There’s all these new cryptos is constantly flooding in…Anlage Kap Inv Etoro… i indicate 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 discover the the extremely essentials here’s how bitcoin works and and we speak to a lot of once again monetary consultants here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and then you begin to get into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re entering into it which originates from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to invest in anything just because 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 find out what it is and learn where it suitables for me um i you know obviously 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 each week i see a 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 heard of that i get a huge ego and i’m like how might i not have heard of that but i have it and somehow it gets listed and there are most likely lots of other people stating the very same aspects of cryptos that i know a lot about because i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the method 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 an idea of what i like to learn more about and like to invest in what do i like to purchase 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 buy some that are simply simply purely you know pumps like pump schemes or something i know a lot of individuals earned money on shiba inu i understand a great deal of individuals made money on dogecoin that’s terrific to hear i do not want to do that that that’s not me i pick not to and i’m not telling anybody they ought to or they should not because there are a lot of people that have succeeded i pick not to do that one because they’re they trade keep in mind 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 due to the fact that what will take place is i’ll never ever sleep again and again from a psychological viewpoint i don’t desire that i i attempt to find out 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 male it simply takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are actually versus it saying saying i don’t understand how there can be all these cryptocurrencies among them needs to win however 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 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 all right if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 little bit of a viewpoint i’m a big defy man i love decentralized finance and part of the factor is because i have actually remained in financing for so long and i understand where the inefficiencies are and i understand if we can take a few of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be fantastic the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be really 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 because there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to enter 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 traditional monetary system and i don’t indicate that whatever else is going to go away i imply my sensation is banks and the crypto that the procedures and everything are going to start interacting they’re going to begin integrating together which’s where you’re going to see a lot of this value so there’s so much money in the standard 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 eventually it’s just going to be called the financial system since it’s just a it’s essentially a database in a network you get educated and again as soon as you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members straight connect with our guests utilizing a q a and any person or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag special access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro occasions be sure to have a look at the description for any promotional deals and to find out more about our remarkable guests i’ll see you in etoro us’s club Anlage Kap Inv Etoro.