There’s all these brand-new cryptos is constantly flooding in…Etoro Au‚Àûaua Ece‚Â†A… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you find out the the really essentials here’s how bitcoin works and and we talk with a lot of once again financial consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and then you begin to enter 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 originates from understanding how bitcoin functions then you enter into that you know all these brand-new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re getting into it which comes from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to invest in anything just because 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 discover what it is and discover where it fits for me um i you understand naturally 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 every 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 big ego and i’m like how might i not have become aware of that however i have it and somehow it gets noted and there are most likely tons of other people saying the exact same aspects of cryptos that i know a lot about because 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 method i take a 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 discover and like to buy what do i like to invest in 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 buy some that are just just simply you know pumps like pump plans or something i understand a lot of people earned money on shiba inu i understand a lot of people made money on dogecoin that’s great 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 ought to or they should not because there are a great deal of individuals that have succeeded i select not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and awaken and i’m down here since what will happen is i’ll never sleep again and again from a psychological perspective i do not want that i i try to find out quite a bit about the ones that i’m interested in or learn you understand learn 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 genuine rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually versus it stating saying i don’t understand how there can be all these cryptocurrencies one of 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 lot of them are a currency that is for a specific 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 okay if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it needs to have its own currency to work effectively so it so if we feel and and look this this enters a bit of a viewpoint i’m a huge defy guy i love decentralized financing and part of the factor is since i’ve been in finance for so long and i know where the inefficiencies are and i know if we can take a few of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be really efficient running 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 very much reality to the assertion that since there’s all these cryptocurrencies there’s a limited quantity 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 conventional monetary system and i don’t suggest that everything else is going to go away i mean my feeling is banks and the crypto that the procedures and everything are going to start collaborating they’re going to begin integrating together and that’s where you’re visiting a good deal of this value so there’s a lot money in the conventional 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 eventually it’s simply going to be called the monetary system because it’s just a it’s essentially a database in a network you get informed and once again when you get informed have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight communicate with our guests using a q a and any person or you can join etoro club and u.s club members get a bunch 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 higher tiers you can also get things like a membership of the wall street journal delta pro and special invitations to irl yes reality etoro events make certain to take a look at the description for any marketing offers and to learn more about our fantastic visitors i’ll see you in etoro us’s club Etoro Au‚Àûaua Ece‚Â†A.