There’s all these new cryptos is constantly flooding in…Etoro Securities Lending Program… i imply 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 discover the the really essentials here’s how bitcoin works and and we speak with a great deal of once again financial advisors here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you start to enter into what is the financial 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 into that you know all these new tokens all these new cryptocurrencies a few of them are literally simply there to attempt to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it which originates from education understanding and once again going back to an investment thesis honestly and stating i’m not going to purchase 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 study and find out what it is and discover where it fits for me um i you know of course need to do a great deal of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a 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 big ego and i resemble how might i not have actually heard of that but i have it and somehow it gets noted and there are most likely tons of other individuals saying the exact same features of cryptos that i know a lot about since i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i look at it is one there are a couple of ways one is i try to educate myself as much as possible and then have an idea of what i like to find out about and like to invest in what do i like to buy do i like to buy the ones that have some sort of cash flow 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 schemes or something i understand a great deal of individuals made money on shiba inu i know a great deal of individuals earned money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anyone they should or they shouldn’t because there are a lot of people that have 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 because what will happen is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i attempt to find out a fair bit about the ones that i have an interest in or discover you know learn why i might be interested why they might have worth and truthfully male it just takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are truly versus it stating stating i don’t comprehend how there can be all these cryptocurrencies one of them has to win however 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 specific 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 fine 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy guy i love decentralized financing and part of the reason is since i’ve remained in financing for so long and i understand where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be terrific the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective operating on dollars working on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much fact to the assertion that because there’s all these cryptocurrencies there’s a minimal quantity 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 opinion start to begin to swallow up the conventional financial system and i don’t imply that everything else is going to disappear i imply 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 going to see a great deal of this worth so there’s so much money in the conventional financing 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 since it’s simply a it’s basically a database in a network you get educated and again when 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 specifically broadcast for etoro us club members our webinars let members directly communicate with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes reality etoro occasions make certain to have a look at the description for any promotional deals and to find out more about our fantastic guests i’ll see you in etoro us’s club Etoro Securities Lending Program.