There’s all these brand-new cryptos is continuously flooding in…Coinbase Jobs Scrum Master… i imply how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you discover the the really fundamentals here’s how bitcoin works and and we talk to a great deal of once again monetary consultants here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies some of them are literally simply there to try to where they have no performance it’s simply we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering it which originates from education understanding and again returning to a financial investment thesis honestly and stating i’m not going to invest in anything even if i saw some guy 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 learn where it suitables for me um i you understand naturally need to do a whole lot of research study 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 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’m like how could i not have actually heard of that however i have it and somehow it gets noted and there are most likely lots of other individuals stating the very same aspects of cryptos that i understand a lot about due to the fact that i i tend to take a look at a great deal of defy things 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 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 comprehending those i do not like to invest in some that are just just purely you understand pumps like pump plans or something i understand a great deal of individuals generated income on shiba inu i know a great deal of individuals generated income on dogecoin that’s excellent 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 ought to or they should not because there are a great deal of people that have actually done well i select not to do that one due to the fact that they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here because what will occur is i’ll never sleep again and again from a psychological perspective i do not desire that i i attempt to find out quite a 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 honestly male it just takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are really versus it saying stating i do not understand 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 much 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 a whole network there and it needs to have his own it it requires to have its own currency to function efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is due to the fact that i’ve remained in financing for so long and i understand where the inadequacies 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 fantastic the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient working on dollars operating 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 due to the fact that there’s all these cryptocurrencies there’s a restricted 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 again in my opinion start to begin to engulf the traditional financial system and i do not suggest that whatever else is going to go away i indicate my sensation is banks and the crypto that the procedures and everything are going to begin working together they’re going to begin incorporating together which’s where you’re going to see a good deal of this worth so there’s so much money in the conventional 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 simply going to be called the financial system since it’s simply a it’s basically a database in a network you get educated and once again once you get informed have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight engage with our guests using a q a and any person 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 regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater 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 events make sure to have a look at the description for any advertising deals and to find out more about our fantastic guests i’ll see you in etoro us’s club Coinbase Jobs Scrum Master.