Financially Irresponsible But Scared Of Volatility: How Informed Are You?

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Crypto has always been vilified for being volatile, it's one weapon that's being utilized in the anti-adoption war by government and economic agencies who finds it difficult to relate economics to the sophistication of cryptocurrency.

I mean, let's be factual, there's no economic concept that can explain the crypto model. A term like the "QUANTITY of Demand and quantity of SUPPLY cannot explain the distribution of Crypto, hence because of this, a practicing economist might think crypto is just a bubble that's doomed to fail.

This makes sense, but one thing that doesn't is not acknowledging that most monetary theories existed within a system that's no longer relevant to the nuances of sophistication and technology. Now let's come back to the phenomenon of financial irresponsibility.


Staying Off Volatility Crypto

I've seen so many people who seek financial stability, the best ways they think they can achieve this is by having a stable job, spending the way they deem fit, saving some percentage of their income, and staying away from Crypto. Now the emphasis is to stay away from crypto because if they do they'll never lose money.

But the truth is that volatility is beyond crypto and dwells in the life of people. For example, the unpredictability of inflation and its impact on stable currency is volatility. The loss of value on one's asset as a result of a new, faster, and cheaper invention is volatility.

The level of financial uncertainty as a result of being in a job that owes salaries is volatile. The only way to understand this is through thorough financial education, which is a new era term that's hardly taught in the principles and theories of economics.


How To Seamlessly Lose

Now, the tendency to often show financial irresponsibility is often excused. Sometimes I've seen people who gamble, now when you check or calculate the percentage of their win, you'd find it to be 20% out of 100 however they keep on losing under the guise that when they eventually win, it'll cover up for all their losses, some of these people cover up their losses, while some continues living in the illusion that they will.

In reality, some of these losses are never covered and this is because they always underestimate how much they are spending especially. After all, this money is calculated daily.

There are so many intricate ways to save money and reduce expenses, some people are creating the possibilities of a future where their current spending culture might affect them in the future, but because they're not cognizant of this, it's always difficult to understand.


Losing & The Attraction That Draws Us To It

Now, there are many ways to lose money, no matter how attractive they might seem, a loss is a loss without sugarcoating it. Gambling is a way to lose, spending without considering utility and long-term worth or value is another way to lose money.

Not spending to mirror one's immediate or secondary needs is another way to lose money. Now, we mostly cannot excuse ourselves from most of these financial ventures where we slightly lose or didn't get value for the money we're spending.

The reality we do not reckon with is that we're losers, especially when we accumulate these losses over time. Now we simply cannot control these external factors, the point I am trying to make is that volatility exists in our lives.

There are one or two financial uncertainties that we constantly have or experience, however, the only way to discover this is through discipline and education.

So How Volatile Is Crypto?

So it's slightly unfair to say crypto alone is volatile. A lot of people do not understand what this volatility even means. The focal point for them is that it expresses or interprets the loss of money or their investment while in-depth research would prove otherwise.

This remains an issue, I believe so many individuals are subscribed to the government's narrow-minded and stereotypical definition of cryptocurrency and they're unaware of how the volatility in their lives steals more money from them than crypto ever will.

In reality, I've experienced the volatility that comes with crypto, while it might seem like one has lost on the surface, making the right decisions eventually proves that one eventually has over time.

The best way to calculate volatility for me is to check the impact of financial decisions over time, weighing the losses and gains at the same time.




Interested in some more of my works?


Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement

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volatility apply to our everyday transaction just imagine you have a budget of #10000 and on getting to the matket the pei e prices of such commodity has changes and this happens to our day to day transaction but sometimes people does know that volatility in price whereas is the same with cryptocurrency .
Going through in post i have gotten an enlightenment . thanks for sharing

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Thanks for coming through, you're absolutely right about volailtily. The way it works and how it happens cascades through our daily lives but some people only feels it's Crypto. The stability mirage we have makes fail to understand how some currencies are messed up big time.

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A failing economy whose analysis and break downs where made by man. A thing I have noticed is people with a platform keep throwing statements that do not add up to justify, while people should not venture into the crypto space. Forgetting the principles and laws they firmly believe in where made by people of the past and people are now creating laws of the future through crypto

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Well, I didn't totally grab it all, but I understand your point as to how crypto should gracefully replace the fiat failed system. There's volatility everywhere, sometimes it's only financially capable people that would understand this to some extent.

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Getting the right information and taking the necessary steps to keep learning would make the dive into the crypto space worth it.
Volatility is synonymous to cryptocurrency, it doesn't change the fact that it is the future.

Probably the reason for two market periods to keep one always afloat and always benefitting despite taking hits that may come.

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Probably the reason for two market periods to keep one always afloat and always benefitting despite taking hits that may come.

Exactly. These two market period are like a balance to help one mitigate value loss as well as prevent volatility, doesn't prevent the fact that crypto is still the future.

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Yes, it is the future.
I think knowing these season and playing your card well nullify losses.

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Well I've been saying this for long, volatility mostly affects people who don't take cognizance of it in the first place.

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First, the title along is breaking tables already.
The word volatility has suffered a lot from misusage. Saying only crypto is volatile, what about the forex market or when the prices of crude oil dropped?

I think the reason volatility is restricted to cryto is because in the other areas, time has made those market seem solidified like magma and has been studiesd over time but it can still erupt!

Most individuals who shout when prices go down and wail when it goes upwards and they did not buy in at the right time are true gamblers! All without prior and concrete plans before making any crucial decision. That is why their only job is to shout and wail!

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