Cryptocurrency
Does The Bedokian Own Cryptocurrencies?
By The Bedokian Portfolio  •  December 17, 2023
Photo credit: amhnasim from pixabay.com Short answer, yes. Some of you may have felt ironic as I had opined cryptocurrencies (or cryptos for short) to be highly speculative, and yet I had dipped my fingers into it. So, what gives? Speculation, for the most part, goes hand in hand with exuberance, which in turn suits one of the most basic human desires: greed. Cryptos, with stories of their meteoric rise, gave the opportunity to have a very quick growth in wealth and capital compared to other traditional asset classes and means of generating income (e.g., the 9-to-5 slog). It is this get-rich-quick outlet that attracted a lot of people and thus piling their monies into it, with some even on leveraged terms. As with most mania in history, however, the good times did not last long as the saying “what goes up must come down”...
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By The Bedokian Portfolio
My first encounter with the financial markets started in the aftermath of the 2008/2009 Global Financial Crisis. Before this, I had no notion of what investment and trading were, although I had learned about economics, business management and accounting back in my university studies. I was a trader when I first started, albeit an amateurish one, and trading was just a side hobby of mine ...
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