There’s all these brand-new cryptos is constantly flooding in…Dash Mining Coin… i suggest how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the extremely basics here’s how bitcoin works and and we talk to a great deal of once again financial advisors here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and then you begin to get into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies a few of them are actually just there to attempt to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re getting into it and that comes from education understanding and again returning to an investment thesis honestly and saying i’m not going to buy anything even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and learn what it is and find out where it suitables for me um i you understand of course have to do a great deal of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i’ve never heard of that i get a huge ego and i’m like 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 lots of other individuals stating the same features of cryptos that i understand a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few ways one is i try to inform myself as much as possible and then have an idea of what i like to learn about and like to buy what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to purchase some that are just simply simply you understand pumps like pump schemes or something i understand a lot of people made money on shiba inu i know a great deal of people earned money on dogecoin that’s fantastic to hear i do not 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 choose not to do that one since they’re they trade keep in mind 24 7 365.
i do not want to go to sleep one night and i’m up here and awaken and i’m down here due to the fact that what will take place is i’ll never sleep again and again from a psychological standpoint i do not desire that i i try to find out quite a bit about the ones that i have an interest in or discover you understand discover why i might be interested why they may have worth and truthfully male it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually against it saying saying i do not comprehend how there can be all these cryptocurrencies one of them needs 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 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 needs to have his own it it requires to have its own currency to work efficiently so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the factor is because i’ve been in financing for so long and i understand where the inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be excellent the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be really effective running on dollars running 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 quite truth to the assertion that because there’s all these cryptocurrencies there’s a restricted amount 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 once again in my opinion start to begin to swallow up the standard financial system and i don’t mean that everything else is going to disappear i imply my sensation is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin incorporating together and that’s where you’re visiting a great deal of this value so there’s a lot money in the standard finance 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 monetary system because it’s simply a it’s basically a database in a network you get informed and once again as soon as you get educated have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members straight connect with our visitors using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro swag bag special access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and unique invites to irl yes real life etoro events make certain to have a look at the description for any advertising offers and for more information about our incredible visitors i’ll see you in etoro us’s club Dash Mining Coin.