There’s all these new cryptos is constantly flooding in…Pivot Points Indicator Etoro… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the extremely basics here’s how bitcoin works and and we speak to a great deal of again financial consultants here’s just how bitcoin works and as soon as 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 into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally just there to attempt to where they have no performance it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re entering it and that originates from education understanding and again going back to a financial investment thesis truthfully and saying i’m not going to purchase anything even if 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 find out what it is and find out where it suitables for me um i you understand obviously need 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 new one being noted on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever become aware of that i get a huge ego and i resemble how might i not have heard of that but i have it and in some way it gets noted and there are most likely lots of other individuals stating the very same features of cryptos that i understand a lot about since i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few methods one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn more 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 buy some that are simply simply simply you understand pumps like pump plans or something i know a lot of individuals generated income on shiba inu i know a lot of people earned money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anyone they must or they should not because there are a lot of individuals that have done well i pick not to do that a person since 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 get up and i’m down here due to the fact that what will take place is i’ll never ever sleep again and again from a psychological viewpoint i don’t want that i i try to discover a fair bit about the ones that i’m interested in or discover you know learn why i might be interested why they may have value and truthfully guy it simply takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are really against it saying stating i do not understand 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 much of them can exist on their own much 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 all right 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 work effectively so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is because i’ve remained in financing for so long and i understand where the inefficiencies are and i know if we can take some of those inefficiencies out of the system and we can use blockchain technology to do it that would be terrific the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really efficient working on dollars operating 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 due to the fact that there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter 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 engulf the traditional monetary system and i do not mean that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to start incorporating together and that’s where you’re going to see a great deal of this worth so there’s a lot money in the traditional 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 financial system due to the fact that it’s simply a it’s basically a database in a network you get informed and once again as soon as you get informed have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members straight engage with our visitors using 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 swag bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events make certain to take a look at the description for any marketing offers and to get more information about our incredible guests i’ll see you in etoro us’s club Pivot Points Indicator Etoro.