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There’s all these new cryptos is constantly flooding in…Etoro Enschieden Einzuschr√§Nken… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk to a lot of again monetary advisors here’s simply how bitcoin works and once you comprehend bitcoin you understand things like blockchain innovation you comprehend openness and immutability and all those things and after that you start to enter what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you enter that you know all these new tokens all these brand-new cryptocurrencies a few of them are literally just there to attempt to where they have no performance it’s simply we hope

that the price tomorrow is higher than the price today that’s the only factor you’re entering into it and that originates from education understanding and again returning to a financial investment thesis truthfully and saying i’m not going to invest in 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 study and learn what it is and discover where it fits for me um i you understand naturally 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 new one being noted on some exchange and i’m and i go i have actually never even i can’t believe i have actually never ever heard of that i get a big ego and i’m like how could i not have become aware of that but i have it and somehow it gets noted and there are most likely lots of other people stating the exact same features of cryptos that i know a lot about because i i tend to take a look at a lot of defy things 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 couple of ways one is i attempt to educate myself as much as possible and then have a concept of what i like to learn about and like to purchase what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to purchase some that are just just purely you know pumps like pump schemes or something i know a lot of people generated income on shiba inu i understand a great deal of people earned money on dogecoin that’s excellent 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 should or they should not because there are a great deal of people that have succeeded i select not to do that a person because they’re they trade keep in mind 24 7 365.

 

 

i don’t wish to go to bed one night and i’m up here and get up and i’m down here since what will occur is i’ll never ever sleep again and again from an emotional perspective i don’t desire that i i try to find out a fair bit about the ones that i’m interested in or learn you know find out why i might be interested why they may have worth and truthfully male it just takes a whole lot of education the other thing i’ll state about that real 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 don’t understand how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or much of them can exist on their own a lot 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 financial network all right 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 needs to have its own currency to operate efficiently so it so if we feel and and look this this enters a little bit of a viewpoint i’m a big defy man i love decentralized finance and part of the factor is since i have actually remained in financing for so long and i understand where the inadequacies are and i know if we can take a few of those inadequacies out of the system and we can use blockchain technology to do it that would be fantastic the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient operating on dollars running on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite fact to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to start to swallow up the traditional financial system and i don’t imply that everything else is going to disappear i suggest my sensation is banks and the crypto that the protocols and everything are going to start interacting they’re going to begin integrating together which’s where you’re visiting a lot of this value so there’s so much cash in the standard financing 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 simply going to be called the financial system due to the fact that it’s just a it’s basically 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 don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly engage with our guests using a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro occasions be sure to take a look at the description for any marketing offers and for more information about our amazing visitors i’ll see you in etoro us’s club Etoro Enschieden Einzuschr√§Nken.