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There’s all these new cryptos is continuously flooding in…Index Of Elliott Wave Script Thinkorswim… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we talk with a lot of once again monetary consultants here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you know all these new tokens all these new cryptocurrencies a few of them are literally simply there to attempt 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 reason you’re entering into it which originates from education understanding and once again returning to an investment thesis honestly and stating i’m not going to buy 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 find out where it fits for me um i you understand of course have to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never heard of that i get a huge ego and i’m like how might i not have actually become aware of that however 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 due to the fact that i i tend to take a look at a great deal 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 educate myself as much as possible and then have an idea of what i like to find out about and like to invest in what do i like to purchase do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to invest in some that are just simply simply you know pumps like pump schemes or something i know a lot of people made money on shiba inu i know a lot of people earned money on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i select not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people that have succeeded i pick not to do that a person because they’re they trade remember 24 7 365.

 

 

i don’t want to go to sleep 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 a psychological standpoint i don’t want that i i attempt to find out a fair bit about the ones that i’m interested in or discover you understand learn why i might be interested why they may have worth and honestly man it just takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are truly versus it saying stating i do not comprehend how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own a lot 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 needs to have his own it it requires to have its own currency to work efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy man i love decentralized financing and part of the reason is since i’ve remained in financing 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 utilize blockchain innovation to do it that would be fantastic the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be really effective running on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite truth to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter 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 swallow up the conventional monetary system and i do not mean that everything else is going to disappear i suggest my sensation is banks and the crypto that the procedures and everything are going to begin interacting they’re going to start integrating together and that’s where you’re going to see a lot of this worth so there’s a lot cash 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 since it’s just a it’s essentially a database in a network you get informed and again once you get educated 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 exclusively broadcast for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro events make sure to take a look at the description for any advertising offers and to learn more about our fantastic guests i’ll see you in etoro us’s club Index Of Elliott Wave Script Thinkorswim.