There’s all these new cryptos is continuously flooding in…Etoro Steuern √∂Sterreich… i imply how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that honestly is about education so you if you learn the the really basics here’s how bitcoin works and and we speak to a great deal of again monetary consultants here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are actually simply there to try to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re entering into it and that originates from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to invest in anything just because i saw some man 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 naturally have to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being noted on some exchange and i’m and i go i have actually never ever even i can’t believe i’ve never become aware of that i get a big ego and i’m like how might i not have heard of that however i have it and in some way it gets noted and there are probably tons of other people saying the very same things about cryptos that i understand a lot about since i i tend to look at a great deal of defy things i tend to look a great deal of those tokens so the the method i take a look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn more about and like to purchase what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to purchase some that are just just simply you understand pumps like pump plans or something i know a great deal of people made money on shiba inu i know a lot of individuals made money on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i select not to and i’m not telling anyone they should or they shouldn’t because there are a lot of individuals that have actually succeeded i select not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and awaken and i’m down here due to the fact that what will occur is i’ll never ever sleep again and again from a psychological perspective i don’t want that i i attempt to learn quite a bit about the ones that i have an interest in or discover you understand learn why i might be interested why they may have worth and honestly man it just takes a great deal of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who do not understand a lot about crypto or or are really against it stating saying i don’t understand how there can be all these cryptocurrencies one of them needs to win but that’s that’s not the case they are all they they can or much of them can exist on their own much 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 financial network alright if eth is the currency of the ethereum network so there’s a whole network there and it needs to have his own it it needs to have its own currency to function efficiently so it so if we feel and and look this this enters a bit of an opinion i’m a big defy guy i love decentralized financing and part of the reason is since i’ve been in financing for so long and i understand where the inadequacies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually efficient running on dollars running on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite truth to the assertion that because there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to once again in my viewpoint start to start to swallow up the traditional monetary system and i do not indicate that everything else is going to go away i indicate my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to start incorporating together and that’s where you’re going to see a good deal of this value so there’s a lot money in the conventional finance system that’s going to make its way into what we presently call the crypto system or the
What’s bad about eToro? Etoro Steuern √∂Sterreich
Defi system and eventually it’s simply going to be called the financial system because it’s simply a it’s basically a database in a network you get educated and again once you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly engage 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 perks such as an etoro boodle bag exclusive access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes reality etoro occasions make sure to check out the description for any marketing deals and to read more about our incredible guests i’ll see you in etoro us’s club Etoro Steuern √∂Sterreich.