There’s all these brand-new cryptos is constantly flooding in…Does Coinbase Support Xyo Tokens… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the really fundamentals here’s how bitcoin works and and we speak with a lot of once again financial consultants here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin which is 80 of the 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 brand-new tokens all these new cryptocurrencies a few of them are actually simply there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering it and that originates from education understanding and again going back to an investment thesis truthfully and stating i’m not going to buy anything even if i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and find out what it is and discover where it fits for me um i you know naturally have 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 weekly i see a new one being noted on some exchange and i’m and i go i have actually never even i can’t think i have actually never ever become aware of that i get a huge ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets noted and there are probably tons of other people stating the same aspects of cryptos that i understand a lot about because i i tend to take a look at a great deal 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 methods one is i try to inform myself as much as possible and then have a concept of what i like to learn more about and like to invest in what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to purchase some that are just just simply you know pumps like pump schemes or something i understand a lot of people made money on shiba inu i know a lot of people generated income on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anyone they ought to or they shouldn’t because there are a lot of people that have done well i pick not to do that one because 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 ever sleep again and again from a psychological standpoint i do not desire that i i try to find out a fair bit about the ones that i’m interested in or learn you understand learn why i might be interested why they may have value and honestly guy it simply takes a lot of education the other thing i’ll state about that real rapidly is you hear a great deal of people who don’t comprehend a lot about crypto or or are truly against it stating stating i do not comprehend 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 a lot 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 fine 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 function efficiently so it so if we feel and and look this this enters into a bit of a viewpoint i’m a big defy man i love decentralized financing and part of the reason is since i have actually been in financing for so long and i understand where the inadequacies are and i know if we can take some of those inefficiencies out of the system and we can use blockchain innovation to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective operating on dollars working on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not very much reality to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to enter 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 don’t suggest that everything else is going to go away i indicate my sensation is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to begin integrating together which’s where you’re visiting a good deal of this value so there’s a lot money in the conventional financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the financial system because it’s just a it’s basically a database in a network you get informed and again once you get informed have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag exclusive access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro occasions make certain to check out the description for any marketing offers and for more information about our incredible visitors i’ll see you in etoro us’s club Does Coinbase Support Xyo Tokens.