There’s all these brand-new cryptos is continuously flooding in…Etoro Phone App Wont Open… i imply 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 learn the the really fundamentals here’s how bitcoin works and and we talk with a great deal of again financial consultants here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to enter what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re entering into it which comes from education understanding and once again going back to a financial investment thesis truthfully and saying i’m not going to buy anything just because i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and find out what it is and learn where it suitables for me um i you understand naturally need to do a whole lot of research study i can’t stay up to date with probably 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’ve never even i can’t think i’ve never become aware of that i get a big 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 probably tons of other people saying the same aspects of cryptos that i understand a lot about because i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a couple of ways one is i try to inform myself as much as possible and then have an idea of what i like to learn about 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 don’t like to buy some that are just simply purely you understand pumps like pump schemes or something i understand a great deal of individuals generated income on shiba inu i understand a great deal of people earned money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they must or they should not because there are a great deal of individuals that have actually succeeded i select 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 sleep 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 attempt to learn quite a bit about the ones that i’m interested in or discover you know discover why i might be interested why they may have worth 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 lot of individuals who don’t comprehend a lot about crypto or or are truly against it saying stating i do not understand 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 much 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 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is due to the fact that i have actually been in finance for so long and i know where the inadequacies are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain innovation to do it that would be terrific the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be actually efficient working on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not very much truth to the assertion that since there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my viewpoint start to begin to swallow up the standard monetary system and i don’t mean that everything else is going to disappear i suggest my sensation is banks and the crypto that the protocols and whatever are going to start working together they’re going to begin integrating together which’s where you’re visiting a good deal of this value so there’s a lot cash 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 because it’s just a it’s basically a database in a network you get educated and once again as soon as you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly connect with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our greater 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 have a look at the description for any advertising offers and to find out more about our amazing visitors i’ll see you in etoro us’s club Etoro Phone App Wont Open.