What does the term BLACK SWAN mean?
"Black Swan" describes difficult-to-predict events in the normal business course. They are unplanned, unexpected, but significant events.
These events are considered outliers because there is no prior data to suggest when they will occur.
It is a phrase commonly used in the finance world. It's a highly negative happening or event that is impossible to predict. In other words, black swan events are unexpected and unforeseeable events.
The 2008 stock market crash is a prime example, as it occurred unexpectedly.
With the knowledge of what “Black Swan” means, this article looks at the recent happenings in the Crypto space.
Some weeks back, a global crash in the crypto market unexpectedly hit the financial markets, negatively affecting crypto investors.
It's no secret that Bitcoin, the king of cryptocurrencies, fell from its all-time high of $60k to around $20k and has found it difficult to climb back up the ladder till now.
The price of bitcoin (BTC) has dropped again following the bankruptcy of one of the world's largest cryptocurrency exchanges, FTX. It is now approximately $17,460.
Hmmm, what a sharp fall, right?
If you hold any crypto asset, I can imagine what could be running through your mind.
What other investment best suits you now? What’s the way forward?
The questions listed above are just a few examples of what you might think, so let’s conclude with the way forward.
The simple way forward is to continue trading the forex market as you always have, and if you're new or have never heard of forex trading before, now is the time to jump in and earn a daily side income for yourself.
Forex trading is said to be centuries old, with the modern forex exchange market debuting in the early 1970s.
This demonstrates how forex trading has withstood the test of time, and now that you can trade the forex market from the comfort of your own home thanks to technological advances, why not make it a priority?
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