There’s all these brand-new cryptos is continuously flooding in…Best Trading Strategies Indicators Tradingview… i suggest how do you do 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 essentials here’s how bitcoin works and and we talk to a lot of once again financial advisors here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you comprehend openness and immutability and all those things and then you start to enter into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the price today that’s the only reason you’re getting into it and that comes from education understanding and again returning to a financial investment thesis honestly and saying i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and learn what it is and discover where it fits for me um i you know of course have to do a lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every 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 believe i have actually never ever become aware of that i get a big ego and i’m like how might i not have heard of that however i have it and somehow it gets noted and there are probably tons of other individuals stating the same things about cryptos that i know a lot about due to the fact that i i tend to take a look at a great deal of defy things i tend to look a great deal of those tokens so the the way i take a look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and then have a concept of what i like to learn about and like to invest in what do i like to buy do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to buy some that are just simply simply you understand pumps like pump plans or something i understand a lot of people made money on shiba inu i understand a great deal of people earned money on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i select not to and i’m not telling anybody they should or they should not because there are a lot of people that have done well i choose not to do that a person since they’re they trade keep in mind 24 7 365.
i do not want 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 take place is i’ll never ever sleep again and again from an emotional standpoint i do not want that i i attempt to find out a fair bit about the ones that i have an interest in or discover you know find out why i might be interested why they might have value and truthfully male it simply takes a lot of education the other thing i’ll state about that real rapidly is you hear a great deal of individuals who don’t understand a lot about crypto or or are really against it stating saying i do not understand how there can be all these cryptocurrencies one of them needs 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 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 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 needs to have its own currency to operate efficiently so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy person i love decentralized financing and part of the factor is since i’ve been in finance for so long and i understand where the ineffectiveness are and i understand if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be terrific the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient operating on dollars running 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 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 traditional financial system and i do not imply that everything else is going to go away i imply my sensation is banks and the crypto that the protocols and everything are going to start working together they’re going to begin integrating together which’s where you’re going to see a good deal of this value so there’s so much 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 monetary system because it’s just a it’s basically a database in a network you get educated and once again when you get educated have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invites to irl yes real life etoro occasions be sure to take a look at the description for any promotional offers and for more information about our fantastic visitors i’ll see you in etoro us’s club Best Trading Strategies Indicators Tradingview.