There’s all these brand-new cryptos is constantly flooding in…Etoro Sell Shares… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the very essentials here’s how bitcoin works and and we speak with a lot of once again monetary consultants here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain technology you understand openness 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 comes from understanding how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re getting into it which comes from education understanding and again returning to an investment thesis truthfully and stating i’m not going to invest in 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 discover what it is and find out where it fits for me um i you understand naturally have to do a 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 new one being noted on some exchange and i’m and i go i’ve never even i can’t believe i’ve never ever heard of that i get a big ego and i’m like how might i not have heard of that but i have it and somehow it gets listed and there are probably tons of other people saying the exact same features of cryptos that i understand a lot about due to the fact that 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 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 learn more about and like to purchase 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 plans or something i understand a lot of individuals made money on shiba inu i know a lot of individuals earned money on dogecoin that’s great to hear i don’t want to do that that that’s not me i select not to and i’m not telling anyone they should or they shouldn’t because there are a lot of people that have succeeded i pick not to do that one because they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i attempt to discover quite a bit about the ones that i have an interest in or learn you know learn why i might be interested why they might have worth and truthfully man it simply takes a whole lot of education the other thing i’ll say about that genuine quickly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are actually against it saying stating 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 a lot of them can exist on their own a lot 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 financial network fine 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 enters into a bit of a viewpoint i’m a big defy man i love decentralized finance and part of the reason is since i have actually remained 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 important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective 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 very much fact to the assertion that because there’s all these cryptocurrencies there’s a limited 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 start to swallow up the standard financial system and i don’t mean that everything else is going to disappear i indicate my feeling is banks and the crypto that the protocols and whatever are going to begin interacting they’re going to begin integrating together which’s where you’re going to see a good deal of this worth so there’s a lot money in the traditional 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 eventually it’s just going to be called the monetary 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 specifically relayed for etoro us club members our webinars let members straight interact with our guests using a q a and anybody or you can join etoro club and u.s club members get a bunch of benefits such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events be sure to have a look at the description for any promotional deals and to find out more about our incredible visitors i’ll see you in etoro us’s club Etoro Sell Shares.