There’s all these new cryptos is constantly flooding in…Etoro Stock Bot… i imply how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the extremely essentials here’s how bitcoin works and and we speak to a great deal of once again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you comprehend openness and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter that you understand all these new tokens all these brand-new cryptocurrencies some of them are literally just there to try 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 comes from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to buy anything just because i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and learn what it is and find out where it suitables for me um i you know of course need 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 every week i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t think i have actually never heard of that i get a big ego and i resemble how might i not have become aware of that however i have it and in some way it gets listed and there are most likely lots of other people stating the very same aspects of cryptos that i understand a lot about because i i tend to take a look at a lot 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 ways one is i try to educate myself as much as possible and after that have a concept of what i like to find out about and like to buy what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to buy some that are just just purely you understand pumps like pump plans or something i know a great deal of individuals generated income on shiba inu i understand a great deal of people made money on dogecoin that’s excellent 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 should or they should not because there are a great deal of individuals that have done well 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 bed 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 ever sleep again and again from a psychological viewpoint i do not want that i i attempt to discover a fair bit about the ones that i have an interest in or learn you know learn why i might be interested why they may have worth and honestly man it simply takes a great deal of education the other thing i’ll state about that genuine quickly is you hear a lot of people who do not understand a lot about crypto or or are truly against it stating stating i don’t understand how there can be all these cryptocurrencies one of them needs to win however 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 financial network all right 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 efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the reason is because i have actually been in finance for so long and i know where the inefficiencies are and i know if we can take some of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be excellent 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 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 quite 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 standard monetary system and i do not imply that everything else is going to disappear i indicate my feeling is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to start integrating together which’s where you’re going to see a lot of this worth so there’s a lot cash 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 because it’s simply a it’s essentially a database in a network you get informed and again once you get informed have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly interact with our visitors using a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make certain to check out the description for any promotional deals and for more information about our amazing visitors i’ll see you in etoro us’s club Etoro Stock Bot.