There’s all these new cryptos is constantly flooding in…Etoro Seri√∂Se… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you discover the the extremely fundamentals here’s how bitcoin works and and we talk with a great deal of again financial advisors here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you start to enter into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you get into that you understand all these new tokens all these new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only factor you’re entering it which originates from education understanding and again returning to a financial investment thesis truthfully and saying i’m not going to buy 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 and find out what it is and discover where it fits for me um i you know of course have to do a lot of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i have actually 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 noted and there are most likely tons of other people saying the exact same things about cryptos that i know a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to buy some that are just simply simply you know pumps like pump schemes or something i understand a lot of individuals generated income on shiba inu i understand a lot of individuals earned money on dogecoin that’s terrific to hear i do not want to do that that that’s not me i select not to and i’m not telling anyone they must or they should not because there are a great deal of people that have done well i pick 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 awaken and i’m down here since what will happen is i’ll never sleep again and again from a psychological perspective i don’t desire that i i try to find out a fair bit about the ones that i’m interested in or discover you understand learn why i might be interested why they may have value and truthfully man it simply takes a great deal of education the other thing i’ll say about that real quickly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are actually versus it stating stating i don’t comprehend 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 many of them can exist on their own a lot 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 okay 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 function effectively so it so if we feel and and look this this enters into a little bit of a viewpoint 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 understand where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be fantastic 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 really effective 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 very much truth to the assertion that because there’s all these cryptocurrencies there’s a limited 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 start to swallow up the standard monetary system and i don’t imply that everything else is going to go away i suggest my sensation is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin incorporating together and that’s where you’re visiting a great deal of this value so there’s so much cash 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 ultimately it’s simply going to be called the financial system due to the fact that it’s simply a it’s essentially a database in a network you get educated and once again once you get educated have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly connect with our visitors using a q a and any person or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle bag exclusive access to our month-to-month webinars quarterly market reports and a devoted 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 certain to have a look at the description for any advertising deals and to read more about our incredible visitors i’ll see you in etoro us’s club Etoro Seri√∂Se.