There’s all these new cryptos is continuously flooding in…Etoro Hebel Geb√ºHren… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the extremely basics here’s how bitcoin works and and we speak to a lot of once 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 begin to get into what is the financial 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 new cryptocurrencies a few of them are actually just there to try to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the price today that’s the only factor you’re getting into it and that comes from education understanding and once again going back to a financial investment thesis truthfully and saying i’m not going to buy anything even if i saw some dude 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 learn where it suitables for me um i you understand obviously have to do a whole lot of research study 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 have actually never ever become aware of that i get a big ego and i resemble how could i not have become aware of that however i have it and somehow it gets listed and there are most likely lots of other individuals stating the same aspects of cryptos that i understand a lot about since 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 take a 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 an idea of what i like to find out about and like to buy what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to purchase some that are just just purely you understand pumps like pump schemes or something i understand a lot of individuals earned money on shiba inu i know a great deal of individuals generated income on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anyone they need to or they shouldn’t because there are a great deal of people that have actually done well i choose not to do that a person because they’re they trade keep in mind 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 due to the fact that what will take place is i’ll never sleep again and again from a psychological standpoint i don’t want that i i attempt to find out quite a bit about the ones that i’m interested in or discover you know learn why i might be interested why they might have worth and truthfully man it just takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly versus it stating saying i don’t understand 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 all right if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it needs to have its own currency to operate effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy person i love decentralized finance and part of the factor is because i’ve been in financing for so long and i understand where the ineffectiveness are and i know if we can take a few of those ineffectiveness out of the system and we can use 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 technology be actually effective working 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 very much fact 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 find out which one’s going to be the winner it is going to again in my viewpoint start to begin to swallow up the traditional financial system and i do not suggest that everything else is going to go away i mean my sensation is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to begin incorporating together and that’s where you’re visiting a great deal of this value so there’s so much cash in the traditional 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 ultimately it’s simply going to be called the financial system because it’s just a it’s basically 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 do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly connect with our visitors utilizing a q a and any person or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invites to irl yes reality etoro events be sure to check out the description for any promotional deals and to learn more about our remarkable guests i’ll see you in etoro us’s club Etoro Hebel Geb√ºHren.