There’s all these new cryptos is continuously flooding in…Etoro Danmark… i suggest 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 discover the the very essentials here’s how bitcoin works and and we talk with a great deal of once again financial consultants here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you begin to get into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are literally simply there to attempt to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering into it and that comes from education understanding and once again returning to an investment thesis honestly and stating i’m not going to buy anything just because i saw some dude 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 find out where it fits for me um i you understand obviously have to do a great deal of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i’ve never ever become aware of that i get a huge ego and i resemble how might i not have heard of that but i have it and in some way it gets noted and there are most likely lots of other people stating 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 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 after that have a concept of what i like to learn more about and like to purchase what do i like to invest in do i like to buy the ones that have some sort of capital or liquidity protocol 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 lot of people generated income on shiba inu i understand a great deal of individuals earned money on dogecoin that’s terrific 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 should or they shouldn’t because there are a lot of people that have actually succeeded i pick not to do that one due to the fact that they’re they trade remember 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 happen is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i attempt to discover quite a bit about the ones that i’m interested in or discover you understand discover why i might be interested why they might have value and truthfully man it just takes a lot of education the other thing i’ll say about that real rapidly is you hear a lot of people who don’t comprehend a lot about crypto or or are really against it saying stating i do not understand how there can be all these cryptocurrencies one of them needs 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 much 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 all right if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it requires 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 guy i love decentralized financing and part of the factor is due to the fact that i’ve been in finance for so long and i understand where the inefficiencies are and i know if we can take some of those inefficiencies out of the system and we can use blockchain technology 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 truly efficient running on dollars working 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 due to the fact that there’s all these cryptocurrencies there’s a limited 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 viewpoint start to start to engulf the conventional financial system and i don’t imply that whatever else is going to go away i suggest my sensation is banks and the crypto that the protocols and everything are going to begin interacting they’re going to begin integrating together and that’s where you’re going to see a lot of this value so there’s so much money in the standard 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 eventually it’s just going to be called the monetary system due to the fact that it’s simply a it’s basically a database in a network you get educated and again once you get informed have an investment thesis here’s what i like to invest in 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 connect with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our monthly 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 special invites to irl yes real life etoro occasions make sure to check out the description for any promotional deals and to get more information about our fantastic guests i’ll see you in etoro us’s club Etoro Danmark.