There’s all these new cryptos is constantly flooding in…Elior Abecsis Etoro… i suggest how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the very fundamentals here’s how bitcoin works and and we talk to a great deal of once again monetary advisors here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you understand transparency 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 some of them are literally just there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the price today that’s the only factor 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 guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and discover what it is and find out where it suitables for me um i you understand of course need to do a whole lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never ever become aware of that i get a big ego and i’m like how could i not have become aware of that but i have it and in some way it gets noted and there are probably tons of other people stating the same things about cryptos that i know a lot about since i i tend to look at a lot 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 ways 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 invest in what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to purchase some that are just simply purely you understand pumps like pump plans or something i know a lot of individuals earned money on shiba inu i know a great deal of people made money on dogecoin that’s fantastic 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 shouldn’t because there are a great deal of people that have done well i choose not to do that one because they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and wake up and i’m down here since what will happen is i’ll never sleep again and again from a psychological viewpoint i don’t desire that i i try to discover quite a bit about the ones that i have an interest in or learn you understand find out why i might be interested why they might 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 individuals who don’t comprehend a lot about crypto or or are truly 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 number of them can exist on their own a number 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 alright if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it requires to have its own currency to operate efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy guy i love decentralized financing and part of the reason is because i have actually remained in finance for so long and i know where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be terrific the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient operating 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 fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 once again in my opinion start to start to engulf the conventional financial system and i do not imply that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and whatever are going to begin collaborating they’re going to begin integrating together and that’s where you’re visiting a lot of this worth so there’s a lot money in the traditional finance system that’s going to make its way into what we currently call the crypto system or the
What’s bad about eToro? Elior Abecsis Etoro
Defi system and ultimately it’s simply going to be called the monetary system due to the fact that it’s simply a it’s basically a database in a network you get informed and once again when 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 relayed for etoro us club members our webinars let members straight communicate with our guests using a q a and anyone or you can sign up with 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 manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions be sure to check out the description for any advertising offers and to find out more about our amazing guests i’ll see you in etoro us’s club Elior Abecsis Etoro.