There’s all these new cryptos is constantly flooding in…Bank Negara Malaysia Etoro… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you learn the the really fundamentals here’s how bitcoin works and and we speak with a great deal of again financial consultants here’s simply how bitcoin works and when you understand bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and after that you begin to enter into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these brand-new cryptocurrencies a few of them are actually simply there to attempt to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re entering into it and that comes from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to invest in 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 and discover what it is and learn where it suitables for me um i you know obviously have to do a 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 every week i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever become aware of that i get a huge ego and i’m like how might i not have heard of that however i have it and in some way it gets listed and there are most likely lots of other people saying the same things about cryptos that i understand a lot about because i i tend to take a look at a lot of defy stuff 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 methods one is i attempt to inform myself as much as possible and after that have a concept of what i like to learn about and like to buy what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to purchase some that are just simply purely you know pumps like pump plans or something i understand a lot of people earned money on shiba inu i understand a lot of individuals made money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i select not to and i’m not telling anybody they must or they should not because there are a great deal of individuals that have succeeded i select not to do that a person because they’re they trade keep in mind 24 7 365.
i do not wish to go to sleep one night and i’m up here and get up and i’m down here because what will take place is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i try to learn a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have worth and honestly guy it simply takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who don’t understand a lot about crypto or or are really against it saying stating i don’t understand how there can be all these cryptocurrencies one of them has 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 much of them are a currency that is for a particular 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 an entire network there and it needs to have his own it it requires to have its own currency to work effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a huge defy guy i love decentralized financing and part of the factor is because i’ve been in finance for so long and i understand where the inadequacies are and i know if we can take some of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be excellent the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars running on us dollars over the banking system you have 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 due to the fact that there’s all these cryptocurrencies there’s a minimal amount 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 once again in my viewpoint start to begin to swallow up the standard monetary system and i do not imply that whatever else is going to go away i suggest my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin integrating together and that’s where you’re going to see a great deal of this worth so there’s so much cash in the standard financing 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 ultimately it’s just going to be called the monetary system because it’s simply a it’s essentially a database in a network you get informed and again as soon as you get informed have an investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly connect with our visitors using a q a and anyone or you can join 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 higher tiers you can likewise get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro occasions be sure to take a look at the description for any marketing deals and to find out more about our remarkable visitors i’ll see you in etoro us’s club Bank Negara Malaysia Etoro.