There’s all these new cryptos is constantly flooding in…Etoro Natural Gas… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you discover the the extremely essentials here’s how bitcoin works and and we speak with a lot of again monetary consultants here’s just how bitcoin works and as soon as you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you start to enter what is the 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 understand all these brand-new tokens all these brand-new cryptocurrencies some 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 factor you’re entering into it and that comes from education understanding and again going back to an investment thesis truthfully and stating i’m not going to purchase 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 learn what it is and learn where it fits for me um i you know naturally need 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 weekly i see a brand-new one being listed on some exchange and i’m and i go i have actually never even i can’t think i have actually never ever become aware of that i get a huge ego and i’m like how could i not have actually become aware of that but i have it and in some way it gets noted and there are probably tons of other people stating the very same things about cryptos that i know a lot about due to the fact that i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i 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 find out about and like to buy what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i do not like to invest in some that are just simply simply you know pumps like pump plans or something i understand a great deal of people generated income 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 must or they should not because there are a lot of people that have actually succeeded i choose 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 take place is i’ll never sleep again and again from a psychological standpoint i don’t desire that i i attempt to find out quite a bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have value and truthfully man it simply takes a lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are truly versus it stating stating i do not understand how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own a number of them are a currency that is for a particular 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 alright 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 efficiently so it so if we feel and and look this this enters a little bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the reason is because i have actually remained in finance for so long and i understand where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be excellent the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be truly effective working 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 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 go into them so i got to find out which one’s going to be the winner it is going to once again in my opinion start to start to swallow up the standard monetary system and i do not mean that everything else is going to disappear i imply my sensation is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to begin integrating together and that’s where you’re visiting a great deal of this worth so there’s a lot money in the standard 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 eventually it’s just going to be called the financial system due to the fact that it’s just a it’s essentially a database in a network you get informed and again as soon as you get educated have an investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight connect with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes real life etoro occasions be sure to check out the description for any promotional deals and to get more information about our amazing guests i’ll see you in etoro us’s club Etoro Natural Gas.