We often speak about "that African nation currency" being devalued and many people running towards Crypto (or USD). Because we assume that a nation with a small (and often weak) economic area will face inflation consequences more rapidly than those called "developed nations".
We get sad when out stock/crypto plummets -20%... Why don't we have the same reaction with FIAT? It's literally the same thing. I'm personally not invested more than 20% of my entire wealth into crypto, because (let's be honest), it's a high-risk asset, or so I thought. Now I'm everyday more convinced that the difference between crypto and FIAT is very subtle. In fact, starting last month I decided to drastically increase my DCA amount, but always remaining to a comfortable level. I still want to sleep well at night. This post may seem like a rant towards the financial system (maybe it is who cares), but I'm sure you understand that behind the frustration lies a very hard truth: The Traditional Financial System cannot hold like this forever. It need to change. Soon. $S&P 500 Index (.SPX.US)$$Bitcoin (BTC.CC)$$Ethereum (ETH.CC)$$Coinbase (COIN.US)$$Euro (EURindex.FX)$$USD (USDindex.FX)$$USD/EUR (USDEUR.FX)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more