There’s all these new cryptos is continuously flooding in…Etoro Zambia… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you learn the the very basics here’s how bitcoin works and and we talk to a lot of again monetary advisors here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you begin to enter what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies some of them are actually just there to attempt to where they have no performance it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only factor you’re entering into it and that comes from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to buy anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and find out where it fits for me um i you know naturally have to do a lot of research study 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 have actually never even i can’t think i have actually never become aware 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 somehow it gets noted and there are probably tons of other individuals stating the exact same aspects of cryptos that i know a lot about because i i tend to take a look at a lot of defy things 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 methods one is i try to inform myself as much as possible and after that have a concept of what i like to discover and like to buy what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to purchase some that are just simply purely you know pumps like pump schemes or something i know a great deal of individuals earned money on shiba inu i understand a great deal of individuals made money on dogecoin that’s fantastic to hear i don’t want 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 lot of people that have done well i choose not to do that one since they’re they trade keep in mind 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 attempt 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 male it just takes a lot of education the other thing i’ll say about that real quickly is you hear a lot of individuals who do not understand a lot about crypto or or are really versus it stating stating i do not 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 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 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 a whole network there and it needs to have his own it it needs 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 man i love decentralized finance and part of the factor is due to the fact that i have actually been in financing for so long and i understand where the ineffectiveness are and i know if we can take some of those inadequacies out of the system and we can use blockchain innovation to do it that would be excellent the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be really effective working on dollars working 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 quite fact to the assertion that since there’s all these cryptocurrencies there’s a minimal 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 begin to engulf the standard monetary system and i do not indicate that everything else is going to go away i indicate my sensation is banks and the crypto that the protocols and everything are going to begin interacting they’re going to begin incorporating together which’s where you’re visiting a lot of this value so there’s so much money in the traditional financing 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 eventually it’s simply going to be called the financial system due to the fact that it’s just a it’s basically a database in a network you get informed and again when you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely broadcast for etoro us club members our webinars let members straight engage with our guests 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 swag bag exclusive access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make certain to check out the description for any promotional deals and for more information about our incredible visitors i’ll see you in etoro us’s club Etoro Zambia.