Written by Rob the Watergod | 2/24/21
Since, I will be teaching the basics in cryptocurrency and finance. Those two things are important to your path to success. Therefore, we are going to be discussing all the Financial Opportunities for your business and your family for digital opportunity. We will start off with money types.
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Money Types
Firstly, there are four types of money: Commodity money, Fiat money, Fiduciary money, and Commercial bank money. Commodity money is money whose value comes from a commodity of which it is made. Also, Commodity money consists of objects having value or use in themselves as well as their value in buying goods. Secondly, fiat money is any money that is accepted by a government for paying taxes or debt. It is not pegged to or backed directly by gold and other valuables. However, Fiat money does not have significant intrinsic value or use value. Furthermore, Fiduciary money refers to banknotes and coins in circulation in the economy.
This is the liquidity available to economic actors to carry out transactions. Most importantly, It is a means of payment. Currency is tangible property, unlike scriptural money which is immaterial.
CB(commercial bank) money is not legal tender, but is widely used to represent base money in transactions. Commercial bank money currently makes up a large part of most currencies.
What is Bitcoin
First off, Bitcoin is a digital currency that was created in January 2009. The creator goes by the pseudonym “Satoshi Nakamoto”. Therefore, Bitcoin is a Virtual Currency, Blockchain, and is a Full Disclosure. There are no physical bitcoins. All bitcoin transactions are verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. The bitcoin system is a collection of computers (also referred to as “nodes” or “miners”) that all run bitcoin’s code and store its blockchain(you’ll learn more about blockchains later on).
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I.O.T Technology
Most importantly, the Internet of things(IOT) describes the network of physical objects-“things”. They are embedded with sensors, software, and other technology. For the purpose of connecting. Also, exchanging data with other devices and systems over the Internet. IoT primarily exploits standard protocols and networking technologies. However, the major enabling technologies and protocols of IoT are RFID, NFC, low-energy Bluetooth, low-energy wireless, low-energy radio protocols, LTE-A, and WiFi-Direct.
5G, IBM, GE
Firstly, 5G is the fifth generation technology standard for broadband cellular networks, which cellular phone companies began deploying worldwide in 2019, and is the planned successor to the 4G networks which provide connectivity to most current cell phones
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Silver Tsunami
First off, The Silver Tsunami is a metaphor used to describe population aging. Although, the silver tsunami metaphor has been used in popular media and in scholarly literature to refer to the late-twentieth-century demographic. As the baby boomers reach their senior years and as longevity increases, there will be a groundswell of seniors. Today 15% of Americans are 65 or older.
Blockchain
blockchain is a distributed ledger technology (DLT) that allows data to be stored globally on thousands of servers while letting anyone on the network see everyone else’s entries in near real-time. That makes it difficult for one user to gain control of, or game, the network. A Blockchain is a way to secure transactions.
Celsius
Digital wallets
Hot Wallet is online and therefore vulnerable. Meanwhile, cold wallets are offline and therefore do not leave it valuable to hackers. Hardware wallets however are a physical device to store assets. Has the same capabilities as the Hot and cold wallet. They’re less prone to phishing and malware than software wallets, and less vulnerable to hacking than online wallets
Interest Savings Wallets that pay you daily, weekly, and monthly
Firstly, Celsius Wallet pays daily interest, also offers coin loans. Secondly, Nexo Wallet pays weekly interest, also offers credit with coins instantly. Thirdly, Blockfi Wallet pays monthly interest and coin loans.
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Webull has low fees but no wallet. CoinbasePro has Higher fees, and nice coin loans 8%. Phemex has low fees, wallets, and advanced traders. Klever has low fees, wallet, and limited coins. BinanceUSA has low fees and limited coins.
What is Ethereum
ETH uses blockchain technology to decentralize and run\ create applications. It helps to secure and expedite administration as it relates to purchasing, selling. Ethereum is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ether is used broadly for two purposes: it is traded as a digital currency exchange like other cryptocurrencies, and it is used inside Ethereum to run applications and even to monetize work. According to Ethereum, it can be used to “codify, decentralize, secure, and trade just about anything.
What is Ethereum 2.0
Ethereum 2.0 is an upgrade to the already existing Ethereum blockchain. It aims to increase the speed, efficiency, and scalability of the Ethereum network, enabling it to address the bottlenecks and increase the number of transactions. The pseudo names for Ethereum 2.0 are Eth2 or Serenity.
Bitcoin Every Four Years
Here’s the 4-year cycle chart of Bitcoin
2010 9,900%
2011 1,473%
2012 186%
2013 5,481% (Bull)
2014 -57%
2015 34%
2016 123%
2017 1,368% (Bull)
2018 -73%
2019 92%
2020 121%
2021 91.06%+…. (Bull)
Look out for market manipulation
Market manipulation is a type of market abuse where there is a deliberate attempt to interfere with the free and fair operation of the market. The most blatant of cases involve creating false or misleading appearances with respect to the price of, or market for, a product, security or commodity. Lastly, here are examples of market manipulation.
Churning. This is when traders place buy-and-sell orders at the same price.
Painting the tape. Here, a group of traders creates rumors or activities to increase the stock price. Therefore, you can also call it Ramping.
Wash trading. The trade sells and re-purchases the same security or a substantial amount of the same security to generate more activity and increase the price as well.
Bear raiding. This is where a trade attempts to reduce the stock price through either short or heavy selling.
Cornering the market. This is the scenario where the trader purchases enough of a certain commodity, stock or another asset in order for him or her to control the supply and be able to determine the price for it.
Insider trading. Here, insiders with critical and confidential information about a business capitalize on that knowledge to make a profit and avoid losses via buying and selling of stocks.
Conclusion
In conclusion, I hope you learned a thing or two in this article. If you did then you will be one step closer to achieving success. Do you want to learn more? If your answer is yes then take the full class video at the end of this article for free. If you want Rob the Water god to build your portfolio then email us at info@Thompsonempire.com.
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