There’s all these new cryptos is constantly flooding in…A Etoro √© Regulamentada… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the really fundamentals here’s how bitcoin works and and we talk with a great deal of again monetary consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you begin to enter 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 new cryptocurrencies some of them are actually simply there to try to where they have no functionality 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 returning to an investment thesis truthfully and stating i’m not going to purchase 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 learn what it is and find out where it suitables for me um i you know 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 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 big ego and i’m like how could i not have actually 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 very same features of cryptos that i understand a lot about because 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 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 then have a concept of what i like to learn about and like to invest in 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 invest in some that are simply just simply you know pumps like pump plans or something i understand a great deal of individuals made money on shiba inu i understand a lot of people earned money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anyone they ought to or they should not because there are a lot of individuals that have actually done well i select not to do that one due to the fact that they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and awaken and i’m down here since what will occur is i’ll never ever sleep again and again from a psychological viewpoint i don’t desire that i i try to learn a fair bit about the ones that i have an interest in or learn you understand discover why i might be interested why they may have value and honestly male it simply takes a whole lot of education the other thing i’ll state about that real quickly is you hear a great deal of people who don’t comprehend a lot about crypto or or are truly against it stating stating i don’t comprehend how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or much of them can exist on their own many 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 financial network okay if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it needs to have its own currency to operate efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a huge defy person i love decentralized financing and part of the reason is since i’ve been in finance for so long and i know where the ineffectiveness are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be great the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars running 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 limited amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to once 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 everything are going to begin interacting they’re going to begin integrating together and that’s where you’re visiting a lot of this worth so there’s so much cash in the standard finance 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 eventually it’s simply going to be called the financial system because it’s just a it’s basically a database in a network you get educated and again once you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly engage with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription 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 advertising deals and to read more about our remarkable guests i’ll see you in etoro us’s club A Etoro √© Regulamentada.