THE VOLATILITY OF THE CRYPTOCURRENCY (BITCOIN)
BITCOIN article summary:
If there is something unstable in these times, that is the BITCOIN, last February it reached its historical maximum of 58,000 dollars. It all started after the CEO of TESLA, Elon Mursk, tweeted that Bitcoin was really high, that triggered the value, two days later the US Treasury secretary criticized the Cryptocurrency, and it plummeted 10%. All this shows how little stability this type of business has, since it is purely speculative (supply-demand).
On the other hand, Daniel Polotsky, CEO of COINFLIP, gave some advice for people interested in investing in cryptocurrencies "People should only invest what they are willing to lose" since something speculative like BITCOIN is unlikely to be stable in the future.
What the experts recommend the most to invest in BITCOIN is, if you have extra money, and you do not mind having it invested for a while, as soon as the value rises (if it rises) sell it.
DATA- The price of a BITCOIN as of 04/22/2021 is 44 thousand dollars, a year ago the value was 8 thousand.
The Insane Logistics of Shutting Down the Cruise Industry
https://www.youtube.com/watch?v=N4dOCfWlgBw
The video explains how COVID has affected cruise companies. Because of COVID, an event that had never happened in history occurred, all the world's cruises had to stop, at first it was thought that it would stop only for thirty days, but unfortunately it lasted many more days. All the businesses that had to close during this time received aid from their governments, these companies also, but unlike the fixed expenses that have monthly the aid were of little use, since each ship has about 1,500 employees and if we add the salaries of All these people plus the maintenance costs of the boat, it is a very high expense. Luckily, many companies have very high savings, so they decided to reduce fixed expenses to the maximum by laying off all staff, and with those savings they have been able to endure and not fall into bankruptcy.
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