There’s all these new cryptos is continuously flooding in…Etoro S&P 500… i imply how do you make with this deluge of novel 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 talk with a lot of once again financial consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and then you begin to enter into what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you get into that you understand all these new tokens all these new cryptocurrencies some of them are literally simply there to attempt to where they have no functionality it’s just we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re getting into it and that originates from education understanding and once again returning to an investment thesis honestly and stating i’m not going to invest in anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and learn 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 keep up with most likely 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 have actually never ever even i can’t think i have actually never ever heard of that i get a big ego and i resemble how could i not have become aware of that but i have it and in some way it gets noted and there are most likely tons of other people stating the same features of cryptos that i understand a lot about because i i tend to look at a lot 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 methods one is i attempt to educate myself as much as possible and after that have an idea of what i like to discover 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 protocol or something like that so understanding those i do not like to purchase some that are just just purely you know pumps like pump plans or something i understand a lot of individuals earned money on shiba inu i understand a great deal of people earned money on dogecoin that’s fantastic 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 ought to or they shouldn’t because there are a great deal of individuals that have actually succeeded i pick not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i don’t wish to go to sleep one night and i’m up here and get up 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 viewpoint i do not want that i i attempt to find out a fair bit about the ones that i have an interest in or learn you know find out why i might be interested why they might have value and truthfully man it simply takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are actually versus it saying saying i do not comprehend 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 a number of them can exist on their own much 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 alright 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 operate effectively so it so if we feel and and look this this gets into a little bit of an opinion i’m a huge defy man i love decentralized finance and part of the factor is because i have actually been in financing for so long and i know where the ineffectiveness are and i know if we can take some of those ineffectiveness out of the system and we can use blockchain innovation 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 innovation be really efficient running on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not very much truth 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 figure 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 monetary system and i don’t mean that whatever else is going to disappear i indicate my sensation is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to start integrating together which’s where you’re going to see a good deal of this worth so there’s so much cash in the traditional finance 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 ultimately 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 educated and once again once you get informed have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members straight interact with our visitors utilizing a q a and anybody 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 supervisor if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes reality etoro events make sure to check out the description for any promotional deals and to find out more about our incredible guests i’ll see you in etoro us’s club Etoro S&P 500.