There’s all these new cryptos is constantly flooding in…Etoro Espa√±Ol… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the really fundamentals here’s how bitcoin works and and we speak to a great deal of once again financial advisors here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and then 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 get into that you know all these new tokens all these brand-new cryptocurrencies a few 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 cost today that’s the only factor you’re entering into it and that originates from education understanding and again returning to an investment thesis truthfully 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 study and discover what it is and learn where it suitables for me um i you understand of course have to do a lot 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 brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t think i’ve never ever become aware of that i get a huge ego and i’m like how could i not have actually become aware of that but i have it and in some way it gets listed and there are most likely lots of other individuals saying the very same aspects of cryptos that i know a lot about because i i tend to look at a lot of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a couple of methods one is i attempt to inform myself as much as possible and then have a concept of what i like to learn more about and like to invest in what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding 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 people generated income on shiba inu i know a great deal of individuals generated income on dogecoin that’s excellent to hear i do not want 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 choose not to do that a person because they’re they trade remember 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 take place is i’ll never sleep again and again from a psychological standpoint i do not desire that i i try to learn a fair bit about the ones that i’m interested in or learn you understand find out why i might be interested why they may have value and honestly male it just takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually against it saying saying i don’t comprehend 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 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 alright 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 function effectively so it so if we feel and and look this this enters a bit of an opinion i’m a big defy man i love decentralized financing and part of the reason is since i have actually remained in financing for so long and i know where the inefficiencies are and i know if we can take a few of those ineffectiveness out of the system and we can utilize 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 efficient operating on dollars running 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 fact to the assertion that since there’s all these cryptocurrencies there’s a minimal 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 once again in my opinion start to start to swallow up the standard financial system and i do not suggest that whatever else is going to go away i mean my sensation is banks and the crypto that the protocols and everything are going to start collaborating they’re going to start integrating together and that’s where you’re going to see a lot of this value so there’s a lot cash in the traditional 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 eventually it’s simply going to be called the financial system since 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 buy here’s what i do not this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members straight connect with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag unique access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise 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 advertising offers and to get more information about our incredible guests i’ll see you in etoro us’s club Etoro Espa√±Ol.