There’s all these brand-new cryptos is constantly flooding in…Etoro Weiterempfehlen… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you learn the the really essentials here’s how bitcoin works and and we speak with a lot of once again monetary advisors here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to enter into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you get into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the price today that’s the only reason you’re entering into it which comes from education understanding and once again going back 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 find out what it is and find out where it suitables for me um i you know of course have 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 weekly i see a brand-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 ever heard of that i get a huge ego and i’m like how might i not have become aware of that however i have it and in some way it gets listed and there are probably lots of other individuals stating the exact same features of 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 lot 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 discover 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 procedure or something like that so comprehending those i don’t like to invest in some that are simply simply purely you know pumps like pump plans or something i understand a great deal of individuals earned money on shiba inu i know a great deal of people earned money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i select not to and i’m not telling anybody they ought to or they shouldn’t because there are a lot of individuals that have done well i pick not to do that a person due to the fact that they’re they trade remember 24 7 365.
i don’t want to go to sleep one night and i’m up here and awaken and i’m down here because what will occur is i’ll never ever sleep again and again from a psychological perspective i do not desire that i i try to find out 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 value and honestly guy it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually against it saying saying i do not 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 a lot 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 all right 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 work efficiently so it so if we feel and and look this this enters a bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is because i’ve remained in financing for so long and i understand where the inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be excellent 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 running on dollars working on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient 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 minimal 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 viewpoint start to begin to swallow up the traditional monetary system and i don’t imply that whatever else is going to go away i mean my sensation is banks and the crypto that the protocols and everything are going to start collaborating they’re going to begin incorporating together which’s where you’re going to see a lot of this worth 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
What’s bad about eToro? Etoro Weiterempfehlen
Defi system and eventually it’s just going to be called the monetary system since it’s simply a it’s basically a database in a network you get educated and again once you get informed have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly interact with our guests using a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes real life etoro events make sure to take a look at the description for any advertising deals and to get more information about our incredible guests i’ll see you in etoro us’s club Etoro Weiterempfehlen.