There’s all these brand-new cryptos is constantly flooding in…Etoro 100X Leverage… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully 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 again financial consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and then you begin to enter 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 into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re getting into it and that comes from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw someone 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 of course have to do a lot of research i can’t keep up 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 even i can’t believe i have actually never heard of that i get a big ego and i’m like how could i not have actually become aware of that but i have it and in some way it gets listed and there are probably tons of other individuals stating the same things about cryptos that i understand a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i look at it is one there are a few ways one is i try to educate myself as much as possible and after that have a concept of what i like to find out about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to buy some that are just simply purely you understand pumps like pump plans or something i understand a lot of people generated income on shiba inu i understand a great deal of individuals made money on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose 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 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 get up and i’m down here because what will occur is i’ll never ever sleep again and again from an emotional standpoint i don’t desire that i i try to find out quite a bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have worth and truthfully male it simply takes a great deal of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who do not understand 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 has 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 many 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 financial network fine 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 operate effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a big defy man i love decentralized financing and part of the factor is due to the fact that i have actually remained in finance for so long and i know where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can utilize blockchain technology 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 innovation be truly 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 very much fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 opinion start to begin to swallow up the conventional financial system and i do not mean that everything else is going to disappear i mean my feeling is banks and the crypto that the procedures and everything are going to begin interacting they’re going to begin integrating together and that’s where you’re visiting a good deal of this value so there’s a lot money in the traditional finance system that’s going to make its way into what we presently call the crypto system or the
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Defi system and eventually it’s just going to be called the financial system since it’s just a it’s essentially a database in a network you get informed and again when you get educated have a financial investment thesis here’s what i like to buy 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 communicate with our guests utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag special access to our month-to-month webinars quarterly market reports and a dedicated 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 invites to irl yes reality etoro events make certain to take a look at the description for any promotional offers and to read more about our fantastic guests i’ll see you in etoro us’s club Etoro 100X Leverage.