There’s all these brand-new cryptos is continuously flooding in…Etoro Conne… i mean how do you make 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 great deal of again monetary consultants here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin and that 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 brand-new tokens all these new cryptocurrencies some of them are actually simply there to try to where they have no functionality it’s simply we hope
that the cost tomorrow is higher than the rate today that’s the only reason you’re entering into it and that originates from education understanding and again returning to an investment thesis honestly and stating i’m not going to purchase anything even if i saw some man 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 discover where it fits for me um i you understand obviously need to do a great deal of research i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being noted on some exchange and i’m and i go i’ve never even i can’t think i have actually never ever heard of that i get a huge ego and i’m like how could i not have actually heard of that but i have it and in some way it gets noted and there are probably tons of other individuals stating the same things about cryptos that i know a lot about since i i tend to look at a lot of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and then have an idea of what i like to discover and like to buy 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 comprehending those i don’t like to invest in some that are just just simply you know pumps like pump schemes or something i understand a great deal of individuals generated income on shiba inu i know a lot of individuals earned money on dogecoin that’s excellent to hear i do not want to do that that that’s not me i pick not to and i’m not telling anybody they must or they should not because there are a great deal of individuals that have succeeded i choose not to do that one since they’re they trade keep in mind 24 7 365.
i do not wish to go to sleep one night and i’m up here and get up and i’m down here due to the fact that what will take place is i’ll never sleep again and again from an emotional 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 know learn why i might be interested why they may have value and truthfully male it simply takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually versus it saying saying i don’t understand 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 many 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 economic network okay 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 needs to have its own currency to work 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 man i love decentralized financing and part of the factor is since i have actually been in financing for so long and i understand 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 excellent the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective running 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 very much fact to the assertion that since there’s all these cryptocurrencies there’s a restricted 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 opinion start to start to engulf the standard monetary system and i don’t suggest that whatever else is going to disappear i mean my sensation is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to begin incorporating together and that’s where you’re going to see a good deal of this value so there’s so much money in the traditional finance system that’s going to make its way into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the financial system because it’s just a it’s essentially a database in a network you get educated and again as soon as 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 straight engage with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and unique invites to irl yes reality etoro occasions make sure to have a look at the description for any promotional offers and for more information about our fantastic visitors i’ll see you in etoro us’s club Etoro Conne.