#CEX Quiz
🚩 Task: "Can Crypto Save You from Inflation?"
⤵️⁉️1. Why can crypto fees feel like "inflation in disguise"?
✅They can eat into your savings due to high transaction costs.
⁉️2. How many Bitcoins will ever exist?
✅21 million.
⁉️3. Why is Bitcoin called "digital gold"?
✅It has a limited supply, like a rare collectible.
⁉️4. What is the video's conclusion about crypto and inflation?
✅Crypto can be helpful but isn't a perfect solution.
⁉️5. What is a common risk of using crypto against inflation?
✅Its price volatility.
⁉️6. What do people in hyperinflationary countries like Venezuela use Bitcoin for?
✅As a more stable alternative to their local currencies.
⁉️7. What's a potential downside of relying on crypto for savings?
✅Its unpredictable price swings.
⁉️8. Why are stablecoins considered less volatile?
✅Their value is tied to more stable assets like fiat currencies.
⁉️9. What does inflation do to your money?
✅It decreases its purchasing power over time.
⁉️10. What are stablecoins pegged to?
✅Real-world currencies like the US dollar.
⁉️11. What type of crypto might appeal to someone avoiding inflation but not ready for Bitcoin's volatility?
✅Stablecoins.
🚩 Task: "The Psychology of Losing Money in Crypto"
⤵️⁉️1. Why does the video recommend talking to other traders about losses?
✅It's therapeutic to share experiences with others who understand.
⁉️2. What does FOMO encourage traders to do?
✅Buy impulsively, believing the price will keep rising.
⁉️3. What are the five stages of grief in crypto?
✅Denial, anger, bargaining, depression, acceptance.
⁉️4. What is the "most important" thing to HODL, according to the video?
✅Your sanity.
⁉️5. What is the best way to view crypto investments, according to the video?
✅As a long-term strategy, not a short-term sprint.
⁉️6. What does the video say about the market giving second chances?
✅It always gives you another opportunity to trade.
⁉️7. What is loss aversion?
✅The pain of losing feels worse than the joy of gaining the same amount.
⁉️8. Why does losing money in crypto feel so painful?
✅The psychological concept of loss aversion.
⁉️9. What does the video suggest doing to cope with crypto losses?
✅Step away from the screen and focus on the long term.
⁉️10. What does the video compare losing in crypto to?
✅A rite of passage that all traders experience.
⁉️11. What's the overall message of the video?
✅+Learn from your losses, laugh at your mistakes, and keep moving forward.
⁉️12. What does YOLO mean in the context of crypto trading?
✅Taking huge risks because "you only live once.
@hsapro
