There’s all these new cryptos is constantly flooding in…Qualified Opportunity Funds Etoro… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we speak to a great deal of again financial advisors here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the cost today that’s the only factor you’re entering it and that originates from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to purchase 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 study and learn what it is and discover where it fits for me um i you understand of course have to do a lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i have actually never ever become aware 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 noted and there are most likely tons of other people stating the same things about cryptos that i understand a lot about because i i tend to look at a lot of defy stuff 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 couple of methods one is i attempt 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 purchase 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 don’t like to invest in some that are simply just simply you know pumps like pump plans or something i know a great deal of people generated income on shiba inu i know a lot of individuals made money on dogecoin that’s excellent to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they shouldn’t because there are a great deal of individuals that have succeeded i pick not to do that one because they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and awaken and i’m down here because what will happen is i’ll never sleep again and again from a psychological standpoint i don’t desire that i i attempt to discover quite a bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have value and truthfully male it just takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who do not understand a lot about crypto or or are truly against it saying stating i don’t comprehend how there can be all these cryptocurrencies one of them needs 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 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 okay 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 big defy guy i love decentralized financing and part of the reason is due to the fact that i’ve remained in finance for so long and i know where the ineffectiveness are and i understand if we can take a few of those inadequacies out of the system and we can utilize 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 really efficient operating on dollars operating 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 very much fact to the assertion that because there’s all these cryptocurrencies there’s a minimal amount 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 once again in my viewpoint start to begin to engulf the traditional monetary system and i don’t imply that everything else is going to go away i mean my sensation is banks and the crypto that the protocols and everything are going to begin interacting they’re going to start incorporating together which’s where you’re going to see a good deal of this worth so there’s a lot cash in the standard financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and eventually 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 again once you get informed have an investment thesis here’s what i like to purchase 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 interact with our guests utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of advantages such as an etoro swag bag exclusive access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make certain to check out the description for any marketing offers and to learn more about our incredible guests i’ll see you in etoro us’s club Qualified Opportunity Funds Etoro.