There’s all these new cryptos is constantly flooding in…Coinbase Wallet Vs Nicehash Wallet… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you discover the the very basics here’s how bitcoin works and and we speak to a lot of again financial advisors here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you start to enter into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you understand all these new tokens all these new cryptocurrencies a few of them are literally simply there to attempt to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re entering it and that originates from education understanding and once again returning to an investment thesis honestly and stating i’m not going to invest in anything even if i saw some dude 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 discover where it fits for me um i you understand naturally have to do a whole lot 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 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 heard of that i get a huge ego and i resemble how might i not have become aware of that but i have it and somehow it gets listed and there are probably lots of other people stating the exact same things about 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 take a look at it is one there are a couple of ways one is i try to inform myself as much as possible and then have an idea of what i like to find out about and like to purchase what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to buy some that are simply just simply you know pumps like pump plans or something i know a lot of individuals generated income on shiba inu i understand a great deal of people earned money on dogecoin that’s terrific to hear i do not wish 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 people that have done well i pick not to do that a person because they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from a psychological viewpoint i don’t desire that i i try to find out quite a bit about the ones that i’m interested in or discover you understand discover why i might be interested why they might have value and truthfully male it simply takes a great deal of education the other thing i’ll say about that real rapidly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are actually versus it stating saying i don’t comprehend how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or a lot 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 okay 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 requires to have its own currency to work 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 person i love decentralized finance and part of the reason is because i have actually been in financing for so long and i understand where the inefficiencies are and i understand if we can take some of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be really efficient operating on dollars working 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 truth to the assertion that since there’s all these cryptocurrencies there’s a limited quantity 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 again in my opinion start to start to engulf the traditional financial system and i don’t suggest that everything else is going to disappear i indicate my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to start integrating together and that’s where you’re visiting a lot 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 ultimately 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 informed and again once you get informed 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 broadcast for etoro us club members our webinars let members straight engage with our visitors utilizing a q a and any person or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro occasions make certain to check out the description for any promotional deals and to find out more about our fantastic guests i’ll see you in etoro us’s club Coinbase Wallet Vs Nicehash Wallet.