There’s all these brand-new cryptos is continuously flooding in…Etoro Virtual Portfolio Reset… i suggest how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we talk with a lot of again financial advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you understand openness and immutability and all those things and then you begin to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes 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 just there to try to where they have no performance it’s just we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re entering into it which originates from education understanding and again going back to a financial investment thesis truthfully and saying i’m not going to invest in anything just because i saw some guy 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 find out where it suitables for me um i you know naturally have to do a lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i have actually never heard of that i get a huge ego and i’m like how might i not have heard of that however i have it and somehow it gets noted and there are probably tons of other people stating the exact same features of cryptos that i know a lot about due to the fact that i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a couple of methods one is i try to educate myself as much as possible and after that have an idea of what i like to learn about and like to buy what do i like to invest in do i like to invest in the ones that have some sort of cash flow 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 lot of individuals earned money on shiba inu i know a great deal of people generated income on dogecoin that’s fantastic 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 must or they should not because there are a lot of people that have actually done well i select not to do that one because they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and awaken and i’m down here because what will occur is i’ll never sleep again and again from an emotional viewpoint i don’t want that i i try to discover 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 male it just takes a lot of education the other thing i’ll state about that real quickly is you hear a lot of individuals who do not understand a lot about crypto or or are truly against it stating stating i do not understand how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own a number 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 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 efficiently so it so if we feel and and look this this gets into a bit of an opinion i’m a huge defy guy i love decentralized finance and part of the factor is because i have actually been in financing for so long and i know 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 innovation to do it that would be great the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be really efficient working on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not quite fact to the assertion that because there’s all these cryptocurrencies there’s a limited quantity 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 begin to swallow up the standard financial system and i do not mean that everything else is going to disappear i indicate my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start incorporating together which’s where you’re visiting a lot of this value so there’s a lot cash in the conventional 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 due to the fact that it’s just a it’s essentially a database in a network you get informed and once again when you get informed have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members straight engage with our visitors using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro swag bag unique access to our month-to-month webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro events be sure to take a look at the description for any promotional offers and to find out more about our fantastic guests i’ll see you in etoro us’s club Etoro Virtual Portfolio Reset.