The Age of Abundance: Technology Will Help To Forge Things Long Term

Stepping back in a bearish market has never really been something am good at😂. I trade when I have cash; even though in a bearish market I either get liquidated on all my positions or I lose a lot and I need money so I end up closing my trades in loss.

Looking at the bigger pic 🤔

Can one make money off of investing in technology whether old or new🤔

and in the short term, technology has also come to make our lives easier, so we take advantage of the opportunity presented to us

I can't wait for the next 5 years to see what we become as a social media platform and as a cryptocurrency. Just now I received a notification that you posted this because I made you a favourite on ecency. I checked the value of Amazon and Facebook...In those early decades of the 21st century, people were not so interested as prices showed...but with time they came along...I'm not saying that simply for that reason we'll see price changes in Hive but let's just keep seeing. So far from when we started, we are what...500%...That is crazy, we just need to make it to the bull run. I've heard of a lot of people picking up their jobs because they are fighting back from selling. I just hope I can have enough liquid hive in the time.

Much respect, you give one of the best content here on Hive...unscripted...that's how I know it is from your heart.

It's where the long term view of things and if they do exist in 5 years, it will definitely pay off. It makes me wonder when the technology can match what the larger tech companies.

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https://twitter.com/RuelChavez5/status/1574022319688671232
https://twitter.com/wheelly_dope/status/1574038396015505414
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umm,i think your old it manager was right to not trust the cloud. things like this prove it. https://www.nytimes.com/2022/08/21/technology/google-surveillance-toddler-photo.html

remember the cloud is just a fancy way of say someone elses computer. it is asking to be exploited by whomever holds your personal data.

Summary:
In this video, Task discusses the current economic landscape with a focus on the Age of Abundance. He touches upon the potentially misleading negativity spread by mainstream media, particularly in relation to markets. Task urges viewers to step back and consider the broader picture, emphasizing the impact of technology on various sectors. He uses energy and battery technology as examples, highlighting the evolution and potential cost reductions in the future. Task also delves into the transformative power of technology in areas such as food production, money, the internet, computing, robotics, and healthcare. He emphasizes the importance of long-term thinking and the continuous evolution of technology. Furthermore, Task explores the changing dynamics in the cryptocurrency space, emphasizing the potential for exponential growth and the importance of diversifying investments.

Detailed Article:
Task begins the video by addressing the current economic challenges, such as high CPI numbers, elevated energy and food prices, and fluctuations in various markets. He acknowledges the bearish trends in cryptocurrency, equity markets, and fixed income, emphasizing the need to look beyond short-term fluctuations and consider the bigger technological advancements taking place.

The primary focus of Task's discussion revolves around the significant impact of technology, especially in the energy sector. He highlights the role of batteries, particularly lithium-ion, as a dominant force but anticipates potential advancements in materials and technology that could drive down energy prices in the long run.

Moving beyond the energy sector, Task delves into the broader impact of technology on various industries like food production, money, the internet, computing, robotics, manufacturing, and healthcare. He emphasizes the continuous evolution and improvement in technology, leading to lower costs and enhanced capabilities over time.

Transitioning to the cryptocurrency space, Task discusses the changing monetary system and the integration of social media activities into Decentralized Finance (DeFi). He highlights the significant earning potential and growth opportunities within the cryptocurrency market, emphasizing the importance of long-term compounded growth.

Task emphasizes the concept of compounding gains, particularly in cryptocurrency investments, and shares insights into the explosive growth potential within the sector. He stresses the importance of diversification and identifying quality projects with long-term viability to harness the potential returns.

Furthermore, Task discusses the evolution of technology and its transformative impact on society over the next 20 years. He predicts a shift towards robotics, artificial intelligence, and a fusion of the physical and digital worlds, leading to substantial money-making opportunities. Task also anticipates a significant increase in wealth creation, surpassing trillions to potentially quadrillions of dollars, driven by technological advancements.

In conclusion, Task encourages viewers to focus on long-term vision, diversification, and the transformative power of technology in shaping future economic landscapes. He leaves viewers with a message of hope, highlighting the potential for price reductions in everyday goods despite current economic challenges.

Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.