There’s all these new cryptos is continuously flooding in…Cryptocurrency Trading Association… i imply how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that honestly is about education so you if you discover the the extremely essentials here’s how bitcoin works and and we speak with a lot of once again financial advisors here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and then you start 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 enter into that you know all these new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re entering it and that originates from education understanding and once again returning to an investment thesis truthfully and saying i’m not going to buy 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 find out what it is and find out where it suitables for me um i you understand obviously have to do a whole 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 noted on some exchange and i’m and i go i’ve never even i can’t think i have actually never ever become aware of that i get a big 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 probably tons of other people saying the exact same aspects of cryptos that i know a lot about because 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 take a look at it is one there are a few methods one is i attempt to inform 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 capital or liquidity protocol or something like that so understanding those i don’t like to purchase some that are just simply simply you understand pumps like pump schemes or something i know a lot of people generated income on shiba inu i understand a lot of people generated income on dogecoin that’s excellent to hear i don’t want 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 individuals that have done well i pick not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i do not wish to go to bed one night and i’m up here and awaken and i’m down here due to the fact that what will happen is i’ll never ever sleep again and again from an emotional viewpoint i do not desire that i i attempt to learn a fair bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have value and honestly male it just takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly against it stating stating i don’t 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 many of them can exist on their own a lot 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 economic network okay 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 function efficiently so it so if we feel and and look this this enters a 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’ve remained in financing for so long and i understand where the inadequacies 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 excellent the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be actually efficient 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 efficient so there is to me not quite truth to the assertion that since there’s all these cryptocurrencies there’s a restricted 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 engulf the conventional financial system and i do not suggest that whatever else is going to go away i mean my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to begin incorporating together and that’s where you’re going to see a lot of this worth so there’s a lot cash in the conventional finance 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 eventually it’s simply going to be called the financial system due to the fact that it’s just a it’s basically a database in a network you get informed and again when 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 transmitted for etoro us club members our webinars let members directly connect with our guests utilizing a q a and any person or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag special 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 exclusive invitations to irl yes real life etoro events make sure to check out the description for any marketing offers and to find out more about our incredible visitors i’ll see you in etoro us’s club Cryptocurrency Trading Association.