There’s all these new cryptos is constantly flooding in…Etoro Can’t Open… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the really fundamentals here’s how bitcoin works and and we talk to a great deal of again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you understand openness and immutability and all those things and after that you begin to enter into what is the financial investment thesis behind bitcoin which is 80 of the 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 literally just there to try to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the price today that’s the only factor you’re entering it and that comes from education understanding and again going back to an investment thesis honestly and stating i’m not going to invest in anything just because i saw some dude 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 suitables for me um i you know of course 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 each week i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i have actually never heard of that i get a big ego and i’m like how could i not have actually become aware of that however i have it and somehow it gets listed and there are most likely lots of other people stating the exact same aspects 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 lot of those tokens so the the method i take a look at it is one there are a couple of methods one is i attempt to inform myself as much as possible and then have an idea of what i like to discover and like to purchase what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to buy some that are just simply purely you know pumps like pump plans or something i understand a great deal of people made money on shiba inu i know a great deal of people made money on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they should not because there are a lot of people that have succeeded i pick not to do that one since they’re they trade keep in mind 24 7 365.
i don’t wish to go to sleep 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 ever sleep again and again from an emotional perspective i don’t desire that i i try to find out quite a bit about the ones that i’m interested in or discover you understand find out why i might be interested why they may have value and truthfully man it simply takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of people who don’t understand a lot about crypto or or are truly versus it stating saying i do not comprehend 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 a lot of them can exist on their own many 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 fine 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 effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a huge 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 inefficiencies are and i know if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be great 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 efficient running on dollars operating 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 very much reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 again in my viewpoint start to start to swallow up the standard monetary system and i don’t indicate that whatever else is going to disappear i imply my feeling is banks and the crypto that the procedures and whatever 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 value so there’s so much cash in the traditional 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 ultimately 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 educated and once again once you get informed have an investment thesis here’s what i like to purchase 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 communicate with our guests using a q a and any person or you can join etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag special access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions make certain to check out the description for any advertising deals and to get more information about our incredible guests i’ll see you in etoro us’s club Etoro Can’t Open.