There’s all these new cryptos is constantly flooding in…Etoro Jinko Solar Azioni… i suggest how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you discover the the very fundamentals here’s how bitcoin works and and we talk with a lot of once again financial advisors here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you start to enter 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 that you understand all these new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re entering into it which originates from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to buy 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 discover what it is and discover where it suitables for me um i you know obviously need 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 each week i see a brand-new one being listed on some exchange and i’m and i go i have actually never even i can’t believe i’ve never ever heard of that i get a huge ego and i’m like how might i not have actually become aware of that however i have it and somehow it gets listed and there are most likely lots of other individuals stating the very same things about cryptos that i know a lot about since 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 try to educate myself as much as possible and after that have an idea of what i like to discover and like to purchase what do i like to purchase do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i do not like to purchase some that are just just simply you know pumps like pump plans or something i know a lot of people made money on shiba inu i understand a lot of individuals earned money on dogecoin that’s great to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anybody they should or they should not because there are a lot of individuals that have actually succeeded 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 wish to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will take place is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i attempt to learn a fair 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 honestly male it just takes a lot of education the other thing i’ll say about that real quickly is you hear a great deal of people who don’t understand a lot about crypto or or are really versus it stating stating i do not understand how there can be all these cryptocurrencies one of 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 many 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 alright 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 operate efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy person i love decentralized finance and part of the reason is because i’ve 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 fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be truly 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 because there’s all these cryptocurrencies there’s a restricted quantity 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 again in my opinion start to begin to engulf the conventional monetary system and i do not imply that everything else is going to go away i indicate my feeling is banks and the crypto that the procedures and everything are going to start collaborating they’re going to start incorporating together which’s where you’re going to see a great deal of this worth so there’s so much money in the standard finance 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 ultimately it’s just going to be called the financial system due to the fact that it’s simply a it’s essentially a database in a network you get educated and again when you get educated 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 transmitted for etoro us club members our webinars let members directly communicate with our guests using a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro swag bag unique access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes reality etoro occasions be sure to take a look at the description for any promotional offers and to find out more about our remarkable guests i’ll see you in etoro us’s club Etoro Jinko Solar Azioni.