There’s all these brand-new cryptos is continuously flooding in…Fondateurs Etoro… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we speak with a lot of once again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and after that you start to enter into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter into that you understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it which originates from education understanding and once again going back to an investment thesis honestly and saying i’m not going to invest in anything even if 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 learn what it is and discover where it suitables for me um i you understand naturally need 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 every week i see a new one being noted on some exchange and i’m and i go i’ve 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 heard of that however i have it and in some way it gets listed and there are probably tons of other people stating the exact same features of cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a few ways one is i attempt to educate myself as much as possible and after that have a concept of what i like to find out about and like to purchase what do i like to buy 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 don’t like to invest in some that are just just purely you understand pumps like pump plans or something i understand a great deal of individuals earned money on shiba inu i know a great deal of people generated income on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people that have actually done well i pick not to do that a person because they’re they trade keep in mind 24 7 365.
i do not wish to go to sleep one night and i’m up here and get up and i’m down here because what will take place is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i attempt to learn a fair bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have value and truthfully male it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a lot of people who do not understand a lot about crypto or or are truly versus it saying stating i don’t understand 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 much 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 economic network alright 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 function effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a huge defy guy i love decentralized finance and part of the reason is because i have actually remained in financing for so long and i understand where the inadequacies are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be fantastic the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be really 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 reality to the assertion that since there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to enter into them so i got to determine which one’s going to be the winner it is going to again in my opinion start to start to swallow up the standard 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 everything are going to begin interacting they’re going to begin incorporating together which’s where you’re going to see a good deal of this value so there’s so much money in the conventional finance system that’s going to make its way into what we currently call the crypto system or the
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Defi system and eventually it’s simply going to be called the monetary system due to the fact that it’s just a it’s basically a database in a network you get informed and once again when you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members straight communicate with our visitors using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive 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 unique invitations to irl yes real life etoro events make sure to have a look at the description for any marketing deals and for more information about our remarkable guests i’ll see you in etoro us’s club Fondateurs Etoro.