There’s all these new cryptos is constantly flooding in…Crypto Junkies Cj Trade Log… i suggest how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk with a great deal of once again monetary advisors here’s just how bitcoin works and once you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter into that you understand 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 rate tomorrow is higher than the rate today that’s the only factor you’re entering into it which originates from education understanding and again going back to an investment thesis truthfully and stating 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 study and learn what it is and find out where it suitables for me um i you know of course need to do a lot of research i can’t keep up with most likely 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 ever even i can’t think i’ve never ever heard of that i get a big ego and i resemble how could i not have heard of that but i have it and in some way it gets noted and there are most likely lots of other people saying the same things about cryptos that i understand a lot about due to the fact that i i tend to 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 few methods one is i try to inform myself as much as possible and then have a concept of what i like to learn more about and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to buy some that are simply just purely you know pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i know a great deal of people generated income on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anyone they need to or they should not because there are a lot of individuals that have done well i select not to do that a person due to the fact that they’re they trade keep in mind 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 due to the fact that what will occur is i’ll never sleep again and again from a psychological perspective i do not want that i i attempt to find out a fair bit about the ones that i’m interested in or learn you understand discover why i might be interested why they may have worth and honestly man it simply takes a great deal of education the other thing i’ll say about that real quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are actually against it stating stating i don’t 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 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 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 function effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is because i’ve been in financing for so long and i understand where the inadequacies are and i know if we can take a few of those inadequacies out of the system and we can use blockchain innovation to do it that would be terrific 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 working on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much truth to the assertion that since there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to again in my viewpoint start to begin to engulf the conventional financial system and i don’t imply that whatever else is going to go away i imply my sensation is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a good deal of this value so there’s a lot cash in the traditional financing system that’s going to make its way into what we currently call the crypto system or the
What’s bad about eToro? Crypto Junkies Cj Trade Log
Defi system and eventually it’s just going to be called the financial system because it’s simply a it’s essentially a database in a network you get educated and again as soon as you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly interact with our guests using a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag exclusive access to our month-to-month webinars quarterly market reports and a devoted 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 invites to irl yes reality etoro events make certain to take a look at the description for any marketing deals and for more information about our remarkable visitors i’ll see you in etoro us’s club Crypto Junkies Cj Trade Log.