There’s all these brand-new cryptos is constantly flooding in…Oanda Premium Account Benefits… i suggest how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you discover the the very basics here’s how bitcoin works and and we speak to a lot of again financial consultants here’s just how bitcoin works and as soon as you understand 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 investment thesis behind bitcoin and that is 80 of the video 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 a few of them are actually 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 reason you’re entering it and that comes from education understanding and once again returning to a financial investment thesis truthfully and stating 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 learn what it is and discover where it suitables for me um i you understand of course have to do a lot of research study i can’t keep up 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 believe i’ve never become aware of that i get a huge ego and i’m like how could i not have become aware of that but i have it and in some way it gets listed and there are probably tons of other people stating the same features of cryptos that i know a lot about because 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 ways one is i attempt 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 protocol or something like that so comprehending those i do not like to purchase some that are just simply simply you understand pumps like pump plans or something i know a great deal of individuals earned money on shiba inu i understand a great deal of individuals earned money on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i select not to and i’m not telling anyone they ought to or they should not because there are a great deal of individuals that have succeeded i select not to do that a person because they’re they trade remember 24 7 365.
i don’t 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 happen is i’ll never ever sleep again and again from an emotional perspective i don’t want that i i attempt to find out quite a bit about the ones that i have an interest in or learn you know find out why i might be interested why they might have worth and honestly man it just takes a whole lot of education the other thing i’ll say about that genuine quickly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are truly versus it stating stating i don’t understand 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 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 financial 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this enters into a little bit of an opinion i’m a huge defy guy i love decentralized financing and part of the reason is because i’ve been in financing for so long and i understand where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be excellent the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective running on dollars running on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite truth to the assertion that since there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to once again in my viewpoint start to start to swallow up the standard monetary system and i do not suggest that whatever else is going to disappear i mean my sensation is banks and the crypto that the protocols and everything are going to start interacting they’re going to begin integrating together which’s where you’re going to see a lot of this value so there’s so much money in the traditional 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 eventually it’s simply 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 transmitted for etoro us club members our webinars let members straight engage with our visitors utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher 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 be sure to check out the description for any advertising deals and for more information about our amazing guests i’ll see you in etoro us’s club Oanda Premium Account Benefits.