There’s all these brand-new cryptos is continuously flooding in…Etoro Tech Etf… i mean 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 really essentials here’s how bitcoin works and and we speak to a great deal of again financial consultants here’s simply how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you know all these new tokens all these new cryptocurrencies some of them are actually just 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 reason you’re getting into it which comes from education understanding and once again returning to a financial investment thesis honestly and stating 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 and discover what it is and find out where it fits for me um i you understand naturally need to do a great deal 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’ve never ever even i can’t think i have actually never ever heard of that i get a huge ego and i’m like how could i not have actually heard of that however i have it and somehow it gets listed and there are most likely lots of other individuals stating the very same things about cryptos that i know a lot about because i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the method i look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and after that have a concept of what i like to learn more about and like to purchase what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to buy some that are simply just purely you understand pumps like pump plans or something i understand a great deal of people made money on shiba inu i understand a lot of people made money on dogecoin that’s great to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anybody they must or they shouldn’t because there are a great deal of individuals that have succeeded i pick not to do that one 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 awaken and i’m down here because what will happen is i’ll never ever sleep again and again from an emotional standpoint i do not want that i i try to discover quite a bit about the ones that i’m interested in or learn 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 rapidly is you hear a great deal of people who do not understand 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 many of them are a currency that is for a specific 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 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 gets into a bit of a viewpoint i’m a big defy man i love decentralized finance and part of the factor is because i’ve remained in finance for so long and i know where the ineffectiveness are and i know if we can take some of those inefficiencies 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 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 have to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 opinion start to start to engulf the conventional financial system and i don’t mean that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols 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 money in the traditional finance system that’s going to make its method into what we currently call the crypto system or the
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Defi system and eventually it’s just going to be called the financial system due to the fact that it’s simply a it’s basically a database in a network you get educated and again as soon as you get informed have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly interact with our guests using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro boodle bag exclusive access to our month-to-month webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro occasions be sure to check out the description for any promotional deals and to read more about our incredible visitors i’ll see you in etoro us’s club Etoro Tech Etf.