There’s all these brand-new cryptos is continuously flooding in…Cysec Etoro… 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 really fundamentals here’s how bitcoin works and and we speak to a great deal of again financial consultants here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you start to enter into what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you get into that you understand all these new tokens all these brand-new cryptocurrencies some of them are literally simply there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the price today that’s the only factor you’re entering it which comes from education understanding and once again going back to a financial 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 study and find out what it is and find out where it fits for me um i you know obviously have to do a great deal of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every week 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 become aware of that i get a big ego and i’m like how could i not have heard of that however i have it and in some way it gets listed and there are probably lots of other people saying the exact same features of cryptos that i understand a lot about since i i tend to look at a great deal of defy things 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 methods one is i try to educate myself as much as possible and after that have an idea of what i like to find out about and like to buy what do i like to purchase do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to buy some that are simply simply simply you know pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i know a lot of individuals made money on dogecoin that’s great to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they need to or they shouldn’t because there are a great deal of individuals that have actually succeeded i pick not to do that one because 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 wake up and i’m down here since what will happen is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i try to learn a fair bit about the ones that i’m interested in or discover you know find out 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 state about that genuine rapidly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are truly versus it saying saying i do not understand how there can be all these cryptocurrencies one of them needs to win however 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 an entire network there and it needs to have his own it it needs to have its own currency to work efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy guy i love decentralized finance and part of the factor is because i have actually remained in finance for so long and i know where the ineffectiveness are and i know if we can take some of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be terrific the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be really effective working on dollars working 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 truth to the assertion that since there’s all these cryptocurrencies there’s a minimal 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 once again in my viewpoint start to begin to swallow up the traditional monetary system and i don’t mean that whatever else is going to disappear i imply my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to begin incorporating together which’s where you’re going to see a lot of this value so there’s a lot money 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 ultimately it’s just going to be called the monetary system because it’s simply 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 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 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 lot of benefits such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro events make certain to have a look at the description for any advertising deals and for more information about our fantastic guests i’ll see you in etoro us’s club Cysec Etoro.