There’s all these brand-new cryptos is constantly flooding in…No Mans Sky Planetary Trade Platform Space Station Gek… 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 very basics here’s how bitcoin works and and we talk with a lot of once again financial consultants here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to enter what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally just there to try to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re entering into it which comes from education understanding and again going back to a financial investment thesis honestly and saying i’m not going to invest in 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 and find out what it is and discover where it fits for me um i you know naturally have to do a great deal of research study 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 new one being noted on some exchange and i’m and i go i’ve never even i can’t think i’ve never ever heard of that i get a big ego and i’m like how might i not have heard of that but i have it and somehow it gets listed and there are most likely lots of other individuals saying the exact same things about cryptos that i understand a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a couple of methods one is i try to educate myself as much as possible and then have an idea of what i like to learn about and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so understanding 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 individuals generated income on shiba inu i know a great deal of people generated income on dogecoin that’s great 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 should not because there are a lot of individuals that have done well i pick not to do that one because they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will occur is i’ll never sleep again and again from an emotional viewpoint i don’t desire that i i try to learn a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have worth and honestly male it just takes a lot of education the other thing i’ll state about that real quickly is you hear a great deal of people who do not understand a lot about crypto or or are truly against it saying saying i do not understand how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or much 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 has to have his own it it needs to have its own currency to function effectively so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a big defy guy i love decentralized financing and part of the factor is due to the fact that i’ve remained in finance for so long and i know where the inadequacies are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be terrific the thing 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 working 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 quite fact to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity 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 opinion start to begin to engulf the traditional financial system and i don’t indicate that whatever else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to begin incorporating together and that’s where you’re going to see a great deal of this worth so there’s so much money in the standard financing 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 because it’s simply a it’s essentially a database in a network you get educated and again when 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 solely broadcast for etoro us club members our webinars let members straight interact with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro occasions make certain to take a look at the description for any advertising offers and for more information about our remarkable guests i’ll see you in etoro us’s club No Mans Sky Planetary Trade Platform Space Station Gek.