There’s all these new cryptos is continuously flooding in…Clip Etoro U Kristian Nairn… i mean how do you make 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 find out the the extremely essentials here’s how bitcoin works and and we talk with a great deal of once again monetary consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain innovation you comprehend 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 understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are actually simply there to attempt to where they have no performance it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering into it and that comes from education understanding and once again going back to an investment thesis truthfully and stating i’m not going to purchase 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 find out where it fits for me um i you understand of course have to do a lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever heard of that i get a big ego and i’m like how could i not have actually become aware of that but i have it and somehow it gets noted and there are probably tons of other individuals stating the same aspects of cryptos that i understand a lot about since i i tend to take a look at a great deal of defy things i tend to look a lot of those tokens so the the way i look at it is one there are a few ways one is i attempt to inform myself as much as possible and then have a concept of what i like to learn about and like to purchase what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i do not like to purchase some that are just simply purely you understand pumps like pump plans or something i understand a great deal of people made money on shiba inu i know a lot of people made money on dogecoin that’s terrific to hear i don’t wish 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 great deal of individuals that have succeeded i choose not to do that one since they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and awaken and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional perspective i do not want that i i attempt to discover a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they may have value and truthfully male it simply takes a lot of education the other thing i’ll state about that real quickly is you hear a lot of people who do not understand a lot about crypto or or are actually versus it stating stating i do not understand 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 much of them can exist on their own many 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 financial network alright 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 needs to have its own currency to work effectively so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy person 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 use blockchain innovation to do it that would be terrific the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient running 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 quite truth to the assertion that because there’s all these cryptocurrencies there’s a restricted 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 again in my opinion start to begin to engulf the traditional financial system and i don’t imply that everything else is going to disappear i indicate my sensation is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to start incorporating together which’s where you’re visiting a great deal of this worth so there’s a lot money in the standard financing system that’s going to make its method into what we presently call the crypto system or the
What’s bad about eToro? Clip Etoro U Kristian Nairn
Defi system and ultimately it’s simply going to be called the monetary system because it’s simply a it’s essentially a database in a network you get educated and again as soon as you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and any person or you can sign up with 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 higher tiers you can also get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro occasions make sure to have a look at the description for any marketing offers and to learn more about our fantastic guests i’ll see you in etoro us’s club Clip Etoro U Kristian Nairn.