There’s all these new cryptos is constantly flooding in…Can You Put Your Coins In Tether On Etoro… i suggest how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that honestly is about education so you if you discover the the really fundamentals here’s how bitcoin works and and we talk with a lot of again financial consultants here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you begin to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending 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 just we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering into it which comes from education understanding and again returning to a financial investment thesis truthfully and stating i’m not going to purchase anything just because 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 suitables for me um i you know obviously need to do a great deal of research study i can’t stay up to date with probably 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 believe i’ve never become aware of that i get a huge ego and i’m like how might i not have become aware of that however i have it and somehow it gets noted and there are most likely tons of other people saying the very same things about cryptos that i know a lot about due to the fact that i i tend to 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 attempt to inform myself as much as possible and after that have a concept of what i like to discover and like to purchase what do i like to invest in do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to buy some that are simply simply simply you know pumps like pump schemes or something i understand a lot of individuals earned money on shiba inu i know a great deal of individuals generated income 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 anyone they need to or they should not because there are a lot of people that have actually done well i choose not to do that one since they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and get up and i’m down here because what will happen is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i try to find out a fair bit about the ones that i’m interested in or discover you know find out why i might be interested why they may have worth and honestly man it simply takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are really versus it saying saying i do not understand 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 many of them can exist on their own a lot of them are a currency that is for a particular 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 all right if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it needs to have its own currency to function effectively so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy person i love decentralized financing and part of the factor is because i’ve been in finance for so long and i understand where the inefficiencies are and i know if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually efficient working on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient 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 figure out which one’s going to be the winner it is going to once again in my viewpoint start to begin to swallow up the conventional monetary system and i don’t mean that whatever else is going to go away i mean my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to start integrating together and that’s where you’re going to see a lot of this value so there’s a lot money in the conventional financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system since it’s just 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 don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members straight communicate with our visitors using a q a and anyone or you can join 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 devoted 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 be sure to take a look at the description for any advertising deals and for more information about our incredible guests i’ll see you in etoro us’s club Can You Put Your Coins In Tether On Etoro.