There’s all these brand-new cryptos is constantly flooding in…Etoro Employee Benefits… i suggest how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you discover the the very fundamentals here’s how bitcoin works and and we talk with a lot of once again monetary advisors here’s simply how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain innovation you understand transparency and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you understand all these new tokens all these new cryptocurrencies some of them are actually simply there to attempt to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re entering it and that originates from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to purchase 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 find out what it is and discover where it fits for me um i you know obviously need 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 weekly i see a new one being noted 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 big ego and i’m like how might i not have become aware of that however i have it and somehow it gets listed and there are most likely lots of other individuals stating the same things about cryptos that i know a lot about due to the fact that i i tend to take a look at a lot 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 few ways one is i attempt to educate myself as much as possible and after that have an idea of what i like to discover and like to invest in 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 purchase some that are just simply purely you know pumps like pump schemes or something i know a lot of people made money on shiba inu i know a great deal of people made money on dogecoin that’s great 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 lot of people that have done well i pick not to do that one since they’re they trade keep in mind 24 7 365.
i don’t wish to go to sleep one night and i’m up here and awaken and i’m down here because what will take place is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i attempt to find out quite a bit about the ones that i have an interest in or learn you know learn why i might be interested why they might have worth and honestly man it simply takes a whole lot of education the other thing i’ll say about that genuine quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are truly versus it stating stating i do not understand how there can be all these cryptocurrencies among them needs 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 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 alright if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it requires to have its own currency to work effectively 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 because i have actually remained in finance for so long and i know where the inefficiencies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain technology to do it that would be terrific the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient operating 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 restricted amount 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 begin to engulf the traditional financial system and i don’t suggest that everything else is going to disappear i indicate my sensation is banks and the crypto that the protocols and everything are going to start working together they’re going to start integrating together and that’s where you’re visiting a great deal of this value so there’s a lot cash in the conventional financing system that’s going to make its method into what we currently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system since it’s just a it’s basically a database in a network you get educated and once again as soon as you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight engage with our visitors 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 special 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 membership of the wall street journal delta pro and unique invitations to irl yes reality etoro events make certain to have a look at the description for any marketing offers and for more information about our incredible guests i’ll see you in etoro us’s club Etoro Employee Benefits.