Do You Consider The Risk What You Are Doing?
We think something is risk-free. We usually try to avoid risk. Sometimes we just don't realize that we have already taken risks. For example, by depositing money in the bank, we can a certain amount as interest.
Do you actually get that number from the bank? If you consider the inflation and the time value of money, you are earning less. but you do not even realize that. Let's watch this video.
Please feel free to share your thoughts in the comment section. If you like this video, please let me know. Thank you so much for watching the video.
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Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, martial arts, finance, and digital marketing. You can visit my website rezoanulvibes.com. I'm glad to meet amazing people all over the world.
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Inflation is killer in many economies that's why Bitcoin is coming as an option .
In many countries keeping money safe in BTC is more worth than investing because inflation is killing.
Inflation gradually decreases the value of money, so what we store the value in form of money, that will decrease in the future. Most people don't consider it that way, that's why they think it's ok.
Yes brother these words are very true, in fact in many cases we do not understand that we are already at risk. Again, after understanding, many people start thinking about it extra.
Honestly, life is always at risk, so I try to keep the risk in mind in all my work.
Sometimes we don't grab new opportunities thinking that's risky without realizing what we are doing, that's also risky. That's where comes risk management.
There are a few things that we really don't pay attention to and just believe on.
Banks are one of them. Getting an interest is another one
When you start questioning the system, you will find out how reliable that is. Development and innovation come from there. If there was no economic crisis back in 2008, maybe we didn't see Bitcoin.
Inflation in my country Venezuela is brutal, you cannot have money in the banks because every minute it loses value, you have to buy goods when you receive money or invest it in cryptocurrencies or dollars. But everyone does not have access or does not know how to handle cryptocurrencies is a fairly complex issue.
The government and the central bank play an important role and take the necessary steps to control the financial system. If they do it in a better way, we will not suffer that level because of inflation. Thank you @edgerik for sharing what's going on in your country.
I was just having this debate with a co worker and how awesome it is that bitcoin has such a limited supply.
People want Bitcoin, they see it as a store of value. Big institutions have come to invest in Bitcoin this time.
@rezoanulvibes no guts no glory...so in life we sometimes need to take risks to becomes successful,life itself is risk.....though it is not easy but we just need to understand that is the realties of life....an awesome video from you sir...
Well said. That's why how you manage the risk and keep it at a certain level, that can change the whole thing. Thank you @havevo for your feedback, sir.
Crypto is perceived as risky only because people don't realize their own currency is risky, too.
I completely agree with what you just said, @fiberfrau. We see the quick movement of crypto price, but we don't the fiat currency movement that quickly. So we don't feel our own currency is risky too.
Exactly!
Congrats on being the person of the day and thanks for sharing your thoughts
Thank you @rupinder for your feedback!
Have a great day!