There’s all these brand-new cryptos is constantly flooding in…Etoro Avatar… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the extremely fundamentals here’s how bitcoin works and and we speak to a lot of again financial consultants here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain innovation you understand openness and immutability and all those things and after that you begin to enter what is the 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 new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re getting into it which originates from education understanding and once again returning to a financial investment thesis honestly and saying i’m not going to invest in anything even if i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and discover what it is and find out where it suitables for me um i you know of course 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 listed on some exchange and i’m and i go i’ve never even i can’t think i have actually never become aware of that i get a big ego and i’m like how might 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 saying the same things about cryptos that i know a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a couple of ways one is i try to inform myself as much as possible and after that have a concept of what i like to discover and like to invest in what do i like to buy do i like to buy 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 simply just purely you understand pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i know a lot of people generated income on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they need to or they should not because there are a lot of individuals that have done well i select not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i don’t wish 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 occur is i’ll never ever sleep again and again from a psychological perspective i don’t want that i i attempt to find out quite a bit about the ones that i’m interested in or learn you understand find out why i might be interested why they might have worth and truthfully guy it simply takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually against it stating stating i don’t comprehend how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or a number of them can exist on their own many of them are a currency that is for a particular 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 alright if eth is the currency of the ethereum network so there’s an entire network there and it needs 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 gets into a little bit of an opinion i’m a huge defy person i love decentralized financing and part of the reason is since i’ve remained in financing for so long and i know where the inefficiencies are and i understand 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 innovation be actually 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 effective so there is to me not quite fact to the assertion that since there’s all these cryptocurrencies there’s a limited 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 once again in my opinion start to begin to engulf the traditional financial system and i don’t suggest 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 working together they’re going to begin integrating together and that’s where you’re going to see a good deal of this worth so there’s so much cash in the standard 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 just going to be called the financial system since it’s simply a it’s basically a database in a network you get educated and again once you get educated have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly engage with our guests using a q a and anyone 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 month-to-month webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro occasions be sure to take a look at the description for any marketing deals and to get more information about our remarkable guests i’ll see you in etoro us’s club Etoro Avatar.