There’s all these new cryptos is continuously flooding in…Etoro Cz… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you discover the the very essentials here’s how bitcoin works and and we speak with a lot of again financial consultants here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and after that you start to enter into 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 know all these new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re getting into it which comes from education understanding and again going back to a financial investment thesis truthfully and saying i’m not going to purchase 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 discover where it suitables for me um i you understand of course have to do a whole lot of research 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 brand-new one being listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever become aware of that i get a huge ego and i’m like how might i not have actually become aware of that however i have it and somehow it gets listed and there are probably tons of other individuals saying the exact same things about cryptos that i know a lot about due to the fact that 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 method i look at it is one there are a couple of methods one is i attempt to inform myself as much as possible and after that have an idea of what i like to find out about and like to buy what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to buy some that are simply simply purely you understand pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i know a great deal of individuals made money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people 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 bed one night and i’m up here and get up and i’m down here since what will take place is i’ll never ever sleep again and again from an emotional standpoint i do not want that i i try to discover a fair bit about the ones that i have an interest in or learn you understand learn why i might be interested why they may have value and honestly male it just takes a whole 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 truly versus it stating saying i don’t understand 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 much of them can exist on their own a number 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 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 needs to have its own currency to operate efficiently so it so if we feel and and look this this enters a 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 have actually been in financing for so long and i know where the ineffectiveness are and i understand if we can take some of those inadequacies out of the system and we can use blockchain innovation to do it that would be fantastic the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be truly effective working on dollars operating on us dollars over the banking system you have 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 limited quantity 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 begin to engulf the standard monetary system and i do not 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 incorporating together and that’s where you’re visiting a lot of this value so there’s so much money 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 eventually it’s just going to be called the monetary system since it’s simply a it’s basically a database in a network you get educated and again as soon as you get informed have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly engage with our guests using a q a and any person or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions make sure to have a look at the description for any marketing offers and for more information about our remarkable visitors i’ll see you in etoro us’s club Etoro Cz.