There’s all these brand-new cryptos is continuously flooding in…Etoro Ou Bittrex… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we talk to a great deal of again financial consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and then you begin to enter into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s just we hope
that the rate tomorrow is higher than the price today that’s the only factor you’re entering into it which originates from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to purchase 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 study and discover what it is and find out where it fits for me um i you know naturally need to do a whole lot of research study i can’t stay up to date 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 have actually 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 listed and there are most likely lots of other individuals saying the very same things about 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 great deal of those tokens so the the way i look at it is one there are a couple of methods one is i try to educate myself as much as possible and after that have a concept of what i like to learn more 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 comprehending those i don’t like to purchase some that are simply simply purely you understand pumps like pump plans or something i know a lot of individuals earned money on shiba inu i know a lot of people made money on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone they need to or they should not because there are a lot of people that have actually done well i select not to do that one due to the fact that they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and wake up and i’m down here because what will occur is i’ll never sleep again and again from an emotional perspective i don’t want that i i attempt to find out a fair bit about the ones that i’m interested in or learn you know find out why i might be interested why they may have value and truthfully man it just takes a great deal of education the other thing i’ll say about that real rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are truly versus it saying stating i don’t 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 many 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 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 effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy person i love decentralized financing and part of the factor is since i’ve been in finance for so long and i know where the inefficiencies are and i know if we can take some of those inefficiencies out of the system and we can use 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 really efficient operating on dollars operating 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 since there’s all these cryptocurrencies there’s a restricted amount 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 again in my viewpoint start to begin to swallow up the conventional financial system and i don’t indicate that everything else is going to go away i indicate my feeling is banks and the crypto that the protocols and everything are going to start interacting they’re going to begin integrating together and that’s where you’re going to see a good deal of this value so there’s so much 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 just going to be called the monetary system because it’s simply a it’s essentially a database in a network you get informed and again once you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar solely broadcast for etoro us club members our webinars let members straight interact with our guests utilizing a q a and any person 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 month-to-month webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro occasions be sure to have a look at the description for any advertising offers and to read more about our amazing visitors i’ll see you in etoro us’s club Etoro Ou Bittrex.