There’s all these new cryptos is constantly flooding in…Voyager Vs Etoro… i indicate how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you find out the the extremely fundamentals here’s how bitcoin works and and we talk with a lot of once again monetary consultants here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you begin to get into 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 comprehending how bitcoin functions then you enter that you understand all these new tokens all these brand-new cryptocurrencies some of them are literally simply 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 comes from education understanding and once again going back to a financial investment thesis truthfully and saying i’m not going to buy anything even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and find out what it is and learn where it fits for me um i you understand obviously need to do a whole lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe 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 in some way it gets noted and there are probably tons of other individuals saying the same features of cryptos that i know a lot about because i i tend to take a look at a lot 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 couple of methods one is i try to educate myself as much as possible and after that have a concept of what i like to find out about and like to buy what do i like to invest in do i like to invest in 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 simply purely you know pumps like pump schemes or something i know a lot of individuals made money on shiba inu i know a great deal of individuals made money on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anyone they should or they shouldn’t because there are a lot of individuals that have succeeded i choose not to do that one because they’re they trade remember 24 7 365.
i don’t want to go to sleep one night and i’m up here and wake up and i’m down here because what will happen is i’ll never ever sleep again and again from a psychological perspective i do not desire that i i attempt to find out quite a bit about the ones that i’m interested in or discover you know discover why i might be interested why they may have worth 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 lot of individuals who don’t comprehend a lot about crypto or or are truly against it stating saying i don’t understand 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 a lot of them can exist on their own much 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 economic network okay 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 work effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy man i love decentralized financing and part of the reason is since i have actually been in financing for so long and i understand where the ineffectiveness are and i know if we can take a few of those inefficiencies out of the system and we can use blockchain technology 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 innovation be actually effective running on dollars operating 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 fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to again in my opinion start to begin to swallow up the traditional financial system and i do not imply that whatever else is going to go away i mean my feeling is banks and the crypto that the protocols and everything are going to start interacting they’re going to start integrating together and that’s where you’re visiting a lot of this value so there’s a lot money in the conventional 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 ultimately it’s just going to be called the monetary system because it’s simply a it’s basically a database in a network you get educated and again once you get educated have a financial investment thesis here’s what i like to invest in 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 connect 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 boodle bag exclusive access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions make sure to take a look at the description for any promotional offers and to get more information about our incredible visitors i’ll see you in etoro us’s club Voyager Vs Etoro.