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There’s all these brand-new cryptos is constantly flooding in…Etoro Geb√ºHren Verkauf… i indicate how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you discover the the very fundamentals here’s how bitcoin works and and we speak to a lot of once again monetary advisors here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you get into that you know all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually simply there to try to where they have no performance it’s simply we hope

that the price tomorrow is higher than the cost today that’s the only factor you’re entering into it and that comes from education understanding and once again returning to a financial investment thesis truthfully and stating i’m not going to purchase anything even if i saw some guy pumping it on tick tock or i saw somebody 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 i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each 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’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 tons of other people saying the very same features of cryptos that i understand a lot about since 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 few methods one is i try to educate myself as much as possible and after that 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 invest in the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i don’t like to invest in some that are just just purely you understand pumps like pump schemes or something i know a great deal of people earned money on shiba inu i know 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 select not to and i’m not telling anyone they should or they should not because there are a lot of people that have succeeded 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 get up and i’m down here since what will take place is i’ll never sleep again and again from an emotional viewpoint i don’t want that i i attempt to find out a fair bit about the ones that i have an interest in or discover you know discover why i might be interested why they might have value and honestly guy it simply takes a great deal of education the other thing i’ll say about that real quickly is you hear a lot of people who don’t understand a lot about crypto or or are truly against it saying saying i don’t comprehend how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or many 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 economic network all right 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 efficiently so it so if we feel and and look this this enters a little bit of an opinion i’m a big defy man i love decentralized financing and part of the factor is because i’ve been in finance for so long and i know where the ineffectiveness are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be terrific the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be really efficient running on dollars working on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not quite truth to the assertion that because there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the conventional monetary system and i do not imply that whatever else is going to disappear i mean my sensation is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re going to see a lot of this worth so there’s so much money in the traditional finance 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 ultimately it’s simply going to be called the financial system because it’s just a it’s essentially a database in a network you get informed and once again when you get informed have an investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly connect with our visitors utilizing a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher 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 occasions make sure to check out the description for any marketing deals and to read more about our amazing visitors i’ll see you in etoro us’s club Etoro Geb√ºHren Verkauf.