There’s all these new cryptos is constantly flooding in…Etoro Cryptofound… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the extremely basics here’s how bitcoin works and and we talk with a great deal of once again monetary consultants here’s simply how bitcoin works and as soon as you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you begin to enter into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you get into that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally just there to attempt to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re entering into it which originates from education understanding and again returning to an investment thesis truthfully and saying 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 study and learn what it is and learn where it fits for me um i you know of course have to do a whole lot of research i can’t keep up with most likely 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’ve never ever even i can’t believe i’ve never ever become aware of that i get a huge ego and i’m like how might i not have actually heard of that however i have it and in some way it gets noted and there are most likely tons of other individuals saying the same things about cryptos that i know 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 look at it is one there are a few methods 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 purchase what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to buy some that are simply simply purely you know pumps like pump plans or something i understand a lot of people made money on shiba inu i know a great deal of people made money on dogecoin that’s fantastic 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 must or they shouldn’t 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 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 ever sleep again and again from an emotional perspective i do not want that i i try to learn quite a bit about the ones that i have an interest in or discover you understand learn why i might be interested why they may have worth and truthfully male it just takes a great deal of education the other thing i’ll say about that real quickly is you hear a great deal of people who don’t understand a lot about crypto or or are actually against it stating stating i do not 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 a lot of them can exist on their own many of them are a currency that is for a specific 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 financial network fine 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 function effectively so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy man i love decentralized finance and part of the reason is since i have actually remained in finance for so long and i understand where the inefficiencies are and i understand if we can take some of those inefficiencies out of the system and we can use blockchain innovation to do it that would be excellent the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient 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 effective so there is to me not very much fact to the assertion that because 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 start to swallow up the standard financial system and i do not imply that everything else is going to disappear i imply my sensation is banks and the crypto that the protocols and everything are going to start collaborating they’re going to start integrating together which’s where you’re visiting 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 presently call the crypto system or the
What’s bad about eToro? Etoro Cryptofound
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 again as soon as you get educated have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members directly connect with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro occasions make certain to check out the description for any marketing deals and to learn more about our remarkable visitors i’ll see you in etoro us’s club Etoro Cryptofound.