Cryptocurrency
The first ever cryptocurrency.
What is Bitcoin?
The psychological condition of perpetually seeking the thrill of gambling.
What is gambling addiction?
The type of savings account with an especially high yield.
What is a high yield savings account?
This represents a piece of ownership in a company.
What is stock?
An easily tradable commodity representing value itself.
What is money?
The main issue preventing cryptocurrency from being a regularly used form of money.
What is price volatility?
The type of product which gambling is legally considered, as opposed to a financial product.
What is an entertainment product?
The word for money a saver receives from their bank.
What is "interest?"
The passive income gained from owning a stock.
What is a dividend?
The abbreviation for "foreign exchange."
What is "Forex?"
What is electricity?
The phrase describing a casino or gambling site's tendency to ALWAYS extract more money from their customer base than the customers can take out.
What is "the house always wins?"
A way of saving money for a fixed amount of time to receive a set result.
What is a certificate of deposit?
The principle axiom of stock trading, the only means of making money from trades.
What is "buy low, sell high?"
The system which set the price of currency to a certain amount of gold.
What is the gold standard?
The system of decentralized ledgers which maintains the fidelity of Bitcoin transactions without a central bank.
What is blockchain?
The tendency to keep going after sinking a ton of resources into a failing venture.
What is the sunk cost fallacy?
A financial product offered by the government in which an individual lends money to the state.
What is a government bond?
An asset which someone owns with the expectation that its price will go up over time.
What is an investment?
The term for currency without an officially set price.
What is floating?
The process of minting new cryptocurrency using tremendous computing power.
What is crypto-mining?
The year in which the federal ban on sports betting was overturned by the Supreme Court.
When was 2018?
This retirement fund allows the saver to pay taxes at the time of deposit, saving them money on taxes in the future.
What is a Roth IRA?
The process of betting against the price of an asset.
What is short selling?
The only way to make a profit from trading foreign currency.
What is "buy low, sell high?"