There’s all these new cryptos is constantly flooding in…Mt5 To Etoro… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the extremely essentials here’s how bitcoin works and and we talk to a great deal of again financial consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and then you start to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies originates 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 actually just there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering into it which originates from education understanding and once again going back to a financial investment thesis truthfully and stating i’m not going to buy anything just because i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and discover where it fits for me um i you understand of course have to do a lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i have actually never heard of that i get a huge ego and i resemble how might i not have 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 very same features of cryptos that i understand a lot about since i i tend to look at a lot 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 methods one is i try to inform myself as much as possible and after that have an idea of what i like to learn about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to purchase some that are just just simply you know pumps like pump schemes or something i know a great deal of people made money on shiba inu i know a great deal of people made money on dogecoin that’s great to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they should not because there are a great deal of people 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 don’t 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 happen is i’ll never ever sleep again and again from an emotional perspective i do not want that i i try to find out 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 might have value and truthfully guy 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 do not understand a lot about crypto or or are actually versus it saying saying i do not comprehend how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or many of them can exist on their own many 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 financial 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 operate efficiently so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the reason is since i have actually been in finance for so long and i know 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 fantastic the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient working on dollars running on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not quite reality to the assertion that because 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 indicate that whatever else is going to go away i mean my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin incorporating together and that’s where you’re visiting a great deal of this value so there’s a lot money in the standard finance 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 eventually it’s simply going to be called the financial system because it’s just a it’s basically 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 purchase 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 guests using a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro boodle bag special access to our monthly 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 be sure to check out the description for any promotional offers and for more information about our fantastic visitors i’ll see you in etoro us’s club Mt5 To Etoro.