There’s all these new cryptos is continuously flooding in…Cryptocurrency Trade Shows… i suggest how do you finish with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you learn the the really fundamentals here’s how bitcoin works and and we talk to a lot of once again financial advisors here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and then you begin to enter into what is the financial 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 enter that you understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering it and that comes from education understanding and once again going back to a financial investment thesis truthfully and stating i’m not going to buy anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and find out where it fits for me um i you understand of course need to do a whole lot of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never become aware of that i get a huge ego and i’m like how could i not have actually become aware of that but i have it and in some way it gets noted and there are probably lots of other individuals stating the same aspects of cryptos that i understand 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 way i take a look at it is one there are a few ways one is i attempt to educate myself as much as possible and then have a concept of what i like to learn about and like to buy what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to buy some that are just simply simply you understand pumps like pump schemes or something i understand a lot of people made money on shiba inu i understand a lot of people made money 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 people that have actually done well i choose not to do that one since they’re they trade keep in mind 24 7 365.
i do not want to go to sleep one night and i’m up here and awaken and i’m down here due to the fact that what will occur is i’ll never sleep again and again from an emotional viewpoint i don’t want that i i attempt to find out quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have worth and truthfully male it simply takes a whole lot of education the other thing i’ll say about that genuine quickly is you hear a great deal of people who don’t comprehend a lot about crypto or or are actually versus it saying 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 number of them can exist on their own many of them are a currency that is for a particular 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 a whole 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 gets into a little bit of an opinion i’m a big defy guy i love decentralized finance and part of the reason is due to the fact that i have actually been in financing for so long and i know where the inefficiencies are and i understand if we can take some 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 efficient without the currency that runs the network you can’t have the blockchain innovation be really efficient running 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 minimal amount 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 viewpoint start to begin to engulf the standard monetary system and i don’t imply that whatever else is going to disappear i mean my sensation is banks and the crypto that the protocols and whatever are going to begin working together they’re going to begin integrating together and that’s where you’re going to see a great deal of this worth so there’s a lot cash in the standard financing system that’s going to make its method into what we presently call the crypto system or the
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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 when you get educated 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 transmitted for etoro us club members our webinars let members directly communicate with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag special access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events make sure to take a look at the description for any marketing offers and to read more about our remarkable guests i’ll see you in etoro us’s club Cryptocurrency Trade Shows.