There’s all these new cryptos is continuously flooding in…Fabian Marco Etoro… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you discover the the very basics here’s how bitcoin works and and we talk to a lot of again monetary consultants here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and then you begin to enter what is the 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 functionality it’s simply we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re getting into it and that originates from education understanding and once again returning to an investment thesis honestly and stating i’m not going to purchase anything just because i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and discover what it is and discover where it fits for me um i you understand naturally need to do a great deal 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 new one being noted on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever heard of that i get a huge ego and i resemble how might i not have heard of that but i have it and somehow it gets listed and there are probably tons of other individuals saying the same things about cryptos that i understand a lot about since i i tend to look at a lot of defy things 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 ways one is i try to inform myself as much as possible and then have a concept of what i like to discover and like to invest in what do i like to buy 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 buy some that are just simply purely you understand pumps like pump plans or something i know a great deal of people earned money on shiba inu i know a great deal of people earned money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i pick 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 select not to do that one since they’re they trade remember 24 7 365.
i don’t want to go to sleep one night and i’m up here and get up and i’m down here because what will happen is i’ll never sleep again and again from an emotional standpoint i do not want that i i try to find out quite a bit about the ones that i have an interest in or discover you understand find out why i might be interested why they may have worth and truthfully guy it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a great deal of individuals who don’t understand a lot about crypto or or are really versus it saying saying i don’t comprehend how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or a number 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 fine 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 work effectively so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy man i love decentralized financing and part of the reason is since i have actually remained in financing for so long and i understand where the inadequacies are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be fantastic the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective working on dollars running on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite truth to the assertion that since there’s all these cryptocurrencies there’s a minimal 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 viewpoint start to start to engulf the standard monetary system and i don’t imply that whatever else is going to disappear i indicate my feeling is banks and the crypto that the protocols and whatever are going to begin working together they’re going to begin incorporating together and that’s where you’re going to see a lot of this worth so there’s a lot cash in the traditional finance system that’s going to make its way into what we currently call the crypto system or the
What’s bad about eToro? Fabian Marco Etoro
Defi system and ultimately it’s simply going to be called the monetary system since it’s simply a it’s essentially a database in a network you get informed and once again once you get educated have an investment thesis here’s what i like to buy here’s what i do not 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 bunch of advantages such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions make sure to check out the description for any marketing offers and for more information about our amazing visitors i’ll see you in etoro us’s club Fabian Marco Etoro.