There’s all these brand-new cryptos is constantly flooding in…Etoro Vs Coinmarketcap… i suggest how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the very 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 once you comprehend bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and then you start to enter 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 comes from comprehending how bitcoin functions then you get into that you know all these new tokens all these brand-new cryptocurrencies a few of them are actually simply there to attempt to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering into it which originates from education understanding and again going back to a financial investment thesis truthfully and saying i’m not going to invest in anything even if i saw some man 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 discover where it suitables for me um i you understand of course need to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t think i have actually never become aware of that i get a big ego and i’m like how could i not have actually become aware of that but i have it and in some way it gets noted and there are most likely lots of other individuals stating the very same things about cryptos that i understand a lot about due to the fact that i i tend to 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 few methods one is i attempt to inform myself as much as possible and after that have an idea of what i like to find out about and like to buy what do i like to purchase do i like to purchase 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 simply just simply you understand pumps like pump plans or something i know a lot of people made money on shiba inu i know a great deal of individuals made money on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anybody they must or they shouldn’t because there are a great deal of people that have succeeded i choose not to do that a person since they’re they trade remember 24 7 365.
i don’t wish to go to sleep one night and i’m up here and wake up and i’m down here since what will happen is i’ll never ever sleep again and again from a psychological perspective i don’t want that i i attempt to find out quite a bit about the ones that i’m interested in or learn you know find out why i might be interested why they might have value and honestly male it just takes a lot of education the other thing i’ll state about that real quickly is you hear a lot of people who do not understand a lot about crypto or or are really versus it stating saying i do not comprehend how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or much of them can exist on their own a lot 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 economic 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 requires to have its own currency to function effectively so it so if we feel and and look this this enters a little bit of a viewpoint i’m a big defy man i love decentralized finance and part of the reason is because i have actually remained in finance for so long and i understand where the ineffectiveness are and i know if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be actually effective running 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 since 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 begin to swallow up the standard financial system and i don’t mean that everything else is going to disappear i suggest my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to start incorporating together which’s where you’re visiting a great deal of this value so there’s so much cash in the traditional finance 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 ultimately it’s just 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 informed and again once 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 specifically relayed for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher 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 advertising offers and to get more information about our incredible guests i’ll see you in etoro us’s club Etoro Vs Coinmarketcap.