There’s all these new cryptos is continuously flooding in…Bank Negara Malaysia Etoro… i indicate how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the really fundamentals here’s how bitcoin works and and we talk with 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 comprehend openness and immutability and all those things and after that you begin to get into what is the 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 get into that you understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are literally simply 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 factor you’re entering it which comes from education understanding and again returning to an investment thesis honestly and stating i’m not going to purchase 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 learn what it is and discover where it fits for me um i you know naturally have to do a great deal of research study i can’t stay up to date with most likely 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 ever even i can’t believe i’ve never ever heard of that i get a big ego and i resemble how could i not have actually become aware of that however i have it and in some way it gets listed and there are most likely tons of other people stating the exact same things about cryptos that i understand a lot about since i i tend to take a look at a great deal of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a couple of ways one is i try to inform myself as much as possible and then have an idea of what i like to find out about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to invest in some that are simply simply simply you understand pumps like pump schemes or something i know a great deal of people earned money on shiba inu i understand a lot of individuals earned money on dogecoin that’s excellent to hear i do not 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 done well i choose not to do that one due to the fact that they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and wake up and i’m down here due to the fact that what will take place is i’ll never sleep again and again from a psychological viewpoint i don’t want that i i attempt to learn quite a bit about the ones that i have an interest in or learn you understand learn why i might be interested why they might have worth and truthfully guy it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who do not understand a lot about crypto or or are really versus it saying stating 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 much of them can exist on their own a lot 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 economic network all right 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 work effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is due to the fact that i’ve been in financing for so long and i understand where the ineffectiveness are and i know if we can take a few of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be fantastic 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 actually 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 effective so there is to me not very much fact to the assertion that since there’s all these cryptocurrencies there’s a limited quantity 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 opinion start to begin to swallow up the conventional financial system and i don’t mean that everything else is going to disappear i imply my feeling is banks and the crypto that the procedures and everything are going to begin interacting they’re going to begin incorporating together which’s where you’re going to see a good deal of this value so there’s a lot cash in the conventional finance 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 simply going to be called the monetary system since it’s simply a it’s basically a database in a network you get informed and again when you get educated have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly communicate with our guests utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes real life etoro occasions make certain to check out the description for any marketing deals and to learn more about our amazing guests i’ll see you in etoro us’s club Bank Negara Malaysia Etoro.