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🔹Task: "Can Crypto Save You from Inflation?"
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🔹Task: "Can Crypto Save You from Inflation?"
1. What does inflation do to your money?🔹Task: "The Psychology of Losing Money in Crypto"
✔️It decreases its purchasing power over time.
2. Why are stablecoins considered less volatile?
✔️Their value is tied to more stable assets like fiat currencies.
3. What are stablecoins pegged to?
✔️Real-world currencies like the US dollar.
4. What is a common risk of using crypto against inflation?
✔️Its price volatility.
5. What type of crypto might appeal to someone avoiding inflation but not ready for Bitcoin's volatility?
✔️Stablecoins.
6. What is the video’s conclusion about crypto and inflation?
✔️Crypto can be helpful but isn’t a perfect solution.
7. What is one advantage Bitcoin has over fiat currencies?
✔️ It cannot be printed or inflated by central banks.
8. Why can crypto fees feel like “inflation in disguise”?
✔️ They can eat into your savings due to high transaction costs.
9. Why is Bitcoin called “digital gold”?
✔️ It has a limited supply, like a rare collectible.
10. What do people in hyperinflationary countries like Venezuela use Bitcoin for?
✔️As a more stable alternative to their local currencies.
11. How many Bitcoins will ever exist?
✔️21 million.
12. What’s a potential downside of relying on crypto for savings?
✔️Its unpredictable price swings.
1. Why does the video recommend talking to other traders about losses?
✔️It's therapeutic to share experiences with others who understand.
2. What are the five stages of grief in crypto?
✔️Denial, anger, bargaining, depression, acceptance.
3. What does the video compare losing in crypto to?
✔️A rite of passage that all traders experience.
4. What does the video say about the market giving second chances?
✔️It always gives you another opportunity to trade.
5. What's the overall message of the video?
✔️Learn from your losses, laugh at your mistakes, and keep moving forward.
6. What is the best way to view crypto investments, according to the video?
✔️As a long-term strategy, not a short-term sprint.
7. What does FOMO encourage traders to do?
✔️Buy impulsively, believing the price will keep rising.
8. What does the video suggest doing to cope with crypto losses?
✔️Step away from the screen and focus on the long term.
9. What does YOLO mean in the context of crypto trading?
✔️Taking huge risks because "you only live once."
10. What is loss aversion?
✔️The pain of losing feels worse than the joy of gaining the same amount.
11. Why does losing money in crypto feel so painful?
✔️The psychological concept of loss aversion.
12. What is the “most important” thing to HODL, according to the video?
✔️ Your sanity
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