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There’s all these new cryptos is continuously flooding in…Etoro Api C… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the really basics here’s how bitcoin works and and we talk to a great deal of again financial consultants here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and then you begin to enter into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you know all these new tokens all these brand-new cryptocurrencies a few of them are actually simply there to try to where they have no performance it’s just we hope

that the rate tomorrow is higher than the price today that’s the only reason you’re entering into it which originates from education understanding and once again returning to an investment thesis honestly and saying i’m not going to purchase 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 and find out what it is and find out where it fits for me um i you know obviously have to do a whole lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never become aware of that i get a big ego and i resemble how might i not have actually heard of that but i have it and somehow it gets listed and there are most likely lots of other people stating the exact same things about 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 method i look at it is one there are a few methods one is i try to inform myself as much as possible and then have an idea of what i like to discover and like to invest in what do i like to buy do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to buy some that are just just simply you know pumps like pump schemes or something i understand a lot of individuals generated income on shiba inu i understand a great deal of people earned money on dogecoin that’s great to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anybody they need to or they shouldn’t because there are a great deal of individuals that have actually done well i select not to do that a person because they’re they trade remember 24 7 365.

 

 

i don’t want to go to sleep one night and i’m up here and awaken and i’m down here because what will take place is i’ll never ever sleep again and again from a psychological perspective i do not desire that i i try to find out a fair bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have value and truthfully man it just takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of individuals who do not understand a lot about crypto or or are truly against it stating saying 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 a number of them can exist on their own a lot 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 financial network alright if eth is the currency of the ethereum network so there’s a whole network there and it needs to have his own it it requires to have its own currency to function effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy guy i love decentralized financing and part of the factor is because i have actually been in finance for so long and i understand where the inadequacies are and i know if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be excellent the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be truly efficient 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 effective so there is to me not very much fact to the assertion that since there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to enter into them so i got to determine which one’s going to be the winner it is going to again in my viewpoint start to begin to swallow up the conventional monetary system and i don’t indicate that everything else is going to disappear i indicate my feeling is banks and the crypto that the procedures and whatever are going to start working together they’re going to begin incorporating together which’s where you’re going to see a good deal of this worth so there’s so much cash 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 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 educated 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 exclusively transmitted for etoro us club members our webinars let members straight connect with our visitors using 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 swag bag special access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions make sure to have a look at the description for any advertising deals and for more information about our remarkable visitors i’ll see you in etoro us’s club Etoro Api C.