There’s all these new cryptos is constantly flooding in…Coinbase 409A… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we speak with a lot of once again financial consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you begin to enter what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies some of them are actually simply there to attempt to where they have no performance it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re entering into it which comes from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to purchase 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 learn where it fits for me um i you know naturally need to do a great deal of research i can’t stay up to date with probably 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 have actually never become aware of that i get a huge ego and i resemble how could 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 same things about cryptos that i understand a lot about because i i tend to take a look at a lot of defy things i tend to look a lot of those tokens so the the method i take a look at it is one there are a couple of ways one is i try to educate myself as much as possible and then have an idea of what i like to learn more about and like to purchase what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to buy some that are simply simply simply you know pumps like pump plans or something i know a lot of people earned money on shiba inu i understand a lot of individuals earned money on dogecoin that’s great to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anybody they ought 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 due to the fact that they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here because what will occur is i’ll never sleep again and again from a psychological viewpoint i don’t want that i i try to learn quite a bit about the ones that i’m interested in or discover you know discover why i might be interested why they might have worth and truthfully man it just takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are actually versus it stating stating i don’t understand how there can be all these cryptocurrencies among 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 a lot of them are a currency that is for a specific network so bitcoin for instance 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 has to have his own it it needs to have its own currency to work effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy man i love decentralized financing and part of the reason is since i’ve remained in finance for so long and i understand where the inadequacies are and i know if we can take a few of those inadequacies out of the system and we can use blockchain innovation to do it that would be great the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be truly effective 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 due to the fact that there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the standard monetary system and i don’t imply that whatever else is going to go away i imply my feeling is banks and the crypto that the procedures and everything are going to begin working together they’re going to begin integrating together and that’s where you’re going to see a great deal of this value so there’s so much cash in the conventional financing system that’s going to make its method 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 financial system since it’s simply a it’s basically a database in a network you get informed and again once you get informed have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members straight communicate with our visitors utilizing a q a and any person or you can join etoro club and u.s club members get a bunch of benefits such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and special invites to irl yes reality etoro events make certain to take a look at the description for any promotional offers and to get more information about our amazing guests i’ll see you in etoro us’s club Coinbase 409A.