There’s all these new cryptos is continuously flooding in…Amine Raghib Etoro… i suggest how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you learn the the extremely basics here’s how bitcoin works and and we talk with a lot of again financial advisors here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you begin to enter what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you get into that you understand all these brand-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 rate tomorrow is higher than the cost today that’s the only reason you’re entering into it which 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 man 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 learn where it fits for me um i you understand of course need to do a lot of research i can’t stay up to date 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’ve never ever heard of that i get a huge ego and i resemble how might i not have actually become aware of that however i have it and somehow it gets noted and there are probably tons of other people stating the very same aspects of cryptos that i know a lot about since 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 try to educate myself as much as possible and then have a concept of what i like to discover and like to invest in what do i like to invest in do i like to purchase 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 simply just simply you know pumps like pump plans or something i know a great deal of individuals earned money on shiba inu i know a lot of people generated income on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anyone they need to or they shouldn’t because there are a lot of people that have succeeded i pick not to do that a person 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 get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from an emotional perspective i do not desire that i i attempt to discover quite a bit about the ones that i’m interested in or discover you understand learn why i might be interested why they might have worth and truthfully man it simply takes a lot of education the other thing i’ll say about that genuine rapidly is you hear a lot of people who do not understand a lot about crypto or or are actually versus it stating saying i do not understand how there can be all these cryptocurrencies one of them needs to win but that’s that’s not the case they are all they they can or many of them can exist on their own a lot 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 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 work effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy man i love decentralized financing and part of the reason is because i have actually been in finance for so long and i understand where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be great the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective 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 very much truth to the assertion that since there’s all these cryptocurrencies there’s a minimal 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 again in my opinion start to start to engulf the standard monetary system and i do not suggest that whatever else is going to go away i imply my feeling is banks and the crypto that the procedures and everything are going to begin working together they’re going to start incorporating together which’s where you’re visiting a great deal of this worth so there’s a lot cash in the conventional financing system that’s going to make its way into what we presently call the crypto system or the
What’s bad about eToro? Amine Raghib Etoro
Defi system and ultimately it’s just going to be called the monetary system because it’s simply a it’s essentially 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 purchase here’s what i do not this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly engage with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invitations to irl yes reality etoro occasions make sure to check out the description for any advertising deals and for more information about our fantastic guests i’ll see you in etoro us’s club Amine Raghib Etoro.