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There’s all these brand-new cryptos is constantly flooding in…Etoro Europe Vs Australia… i imply how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you find out the the extremely fundamentals here’s how bitcoin works and and we talk with a great deal of once again monetary consultants here’s just how bitcoin works and as soon as you understand bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you get into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally simply there to attempt to where they have no performance it’s just we hope

that the price tomorrow is higher than the cost today that’s the only factor you’re getting into it and that originates from education understanding and once again returning to a financial investment thesis honestly and saying i’m not going to invest in anything just because i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and learn where it suitables for me um i you know of course have to do a whole lot of research study i can’t stay up to date with probably 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 heard of that i get a huge ego and i’m like how could i not have actually heard of that however i have it and in some way it gets noted and there are probably lots of other people stating the very 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 way i look at it is one there are a couple of methods one is i attempt to educate myself as much as possible and after that have an idea of what i like to find out about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to invest in some that are just just purely you know pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i understand a lot of individuals made money on dogecoin that’s great 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 must or they shouldn’t because there are a great deal of people that have actually done well i select not to do that one because they’re they trade keep in mind 24 7 365.

 

 

i do not want to go to sleep one night and i’m up here and awaken and i’m down here because what will happen is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i try to learn quite a bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have worth and truthfully man it just takes a great deal of education the other thing i’ll say about that real rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly against it stating stating i don’t understand how there can be all these cryptocurrencies one of them has to win however that’s that’s not the case they are all they they can or a lot 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 financial network fine if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 into a bit of an opinion i’m a huge defy person i love decentralized finance and part of the factor is because i’ve remained in financing for so long and i know where the inadequacies are and i understand if we can take a few of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be great the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be actually effective 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 effective so there is to me not very much fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited quantity 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 opinion start to start to engulf the traditional financial system and i don’t indicate that everything else is going to disappear i suggest my sensation is banks and the crypto that the protocols and whatever 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 so much cash in the conventional finance 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 eventually it’s just going to be called the monetary system since it’s just a it’s essentially a database in a network you get informed and once again when you get educated have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly engage with our visitors 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 boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro events make sure to have a look at the description for any marketing deals and to get more information about our amazing guests i’ll see you in etoro us’s club Etoro Europe Vs Australia.