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There’s all these new cryptos is constantly flooding in…Etoro Law Enforcement… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the very essentials here’s how bitcoin works and and we speak with a great deal of once again monetary advisors here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies a few of them are literally simply there to try 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 getting into it which originates from education understanding and again returning to a financial investment thesis truthfully and saying i’m not going to invest in anything just because i saw some dude 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 fits for me um i you understand of course have to do a whole lot of research i can’t stay up to date 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 ever even i can’t think i’ve never ever heard of that i get a big ego and i resemble how could i not have actually heard of that but i have it and in some way it gets noted and there are probably tons of other people stating the exact same features of cryptos that i know a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a great deal of those tokens so the the method i take a look at it is one there are a few ways one is i try to inform myself as much as possible and after that have a concept of what i like to learn more about and like to invest in what do i like to purchase do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to buy some that are simply just purely you understand pumps like pump schemes or something i know a great deal of people earned money on shiba inu i know a great deal of individuals earned money on dogecoin that’s great to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they should or they shouldn’t because there are a great deal of individuals that have done well i select not to do that a person due to the fact that they’re they trade remember 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 due to the fact that what will occur is i’ll never ever sleep again and again from an emotional viewpoint i don’t want that i i try to discover quite a bit about the ones that i have an interest in or discover you understand learn why i might be interested why they may have worth and truthfully male it simply takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of individuals who do not understand a lot about crypto or or are truly against it saying stating i do not understand how there can be all these cryptocurrencies one of 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 many 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 financial network fine 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 efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the reason is since i have actually been in finance for so long and i know where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be fantastic the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be really efficient running on dollars running 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 reality to the assertion that because there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter into them so i got to determine which one’s going to be the winner it is going to once again in my opinion start to start to engulf the conventional financial system and i don’t indicate that everything else is going to disappear i suggest my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to start integrating together and that’s where you’re going to see a lot of this value so there’s so much money in the conventional financing 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 ultimately it’s just going to be called the monetary system due to the fact that it’s just a it’s basically a database in a network you get educated and again once 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 relayed for etoro us club members our webinars let members straight 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 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 membership of the wall street journal delta pro and unique invites to irl yes reality etoro occasions be sure to check out the description for any marketing deals and to learn more about our incredible guests i’ll see you in etoro us’s club Etoro Law Enforcement.