Next Global Currency

What is money?  Is it gold? Is it is bank notes? Is it even real?

Throughout time currency has taken the form of salt, stone and gold coins eventually leading up to what we now recognise today as an stablished currency.   Although constantly evolving in form, it has always represented our global perception of worth and acts as an intermediary for exchange as a globally recognised store of value.  For more info on how it. has evolved, checkout the video at the end of this blog by OpenLearn.  But what guarantees its robustness and measure of worth? With its evolution overtime, how can we be sure that it has reached its final form?  Surely it is naive depend on our current currency to stick around forever and close out minds to the possibility of another evolution in finance.  We must question what can hold worth, and ask ourselves what is in store for the future of money?

 

The issue with paper money despite being regulated and controlled, it can be reprinted and loose value with inflation.  Credit and other non-physical stores of cash can be hacked, and also loses value with inflation.  This is where bitcoin is differentiated.  It is in categorical limited supply, it is a digitised, decentralised (no one owns or controls price) store of worth.  Arguably it is still subject to a degree of bad behaviour, but nobody can print it or manipulate it.

No one can guarantee what the future will hold, however it is up to each of us to prepare for it. Money is simply worth what we believe it is worth, so we must choose to invest in what we believe to be the strongest, most robust hold of worth.  

I look forward to your future engagement with me on my blogging journey, please feel free to drop a comment below and stay tuned for my updates!

Revenue Without Risk

 

Smart investments aren’t the only way to make money with crypto currencies. People who know their stocks make big money by investing, but furthermore, they also profit by sharing their knowledge and experience and guiding other investors.  

Investor have multi-channel revenue systems providing them with income and facilitating their trades. What channels do they use? Here’s a list of just some examples: 

1.    Analytics Research Groups

Providing signal subscriptions

much like eToro’s  ‘copy trades’ feature we spoke about earlier, traders can set up their own version of this to notify traders exactly when and where to move their money but by doing this through a private channel, they can charge subscribers a fee for their services.  To check out an example of this head to elevate crypto currently.

2.    CreatingVideos

Using video sharing sites like YouTube, traders can make videos about market updates or general walk-though videos and if they build up enough traction and a wide audience they could land themselves a sponsorship deal with an affiliate link, or collect ad revenue by allowing ads before or during their videos.  Some streaming sites even provide revenue to content creators just for making their videos (depending on number of views and subscriber count) For more details on this check out the video below by BRIGHT SIDE.  This will then provide them with another profitable revenue stream. 

3. Self-Investment

Another stream is simply just using their knowledge on themselves and reinvesting their revenue into the markets.  

.   I look forward to your future engagement with me on my blogging journey, please feel free to drop a comment below and stay tuned for my updates!

Choosing a Trading Platform

When you’ve decided to bite the bullet and give this whole trading thing a shot, I cannot recommend eToro highly enough. It’s in a sense, a household entry platform. For a first time trader like me it really was the platform to go to, and let me explain why.

Investing your money is very daunting, but eToro offers the option of experimenting using a virtual portfolio before you invest any actual money.  This allows you to familiarise yourself with the platform while also getting familiar with markets.  I used this virtual portfolio to trial potential strategies. I invested in some big companies like amazon and apple, and dabbled with cryptos like XRP and bitcoin.  Luckily, this was only my virtual portfolio because it wasn’t very successful.  I had made loss because I had no idea what I was investing in or when I should be moving my money around. 

eToro website with virtual and real portfolio options

That why when I invested my actual money,  I took a different approach.  I invested in cryptos that were expected to make serious market moves in the near future, and the rest I used to copy traders with high annual return rates (information which is available on eToro). Copying traders is a really helpful tool which proportionately splits your investment into the same trades your trader has open and removes them when they remove theirs (copies their movements with your money).  

Another perk that should be noted is their app which is super easy to access and navigate, giving you the freedom to keep an eye on markets and trades while out and about.

However, eToro is not for everyone.  If you feel you have the hang of things and are comfortable with a more wholesale and efficient (but arguably less user friendly) experience, have a look at platforms like bybit, bitfinex or Binance.

I look forward to your future engagement with me on my blogging journey, please stay tuned for my updates!