There’s all these brand-new cryptos is continuously flooding in…Etoro Asic Knowledge Assessment Questionnaire… i mean how do you make 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 extremely fundamentals here’s how bitcoin works and and we speak to a great deal of again monetary advisors here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are literally just there to attempt to where they have no functionality 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 originates from education understanding and again returning to a financial investment thesis truthfully and saying i’m not going to purchase anything even if i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and discover what it is and discover where it fits for me um i you know of course need to do a lot of research 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 new one being noted on some exchange and i’m and i go i have actually never even i can’t think i’ve never heard of that i get a big ego and i’m like how might i not have become aware of that but i have it and somehow it gets noted and there are probably tons of other people stating the very same aspects of 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 great deal of those tokens so the the way i look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn more about and like to buy what do i like to purchase 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 purchase some that are just simply simply you understand pumps like pump plans or something i understand a great deal of individuals made money on shiba inu i understand a lot of individuals generated income on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they should or they should not because there are a lot of people that have done well i choose not to do that a person due to the fact that they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here since what will take place is i’ll never sleep again and again from a psychological perspective i do not desire that i i try to find out 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 worth and truthfully male it just takes a lot of education the other thing i’ll state about that real rapidly is you hear a great deal of individuals who don’t understand a lot about crypto or or are truly against it stating saying i do not 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 number of them can exist on their own much 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 okay 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 requires to have its own currency to operate effectively so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the reason is because i’ve remained in finance 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 great the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be actually efficient running on dollars running 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 quite reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal 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 again in my viewpoint start to begin to engulf the conventional financial system and i don’t indicate that everything else is going to go away i imply my sensation is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin integrating together which’s where you’re visiting a great deal of this value so there’s so much cash in the standard financing system that’s going to make its way 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 financial system since it’s just 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 don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and any person or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro boodle bag exclusive access to our regular 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 reality etoro events be sure to check out the description for any marketing offers and to read more about our incredible visitors i’ll see you in etoro us’s club Etoro Asic Knowledge Assessment Questionnaire.