You have to do something with your profits to really maximize your potential. Selling off some profits to buy more of your assets at lower prices & rolling some profits into assets that have not yet seen as big of a pump in the bull market – just to name a couple!
Doing nothing with profit and letting your assets sit, however, will take a longer time horizon to grow your wealth to the same level.
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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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What is the Metaverse and Will it Support NFTs?
The Metaverse is a virtual world in which users inhabit a personal space and interact with other users using an online avatar. These avatars are fully functional and allow users to move around, talk and take actions. They can own virtual property, sell it, and even trade it with other users. The metaverse also offers cryptocurrency, which can be used for these purposes.
The concept of the Metaverse was first introduced by Facebook CEO Mark Zuckerberg, who describes it as the next chapter of the internet. The idea of a digital world where people can do whatever they want has generated quite a bit of interest in the public. In the metaverse, users can gather with others to play or work, shop, and learn new ideas. People can even make friends with AI avatars.
Zuckerberg argues that the Metaverse is the future of the mobile internet, as it enables individuals to create virtual worlds that are connected to their real lives. He also teased that Facebook would support NFTs in the future. In the meantime, it’s unclear whether the social network will support the Metaverse, but it seems likely that it will. In the meantime, Facebook is investing $10 billion into the project. Many prominent figures in the crypto community have also expressed similar views. One of them is Raoul Pal, a former hedge fund manager who is an outspoken crypto enthusiast.
A few tech companies have made plans to explore the Metaverse, including Microsoft, NVIDIA, and Epic Games. Even VISA, which has invested in blockchain startups such as Decentraland, has gotten involved. The Metaverse runs on the Ethereum blockchain, which provides top-grade security. However, it is possible to encounter high gas fees, which is an added drawback. Moreover, The Sandbox offers powerful tools for creating virtual worlds and animations.
