There’s all these new cryptos is continuously flooding in…Analisi Tecnica Etoro Youtube… i imply how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the really essentials here’s how bitcoin works and and we speak to a great deal of again monetary advisors here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and then you start to enter what is the financial 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 performance it’s simply we hope
that the price tomorrow is higher than the cost today that’s the only factor you’re entering it which comes from education understanding and again going back to an investment thesis truthfully and stating 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 study and learn what it is and discover where it fits for me um i you understand obviously have to do a lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being listed on some exchange and i’m and i go i’ve never ever even i can’t think i’ve never become aware of that i get a huge ego and i’m like how could i not have actually heard of that but i have it and somehow it gets noted and there are probably lots of other people stating the very same aspects of cryptos that i understand a lot about due to the fact that i i tend to take a look at a great deal of defy things 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 methods one is i attempt to inform myself as much as possible and after that have a concept of what i like to learn about and like to invest in what do i like to buy do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to invest in some that are just just simply you know pumps like pump plans or something i understand a great deal of people earned money on shiba inu i understand a lot of individuals earned money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they should or they should not because there are a lot of individuals that have succeeded i pick not to do that a person due to the fact that they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and get up and i’m down here since what will occur is i’ll never ever sleep again and again from a psychological standpoint i don’t want that i i try to learn a fair bit about the ones that i have an interest in or learn you know learn why i might be interested why they might have worth and honestly man it just 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 truly against it stating stating i do not 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 a number 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 fine 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 requires to have its own currency to function effectively so it so if we feel and and look this this enters into a little bit of an opinion i’m a big defy guy i love decentralized finance and part of the reason is due to the fact that i’ve remained in financing for so long and i know where the ineffectiveness are and i understand if we can take some of those inefficiencies out of the system and we can use blockchain technology to do it that would be great the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective operating on dollars working 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 since there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to again in my opinion start to start to engulf the traditional monetary system and i do not mean that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols and everything are going to start interacting they’re going to start incorporating together which’s where you’re going to see a great deal of this value so there’s a lot money in the conventional 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 ultimately it’s simply going to be called the monetary system because it’s just a it’s essentially a database in a network you get informed and once again when you get educated have an 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 directly communicate with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of benefits 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 also get things like a subscription of the wall street journal delta pro and special invitations to irl yes real life etoro occasions make certain to take a look at the description for any promotional offers and to learn more about our fantastic visitors i’ll see you in etoro us’s club Analisi Tecnica Etoro Youtube.