There’s all these new cryptos is constantly flooding in…Etoro Zu Exodus… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you discover the the really essentials here’s how bitcoin works and and we speak with a lot of again monetary consultants here’s just how bitcoin works and as soon as you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to get 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 understand all these new tokens all these brand-new cryptocurrencies a few of them are literally just there to try to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering it and that originates from education understanding and again going back to a financial investment thesis honestly and stating i’m not going to purchase anything even if i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and learn where it fits for me um i you understand obviously have to do a whole lot of research i can’t stay up to date with most likely 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’ve never ever even i can’t think i have actually never become aware of that i get a big ego and i’m like how could i not have heard of that but i have it and in some way it gets noted and there are probably lots of other individuals stating the same things about cryptos that i know a lot about since i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a few methods one is i try to inform myself as much as possible and after that have an idea of what i like to learn about and like to invest in what do i like to buy 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 purchase some that are simply simply purely you understand pumps like pump schemes or something i know a great deal of people generated income on shiba inu i understand a great deal of individuals earned money on dogecoin that’s excellent 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 should or they should not because there are a lot of individuals that have actually done well 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 wish to go to sleep one night and i’m up here and get up and i’m down here due to the fact that what will take place is i’ll never sleep again and again from an emotional viewpoint i don’t desire that i i attempt to find out quite a bit about the ones that i have an interest in or discover you know learn why i might be interested why they may have value and honestly man it simply takes a lot of education the other thing i’ll say about that genuine quickly is you hear a great deal of people who don’t understand a lot about crypto or or are truly against it saying saying i do not understand 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 much 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 all right 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy person i love decentralized finance and part of the factor is due to the fact that i have actually remained in finance for so long and i know where the ineffectiveness are and i know if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient running on dollars working 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 very much reality to the assertion that because there’s all these cryptocurrencies there’s a minimal 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 begin to swallow up the conventional monetary system and i do not suggest that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin incorporating together and that’s where you’re visiting a good deal of this value so there’s a lot cash in the traditional financing 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 eventually it’s simply going to be called the monetary system since it’s simply a it’s basically a database in a network you get informed and once again once you get educated have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly interact with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag exclusive access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes real life etoro events make certain to check out the description for any marketing deals and to read more about our amazing visitors i’ll see you in etoro us’s club Etoro Zu Exodus.