There’s all these brand-new cryptos is continuously flooding in…Etoro Kryptow√§Hrung Hebel… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we talk to a great deal of once again monetary consultants here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you start to enter 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 understanding how bitcoin functions then you enter into that you understand all these new tokens all these new cryptocurrencies some of them are literally simply there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering it which originates from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to buy anything even if i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and find out what it is and find out where it fits for me um i you understand of course need to do a lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being noted on some exchange and i’m and i go i’ve never ever 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 become aware of that however i have it and somehow it gets noted and there are probably lots of other people stating the same things about cryptos that i understand a lot about because i i tend to take a look at a lot of defy things i tend to look a lot of those tokens so the the way i take a look at it is one there are a couple of methods one is i try to educate myself as much as possible and then have an idea of what i like to find out about and like to purchase what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to buy some that are simply just purely you understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i understand a great deal of individuals made money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they must or they should not because there are a lot of people that have actually succeeded i pick not to do that one since they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep 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 a psychological perspective i do not want that i i try to find out quite a bit about the ones that i’m interested in or discover you know learn why i might be interested why they might have worth and honestly male it simply takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly versus it stating saying i do not comprehend how there can be all these cryptocurrencies among them has to win however 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 economic 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 work effectively so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a big defy person i love decentralized financing and part of the reason is because i have actually been in financing for so long and i know where the inadequacies are and i know if we can take a few of those inefficiencies out of the system and we can use blockchain innovation to do it that would be great the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really efficient running on dollars operating 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 due to the fact that there’s all these cryptocurrencies there’s a minimal 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 again in my opinion start to start to engulf the traditional monetary system and i don’t imply that everything else is going to go away i mean my sensation is banks and the crypto that the protocols and everything are going to begin working together they’re going to start integrating together and that’s where you’re visiting a good deal of this worth so there’s a lot cash in the traditional 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 monetary system since it’s simply a it’s basically a database in a network you get informed and again as soon as you get informed have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members directly communicate with our guests using a q a and anyone 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 monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and special invitations to irl yes real life etoro events make certain to take a look at the description for any advertising deals and to find out more about our remarkable guests i’ll see you in etoro us’s club Etoro Kryptow√§Hrung Hebel.