There’s all these brand-new cryptos is constantly flooding in…Valentina Reingold Etoro… i mean how do you do 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 find out the the really basics here’s how bitcoin works and and we speak with a great deal of again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering it which originates from education understanding and again going back to an investment thesis truthfully and saying i’m not going to purchase anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and find out where it fits for me um i you understand naturally need to do a whole lot of research study 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 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 however i have it and somehow it gets listed and there are most likely lots of other individuals stating the exact same features of cryptos that i understand a lot about because i i tend to look at a great deal 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 few ways one is i try to inform myself as much as possible and after that have a concept of what i like to learn more about and like to invest in what do i like to purchase 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 plans or something i understand a great deal of individuals generated income on shiba inu i understand a lot of people earned money 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 need to or they should not because there are a great deal of individuals that have actually done well i pick not to do that a person because they’re they trade remember 24 7 365.
i don’t wish 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 ever sleep again and again from a psychological standpoint i don’t want that i i attempt to discover quite a bit about the ones that i’m interested in or learn you understand learn why i might be interested why they might have value and truthfully guy it simply takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a lot of people who do not understand a lot about crypto or or are really versus it stating stating i do not understand how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or a number of them can exist on their own a lot 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 alright 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 function efficiently so it so if we feel and and look this this gets into a bit of a viewpoint i’m a huge defy guy i love decentralized financing and part of the factor is since i’ve remained in financing for so long and i know where the inadequacies are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be truly efficient running 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 quite reality to the assertion that since there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the standard financial system and i don’t imply that everything else is going to go away i indicate my sensation is banks and the crypto that the protocols and everything are going to start interacting they’re going to begin integrating together which’s where you’re going to see a good deal of this worth so there’s so much money in the conventional financing system that’s going to make its method into what we currently call the crypto system or the
What’s bad about eToro? Valentina Reingold Etoro
Defi system and eventually it’s just going to be called the monetary system because it’s just a it’s essentially a database in a network you get informed and again when you get informed have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight engage with our visitors utilizing a q a and any person or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor 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 real life etoro occasions make sure to take a look at the description for any advertising deals and to get more information about our incredible visitors i’ll see you in etoro us’s club Valentina Reingold Etoro.