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‘#R.I.P Twitter’ Trends As Musk’s Ultimatum To Staff Reportedly Triggers Exodus And Offices Close—Here’s What You Need To Know

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Topline

Confusion reigns at Twitter as the company closed its offices and hundreds of employees opted to leave rather than sign on to Elon Musk’s demand they work longer hours, the latest in a series of chaotic developments as concerns grow that the billionaire’s leadership is putting the social media platform’s future at risk.

Key Facts

Hundreds of Twitter’s remaining employees reportedly resigned rather than agree to Musk’s “extremely hardcore” ultimatum to work long hours at high intensity, which had a deadline of 5 p.m. ET on Thursday.

The social media company abruptly told employees its offices would be closed until Monday, though it did not give a reason why.

The scale of the departure has reportedly sparked confusion over who should still be allowed access and the Platformer’s Zoe Schiffer said the closure is a stalling tactic to solve the issue and assuage the fears of Musk and his team, who are “terrified employees are going to sabotage the company.”

The exodus means multiple systems vital to ensuring the platform stays working now have just one or two—or, in some cases, zero—engineers servicing them, the Washington Post reported and the Verge said multiple critical teams “have now either completely or near-completely resigned,” both citing unnamed people familiar with the situation.

The latest Twitter turmoil sparked fears among users the platform could soon go dark, with many sending out goodbye tweets and “Goodbye Twitter” and “RIPTwitter” trending on the site.

Musk, ever the troll, was seemingly unperturbed by the situation, posting memes joking about the platform’s death and saying he is “not super worried” by the departures as “the best people are staying.”

What To Watch For

Though Musk says he is not concerned about the scale of the departures, there are signs that they are higher than expected. Before Thursday’s deadline, Twitter reportedly walked back its earlier demands that workers abandon working remotely. Previously, the firm asked workers it had fired to return as management belatedly realized their work or expertise was needed. Workers told the Washington Post and the Verge it is likely the platform will start to break soon, with those needed to repair problems absent or overwhelmed.

What We Don’t Know

It’s unclear exactly how many employees remain at Twitter. The company had more than 7,000 employees when Musk took over, a headcount he said was financially unsustainable. The billionaire fired senior leadership and Twitter’s entire board during the early stages of his leadership and laid off around half of the workforce. Musk has since fired staffers who disagree with him, sometimes publicly. Estimates of the number of remaining employees vary, though figures generally sit within the range of 2,000 to 2,500 people. Precise figures could be hard to attain in light of reports that most of the human resources team has left as well.

Tangent

Musk, without evidence, tweeted “record numbers of users” were logging in “to see if Twitter is dead” on Thursday. “Ironically making it more alive than ever.”

Forbes Valuation

$191.4 billion. That’s the estimated net worth of Elon Musk, according to Forbes’ real-time tracker. Musk, known for cofounding and leading electric car maker Tesla, rocket producer SpaceX and tunneling firm Boring Company, is the richest person on the planet. He purchased Twitter for $44 billion in October.

Further Reading

Elon Musk Gives Twitter Staff 2 Days To Decide If They Want To Stay (Forbes)

Hundreds of employees say no to being part of Elon Musk’s ‘extremely hardcore’ Twitter (Verge)





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‘Well, this is awkward’: Beer banned at Qatar World Cup stadiums in late backflip

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Alcoholic beer will be banned at Qatar’s World Cup stadiums in an eleventh hour U-turn by organisers.

Organisers are expected to make the announcement on Friday local time, two days before the kick-off of the Qatar World Cup — the first to be held by a Middle Eastern nation. 

The move has been confirmed by FIFA.

In a statement, soccer’s governing body said: “Following discussions between host country authorities and FIFA, a decision has been made to focus the sale of alcoholic beverages on the FIFA Fan Festival, other fan destinations and licensed venues, removing sales points of beer from Qatar’s FIFA World Cup 2022 stadium perimeters.”

Major World Cup sponsor Budweiser was to have sold beer within the ticketed perimeter of each of the eight stadiums three hours before, and one hour after, each game.

Shortly after news broke, Budweiser’s official account tweeted “Well, this is awkward …”. The tweet has since been deleted. 



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Marrakech Director Mélita Toscan Du Plantier Returns To Producing With Four Features Underway, Pacts With Cheyenne Federation

Post By Entertainment


Mélita Toscan du Plantier has spent the best part of two decades running Morocco’s Marrakech International Film Festival.

This work carries on the legacy of her late husband, influential French producer Daniel Toscan du Plantier, who was the driving force behind the festival’s launch in 2001, overseeing two editions before his death in 2003 at the Berlin Film Festival.

Famously well-connected within the film world, Mélita Toscan du Plantier has since put the event on the international film festival map, pulling together starry juries and guest lists that would not look out of place at Cannes.

This year’s edition, running November 11 to 19, featured Paolo Sorrentino, Vanessa Kirby, Diane Kruger, Justin Kurzel, Nadine Labaki, Laïla Marrakchi and Tahar Rahim in the jury while other guests included Jim Jarmusch, Julia Ducournau, Leos Carax, Paul Schrader and Indian mega-star Ranveer Singh.

During the pandemic, this work was put on hold after the festival was cancelled in 2020 and 2021.

Toscan du Plantier has used this hiatus to reboot her producing activities. In the 2010s, she produced four features – spanning Neeraj Ghaywan’s Masaan, Fatih Akin’s In The Fade, Benoit Jacquot’s Eva and Eva Ionesco’s Golden Youth – but her festival duties had distanced her from production in recent years.

“I stopped producing for a while but during the pandemic, I decided it was time to start again,” she explains.

She now has four feature film projects on the boil under the banner of her new production company Tosca.

They include LA-based French directorial duo Hanna Ladoul and Marco La Via’s Funny Birds, which is executive produced by Martin Scorsese.

The comedy-drama, about three generations of women from the same family forced to live together on a chicken farm, stars Catherine Deneuve, Andrea Riseborough and Morgan Saylor.

The film is currently in post-production, having shot over the summer in Belgium, with Newen Connect handling sales.

Projects in development include a joint project with Australian producer Emma Cooper, whose feature credits include Penguin Bloom, starring Naomi Watts.

‘It’s a thriller, written by her husband Harry Kripps, based on a book called The Safe Place,” explains Toscan du Plantier.

“We’re in the process of working on the script. We have the third draft. It will be finished soon and then we’ll start thinking about the director and casting, then finance. We hope to be able to shoot next summer.”

The project came about after Toscan Du Plantier spent time in Australia over the pandemic, producing short content for friend and fashion designer Christian Louboutin. During her trip, she spent time with Cooper who is an old friend.

Further projects include iconic actress Fanny Ardant’s fourth film in the director’s chair. Details are under wraps for now, although Toscan du Plantier does reveal that Martin Scorsese is taking executive producer credits on this film too.

Toscan du Plantier is also producing L’Absente du Noël, the second film by actress Karine Silla Perez about a family that goes in search of their missing daughter when she does not return home for Christmas. Casting is already complete and financing is underway.

“It’s based on a book she wrote that I loved. It’s a family comedy. After the pandemic, she came to dinner and I said, ‘What about this book? Are you going to make it into a film?’. She said, ‘I really want to do it with you.’”

Silla Perez’s directorial credits include the 2011 drama A Butterfly Kiss and the 2022 documentary Blossoming, a joint project with Stéphane Milon going behind the scenes of the set of Valeria Bruni Tedeschi’s film Forever Young.

In another development, Toscan du Plantier has signed a co-production pact with Julien Madon at Cheyenne Federation, a subsidiary of the Paris film and TV group Federation. Madon’s recent credits include the Netflix Original series Notre-Dame and political eco-thriller Goliath.

“We made a deal to co-produce films together. His company is now part of Federation, and they will have a first look on all the films I want to produce,” she said.

“Julien wanted to work with me for a while and open his line-up to art films. He’s very smart and has got great taste and he has this big group behind him. I was very interested in working with him too, he’s a friend and I trust him.

“Also, I didn’t want to have a real company with a back office. I still need a lot of time for Marrakech,” she continues. “I will focus on the artistic side of the projects and help with financing., while Julien handles the production side.”

Toscan du Plantier says that getting Marrakesh up and running again after a two-year break was a struggle at first.

“When we started to work in March but it’s hard to work on a festival when you’re not 100% sure it’s going to happen.  The pandemic has put us all in this weird state of mind,” she says.

“I was asking myself will I find strength and the adrenalin again but I was surprised to see how my passion came back. I still can’t believe we’re here and it’s happening – it’s really moving.”

As the 19th edition enters its final weekend, Toscan du Plantier is already looking to 2023, which will mark its 20th edition, even if the festival began 22 years ago.

“Because we missed two editions, the 20th edition will now coincide with the 20th anniversary of my husband’s death in Berlin in 2003 Berlin. It’s strange how it has worked out but it will be very, very touching for me.”





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QR Payment between Viet Nam and Thailand officially launched – Thai News

Post By Business


The State Bank of Viet Nam and the Bank of Thailand have launched QR payment services since March 2021 as an alternative means of cross-border payments between the two countries.

This will also drive the momentum for future collaborations on financial innovations.

Today, on 17 November 2022, Viet Nam and Thailand officially launched the QR payment linkage project, presided over by H.E. Mr. Nguyen Xuan Phuc, the President of the Socialist Republic of Viet Nam, along with Mr. Arkhom Termpittayapaisith, the Minister of Finance of Thailand.

To illustrate the practical use case of this linkage, Mr. Nguyen Kim Anh, Deputy Governor of the State Bank of Viet Nam and Mr. Ronadol Numnonda, his counterpart from the Bank of Thailand, participated in live demonstrations of cross-border QR payments between Viet Nam and Thailand, using mobile banking applications of their respective countries. 

This event showcased the successful application of the cross-border payment linkage between Viet Nam and Thailand, which facilitates customers and tourists as well as merchants to make and receive payments with convenience, speed, security, transparency and at low cost. Furthermore, this project promotes the use of local currencies for payments and settlements as well.

Source : Bank of Thailand

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Israel Caves Into US Pressure, Agrees To Provide ‘Strategic Materials’ To Ukraine

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Bowing to pressure from Washington, Israel has reportedly agreed to provide Ukraine with unspecified “strategic materials” worth millions of dollars.

According to a report in The Times of Israel, the decision comes after the Biden administration insisted that Jerusalem join NATO members to do much more than just provide humanitarian aid.

Israeli newspaper Haaretz, which originally reported the development, citing three senior European diplomats speaking on the condition of anonymity, said Washington wanted Jerusalem to supply Ukraine with anti-aircraft batteries.

However, following deliberations between the two governments and within the Israeli security establishment, Jerusalem eventually agreed to fund unspecified strategic materials instead. The report said Israel had asked all the parties involved in the deal not to disclose its details. However, the nature of the strategic material is known to Haaretz, the report added.

The European officials also told Haaretz that the Israeli defense ministry had also eased guidelines allowing NATO member countries such as the U.K. to provide Ukraine with weapons systems that use Israeli components like electro-optical and fire-control systems.

Although Israel has publicly condemned Russia’s invasion and sided with Western allies, Jerusalem has shied away from providing Ukraine with military equipment and weapons. This is despite Kyiv’s requests for the supply of air defense equipment with a particular interest shown in the Iron Beam, Barak-8, Patriot, Iron Dome, David’s Sling and Arrow Interceptor. Jerusalem has restricted itself to providing Kyiv with humanitarian aid, including helmets and bulletproof vests for medical teams.

The Israeli refusal to provide Ukraine military aid, citing limitations and operational considerations, is driven by Jerusalem’s own strategic security interests in Syria. Russia holds influence in Syria and Israel fears that the supply of weapons to Kyiv will anger Moscow.

The Haaretz report added that the Israeli government’s decision to fund the strategic material was a one-off agreement approved by Prime Minister Yair Lapid and Defense Minister Benny Gantz, leaving its continuation for the new government of Benjamin Netanyahu to decide. According to the report, the shift in Israel’s position was driven by Iran’s decision to supply drones and missiles to Russia.

As reported Thursday, Ukrainian President Volodymyr Zelensky has said that Netanyahu agreed to “consider” Kyiv’s request for its much-needed air defense systems. Before the elections, Netanyahu said in an interview with USA TODAY that if elected to power, he would “look into” whether Israel could supply weapons to Ukraine.





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India vs New Zealand | First T20I abandoned due to rain

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The first T20 match between India and New Zealand at the Sky Stadium, Wellington was delayed due to persistent rain on November 18, 2022. Photo: Twitter/@BCCI

The first T20 International of the three-match series between India and New Zealand was abandoned without a ball being bowled due to rain here on Friday.

The toss was delayed due to continuous downpour as sparse crowd waited patiently at the Sky Stadium.

India will play three T20Is and as many ODIs as part of their tour of New Zealand.

Both the teams are coming into the match following their exit from the semifinal stage of the T20 World Cup in Australia.

While India lost to eventual champions England, New Zealand were defeated by Pakistan.



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TotalEnergies plans oil exploration off South Africa West Coast

Post By Oil and Gas


TotalEnergies is planning to explore for oil offshore South Africa’s West Coast, where environmental groups have increasingly opposed such activity.

The French explorer proposes to drill one well, which could result in an additional nine wells depending on the success of the first, SLR Consulting, which is doing the environmental assessment, said on its website. TotalEnergies didn’t immediately respond to an email seeking comment.

Community and environmental activists in South Africa have blocked seismic surveys — include one planned by Shell in an area known as the Wild Coast — through lawsuits, citing risks to marine life and criticizing consultation processes. The government regulator in charge of licensing has pledged to improve public outreach processes.

The area of interest in the Deep Water Orange Basin is located offshore between Port Nolloth and Hondeklip Bay, about 188 km from the coast at its closest point, in water depths of as much as 3 000 m, SLR said.

Both TotalEnergies and Shell earlier this year made significant oil discoveries north of the block in Namibian waters.



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How to Fix YouTube Shorts Thumbnail Problem 2022

Post By Digital Marketing


Your YouTube thumbnail plays an important role in the representation of your video.

It gives people a clue about what your video is about and whether they want to watch it. As a YouTube creator, you must never downplay the usefulness of thumbnails. 

YouTube thumbnail problems can be a source of frustration for video creators.

If you want to figure out how to fix the YouTube Shorts thumbnail problem, this article will meet your needs and equip you with the information to rectify it. 

It is worrisome that despite the platform’s surging popularity, many of its video creators have been frustrated by recurring YouTube shorts thumbnail problems. 

If you are one of the creators who has constantly encountered similar problems and you have searched online for ways to rectify this problem, then you are on the right page!

There are no problems without solutions, and we have put together different fixes for YouTube Shorts Thumbnail issues. 

Luckily for you, this article also features some of the frequently asked questions about this problem. Let’s explore some of the practical and hitch-free fixes. 

 

Why is the YouTube Shorts Thumbnail Not Showing?

In the past, YouTube Shorts Thumbnails usually showed up on the shelf in a random manner.

This made it a bit of a challenge to figure out how they appear.

Presently, you can check out the way the thumbnail is displayed to your audience because YouTube shorts is currently a featured section of your channel on YouTube.

Today, creators have the option to create YouTube Shorts videos. A major YouTube shorts issue is that your thumbnail won’t immediately show up after your video is posted. 

By default, YouTube randomly selects a frame from a section of the video. This is far from perfect; research has shown that bold thumbnails can boost click-through rates (CTR).

It is noteworthy that after posting 10 YouTube Shorts, you won’t be allowed to create custom thumbnails. 

While this may not be good news, it is something worth considering because after publishing ten YouTube Shorts content, it will not be possible to set custom thumbnails.

 

How to Fix YouTube Shorts Thumbnail Problem

 

YouTube Selects a Thumbnail From the Short at Random

Now that we have clarified that custom thumbnails are not allowed on YouTube Shorts, it is easy to see that the success of your YouTube Shorts rests solely on YouTube. 

Presently, YouTube selects a frame at random from a section of your video clip to create a thumbnail for your Shorts.

This means that you can’t create a custom thumbnail for your YouTube Shorts. 

It will arbitrarily make its own selection. The only feature of the YouTube Short video you can directly tweak to improve its appeal is the title. 

Furthermore, if you set up a custom thumbnail for your video, that thumbnail will show up in the video listing.

However, the custom thumbnails won’t work properly in the Shorts slider tab.

As we have clarified, custom thumbnails are not allowed on YouTube Shorts. Instead, YouTube will select a preview of the picture for your Shorts through a randomized frame from your clip. 

So everything lies in the hands of YouTube’s selection process because it’s their rule.

Regardless of whether you wish to post a custom thumbnail or choose one from the clip, none of them will successfully show up on your channel or the user’s homepage. 

YouTube will solely be responsible for making the choice or decision. 

 

Ensure the Image You Set is 9:16

YouTube thumbnails play a similar role as cover art in the world of online content. Ensure you use a 16:9 aspect ratio for your YouTube thumbnail dimension.

A 9:16 ratio generates the vertical layout or orientation for YouTube Shorts.

Even if you have leeway in choosing any image size you desire for your YouTube thumbnail, your aim should be to pick the perfect one for the best results. 

The reason why YouTube recommends a 16:9 ratio for video and 19:6 for Shorts is that it is more appropriate for default thumbnails.

Once you do this, you can be assured that if your viewer sees any of your YouTube content, they can access the full image. 

Never make the mistake of setting a 16:9 ratio for your YouTube Shorts. If this happens and you upload it to your YouTube Shorts, it will show up in the video section. 

Once you have posted ten YouTube shorts, it will be impossible to set custom thumbnails to your videos. However, you can post your videos via PC to add thumbnails for the ten shorts left. 

You can set custom thumbnails for the first 10 YouTube shorts, even using the YouTube studio platform.

Even though uploading a 16:9 image may limit you from checking out the thumbnail for your videos, one strategy you can use to see it is to share the video. 

 

Make Sure Your Frames are of Excellent Quality

Thumbnails are effective in attracting your prospective audience and can help them decide if your video is best for them. 

We understand that as a content creator, it may be annoying because you can’t set your thumbnail for your YouTube Shorts.

And since it was randomly picked from a frame that is either blurry or isn’t clear enough, the thumbnail generated by YouTube doesn’t suit your preferences. 

If you are not pleased that your Shorts is not attractive enough because of the quality of the thumbnail, make sure that the entire frame in your video is of superior quality such that regardless of the thumbnail YouTube selects, it will be highly suitable and appealing.

Frame per second (FPS) or frame rate is a powerful indicator of your video performance on the screen. It analyzes how quickly your images show up on your screen in a second.

In layman’s terms, the higher your frame per second, the better your video quality. If your frame is of better quality, it can improve the appearance of your thumbnail, no matter what YouTube selects for you. 

You have to pay attention to the various components of the content since YouTube Shorts differ from YouTube videos.

An item of primary importance has to be a superb thumbnail for your YouTube video.

Instead of trying to create custom thumbnails for your YouTube Shorts, concentrate on the quality of your frame and the creativity of your YouTube Shorts content. 

The better your video frame quality is, the more beautiful your thumbnail will look. A video with a higher frame per second will probably get increased views and subscribers. 

 

Use Chrome Desktop to Add Thumbnail

Now, you can always add thumbnails to your YouTube Shorts video using your Chrome Desktop.

Since this feature is not currently available on the mobile app, an easy way to set custom thumbnails on YouTube Shorts is from the Chrome browser on a PC

However, Google Chrome or any other web browser on your PC can be used to set unique thumbnails on YouTube Shorts.

These thumbnails can only be accessed by interested viewers on your channel whenever they go through your channel.

This custom thumbnail will only be available on your YouTube channel.

But if the short is popping up anywhere else apart from your channel, a random frame will serve as your thumbnail.

This is why it is important that the Shorts you post on YouTube is of high quality with better frame rates.

Here’s how to set Shorts thumbnail via Chrome desktop

  • Launch the Chrome web browser and access youtube.com
  • On mobile, you have to allow desktop view in the web browser by tapping the hamburger icon in the top corner. 
  • Access the menu and click YouTube Studio. 
  • Choose “Channel Content” from the menu item on your YouTube channel interface. 
  • Click on the YouTube short video you wish to create a custom thumbnail. 
  • Next, click the Upload Thumbnail button below the section from the video properties. 
  • Then, please choose one of the thumbnails and upload them.
  • Now, upload and click “Save.”

 

Fix youtube Shorts Thumbnail Problem FAQs

 

What’s the Solution to “YouTube Shorts not Working”?

  • Install the latest version of the YouTube App. 
  • Clear the app cache file. 
  • Ensure your internet connection is excellent and fast. 
  • Reset your mobile device and try again. 
  • It could be that YouTube servers are offline, inactive or undergoing maintenance. 

 

Can I monetize YouTube Shorts?

You can earn over 45% of ad revenue that shows up between Shorts videos. YouTube is still improving its YouTube Shorts category.

From 2023, creators with 10 million views over three months can submit applications to monetize their content via YouTube’s Partner Program. 

 

What format is YouTube Shorts?

YouTube Shorts has a vertical video format that contains short content of 60 seconds or less. 

 

 

Conclusion

YouTube Shorts thumbnails aim to attract your audience to watch your video. Since it offers a teaser or preview of your video content, it is highly important. 

In this article, we explore ways to fix YouTube Shorts thumbnail problems.

Share this article with your friends and loved ones using the social media button below. 

 

Also Read:

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Neironix – Rating analytical agency

Post By Cryptocurrency


The investment world can be unpredictable, and even the best strategy, trading platform or market analysis cannot protect traders from unexpected events. 

While awaiting the end of the global health crisis, the world was shaken by new conflict, followed by an energy crisis and inflation. Has that got anything to do with the crypto winter throughout 2022, which led to a 61% drop in Bitcoin (BTC) prices? 

Keep on reading to find out!

Cryptocurrencies Over the Course of 2022

Though last year was a bullish one for many cryptocurrencies, the crypto winter of the first half of 2022 shocked investors. Currently trading under $19,000, Bitcoin is three times lower than its all-time high of over $68,000 last year. 

Here we should remind newbies that Bitcoin is the first digital currency, created by the mysterious figure Satoshi Nakamoto and launched in 2009. Bitcoin led to the creation of thousands of altcoins and tech innovations in the financial sector and beyond. In fact, the benefits blockchain technology comes with can improve numerous sectors, including medicine, education, and data management. Many even see decentralised finance as a path to potential financial freedom. 

“The world is gradually waking up to the fact that every form of money that exists at the moment, except blockchain-based Bitcoin and other altcoins, can be manipulated and weaponised by the political class and centralised institutions, especially during a crisis, to achieve their extreme totalitarianism and the people are opting out.” – Olawale Daniel

Though Bitcoin is highly popular, sometimes it can’t keep up with the crypto bears. That said, BTC is not the only asset experiencing ups and downs. Ethereum (ETH), the second largest coin after Bitcoin, is also down week after week. 

Yet, after the Merge, one of the most significant events for Ethereum and the crypto sector this year, many believe that market confidence will increase despite the crypto volatility, changing interest rates, and staggering inflation levels.  

Here we should explain that with Ethereum being the king of smart contracts, the Merge is an extraordinarily unique and rare event. The Merge is the savvy process in which Ethereum has finally moved from a PoW to a PoS consensus mechanism in order to operate in an energy-efficient way. Will that boost prices? Let’s wait and see!

Inflation and Cryptocurrency Trading

So is the inflation we are witnessing the main culprit globally for the crypto winter of 2022? First, let’s explain what inflation is. Inflation indicates how the prices of goods increase in a given economy. Naturally, when prices increase, people buy less. 

Note that there are three main scenarios: demand-pull inflation (when the demand for services is higher than the production capacity or when there is an increase in the money supply); cost-push inflation (when costs increase way too much); built-in inflation (when people want higher wages to cover their increasing living costs).

With inflation rates rising uncontrollably across the globe, many fear that hyperinflation is just around the corner. Hyperinflation is when prices increase rapidly over a very short period of time. This phenomenon is often a result of war or social conflict. To provide an example, Ukraine might be facing hyperinflation, with the Ukrainian gross domestic product (GDP) about to fall by 50%. 

While a country’s authority could cope with keeping inflation from growing into hyperinflation, now even big economies are struggling. In the US, for example, inflation rates are up to 8%. 

Thus, it’s no surprise that inflation affects the investment sector and the cryptocurrency market, in particular. To understand that, let’s explain here that one of the ways to fight inflation is the so-called contractionary monetary policy – when interest rates are increased to reduce the money supply. This way, credit gets more expensive and spendings decrease, which naturally slows any economic growth. 

So, what’s happening is that the US Federal Reserve is trying to overcome inflation by raising interest rates, which puts risk assets under pressure, as per Yahoo Finance. Why? Simply because by increasing interest rates, traditional assets like the US dollar become more attractive with higher yields. While the correlation between crypto and USD is still unclear, such links should not be ignored, and traders should keep an eye on different data, including the Dollar Index (DXY), the CoinDesk Market Index (CMI), the Purchasing Managers’ Index (PMI), and more. 

Inflation and Traditional Assets

Inflation affects everything. As of 28 September 2022, it’s not only crypto assets being affected by inflation. Data show a decline in traditional equities along with a drop in the Dow Jones Industrial Average (DJIA), Nasdaq Composite and S&P 500. 

Commodities, such as energy, crude oil and natural gas, have also dropped. Copper, which is an indicator of economic health, decreased. And believe it or not, despite being considered a safe haven, gold also fell 1.8%.

That’s not all! Business activity is shrinking while unemployment is increasing. Interestingly, when it comes to the connection between inflation and unemployment, Johns Hopkins University economics professor Laurence Ball told Reuters, “If either the labour market doesn’t behave, or (inflation) expectations don’t behave, the small increase in unemployment the Fed projects won’t be enough. Either inflation will stay substantially higher, or we will have higher unemployment and a substantial economic slowdown.” Will we beat inflation? Who knows?!

Trading Cryptocurrency in 2022

One thing is clear: the last couple of years have been turbulent for individuals, businesses and economies globally. While cryptocurrencies and blockchain technologies have proven their real-world value, we can’t ignore the fact that their volatility is linked to events out of our control. 

Besides, investing is influenced by investors’ risk attitude, so it’s no surprise that with the increasing inflation rates and changing regulations, demand is lower. Note that the law of demand and supply applies to the crypto sector. If a coin’s supply is low or if the demand for it is high, prices will jump. 

At the same time, many experts call the current crypto winter warm. Though BTC has dropped 61% over the course of 2022, many believe that the bulls will return. Some experts even say that now might be the right time to buy BTC, ETH, or any other asset. Buy low, sell high, right? 

If you also want to enter the cryptocurrency market now and purchase Bitcoin, we’ve got some good news. While success and profits are not guaranteed, today’s digital solutions allow almost anyone to get started. Investors can choose from a variety of trading apps, brokers, and exchanges to help them execute trades. 

For example, Immediate Edge is one of the popular platforms that connects traders and brokers. Note that the platform acts as a marketing tool and automatically transfers users to reputable brokers. Some brokers offer automated software, trading signals, market data, copy trading, demo accounts, and a variety of assets, including crypto, forex, stocks, and commodities. 

Despite the large number of online tools users can use to tame the crypto market, we suggest consulting a licensed professional to help you limit poor financial decisions. 

Tips to Overcome Inflation and Tame the Crypto Market

But hey! Despite the economic situation that we are in, one can beat inflation on an individual level. 

  • Many experts say that traders should keep investing. Don’t fall victim to fear and emotions, and don’t be too quick to sell to avoid monetary loss. Remember that losses are a normal part of the financial world, and only by embracing risks, you can potentially win.

  • Experts agree on the benefits of portfolio diversification. Holding cash won’t help you overcome the high inflation rates we are witnessing. Only by diversifying your portfolio, you can mitigate risks. Consider Bitcoin, Ethereum, Tether, Ripple, Cardano, Dogecoin or any other digital asset. Just remember one rule: invest only what you can afford to lose.

  • Experiment with opportunities! From finding opportunities for promotion to exploring new sectors, there are many ways to protect your wealth. Interestingly, Leandra Peters, Founder of Female in Finance LLC, told Forbes: “I’m doing this by continuing to invest in various low-cost index funds, but I’m contributing more to a different asset class: private real estate. Cash at this point is disappearing quicker than a Houdini magic trick, which is why I’m choosing to invest in assets that are gaining inherent value. Real estate is potentially one of the best ways to hedge against inflation as it has necessary value. Private real estate is expected to have strong returns in an environment where inflation is high.”

  • Review your budget. That’s right! When you can’t increase your profits, you should cut your expenses. Review your long-term goals and cut on short-term spendings, such as grocery shopping, vacation, clothes, and leisure activities. Think of that as taking control of your finances, not a limitation!

Final Thoughts

It’s clear that inflation is ruling the globe, even though governments are implementing different practices to reduce its detrimental effects. So has today’s high inflation rates got something to do with the fact BTC prices dropped 61% over the course of 2022? The answer is… maybe. The truth is that the correlation between inflation and crypto is still unclear.

Nevertheless, many experts say this crypto winter is relatively warm and believe now it’s the right time to enter the market. You can also join this world today!

Neironix is not responsible for the safety of your funds and does not provide investment advice.



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