There’s all these new cryptos is continuously flooding in…Indicador Volumen Etoro… i imply how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the really essentials here’s how bitcoin works and and we talk to a lot of once again financial advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and after that you start to get into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally just there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering into it and that originates from education understanding and again returning to a financial investment thesis honestly and saying i’m not going to buy anything just because i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and find out where it fits for me um i you know obviously have to do a great deal 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 listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever become aware of that i get a big ego and i’m like how might i not have actually heard of that but i have it and somehow it gets noted and there are probably tons of other people saying the same features of cryptos that i understand a lot about because i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a few ways one is i try to inform myself as much as possible and after that have an idea of what i like to discover and like to buy what do i like to invest in do i like to purchase 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 lot of individuals earned money on shiba inu i know a lot of individuals generated income on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they must or they should not because there are a great deal of individuals that have succeeded i choose not to do that a person since 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 happen 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 discover you know find out why i might be interested why they may have value and truthfully male it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are really against it saying stating i don’t 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 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 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 needs to have its own currency to work effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is due to the fact that i have actually remained in financing for so long and i know where the inefficiencies are and i know 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 technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars running 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 reality 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 determine which one’s going to be the winner it is going to again in my viewpoint start to begin to engulf the standard monetary system and i do not mean that whatever else is going to go away i indicate my sensation is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a lot of this value so there’s so much 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 ultimately it’s simply going to be called the monetary system since it’s just a it’s basically a database in a network you get informed and again when 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 exclusively broadcast for etoro us club members our webinars let members directly engage with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make sure to take a look at the description for any promotional deals and to learn more about our amazing visitors i’ll see you in etoro us’s club Indicador Volumen Etoro.