There’s all these new cryptos is constantly flooding in…Etoro Hrvatska… i imply how do you finish with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you learn the the really essentials here’s how bitcoin works and and we speak with a lot of once again monetary advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally simply there to try to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re getting into it which comes from education understanding and again returning to a financial investment thesis honestly and stating i’m not going to buy anything just because i saw some guy 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 discover where it fits for me um i you know obviously have to do a great deal of research study i can’t stay up to date with most likely 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’ve never even i can’t believe i’ve never heard of that i get a big ego and i resemble how could i not have heard of that however i have it and in some way it gets noted and there are probably tons of other people stating the same aspects of cryptos that i know a lot about because i i tend to take a look at a great deal of defy things i tend to look a great deal of those tokens so the the way i look at it is one there are a few ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn more about and like to buy what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to invest in some that are simply just simply you understand pumps like pump plans or something i know a great deal of people generated income on shiba inu i know a great deal of individuals generated income 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 need to or they should not because there are a lot of individuals that have actually succeeded i select not to do that one due to the fact that they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and awaken and i’m down here because what will take place is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i attempt 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 may have worth and truthfully man it simply takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are really versus it stating saying i do not 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 a lot of them are a currency that is for a specific network so bitcoin for example 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 operate effectively so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy person i love decentralized financing and part of the reason 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 inefficiencies out of the system and we can utilize blockchain innovation to do it that would be fantastic the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually efficient working on dollars working 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 quite reality to the assertion that since 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 once again in my opinion start to start to swallow up the conventional financial system and i don’t mean that whatever else is going to disappear i indicate my feeling is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to begin integrating together which’s where you’re visiting a good deal of this worth so there’s so much money in the conventional finance system that’s going to make its way into what we currently call the crypto system or the
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Defi system and eventually it’s simply going to be called the financial system since it’s simply a it’s basically a database in a network you get educated and once again as soon as you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly engage with our visitors utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro events make sure to take a look at the description for any marketing offers and to get more information about our fantastic guests i’ll see you in etoro us’s club Etoro Hrvatska.