There’s all these new cryptos is continuously flooding in…Etoro Was Passiert Bei Gesamtverlust… i imply how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you learn the the very fundamentals here’s how bitcoin works and and we speak with a lot of again monetary consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are literally just 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 once again returning to a financial investment thesis honestly and saying i’m not going to buy 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 learn what it is and find out where it fits for me um i you know naturally need to do a lot of research study i can’t keep up 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 think i have actually never ever become aware of that i get a big ego and i resemble how might i not have heard of that but i have it and somehow it gets noted and there are most likely tons of other people saying the very same things about cryptos that i understand a lot about because 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 take a look at it is one there are a few ways one is i attempt to inform myself as much as possible and after that have a concept of what i like to find out about and like to invest in what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i do not like to purchase some that are just simply simply you understand pumps like pump schemes or something i know a lot of people made money on shiba inu i understand a lot of individuals generated income on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anyone they ought to or they shouldn’t because there are a great deal of people that have succeeded i select not to do that a person 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 wake up and i’m down here since what will occur is i’ll never sleep again and again from an emotional standpoint i do not desire that i i try to learn a fair bit about the ones that i have an interest in or learn you understand learn why i might be interested why they might have worth and truthfully man it just takes a lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly against it stating saying i don’t comprehend how there can be all these cryptocurrencies among them has 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 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 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 needs 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 guy i love decentralized finance and part of the factor is since i’ve been in finance for so long and i understand where the inefficiencies are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be terrific the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective working on dollars operating 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 since there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my viewpoint start to begin to swallow up the standard financial system and i do not suggest that whatever else is going to disappear i mean my sensation is banks and the crypto that the procedures and everything are going to begin working together they’re going to start integrating together which’s where you’re visiting a great deal of this value so there’s so much cash in the standard 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 simply going to be called the monetary system due to the fact that it’s just a it’s basically a database in a network you get informed and once again as soon as you get educated have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight engage with our visitors using a q a and anyone or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and unique invites to irl yes reality etoro events make sure to check out the description for any advertising deals and for more information about our remarkable guests i’ll see you in etoro us’s club Etoro Was Passiert Bei Gesamtverlust.