On Red Days, It is Best To Look Long Term

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Markets go through periods of up and down. This gets people upset as well as nervous. However, at times like these it is best to expand our time horizon.

How does a $200 trillion global economy up from the present $90 trillion suit everyone?

In this video I discuss how technology, including advancements being made in cryptocurrency, is going to send things flying economically. While we might go through a down period, perhaps for a couple years, the technological breakthroughs will explode for much of this decade.


▶️ 3Speak



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Your current Rank (23) in the battle Arena of Holybread has granted you an Upvote of 18%

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Bang, I did it again... I just rehived your post!
Week 29 of my contest just started...you can now check the winners of the previous week!
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(Edited)

I plan to buy, buy and buy more while red. Just bought a new house, so been pinching pennies for a while now, but it is time to invest in the future even more than what I am now. In fact, I just invested in more EOS and Hive.

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Summary:

In this video, the speaker discusses a range of topics including the potential for abundance and exponential growth in the future due to technological advancements. He mentions how expenses may deflate in areas like food, education, and transportation. Despite recent market volatility and fears of economic downturns due to factors like COVID-19, he remains optimistic about the impact of technology on growth. The discussion also covers the significance of cryptocurrency in the financial sector, with examples like the state of Wyoming approving crypto banks and the increasing involvement of retail investors and institutions in Bitcoin and DeFi. The speaker emphasizes the transformative potential of technology and cryptocurrency in driving productivity and profit margins.

Detailed Article:

The speaker opens the video by expressing his enthusiasm for the rapid advancements taking place globally. He touches upon the theme of abundance and exponential growth facilitated by technological progress, mentioning how expenses in various sectors could decrease significantly in the coming years. He particularly highlights the potential impact on education, as online platforms could revolutionize traditional higher education, making it more accessible and affordable.

Despite the recent turbulence in the markets, with Bitcoin hitting a high and then retracting, and concerns about a second wave of lockdowns impacting the economy, the speaker remains steadfast in his belief in the transformative power of technology in the long term. He argues that regardless of short-term economic setbacks, technology will continue to advance at an accelerated pace, driving growth.

One of the key focal points of the video is cryptocurrency and its impact on the financial landscape. The speaker points out the approval of crypto banks in Wyoming and the increasing participation of retail investors and institutions in cryptocurrencies like Bitcoin and DeFi. He views cryptocurrency as a disruptive force challenging traditional financial entities and emphasizing the importance of decentralized exchanges and wallets.

The speaker delves into the idea of a potential "everything crash," refuting it by explaining the flow of capital and how markets instill panic due to herd mentality. He underlines the importance of individual research and critical thinking in making investment decisions rather than following mainstream media narratives.

Furthermore, the speaker discusses the pivotal role of technology, particularly in automation, AI, and robotics, in enhancing productivity and driving profit margins. He anticipates that while certain sectors may suffer setbacks, technological innovations will ultimately lead to significant advancements and job displacement. He emphasizes the positive impact on productivity and stock market performances.

Additionally, the speaker explores the potential of cryptocurrency to drive financial inclusion and economic development in regions like Africa and Southeast Asia. He envisions a future where cryptocurrency enables previously marginalized populations to accumulate wealth and invest in opportunities that benefit both individuals and society at large.

In conclusion, the speaker envisions a future where technological innovations, particularly in cryptocurrency, will play a central role in driving economic growth and transforming traditional industries. Despite short-term uncertainties, he remains optimistic about the long-term trajectory towards greater abundance and exponential growth driven by technology.

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