There’s all these new cryptos is constantly flooding in…Etoro Wie Lange Dauert Eine Schlie√Üung… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the extremely essentials here’s how bitcoin works and and we talk with a great deal of once again financial advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and after that you begin to get into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies some of them are literally simply there to try to where they have no functionality 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 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 even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and find out where it fits for me um i you understand of course 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 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 have actually never become aware of that i get a huge ego and i resemble how could i not have heard of that however i have it and somehow it gets listed and there are probably tons of other people stating the exact same features of cryptos that i know a lot about because i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a couple of methods one is i try to inform myself as much as possible and after that have a concept of what i like to learn more 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 capital or liquidity procedure or something like that so comprehending those i do not like to buy some that are simply just purely you know pumps like pump plans or something i know a lot of people made money on shiba inu i understand a great deal of individuals made money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they need to or they should not because there are a great deal of individuals that have done well i choose not to do that a person because they’re they trade keep in mind 24 7 365.
i do not wish to go to bed one night and i’m up here and get up and i’m down here because what will take place is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i try to discover a fair bit about the ones that i have an interest in or discover you know find out why i might be interested why they may have worth and truthfully male it simply takes a lot of education the other thing i’ll state about that real rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are really versus it stating saying i do not understand 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 much of them can exist on their own much 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 financial 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 needs to have its own currency to function effectively so it so if we feel and and look this this enters into a little bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is because i’ve been in financing for so long and i know where the inadequacies are and i know 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 great 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 really 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 effective so there is to me not very much truth to the assertion that because there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to start to swallow up the traditional monetary system and i don’t mean that everything else is going to go away i mean my sensation is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to begin integrating together which’s where you’re going to see a great deal of this value so there’s a lot money in the conventional financing 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 ultimately it’s just going to be called the financial system because it’s simply a it’s essentially a database in a network you get informed and once again when you get educated have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight engage with our visitors using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro swag bag special access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro occasions make sure to check out the description for any advertising offers and to learn more about our amazing visitors i’ll see you in etoro us’s club Etoro Wie Lange Dauert Eine Schlie√Üung.