Money is something that a majority of people do not master. The more I talk about money with people, the more I realize that many have a total ignorance of the subject.
It’s not that surprising. The education system has never taught you what money is, and even worse, how to manage your money in order to make the right decisions for your future.
There is one basic rule that you should have in mind, and it applies to all areas, and therefore to money:
“In life, it’s your ignorance that costs you money.”
So the less you know about money, the more you risk losing a lot of it. Whether you are very rich or very poor, this rule applies equally. …
Bitcoin has the reputation of being an asset with an extremely volatile price. This reputation was born out of the significant increases and decreases in the Bitcoin price over short periods over the past few years.
The last example of high volatility in the Bitcoin price that we had was in March 2020. Amid the liquidity crisis that hit all liquid markets following the start of the coronavirus pandemic, the Bitcoin price fell by more than 50% in a few hours.
During this strong downward movement, the Bitcoin price went from just over $8K to $3.8K.
This example of Bitcoin’s price volatility, however, is becoming increasingly rare. We can see that over time, the Bitcoin price is becoming more and more stable and that the volatility of the Bitcoin price is concentrated in very short periods. …
The world is changing before our eyes. We are gradually entering an era where everything will become digital. Some people continue to resist, but sooner or later they will be forced to adapt to the new rules of the world that are shaping up for the future.
In reality, you can’t stop progress when it’s in motion.
Rather than stubbornly resisting, the best you can do is to embrace the change that is coming your way as quickly as possible. …