There’s all these new cryptos is continuously flooding in…Etoro Einkommensteuererkl√§Rung… i suggest how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the really essentials here’s how bitcoin works and and we talk with a great deal of once again monetary consultants here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering it and that comes from education understanding and again going back to an investment thesis honestly and stating i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and learn where it suitables for me um i you understand obviously need to do a great deal of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i have actually never ever become aware of that i get a huge ego and i resemble how could i not have actually heard of that however i have it and somehow it gets noted and there are most likely lots of other individuals stating the same aspects of cryptos that i know a lot about because i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a few ways one is i attempt to educate myself as much as possible and after that have an idea of what i like to find out about and like to buy what do i like to buy do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to invest in some that are simply simply simply you understand pumps like pump plans or something i know a great deal of individuals made money on shiba inu i understand a great deal of people earned money on dogecoin that’s great to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they need to or they shouldn’t because there are a great deal of individuals that have done well i pick not to do that a person because they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will take place is i’ll never ever sleep again and again from an emotional viewpoint i don’t want that i i try to find out quite a bit about the ones that i’m interested in or learn you understand discover why i might be interested why they might have value and honestly male it simply takes a lot of education the other thing i’ll say about that real quickly is you hear a lot of individuals who do not comprehend a lot about crypto or or are truly versus it stating stating i don’t comprehend how there can be all these cryptocurrencies one of them needs to win however that’s that’s not the case they are all they they can or much of them can exist on their own a lot of them are a currency that is for a specific network so bitcoin for example is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states economic network alright if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it requires to have its own currency to operate efficiently so it so if we feel and and look this this enters into a little bit of an opinion i’m a big defy person i love decentralized finance and part of the factor is due to the fact that i’ve remained in finance for so long and i understand where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be great the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be truly efficient working on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not quite fact to the assertion that because there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my viewpoint start to start to engulf the conventional monetary system and i do not imply that whatever else is going to disappear i suggest my feeling is banks and the crypto that the procedures and whatever are going to begin working together they’re going to begin incorporating together and that’s where you’re going to see a lot of this value so there’s a lot money in the traditional finance system that’s going to make its method into what we presently call the crypto system or the
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Defi system and eventually it’s simply going to be called the financial system because it’s just a it’s essentially a database in a network you get educated and again when you get informed have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly interact with our visitors using a q a and any person or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro swag bag special access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro events be sure to check out the description for any promotional deals and for more information about our remarkable visitors i’ll see you in etoro us’s club Etoro Einkommensteuererkl√§Rung.