There’s all these new cryptos is constantly flooding in…Etoro Voicemail W√§Hlen… i suggest how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk to a great deal of once again monetary consultants here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and then you begin to enter into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these new tokens all these 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 rate today that’s the only reason you’re getting into it which comes from education understanding and again going back to an investment thesis honestly and stating i’m not going to buy anything just because i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and find out what it is and discover where it fits for me um i you know naturally have 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 every week 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 become aware of that i get a big ego and i resemble how might i not have actually heard of that but i have it and in some way it gets noted and there are most likely tons of other individuals stating the exact same aspects of cryptos that i understand a lot about since i i tend to take a look at a lot 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 couple of ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn about and like to invest in 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 comprehending those i don’t like to invest in some that are just just simply you know pumps like pump plans or something i understand a lot of people generated income on shiba inu i understand a lot of individuals earned money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i select not to and i’m not telling anyone they ought to or they should not because there are a great deal of individuals that have actually done well i select not to do that a person because they’re they trade keep in mind 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 since what will happen is i’ll never sleep again and again from an emotional viewpoint i do not want that i i try to find out a fair bit about the ones that i’m interested in or learn you understand discover why i might be interested why they may have worth and truthfully man it simply takes a whole lot of education the other thing i’ll say about that genuine quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are actually against it saying stating 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 number 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 economic network fine if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it requires to have its own currency to work efficiently so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy person i love decentralized finance and part of the factor is since i’ve been in finance for so long and i understand where the ineffectiveness are and i understand if we can take a few of those inadequacies out of the system and we can use blockchain innovation to do it that would be fantastic the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective working on dollars running on us dollars over the banking system you need 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 due to the fact that there’s all these cryptocurrencies there’s a limited quantity 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 viewpoint start to start to swallow up the standard monetary system and i do not mean that everything else is going to go away i indicate my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to begin incorporating together and that’s where you’re going to see a good deal of this worth so there’s so much money in the traditional finance system that’s going to make its method into what we currently 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 just a it’s basically a database in a network you get informed and again once you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly interact with our visitors 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 swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events make sure to check out the description for any marketing offers and for more information about our amazing guests i’ll see you in etoro us’s club Etoro Voicemail W√§Hlen.