Chapter
Building a Business in the Crypto Industry
18:34 - 23:36 (05:02)
Building a business in the crypto industry can be challenging due to the high volatility and fluctuation of market conditions. Many people assume that successful crypto entrepreneurs have invested large sums of money at a low cost basis, but this is not always the case.
Clips
The speaker discusses the misconception that crypto investors bought in cheap, and highlights the challenges of buying the dip when your cost basis is already high due to an initial investment made when prices were lower.
18:34 - 20:25 (01:51)
Summary
The speaker discusses the misconception that crypto investors bought in cheap, and highlights the challenges of buying the dip when your cost basis is already high due to an initial investment made when prices were lower.
ChapterBuilding a Business in the Crypto Industry
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
Building a business in the crypto industry is a difficult task due to the industry's significant fluctuations in demand and revenue potential.
20:25 - 21:56 (01:31)
Summary
Building a business in the crypto industry is a difficult task due to the industry's significant fluctuations in demand and revenue potential. It is challenging to match expenses with revenue and determine when to cut back or turn off cash flow.
ChapterBuilding a Business in the Crypto Industry
Episode#196 with Dan Held - Who Really Created Bitcoin & Other Crypto Startup Ideas
PodcastMy First Million
The complicated nature of Bitcoin taxes makes it difficult for wealthy Bitcoiners to manage their wealth.
21:57 - 23:36 (01:39)
Summary
The complicated nature of Bitcoin taxes makes it difficult for wealthy Bitcoiners to manage their wealth. By offering valuable content, Bitcoin tax experts can attract billionaires and become their trusted wealth managers.