There’s all these new cryptos is continuously flooding in…Soros Fund To Trade Cryptocurrency… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you find out the the very basics here’s how bitcoin works and and we speak with a great deal of again monetary consultants here’s simply how bitcoin works and once you comprehend 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 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 new cryptocurrencies some of them are literally simply 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 reason you’re getting into it and that originates from education understanding and once again returning to an investment thesis honestly and saying i’m not going to invest in anything just because i saw some dude 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 learn where it fits for me um i you understand naturally have to do a great deal of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh every week i see a new one being listed on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never become aware of that i get a big ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets noted and there are probably tons of other individuals stating the same things about cryptos that i know a lot about due to the fact that i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the method 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 more about and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to invest in some that are just just purely you know pumps like pump plans or something i understand a great deal of individuals made money on shiba inu i know a great deal of people earned money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i select not to and i’m not telling anybody they ought to or they shouldn’t because there are a lot of people that have actually succeeded i select not to do that one due to the fact that they’re they trade remember 24 7 365.
i don’t want to go to sleep 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 ever sleep again and again from an emotional standpoint i don’t want that i i attempt to learn quite a bit about the ones that i’m interested in or discover you understand find out why i might be interested why they might have worth and truthfully guy it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who don’t understand a lot about crypto or or are really against it stating stating i don’t 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 many of them can exist on their own much 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 okay if eth is the currency of the ethereum network so there’s a whole network there and it needs to have his own it it requires to have its own currency to work effectively so it so if we feel and and look this this enters into a bit of a viewpoint i’m a big defy person i love decentralized financing and part of the factor is due to the fact that i’ve been in finance for so long and i know where the inadequacies are and i understand if we can take a few 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 innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be really efficient operating on dollars working 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 reality to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to enter 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 monetary system and i do not suggest that whatever else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to begin working together 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 money 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 simply going to be called the financial system since it’s simply a it’s basically a database in a network you get informed and once again when you get informed have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly communicate with our visitors using 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 swag bag special access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and special invites to irl yes reality etoro events be sure to take a look at the description for any marketing offers and to get more information about our incredible visitors i’ll see you in etoro us’s club Soros Fund To Trade Cryptocurrency.