Things To Look Out For Before Investing In Bitcoin

Published

2 years ago

04/16/2022

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.

Qilansar: Revolutionizing The Way Services Are Accessed

Published

1 month ago

03/13/2024

Lionel

Introduction

In a world where convenience and efficiency are paramount, Qilansar emerges as a leading online platform, revolutionizing the way people access services. With its seamless user experience, extensive network of skilled professionals, and commitment to exceptional customer service, Qilansar is transforming the service industry landscape. This article delves into the innovative features, remarkable growth, and positive impact that Qilansar is making on service seekers and providers alike.

Streamlining Service Access

Qilansar offers a user-friendly platform that connects customers with a wide range of services, ranging from home maintenance and personal wellness to education, pet care, events, virtual assistance, and beauty and wellness. Gone are the days of scouring different platforms or relying on word-of-mouth recommendations. With Qilansar, users can effortlessly browse through a diverse network of verified service providers and book appointments with just a few clicks. The platform’s intuitive interface and streamlined booking process prioritize convenience and save users valuable time and energy.

Quality Assurance and Accountability

One of Qilansar’s key differentiators is its commitment to quality assurance and accountability. Every service provider on the platform undergoes a rigorous vetting process, ensuring that customers can trust the professionals they hire. Moreover, Qilansar encourages users to leave reviews and ratings, promoting transparency and helping others make informed decisions. This feedback system fosters a community of trust, motivating service providers to maintain high standards of service excellence.

Driving Growth and Empowering Service Providers

Qilansar’s impact extends beyond the convenience it offers customers. The platform also plays a pivotal role in empowering service providers and helping them expand their reach. By joining Qilansar’s network, professionals gain access to a larger customer base and the opportunity to showcase their skills and expertise. This exposure enables service providers to grow their businesses, establish their reputations, and enhance their professional profiles. Qilansar’s dedication to supporting service providers is a testament to its commitment to fostering a thriving community of skilled professionals.

Embracing Technological Advancements

Qilansar recognizes the importance of leveraging technology to enhance the service experience. The platform is continually investing in cutting-edge tools and features to improve user interactions and simplify processes. From secure and reliable payment systems to personalized search options and dedicated customer support channels, Qilansar combines innovation with user-centric design to deliver an unparalleled service marketplace.

Downloading The Qilansar Application

To access the seamless services offered by Qilansar, customers can download the Qilansar app, available for both iOS and Android devices. Simply visit the App Store or Google Play Store and search for “Qilansar.” Once you find the app, click the download button and wait for the installation to complete. The Qilansar app provides a convenient and user-friendly interface, allowing customers to effortlessly browse services, book appointments, and manage their service requests on the go.

Conclusion

Qilansar’s emergence as a leading online platform for service access signals a significant shift in how people engage with service providers. By providing a seamless user experience, prioritizing quality assurance and accountability, empowering service providers, and embracing technological advancements, Qilansar is redefining the service industry landscape. Whether customers require home maintenance, personal wellness, education, pet care, events, virtual assistance, or beauty and wellness services, Qilansar offers a one-stop solution. As the platform continues to expand and evolve, it is poised to transform the lives of service seekers and providers, making access to high-quality services more convenient and efficient than ever before.

BUSINESS

Entrepreneur Cum Hairstylist, Millicent Tetteh Starts “Mimi De Hairdresser” In Accra

Published

5 months ago

11/26/2023

Lionel

Entrepreneur and professional hairstylist, Millicent Tetteh has commissioned her new office, “Mimi De Hairdresser” in Accra yesterday in a grand style.

The event which was held on 25th November, 2023 saw bloggers and influencers gracing the occasion. It was indeed a spectacle to behold as many a man were treated with a gracious reception. As for ladies who needed braids and special hair treatment, they were treated pleasingly by the order of the Peaky Blinders on a softer note.

“Mimi De Hairdresser” located in Madina Estate near “Bag and Save” supermarket offer the following hair services; extensions, braid caps, installations, braids, nails, pedicure, manicure, piercing, salon services, et al. In fact, they offer all services as far as hair is concerned. They also are available for home services. They open every day from 9AM to 8pm.