There’s all these brand-new cryptos is continuously flooding in…Etoro Loterature… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the extremely basics here’s how bitcoin works and and we speak to a lot of once again financial advisors here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you comprehend 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 comprehending these other crypto currencies originates from understanding how bitcoin functions then you get into that you understand 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 simply we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it which comes from education understanding and again going back to an investment thesis honestly and stating i’m not going to buy anything even if 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 find out what it is and discover where it suitables for me um i you know of course 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 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 ever heard of that i get a huge ego and i resemble how might i not have actually become aware of that however i have it and in some way it gets listed and there are most likely tons of other people stating the same features of 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 ways one is i try to educate myself as much as possible and then have a concept of what i like to find out about and like to buy 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 simply simply you understand pumps like pump plans or something i understand a lot of people generated income on shiba inu i understand a great deal of people generated income on dogecoin that’s excellent to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anybody they must or they should not because there are a great deal of people that have actually done well i select not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will take place is i’ll never sleep again and again from an emotional standpoint i don’t desire that i i try to find out a fair bit about the ones that i have an interest in or learn you know find out why i might be interested why they might have worth and honestly male it just takes a lot of education the other thing i’ll say about that real quickly is you hear a great deal of people who do not comprehend a lot about crypto or or are truly against it stating stating i do not understand how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or a lot 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 needs to have his own it it needs to have its own currency to operate efficiently so it so if we feel and and look this this enters a little bit of an opinion i’m a big defy guy i love decentralized finance and part of the factor is since i have actually been in finance for so long and i understand where the inefficiencies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation 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 effective so there is to me not quite truth to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 viewpoint start to begin to engulf the standard monetary system and i do not mean that everything else is going to disappear i mean my feeling is banks and the crypto that the procedures and whatever are going to start working together they’re going to start integrating together which’s where you’re going to see a good deal of this value so there’s a lot cash in the traditional finance 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 simply going to be called the financial system since it’s just a it’s essentially a database in a network you get informed and once again once you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely 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 bunch of advantages such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro events make certain to take a look at the description for any marketing deals and to get more information about our remarkable guests i’ll see you in etoro us’s club Etoro Loterature.