There’s all these new cryptos is continuously flooding in…What Is My Etoro Wallet Address Litecoin… i imply how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the very basics here’s how bitcoin works and and we talk with a great deal of once again financial consultants here’s simply how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and after that you start to enter 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 understanding how bitcoin functions then you enter into that you understand all these new tokens all these new cryptocurrencies a few of them are literally 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 and that originates from education understanding and again going back to a financial investment thesis honestly and saying i’m not going to buy 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 study and learn what it is and learn where it suitables for me um i you know naturally need to do a whole lot of research study 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 noted on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never heard of that i get a big ego and i resemble how might i not have actually heard of that however i have it and in some way it gets listed and there are probably tons of other people saying the same things about cryptos that i know a lot about because i i tend to take a look at a great deal of defy things i tend to look a lot of those tokens so the the way i look at it is one there are a few methods one is i attempt to educate myself as much as possible and then have an idea of what i like to learn more about and like to purchase 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 do not like to invest in some that are just simply simply you understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i know a great deal of individuals earned money on dogecoin that’s terrific to hear i do not want to do that that that’s not me i pick not to and i’m not telling anybody they must or they should not because there are a lot of individuals that have done well i choose not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from an emotional viewpoint i do not want that i i attempt to discover quite a bit about the ones that i’m interested in or learn you know find out why i might be interested why they may have worth and truthfully male it simply takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a lot of people who do not understand a lot about crypto or or are truly versus it saying saying i don’t understand how there can be all these cryptocurrencies one of them has to win however that’s that’s not the case they are all they they can or a lot of them can exist on their own much 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 okay if eth is the currency of the ethereum network so there’s an entire 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 gets into a bit of an opinion i’m a big defy guy i love decentralized finance 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 know if we can take a few of those inadequacies out of the system and we can use blockchain technology to do it that would be excellent the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient running on dollars running 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 because there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to again in my viewpoint start to start to swallow up the conventional monetary system and i do not mean that everything else is going to go away i suggest my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to begin incorporating together which’s where you’re going to see a great deal of this worth so there’s so much money in the standard financing 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 as soon as you get informed 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 specifically transmitted for etoro us club members our webinars let members directly connect with our guests utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro boodle bag special access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and special invites to irl yes real life etoro events make certain to have a look at the description for any marketing offers and to learn more about our fantastic guests i’ll see you in etoro us’s club What Is My Etoro Wallet Address Litecoin.