There’s all these new cryptos is continuously flooding in…Etoro Webhook Subscription… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you find out the the extremely essentials here’s how bitcoin works and and we speak with a great deal of once again financial consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you begin to enter into what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering it and that originates from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to purchase anything just because i saw some dude 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 learn where it fits for me um i you know of course need to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never heard of that i get a big ego and i’m like how could i not have become aware of that however i have it and somehow it gets listed and there are probably tons of other individuals stating the very same things about cryptos that i know a lot about due to the fact that 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 method i look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and then have a concept of what i like to learn more 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 do not like to purchase some that are simply simply simply you understand pumps like pump schemes or something i know a lot of individuals made money on shiba inu i understand a great deal of people earned money on dogecoin that’s terrific 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 shouldn’t because there are a great deal of people that have succeeded i choose not to do that a person due to the fact that they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and wake up and i’m down here since what will happen is i’ll never sleep again and again from a psychological standpoint i do not desire that i i try to discover quite a bit about the ones that i have an interest in or learn you understand learn why i might be interested why they may have worth and truthfully guy it just takes a lot of education the other thing i’ll state about that real quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are actually versus it saying stating i don’t understand how there can be all these cryptocurrencies one of 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 number 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 needs to have his own it it requires to have its own currency to function efficiently so it so if we feel and and look this this gets into a bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is due to the fact that i have actually been in finance for so long and i understand where the inadequacies are and i understand if we can take some of those inefficiencies out of the system and we can use blockchain technology 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 truly effective working on dollars running 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 reality to the assertion that since there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to figure 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 traditional monetary system and i do not indicate that everything else is going to disappear i mean 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 good deal of this worth so there’s so much cash 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 simply going to be called the monetary system since it’s simply a it’s essentially a database in a network you get educated and again when you get informed have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members straight connect with our guests using a q a and any person or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro swag bag unique access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes reality etoro events make sure to take a look at the description for any promotional offers and to find out more about our fantastic guests i’ll see you in etoro us’s club Etoro Webhook Subscription.