There’s all these brand-new cryptos is constantly flooding in…Thinkorswim Plot Premarket High Low Code… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully 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 great deal of again financial consultants here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to enter into what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only reason you’re entering it which comes from education understanding and once again going back to an investment thesis honestly and saying i’m not going to buy anything just because i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and find out where it fits for me um i you know obviously have to do a whole lot of research i can’t keep up with probably 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’ve never even i can’t think i have actually never ever become aware of that i get a huge ego and i’m like how might i not have become aware of that however i have it and in some way it gets listed and there are probably tons of other individuals saying the very same things about cryptos that i understand a lot about since i i tend to take a look at a lot of defy things 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 a concept of what i like to find out about and like to purchase what do i like to buy do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to invest in some that are just just purely you understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i know a lot of people made money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people that have actually done well i select not to do that a person because they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and wake up and i’m down here since what will happen is i’ll never sleep again and again from an emotional perspective i don’t want that i i attempt to learn a fair bit about the ones that i’m interested in or learn you know find out why i might be interested why they might have worth and honestly male it simply takes a lot of education the other thing i’ll state about that real quickly is you hear a great deal of people who don’t comprehend a lot about crypto or or are actually against it saying saying i do not understand how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own a number 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 all right 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 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 man i love decentralized finance and part of the reason is since i have actually been in finance for so long and i understand where the inadequacies are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be terrific the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be really effective working on dollars working on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to once again in my viewpoint start to begin to swallow up the conventional financial system and i do not mean that whatever else is going to disappear i imply my sensation is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin incorporating together which’s where you’re going to see a great deal of this worth so there’s a lot money in the standard finance system that’s going to make its way into what we currently call the crypto system or the
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Defi system and ultimately it’s just going to be called the financial system because it’s simply a it’s essentially a database in a network you get informed and again once you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members directly communicate with our visitors using a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes reality etoro occasions make certain to take a look at the description for any advertising deals and to find out more about our incredible visitors i’ll see you in etoro us’s club Thinkorswim Plot Premarket High Low Code.