There’s all these new cryptos is continuously flooding in…Etoro Kryptow√§Hrung Steuer… i suggest how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you discover the the really basics here’s how bitcoin works and and we talk with a lot of once again financial advisors here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you comprehend openness and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you get into that you understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are literally simply there to attempt to where they have no functionality it’s simply 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 once again going back to a financial investment thesis honestly and stating i’m not going to invest in anything even if i saw some guy 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 discover where it suitables for me um i you know naturally have to do a lot of research 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 listed on some exchange and i’m and i go i’ve never ever even i can’t think i’ve never ever become aware of that i get a huge ego and i’m like how might i not have become aware of that however i have it and somehow it gets noted and there are most likely tons of other individuals saying the same aspects of cryptos that i understand a lot about since 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 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 learn more about and like to buy what do i like to buy do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to invest in some that are simply simply purely you understand pumps like pump schemes or something i know a lot of people made money on shiba inu i know a lot of people generated income on dogecoin that’s excellent to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anybody they must or they should not because there are a lot of individuals that have actually done well i pick not to do that one because they’re they trade remember 24 7 365.
i do not wish 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 sleep again and again from a psychological viewpoint i do not desire that i i try to find out quite a bit about the ones that i have an interest in or discover you understand find out why i might be interested why they may have value and honestly male it simply takes a great deal of education the other thing i’ll say 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 stating stating i don’t understand how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or many of them can exist on their own much of them are a currency that is for a specific 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 economic 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 requires to have its own currency to work effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is since i’ve been in finance for so long and i know where the inefficiencies are and i know 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 innovation be really effective working 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 very much truth to the assertion that because there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my viewpoint start to start to engulf the standard financial system and i do not suggest that whatever else is going to go away i suggest my sensation is banks and the crypto that the procedures and whatever are going to start interacting they’re going to start integrating together and that’s where you’re visiting a lot of this worth so there’s so much cash in the conventional financing 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 ultimately it’s simply going to be called the monetary system since it’s just a it’s essentially a database in a network you get informed and once again once you get informed have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members straight communicate with our visitors utilizing a q a and any person or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a dedicated account supervisor 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 reality etoro occasions make certain to take a look at the description for any promotional deals and to get more information about our remarkable visitors i’ll see you in etoro us’s club Etoro Kryptow√§Hrung Steuer.