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There’s all these new cryptos is continuously flooding in…100 Geb√ºHren Etoro… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the really fundamentals here’s how bitcoin works and and we speak with a lot of once again financial advisors here’s simply how bitcoin works and when you understand bitcoin you comprehend things like blockchain innovation you comprehend transparency and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s just we hope

that the price tomorrow is higher than the price today that’s the only reason you’re getting into it which originates from education understanding and once again returning 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 learn what it is and discover where it fits for me um i you understand naturally have to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being noted on some exchange and i’m and i go i have actually never even i can’t think i have actually never ever become aware of that i get a huge ego and i resemble how could i not have actually heard of that however i have it and somehow it gets noted and there are most likely lots of other people saying the same things about cryptos that i understand a lot about because 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 take a look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and after that have an idea of what i like to discover and like to invest in what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to purchase some that are just just purely you know pumps like pump plans or something i understand a lot of individuals generated income on shiba inu i understand a great deal of people generated income on dogecoin that’s excellent to hear i don’t 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 succeeded i select not to do that one since 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 since what will take place is i’ll never ever sleep again and again from a psychological standpoint i do not desire that i i attempt to discover quite a bit about the ones that i’m interested in or discover you know find out why i might be interested why they may have value and truthfully man it simply takes a lot of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually against it saying saying i do not comprehend 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 specific 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 alright 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 gets into a bit of a viewpoint i’m a big defy person i love decentralized finance and part of the reason is due to the fact that i’ve been in finance for so long and i understand where the inefficiencies are and i know if we can take some of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be fantastic the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be truly efficient operating on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to enter 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 conventional monetary system and i don’t imply 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 start integrating together and that’s where you’re visiting a lot of this worth so there’s a lot money in the traditional finance 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 simply going to be called the monetary system since it’s simply a it’s essentially a database in a network you get informed and again when you get informed have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight communicate with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make sure to check out the description for any marketing deals and to learn more about our amazing guests i’ll see you in etoro us’s club 100 Geb√ºHren Etoro.