Daily Bulletin

Men's Weekly

.

The Top Risks of Bitcoin Investing: What You Need to Know Before You Buy

  • Written by NewsServices.com

Bitcoin is a digital currency that has taken the world by storm. Any government or central bank does not back it and instead relies on a peer-to-peer network to process transactions. This makes it a very volatile investment, and there are several risks associated with buying Bitcoin. This blog post will discuss the top risks of investing in Bitcoin and what you need to know before you buy.

Let's take a look at these risks.

The Volatile and Fluctuating Market

You might have heard that the price of Bitcoin varies daily, and it does, making it very risky for investors who don't know what they're doing. While volatility is normal in the technology sector, you should still be aware of its risks before investing your hard-earned money. Another thing to note here is that BTC is currently trading near an all-time high.

If you understand yesterday's article on how bubbles work, you can see why this can be dangerous for new investors to go into while the euphoria is still happening. Immediate Profit is among the leading crypto exchange platforms with the best features and assures the best trading experience.

Cybertheft

Bitcoin presents a unique opportunity for cybercriminals. Because all transactions are irreversible, it's a safe way to launder money and merchandise that has been obtained illegally. This makes bitcoin a global currency that anyone can use without the government interfering. But at the same time, this lack of interference from authority can be very risky for those wanting to use bitcoin as an investment vehicle.

Many black market sites such as Silk Road have used bitcoin as their main form of payment before authorities shut them down. And because there is no central governing authority regulating bitcoin, you can never be 100% sure your transaction will go through.

Fraud

Bitcoin exchanges where people can Buy Bitcoin are not regulated similarly to traditional exchanges. Since bitcoin's decentralised nature offers anonymity, it has been used in illegal activities such as drug dealing, money laundering, and tax evasion. The lack of regulation allows users to take advantage of loopholes and causes volatility in the market.

When bitcoins are stolen through hacking or scams, they tend to have fewer recovery options than other financial products because cryptocurrency transactions are irreversible by design.

Little or No Regulation

The federal government doesn't have the authority to regulate Bitcoin. However, it can continue to monitor cryptocurrency to determine whether or not it will consider regulating it in the future. Regulating cryptocurrency at the federal level would require Congressional approval, and this may be difficult because no single industry can lobby Congress to take action. Thus, a regulation policy could change over time depending on which party controls each branch of government.

Technology Reliance

Any government doesn't regulate Bitcoin, and it's a technology that needs to be understood to be used properly. Bitcoin is known for its innovative technological nature, but it’s so different from conventional currency makes it difficult to use at times.

The Bottom Line

Whether you're an investor or just fascinated by cryptocurrency in general, there's no denying that Bitcoin has taken the world by storm. While some early adopters have had truly great returns on their investments, it is also true that this allure of easy money will not last forever. The good news is that if you're a careful and educated investor, there's no reason why you can't be successful with Bitcoin as well.

Businesses now at risk of being sued due to poor air ventilation

  • Written by Tess Sanders Lazarus

For many businesses across Australia, COVID has just been a long, never ending saga of hurdles, obstacles and challenges. During lockdowns, businesses had to find creative ways to stay afloat. As vaccinations became available, businesses then had to find ways to navigate the potentially tense situation of dealing with patrons who were unwilling to get vaccinated. The latest spanner in the works is that businesses are now at risk of being sued due to inadequate ventilation.

Australian security expert, Scott Cairns, CEO of Secure Your World, explained that businesses are now at risk of litigation if they do not have adequate COVID air quality practices in place.

“Just as businesses were starting to get back on their feet, they’ve been dealt with yet another blow. However, in this period of COVID, businesses should take note that it is also for their own personal safety, to ensure they improve the quality of air ventilation in their premises to limit the spread of respiratory diseases,” Cairns said.

He has outlined his top tips on how to improve air quality in indoor venues.

How good ventilation prevents COVID from spreading

“Omicron is known to be a highly infectious strain of the COVID-19 virus. This means that maintaining good air quality in indoor venues should be a top priority. Covid can spread and infect people when an infected person unknowingly disperses droplets or aerosols containing the virus,” Cairns explained.

“If you think about it logically, it’s easy to understand. Crowding a lot of people into a small space is never a good idea in the first place. This is why density limits have been introduced to allow fewer people into any given space. And it’s also why good airflow is required to minimise the build up of infectious aerosols in indoor venues.

Using an air quality monitor

Cairns strongly encourages business owners to purchase an indoor air quality monitoring device. These work by measuring the level of carbon dioxide in the air and can be used as an indication of how well a place is ventilated.

“As we breathe out, we exhale carbon dioxide. So if a particular venue does not have good airflow, the amount of carbon dioxide in the air can build up,” Cairns outlined.

“In the case of these air monitors, carbon dioxide levels can be a gauge as to how well the air is circulating in a space, and how likely it is for potentially allowing the spread of COVID.

“If there isn’t good air flow and an infected person is present, you are more likely to get infected, than if the place were well ventilated.

“One of the most popular models, the ABUS AirSecure carbon dioxide monitor, reliably warns you of increased levels of carbon dioxide, temperature and indoor humidity levels. The sensor has a service life of ten years. It comes with a large OLED displace, and LED indicator and has an integrated acoustic alarm.

“It’s amazing to think that a simple device like this could potentially keep you from getting infected. And now, it could even save you from a law suit from a disgruntled patron! The device can be used in any indoor setting.”

Staying vigilant as time goes on

Now into the third year of COVID, time has certainly ticked on, and it’s easy to be lulled into a sense of apathy.

“Now is not the time to relax the safety practices that were so constantly at the forefront of our thoughts in the past two years,” Cairns emphasised.

“As we return to our daily routines and habits, it’s more vital than ever that everyone remembers to maintain high levels of hygiene and cleanliness. Masks must be worn indoors and air ventilation must be a top priority.”

The rise of caution fatigue

“Psychologists have termed it caution fatigue, when people have become less motivated about coronavirus safety. We have become desensitised to the stress and warnings, and disregard the risk of infection and seek out rewarding distractions such as human connections,” Cairns added.

“The brain copes with prolonged fear and stress by lowering its stress response. The brain starts to evaluate whether a stressful situation is real or perceived. It can be a chore to keep wearing masks and sanitising everything because we have normalised COVID. This is a huge risk especially as COVID keeps mutating.”

Getting back on track

“What’s the best motivation to regain your focus? It’s to think of others and their safety. If you keep in mind the risk that you might be creating for others, you are more likely to stay committed to keeping yourself safe too,” Cairns suggested.

“I strongly recommend businesses to follow government and health guidelines which have been drawn up with public safety in mind. Following these rules will give you the best shot at making it through this new curveball of the pandemic.

“It’s disappointing that patrons would consider legal action against businesses over such matters, afterall it’s been such a hard couple of years. If you are a business owner, it’s important that you take steps to safeguard yourself against potential lawsuits. Simply getting a carbon dioxide monitor is a cheap and easy way for you to get a little extra peace of mind.

“A lot of consumers are carrying these monitors around with them when visiting indoor venues. Business owners need to be on the front foot and ensure they are managing air quality – because their customers or potential litigants are.”

About Secure Your World

Secure Your World is Australia’s leading online retailer of safety and security equipment and technology. With over ten years of experience in the security and safety industry, the company has a range of security options including smart home, outdoor security and commercial security systems. Its entire range of products are durable and comply with relevant Australian Standards.

www.secureyourworld.com.au

How to Extend the Lifespan of Your Conveyor System

It’s easy to forget your conveyor is even there, until it stops. And when it does, you’re in a world of delayed orders, unexpected downtime, and one very expensive headache. But the good news is tha...

Daily Bulletin - avatar Daily Bulletin

Virtual CFO Hiring Checklist: 10 Expert Tips in Australia

Hiring a Virtual CFO (VCFO) is no longer just reserved for large corporations. In today’s business environment, where agility, compliance, and strategic foresight are essential, Australian startups...

Daily Bulletin - avatar Daily Bulletin

Top Mistakes to Avoid When Hiring Office Removalists in Perth

Moving a workplace is more than shifting workstations and computers; it is a complex project that can affect staff morale, customer service and revenue if it goes off-track. Perth’s commercial prope...

Daily Bulletin - avatar Daily Bulletin

Reliable Castors for Sale in Melbourne – All Types Available

When you need to move something heavy like a trolley, chair, or toolbox, you probably don’t think twice about the wheels underneath. But those little wheels, called castors, do all the hard work. Th...

Daily Bulletin - avatar Daily Bulletin

Reliable Materials Handling Solutions for Safer and Faster Workflows

Handling materials the wrong way can slow down operations and hurt workers. According to Safe Work Australia, manual tasks like lifting, carrying, and pushing are behind over 20% of serious workplac...

Daily Bulletin - avatar Daily Bulletin

Improving Leadership Skills Through Business Coaching

Good leadership has nothing to do with knowing everything. It's about being open to learning, making intelligent choices, and getting the best out of those around you. No matter if you work with a ...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals