There’s all these brand-new cryptos is constantly flooding in…Is Electroneum On Etoro… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we talk to a great deal of once again monetary consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and after that you begin to enter what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are actually simply there to attempt to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re getting into it which originates from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to purchase 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 find out what it is and discover where it suitables for me um i you know of course need to do a whole lot 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 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 become aware of that i get a huge ego and i resemble how could i not have heard of that but i have it and somehow it gets noted and there are most likely tons of other people saying the same aspects of cryptos that i understand a lot about since i i tend to take a 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 methods one is i attempt to inform 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 invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to buy some that are just simply purely you know pumps like pump plans or something i understand a great deal of individuals earned money on shiba inu i know a great deal of individuals earned money on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they shouldn’t because there are a lot of people that have succeeded i select not to do that one because they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and wake up and i’m down here due to the fact that what will happen is i’ll never ever sleep again and again from an emotional perspective i don’t want that i i try to find out a fair bit about the ones that i’m interested in or discover you understand discover why i might be interested why they may have worth and honestly male it simply takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are really against it stating saying i don’t comprehend how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or a number of them can exist on their own a lot of them are a currency that is for a specific 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 all right if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it requires to have its own currency to function effectively so it so if we feel and and look this this enters a little bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the reason is due to the fact that i’ve been in finance for so long and i understand where the inadequacies are and i know if we can take a few of those inadequacies 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 efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective 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 efficient so there is to me not quite reality to the assertion that since there’s all these cryptocurrencies there’s a limited 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 again in my viewpoint start to begin to swallow up the conventional financial system and i don’t mean that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to start incorporating together and that’s where you’re visiting a great deal of this value so there’s so much money in the conventional financing system that’s going to make its method 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 financial system because it’s simply a it’s basically a database in a network you get educated and again once you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly engage with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of advantages such as an etoro swag bag exclusive access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make certain to check out the description for any promotional deals and to read more about our fantastic guests i’ll see you in etoro us’s club Is Electroneum On Etoro.