There’s all these brand-new cryptos is constantly flooding in…Cheapest Network Fees Etoro… i indicate 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 extremely fundamentals here’s how bitcoin works and and we talk to a lot of once again monetary consultants here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and after that you begin to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually just there to try to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it and that originates from education understanding and again going back to an investment thesis honestly and saying i’m not going to invest in anything even if 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 find out what it is and find out where it fits for me um i you know of course need to do a lot of research i can’t stay up to date with most likely 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’ve never ever even i can’t think i have actually never ever heard of that i get a big ego and i resemble how could i not have actually heard of that however i have it and somehow it gets listed and there are probably tons of other people saying the exact same features of cryptos that i know a lot about because i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i try to educate myself as much as possible and after that have an idea 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 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 understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i know a great deal of people generated income on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anyone they must or they shouldn’t because there are a lot of people that have actually done well i pick not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and awaken and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional viewpoint i don’t want that i i try to find out a fair bit about the ones that i have an interest in or learn you understand discover why i might be interested why they might have value and truthfully man it simply takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are truly versus it stating stating i don’t comprehend how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or much of them can exist on their own many 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 economic network alright 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 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 an opinion i’m a huge defy guy i love decentralized finance and part of the reason is due to the fact that i have actually been in finance for so long and i understand where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be fantastic the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be truly 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 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 opinion start to start to engulf the standard financial system and i do not imply 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 integrating together and that’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 way into what we currently call the crypto system or the
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Defi system and eventually it’s just going to be called the monetary system because it’s simply a it’s essentially a database in a network you get educated and once again as soon as you get educated have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically broadcast 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 bunch of perks such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro events make certain to check out the description for any marketing deals and to find out more about our remarkable guests i’ll see you in etoro us’s club Cheapest Network Fees Etoro.