Things To Look Out For Before Investing In Bitcoin

Published

11 months ago

April 16, 2022

Lionel

Cryptocurrency, like any other investment, has risks and rewards.

Cryptocurrency is extremely dangerous when compared to other sorts of investments.

Before you invest, consider the following points:

We strongly advise against investing your entire life resources in cryptocurrency marketplaces.

2. It’s best to think of it as a form of gambling, so only invest a small portion of your disposable income and expect to lose everything.

3. Never put more money into something than you can afford to lose.

4. If you don’t have much money left at the end of each month, it’s best to avoid crypto and instead focus on saving.

5. Treat cryptocurrency as a long-term investment, just like traditional assets, for the best results.

6. Cryptocurrencies are extremely volatile, subject to bull runs and market crashes.

It is hailed by fans as a market-disrupting liberation and demonised by many personal finance experts as a dangerous creation. One things for sure is that bitcoin is volatile.

Since December 2020, bitcoin has enjoyed a theatre of dramatic ups and downs. We outline some of these here: is a bitcoin crash coming?

The problem is that the price of cryptocurrencies is not underpinned by any intrinsic value. It is determined by one thing: confidence, says Mark Northway, investment manager at Sparrows Capital.

So if you decide to invest, be prepared for a bumpy ride.

Yes you certainly can. Crypto is very risky and not like conventional investing in the stock market.

Bitcoin’s value is based purely on speculation. This is different to company stocks where the share price will move depending on how the business is performing.

Important: cryptocurrencies are unregulated by the UK watchdog, the Financial Conduct Authority. Crypto platforms are only regulated for anti-money laundering purposes.

There are three main ways to lose all you money with bitcoin:

The value plummets and you sell: crypto is volatile with its price determined by sentiment. Though technically you only lose money if you sell an investment for less than you bought it for. This is known as “crystallising your losses”.

Your memory: experts estimate 20 per cent of all cryptocurrency has either been forgotten about or lost with a current value of around $140billion, according to Crypto data firm Chainalysis.

Cyber crime: hackers and scammers are thought to steal around $10million worth of cryptocurrency every day, according to Atlas VPN.
Some people choose to take their holdings offline and store it in a physical device called a cold wallet, otherwise known as a hardware wallet or cold storage that is similar to a USB stick. While this protects from online attacks you risk losing your holdings.

As with any investment, do your due diligence and don’t pin all your hopes on one company or one cryptocurrency.

Spread your money around so you spread the risk and only invest what you can afford to lose.

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Glitz Galleria Launches Maiden Edition Of “Entrepreneurship Made Easy” Successfully

Published

2 months ago

January 13, 2023

Lionel

Glitz Galleria a beauty brand which offers services in makeup, hair and nails but has a vision to be a brand that impacts beyond beauty has set its light on startups and young entrepreneurs. The summit “Enterprenuership Made Easy” is a program that seeks to inspire, motivate and encourage every aspiring /rising entrepreneur to take that bold step to achieving his/her dreams. It also seeks to create a network where there’ll be opportunities for the startups to excel in what they do.

The maiden edition of “entrepreneurship made easy” took place on the 7th November,2022 at the UDS guesthouse, it was well attended with entrepreneurs from different fields ( trades and services), young and old, people traveled as far as Kumasi to attend. It was a very insightful, inspiring session as speakers spoke on the theme “ dare to dream,dare to achieve “ and share their success stories as well.

The event hosted by Albertha Bossman felt the honorable presence of special guest speakers such as Media Personality; Maxbel Coleman of Kantanka TV, Maxbel modeling agency, Fashion Fusion Ghana , Madam Afua Asantewaa Aduonum; CEO of Askof Productions, Dr Charity Twumasi Ankrah; CEO of Chartma Herbal Center.

Attendees were very happy and are looking forward to the next edition next year

Connect with Glitz Galleria and “Enterprenuership Made Easy” across all social media platforms.

Facebook: Glitz Galleria

Instagram: glitzgalleria/entrepreneurship made easy

Email:[email protected]

Call/Watsapp : 0208663509.

Total Views: 540 ,

BUSINESS

Twitter to charge $20 per month for verification badge

Published

5 months ago

October 31, 2022

Lionel

Twitter to charge $20 per month for verification badge

Only a few days after taking over as Twitter’s CEO, Elon Musk is apparently working on some significant improvements.

The Twitter Blue membership and even the verification procedure, which awards verified accounts with a “Blue tick,” are expected to undergo modifications.

According to reports, the Twitter Blue subscription will be connected to it, and Musk also has big price increases planned for the subscriptions.

ALSO CHECK:Sachet water prices to go up today

The new Twitter Blue subscription will cost customers $19.99, according to a report by The Verge. Additionally, Twitter accounts that already have the blue tick will need to abide by this new system and pay for it.

According to the article, verified users will have a total of 90 days to switch to Twitter Blue before they lose their checkmark.

Employees of Twitter have also been told to resign or move quickly with this new membership plan. According to the article, a deadline of November 7 has been set for the staff.

Blue Twitter Subscription

Twitter Blue, a paid monthly opt-in subscription that grants exclusive access to premium services, was introduced last year.

This, according to Twitter, will allow you to personalize your Twitter experience. In the US, Canada, Australia, and New Zealand, the subscription service is now available.

It will be interesting to see how Musk implements both a global rollout and a complete overhaul of the payment system. Twitter Blue can be bought in-app on iOS and Android in the regions that are eligible.

Elon Musk recently revealed screenshots from internal Twitter communications that proved the board of directors had misled to him before the transaction was finalized.

The security chief mentions “fraudulent metrics” being shown in the screen grab. Bots, however, were not mentioned. According to Musk, he will share additional details in the coming days.

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