There’s all these brand-new cryptos is constantly flooding in…Etoro Einzahlung Kreditkarte Oder √ºBerweisung… i indicate how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the very basics here’s how bitcoin works and and we talk to a great deal of once again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are actually just there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re entering it which comes from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to invest in anything just because 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 fits for me um i you understand of course need to do a great deal of research study 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 new one being listed on some exchange and i’m and i go i have actually never even i can’t think i have actually never become aware of that i get a big ego and i resemble how could i not have become aware of that but i have it and in some way it gets listed and there are probably tons of other people stating the very same things about cryptos that i know a lot about because 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 look at it is one there are a couple of methods one is i try to educate myself as much as possible and after that have a concept of what i like to discover and like to purchase what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to invest in some that are simply simply simply you know pumps like pump plans or something i understand a lot of people earned money on shiba inu i understand a lot of individuals made 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 ought to or they shouldn’t because there are a great deal of individuals that have actually succeeded i select not to do that a person because 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 since what will take place is i’ll never ever sleep again and again from a psychological viewpoint i don’t want that i i try to find out a fair bit about the ones that i’m interested in or learn you know discover why i might be interested why they might have value and honestly man it simply takes a great deal of education the other thing i’ll state about that genuine quickly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are truly versus it stating stating i don’t understand how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or many of them can exist on their own a number 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 economic network okay 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 work efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy man i love decentralized finance and part of the factor is because i’ve been in finance for so long and i know 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 great the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective 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 efficient so there is to me not quite reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to again in my opinion start to start to swallow up the standard monetary system and i don’t indicate that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to start integrating together and that’s where you’re visiting a good deal of this worth so there’s so much cash in the standard financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the monetary system because it’s simply a it’s essentially a database in a network you get educated and again once you get educated 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 exclusively transmitted 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 monthly webinars quarterly market reports and a dedicated account supervisor 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 marketing offers and to get more information about our remarkable visitors i’ll see you in etoro us’s club Etoro Einzahlung Kreditkarte Oder √ºBerweisung.