There’s all these new cryptos is constantly flooding in…Crypto Trading Telegram Group… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you discover the the extremely essentials here’s how bitcoin works and and we speak with a great deal of once again monetary consultants here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you begin to get into what is the financial investment thesis behind bitcoin and that 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 know all these new tokens all these new cryptocurrencies a few of them are literally just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the price today that’s the only reason you’re entering into it and that comes from education understanding and again returning to a financial investment thesis truthfully and stating 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 study and discover what it is and learn where it suitables for me um i you know naturally have to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week 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 have actually never become aware of that i get a big ego and i’m like how could i not have heard of that but i have it and somehow it gets listed and there are most likely tons of other people stating the exact same aspects of cryptos that i understand a lot about because i i tend to look at a lot of defy things i tend to look a great deal of those tokens so the the method i look at it is one there are a few methods one is i try to inform myself as much as possible and after that have an idea of what i like to find out about and like to purchase what do i like to invest in do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i don’t like to purchase some that are simply just simply you know pumps like pump schemes or something i know a great deal of individuals earned money on shiba inu i know a great deal of individuals made money on dogecoin that’s great to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anyone they must or they should not because there are a great deal of people that have succeeded i pick not to do that a person 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 wake up and i’m down here since what will take place is i’ll never ever sleep again and again from an emotional perspective i do not desire that i i try to discover a fair bit about the ones that i have an interest in or discover you know discover why i might be interested why they may have value and honestly man it simply takes a lot of education the other thing i’ll say about that real quickly is you hear a great deal of people who don’t comprehend a lot about crypto or or are actually versus it saying saying i do not 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 a number of them can exist on their own many of them are a currency that is for a particular 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 economic network all right 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 effectively so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy person i love decentralized finance and part of the factor is because i’ve been in finance for so long and i understand where the ineffectiveness are and i know if we can take a few of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be great the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be actually effective working on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not very much fact to the assertion that because there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my opinion start to start to swallow up the traditional financial system and i do not indicate that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols and everything are going to start collaborating they’re going to start integrating together and that’s where you’re visiting a great deal of this worth so there’s a lot money in the conventional 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 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 as soon as you get informed have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly connect 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 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 higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make sure to check out the description for any marketing deals and to learn more about our amazing guests i’ll see you in etoro us’s club Crypto Trading Telegram Group.