There’s all these new cryptos is continuously flooding in…Wie Finanziert Sich Etoro… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you discover the the very essentials here’s how bitcoin works and and we speak with a great deal of again monetary consultants here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you get into that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are literally simply there to try to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering it which originates from education understanding and again going back to an investment thesis truthfully 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 find out what it is and discover where it suitables for me um i you understand of course need to do a whole lot of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a 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 ever become aware of that i get a huge ego and i resemble how might i not have become aware of that however i have it and somehow it gets listed and there are probably lots of other people saying the very same things about cryptos that i know a lot about because 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 educate myself as much as possible and then have a concept of what i like to learn more about and like to buy what do i like to buy 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 do not like to purchase some that are just simply simply you understand pumps like pump schemes or something i know a great deal of individuals earned money on shiba inu i know a lot of individuals made money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they must or they should not because there are a lot of people that have done well i select not to do that one because 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 wake up and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional viewpoint i do not desire that i i attempt to learn a fair bit about the ones that i have an interest in or learn you understand discover why i might be interested why they may have value and honestly guy it just takes a lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of people who do not understand a lot about crypto or or are truly versus it stating saying i don’t 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 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 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 efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy man i love decentralized financing and part of the reason is since i have actually remained in financing for so long and i understand where the inefficiencies are and i know if we can take a few of those inadequacies out of the system and we can use blockchain technology to do it that would be fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient operating on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite 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 find out which one’s going to be the winner it is going to again in my viewpoint start to start to swallow up the standard financial system and i don’t suggest that everything else is going to disappear i suggest my sensation is banks and the crypto that the protocols and whatever are going to begin collaborating they’re going to begin incorporating together which’s where you’re going to see a lot of this value so there’s so much cash in the standard financing system that’s going to make its way into what we currently call the crypto system or the
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Defi system and eventually it’s just going to be called the financial system since it’s simply a it’s essentially a database in a network you get informed and again once you get educated have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight communicate with our guests using 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 devoted account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make sure to check out the description for any promotional offers and to find out more about our fantastic guests i’ll see you in etoro us’s club Wie Finanziert Sich Etoro.