There’s all these brand-new cryptos is continuously flooding in…Etoro Kontoauszug In Euro… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the really essentials here’s how bitcoin works and and we speak to a lot of once again financial consultants here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you start to get into what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies a few of them are literally 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 comes from education understanding and again returning to a financial investment thesis honestly and saying i’m not going to invest in anything even if i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and find out where it fits for me um i you understand naturally have to do a whole lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each 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 ever become aware of that i get a big ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets noted and there are probably tons of other individuals saying the same things about cryptos that i know a lot about because i i tend to take a look at a lot 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 attempt 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 invest in do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to purchase some that are just simply simply you know pumps like pump schemes or something i understand a lot of individuals generated income on shiba inu i understand a great deal of people earned money on dogecoin that’s great to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anyone they ought to or they should not because there are a lot of people that have actually done well i pick not to do that one since they’re they trade keep in mind 24 7 365.
i do not wish to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from a psychological viewpoint i don’t want that i i try to learn quite a bit about the ones that i’m interested in or learn you know discover why i might be interested why they may have value and honestly man it just takes a great deal of education the other thing i’ll say about that real rapidly is you hear a lot of people who do not understand a lot about crypto or or are truly versus it stating saying i don’t comprehend 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 many of them can exist on their own much 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 economic network all right if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it requires to have its own currency to function efficiently so it so if we feel and and look this this gets into a bit of an opinion i’m a huge defy person i love decentralized financing and part of the reason is since i’ve been in finance for so long and i know where the ineffectiveness are and i know if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent 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 really efficient operating 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 quite reality to the assertion that because there’s all these cryptocurrencies there’s a limited 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 opinion start to start to engulf the conventional financial system and i don’t indicate that everything else is going to disappear i indicate my sensation is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to begin integrating together which’s where you’re visiting a great deal of this worth so there’s so much money in the standard 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 ultimately it’s just going to be called the financial system because it’s just a it’s basically a database in a network you get informed and again as soon as 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 specifically relayed for etoro us club members our webinars let members straight engage with our visitors utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag unique access to our monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and unique invitations to irl yes real life etoro events make sure to take a look at the description for any promotional offers and to learn more about our remarkable guests i’ll see you in etoro us’s club Etoro Kontoauszug In Euro.