Following its collapse in 2022, FTX has announced that it will begin paying out its creditors on February 18, 2025, starting with those with claims of less than $50,000, including 9% annual interest. More than $16 billion is expected to be distributed, which could impact the crypto market.
Will this be a step towards regaining confidence in the sector? Some investors are still hesitant due to the valuation of assets at the collapse prices.
💡 Read more about this topic on X: [🔗 https://x.com/holdboy_/status/1891575451635900568?s=46] #FTX#Cryptocurrencies#CryptoRecovery#CryptoMarket
📢 Cigarettes as money: a true story of the power of exchange 🚬💰
In times of war and crisis, traditional money sometimes loses value. A surprising example occurred during World War II, where cigarettes became currency within prisoner camps and among soldiers.
Why did cigarettes work as money? 🤔
✅ They were scarce and desired 🏆 ✅ Easy to divide (a cigarette could be cut into parts) ✂️ ✅ Recognized by everyone as something of value 🔄 ✅ Lasted long enough to be exchanged ⏳
🔹 Real example: In prisoner camps, cigarettes were used to buy food, favors, or clothing. There were even “exchange rates” between cigarettes and other goods.
💡 Lesson for modern money This case demonstrates that money is not just bills or coins but any good that people accept as a medium of exchange. The same goes for Bitcoin and cryptocurrencies, which have no physical backing but work because people trust in their value. 🚀
👉 If you were in an extreme situation, what do you think would be used as money? Tell me in the comments. 👇
On the island of Yap, before the arrival of the Europeans, the inhabitants used large limestone discs as currency. These stones, called Rai, could measure from a few centimeters to more than 3 meters in diameter and weigh several tons.
How did they work as money? 🤔
1️⃣ They didn't move: Many were so large that they were left in a fixed place, and their ownership was simply transferred from one person to another. 2️⃣ Value based on their history: It wasn't just the size that mattered, but the effort and risk involved in bringing them from other islands, such as Palau, where they were mined. 3️⃣ Community trust: Everyone knew who owned each stone, even if it didn't physically change location.
Lessons for modern money 🏦📈
💡 Subjective value: Money is worth what people agree it is worth, like gold, paper money, or Bitcoin. 💡 Trust and decentralization: The system relied on community consensus, just like cryptocurrencies today. 💡 Scarcity and difficulty of acquisition: Like Bitcoin, the difficulty of obtaining new stones increased their value.
It is said that some stones were lost at the bottom of the sea, but were still accepted as money because everyone remembered who owned them. A concept similar to blockchain! 🚀
👉 What do you think? Does this sound like Bitcoin? Tell me in the comments. 👇
📢 What is HODL and why do many investors use it? 🏆⏳
The term HODL (Hold On for Dear Life) was born as a typo, but it became a key strategy in the crypto world. And yes, it simply means buy and hold! 🔥
🎯 Why HODL? ✅ Avoid the stress of day trading 😌📉📈 ✅ Take advantage of long-term growth 🚀 ✅ Reduce the impact of volatility 🌊 ✅ Ideal for forward-thinking investors 🔮
🔹 Simple example: Imagine you bought 1 BTC in 2015 for about $300. Today, even with market crashes, its value has grown exponentially. Those who have HODLed have seen huge profits over time. 🟠💎
📌 Tip: HODLing doesn't mean forgetting your investment. It's important to do your research, diversify, and know when to take profits. 🔄💡
👉 Are you one of those who HODL or do you prefer to trade? Tell me in the comments. 👇 #HODL#CryptoInvestment#Bitcoin#Cryptocurrencies #Trading
📢 What is DCA and how can it help you invest better? 💰📈
DCA (Dollar-Cost Averaging) is an investment strategy that allows you to buy a financial asset at regular intervals with a fixed amount of money, regardless of its price.
🎯 Why use DCA? ✅ Reduces the impact of volatility 📉📈 ✅ Avoid buying everything at a bad time 🚀📉 ✅ Eliminates the emotional factor of investing 😌🧠 ✅ Ideal for long-term accumulation ⏳🔄
🔹 Simple example: Imagine that you want to invest $100 a month in Bitcoin 🟠. One month you buy at $50K, another at $45K, another at $55K… Over time, the average price of your purchases will be more stable and you will reduce the risk of going all in at the worst time.
This strategy is used by many investors to accumulate crypto without stress. 😎💡
📌 Remember: DCA does not guarantee profits, but it is a great way to invest without trying to predict the market. 🚀
👉 Have you used DCA in your investments? Tell me in the comments. 👇 #DCA#CryptoInvestment#Bitcoin#Trading#PersonalFinance#CryptoStrategy
Hello, Binance family! 🚀 Today we will not talk about charts or tokens, but about something even more powerful: the mindset that makes you a resilient investor. In the volatile world of crypto, psychology is your best ally. Let's learn together to ride the waves of the market without losing our cool! 💪✨
🧠 5 Pillars of a Resilient Mindset
1. 📚 Education > Emotion "Fear and greed are your enemies" (Warren Buffett). - Before investing, research: read whitepapers, understand the risks and avoid FOMO (*Fear Of Missing Out*). - 📉 If the market drops, don’t panic. It’s time to learn, not to flee!
2. 🎯 Patience, it’s not a sprint - Exponential gains do not happen in days. Projects like Bitcoin or Ethereum took years to consolidate. - 💎 "Quick money goes quickly. Smart money stays".
3. 🛡️ Risk Management - Diversify: Don’t put all your resources into a single project. - Use stop-loss and only invest what you are willing to lose. - 🔥 If you can’t sleep well, your portfolio is poorly balanced.
4. 🌦️ Embrace volatility - Bear markets are inevitable, but they are also opportunities. - 📉 -30% today? Remember: In 2020, Bitcoin dropped 50%... and then soared 500% 🌙.
5. 🔄 Learn from mistakes - Did an investment go wrong? Analyze what happened and turn it into a lesson. - 🧩 Every mistake is another piece on your path to success.
🌍 The Great Lesson The crypto market is a journey of self-discovery. Those who succeed are not the ones who predict the price, but those who master their emotions. You have the control!
📢 How do you handle tough moments? Share your tips and inspire others!