There’s all these brand-new cryptos is continuously flooding in…Etoro Abend Hamburg… i mean 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 very essentials here’s how bitcoin works and and we speak to a lot of once again financial consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain innovation you understand openness 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 understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are actually simply there to attempt to where they have no performance it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering into it and that originates from education understanding and once again returning to an 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 and find out what it is and learn where it suitables for me um i you know naturally need to do a lot of research i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t think i’ve never ever become aware of that i get a huge ego and i resemble how could i not have actually become aware of that however i have it and somehow it gets listed and there are probably lots of other people saying the exact same features of cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the way i 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 a concept of what i like to learn about and like to buy what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to buy some that are just just simply you know pumps like pump plans or something i understand a great deal of individuals made money on shiba inu i understand a great deal of individuals generated income on dogecoin that’s great to hear i do not wish to do that that that’s not me i choose 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 choose not to do that a person because they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and awaken and i’m down here due to the fact that what will take place 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 understand find out why i might be interested why they might have value and honestly guy it simply takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who don’t comprehend a lot about crypto or or are actually against it saying stating i don’t understand how there can be all these cryptocurrencies one of 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 example is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states economic network okay 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 enters into a little bit of an opinion i’m a huge defy man i love decentralized financing and part of the reason is because i’ve been in finance for so long and i understand where the ineffectiveness are and i know if we can take a few of those ineffectiveness out of the system and we can use 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 technology be really effective running on dollars running on us dollars over the banking system you have 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 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 viewpoint start to begin to engulf the conventional financial system and i don’t mean that whatever else is going to disappear i suggest my sensation 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 going to see a good deal of this worth so there’s so much money in the standard finance system that’s going to make its way into what we currently call the crypto system or the
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Defi system and eventually it’s simply going to be called the monetary system since it’s simply a it’s essentially a database in a network you get informed and again when 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 solely broadcast for etoro us club members our webinars let members directly communicate with our guests using a q a and any person or you can sign up with etoro club and u.s club members get a bunch of advantages such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro events make sure to check out the description for any marketing offers and to learn more about our amazing visitors i’ll see you in etoro us’s club Etoro Abend Hamburg.