In a world where personal time and health can easily slip beneath the pressure to earn money and gain a successful career on our priority hierarchies, the ability to achieve maximum income and minimum hours is the ultimate dream for most.
With a recent study from the American Sociological Review finding that 70% of American workers struggle with finding a work-life balance which works for them, could an investment in cryptocurrencies such as Bitcoin be the solution everyone is looking for?
Bitcoin, established by Satoshi Nakamoto in 2008 and released as open software in 2009, is a peer-to-peer system which allows users to trade directly with no centralised system and earn money from their phone. Don’t let the digital and non-physical nature of this currency put you off; the latest progress in Bitcoin, the Bitcoin trader, is an idea originated from ‘Dragon’s Den’ by two University friends and makes Bitcoin trading easier for ordinary people wanting to earn extra income without needing technological experience or skill. It simply requires you to financially feed a machine which can automatically trade at the most effective Bitcoin prices to generate profit.
Limitations lie within its volatility as Bitcoin values fluctuate hugely in short periods of time and fail to remain as stable as other fiat currencies. Additionally, as with all technology, there is potential for the system to fail and as Bitcoins are not backed by any central administrator, you cannot be reimbursed of your funds in an event of failure.
It is a huge risk (as there is with all exciting things) and holds the potential to transform your lives, or to lose you everything, but with increasing numbers earning millions and quitting their jobs, this phenomenon may or may not be the answer to the (no) work-life balance we all strive for. Exchange long hours, commutes and deadlines for freedom and individual fulfilment. You could be the next person to get rich from doing nothing.