There’s all these brand-new cryptos is continuously flooding in…How Old Do You Have To Be To Trade Cryptocurrency… i imply how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the extremely essentials here’s how bitcoin works and and we talk with a lot of again monetary advisors here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and then you start to get into what is the 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 that you know all these new tokens all these brand-new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s just we hope
that the cost tomorrow is higher than the price today that’s the only reason you’re entering into it and that originates from education understanding and again going back to an investment thesis honestly 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 and find out what it is and learn where it suitables for me um i you understand naturally need 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 each week i see a brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i have actually never heard of that i get a huge ego and i’m like how might i not have actually become aware of that but i have it and in some way it gets listed and there are most likely lots of other individuals saying the exact same things about cryptos that i understand a lot about due to the fact that 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 method i look at it is one there are a few ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn more about and like to invest in what do i like to buy do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to buy some that are just just simply you know pumps like pump plans or something i know a great deal of individuals generated income on shiba inu i know a great deal of individuals generated income on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i select not to and i’m not telling anybody they should or they shouldn’t because there are a lot of individuals that have done well i pick not to do that one because they’re they trade keep in mind 24 7 365.
i don’t want 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 occur is i’ll never sleep again and again from an emotional viewpoint i do not want that i i try to learn quite a bit about the ones that i’m interested in or discover you understand find out why i might be interested why they might have value and honestly guy it just takes a whole lot of education the other thing i’ll state about that real quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly against it stating saying i do not understand how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or a number of them can exist on their own much of them are a currency that is for a specific 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 financial network all right 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 function efficiently so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy guy i love decentralized financing and part of the reason is due to the fact that i have actually been in financing for so long and i understand where the inefficiencies are and i know if we can take a few of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be excellent the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective operating on dollars working 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 truth to the assertion that since there’s all these cryptocurrencies there’s a restricted amount 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 standard monetary system and i don’t indicate that everything else is going to go away i indicate my feeling is banks and the crypto that the procedures and everything are going to begin working together they’re going to begin incorporating together and that’s where you’re going to see a lot of this value so there’s so much money in the traditional financing system that’s going to make its way 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 essentially a database in a network you get educated and once again when you get informed have an investment thesis here’s what i like to invest in 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 utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle bag special access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro occasions be sure to have a look at the description for any advertising offers and to get more information about our remarkable guests i’ll see you in etoro us’s club How Old Do You Have To Be To Trade Cryptocurrency.