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There’s all these brand-new cryptos is continuously flooding in…Etoro Steuer Eur Usd… i suggest how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you discover the the extremely basics 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 understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you start to enter into what is the financial investment thesis behind bitcoin and that 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 understand all these new tokens all these brand-new cryptocurrencies a few of them are literally just there to try to where they have no functionality it’s simply we hope

that the rate tomorrow is higher than the price today that’s the only factor you’re getting into it which comes from education understanding and once again returning to an investment thesis truthfully and saying i’m not going to purchase anything just because 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 learn where it fits for me um i you understand obviously 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 noted on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never ever heard of that i get a big ego and i’m like how might i not have actually become aware of that however i have it and somehow it gets noted and there are probably tons of other people stating the same aspects of cryptos that i understand a lot about due to the fact that 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 few methods one is i attempt to educate myself as much as possible and after that have an idea of what i like to learn about and like to purchase what do i like to purchase 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 understand pumps like pump schemes or something i know a great deal of people made money on shiba inu i know a great deal of individuals earned money on dogecoin that’s great to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anyone they ought to or they shouldn’t because there are a great deal of people that have succeeded i pick not to do that one because they’re they trade keep in mind 24 7 365.

 

 

i do not wish to go to sleep one night and i’m up here and wake up and i’m down here due to the fact that what will occur is i’ll never sleep again and again from a psychological perspective i don’t desire that i i attempt 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 worth and truthfully guy it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are really against it saying saying i don’t understand how there can be all these cryptocurrencies among them has 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 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 economic network all right if eth is the currency of the ethereum network so there’s a whole network there and it needs to have his own it it needs to have its own currency to function effectively so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy man i love decentralized financing and part of the factor is due to the fact that i’ve been in finance for so long and i understand where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be terrific the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be actually efficient operating on dollars operating 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 quite reality 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 determine which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the standard monetary system and i don’t mean that everything else is going to disappear 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 visiting a good deal of this worth so there’s so much cash in the conventional finance 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 just going to be called the monetary system due to the fact that it’s just a it’s basically a database in a network you get educated and again when you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members straight communicate with our visitors using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes reality etoro events make certain to take a look at the description for any promotional offers and to get more information about our incredible visitors i’ll see you in etoro us’s club Etoro Steuer Eur Usd.