There’s all these new cryptos is constantly flooding in…Etoro Members… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you discover the the very essentials here’s how bitcoin works and and we talk with a great deal of once again monetary advisors here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you start to enter 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 know all these new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re getting into it and that comes from education understanding and once again going back to a financial investment thesis truthfully and stating i’m not going to buy anything just because i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and learn where it suitables for me um i you understand naturally need to do a great deal 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 listed on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never heard of that i get a big ego and i’m like how could i not have actually heard of that however i have it and in some way it gets noted and there are probably lots of other individuals saying the very same features of cryptos that i understand a lot about since 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 take a look at it is one there are a couple of ways one is i try to inform 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 invest in do i like to invest in 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 just just simply you know pumps like pump plans or something i understand a lot of people made money on shiba inu i know a lot of people generated income on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anyone they must or they shouldn’t because there are a lot of individuals that have succeeded i pick not to do that a person because they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and awaken and i’m down here because what will occur is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i try to find out quite a bit about the ones that i have an interest in or learn you know find out why i might be interested why they may have worth and truthfully male it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of people who do not understand a lot about crypto or or are actually versus it stating stating i do not 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 much of them can exist on their own a lot 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 financial network all right 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 a little bit of a viewpoint i’m a big defy man i love decentralized finance and part of the factor is due to the fact that i have actually been in finance for so long and i understand 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 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 effective 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 effective so there is to me not very much truth to the assertion that since there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go 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 begin to engulf the conventional monetary system and i don’t mean 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 begin interacting they’re going to begin integrating together which’s where you’re visiting a lot of this value so there’s so much 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 financial system due to the fact that it’s just a it’s basically a database in a network you get informed and once again as soon as you get informed have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members straight communicate with our visitors using a q a and anybody or you can join etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events be sure to check out the description for any marketing deals and to learn more about our incredible visitors i’ll see you in etoro us’s club Etoro Members.