Making a fortune in digital currency and internet business cycles (1)
the first part; What is a business cycle?
To understand the events of the financial markets, we need to get acquainted with two concepts called "market cycles" and "business cycles". Market cycle is the period of ups and downs that common people know as boom and bust. About every 10 years, an economic recession occurs and then a new market cycle is born. Business cycle is a completely different concept; Business cycles are industries that are growing in the current market. Due to the use of advanced and transformative technologies, these industries have the greatest opportunity for growth in the future.
For this reason, understanding this concept is much more important than the market cycle. The beginning of the business cycles coincides with the extremely high efficiency of the nascent industries, and the life of the cycle ends when the industry fully matures and the efficiency reaches a normal level (about 15% currently). Market cycles can occur within business cycles, but the reverse is rarely the case. Even if you're not an opportunistic person, business cycles are a great chance to change your life and make you rich.
Crypto, a business cycle for economic growth Crypto is a prime example of an equal market; It's just you and the codes. If you make a mistake, no one can save you. For example, if you send money to a wrong address, you cannot ask the acquaintance to return this amount to your account. No bank will give you better terms just because you are a celebrity. This is why so many people at different economic levels have managed to climb up the socioeconomic ladder through crypto.
Although the increase in the price of digital currencies has played an important role in the advancement of these people; But the main reason for their success has been entering a business cycle at the right time and it has created a high return for them. Crypto is an almost frictionless (unregulated) and unmediated market. Instead of going through various processes to get approval from traditional centralized banks (conditions usually reserved only for wealthy people), you can easily invest in the digital currency market. Also, withdraw or transfer your capital without having to answer to different authorities. Crypto is a skill-driven space and rewards talented people regardless of socio-economic status.
In short, being on the growth path of a transformative technology and a frictionless, unregulated market means you don't want to miss out on the opportunity to make a fortune in the business cycle. This is the best option to get rich and you will probably see it once in decades. Missing a business cycle is like throwing away a lottery ticket.
Source : mihanblockchain