Domenic Carosa’s New Firm Earnity: A Lesson on Cryptocurrency Investment and Financial Independence
Earnity co-founders Domenic Carosa and Dan Schatt have always believed that investing in cryptocurrency can lead to financial independence – not because of the profits that could be made from it, but rather the principle behind it.
Investing in cryptocurrency is a way of taking part in a new economy. In doing so, one can contribute to an emerging market and take advantage of the opportunity for wealth accumulation. The crypto market is quite volatile, and the possibility of losing money through trading is high – but as with any stock market, it can be a lucrative source of income as well as an exciting way to invest for your future.
The first thing many people will wonder when considering investing in cryptocurrency is, “What exactly am I buying?” The cryptocurrency market is highly complex, involving the exchange of cryptographic keys and other security measures. Therefore, it can be difficult for individuals who don’t understand the technicalities of cryptography to invest in this new digital economy.
A common misconception about cryptocurrency, or any stock market for that matter, is that investing means immediately putting one’s money at risk without knowing how much one might be able to gain. On the contrary, by learning about cryptocurrency and how it works, one can take advantage of an opportunity to invest in a new market for not much money.
Cryptocurrency is relatively young, so its potential is unknown. Nevertheless, Earnity’s Dan Schatt and Domenic Carosa are certain that its long-term value will remain. This is partly because, unlike most currencies, central banks cannot print it. That means no one can suddenly create more of it, flooding the market with cheap cryptocurrency and driving down its worth.
Dan Schatt and Domenic Carosa also believe that cryptocurrencies are highly secure, which might seem ironic considering that they are virtual. Cryptographic keys are like passwords but much longer and more complex. The result is that it would take centuries for someone to break into a wallet through brute force (i.e. trying every possible permutation until the correct key is found).