There’s all these new cryptos is continuously flooding in…Etoro Omer Elazari… i imply how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you discover the the extremely essentials here’s how bitcoin works and and we speak with a lot of once again monetary consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies a few of them are literally just there to attempt to where they have no functionality it’s simply we hope
that the price 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 an investment thesis truthfully and saying i’m not going to buy anything even if i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and learn where it suitables for me um i you know 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 weekly i see a new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never become aware of that i get a huge ego and i resemble how could i not have heard of that but i have it and in some way it gets listed and there are most likely lots of other individuals saying the same aspects of cryptos that i understand a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a couple of methods one is i attempt to educate myself as much as possible and after that have a concept of what i like to learn more about and like to buy what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to buy some that are just just simply you know pumps like pump schemes or something i know a lot of individuals generated income on shiba inu i understand a great deal of people generated income on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i select not to and i’m not telling anybody they need to or they shouldn’t because there are a great deal of people that have done well i select not to do that a person because 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 take place is i’ll never sleep again and again from an emotional standpoint i do not want that i i attempt to discover quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have value and truthfully man it simply takes a great deal of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who don’t understand a lot about crypto or or are actually versus it stating stating i don’t understand how there can be all these cryptocurrencies among them has 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 lot 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 economic network okay 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 little bit of an opinion i’m a huge defy guy i love decentralized financing and part of the factor is due to the fact that i have actually been in finance for so long and i know where the ineffectiveness 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 innovation 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 efficient so there is to me not quite fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 once again in my opinion start to begin to engulf the traditional financial system and i do not mean that whatever else is going to disappear i suggest my feeling is banks and the crypto that the procedures and everything are going to start collaborating they’re going to begin integrating together and that’s where you’re visiting a good deal of this worth so there’s so much money in the standard financing system that’s going to make its way into what we presently call the crypto system or the
What’s bad about eToro? Etoro Omer Elazari
Defi system and eventually it’s just going to be called the financial system because it’s just a it’s essentially a database in a network you get informed and again when you get informed have an investment thesis here’s what i like to buy 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 visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and special invitations to irl yes reality etoro occasions make sure to take a look at the description for any advertising offers and to find out more about our remarkable visitors i’ll see you in etoro us’s club Etoro Omer Elazari.