There’s all these brand-new cryptos is continuously flooding in…Does Etoro Take American Express… i indicate how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you find out the the really fundamentals here’s how bitcoin works and and we speak to a lot of again financial advisors here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and then you start to enter into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering into it and that originates from education understanding and again going back to an investment thesis honestly and saying i’m not going to invest in anything just because 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 suitables for me um i you know naturally have to do a lot of research i can’t keep up 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’ve never ever even i can’t believe i’ve never ever become aware of that i get a big ego and i’m like how could i not have actually become aware of that however i have it and somehow it gets noted and there are most likely tons of other people stating the exact same things about cryptos that i understand a lot about due to the fact that 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 try 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 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 invest in some that are simply just purely you know pumps like pump schemes or something i know a great deal of people generated income on shiba inu i understand a lot of individuals earned 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 anybody they ought to or they should not because there are a great deal of people that have actually succeeded 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 take place is i’ll never ever sleep again and again from an emotional standpoint i do not want that i i attempt to find out quite a 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 guy it simply takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are truly against it saying saying i don’t understand how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or much of them can exist on their own much 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 all right 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 needs to have its own currency to work efficiently so it so if we feel and and look this this enters a bit of an opinion i’m a big defy person i love decentralized finance and part of the factor is since i have actually remained in financing for so long and i understand where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can use blockchain innovation to do it that would be excellent the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be really effective operating on dollars working 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 quite truth to the assertion that since there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to once again in my opinion start to start to swallow up the standard monetary system and i don’t imply that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin integrating together which’s where you’re visiting a lot of this value so there’s so much cash in the standard finance system that’s going to make its way into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the financial system since it’s simply a it’s basically a database in a network you get informed and once again when 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 transmitted for etoro us club members our webinars let members straight communicate 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 perks such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes real life etoro events make certain to check out the description for any promotional offers and for more information about our amazing guests i’ll see you in etoro us’s club Does Etoro Take American Express.