There’s all these new cryptos is constantly flooding in…Monthly Dividend Stocks Etoro… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that honestly is about education so you if you discover the the really basics here’s how bitcoin works and and we talk with a great deal of again financial consultants here’s simply how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are actually just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the cost today that’s the only factor you’re entering into it and that comes from education understanding and again returning to a financial investment thesis truthfully and stating i’m not going to invest in 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 discover where it suitables for me um i you know of course have to do a great deal of research i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never ever heard of that i get a big 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 most likely lots of other people saying the exact same aspects of cryptos that i know a lot about since i i tend to take a 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 methods one is i try to educate myself as much as possible and after that have a concept of what i like to discover and like to buy what do i like to invest in do i like to buy 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 just simply you understand pumps like pump schemes or something i understand a great deal of individuals earned money on shiba inu i know a lot of people generated income 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 shouldn’t because there are a lot of people that have done well i choose not to do that a person since they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and get up and i’m down here because what will occur is i’ll never sleep again and again from an emotional viewpoint i don’t want that i i try to learn a fair bit about the ones that i have an interest in or discover you understand find out why i might be interested why they may have value and truthfully man it just takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who don’t comprehend a lot about crypto or or are actually 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 lot 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 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 effectively so it so if we feel and and look this this enters a bit of a viewpoint i’m a huge defy person i love decentralized financing and part of the reason is because i have actually been in financing for so long and i understand where the inefficiencies are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually efficient working on dollars running on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not very much truth to the assertion that because there’s all these cryptocurrencies there’s a minimal 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 opinion start to start to swallow up the conventional monetary system and i do not imply that whatever else is going to disappear i suggest my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a great deal of this value so there’s a lot cash in the conventional finance system that’s going to make its method into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system since it’s simply a it’s basically 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 buy here’s what i don’t 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 join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag special access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro events make certain to take a look at the description for any marketing offers and to read more about our amazing visitors i’ll see you in etoro us’s club Monthly Dividend Stocks Etoro.