There’s all these new cryptos is continuously flooding in…Etoro Telegram Group… i indicate how do you finish 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 discover the the very essentials here’s how bitcoin works and and we speak with a lot of once again financial advisors here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and after that you start to get 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 originates from comprehending how bitcoin functions then you enter into that you understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it and that originates from education understanding and again returning to a financial investment thesis truthfully and saying i’m not going to purchase anything just because i saw some guy 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 discover where it fits for me um i you know obviously need to do a whole lot of research i can’t keep up with probably 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 have actually never even i can’t think i’ve never ever heard of that i get a big ego and i’m like how might i not have actually heard of that but i have it and somehow it gets listed and there are most likely tons of other people saying the same aspects of cryptos that i know a lot about because i i tend to 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 few methods one is i attempt to inform myself as much as possible and then have an idea of what i like to learn more about and like to purchase what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i do not like to invest in some that are simply simply purely you know pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i know a great deal of people generated income 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 must or they shouldn’t because there are a great deal of individuals that have done well i select not to do that one because they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here because what will happen is i’ll never sleep again and again from an emotional perspective i do not desire that i i try to find out quite a bit about the ones that i have an interest in or learn you understand discover why i might be interested why they might have value and truthfully man it simply takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are really against it stating saying i do not 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 much of them can exist on their own a number 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 okay 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 work effectively so it so if we feel and and look this this enters into a little bit of an opinion i’m a big defy guy i love decentralized financing and part of the reason is because i’ve remained in financing for so long and i know where the inadequacies are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be great the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be truly efficient running 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 reality 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 once again in my opinion start to start to swallow up the standard monetary system and i do not indicate that whatever else is going to disappear i indicate my feeling is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to start incorporating together which’s where you’re going to see a good deal of this value so there’s so much cash in the standard financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and eventually it’s simply going to be called the financial system due to the fact that it’s just a it’s basically a database in a network you get educated and again once you get educated 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 exclusively relayed for etoro us club members our webinars let members directly interact with our guests utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag unique access to our 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 invitations to irl yes reality etoro occasions make sure to check out the description for any promotional deals and to learn more about our incredible visitors i’ll see you in etoro us’s club Etoro Telegram Group.