There’s all these new cryptos is constantly flooding in…Etoro Better Stock Screener… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you find out the the really essentials here’s how bitcoin works and and we speak to a great deal of again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you begin to enter into what is the investment thesis behind bitcoin which 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 brand-new tokens all these new cryptocurrencies a few of them are literally simply there to attempt to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering into it and that comes from education understanding and again returning to an investment thesis honestly and stating i’m not going to buy anything just because i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and discover what it is and find out where it suitables for me um i you know of course 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 weekly i see a brand-new one being noted 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 big ego and i resemble how could i not have become aware of that however i have it and in some way it gets noted and there are most likely lots of other individuals saying the same features of cryptos that i understand a lot about because i i tend to look at a great deal of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a few ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn more about and like to purchase what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to buy some that are just simply simply you understand pumps like pump schemes or something i know a lot of people earned money on shiba inu i know a lot of people earned money on dogecoin that’s excellent 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 should or they shouldn’t because there are a great deal of people that have succeeded i choose not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here because what will happen is i’ll never ever sleep again and again from an emotional standpoint i don’t desire that i i try to learn a fair bit about the ones that i have an interest in or learn 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 real rapidly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly against it saying stating i do not comprehend how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or many of them can exist on their own many of them are a currency that is for a specific 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 fine 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 operate 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 man i love decentralized financing and part of the reason is because i have actually been in finance for so long and i understand where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be terrific the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually effective working 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 quite reality to the assertion that since there’s all these cryptocurrencies there’s a limited 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 opinion start to start to engulf the conventional financial system and i don’t suggest that everything else is going to go away i suggest my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start integrating together which’s where you’re visiting a good deal of this worth so there’s a lot money in the traditional 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 eventually 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 educated and once again once you get informed have a financial investment thesis here’s what i like to purchase here’s what i don’t 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 anybody or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro events be sure to check out the description for any advertising offers and to learn more about our fantastic visitors i’ll see you in etoro us’s club Etoro Better Stock Screener.