There’s all these new cryptos is continuously flooding in…Augur On Etoro… i mean 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 discover the the extremely fundamentals here’s how bitcoin works and and we speak to a lot of again financial consultants here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you start to enter into what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these new tokens all these brand-new cryptocurrencies a few of them are actually just there to attempt to where they have no functionality it’s simply we hope
that the cost tomorrow is higher than the price today that’s the only factor you’re entering into it which comes from education understanding and again returning to an investment thesis truthfully and saying i’m not going to buy anything just because i saw some man 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 learn where it suitables for me um i you understand of course need to do a great deal of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never heard of that i get a huge ego and i resemble how could i not have actually heard of that but i have it and in some way it gets noted and there are probably tons of other individuals stating the same aspects of cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a great deal of those tokens so the the way i look at it is one there are a couple of methods one is i attempt to inform myself as much as possible and after that have a concept of what i like to find out about and like to invest in what do i like to invest in do i like to invest in 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 schemes or something i understand a great deal of people made money on shiba inu i understand a great deal of people generated income on dogecoin that’s excellent to hear i do not want to do that that that’s not me i select not to and i’m not telling anyone they must or they should not because there are a great deal of people that have actually succeeded i choose not to do that a person since they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and get up and i’m down here because what will take place is i’ll never ever sleep again and again from a psychological perspective i don’t want that i i try to learn quite a bit about the ones that i’m interested in or discover you know discover why i might be interested why they may have value and truthfully guy it simply takes a lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of people who don’t comprehend 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 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 a number 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 financial network alright if eth is the currency of the ethereum network so there’s an entire network there and it has 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 little bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is because i have actually been in finance for so long and i know where the inadequacies are and i know if we can take a few of those inadequacies out of the system and we can utilize 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 technology be actually effective operating on dollars operating 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 fact 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 once again in my opinion start to begin to swallow up the standard financial system and i don’t imply that everything else is going to go away i mean my feeling is banks and the crypto that the protocols and everything are going to start interacting they’re going to start integrating together which’s where you’re visiting a great deal of this value so there’s a lot money in the traditional financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the financial system since it’s simply a it’s basically a database in a network you get educated 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 relayed for etoro us club members our webinars let members directly communicate with our visitors using 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 swag bag exclusive access to our monthly 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 invitations to irl yes reality etoro occasions make certain to check out the description for any advertising offers and to get more information about our fantastic guests i’ll see you in etoro us’s club Augur On Etoro.