There’s all these brand-new cryptos is constantly flooding in…Will I Be Charged For Using Etoro… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the very basics here’s how bitcoin works and and we speak to a lot of again financial advisors here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and then 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 originates from understanding how bitcoin functions then you enter into that you know all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually simply there to attempt to where they have no functionality it’s just we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering into it which comes from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to invest in anything even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and find out what it is and find out where it fits for me um i you understand obviously need to do a great deal of research i can’t keep up with probably 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 have actually never even i can’t think i’ve never ever heard of that i get a big ego and i’m like how might i not have actually become aware of that but i have it and in some way it gets listed and there are most likely lots of other individuals stating the same aspects of cryptos that i understand a lot about because 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 ways one is i try to educate myself as much as possible and then have an idea of what i like to find out about and like to purchase what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to buy some that are just just simply you understand pumps like pump plans or something i understand a lot of people earned money on shiba inu i understand a great deal of individuals earned money on dogecoin that’s excellent to hear i don’t 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 done well i pick not to do that a person because 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 occur is i’ll never ever sleep again and again from a psychological standpoint i do not desire that i i attempt to learn a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they may have worth and truthfully male it simply takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of individuals who do not understand a lot about crypto or or are really against it saying saying i don’t 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 many of them can exist on their own much 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 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 efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy guy i love decentralized finance and part of the factor is because i’ve remained in finance for so long and i know where the inefficiencies 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 fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly 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 reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to once again in my opinion start to start to engulf the traditional monetary system and i do not indicate that everything else is going to disappear i suggest my feeling is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to begin integrating together and that’s where you’re going to see a great 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 ultimately it’s simply going to be called the financial system because it’s simply a it’s essentially a database in a network you get educated and once again when you get educated 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 relayed for etoro us club members our webinars let members directly connect with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of benefits 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 likewise get things like a subscription of the wall street journal delta pro and special invites to irl yes reality etoro occasions make certain to check out the description for any promotional deals and for more information about our amazing visitors i’ll see you in etoro us’s club Will I Be Charged For Using Etoro.