There’s all these new cryptos is continuously flooding in…Controversy Of Etoro… i suggest how do you finish with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the very fundamentals here’s how bitcoin works and and we talk to a lot of once again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you understand openness and immutability and all those things and after that you begin to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies some of them are actually simply there to try to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the cost today that’s the only factor you’re getting into it and that originates from education understanding and again returning to an investment thesis honestly and saying i’m not going to buy anything even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and learn what it is and discover where it suitables for me um i you understand of course need to do a great deal 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 noted on some exchange and i’m and i go i’ve never ever even i can’t believe i have actually never ever heard of that i get a big ego and i’m like how might i not have actually heard of that however i have it and somehow it gets listed and there are most likely tons of other people stating the very same aspects of cryptos that i know a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a couple of methods one is i attempt to educate myself as much as possible and after that have an idea of what i like to find out about and like to invest in what do i like to purchase do i like to buy 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 just simply purely you know pumps like pump schemes or something i understand a great deal of individuals made money on shiba inu i know a great deal of individuals earned money on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anybody they must or they shouldn’t because there are a lot of people that have actually succeeded i select not to do that one since they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and get up and i’m down here because what will occur is i’ll never ever sleep again and again from an emotional viewpoint i do not want that i i try to discover a fair bit about the ones that i’m interested in or discover you know discover why i might be interested why they may have value and honestly male it just 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 understand a lot about crypto or or are truly against it saying 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 a lot of them can exist on their own a number of them are a currency that is for a specific 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 financial network okay 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 operate effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy person i love decentralized finance and part of the factor is because i have actually been in financing for so long and i understand where the ineffectiveness are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be truly efficient 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 truth 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 determine which one’s going to be the winner it is going to once again in my opinion start to begin to swallow up the conventional monetary system and i do not imply that everything else is going to go away i suggest my feeling is banks and the crypto that the procedures and whatever are going to start interacting they’re going to start 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 method 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 just a it’s basically a database in a network you get educated and again once you get educated have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight connect with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro occasions be sure to have a look at the description for any advertising offers and to learn more about our incredible visitors i’ll see you in etoro us’s club Controversy Of Etoro.