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|Weather||31°C, Wind E at 26 km/h, 70% Humidity|
|Local time||Wednesday 14:16|
|Current weather||28°C, Wind NW at 18 km/h, 83% Humidity|
|Local time||Sunday 16:45|
|Location statistical region population||142,909|
|Mayor||Dr. Mohamed Muiz|
|Sports teams||Maziya S&RC|
|T.C. Sports Club|
|National Museum, Maldives|
|Mandhu College Maldives|
|Date of Reg.|
|Date of Upd.|
Malé is the densely populated capital of the Maldives, an island nation in the Indian Ocean. It's known for its mosques and colorful buildings. The Islamic Centre (Masjid-al-Sultan Muhammad Thakurufaanu Al Auzam) features a mosque, a library and a distinctive gold dome. Near the harbor, a popular fish market offers the day's catch, and a produce market is stocked with local fruit. ― Google
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The Lure of making a quick buck has always attracted Young People to invest in risky assets. For Generation Z , it is the volatility - and the decentralised Nature - of digital assets such as cryptocurrency and NFTs which appeals. But they Are unregulated, meaning there is little investor protection.
All he needed was his phone and trading thousands of dollars' worth of assets was only a click away.
Cryptocurrencies Are digital currencies while a " non-fungible token" (NFT) is a way of owning an original digital image, touted as the digital answer to collectables.
Just over a year ago, Paxton bought S$1,000 ($743; £739) worth of Bitcoin - One of The Most popular cryptocurrencies - which gave him a 10% profit straight away. He decided to quadruple his portfolio. But then The Price fell.
" There's always the saying 'buy low, sell high' but I did the complete opposite. I let my emotions get the better of me, " he says.
He had lost a thousand dollars, on top of all The Money he had invested, before he could pull his money out and re-strategise.
In The End , he only had a few hundred dollars left in his bank account.
" I think I almost went into depression. I had suicidal thoughts. "Gamification of trading
But cautionary tales of people losing huge amounts of money don't seem to deter Young traders.
A month after he started trading NFTs last August, he decided to quit his job as a marketing executive to trade them full Time .
YellowPanther now works with 29-year-old Resh Chandran, who offers training in conventional stocks, cryptocurrency and NFT trading in Singapore.
But he warns the space is a " wild wild west".
The pandemic has only accelerated this growing trend of Young People trading crypto and NFTs.
" There was an extreme level of volatility in the marketplace so when you have volatility you also have opportunity in The Market , " says Lily Fang, a professor of finance at INSEAD Business School .Financial influencers
For many Young wannabe traders, advice is readily available on platforms such as YouTube, Twitter and Reddit.
Brian Jung, 23, boasts One million YouTube followers but compared to other crypto influencers, he is known to talk more cautiously about the risks.
Brian's family emigrated from South Korea to the US and he believes his background affects how he invests and talks about money.
" Our Family always struggled financially so I always have this frugal mindset, " he says.
" My mum still works at the US Post Office and my dad works in a warehouse so I know One Hour of their Time Is still equivalent to dollar value. I see what that is worth, regardless of how much income that I'm getting right now. "
But as well as the opportunities to make money, Jowella enjoys being at the forefront of this new technology.
As governments around The World look to regulate the industry, she believes they will help legitimise crypto and NFTs.
" Regulators have to eventually compromise and realise that this is a tech they cannot ignore, especially when it's constantly penetrating this society, " she adds.Addiction or passion?
Aside from financial losses, another big danger is addiction.
" The crypto market never sleeps so people really literally get sucked into it, " says Mr Chamdran.
I asked Kelvin if he thinks he may be addicted. " You can put it that way, " he smiles. " But I would call it passion. "
Source of news: bbc.com