There’s all these new cryptos is constantly flooding in…Etoro Andere W%E2%88%9A%C2%A7Hrung… i imply how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that honestly is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we talk with a great deal of once again financial advisors here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to enter into what is the financial 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 that you understand 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 rate tomorrow is higher than the rate today that’s the only reason you’re entering into it and that comes from education understanding and once again returning 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 somebody pumping it on twitter i’m going to do my research and learn what it is and learn where it suitables for me um i you know obviously need to do a lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly 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 believe i’ve never ever become aware of that i get a huge ego and i resemble how could i not have become aware of that however i have it and somehow it gets noted and there are most likely tons of other individuals stating the exact same things about cryptos that i understand a lot about because i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i take a look at it is one there are a couple of methods one is i try to inform myself as much as possible and then have an idea of what i like to learn about and like to buy 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 comprehending those i do not like to invest in some that are simply simply 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 people made money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they need to or they should not because there are a lot of individuals that have succeeded i choose not to do that one because they’re they trade remember 24 7 365.
i don’t want 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 happen is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i try to find out a fair bit about the ones that i have an interest in or learn you understand learn why i might be interested why they might have value and honestly guy it just takes a lot of education the other thing i’ll say about that genuine quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are really versus it stating stating i do not comprehend 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 much 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 financial 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 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 man i love decentralized finance and part of the reason is because i’ve remained in finance for so long and i know where the ineffectiveness are and i know if we can take some of those inadequacies out of the system and we can use blockchain innovation to do it that would be great 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 truly effective operating on dollars operating 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 very much reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal quantity 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 viewpoint start to start to swallow up the standard monetary system and i do not indicate that everything else is going to go away i imply my sensation is banks and the crypto that the protocols and everything are going to begin working together they’re going to start integrating together and that’s where you’re going to see a good deal of this value so there’s a lot money in the traditional financing system that’s going to make its method into what we presently call the crypto system or the
What’s bad about eToro? Etoro Andere W%E2%88%9A%C2%A7Hrung
Defi system and ultimately it’s just going to be called the financial system due to the fact that it’s simply a it’s essentially a database in a network you get educated and again as soon as 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 solely broadcast for etoro us club members our webinars let members directly communicate with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions make sure to take a look at the description for any advertising deals and to learn more about our fantastic guests i’ll see you in etoro us’s club Etoro Andere W%E2%88%9A%C2%A7Hrung.