There’s all these new cryptos is continuously flooding in…Etoro Kontoauszugh… i indicate how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you discover the the really basics here’s how bitcoin works and and we talk to a lot of once again monetary consultants here’s just how bitcoin works and as soon as 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 financial investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you get into that you understand all these 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 price tomorrow is higher than the price today that’s the only reason you’re entering into it and that comes from education understanding and again returning to an investment thesis honestly and saying i’m not going to purchase anything just because i saw some man 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 find out where it suitables for me um i you know obviously have to do a 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 weekly 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’ve never become aware of that i get a big ego and i’m like how could i not have actually heard of that however i have it and somehow it gets noted and there are probably lots of other people stating the exact same things about cryptos that i understand a lot about because i i tend to look at a great deal of defy things i tend to look a lot of those tokens so the the way i 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 learn more about and like to invest in what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to invest in some that are just just purely you understand pumps like pump schemes or something i know a great deal of people generated income on shiba inu i understand a great deal of people 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 should not because there are a great deal of individuals that have actually done well i choose not to do that a person since they’re they trade remember 24 7 365.
i don’t wish to go to sleep one night and i’m up here and get up and i’m down here because what will occur is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i try to discover quite a bit about the ones that i have an interest in or learn you know find out why i might be interested why they may have worth and truthfully man it just takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who do not understand a lot about crypto or or are really versus it stating saying i don’t understand 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 many 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 fine 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this enters a little bit of a viewpoint i’m a huge defy person i love decentralized finance and part of the reason is because i have actually remained in financing for so long and i know where the inadequacies are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be fantastic the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly 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 efficient so there is to me not very much truth to the assertion that because there’s all these cryptocurrencies there’s a minimal 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 conventional monetary system and i don’t indicate that everything else is going to go away i indicate my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a great deal of this value so there’s a lot cash in the traditional 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 since it’s simply a it’s essentially a database in a network you get informed and once again when you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight connect with our guests using a q a and anyone or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle bag unique access to our regular monthly 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 invitations to irl yes real life etoro occasions be sure to take a look at the description for any promotional deals and to read more about our incredible visitors i’ll see you in etoro us’s club Etoro Kontoauszugh.