There’s all these new cryptos is continuously flooding in…Etoro Kontakt Deutschland… i suggest how do you make 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 discover the the extremely essentials here’s how bitcoin works and and we talk to a lot of once again financial advisors here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain innovation you understand transparency and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering into it and that originates 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 dude 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 learn where it fits for me um i you understand naturally have 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 every 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 big ego and i’m like how could i not have actually become aware of that but i have it and somehow it gets listed and there are probably lots of other people saying the exact same aspects of cryptos that i know 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 couple of methods one is i attempt to educate myself as much as possible and then have a concept of what i like to learn more about and like to purchase 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 buy some that are simply just purely you know pumps like pump plans or something i understand a great deal of individuals generated income on shiba inu i understand a great deal of individuals earned money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i select not to and i’m not telling anybody they need to or they shouldn’t because there are a great deal of people that have actually succeeded i pick not to do that one 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 awaken and i’m down here since what will happen is i’ll never sleep again and again from an emotional perspective i don’t want that i i attempt to find out quite a bit about the ones that i’m interested in or learn you understand discover why i might be interested why they might have value and honestly man it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are really against it saying saying i don’t comprehend how there can be all these cryptocurrencies among 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 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 financial 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 needs to have its own currency to operate effectively so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy person i love decentralized finance and part of the factor is due to the fact that i’ve remained in finance for so long and i understand 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 fantastic the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be actually efficient running on dollars operating on us dollars over the banking system you have 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 restricted 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 opinion start to begin to swallow up the traditional monetary system and i do not imply that everything else is going to disappear i mean my sensation is banks and the crypto that the procedures and everything are going to begin interacting they’re going to start incorporating together and that’s where you’re going to see a lot of this value so there’s a lot 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 eventually it’s simply going to be called the financial system since it’s simply a it’s essentially a database in a network you get educated and once again once you get informed have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly engage with our visitors using 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 swag bag unique access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events be sure to have a look at the description for any promotional offers and to find out more about our amazing visitors i’ll see you in etoro us’s club Etoro Kontakt Deutschland.