There’s all these new cryptos is constantly flooding in…Bitpanda Auszahlungsmaximum… i suggest 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 learn the the very essentials here’s how bitcoin works and and we speak with a lot of once again financial advisors here’s simply how bitcoin works and as soon as 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 which is 80 of the game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter that you understand all these new tokens all these brand-new cryptocurrencies a few of them are actually simply there to attempt to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re entering into it and that originates from education understanding and once again going back to an investment thesis honestly and stating i’m not going to invest in anything just because 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 discover where it suitables for me um i you understand obviously have to do a whole lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being listed on some exchange and i’m and i go i have actually never even i can’t believe 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 tons of other people saying the same things about cryptos that i know a lot about because i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a few methods one is i attempt to inform myself as much as possible and then have an idea of what i like to discover and like to buy what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to invest in some that are just simply simply you understand pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i understand a great deal of people earned money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i select not to and i’m not telling anybody they should or they should not because there are a lot of people that have actually done well i choose not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t wish to go to sleep one night and i’m up here and get up and i’m down here since what will happen is i’ll never sleep again and again from a psychological viewpoint i do not want that i i attempt to find out a fair bit about the ones that i have an interest in or discover you understand find out why i might be interested why they may have value and honestly guy it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of individuals who do not understand a lot about crypto or or are actually versus it saying saying i don’t understand 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 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 financial network fine 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 function efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the reason is due to the fact that i have actually been in finance for so long and i understand where the inefficiencies are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be excellent the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be really efficient 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 effective so there is to me not very much fact to the assertion that because there’s all these cryptocurrencies there’s a limited quantity 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 begin to engulf the standard monetary system and i do not mean that whatever else is going to disappear i imply my sensation is banks and the crypto that the procedures and whatever are going to begin working together they’re going to start integrating together which’s where you’re going to see 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 eventually it’s just going to be called the financial system since it’s simply a it’s basically a database in a network you get educated and again as soon as you get educated 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 exclusively relayed for etoro us club members our webinars let members directly communicate with our visitors using a q a and anyone or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle 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 membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro events be sure to check out the description for any advertising offers and for more information about our incredible visitors i’ll see you in etoro us’s club Bitpanda Auszahlungsmaximum.