There’s all these new cryptos is continuously flooding in…Has Etoro Ever Been Hacked… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you learn the the really essentials here’s how bitcoin works and and we speak to a lot of once again financial advisors here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and then you start to enter into what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you get into that you understand all these new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re getting into it which originates from education understanding and again returning to a financial investment thesis truthfully and stating 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 study and learn what it is and discover where it fits for me um i you understand obviously need to do a whole lot of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never ever heard of that i get a big 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 lots of other people saying the very same features of cryptos that i know a lot about due to the fact that i i tend to take a look at a great deal of defy things i tend to look a lot of those tokens so the the way i look at it is one there are a couple of methods one is i try to educate 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 purchase do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to buy some that are simply just simply you know pumps like pump schemes or something i know a great deal of people made money on shiba inu i know a lot of people made money on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anyone they ought to or they shouldn’t because there are a lot of individuals that have done well i pick not to do that one since they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here since what will take place is i’ll never sleep again and again from an emotional standpoint i don’t want that i i attempt to learn quite a bit about the ones that i have an interest in or learn you know find out why i might be interested why they may have worth and honestly guy it just takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are actually against it stating saying i do not 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 much 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 alright 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 a viewpoint i’m a huge defy person i love decentralized finance and part of the factor is because i’ve remained in financing for so long and i know where the inefficiencies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain technology to do it that would be great the thing 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 operating 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 quite reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited quantity 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 viewpoint start to start to swallow up the traditional financial system and i do not imply that whatever else is going to go away i imply my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to begin integrating together which’s where you’re going to see a great deal of this worth so there’s a lot cash in the conventional financing system that’s going to make its way into what we currently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the monetary system because it’s simply a it’s basically a database in a network you get informed and once again when you get educated have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly connect with our visitors using a q a and any person or you can sign up with etoro club and u.s club members get a lot 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 likewise 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 marketing offers and to learn more about our incredible guests i’ll see you in etoro us’s club Has Etoro Ever Been Hacked.