There’s all these brand-new cryptos is constantly flooding in…Etoro Zu Commerzbank… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk to a lot of once again financial consultants here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending 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 performance it’s just we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re getting into it and that comes from education understanding and once again returning to an investment thesis honestly and saying i’m not going to buy anything just because i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and discover where it fits for me um i you know 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 every week i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t believe i have actually never ever heard of that i get a big ego and i resemble how could i not have actually heard of that but i have it and somehow it gets noted and there are most likely lots of other individuals saying the very same things about cryptos that i understand a lot about because i i tend to take a look at a great deal of defy things i tend to look a great deal of those tokens so the the method i take a look at it is one there are a couple of ways one is i try to inform myself as much as possible and then have a concept of what i like to find out about and like to buy what do i like to invest in 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 understand pumps like pump plans or something i understand a great deal of people generated income on shiba inu i understand a great deal of people generated income on dogecoin that’s excellent 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 must or they shouldn’t because there are a lot of individuals 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 wish to go to sleep one night and i’m up here and awaken and i’m down here since what will happen is i’ll never sleep again and again from an emotional perspective i do not desire that i i attempt to learn a fair bit about the ones that i’m interested in or learn you understand discover why i might be interested why they may have worth and honestly male it just takes a lot of education the other thing i’ll say about that genuine quickly is you hear a lot of people who do not comprehend a lot about crypto or or are actually versus it stating stating i don’t 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 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 financial 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 efficiently so it so if we feel and and look this this enters into a little bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is due to the fact that i have actually been in financing for so long and i understand where the inefficiencies are and i know if we can take some of those ineffectiveness 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 efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient 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 because there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to once again in my viewpoint start to start to engulf the conventional financial system and i do not suggest that whatever else is going to go away i suggest my sensation is banks and the crypto that the procedures and everything are going to start interacting they’re going to begin incorporating together and that’s where you’re going to see a lot of this value so there’s so much money in the conventional 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 since it’s simply a it’s basically a database in a network you get educated and once again once you get educated have a financial 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 connect with our guests using a q a and anybody or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events be sure to have a look at the description for any marketing deals and to get more information about our incredible visitors i’ll see you in etoro us’s club Etoro Zu Commerzbank.