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There’s all these brand-new cryptos is continuously flooding in…Etoro K√ºNdigung… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the really fundamentals here’s how bitcoin works and and we talk to a lot of once again financial consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you comprehend 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 game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these brand-new tokens all these brand-new cryptocurrencies a few 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 price today that’s the only factor you’re getting into it and that comes from education understanding and once again returning to an investment thesis truthfully and saying i’m not going to invest in anything just because i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and learn what it is and discover where it suitables for me um i you understand obviously have to do a whole lot of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i’ve never even i can’t believe i have actually never ever heard of that i get a big ego and i resemble how might i not have become aware of that however i have it and somehow it gets listed and there are most likely tons of other individuals stating the same things about cryptos that i know a lot about because i i tend to look at a great deal of defy things i tend to look a great deal of those tokens so the the method i look at it is one there are a few methods one is i try to educate myself as much as possible and then have an idea of what i like to discover and like to invest in what do i like to purchase 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 purchase some that are simply just simply you know pumps like pump schemes or something i understand a great deal of individuals earned money on shiba inu i know a lot of people made 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 must or they shouldn’t because there are a lot of people that have actually succeeded i pick not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.

 

 

i don’t want to go to bed 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 sleep again and again from an emotional standpoint i don’t want that i i try to find out a fair bit about the ones that i’m interested in or discover you understand discover why i might be interested why they might have worth and honestly guy it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are really versus it saying saying i do not 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 many of them are a currency that is for a particular 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 financial network alright 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 operate efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy man i love decentralized financing and part of the factor is since i’ve remained in financing for so long and i understand where the inadequacies are and i understand if we can take some of those inadequacies out of the system and we can use blockchain technology to do it that would be great the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective working on dollars running 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 minimal quantity 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 opinion start to begin to swallow up the traditional 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 protocols and whatever are going to start collaborating they’re going to begin incorporating together which’s where you’re visiting a great deal of this value so there’s a lot 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 just going to be called the financial system since 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 exclusively transmitted for etoro us club members our webinars let members directly engage with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and special invites to irl yes reality etoro events make certain to take a look at the description for any promotional offers and to find out more about our amazing guests i’ll see you in etoro us’s club Etoro K√ºNdigung.