There’s all these brand-new cryptos is continuously flooding in…Etoro Dividend Reinvestment Program… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you find out the the extremely 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 as soon as you comprehend bitcoin you comprehend things like blockchain innovation you understand transparency and immutability and all those things and after that you begin to get into what is the financial investment thesis behind bitcoin which is 80 of the video 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 literally simply there to attempt to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the rate 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 saying i’m not going to invest in 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 and find out what it is and discover where it suitables for me um i you understand obviously have to do a great deal of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being listed on some exchange and i’m and i go i’ve never ever even i can’t think i’ve never become aware of that i get a huge ego and i’m like how could i not have become aware of that but i have it and somehow it gets listed and there are most likely lots of other individuals stating the very same features of cryptos that i understand a lot about due to the fact that i i tend to take a look at a great deal of defy stuff i tend to look a great deal 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 educate myself as much as possible and then have an idea of what i like to learn 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 capital or liquidity protocol or something like that so comprehending those i don’t like to purchase some that are just just purely you know pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i know a lot of people generated income on dogecoin that’s terrific 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 actually done well i pick not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and awaken and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional standpoint i don’t want that i i attempt to learn quite a 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 truthfully male it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are really versus it saying saying i do not understand how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or many 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 economic network okay if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it requires to have its own currency to function effectively so it so if we feel and and look this this enters into a bit of a viewpoint i’m a big defy guy i love decentralized financing and part of the factor is since i have actually remained 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 utilize blockchain technology to do it that would be fantastic 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 really effective operating on dollars running 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 limited amount of dollars that’s going to enter 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 engulf the conventional monetary system and i don’t imply that everything else is going to disappear i indicate my sensation is banks and the crypto that the procedures and whatever are going to start collaborating they’re going to start incorporating together and that’s where you’re going to see a lot of this worth so there’s a lot cash in the conventional financing system that’s going to make its way into what we currently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the monetary system because it’s simply a it’s essentially a database in a network you get informed and again when you get informed have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly interact 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 boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events be sure to have a look at the description for any promotional offers and for more information about our amazing visitors i’ll see you in etoro us’s club Etoro Dividend Reinvestment Program.