DeFi a.k.a. decentralized finance is here to over throne traditional banks, yet the billions of dollars worth institutions are still blind to the new age of finance.
What are the services that come to your mind when you think of a traditional bank?
- Checking accounts
- Loans
- Savings accounts
- Debit and credit cards
- Merchant services (credit card processing, reconciliation, and reporting, check collection)
- Treasury services (payroll services, deposit services, etc.)
Or whatever you can think of as a financial service that a bank provides is called decentralized finance, in short DeFi, when you use a blockchain to automate them. To be fair, this is a fundamental definition and deserves some further explanation to concretize its potential in your mind.
DeFi consists of many enablers, like digital assets, financial…
Here is what NFTs are hiding behind all the reckless spending appears on media.
You’ve likely heard of NFTs for the first time from the epic sale of Beeple’s collage for more than 69 Million Dollars. The headline was probably something like “a jpeg file is sold for 70 million dollars”. Oh, and they must have included the keywords “bubble”, “mania”, or “madness” somewhere in the article for sure.
Yet if you’re reading this piece, you could not be convinced with shallow “insights” and must be willing to dig deeper to learn if there is a hidden gem in these NFTs, behind all the public disdain.
Let’s start from scratch, the definition! NFT means…
The money of the future officially goes mainstream.
There have been many important milestones in Bitcoin’s price.
- Bitcoin: A Peer-to-Peer Electronic Cash System was published in 2008 by Satoshi Nakamoto. It didn’t have any value back then and was just an idea on paper.
- Bitcoin’s price reached $1 for the first time in 2010.
- The price has hit more critical milestones for mass adoption in the following years and made its way to first $1000 in 2013 and $10000 in 2017.
Today, one Bitcoin is trading around $54,000.00. More importantly, its total market cap is over $1 Trillion as of today. If the numbers don’t tell anything by…
There is much more than YOLO gambling, rocket emojis, and to the moon memes behind the story.
This week, everyone on social and mainstream media, newspapers, and even Elon Musk and AOC talked about the Reddit community, r/Wallstreetbets, liquidating billions of dollars worth of hedge funds’ positions.
The internet community pulled this off by betting against hedge funds’ short positions on small-cap stocks like GameStop($GME) and AMC Entertainment Holdings($AMC) by buying their call options and pushing the prices higher.
As there is no lack of availability about what the story is about, I’ll not tell you the story from scratch.
In case you still didn’t read or heard about what happened, you may want to check here…
A glimpse at ways the Regulation Crowdfunding revolutionizes investing and wealth distribution.
There is a simple paradox of investing that you need to invest if you want to grow your money. Yet to make a decent amount from investing, you need quite a sum of money already from the beginning.
If you need to invest in real estate, you need at least around 10% of the list price as a down payment in most countries.
To invest in a company early, either you’ll have an annual income exceeding $200,000 ($300,000 for joint income) or $1,000,000 net worth to get access to venture capital funds, hedge funds, or be an angel investor yourself.
…
Some personal observations and a set of recommendations
It’s natural for one to take big risks believing that it would lead to big rewards.
If you aim to win big, it’s fair that the risk you should take is proportionally big as well. It’s fine! Though I want to talk about a couple of problems with this way of thinking.
When the “big risks” and the “big rewards” are together in a statement, our brain focuses more on how “big” the reward is and avoid the second “big” next to the risks.
While making an investment, starting a business, making consequential choices, and even giving small daily decisions…
And what are the learnings you can get out of it?
Being right about a tech trend may retain a billions of dollars worth opportunity.
You may build a tech empire around an accurate prediction in today’s tech world. You may also join a team with a common goal to make a real difference or invest your money in the right founder to leverage a shared vision.
In all these ways, being right even once may create a life-changing opportunity.
Now imagine being right for 55 consecutive years!
Gordon Moore, the co-founder of Intel, was not only right, but he has also put his money and effort into where his mouth…
Don’t listen to the fancy indicator pitches. You already have the best trading tool one can get.
“Knowing yourself is the beginning of all wisdom.” — Aristotle
It may sound extravagant to start a trading story with a self-awareness quote. Yet, I cannot think of better entry to this story than these wise words of Aristotle.
Once you start trading, there are many basic concepts you should learn first. Support, resistance, Fibonacci, RSI, MACD, moving averages, and many more technical analysis tools are only some of these, and they may indeed leverage your trading up to a point once you learn how to use them.
On top, you will come across many people pitching their “perfect” tool…
Building wealth is a life-long journey, full of ups and downs. To reach the peak, you need the right set of tools beside you.
There are many ways to build wealth but I’ll be talking about the way through investing in this piece.
Investing is one of the ultimate paths to building wealth, and despite many falls to the trap, it’s a shallow mistake to consider it only as a matter of growing your wallet.
That’s true! To build wealth, you first need to reach financial independence. Yet to maintain what’s in your possession once you’re there, you first need to learn how to be wealthy before you become one.
Your journey must begin with knowing the basics, theories, the timeless facts of how…
When it comes to stocks, those who have an opinion exceed those with no idea. Here are some ideas worthy of your attention.
An investment professional, Michael Burry, was one of the few who predicted the 2008 mortgage crisis and the financial collapse. That day, lots of people were thinking that the housing market is a solid investment which will keep growing forever. As in many stock market stories, the majority was wrong once again!
When it comes to the stock market, everybody knows which stocks to pick, which assets will perform the best in the upcoming years, and everyone knows a hidden gem no one else has discovered yet. Let’s first start with muting all that voice when giving an investment decision.
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Furkan SAATCİOĞLU
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