There’s all these new cryptos is constantly flooding in…Etoro Game Played On Ad… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the extremely basics here’s how bitcoin works and and we talk with a lot of again financial consultants here’s simply how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you understand transparency and immutability and all those things and then you start to enter into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only reason you’re entering into it and that originates from education understanding and again going back to a financial investment thesis honestly and saying i’m not going to invest in anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and find out what it is and find out where it suitables for me um i you understand obviously need to do a lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every 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 ever heard of that i get a big ego and i’m like how might 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 exact same aspects of cryptos that i understand a lot about since i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few ways one is i try to inform myself as much as possible and then have a concept of what i like to learn 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 protocol or something like that so understanding those i don’t like to buy some that are simply simply purely you know pumps like pump plans or something i understand a great deal of individuals earned money on shiba inu i understand a lot of individuals earned money on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anyone they ought to or they shouldn’t because there are a lot of individuals that have succeeded i pick not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and wake up and i’m down here due to the fact that what will take place is i’ll never ever sleep again and again from a psychological perspective i do not want that i i try to discover quite a bit about the ones that i have an interest in or discover you know find out why i might be interested why they might have value and honestly male it simply takes a lot of education the other thing i’ll say about that real rapidly is you hear a lot of people 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 one of them has to win but that’s that’s not the case they are all they they can or a number of them can exist on their own much 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 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 needs to have its own currency to operate efficiently 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 financing and part of the factor is due to the fact that i’ve remained in finance for so long and i understand where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be great the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective operating on dollars operating 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 reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 viewpoint start to start to engulf the standard monetary system and i don’t mean that whatever else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start integrating together which’s where you’re going to see a lot of this value 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 financial system since it’s simply a it’s essentially a database in a network you get educated and again as soon as you get informed have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members directly connect with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro events make sure to take a look at the description for any marketing offers and to find out more about our incredible guests i’ll see you in etoro us’s club Etoro Game Played On Ad.