There’s all these brand-new cryptos is constantly flooding in…Does Etoro Support Yubikey… i indicate 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 fundamentals here’s how bitcoin works and and we talk to a lot of again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you get into that you understand all these new tokens all these brand-new cryptocurrencies some of them are literally simply there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re getting into it and that comes from education understanding and once again returning to a financial investment thesis honestly and saying i’m not going to purchase anything even if i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and find out where it suitables for me um i you understand naturally need to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t believe i’ve never ever heard of that i get a big ego and i’m like how could i not have actually become aware of that but i have it and somehow it gets noted and there are most likely lots of other people stating the very same aspects of cryptos that i know a lot about since i i tend to take a look at a lot of defy things i tend to look a great deal 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 educate myself as much as possible and then have a concept of what i like to learn about and like to buy what do i like to invest in do i like to purchase the ones that have some sort of cash flow 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 plans or something i understand a great deal of people generated income on shiba inu i know a great deal of people earned money on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i select not to and i’m not telling anyone they should or they should not because there are a great deal of individuals that have actually succeeded 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 wake up and i’m down here because what will occur 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 learn why i might be interested why they might have value and honestly male it simply takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are truly against it saying stating i don’t 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 number of them can exist on their own a number of them are a currency that is for a particular 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 a whole network there and it needs 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 gets into a bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the reason is due to the fact that i have actually remained in financing for so long and i understand where the ineffectiveness are and i know 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 terrific the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually effective operating on dollars running 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 quite fact to the assertion that because there’s all these cryptocurrencies there’s a limited amount 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 swallow up the conventional monetary system and i don’t indicate that everything else is going to go away i indicate my sensation is banks and the crypto that the protocols and whatever are going to begin interacting they’re going to begin incorporating together which’s where you’re going to see 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 essentially a database in a network you get informed and once again as soon as you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly engage with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and special invites to irl yes real life etoro events be sure to check out the description for any advertising deals and to get more information about our fantastic guests i’ll see you in etoro us’s club Does Etoro Support Yubikey.