There’s all these new cryptos is constantly flooding in…Does Etoro Support Xyo Tokens… i suggest 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 learn the the really basics here’s how bitcoin works and and we talk with a great deal of again monetary consultants here’s simply how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes 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 just there to try 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 getting into it which comes from education understanding and once again going back to a financial investment thesis truthfully and saying i’m not going to purchase anything just because i saw some man 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 find out where it fits for me um i you know naturally have to do a lot 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 brand-new one being listed on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never become aware of that i get a huge ego and i resemble how might 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 saying the same features of cryptos that i understand a lot about since 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 way i take a look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn more about and like to buy what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to buy some that are just simply purely you know pumps like pump plans or something i understand a lot of individuals generated income on shiba inu i understand a lot of individuals generated income on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i choose 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 actually succeeded i choose not to do that a person because they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from an emotional perspective i do not want that i i attempt to find out a fair 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 guy it simply takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly versus it stating 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 a lot of them can exist on their own a lot of them are a currency that is for a specific 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 has to have his own it it needs to have its own currency to work efficiently so it so if we feel and and look this this enters into a little bit of an opinion i’m a big defy guy i love decentralized financing and part of the reason is since 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 ineffectiveness out of the system and we can use blockchain innovation 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 really 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 efficient so there is to me not quite truth 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 determine which one’s going to be the winner it is going to once again in my viewpoint start to start to engulf the traditional financial system and i do not suggest that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and whatever are going to start working together they’re going to begin incorporating together and that’s where you’re going to see a lot of this worth so there’s so much cash in the standard finance system that’s going to make its method into what we presently call the crypto system or the
What’s bad about eToro? Does Etoro Support Xyo Tokens
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 educated and again once you get educated 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 transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and any person or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag exclusive access to our month-to-month webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and special invitations to irl yes reality etoro occasions be sure to take a look at the description for any marketing offers and to learn more about our amazing visitors i’ll see you in etoro us’s club Does Etoro Support Xyo Tokens.