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There’s all these new cryptos is continuously flooding in…Coinbase Addion… i imply 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 really basics here’s how bitcoin works and and we talk to a great deal of again monetary consultants here’s simply how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and after that you start to enter into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s simply we hope

that the price tomorrow is higher than the cost today that’s the only factor you’re getting into it and that comes from education understanding and once again returning to an investment thesis truthfully and saying i’m not going to purchase 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 fits for me um i you know of course have 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 weekly i see a new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i have actually never heard of that i get a huge ego and i resemble how might i not have become aware of that however i have it and somehow it gets noted and there are most likely lots of other people saying the exact 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 stuff 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 ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn more 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 procedure or something like that so understanding those i don’t like to invest in some that are simply simply purely you understand pumps like pump schemes or something i know a great deal of individuals generated income on shiba inu i understand a lot of people 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 anybody they ought to or they shouldn’t because there are a lot of individuals that have succeeded i choose not to do that a person because they’re they trade remember 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 because what will take place is i’ll never ever sleep again and again from an emotional viewpoint i do not want that i i attempt to discover quite a bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have worth and honestly man it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of people who do not understand a lot about crypto or or are truly versus it stating stating 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 much of them can exist on their own much 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 all right 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 enters into a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the factor is because i have actually remained in financing for so long and i understand where the inadequacies are and i understand 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 thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective operating on dollars running 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 very much reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal quantity 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 begin to swallow up the standard monetary system and i don’t imply that everything else is going to disappear i mean my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin integrating together and that’s where you’re going to see a great deal of this value so there’s a lot cash in the standard finance 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 eventually it’s simply going to be called the financial system due to the fact that it’s just a it’s basically a database in a network you get educated and again when you get educated have a financial investment thesis here’s what i like to purchase 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 communicate with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag unique 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 subscription of the wall street journal delta pro and special invitations to irl yes reality etoro occasions make sure to take a look at the description for any promotional deals and to learn more about our incredible visitors i’ll see you in etoro us’s club Coinbase Addion.