There’s all these new cryptos is constantly flooding in…Etoro Rss Feed… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the extremely essentials here’s how bitcoin works and and we talk with a lot of again monetary advisors here’s simply how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and after that you start to enter into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you understand all these new tokens all these new cryptocurrencies a few of them are actually simply there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering into it which comes from education understanding and again going back to an investment thesis truthfully and stating i’m not going to purchase 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 and find out what it is and find out where it fits for me um i you understand of course 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 every 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 think i’ve never ever heard of that i get a big ego and i’m like how might i not have actually become aware of that but i have it and in some way it gets listed and there are probably tons 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 lot of defy things i tend to look a lot of those tokens so the the way i take a look at it is one there are a couple of methods one is i attempt to educate myself as much as possible and after that have an idea of what i like to discover and like to buy what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to invest in some that are simply just simply you know pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i understand a great deal of individuals earned 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 must or they should not because there are a lot of people that have actually succeeded i choose not to do that a person due to the fact that they’re they trade remember 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 since what will occur is i’ll never ever sleep again and again from an emotional perspective i do not want that i i try to learn a fair bit about the ones that i have an interest in or learn you know 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 quickly is you hear a lot of people who do not comprehend a lot about crypto or or are actually against it stating saying i don’t comprehend how there can be all these cryptocurrencies among them has to win however 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 example is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states financial network alright if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the reason is due to the fact that i’ve remained in financing for so long and i understand where the inefficiencies are and i understand 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 terrific the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really efficient working on dollars running 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 quite reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal 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 once again in my viewpoint start to begin to engulf the conventional monetary system and i do not indicate that everything else is going to go away i mean my sensation is banks and the crypto that the procedures and everything are going to begin interacting they’re going to start integrating together and that’s where you’re visiting a great deal of this worth so there’s a lot money in the conventional finance 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 ultimately it’s simply going to be called the financial system because it’s simply a it’s essentially a database in a network you get informed and once again as soon as you get educated have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically 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 lot of advantages such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events make sure to check out the description for any advertising offers and to learn more about our amazing visitors i’ll see you in etoro us’s club Etoro Rss Feed.