There’s all these brand-new cryptos is continuously flooding in…Etoro Api Java… i indicate how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the really essentials here’s how bitcoin works and and we speak with a lot of again financial advisors here’s just how bitcoin works and once you comprehend bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and then you start to get into what is the 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 know all these new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no performance it’s simply we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering it which comes from education understanding and once again going back to an investment thesis truthfully and stating i’m not going to purchase anything just because i saw some dude pumping it on tick tock or i saw somebody 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 know naturally need to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never heard of that i get a big ego and i resemble how might i not have heard of that however i have it and somehow it gets noted and there are probably lots of other individuals saying the very same features of cryptos that i understand a lot about since i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the way i take a look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn about and like to invest in what do i like to purchase do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to buy some that are just just purely you know pumps like pump plans or something i understand a great deal of people generated income on shiba inu i know a great deal of individuals earned money 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 ought to or they should not because there are a great deal of people that have actually done well i choose not to do that a person since 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 wake up and i’m down here because what will occur is i’ll never sleep again and again from an emotional standpoint i don’t want that i i attempt to learn quite a bit about the ones that i have an interest in or discover you know learn why i might be interested why they might have worth and honestly man 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 do not understand a lot about crypto or or are really versus it saying stating i don’t comprehend 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 a number 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 okay if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it requires to have its own currency to operate efficiently so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy person i love decentralized finance and part of the reason is due to the fact that i’ve remained in finance for so long and i know where the inadequacies are and i know if we can take some 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 technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective running 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 quite reality to the assertion that since there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go 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 conventional monetary system and i don’t indicate that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin integrating together and that’s where you’re visiting a good deal of this value so there’s so much money in the conventional finance system that’s going to make its method into what we currently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the financial system since it’s simply a it’s basically a database in a network you get educated and once again once you get informed have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly interact with our visitors 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 swag bag exclusive access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes reality etoro occasions make certain to check out the description for any advertising offers and to get more information about our fantastic visitors i’ll see you in etoro us’s club Etoro Api Java.