There’s all these new cryptos is constantly flooding in…Etoro Krypto Erfahrung… i imply how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you find out the the really basics here’s how bitcoin works and and we speak with a lot of again financial consultants here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you begin to enter what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you enter into that you know all these new tokens all these brand-new cryptocurrencies a few of them are actually 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 comes from education understanding and again returning to a financial investment thesis truthfully and saying i’m not going to invest in anything even if i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and discover what it is and find out where it suitables for me um i you know obviously have to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never become aware of that i get a big ego and i resemble how could i not have actually heard of that but i have it and somehow it gets listed and there are probably lots of other individuals saying 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 ways one is i attempt to educate myself as much as possible and then have a concept of what i like to discover and like to buy what do i like to buy do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so understanding those i do not like to purchase some that are simply simply simply you know pumps like pump plans or something i understand a great deal of individuals generated income on shiba inu i know a lot of people earned money on dogecoin that’s excellent 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 ought to or they shouldn’t because there are a great deal of people that have actually succeeded i choose not to do that one because they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and wake up and i’m down here since what will occur is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i attempt to find out quite a bit about the ones that i’m interested in or learn you know discover why i might be interested why they might have value and honestly man it simply takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a lot of individuals who do not understand a lot about crypto or or are really versus it saying 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 much 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 okay if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 enters into a little bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is since i’ve been in finance for so long and i know where the inefficiencies are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be excellent the important things is the blockchain technology is not efficient 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 need 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 since there’s all these cryptocurrencies there’s a restricted quantity 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 standard financial system and i do not mean that everything else is going to disappear i imply my feeling is banks and the crypto that the protocols and everything are going to start collaborating they’re going to begin integrating together which’s where you’re going to see a good deal of this worth so there’s a lot money 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 just going to be called the monetary system since it’s just a it’s basically a database in a network you get informed and 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 solely broadcast for etoro us club members our webinars let members straight engage with our guests utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes real life etoro events make sure to take a look at the description for any marketing offers and for more information about our fantastic guests i’ll see you in etoro us’s club Etoro Krypto Erfahrung.