There’s all these new cryptos is constantly flooding in…Etoro Inaccessible… i suggest how do you do with this deluge of novel 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 talk with a lot of again monetary advisors here’s just how bitcoin works and once you understand 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 investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies some of them are actually just there to attempt to where they have no functionality it’s just we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering it which comes from education understanding and once again going back to an investment thesis truthfully and saying i’m not going to purchase anything even if 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 learn what it is and discover where it fits for me um i you know obviously have to do a whole lot of research study i can’t keep up with most likely 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’ve never even i can’t think i have actually never ever heard of that i get a huge ego and i resemble how could i not have actually heard of that but i have it and somehow it gets noted and there are most likely lots of other people stating the same aspects of cryptos that i know a lot about because i i tend to look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i 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 find out about and like to buy what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to buy some that are just just purely you understand pumps like pump plans or something i understand a lot of people earned money on shiba inu i know a lot of people made money on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anyone they need to or they should not because there are a great deal of people that have done well i choose not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i don’t 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 occur is i’ll never ever sleep again and again from a psychological perspective i do not want that i i try to learn quite a bit about the ones that i have an interest in or learn you understand discover why i might be interested why they might have value and honestly man it simply takes a whole lot of education the other thing i’ll state about that real quickly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are truly against it saying saying i do not comprehend how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or a number of them can exist on their own a lot 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 okay 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 requires to have its own currency to work efficiently so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a big defy man i love decentralized financing and part of the factor is due to the fact that i’ve been in financing for so long and i know where the inadequacies are and i know 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 innovation be really effective running 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 fact to the assertion that because there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to once again in my opinion start to start to engulf the traditional financial system and i don’t imply that everything else is going to disappear i imply my feeling is banks and the crypto that the procedures and everything are going to start interacting they’re going to begin incorporating together which’s where you’re visiting a lot of this value so there’s a lot cash in the traditional financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and eventually it’s simply going to be called the monetary system because it’s just a it’s essentially a database in a network you get informed and once again when you get educated have a financial investment thesis here’s what i like to invest in 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 visitors using a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle 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 special invites to irl yes reality etoro events make certain to check out the description for any marketing deals and to find out more about our amazing visitors i’ll see you in etoro us’s club Etoro Inaccessible.