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There’s all these new cryptos is continuously flooding in…Sl Tp Etoro… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you learn the the extremely fundamentals here’s how bitcoin works and and we speak to a great deal of once again monetary consultants here’s simply how bitcoin works and once you comprehend bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally just there to try to where they have no performance it’s just we hope

that the price tomorrow is higher than the rate today that’s the only reason you’re entering it and that comes from education understanding and once again returning to an 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 somebody pumping it on twitter i’m going to do my research study and discover what it is and discover where it fits for me um i you know naturally need to do a great deal of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh weekly i see a new one being noted on some exchange and i’m and i go i have actually never even i can’t believe i’ve never heard of that i get a huge ego and i’m like how could i not have become aware of that but i have it and in some way it gets listed and there are most likely lots of other people saying the same features of cryptos that i understand a lot about since i i tend to take a look at a lot 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 few ways one is i attempt to inform myself as much as possible and after that 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 cash flow or liquidity protocol or something like that so understanding those i do not like to purchase some that are just just purely you know pumps like pump schemes or something i understand a lot of people earned money on shiba inu i know a great deal of people earned money on dogecoin that’s excellent to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they must or they shouldn’t because there are a lot of individuals that have done well i pick not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.

 

 

i don’t wish to go to sleep one night and i’m up here and awaken and i’m down here due to the fact that what will take place is i’ll never ever sleep again and again from an emotional perspective i do not want that i i try to discover quite a bit about the ones that i’m interested in or learn you understand find out why i might be interested why they might have value and truthfully guy it simply takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are really against it saying 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 a number of them can exist on their own a number of them are a currency that is for a specific 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 fine 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 operate effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy person i love decentralized financing and part of the reason is due to the fact that i’ve remained in financing for so long and i know where the ineffectiveness are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be terrific the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be really efficient operating 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 because there’s all these cryptocurrencies there’s a minimal 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 once again in my opinion start to start to swallow up the standard monetary system and i don’t suggest that everything else is going to disappear i suggest my feeling is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin incorporating together and that’s where you’re visiting a good deal of this value so there’s a lot money in the conventional finance system that’s going to make its way into what we presently 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 simply a it’s essentially a database in a network you get educated and once again once you get informed 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 exclusively transmitted for etoro us club members our webinars let members directly connect with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag exclusive access to our month-to-month webinars quarterly market reports and a devoted account supervisor 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 sure to check out the description for any advertising deals and to read more about our fantastic guests i’ll see you in etoro us’s club Sl Tp Etoro.