There’s all these new cryptos is continuously flooding in…Handelt Etoro Software Automatisch… i suggest how do you finish with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the really basics here’s how bitcoin works and and we talk with a lot of once again financial consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and after that you begin to enter into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering into it and that comes from education understanding and once again returning to a financial investment thesis honestly and stating i’m not going to purchase anything even if 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 discover what it is and discover where it fits for me um i you know obviously need to do a great deal of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i have actually never ever become aware of that i get a big ego and i’m like how could i not have become aware of that however i have it and somehow it gets listed and there are most likely lots of other individuals saying the exact same things about cryptos that i understand a lot about due to the fact that i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the way i take a look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and then have a concept of what i like to learn about and like to purchase what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to invest in some that are simply simply simply you understand pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i understand a great deal of people made money on dogecoin that’s great to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone they must or they shouldn’t because there are a great deal 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 wish to go to bed one night and i’m up here and wake up and i’m down here due to the fact that what will occur is i’ll never ever sleep again and again from a psychological standpoint i do not desire that i i attempt to learn a fair bit about the ones that i have an interest in or discover you know learn why i might be interested why they might have value and honestly man it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of people who do not comprehend a lot about crypto or or are really versus it stating saying i do not comprehend how there can be all these cryptocurrencies one of them needs 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 a number 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 okay if eth is the currency of the ethereum network so there’s a whole network there and it needs to have his own it it needs to have its own currency to operate effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a huge defy person i love decentralized financing and part of the reason is because i’ve been in finance for so long and i understand where the inefficiencies are and i understand if we can take a few of those inadequacies out of the system and we can use blockchain technology to do it that would be fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually effective working on dollars operating 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 very much reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 again in my opinion start to begin to engulf the conventional monetary system and i don’t suggest that whatever else is going to go away i mean my feeling is banks and the crypto that the procedures and everything are going to begin working together they’re going to begin incorporating together and that’s where you’re visiting a great deal of this worth so there’s so much cash in the traditional 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 eventually it’s simply going to be called the monetary system because it’s just a it’s essentially a database in a network you get educated and again when 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 communicate with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro swag bag unique 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 membership of the wall street journal delta pro and unique invites to irl yes real life etoro occasions make certain to take a look at the description for any promotional deals and to read more about our fantastic guests i’ll see you in etoro us’s club Handelt Etoro Software Automatisch.