There’s all these new cryptos is continuously flooding in…Elias Goichman Etoro… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we talk to a lot of once again monetary advisors here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you begin to enter into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you understand all these new tokens all these brand-new cryptocurrencies a few of them are actually just there to try 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 factor you’re entering into it which comes from education understanding and again going back to a financial investment thesis truthfully 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 study and learn what it is and find out where it suitables for me um i you understand naturally need to do a great deal of research study 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 listed 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 huge ego and i resemble how might i not have become aware of that but i have it and somehow it gets noted and there are most likely lots of other individuals stating the same things about cryptos that i know a lot about due to the fact that 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 way i take a look at it is one there are a few methods one is i try to educate myself as much as possible and after that have an idea of what i like to learn about and like to invest in what do i like to invest in 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 do not like to purchase some that are simply just purely you understand pumps like pump schemes or something i understand a lot of people generated income on shiba inu i know a great deal of people made money 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 need to or they shouldn’t because there are a lot of individuals that have done well i select not to do that a person due to the fact that they’re they trade remember 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 because what will happen is i’ll never sleep again and again from a psychological perspective i do not want that i i try to learn quite a bit about the ones that i have an interest in or learn you know discover why i might be interested why they might have value and truthfully guy it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are actually against 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 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 needs to have his own it it needs to have its own currency to work efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a huge defy person 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 use blockchain innovation to do it that would be terrific the thing is the blockchain innovation 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 reality 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 go into them so i got to find out which one’s going to be the winner it is going to again in my opinion start to begin to swallow up the standard financial system and i don’t mean that whatever else is going to go away i imply my feeling is banks and the crypto that the procedures and everything are going to start interacting they’re going to begin incorporating together which’s where you’re visiting a lot 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
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Defi system and ultimately it’s simply going to be called the financial system because it’s just a it’s essentially a database in a network you get educated and once again when you get informed have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members straight communicate with our visitors using a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes reality etoro events make sure to take a look at the description for any marketing deals and to find out more about our incredible guests i’ll see you in etoro us’s club Elias Goichman Etoro.