There’s all these new cryptos is continuously flooding in…Can You Drip On Etoro… i suggest how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you learn the the really fundamentals here’s how bitcoin works and and we talk with a lot of once again monetary advisors here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you begin to enter into what is the 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 simply there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only reason you’re getting into it which comes from education understanding and again returning to an investment thesis honestly and stating i’m not going to invest in anything even if i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and learn where it suitables for me um i you know obviously need 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 brand-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 become aware of that i get a big ego and i resemble how could i not have actually heard of that but i have it and somehow it gets listed and there are probably tons of other individuals 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 lot of defy stuff i tend to look a great deal of those tokens so the the way i 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 an idea of what i like to learn about and like to invest in what do i like to purchase do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to invest in some that are simply simply purely you understand pumps like pump schemes or something i know a lot of people made money on shiba inu i understand a lot of people made money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i select not to and i’m not telling anybody they need to or they should not because there are a great deal of people that have succeeded i choose not to do that a person since they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and wake up and i’m down here because what will occur is i’ll never ever sleep again and again from a psychological standpoint i do not desire that i i try to learn quite a bit about the ones that i have an interest in or discover you know find out why i might be interested why they might have worth and truthfully male it just takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a lot of people who don’t comprehend a lot about crypto or or are actually against it stating stating i do not 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 lot 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 all right 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 operate effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy person i love decentralized finance and part of the factor is since i have actually been 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 utilize blockchain technology to do it that would be great the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient operating on dollars running on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite truth to the assertion that because there’s all these cryptocurrencies there’s a limited quantity 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 viewpoint start to start to swallow up the standard financial system and i do not suggest that everything else is going to go away i imply my feeling is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to begin incorporating together and that’s where you’re visiting a good deal of this value so there’s a lot cash in the traditional finance system that’s going to make its way into what we presently call the crypto system or the
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Defi system and eventually it’s just going to be called the monetary system since it’s just a it’s essentially a database in a network you get educated and once again when you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly 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 devoted account supervisor if you join our higher 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 be sure to take a look at the description for any marketing offers and to get more information about our incredible guests i’ll see you in etoro us’s club Can You Drip On Etoro.