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There’s all these new cryptos is constantly flooding in…Etoro Benutzername… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you find out the the really basics 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 when you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you begin to get into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies some of them are actually simply there to try to where they have no functionality 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 and that comes from education understanding and once again going back to an investment thesis honestly and stating i’m not going to buy 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 find out 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 brand-new one being noted on some exchange and i’m and i go i have actually never even i can’t believe i have actually never become aware of that i get a huge ego and i resemble how might i not have heard of that however i have it and somehow it gets noted and there are most likely lots of other individuals saying the same aspects of cryptos that i understand a lot about due to the fact that i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few ways one is i try to educate myself as much as possible and then have an idea of what i like to find out about and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to buy some that are just simply purely you know pumps like pump plans or something i understand a great deal of people generated income on shiba inu i know a lot of individuals made money on dogecoin that’s excellent to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anybody they should or they should not because there are a great deal of individuals that have actually done well i select not to do that a person since they’re they trade remember 24 7 365.

 

 

i do not want to go to sleep one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from a psychological perspective i do not desire that i i try to learn quite a bit about the ones that i have an interest in or learn you understand discover why i might be interested why they might have worth and truthfully male it just takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of people who don’t understand a lot about crypto or or are really versus it saying stating i don’t 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 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 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 into a little bit of a viewpoint i’m a huge defy guy i love decentralized financing and part of the reason is since i have actually remained in finance for so long and i understand where the inadequacies are and i understand if we can take a few of those ineffectiveness out of the system and we can use blockchain innovation 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 operating 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 quite truth to the assertion that because there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to go 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 start to swallow up the standard financial system and i do not suggest that whatever else is going to go away i suggest my sensation is banks and the crypto that the procedures and whatever are going to start working together they’re going to start incorporating together which’s where you’re visiting a great deal of this value so there’s so much cash in the conventional 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 simply going to be called the monetary system due to the fact that it’s just a it’s basically a database in a network you get educated and once again when you get educated have a financial investment thesis here’s what i like to invest in 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 communicate with our guests utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro events make sure to check out the description for any advertising deals and to get more information about our fantastic guests i’ll see you in etoro us’s club Etoro Benutzername.