There’s all these brand-new cryptos is constantly flooding in…Plataforma Etoro… i suggest how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the extremely essentials here’s how bitcoin works and and we talk with a lot of once again financial consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you understand 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 game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you get into that you know all these new tokens all these brand-new cryptocurrencies some of them are actually just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering it and that comes from education understanding and once again returning to a financial investment thesis truthfully and stating i’m not going to buy 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 study and find out what it is and discover where it suitables for me um i you know of course have to do a 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’ve never ever become aware of that i get a big ego and i’m like how might i not have actually become aware of that but i have it and somehow it gets listed and there are probably tons of other people saying the very same features of cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i take a look at it is one there are a few 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 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 understanding those i don’t like to invest in some that are just simply simply you know pumps like pump schemes or something i understand a great deal of individuals made money on shiba inu i know a great deal of people generated income on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anyone they should or they should not because there are a lot of individuals that have done well i select not to do that one since they’re they trade remember 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 happen is i’ll never ever sleep again and again from a psychological viewpoint i do not want that i i attempt to learn a fair bit about the ones that i have an interest in or discover you understand find out why i might be interested why they might have value and honestly man it just takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who do not understand a lot about crypto or or are truly versus it saying stating i do not 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 many of them can exist on their own a number of them are a currency that is for a particular 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 alright 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 needs to have its own currency to work 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 man i love decentralized finance and part of the reason is because i have actually remained in financing for so long and i know where the inefficiencies are and i know 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 terrific the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient 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 truth to the assertion that because there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my opinion start to begin to engulf the standard financial system and i do not indicate that whatever else is going to disappear i suggest my feeling is banks and the crypto that the protocols and whatever are going to begin interacting they’re going to start incorporating together which’s where you’re going to see a lot of this worth so there’s a lot money in the conventional finance system that’s going to make its method into what we presently 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 just a it’s basically a database in a network you get educated and once again as soon as you get educated have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight communicate with our guests using a q a and anybody or you can join etoro club and u.s club members get a bunch of perks 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 likewise get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro events make sure to have a look at the description for any marketing offers and to read more about our amazing guests i’ll see you in etoro us’s club Plataforma Etoro.