carefully understand what it is and how it works.
No indication invest in Crypto will make you a fortune.
Instead, many people lost, and the hype has covered more on the winning side. It is undoubtedly gambling.
It is only viable if you can afford to invest in losing all your investment. That being said, it is an insurance policy to hedge the uncertain future of the fiat currency.
However, even the insurance analogy is speculative.
If you are new to the Crypto Universe, you should not spend money purchasing cryptos. Instead, it would help if you stood by to understand the whole Crypto Universe before purchasing your first Crypto.
Everything I said is purely for educational purposes rather than financial advice.
If you enjoy reading my articles, buy me a coffee here.
Photo by Free Walking Tour Salzburg on Unsplash
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