There’s all these new cryptos is continuously flooding in…How To Buy Bitcoin Gold On Robinhood… i suggest how do you make 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 discover the the extremely basics here’s how bitcoin works and and we speak with a great deal of again financial consultants here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and then 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 comes from understanding how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies a few of them are actually just there to try to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the rate 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 truthfully and saying i’m not going to buy anything just because i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and discover what it is and learn where it suitables for me um i you know of course have to do a great deal of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i’ve never heard of that i get a big ego and i’m like how could i not have actually heard of that but i have it and somehow it gets listed and there are probably tons of other individuals saying the same aspects of cryptos that i know a lot about since i i tend to look at a great deal of defy things i tend to look a great deal 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 educate myself as much as possible and then have a concept 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 capital or liquidity protocol or something like that so understanding those i do not like to purchase some that are just simply purely you understand pumps like pump schemes or something i know a great deal of individuals earned money on shiba inu i understand a lot of people earned money on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anyone they ought to or they should not because there are a lot of individuals that have done well i pick not to do that a person since 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 wake up and i’m down here because what will happen is i’ll never sleep again and again from an emotional standpoint i do not desire that i i try to find out 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 honestly male it simply takes a great deal 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 truly versus it stating saying i don’t understand how there can be all these cryptocurrencies among them needs 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 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 a whole network there and it needs 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 gets into a bit of an opinion i’m a huge defy man i love decentralized financing and part of the reason is since i have actually been in finance for so long and i understand where the ineffectiveness are and i know if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be great the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really efficient operating on dollars operating 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 reality to the assertion that because there’s all these cryptocurrencies there’s a restricted quantity 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 opinion start to begin to engulf the conventional monetary system and i don’t indicate that whatever else is going to disappear i suggest my sensation is banks and the crypto that the protocols and whatever are going to begin working together they’re going to begin incorporating together which’s where you’re going to see a lot of this value so there’s so much money in the standard financing 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 just going to be called the financial system because it’s just a it’s essentially a database in a network you get educated and again as soon as you get educated have a financial 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 straight interact with our guests using a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro occasions make certain to check out the description for any promotional deals and to find out more about our fantastic visitors i’ll see you in etoro us’s club How To Buy Bitcoin Gold On Robinhood.