There’s all these new cryptos is constantly flooding in…How To Buy Dogecoin On Etoro… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the really basics here’s how bitcoin works and and we speak with a lot of once again financial consultants here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you begin to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you get into that you know all these brand-new tokens all these new cryptocurrencies some of them are literally simply there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re getting into it and that comes from education understanding and again going back to a financial investment thesis honestly and saying i’m not going to buy anything just because 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 find out where it fits for me um i you understand of course have to do a whole lot of research i can’t stay up to date with probably 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 have actually never even i can’t think i’ve never become aware of that i get a huge ego and i resemble how might i not have become aware of that but i have it and in some way it gets listed and there are probably lots of other people saying the exact same features of cryptos that i know a lot about because i i tend to look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i take a look at it is one there are a couple of ways one is i try to educate myself as much as possible and then have an idea of what i like to find out about and like to purchase what do i like to purchase do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to invest in some that are just just simply you understand pumps like pump plans or something i know a lot of people earned money on shiba inu i know a lot of people made money on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i select not to and i’m not telling anyone they should or they shouldn’t because there are a great deal of people that have succeeded i select not to do that one since they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here because what will happen is i’ll never ever sleep again and again from a psychological perspective i don’t want that i i try to find out quite a bit about the ones that i’m interested in or discover you know learn why i might be interested why they may have value and truthfully man it simply takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a great deal of individuals who do not understand a lot about crypto or or are truly versus 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 number 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 financial network all right 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 work efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a big defy guy i love decentralized finance and part of the factor is since i have actually remained in financing for so long and i know where the inadequacies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be great the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be really effective working on dollars operating 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 very much reality 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 swallow up the conventional financial system and i don’t suggest that everything else is going to disappear i indicate my sensation is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin integrating together which’s where you’re going to see a lot of this value so there’s a lot cash in the conventional 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 financial system since it’s just a it’s basically a database in a network you get educated and once again as soon as you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and any person or you can join etoro club and u.s club members get a lot of perks 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 likewise get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro events make sure to have a look at the description for any advertising deals and to learn more about our remarkable guests i’ll see you in etoro us’s club How To Buy Dogecoin On Etoro.