There’s all these brand-new cryptos is continuously flooding in…Etoro Market Schedule… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you discover the the extremely fundamentals here’s how bitcoin works and and we talk to a lot of again monetary consultants here’s simply how bitcoin works and once you understand bitcoin you understand 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 and that is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter into that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are actually just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re getting into it and that 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 guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and learn what it is and learn where it fits for me um i you know of course need to do a whole lot of research 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 ever even i can’t think i’ve never ever heard of that i get a big ego and i resemble how might i not have actually heard of that however i have it and in some way it gets noted and there are probably lots of other people saying the same features of cryptos that i understand a lot about due to the fact that i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the way i take a 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 discover and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to invest in some that are just just purely you know pumps like pump plans or something i understand a great deal of people earned money on shiba inu i know a lot of individuals earned money on dogecoin that’s great to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anybody they need to or they shouldn’t because there are a great deal of people that have actually done well i select not to do that one since they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from a psychological perspective i don’t desire that i i try to discover a fair bit about the ones that i have an interest in or learn you understand find out why i might be interested why they may have worth and truthfully man it simply takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are truly versus it saying saying i do not understand how there can be all these cryptocurrencies among 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 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 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 operate efficiently so it so if we feel and and look this this gets into a bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is due to the fact that i have actually remained in financing for so long and i understand where the inadequacies are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be excellent the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be really effective operating on dollars running 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 very much reality 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 determine which one’s going to be the winner it is going to once again in my viewpoint start to start to engulf the conventional financial system and i do not suggest that whatever else is going to disappear i imply my feeling is banks and the crypto that the procedures and whatever are going to begin working together they’re going to begin integrating together which’s where you’re going to see a great deal of this worth so there’s a lot cash in the traditional finance system that’s going to make its method into what we currently call the crypto system or the
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Defi system and ultimately it’s just going to be called the financial system since it’s simply a it’s basically a database in a network you get informed and again as soon as you get educated 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 transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and any person or you can join etoro club and u.s club members get a lot of advantages such as an etoro swag bag unique access to our regular monthly 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 real life etoro events be sure to have a look at the description for any promotional deals and to learn more about our fantastic guests i’ll see you in etoro us’s club Etoro Market Schedule.