CEX Daily Combo 22 January 2025

 

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Task:  Can Crypto Save You from Inflation?
1. Why can crypto fees feel like "inflation in disguise"?
✅ They can eat into your savings due to high transaction costs.

2. How many Bitcoins will ever exist?
✅ 21 million.

3. Why is Bitcoin called "digital gold"?
✅ It has a limited supply, like a rare collectible.

4. What is the video's conclusion about crypto and inflation?
✅ Crypto can be helpful but isn't a perfect solution.

5. What is a common risk of using crypto against inflation?
✅ Its price volatility.

6. What do people in hyperinflationary countries like Venezuela use Bitcoin for?
✅ As a more stable alternative to their local currencies.

7. What's a potential downside of relying on crypto for savings?
✅ Its unpredictable price swings.

8. Why are stablecoins considered less volatile?
✅ Their value is tied to more stable assets like fiat currencies.

9. What does inflation do to your money?
✅ It decreases its purchasing power over time.

10. What are stablecoins pegged to?
✅ Real-world currencies like the US dollar.

11. What type of crypto might appeal to someone avoiding inflation but not ready for Bitcoin's volatility?
✅ Stablecoins.

 

Task: The Psychology of Losing Money in Crypto
1. Why does the video recommend talking to other traders about losses?
✅ It's therapeutic to share experiences with others who understand.

2. What does FOMO encourage traders to do?
✅ Buy impulsively, believing the price will keep rising.

3. What are the five stages of grief in crypto?
✅ Denial, anger, bargaining, depression, acceptance.

4. What is the "most important" thing to HODL, according to the video?
✅ Your sanity.

5. What is the best way to view crypto investments, according to the video?
✅ As a long-term strategy, not a short-term sprint.

6. What does the video say about the market giving second chances?
✅ It always gives you another opportunity to trade.

7. What is loss aversion?
✅ The pain of losing feels worse than the joy of gaining the same amount.

8. Why does losing money in crypto feel so painful?
✅ The psychological concept of loss aversion.

9. What does the video suggest doing to cope with crypto losses?
✅ Step away from the screen and focus on the long term.

10. What does the video compare losing in crypto to?
✅ A rite of passage that all traders experience.

11. What's the overall message of the video?
✅ Learn from your losses, laugh at your mistakes, and keep moving forward.

12. What does YOLO mean in the context of crypto trading?
✅ Taking huge risks because "you only live once.

 

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