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There’s all these brand-new cryptos is continuously flooding in…Guida Etoro Italiano… 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 discover the the really basics here’s how bitcoin works and and we speak to a lot of again monetary consultants here’s simply how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you start to enter into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies some of them are actually simply there to try to where they have no functionality it’s simply we hope

that the rate tomorrow is higher than the price today that’s the only factor you’re getting into it and that originates from education understanding and once again going back to a financial investment thesis truthfully and saying i’m not going to invest in anything even if i saw some dude 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 understand obviously need to do a whole lot of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week 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 think i’ve never become aware of that i get a big ego and i resemble how could i not have heard of that but i have it and in some way it gets listed and there are probably tons of other people saying the same aspects of cryptos that i understand 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 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 learn more about and like to buy what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to invest in some that are just just simply you know pumps like pump schemes or something i know a great deal of people earned money on shiba inu i know a great deal of individuals earned money on dogecoin that’s great to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they need to or they shouldn’t because there are a lot of people that have succeeded i choose not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.

 

 

i don’t wish to go to bed one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from a psychological perspective i don’t want that i i try to discover quite a bit about the ones that i’m interested in or discover you know learn why i might be interested why they may have value and honestly guy it simply takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of people who don’t understand a lot about crypto or or are truly versus it saying stating i don’t comprehend how there can be all these cryptocurrencies among them needs to win however 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 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 requires to have its own currency to work effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the reason is since i’ve been in financing for so long and i know where the inefficiencies are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective working on dollars working on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not very much reality to the assertion that since there’s all these cryptocurrencies there’s a restricted 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 swallow up the standard financial system and i don’t suggest that everything else is going to disappear i indicate my sensation is banks and the crypto that the procedures and everything are going to begin interacting they’re going to begin incorporating together which’s where you’re going to see a great deal of this value so there’s a lot money in the traditional financing 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 financial system because it’s just a it’s basically a database in a network you get educated and once again when you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar solely broadcast for etoro us club members our webinars let members straight interact with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted 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 occasions be sure to take a look at the description for any advertising offers and for more information about our amazing visitors i’ll see you in etoro us’s club Guida Etoro Italiano.