What is Economics
Economics simply explained
You’ve probably read and heard the term “economics”, you may have even taken a course on it, yet you might find yourself hard-pressed if asked to define the meaning of economics. If this is you, then keep reading.
By the time you’re done reading this, you’ll know exactly what economics is and why it’s important.
Let’s start with a definition. According to Merriam-Webster, economics is defined as:
“relating to, or based on the production, distribution, and consumption of goods and services”
That’s a good start, but I feel the meaning of economics is still…
Bitcoin’s value proposition simply explained
If you ask this question to 3 different people you are likely to get 3 different answers and they would all probably be right.
The reason bitcoin is hard to explain is because it serves more than a single purpose (it’s more than just one thing), and this is where the confusion stems. But don’t worry, by the time you’re done reading this, you’ll understand bitcoin better than 99% of people that are considered veterans in the space. Your comprehension will be at a level that will allow you to explain it to your grandmother.
When you hear ‘volatility’ it just means that an asset has the tendency to change in price rapidly and unexpectedly.
Bitcoin is certainly volatile. It can go up or down 10% in a day or 30% in a month, or even 85% in a bear market and it wouldn’t be unusual (a bear market means the price of an asset keeps setting lower lows for an extended period of time). …