There’s all these brand-new cryptos is continuously flooding in…Etoro Elite Pro… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the really fundamentals here’s how bitcoin works and and we speak with a lot of again financial consultants here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to get 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 understanding how bitcoin functions then you enter into that you understand 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 just we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering into it and that originates from education understanding and again going back to a financial investment thesis honestly and stating 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 suitables for me um i you understand of course have to do a great deal of research i can’t stay up to date 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 have actually never heard of that i get a big ego and i’m like how could i not have become aware of that but i have it and in some way it gets listed and there are probably lots of other individuals stating the very same aspects of cryptos that i know a lot about because i i tend to look at a lot 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 few ways one is i try to educate myself as much as possible and then have an idea of what i like to find out about and like to invest in what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i don’t like to invest in some that are simply just simply you understand pumps like pump schemes or something i know a great deal of people made money on shiba inu i understand a great deal of individuals made money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anyone they need to or they shouldn’t because there are a lot of people that have succeeded i pick not to do that one because they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and wake up and i’m down here since what will take place is i’ll never sleep again and again from an emotional viewpoint 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 find out 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 really against it stating stating i don’t understand how there can be all these cryptocurrencies among 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 many 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 financial network alright 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 efficiently so it so if we feel and and look this this gets into a bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the factor is since i’ve remained in financing 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 terrific the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective 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 very much fact to the assertion that since there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to enter 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 traditional financial system and i don’t mean that whatever else is going to go away i imply my sensation is banks and the crypto that the procedures and whatever are going to start working together they’re going to start integrating together which’s where you’re going to see a lot of this value so there’s so much cash in the conventional finance system that’s going to make its method 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 since it’s simply a it’s basically a database in a network you get educated and once again once you get informed have an investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members straight communicate with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and special invites to irl yes reality etoro occasions be sure to take a look at the description for any advertising deals and to get more information about our fantastic visitors i’ll see you in etoro us’s club Etoro Elite Pro.