There’s all these new cryptos is constantly flooding in…Etoro App Linux… i imply how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you find out the the really essentials here’s how bitcoin works and and we talk to a lot of once again financial advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and after that you begin to enter into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you know all these new tokens all these brand-new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re getting into it and that originates from education understanding and again returning to a financial investment thesis truthfully and saying 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 discover what it is and learn 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 probably ten percent of the the tokens and cryptos that come out uh each 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 believe i’ve never ever heard of that i get a big ego and i’m like how might i not have become aware of that but i have it and in some way it gets listed and there are most likely tons of other individuals saying the very same things about cryptos that i know a lot about since i i tend to take a look at a lot 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 few ways one is i try to inform myself as much as possible and then have an idea of what i like to learn more about and like to purchase what do i like to purchase do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to purchase some that are just simply purely you understand pumps like pump plans or something i know a great deal of individuals generated income on shiba inu i understand a lot of people earned money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anyone they should or they shouldn’t because there are a lot of individuals that have actually succeeded i choose not to do that a person because they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here since what will happen is i’ll never sleep again and again from an emotional viewpoint i don’t desire that i i attempt to learn quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have worth and honestly man it simply takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually against it stating saying i don’t understand how there can be all these cryptocurrencies one of them needs to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own a lot 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 fine 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 enters a bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the factor is because i have actually been in financing for so long and i know where the inadequacies 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 fantastic the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient working on dollars running 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 reality to the assertion that since there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to begin to swallow up the standard monetary system and i do not indicate that whatever else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to start collaborating they’re going to start integrating together which’s where you’re going to see a great deal of this value so there’s a lot cash in the traditional financing 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 ultimately it’s simply going to be called the financial system since it’s just a it’s basically 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 buy here’s what i do not this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members directly engage with our guests using a q a and anyone or you can sign up with etoro club and u.s club members get a lot 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 greater tiers you can likewise get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro occasions make sure to have a look at the description for any marketing offers and to read more about our remarkable visitors i’ll see you in etoro us’s club Etoro App Linux.