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There’s all these brand-new cryptos is continuously flooding in…O Que √© Etoro… i suggest how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk with a lot of again financial consultants here’s just how bitcoin works and as soon as you understand 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 financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you get into that you understand all these new tokens all these new cryptocurrencies a few of them are actually simply there to try to where they have no functionality it’s just we hope

that the rate tomorrow is higher than the price today that’s the only factor you’re entering into it and that comes from education understanding and again returning to a financial investment thesis honestly and stating i’m not going to invest in anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and discover where it suitables for me um i you understand of course have to do a whole lot of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t believe i’ve never heard of that i get a huge ego and i resemble how might i not have become aware of that however i have it and in some way it gets noted and there are probably lots of other people stating the very same aspects of cryptos that i know a lot about because i i tend to look at a lot 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 methods one is i attempt to educate myself as much as possible and then have a concept of what i like to learn more about and like to invest in what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to purchase some that are simply simply purely you understand pumps like pump schemes or something i know a lot of individuals generated income on shiba inu i understand a great deal of individuals generated income on dogecoin that’s fantastic 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 should or they shouldn’t because there are a lot of individuals that have done well i choose not to do that a person because they’re they trade keep in mind 24 7 365.

 

 

i do not want to go to sleep one night and i’m up here and get up and i’m down here because what will occur is i’ll never ever sleep again and again from a psychological perspective i don’t desire that i i try to discover a fair bit about the ones that i have an interest in or learn you understand learn why i might be interested why they might have value and truthfully man it just takes a great deal of education the other thing i’ll state about that genuine rapidly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are really against it saying saying i don’t comprehend how there can be all these cryptocurrencies among 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 example is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states economic network okay if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it requires to have its own currency to work effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the factor is because i’ve remained in finance for so long and i know where the ineffectiveness 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 technology is not effective without the currency that runs the network you can’t have the blockchain technology be truly 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 very much reality to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity 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 once again in my viewpoint start to start to engulf the standard monetary system and i do not mean that everything else is going to disappear i imply my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin incorporating together and that’s where you’re visiting a great deal of this value so there’s a lot cash in the standard financing 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 since it’s simply a it’s essentially a database in a network you get informed and again as soon as you get informed have a financial investment thesis here’s what i like to invest in 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 interact 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 advantages such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro occasions be sure to check out the description for any promotional deals and to get more information about our remarkable guests i’ll see you in etoro us’s club O Que √© Etoro.