There’s all these new cryptos is constantly flooding in…Coins.Ph To Etoro… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk with a lot of once again monetary advisors here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and then you start to get into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies a few of them are literally simply there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re getting into it and that 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 man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and find out what it is and discover where it fits for me um i you know obviously need to do a whole lot of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh weekly i see a new one being noted on some exchange and i’m and i go i have actually never even i can’t think i have actually never heard of that i get a big ego and i resemble how might i not have actually become aware 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 aspects of cryptos that i know a lot about since 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 look at it is one there are a couple of methods one is i try to inform myself as much as possible and after that have a concept of what i like to find out about and like to invest in what do i like to buy do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to invest in some that are simply simply simply you understand pumps like pump plans or something i know a lot of individuals generated income on shiba inu i know a lot of people generated income on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they must or they shouldn’t because there are a great deal of individuals that have actually succeeded i pick not to do that one since they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and wake up and i’m down here due to the fact that what will take place is i’ll never ever sleep again and again from a psychological viewpoint i don’t desire that i i try to learn quite a bit about the ones that i’m interested in or discover you know learn why i might be interested why they may have value and truthfully guy it simply takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are truly versus it stating saying 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 a lot 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 economic network fine 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 function effectively so it so if we feel and and look this this enters into a bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the factor is because i’ve remained in finance for so long and i know where the ineffectiveness are and i know if we can take some of those inefficiencies out of the system and we can use blockchain technology to do it that would be great the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective working on dollars running on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not quite reality to the assertion that because there’s all these cryptocurrencies there’s a limited 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 once again in my opinion start to begin to engulf the traditional financial system and i don’t mean that whatever else is going to disappear i imply my sensation is banks and the crypto that the protocols and whatever are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a lot of this worth so there’s a lot money in the conventional financing 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 ultimately it’s simply going to be called the financial system due to the fact that it’s simply a it’s essentially a database in a network you get informed and once again as soon as you get educated have an investment thesis here’s what i like to invest in 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 guests utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes reality etoro occasions make certain to check out the description for any advertising offers and to find out more about our amazing visitors i’ll see you in etoro us’s club Coins.Ph To Etoro.