I Just Lost $2 Million In Crypto

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Why Bitcoin Fell:
24 hours ago, there was news that China clamped down further on their regulation on Bitcoin, and that sent a blow across the markets, causing the price to go down.

Now, in all fairness…this information is NOTHING NEW, it happens on a REGULAR BASIS…and even though many of these policies were ALREADY IN PLACE…the worry is that China might continue to ACTUALLY CLAMP DOWN even further, driving markets away from the region, and that would have an impact on future pricing.

Instead, we have an even bigger concern: TETHER
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Tether is what’s known as a “Stable Coin,” which means its value is always pegged and redeemable 1-to-1 to the US dollar. For cryptocurrency, this actually serves a REALLY USEFUL purpose of being able to digitalize your money, send them around exchanges instantaneously, and keep them easily accessible for whenever you need them.

HOWEVER…over the last few years…there’s been the growing suspicion that there’s not actually any PROOF that Tether is REALLY backed by USD…and that, perhaps…there’s nothing stopping them from creating as much Tether as they want, buying up Bitcoin, and essentially creating the illusion that’s it’s backed by USD if…in fact…it’s NOT.

The worry is that, if it turns out that Tether has been artificially created to drive up the price of bitcoin…that has the potential to break people’s trust in cryptocurrency, and – potentially send prices downward. When this happens is ANYONE’S guess…but, it’s certainly something to be made aware of.

But, overall…in the big picture…I think it’s more important to understand your risk tolerance, and if you have the money to accomplish your goals…there’s no shame in taking profits. I think it’s unhealthy to have the mindset of “diamond hands” at all costs, because it promotes a narrative that it’s disgraceful to sell…when, in reality, these are all investments – and there’s going to be a time where you cash out. It’s about understanding when you’ve won, don’t get greedy, be objective, and take profits along the way to hedge your position.

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Those Discouraging Phone Call

One day this past week, I decided to stay home and catch up on a little bit of reading. It’s not often that I take a day and not go to the office and just pander around the house. Sometimes it’s necessary to do such a thing, and I don’t do it often enough. The Gracious Mistress of the Parsonage had a day planned of shopping as well as an appointment at her doctor. She would be gone the whole day, and so I would have the entire day to myself. I was looking forward to it. Who wouldn’t? I really was mistaken about this idea. For me to have a day by myself is a wonderful idea, but it’s still back in Kansas. The wife just left the building, I had settled down with a stack of books I needed to go through and, of course, a hot cup of coffee to the left of me. I was looking forward to a wonderful day. I sighed a deep sigh and opened up the first book. Then I got a phone call. I wasn’t prepared for the phone call, so I answered, expecting to talk to someone.

Different Types and Genres of Animes

Animes have highly influenced the Japanese culture, and the influence is not only limited to Japan but has spread to the whole world. It is highly contrasted from the cartoons that are traditionally made. A majority of the people have also developed an interest in learning the Japanese language from the animes.

The Difference Between Western Anime and Japanese Anime

Origin of anime The origin of anime is in the country of Japan. The word anime is pronounced as ‘ah-knee-may.’ It is a short form of animation.

Unique Characteristics of Animes Which Makes Them Popular

Animes have grown to become an important part of the Japanese culture and around the whole world. People are consuming them more and more with each passing day. The producers are constantly working to make Japanese anime reach a wider audience, and for the same reason, they are also trying to work on the technical front and make the visuals more refined using animations on computers.

Reasons for Increased Popularity of Animes

Animes are occupying a large base of audiences since their emergence, and especially in recent times, it has seen a heavy rise in the audiences who consume animes daily. Different animes show different styles. The ‘Samurai Champloo’ has a royal style, and on the other hand, the ‘Azumanga Daioh!