Learn more about technologyandthefuture with this collection
Find out the challenges it poses
Learn about the potential impact on society
Understanding the concept of Metaverse
The Free Capital Problem
You can purchase $20 of Bitcoin right now, but if you don’t have $20 to spare, that’s not going to do you much good.
Small scale transactions like the one above shouldn’t be a problem for anybody. But, if you’re living paycheck to paycheck or if money is inordinately tight, you might struggle to save up enough to build momentum.
There are several ways to handle this. For example, you could pick up a second job or a side gig to make some extra money. You could move to a cheaper location or cut expenses that are no longer relevant to you.
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The Learning Curve
Even if you spend months reading about cryptocurrency, studying historical trends, and doing your due diligence for each of several different currencies currently being traded and speculated on, you still might make some bad decisions....
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The Time Problem
Many people who delve into cryptocurrency are excited about the notion of turning a $1,000 investment into millions of dollars in wealth.
While this is possible, it’s unlikely, and to the extent possible, it will take a long time to unfold. For example, even if you saw an aver...
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The Rig Problem
If you have a powerful computer, you can set up a rig to mine cryptocurrency on your behalf, to generate the resources yourself. There are just a few problems with this idea.
- GPUs and other necessary computer components tend to be very expensive for starters, compromising your pot...
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Building a Crypto Mining Rig
Getting involved in crypto mining means you’ll be able to generate coins on your own with no need to purchase them from someone else. You’re going to need a powerful rig, and even then, there’s no guarantee to make money from this endeavor.
Most cryptocurrency mining compu...
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Purchasing Currency
Most people buy and sell coins through a marketplace. With the right market, you’ll have even hundreds of cryptocurrencies to choose from, and you can buy in tiny increments, sometimes securing a transaction for less than $100.
Most cryptocurrency...
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The Portfolio Balance Problem
Just because you can invest in cryptocurrency doesn’t necessarily mean you should. Cryptocurrency is an uncertain investment wrought with volatility and regulatory complications.
There’s never a guarantee that any cryptocurrency will increase in value or even hold its valu...
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The next thirty days of saving
If you're unsure what you should be doing with your money right now, cut expenses and save every bit of money for the next 30 days. Then, reevaluate.
- Did you trim as much as you could've?
- Did you purchase anything you regret?
- Did you fail to purchas...
The structure of bitcoin
- Bitcoin is a peer-to-peer money network. You don't have to pay a fee to a bank when you send money to another party.
- Bitcoin is finite. There can only be 21 million bitcoin in the world. More than 17 million have already been mined while the rest w...
Cut back on your expenses
Cut back on your three biggest expenses.
- Housing: The easiest way to do this is by house hacking, where you rent or buy a 2 or 3 bedroom apartment and rent out the extra rooms to offset or make money on your rent or mortgage.
- Transportation:...
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