There’s all these new cryptos is continuously flooding in…Etoro 200 Tage Linie… i indicate how do you do 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 find out the the extremely fundamentals here’s how bitcoin works and and we talk to a lot of once again monetary consultants here’s simply how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to get into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these brand-new cryptocurrencies some of them are actually just there to attempt to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering into it which originates from education understanding and again returning to a financial investment thesis honestly and saying i’m not going to buy 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 fits for me um i you understand obviously have to do a great deal of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never heard of that i get a huge ego and i’m like how could i not have heard of that however i have it and in some way it gets listed and there are probably tons of other people saying the very same aspects of cryptos that i understand 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 couple of ways one is i attempt to educate myself as much as possible and then have an idea of what i like to find out about and like to purchase what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to purchase some that are just simply simply you know pumps like pump plans or something i know a great deal of individuals generated income on shiba inu i know a lot of individuals earned money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i choose not to and i’m not telling anyone they should or they should not because there are a lot of people that have actually done well i choose not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t want 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 a psychological viewpoint i don’t 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 worth and honestly guy it just takes a lot of education the other thing i’ll say about that real quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are really against it saying saying i don’t 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 many of them can exist on their own much 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 a whole network there and it has to have his own it it needs to have its own currency to function effectively so it so if we feel and and look this this enters into a little bit of an opinion i’m a huge defy guy i love decentralized financing and part of the factor is since i have actually been in financing for so long and i understand where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be excellent the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be really effective working on dollars working 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 since there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter 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 start to swallow up the traditional financial system and i do not imply that everything else is going to disappear i mean my feeling is banks and the crypto that the procedures and everything are going to start interacting they’re going to begin integrating together which’s where you’re visiting a great deal of this value so there’s so much money in the traditional 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 eventually it’s simply going to be called the financial system since it’s simply a it’s essentially a database in a network you get informed and once again when you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members straight engage with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a devoted account manager 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 real life etoro occasions be sure to have a look at the description for any marketing offers and to learn more about our incredible guests i’ll see you in etoro us’s club Etoro 200 Tage Linie.