? A popular Korean streamer has once again opened a short position on BTC with a liquidation price of $28,800.

The position size is $2 million. This is not the first time the streamer has done this; he has already lost several million dollars on BTC shorts and has opened a new position each time.

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Crypto speak: Crypto winter?During “crypto winter,” ❄️ the markets go cold, so to speak, for an extended period: Prices drop, and investors shy away from funding projects.

?Naturally, when prices take a tumble, panic ensues among investors. When these sudden drops in value pin the market with downward pressure, it can last months—even years—testing the patience of even the most seasoned traders and investors.

⚙️The term “crypto winter” was inspired by the idea of “nuclear winter,” which is the hypothetical scenario after nuclear annihilation and the protracted period of darkness and cold that would follow. Therefore, a crypto winter represents troubling times in crypto markets.

In case you were curious about the current state of the crypto market, we’re neck-deep in a crypto winter?

?However, the good news is that the crypto markets also follow similar patterns to the four seasons we experience climate-wise. If we’re in a crypto winter at the moment, it’s only a matter of time before things start heating up again?

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You can make excuses all you want. But at the end of the day, that's just an excuse.

What is the difference between assets and liabilities? ?
⠀Friends, we decided to make a slightly non-standard post for our channel. Today we will tell you about the basic concept of financial literacy.First, I'll give you an elementary truth that the vast majority of people don't realize. Millionaires are not those who have made at least a million dollars, but those who have more than a million dollars in assets in their possession.

➡️ An asset can be considered anything that helps/helps you earn, as well as an investment from which the return will exceed the cost of maintenance.

For example, if you are an instagram blogger, a new phone for quality social media is your asset.If you've purchased real estate and are renting it out to your advantage, it's an asset. As soon as an apartment becomes a regular space in your possession - it becomes a liability.➡️ Simply put, a liability is anything that not only doesn't bring in income, but also takes it away. A new phone bought just to make calls is a liability. A new car sitting idle in the garage is also a liability.

❗️This is the basis of financial literacy and an adequate assessment of your wealth. We advise you to take a sheet of paper in your spare time and analyze which things bring you income and help you earn, and which only waste your resources.

❔ Now the question is: What do you have more assets or liabilities?? - more assets
? - more liabilities

Blockchain Basics - Everything you need to know about!