Just like we take profits on the way up to mitigate the risk of a future down trend, there is such a thing as mitigating the risk “in reverse.” If we have bottomed, you don’t want to walk away with no exposure to the market at these levels. If you think there is a 20% chance that we’ve already bottomed, then it wouldn’t hurt to take 20% of what you have on the sidelines and scale it in at these levels.
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
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Is Facebook Threatening the Metaverse?
The concept of a metaverse has gained a lot of popularity in the digital world. Blockchain-based applications allow users to purchase virtual land and play games to earn money. A few of the most popular metaverses include SecondLife, Decentraland, and Axie Infinity. The latter is built on the Ethereum blockchain. Axies, the non-fungible tokens that make up an Axie, can be constructed from over 500 body components. These Axies can breed with each other and produce offspring, which can be sold on the gaming platform.
Facebook is one example of a company that may be threatening a community-run Metaverse. Facebook is constantly facing antitrust questions, and critics have accused it of spreading misinformation and division. Facebook’s role in the Metaverse is not clear, but there are other factors that could affect its future. The most important thing to remember when considering whether or not Facebook will have any impact on the Metaverse is that it cannot be owned by one company. Several companies will be playing a role in the creation of the metaverse’s infrastructure, as well as helping to shape its design and function.
Facebook’s CEO Mark Zuckerberg recently mentioned the Metaverse during a company call. In the speech, Zuckerberg called the metaverse “the next big thing,” and referred to the company as a “metaverse company.” He also mentioned that Facebook was investing tens of billions of dollars in virtual reality, as well as creating new projects that would support its vision. But there are some critics who doubt that Facebook will be able to keep its promise of being the leader in this emerging technology.
