There’s all these new cryptos is constantly flooding in…How Different Between Nasdaq 100 And Nsdq100 Etoro… i imply 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 find out the the really basics here’s how bitcoin works and and we talk to a great deal of again monetary consultants here’s simply how bitcoin works and as soon as you understand bitcoin you understand things like blockchain innovation you understand openness and immutability and all those things and after that you begin to enter what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter into that you understand all these brand-new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re getting into it and that comes from education understanding and once again returning to an 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 learn what it is and learn where it fits for me um i you understand obviously 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 ever even i can’t believe i have actually never ever 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 somehow it gets listed and there are most likely lots of other individuals stating the very same aspects of cryptos that i know a lot about since i i tend to look at a great deal of defy things i tend to look a great deal of those tokens so the the way i look at it is one there are a couple of ways one is i try to inform 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 buy do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i do not like to buy some that are simply just purely you know pumps like pump plans or something i know a lot of individuals earned money on shiba inu i understand a lot of individuals generated income on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of individuals that have actually succeeded i select not to do that a person because they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here due to the fact that what will occur is i’ll never ever sleep again and again from an emotional standpoint i don’t desire that i i attempt to find out a fair bit about the ones that i have an interest in or discover you understand learn why i might be interested why they might have worth and truthfully guy it simply takes a whole lot of education the other thing i’ll say about that real quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are truly versus it stating saying i do not comprehend how there can be all these cryptocurrencies among 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 many 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 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 operate effectively so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy person i love decentralized finance and part of the factor is since i’ve been in finance for so long and i know where the inadequacies are and i understand if we can take some 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 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 quite fact to the assertion that because there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my viewpoint start to begin to engulf the conventional financial system and i don’t suggest that everything else is going to disappear i imply my feeling is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to begin incorporating together and that’s where you’re visiting a lot of this worth so there’s so much cash 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 ultimately it’s simply going to be called the monetary system due to the fact that it’s just a it’s essentially a database in a network you get educated and again when you get informed have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members straight communicate 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 exclusive access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro occasions make sure to take a look at the description for any marketing offers and to find out more about our incredible guests i’ll see you in etoro us’s club How Different Between Nasdaq 100 And Nsdq100 Etoro.