What Is Cryptocurrency And Trading?
I have had a number of friends and family who have reached out to me lately wanting to know what cryptocurrencies, bitcoin and trading are. Many people have either heard through the news or overheard conversations of people who have ‘made it’ through crypto/bitcoin.
My usual response to people when they ask me this is that “it is the fastest way to lose all your money!”
A lot of people when they hear about crypto quickly think of how they can throw a few dollars at it, wait for a few days, and then go buy themselves a house in Borrowdale Brooke. They always think of the success stories and are however very quick to exit the conversation before they hear about the horrors.
Cryptocurrencies are very volatile and when one thinks of them they should think of the Zimbabwean dollar in 2008, where the amount you pay for bus fare in the morning, is half the amount you’ll pay in the afternoon on your way back.
Now to what is Cryptocurrency?
Zimbabweans will find it very easy to understand and appreciate especially those who have lived through 2008 and 2016 in our motherland.