There’s all these brand-new cryptos is continuously flooding in…Bianance Fees Vs Etoro… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you discover the the very fundamentals here’s how bitcoin works and and we talk to a great deal of again financial advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies a few of them are literally just there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re entering it which comes from education understanding and again going back to a financial investment thesis truthfully 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 find out what it is and find out where it suitables for me um i you understand of course have to do a lot of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never ever heard of that i get a huge ego and i’m like how might i not have heard of that however i have it and somehow it gets listed and there are probably tons of other people stating the exact same aspects of cryptos that i understand a lot about due to the fact that i i tend to look at a great deal of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a couple of ways one is i try to educate myself as much as possible and after that have an idea of what i like to learn about and like to invest in what do i like to purchase do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to invest in some that are just simply simply you know pumps like pump plans or something i know a great deal of individuals earned money on shiba inu i understand a lot of individuals generated income on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i select not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people 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 an emotional standpoint i do not desire that i i try to find out a fair bit about the ones that i have an interest in or discover you understand learn why i might be interested why they may have worth and truthfully male it just takes a lot of education the other thing i’ll state about that real rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are truly against it stating stating i do not comprehend 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 number of them can exist on their own many 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 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 needs to have its own currency to function effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the factor is since i have actually remained in financing for so long and i know where the inefficiencies are and i understand if we can take some of those inefficiencies 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 effective without the currency that runs the network you can’t have the blockchain technology be truly effective operating on dollars running 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 reality 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 figure out which one’s going to be the winner it is going to once again in my opinion start to start to swallow up the traditional monetary system and i do not mean that whatever else is going to disappear i mean my sensation is banks and the crypto that the procedures and whatever are going to begin working together they’re going to begin incorporating together and that’s where you’re visiting a great deal of this worth 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 financial system because it’s just a it’s essentially a database in a network you get informed and again as soon as you get informed have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members straight engage with our visitors using a q a and anybody or you can join 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 devoted account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro occasions be sure to check out the description for any advertising offers and to read more about our remarkable guests i’ll see you in etoro us’s club Bianance Fees Vs Etoro.