There’s all these brand-new cryptos is constantly flooding in…How Different Between Nasdaq 100 And Nsdq100 Etoro… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you find out the the very essentials here’s how bitcoin works and and we speak with a great deal of once again monetary consultants here’s simply how bitcoin works and once you comprehend bitcoin you understand things like blockchain innovation you comprehend openness and immutability and all those things and after that you start to enter into what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates 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 actually just there to attempt to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only factor you’re entering it which comes from education understanding and again going back to an investment thesis truthfully and stating i’m not going to purchase 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 learn where it suitables for me um i you understand of course have to do a great deal of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a new one being noted on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever heard of that i get a big ego and i resemble how could i not have heard of that but i have it and in some way it gets listed and there are probably tons of other individuals stating the same features of cryptos that i understand a lot about because i i tend to take a look at a lot of defy things 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 ways one is i attempt to inform myself as much as possible and then have an idea of what i like to learn more about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to buy some that are simply just simply you understand pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i know a great deal of people earned 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 must or they should not because there are a lot of people that have actually done well i choose not to do that a person since they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here since what will occur is i’ll never ever sleep again and again from an emotional standpoint i don’t want that i i try to learn quite a bit about the ones that i have an interest in or learn you know discover 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 lot of individuals who do not understand a lot about crypto or or are really versus it stating stating i don’t comprehend 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 many 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 okay 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 work efficiently so it so if we feel and and look this this enters into a bit of a viewpoint i’m a big defy man i love decentralized finance and part of the reason is because i’ve remained in finance for so long and i know where the ineffectiveness are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be fantastic the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be truly effective operating on dollars working on us dollars over the banking system you need 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 because there’s all these cryptocurrencies there’s a restricted 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 start to engulf the standard financial system and i don’t suggest that whatever else is going to disappear i indicate my sensation is banks and the crypto that the procedures and everything are going to start working together they’re going to start integrating together and that’s where you’re going to see a good deal of this value so there’s a lot cash in the standard finance 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 eventually it’s just going to be called the monetary system since it’s just a it’s basically a database in a network you get educated and once again once you get informed have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly connect with our guests utilizing a q a and anyone or you can join 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 supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro events be sure to have a look at the description for any advertising deals and to get more information about our remarkable guests i’ll see you in etoro us’s club How Different Between Nasdaq 100 And Nsdq100 Etoro.