There’s all these brand-new cryptos is continuously flooding in…Does Etoro Support Quicken Direct Connect… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we speak with a lot of again monetary consultants here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and after that you start to enter into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you know all these new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the price today that’s the only reason you’re entering into it which comes from education understanding and once again going back to an investment thesis truthfully and saying i’m not going to purchase 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 fits for me um i you understand obviously have 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 brand-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 ever heard of that i get a big ego and i resemble how could i not have actually heard of that however i have it and in some way it gets noted and there are probably lots of other individuals stating the same things about cryptos that i know a lot about because i i tend to look at a great deal of defy things i tend to look a great deal of those tokens so the the method i look at it is one there are a few methods one is i attempt to educate myself as much as possible and then have an idea of what i like to discover 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 protocol or something like that so comprehending those i don’t like to purchase some that are simply just simply you understand pumps like pump schemes or something i know a great deal of individuals earned money on shiba inu i know a lot of individuals made money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i select not to and i’m not telling anyone they need to or they should not because there are a great deal of individuals that have actually succeeded i pick not to do that one because they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here since what will take place is i’ll never ever sleep again and again from an emotional standpoint i do not want that i i attempt to find out a fair bit about the ones that i’m interested in or discover you know find out why i might be interested why they might have value and truthfully man it just takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a great deal of individuals who don’t understand a lot about crypto or or are actually against it stating stating i do not comprehend how there can be all these cryptocurrencies among them has 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 number 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 economic 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 function effectively so it so if we feel and and look this this enters a little bit of a viewpoint 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 a few of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be actually 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 efficient so there is to me not very much truth to the assertion that because there’s all these cryptocurrencies there’s a minimal quantity 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 viewpoint start to begin to engulf the conventional financial system and i do not mean that whatever else is going to go away i suggest my sensation is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin integrating together and that’s where you’re going to see a great deal of this worth so there’s so much cash in the standard 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 ultimately it’s just going to be called the monetary system since it’s just a it’s essentially a database in a network you get informed and once again once you get informed have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members straight engage with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro events make sure to check out the description for any marketing offers and to find out more about our amazing visitors i’ll see you in etoro us’s club Does Etoro Support Quicken Direct Connect.