There’s all these new cryptos is constantly flooding in…Bitpanda Fees Vs Etoro… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the really fundamentals here’s how bitcoin works and and we speak with a great deal of again monetary advisors here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you comprehend 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 get into that you understand all these new tokens all these new cryptocurrencies a few of them are literally just there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering it which originates from education understanding and again going back to an investment thesis honestly and stating i’m not going to buy 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 study and discover what it is and find out where it fits for me um i you know obviously have to do a great deal of research i can’t keep up 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 have actually never ever even i can’t think i have actually never heard of that i get a big ego and i resemble how could i not have heard of that but i have it and in some way it gets listed and there are most likely lots of other people stating the exact same features of cryptos that i understand a lot about due to the fact that i i tend to take a look at a lot of defy things i tend to look a lot of those tokens so the the way i take a look at it is one there are a couple of methods one is i try to educate myself as much as possible and after that have a concept of what i like to find out about and like to buy what do i like to purchase do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to invest in some that are simply simply purely you know pumps like pump schemes or something i know a lot of people made money on shiba inu i know a great deal of people generated income on dogecoin that’s great to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they shouldn’t because there are a lot of people that have actually succeeded i choose not to do that one due to the fact that 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 because what will take place is i’ll never sleep again and again from a psychological perspective i do not desire that i i try to find out a fair bit about the ones that i’m interested in or learn you know find out why i might be interested why they might have worth and truthfully guy it simply takes a lot of education the other thing i’ll say about that real rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are really against it saying stating i don’t comprehend 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 lot of them can exist on their own a lot 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 economic network all right 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 effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy man i love decentralized finance and part of the factor is since i have actually remained in finance for so long and i know where the inadequacies are and i know if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be terrific 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 truly effective working 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 reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to again in my opinion start to begin to engulf the traditional monetary system and i don’t mean that whatever else is going to disappear i indicate my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to start incorporating together and that’s where you’re visiting a great deal of this value so there’s so much money in the traditional 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 monetary system since it’s simply a it’s essentially a database in a network you get informed and again once 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 specifically broadcast for etoro us club members our webinars let members straight 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 lot of advantages such as an etoro swag bag exclusive access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and unique invites to irl yes real life etoro occasions make sure to take a look at the description for any promotional offers and to find out more about our fantastic guests i’ll see you in etoro us’s club Bitpanda Fees Vs Etoro.