There’s all these new cryptos is continuously flooding in…Ethereum Etoro Paypal… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the extremely 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 understand bitcoin you comprehend things like blockchain innovation you understand transparency and immutability and all those things and after that you begin to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies some of them are actually just there to attempt to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only reason you’re entering it and that comes from education understanding and once again going back to an investment thesis truthfully and stating i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and learn where it suitables for me um i you know obviously have to do a great deal of research study i can’t keep up with most likely 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 believe i’ve never heard of that i get a huge ego and i’m like how might i not have actually heard of that but i have it and in some way it gets noted and there are most likely lots of other individuals stating the 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 great deal of those tokens so the the way i look at it is one there are a few methods one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn more about and like to buy 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 understanding those i do not like to purchase some that are just just purely you understand pumps like pump schemes or something i understand a lot of individuals earned money on shiba inu i understand a lot of people made money on dogecoin that’s great to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anybody they should or they shouldn’t because there are a great deal of people that have done well i select not to do that a person 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 wake up and i’m down here due to the fact that what will take place is i’ll never sleep again and again from an emotional viewpoint i don’t desire that i i try to discover quite a bit about the ones that i have an interest in or discover you understand find out why i might be interested why they may have worth and truthfully male it just takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are truly against it saying stating i do not understand how there can be all these cryptocurrencies among 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 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 alright if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it requires 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 guy i love decentralized finance and part of the reason is because i’ve been 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 utilize blockchain technology to do it that would be excellent the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective running 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 since 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 swallow up the traditional monetary system and i don’t mean that everything else is going to go away i imply my sensation is banks and the crypto that the protocols and whatever are going to begin working together they’re going to start integrating together which’s where you’re going to see a great deal of this value so there’s so much cash 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 just going to be called the monetary system because it’s just a it’s basically a database in a network you get informed and once again as soon as you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a devoted account manager 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 reality etoro events make sure to check out the description for any promotional deals and to read more about our fantastic visitors i’ll see you in etoro us’s club Ethereum Etoro Paypal.