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There’s all these new cryptos is continuously flooding in…Etoro Nashville Tn… 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 learn the the really basics here’s how bitcoin works and and we talk to a lot of once again monetary advisors here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you start to get into what is the financial 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 know all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually simply there to try to where they have no performance it’s just we hope

that the cost tomorrow is higher than the price today that’s the only reason you’re entering it which originates from education understanding and once again returning to a financial investment thesis truthfully and stating i’m not going to purchase anything just because i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and find out what it is and learn where it suitables for me um i you understand of course have 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 each 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 ever heard of that i get a huge ego and i’m like how could i not have heard of that however i have it and somehow it gets listed and there are most likely tons of other individuals stating the same things about cryptos that i know 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 take a look at it is one there are a few methods one is i try to educate myself as much as possible and after that have an idea of what i like to learn about and like to invest in what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to invest in some that are simply just purely you understand pumps like pump plans or something i know a lot of people generated income on shiba inu i understand a lot of people made money on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they shouldn’t because there are a great deal of people that have succeeded i pick not to do that one 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 wake up and i’m down here due to the fact that what will happen is i’ll never ever sleep again and again from a psychological perspective i do not desire that i i attempt 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 might have value and honestly male it simply takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are truly against it saying saying i don’t 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 number of them can exist on their own a number of them are a currency that is for a specific 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 fine 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 needs to have its own currency to operate effectively so it so if we feel and and look this this gets 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 ineffectiveness are and i know 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 great the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient operating on dollars working 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 fact to the assertion that since there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to once again in my viewpoint start to begin to swallow up the standard monetary system and i do not imply that everything else is going to disappear i indicate my sensation is banks and the crypto that the protocols and whatever are going to begin collaborating they’re going to start integrating together which’s where you’re visiting a great deal of this worth so there’s a lot money in the standard 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 eventually it’s simply going to be called the financial system since it’s simply a it’s essentially a database in a network you get educated and again once you get informed have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly connect with our visitors using a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro events make sure to take a look at the description for any marketing offers and for more information about our incredible visitors i’ll see you in etoro us’s club Etoro Nashville Tn.