There’s all these new cryptos is continuously flooding in…Etoro Steuern Schweiz… i imply how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the very essentials here’s how bitcoin works and and we talk to a lot of again financial consultants here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you begin to get into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you understand all these new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no performance it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering it and that comes from education understanding and again returning to an investment thesis truthfully and stating i’m not going to invest in anything just because 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 find out what it is and discover where it fits for me um i you understand of course have to do a whole lot of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh every week i see a new one being listed on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never ever become aware of that i get a huge ego and i resemble how might i not have actually become aware of that however i have it and in some way it gets listed and there are probably tons of other individuals stating the very same aspects of cryptos that i know a lot about because i i tend to take a look at a lot of defy things i tend to look a great deal of those tokens so the the way i take a look at it is one there are a couple of methods one is i attempt to educate myself as much as possible and then have an idea of what i like to discover 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 simply just simply you know pumps like pump schemes or something i understand a great deal of people made money on shiba inu i understand a lot of individuals generated income on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i select not to and i’m not telling anyone they must or they should not because there are a lot of individuals that have succeeded i choose not to do that a person since they’re they trade remember 24 7 365.
i don’t want to go to sleep one night and i’m up here and wake 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 standpoint i don’t want that i i attempt to discover a fair 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 guy it just takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of people who do not understand a lot about crypto or or are actually against it saying saying i don’t comprehend 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 many 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 okay 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 little bit of an opinion i’m a huge defy man i love decentralized finance and part of the reason is due to the fact that i have actually 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 use blockchain innovation to do it that would be excellent 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 operating on dollars operating 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 very much truth to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to enter into them so i got to determine which one’s going to be the winner it is going to again in my viewpoint start to begin to engulf the standard monetary system and i do not suggest that everything else is going to disappear i suggest my feeling is banks and the crypto that the protocols and whatever are going to begin collaborating they’re going to begin integrating together and that’s where you’re visiting a great deal of this value so there’s so much money in the traditional finance system that’s going to make its way into what we currently call the crypto system or the
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Defi system and eventually it’s just going to be called the financial system due to the fact that it’s just a it’s basically a database in a network you get educated and again once you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly connect with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag special access to our regular 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 exclusive invites to irl yes reality etoro events be sure to check out the description for any advertising deals and to find out more about our fantastic guests i’ll see you in etoro us’s club Etoro Steuern Schweiz.