There’s all these brand-new cryptos is continuously flooding in…Etoro Netherlands… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the extremely fundamentals here’s how bitcoin works and and we speak to a lot of again monetary advisors here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you comprehend openness 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 understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these new tokens all these new cryptocurrencies a few of them are literally simply there to attempt 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 entering into it and that originates from education understanding and once again going back to a financial investment thesis truthfully and stating i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and find out what it is and learn where it suitables for me um i you understand obviously need to do a lot of research i can’t keep up 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’ve never ever even i can’t think i’ve never become aware of that i get a big ego and i resemble how could i not have actually heard of that but i have it and in some way it gets listed and there are probably lots of other individuals stating the same things about cryptos that i know a lot about because i i tend to take a look at a lot of defy things i tend to look a lot of those tokens so the the method i take a look at it is one there are a few ways one is i attempt to educate myself as much as possible and after that have an idea of what i like to find out about and like to buy 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 understanding those i do not like to purchase some that are simply simply simply you know pumps like pump plans or something i understand a great deal of people made money on shiba inu i understand a great deal of individuals generated income on dogecoin that’s terrific to hear i do not want to do that that that’s not me i select not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of individuals that have actually done well i select not to do that one since they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and wake up and i’m down here since what will occur is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i attempt to find out a fair bit about the ones that i’m interested in or discover you know find out why i might be interested why they may have value and honestly man it simply takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a lot of people who don’t comprehend a lot about crypto or or are really versus it stating saying i do not comprehend how there can be all these cryptocurrencies one of 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 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 financial 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 function efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the factor is since i’ve remained in financing for so long and i know where the inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain technology to do it that would be excellent the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually efficient running on dollars working on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much fact to the assertion that since there’s all these cryptocurrencies there’s a minimal 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 viewpoint start to begin to swallow up the traditional monetary system and i do not suggest that everything else is going to disappear i suggest my sensation is banks and the crypto that the procedures and everything are going to start interacting they’re going to begin integrating together which’s where you’re visiting a great deal of this value so there’s a lot cash in the standard 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 basically a database in a network you get informed and once again once you get educated 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 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 perks such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions make certain to check out the description for any promotional deals and to get more information about our remarkable guests i’ll see you in etoro us’s club Etoro Netherlands.