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Wednesday, 10 November 2021 08:26

How is technology changing the way we make money?

By Guest Writer
How is technology changing the way we make money? Ahmad Ardity on Wunderstock

GUEST OPINION: For the past five to ten years, the technology boom has had a massive impact on the way people can make money and get rich – mainly online. However, more specifically in the past couple of years, this aspect has taken more than just a wild turn.

Today, you don’t even have to be known in the world of tech or the online environment in order to make a solid, stable income. Take a look for example at a few Tik Tok videos made by people you’ve never heard of and who are not especially well-known. It doesn’t matter if they’re famous or not – what matters is that people view and watch their videos.

But online media is not everything. The impact of technology on the way we make money can be seen in almost every industry.

The Trading and Investment Industry

As you might know, trading has now become something extremely accessible, for all types of people. A short visit to Review Brokers can show you that people really are interested in finding the best broker for their investment or trading needs. This wasn’t the case a couple of years ago when trading was limited to mainly wealthy people.

Today, however, trading software and apps have evolved. You can now access a trading portal from the comfort of your own home or of your own pocket. The best part about it is that you don’t have to be an expert to start trading today!

The Revolution of Cryptocurrency

Obviously, one of the biggest trends of this decade is cryptocurrency. Even though it can’t really be called a significant technological advancement, it’s still something related to technology that has really changed the way we make money.

The fact that 1 single Bitcoin, for example, was able to grow in value from 1 cent to hundreds of thousands of dollars is purely unbelievable. Now, given the number of new coins that appear on the market every single day, it’s clear that this trend won’t be going anywhere.

The NFT Division

NFTs are somewhat part of the cryptocurrency trend and they basically refer to online tokens that can be sold for money. Many have compared them to video game skins, but there’s one major difference.

When it comes to NFTs, the creator determines the price – not their rarity. In fact, every NFT is unique and equally rare. As such, there are now NFTs being sold for millions of dollars – while the sellers and creators are people you’ve never heard of.

The Bottom Line

As you can see, it’s not technology in the form of new machinery and such that is taking the world by storm. Instead, it’s the technology that makes current aspects of life easier – in this case, the way we make money is enhanced via online technology.

Overall, for those that know how to exploit new tech, making money is becoming much easier. But, at the same time, even if you don’t have the know-how you can also learn, study, and research ways to get into this new tech. Naturally, we are talking here about online trading. A quick study of the Forex Broker Listing website can help you pick a broker and then, with some months of learning and testing trading, you can start investing on your own.

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