There’s all these new cryptos is constantly flooding in…Etoro Deklaration… i indicate how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we talk with a great deal of once again monetary advisors here’s simply how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you begin to enter into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you understand all these brand-new tokens all these new cryptocurrencies a few of them are actually simply there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering it which originates from education understanding and once again returning to an investment thesis honestly and saying i’m not going to invest in anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and learn what it is and discover where it fits for me um i you know of course have to do a lot of research study 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’ve never even i can’t believe i’ve never heard of that i get a big ego and i resemble how might i not have become aware of that however i have it and in some way it gets listed and there are probably lots of other individuals stating the exact same things about cryptos that i know a lot about since i i tend to 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 couple of methods one is i try to inform 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 procedure or something like that so comprehending those i don’t like to purchase some that are just just purely you know pumps like pump plans or something i know a lot of people made money on shiba inu i understand a great deal 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 should or they should not because there are a great deal of people that have actually done well i choose not to do that a person due to the fact that they’re they trade remember 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 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 discover quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have worth and honestly guy it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are actually against it saying saying i don’t comprehend how there can be all these cryptocurrencies one of them has to win however that’s that’s not the case they are all they they can or many 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 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 work effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is due to the fact that i’ve remained in financing for so long and i understand where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be terrific the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient running on dollars operating 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 quite truth to the assertion that because there’s all these cryptocurrencies there’s a restricted 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 opinion start to start to swallow up the standard monetary system and i do not mean that whatever else is going to disappear i indicate my sensation is banks and the crypto that the protocols and whatever are going to begin working together they’re going to start integrating together and that’s where you’re going to see a great deal of this value so there’s so much money in the standard finance 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 eventually it’s just going to be called the monetary system due to the fact that it’s simply a it’s basically a database in a network you get educated and again when you get educated have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly connect 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 bunch of benefits 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 exclusive invitations to irl yes reality etoro events make sure to have a look at the description for any marketing offers and to find out more about our fantastic visitors i’ll see you in etoro us’s club Etoro Deklaration.