There’s all these new cryptos is constantly flooding in…Is There Margin Trading On Etoro Pro… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that honestly is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we talk with a lot of once again financial consultants here’s simply how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you begin to enter what is the financial 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 that you understand all these brand-new tokens all these brand-new cryptocurrencies some of them are actually just there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only factor you’re entering into it and that comes from education understanding and again returning to an investment thesis truthfully 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 learn where it suitables for me um i you know naturally need 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 listed on some exchange and i’m and i go i have actually never even i can’t think i have actually never ever become aware of that i get a big ego and i’m like how might i not have actually heard of that but i have it and somehow it gets noted and there are most likely tons of other individuals stating the exact same things about cryptos that i know a lot about due to the fact that i i tend to look at a lot 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 few methods one is i try to inform myself as much as possible and then have an idea of what i like to discover and like to buy what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to invest in some that are just simply simply you understand pumps like pump schemes or something i understand a great deal of people generated income on shiba inu i know a lot of people generated income on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anybody they ought to 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 since what will occur is i’ll never sleep again and again from a psychological standpoint i don’t desire that i i try to find out a fair bit about the ones that i’m interested in or learn you know learn why i might be interested why they may have value and honestly man it simply takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are truly versus it stating 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 lot 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 financial network okay 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 operate efficiently 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 factor is because i have actually been in finance for so long and i know where the inadequacies are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually efficient working on dollars working 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 quite reality to the assertion that because there’s all these cryptocurrencies there’s a limited 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 again in my opinion start to start to engulf the traditional monetary system and i do not indicate 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 collaborating they’re going to begin integrating together which’s where you’re visiting a great deal of this worth so there’s a lot money in the conventional finance system that’s going to make its method into what we currently call the crypto system or the
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Defi system and eventually it’s simply going to be called the monetary system due to the fact that it’s simply a it’s basically a database in a network you get educated and again once you get educated have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members straight interact with our guests utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro occasions make certain to have a look at the description for any promotional deals and to read more about our fantastic visitors i’ll see you in etoro us’s club Is There Margin Trading On Etoro Pro.