There’s all these new cryptos is continuously flooding in…How To Change Candlestick On Robinhood… i suggest 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 find out the the extremely fundamentals here’s how bitcoin works and and we talk to a lot of once again financial consultants here’s simply how bitcoin works and once you comprehend bitcoin you understand things like blockchain innovation you understand openness and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these brand-new tokens all these new cryptocurrencies a few of them are actually just there to attempt 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 reason you’re entering it and that originates from education understanding and once again returning to an investment thesis honestly and saying i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and learn what it is and learn where it fits for me um i you know obviously have to do a whole lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being listed on some exchange and i’m and i go i’ve never 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 actually become aware of that however i have it and somehow it gets listed and there are probably lots of other people saying the exact same things about cryptos that i understand a lot about because i i tend to look at a lot of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i try to educate myself as much as possible and after that have a concept of what i like to learn more about and like to purchase what do i like to buy do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to invest in some that are simply just purely you understand pumps like pump schemes or something i know a lot of people generated income on shiba inu i know a great deal of people made money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they ought to or they should not because there are a lot of individuals 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 do not wish to go to sleep one night and i’m up here and awaken and i’m down here due to the fact that what will occur is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i try to discover a fair bit about the ones that i have an interest in or learn you know learn why i might be interested why they might have value and truthfully male it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of people who don’t understand a lot about crypto or or are truly versus it stating saying i don’t comprehend 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 much of them can exist on their own a lot of them are a currency that is for a particular 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 financial network fine if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it needs to have its own currency to operate efficiently so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a big defy person i love decentralized finance and part of the factor is because i’ve been in financing for so long and i understand where the ineffectiveness are and i know if we can take some of those inadequacies out of the system and we can use blockchain technology to do it that would be terrific the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective working 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 truth to the assertion that since there’s all these cryptocurrencies there’s a minimal 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 viewpoint start to start to swallow up the traditional financial system and i don’t indicate that everything else is going to go away i suggest my feeling is banks and the crypto that the protocols and everything are going to start interacting they’re going to start incorporating together which’s where you’re visiting a lot of this value so there’s so much money in the conventional 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 ultimately it’s simply going to be called the monetary system because it’s just a it’s essentially a database in a network you get informed and once again once you get informed have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight interact 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 perks such as an etoro swag bag unique access to our month-to-month webinars quarterly market reports and a dedicated account manager 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 advertising deals and to find out more about our remarkable visitors i’ll see you in etoro us’s club How To Change Candlestick On Robinhood.