There’s all these new cryptos is constantly flooding in…Ledger S And Etoro… i suggest how do you make 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 discover the the really essentials here’s how bitcoin works and and we talk to a great deal of once again monetary advisors here’s simply how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain innovation you comprehend transparency and immutability and all those things and then you begin to get into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies a few of them are actually simply there to attempt to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering into it which originates from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to invest in anything just because i saw some man 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 find out where it fits for me um i you understand of course need to do a 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 brand-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’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 tons of other people saying the exact same features of cryptos that i know a lot about because i i tend to 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 ways one is i attempt to inform myself as much as possible and then have an idea of what i like to learn about and like to invest in what do i like to buy do i like to buy the ones that have some sort of capital or liquidity protocol 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 know a great deal of people earned money on shiba inu i understand a lot of individuals 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 anyone they ought to or they shouldn’t because there are a lot of individuals that have actually done well i pick not to do that one due to the fact that they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i try to learn quite a bit about the ones that i have an interest in or discover you know learn why i might be interested why they might have worth and truthfully man it simply takes a lot 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 truly versus it stating saying i do not comprehend how there can be all these cryptocurrencies one of 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 many 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 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 needs 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 an opinion i’m a big defy guy i love decentralized financing and part of the factor is due to the fact that i have actually been in finance for so long and i understand where the inadequacies are and i know if we can take a few of those inadequacies out of the system and we can use blockchain innovation to do it that would be great the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really effective 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 fact to the assertion that since 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 viewpoint start to start to swallow up the traditional monetary system and i do not mean that whatever else is going to disappear i suggest my feeling is banks and the crypto that the procedures and whatever are going to start collaborating they’re going to start integrating together and that’s where you’re going to see a great deal of this worth so there’s so much cash in the standard 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 just going to be called the financial system because it’s simply a it’s essentially a database in a network you get informed and again when you get informed have an 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 directly interact 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 bunch of benefits such as an etoro swag bag exclusive access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make certain to check out the description for any marketing offers and to find out more about our remarkable guests i’ll see you in etoro us’s club Ledger S And Etoro.