There’s all these new cryptos is continuously flooding in…Harmony One Proce Etoro… i imply 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 learn the the very fundamentals here’s how bitcoin works and and we talk with a great deal of once again monetary advisors here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering it and that comes from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to buy anything just because i saw some guy 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 fits for me um i you understand of course have to do a great deal 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 brand-new one being listed on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never become aware of that i get a huge ego and i’m like how might i not have become aware of that but i have it and in some way it gets listed and there are probably tons of other people stating the exact same aspects of cryptos that i know a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a few ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn more about and like to purchase what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to buy some that are just simply purely you know pumps like pump plans or something i know a great deal of individuals generated income on shiba inu i understand a great deal of individuals earned money on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anybody they must or they should not because there are a great deal of people that have succeeded i select not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i don’t wish to go to sleep 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 ever sleep again and again from a psychological viewpoint i do not want that i i attempt to find out a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have worth and honestly male it simply takes a lot of education the other thing i’ll say about that genuine quickly is you hear a lot of people who do not comprehend a lot about crypto or or are truly against it saying stating i don’t comprehend 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 much 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 okay 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 operate efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is since i have actually been in financing for so long and i know where the ineffectiveness are and i know if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation 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 actually effective 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 very much truth to the assertion that since 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 don’t mean that whatever else is going to go away i mean my feeling is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to begin incorporating together which’s where you’re visiting a good deal of this worth so there’s a lot money in the standard 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 since it’s just a it’s basically a database in a network you get informed and once again once you get informed have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members directly 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 advantages such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions be sure to check out the description for any advertising offers and for more information about our incredible visitors i’ll see you in etoro us’s club Harmony One Proce Etoro.