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There’s all these new cryptos is continuously flooding in…St√∂Rung Bei Etoro… i suggest how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the very fundamentals here’s how bitcoin works and and we talk to a great deal of once again financial consultants here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these new tokens all these brand-new cryptocurrencies a few of them are literally just there to attempt 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 it which originates from education understanding and once again going back to an investment thesis honestly and stating 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 learn where it fits for me um i you know of course have to do a great deal of research study i can’t keep up 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’ve never even i can’t think i have actually never become aware of that i get a big ego and i resemble how could i not have become aware of that however i have it and in some way it gets listed and there are probably lots of other people saying the same features of cryptos that i know a lot about due to the fact that i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the way 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 an idea of what i like to find out about and like to buy what do i like to buy do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to buy some that are simply simply purely you understand pumps like pump schemes or something i know a lot of people earned money on shiba inu i know a great deal of people made money on dogecoin that’s great to hear i don’t want to do that that that’s not me i select not to and i’m not telling anyone they need to or they should not because there are a great deal of people that have actually succeeded i select not to do that one due to the fact that they’re they trade keep in mind 24 7 365.

 

 

i don’t wish to go to bed one night and i’m up here and get up and i’m down here since what will happen is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i attempt to find out quite a bit about the ones that i have an interest in or discover you know learn why i might be interested why they may have worth and truthfully guy it simply takes a great deal of education the other thing i’ll say about that real rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are actually against it saying saying 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 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 instance is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states financial network okay if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it requires to have its own currency to operate efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy man i love decentralized finance and part of the factor is due to the fact that i’ve been in finance for so long and i know where the ineffectiveness are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain innovation to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be actually effective working on dollars operating 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 very much fact 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 find out which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the traditional financial system and i don’t imply that everything else is going to disappear i mean my sensation is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start incorporating together which’s where you’re going to see a lot of this worth so there’s so much money in the traditional financing 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 eventually it’s simply going to be called the financial system since it’s just a it’s basically 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 buy here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly connect with our guests utilizing a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro boodle bag special access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro occasions be sure to have a look at the description for any promotional offers and to get more information about our incredible guests i’ll see you in etoro us’s club St√∂Rung Bei Etoro.