There’s all these brand-new cryptos is constantly flooding in…Etoro Sin Comisiomes… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you discover the the extremely essentials here’s how bitcoin works and and we talk with a lot of again financial consultants here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you start to enter into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you get into that you know all these new tokens all these brand-new cryptocurrencies some of them are literally just there to attempt to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering into it which originates from education understanding and again going back to an investment thesis truthfully and stating i’m not going to buy anything just because i saw some dude 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 learn where it suitables for me um i you understand of course have to do a whole lot of research 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 noted on some exchange and i’m and i go i have actually never ever even i can’t think 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 but i have it and somehow it gets noted and there are probably lots of other people stating the same aspects of cryptos that i understand a lot about due to the fact that i i tend to take a 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 ways one is i try to educate myself as much as possible and then have an idea of what i like to learn about and like to invest in what do i like to invest in do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to purchase some that are simply simply simply you understand pumps like pump schemes or something i understand a lot of people made money on shiba inu i understand a lot of individuals made money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i choose not to and i’m not telling anyone they should or they should not because there are a lot of people that have done well i select not to do that a person due to the fact that they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and get up and i’m down here because what will happen is i’ll never sleep again and again from a psychological standpoint i do not desire that i i attempt to discover a fair bit about the ones that i have an interest in or learn you know find out why i might be interested why they might have value and truthfully male it just takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are really against it stating stating i don’t comprehend 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 many of them can exist on their own a lot 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 economic network okay 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 needs to have its own currency to operate effectively so it so if we feel and and look this this enters a bit of an opinion i’m a big defy guy i love decentralized finance and part of the factor is because i’ve been in finance for so long and i understand where the inadequacies are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be great the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be truly efficient running on dollars operating on us dollars over the banking system you have 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 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 once again in my opinion start to begin to swallow up the traditional monetary system and i don’t mean that whatever else is going to disappear i imply my feeling is banks and the crypto that the protocols and whatever are going to begin interacting they’re going to start integrating together and that’s where you’re visiting a lot of this worth so there’s so much money in the traditional financing 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 monetary system since it’s simply a it’s basically a database in a network you get informed and again once you get educated have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly engage with our visitors using a q a and any person or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro swag bag special 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 membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro occasions make certain to have a look at the description for any promotional deals and to learn more about our amazing visitors i’ll see you in etoro us’s club Etoro Sin Comisiomes.