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There’s all these new cryptos is continuously flooding in…Etoro Upgrad Der Krypto W√§Hrungen… i indicate how do you finish 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 really fundamentals here’s how bitcoin works and and we speak to a lot of again financial consultants here’s simply how bitcoin works and as soon as you understand bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you begin to enter 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 some of them are actually simply there to try to where they have no functionality it’s just we hope

that the price tomorrow is higher than the price today that’s the only reason you’re entering into it and that originates from education understanding and again going back to a financial investment thesis honestly and stating i’m not going to purchase anything just because i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and discover what it is and find out where it fits for me um i you know obviously need to do a lot of research i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i have actually never even i can’t believe i’ve never become aware of that i get a huge ego and i’m like how could i not have actually heard of that however i have it and somehow it gets listed and there are most likely lots of other individuals saying the very same things about cryptos that i know a lot about since i i tend to take a look at a lot of defy things 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 try to inform myself as much as possible and then have an idea of what i like to learn more about and like to invest in what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to invest in some that are just simply simply you know pumps like pump plans or something i know a lot of individuals made money on shiba inu i understand a lot of individuals generated income on dogecoin that’s great 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 should or they should not because there are a lot of individuals that have done well i choose not to do that one since they’re they trade keep in mind 24 7 365.

 

 

i don’t want to go to bed one night and i’m up here and awaken and i’m down here due to the fact that what will happen is i’ll never ever sleep again and again from an emotional standpoint i don’t want that i i try to discover a fair bit about the ones that i’m interested in or discover you understand learn why i might be interested why they might have value and truthfully male it just takes a lot of education the other thing i’ll say about that genuine rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually versus it stating stating i don’t comprehend 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 lot of them can exist on their own a lot of them are a currency that is for a particular 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 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 function effectively so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the reason is due to the fact that i have actually remained in financing for so long and i understand where the inadequacies are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be terrific the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be really effective working on dollars working 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 quite fact to the assertion that because there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to again in my viewpoint start to begin to swallow up the traditional monetary system and i don’t mean that whatever else is going to go away i suggest my feeling is banks and the crypto that the procedures and whatever are going to start collaborating they’re going to begin incorporating together which’s where you’re visiting a great deal of this value so there’s so much 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 simply going to be called the monetary system since it’s simply a it’s essentially a database in a network you get informed and once again as soon as you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly engage with our visitors utilizing a q a and anybody or you can join etoro club and u.s club members get a bunch of benefits such as an etoro swag bag exclusive 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 invites to irl yes real life etoro occasions be sure to have a look at the description for any promotional deals and to get more information about our incredible guests i’ll see you in etoro us’s club Etoro Upgrad Der Krypto W√§Hrungen.