There’s all these new cryptos is constantly flooding in…Robinhood Todays Return Vs Total Return… i suggest how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you find out the the extremely fundamentals here’s how bitcoin works and and we talk with a great deal of again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you start to enter 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 comes from comprehending how bitcoin functions then you enter that you know all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering into it and that originates from education understanding and again returning to an investment thesis truthfully and saying i’m not going to invest in anything just because 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 discover where it suitables for me um i you understand naturally have to do a great deal of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-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 huge ego and i’m like how could i not have actually become aware of that however i have it and somehow it gets listed and there are most likely tons of other individuals stating the very same aspects of cryptos that i understand a lot about due to the fact that i i tend to look at a great deal 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 couple of ways one is i try to inform myself as much as possible and after that have a concept of what i like to discover and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to invest in some that are just simply purely you understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i know a great deal of individuals made money on dogecoin that’s great to hear i do not wish to do that that that’s not me i select not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people that have done well i select not to do that one because 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 because what will occur is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i try to learn quite a bit about the ones that i’m interested in or learn you understand discover why i might be interested why they might have worth and honestly male it simply takes a lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who don’t understand a lot about crypto or or are truly against it stating saying i do not understand how there can be all these cryptocurrencies among them needs 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 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 economic network fine if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it requires to have its own currency to function effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a big defy person i love decentralized financing and part of the reason is because i’ve been in finance for so long and i understand where the ineffectiveness are and i understand if we can take a few of those ineffectiveness 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 efficient running 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 truth 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 figure out which one’s going to be the winner it is going to again in my viewpoint start to begin to engulf the traditional financial system and i don’t imply that everything else is going to go away i indicate my sensation is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to start integrating together which’s where you’re visiting a great deal of this value so there’s so much money in the traditional 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 ultimately it’s just going to be called the financial system because it’s just a it’s essentially a database in a network you get educated and once again as soon as you get educated have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and any person or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro events make sure to check out the description for any marketing offers and to find out more about our remarkable visitors i’ll see you in etoro us’s club Robinhood Todays Return Vs Total Return.