There’s all these new cryptos is continuously flooding in…Etoro Genehmigung… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you find out the the extremely fundamentals here’s how bitcoin works and and we talk to a lot of again financial consultants here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that 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 comprehending how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies a few of them are literally just there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the rate today that’s the only factor you’re entering it which comes from education understanding and once again going back to an investment thesis truthfully and stating i’m not going to buy 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 learn what it is and find out where it suitables for me um i you understand of course 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 weekly i see a new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never ever become aware of that i get a huge ego and i resemble how could i not have actually heard of that however i have it and in some way it gets listed and there are probably tons of other people saying the very same things about cryptos that i understand a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a few methods one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn 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 comprehending those i don’t like to purchase some that are just just simply you know pumps like pump plans 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 wish to do that that that’s not me i pick not to and i’m not telling anybody they should or they shouldn’t because there are a lot of individuals that have actually done well i pick not to do that one because they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here because what will happen is i’ll never sleep again and again from an emotional perspective i don’t desire that i i try to discover a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have worth and honestly male it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are actually versus it stating saying i do not comprehend 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 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 requires to have its own currency to function efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the factor is because i’ve been in finance for so long and i understand where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really effective 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 truth to the assertion that because there’s all these cryptocurrencies there’s a restricted amount 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 again in my opinion start to begin to engulf the traditional monetary system and i do not imply that everything else is going to go away i indicate my feeling is banks and the crypto that the procedures and whatever are going to start interacting they’re going to begin integrating together and that’s where you’re going to see a lot of this worth so there’s a lot cash in the conventional 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 eventually it’s simply going to be called the monetary system because it’s simply a it’s basically a database in a network you get informed and again once you get informed have a financial 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 interact with our visitors using a q a and anybody or you can join etoro club and u.s club members get a bunch of advantages such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro occasions be sure to take a look at the description for any marketing deals and for more information about our remarkable visitors i’ll see you in etoro us’s club Etoro Genehmigung.