There’s all these new cryptos is constantly flooding in…Trading 212 Bitcoin Scandal… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we talk to a lot of again financial advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you begin to enter what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you get into that you know all these new tokens all these brand-new cryptocurrencies a few of them are literally simply there to attempt to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate 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 stating i’m not going to purchase anything just because i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and find out what it is and learn where it fits for me um i you know obviously 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 weekly i see a 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 heard of that i get a big ego and i resemble how might i not have become aware of that but i have it and in some way it gets listed and there are most likely tons of other individuals stating the exact same aspects of 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 great deal of those tokens so the the method i take a look at it is one there are a couple of ways one is i try to inform myself as much as possible and after that have an idea of what i like to discover and like to purchase what do i like to purchase do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to purchase some that are simply just simply you understand pumps like pump schemes or something i know a great deal of people made money on shiba inu i know a lot of individuals generated income on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anyone they should or they shouldn’t because there are a lot of people that have done well i pick not to do that one 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 awaken and i’m down here because what will happen is i’ll never sleep again and again from an emotional standpoint i do not want that i i try to find out quite a bit about the ones that i have an interest in or learn you understand discover why i might be interested why they may have worth and truthfully guy it simply takes a lot of education the other thing i’ll say about that real quickly is you hear a lot of individuals who do not understand a lot about crypto or or are truly against it stating saying 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 many of them can exist on their own many of them are a currency that is for a particular 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 economic network alright 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 function effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy man i love decentralized financing and part of the factor is since 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 innovation to do it that would be excellent the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient working on dollars working 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 very much reality to the assertion that because there’s all these cryptocurrencies there’s a limited amount 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 once again in my opinion start to begin to swallow up the conventional financial system and i do not mean that whatever else is going to go away i mean my feeling is banks and the crypto that the protocols and everything are going to begin interacting they’re going to begin incorporating together which’s where you’re visiting a good deal of this value so there’s a lot money in the traditional 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 eventually it’s just going to be called the financial system since 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 buy here’s what i do not this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members straight engage with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a bunch 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 unique invitations to irl yes reality etoro occasions be sure to have a look at the description for any marketing deals and for more information about our amazing visitors i’ll see you in etoro us’s club Trading 212 Bitcoin Scandal.