There’s all these new cryptos is constantly flooding in…Is Etoro Just Cfd… i imply how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the very basics 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 comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you begin to enter 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 comes from understanding how bitcoin functions then you enter that you know all these new tokens all these new cryptocurrencies some of them are literally simply there to try to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the price today that’s the only reason you’re entering into it which originates from education understanding and again returning to an investment thesis truthfully and stating i’m not going to invest in 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 study and find out what it is and discover where it suitables for me um i you know of course have to do a whole lot of research i can’t keep up 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’ve never ever even i can’t believe i have actually never ever become aware of that i get a huge ego and i resemble how could i not have become aware of that but i have it and somehow it gets noted and there are most likely tons of other people stating the same features of cryptos that i know a lot about because i i tend to take a look at a lot 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 ways 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 invest in do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to buy some that are simply just simply you understand pumps like pump plans or something i understand a great deal of people made money on shiba inu i know a lot of people earned money on dogecoin that’s great to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they must or they should not because there are a lot of people that have succeeded i select not to do that a person because 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 since what will happen is i’ll never sleep again and again from an emotional standpoint i don’t want that i i try to discover quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have value and truthfully man it just takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are really versus it saying stating 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 lot of them can exist on their own a lot 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 all right 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 requires to have its own currency to operate effectively so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a big defy guy i love decentralized financing and part of the reason is since i’ve remained in financing for so long and i understand where the ineffectiveness 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 fantastic the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective working on dollars operating 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 very much fact to the assertion that since there’s all these cryptocurrencies there’s a restricted 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 opinion start to begin to engulf the standard financial system and i do not indicate that everything else is going to go away i imply my feeling is banks and the crypto that the protocols and everything are going to begin working together they’re going to start integrating together and that’s where you’re visiting a great deal of this value so there’s so much money in the conventional financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and eventually it’s just going to be called the financial system due to the fact that it’s simply a it’s essentially a database in a network you get educated 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 exclusively relayed for etoro us club members our webinars let members straight engage 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 benefits such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro events be sure to check out the description for any marketing offers and to find out more about our amazing guests i’ll see you in etoro us’s club Is Etoro Just Cfd.