There’s all these brand-new cryptos is continuously flooding in…Wer Kennt Etoro… i mean how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you find out the the very basics here’s how bitcoin works and and we talk with a great deal of once again monetary advisors here’s simply how bitcoin works and once you comprehend bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and after that you start to get into what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the cost today that’s the only factor you’re getting into it which comes from education understanding and again going back to a financial investment thesis honestly and saying i’m not going to purchase anything even if i saw some dude 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 suitables for me um i you understand obviously need to do a great deal of research study 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 new one being noted on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never become aware of that i get a big ego and i’m like how could i not have heard of that but i have it and somehow it gets noted and there are most likely lots of other individuals saying the same things about cryptos that i understand a lot about because i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i look at it is one there are a couple of methods one is i try to inform myself as much as possible and after that have a concept of what i like to find out about and like to invest in 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 comprehending those i don’t like to purchase some that are simply simply purely you know pumps like pump schemes or something i know a lot of people made money on shiba inu i understand a great deal of people made money on dogecoin that’s fantastic 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 should or they should not because there are a lot of people that have done well i pick not to do that one due to the fact that they’re they trade remember 24 7 365.
i don’t want 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 a psychological standpoint i don’t desire that i i try to learn a fair bit about the ones that i’m interested in or discover you know find out why i might be interested why they may have worth and honestly man it just takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who do not understand a lot about crypto or or are really against it saying stating i do not comprehend how there can be all these cryptocurrencies one of them has to win however that’s that’s not the case they are all they they can or a number of them can exist on their own many of them are a currency that is for a particular 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 financial network okay 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 function efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the reason is since i’ve been in finance for so long and i understand where the ineffectiveness are and i know if we can take some of those inefficiencies 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 efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective running on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not very much reality to the assertion that since 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 again in my viewpoint start to begin to swallow up the traditional financial system and i do not mean that everything else is going to disappear i suggest my feeling is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to start incorporating together and that’s where you’re visiting a great deal of this worth 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 eventually it’s simply going to be called the financial system because it’s simply a it’s basically a database in a network you get informed and again when you get informed have an investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members straight connect with our visitors utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions make certain to check out the description for any promotional deals and for more information about our amazing visitors i’ll see you in etoro us’s club Wer Kennt Etoro.