There’s all these brand-new cryptos is continuously flooding in…Etoro Vs Schwab Vs Vanguard… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the extremely essentials here’s how bitcoin works and and we speak with a great deal of again monetary consultants here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you understand openness 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 originates from understanding how bitcoin functions then you enter into that you understand all these brand-new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the cost today that’s the only factor you’re getting into it which comes from education understanding and once again returning to an investment thesis truthfully 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 and find out what it is and find out where it fits for me um i you know obviously have to do a lot of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i have actually never become aware of that i get a big ego and i’m like how could i not have become aware of that but i have it and in some way it gets noted and there are most likely lots of other individuals saying the very same things about cryptos that i know a lot about because i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a few ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn about and like to purchase what do i like to purchase do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to invest in some that are simply just purely 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 earned money on dogecoin that’s terrific 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 should not because there are a great deal of people that have done well i choose not to do that one because they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here since what will occur is i’ll never ever sleep again and again from an emotional perspective i don’t want that i i attempt to learn a fair bit about the ones that i’m interested in or discover you know discover why i might be interested why they may have value and honestly male it simply takes a lot of education the other thing i’ll say about that real rapidly is you hear a lot of individuals who do not understand a lot about crypto or or are truly versus it saying saying i don’t understand how there can be all these cryptocurrencies one of 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 specific 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 alright if eth is the currency of the ethereum network so there’s a whole 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 finance and part of the reason is because i’ve been in financing for so long and i know where the ineffectiveness are and i understand if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be great the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective running on dollars operating 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 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 enter into them so i got to determine 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 indicate that whatever else is going to go away i suggest my feeling is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin integrating together and that’s where you’re going to see a good deal of this worth so there’s a lot money in the traditional financing system that’s going to make its way into what we currently 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 simply a it’s basically a database in a network you get educated and again as soon as 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 exclusively broadcast for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our 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 special invitations to irl yes reality etoro events be sure to check out the description for any promotional offers and to learn more about our remarkable visitors i’ll see you in etoro us’s club Etoro Vs Schwab Vs Vanguard.