There’s all these new cryptos is continuously flooding in…Polentix Cryptocurrency Trading… i indicate how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you learn the the extremely basics here’s how bitcoin works and and we talk to a great deal of once again monetary consultants here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you start to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are actually simply there to try to where they have no performance it’s just we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re getting into it which originates from education understanding and once again returning to an investment thesis honestly and saying i’m not going to buy anything even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and learn what it is and find out where it suitables for me um i you understand of course have to do a lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i’ve never become aware of that i get a big ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets noted and there are most likely tons of other individuals stating the exact same aspects of cryptos that i understand a lot about since i i tend to take a look at a great deal of defy things i tend to look a great deal of those tokens so the the way i look at it is one there are a couple of ways one is i try to educate myself as much as possible and then have a concept of what i like to discover and like to invest in what do i like to invest in do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to buy some that are just just simply you know pumps like pump schemes or something i know a great deal of individuals earned money on shiba inu i understand a lot of individuals earned money on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anyone they ought to or they should not because there are a lot of individuals that have actually succeeded i pick not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and wake up and i’m down here since what will occur is i’ll never sleep again and again from a psychological perspective i do not want that i i try to learn a fair bit about the ones that i’m interested in or learn you know find out why i might be interested why they might have value and honestly male it just takes a lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who do not understand a lot about crypto or or are truly versus it saying stating i don’t understand 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 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 needs to have his own it it needs to have its own currency to work efficiently so it so if we feel and and look this this enters a little bit of an opinion i’m a big defy man i love decentralized financing and part of the reason is because i’ve remained in financing for so long and i know where the inadequacies are and i know if we can take a few of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be great the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be really effective running on dollars running on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not quite truth to the assertion that since there’s all these cryptocurrencies there’s a limited 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 again in my viewpoint start to start to swallow up the conventional monetary system and i do not suggest 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 collaborating they’re going to start integrating together which’s where you’re visiting a great deal of this worth so there’s so much cash in the traditional 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 ultimately it’s simply going to be called the monetary system since it’s simply a it’s essentially a database in a network you get informed and once again when 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 directly interact with our guests using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invites to irl yes real life etoro occasions make certain to take a look at the description for any advertising deals and to read more about our fantastic visitors i’ll see you in etoro us’s club Polentix Cryptocurrency Trading.