There’s all these new cryptos is continuously flooding in…Cesare Pavoncello Etoro… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the very essentials here’s how bitcoin works and and we speak with a great deal of once again monetary advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to enter into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually just there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering into it which originates from education understanding and again going back to an investment thesis honestly and stating i’m not going to invest in 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 suitables for me um i you know naturally need to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t think i’ve never become aware of that i get a huge ego and i resemble how might i not have actually heard of that however i have it and in some way it gets noted and there are most likely tons of other people saying the same things about cryptos that i understand a lot about because i i tend to look at a great deal 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 few ways one is i attempt to educate myself as much as possible and then 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 cash flow or liquidity procedure or something like that so comprehending those i do not like to purchase some that are just just purely you know pumps like pump schemes or something i understand a great deal of people 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 pick not to and i’m not telling anybody they should or they shouldn’t because there are a lot of people that have succeeded i pick not to do that a person since they’re they trade keep in mind 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 due to the fact that what will occur is i’ll never ever sleep again and again from a psychological viewpoint i don’t want that i i attempt to discover quite a bit about the ones that i have an interest in or learn you know discover why i might be interested why they might have value and honestly man it simply takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of individuals who don’t understand a lot about crypto or or are truly against it saying stating i don’t comprehend how there can be all these cryptocurrencies one of them needs to win however 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 instance is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states financial network okay if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 big defy guy i love decentralized finance and part of the reason is because i have actually been in finance for so long and i know where the inefficiencies are and i know if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be terrific 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 working on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not very much reality to the assertion that because there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to once again in my viewpoint start to start to swallow up the traditional monetary system and i don’t suggest that everything else is going to go away i suggest my sensation is banks and the crypto that the protocols and whatever are going to begin interacting they’re going to start integrating together and that’s where you’re going to see a great deal of this value 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
What’s bad about eToro? Cesare Pavoncello Etoro
Defi system and eventually it’s just 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 as soon as you get informed have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight interact with our visitors utilizing a q a and any person or you can join etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag unique access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and special invitations to irl yes reality etoro events make certain to check out the description for any advertising offers and to read more about our amazing visitors i’ll see you in etoro us’s club Cesare Pavoncello Etoro.