There’s all these new cryptos is constantly flooding in…Can I Move Dogecoin From Cryptopia To Etoro… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you find out the the really fundamentals here’s how bitcoin works and and we speak with a great deal of once again financial advisors here’s just 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 investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies comes 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 literally just there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering it which comes from education understanding and again returning to an investment thesis honestly and saying 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 study and find out what it is and discover where it suitables for me um i you know of course need to do a whole lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being noted on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever heard of that i get a big ego and i’m like how could i not have actually become aware of that but i have it and somehow it gets noted and there are probably lots of other people saying the same aspects of cryptos that i know a lot about since 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 couple of methods one is i attempt to inform myself as much as possible and after that have an idea of what i like to discover and like to purchase what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to buy some that are simply simply purely you know pumps like pump plans or something i know a lot of individuals made money on shiba inu i understand a great deal of people generated income on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anyone they must or they should not because there are a lot of individuals that have done well i select not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i do not wish to go to bed one night and i’m up here and awaken and i’m down here due to the fact that what will occur 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 learn you understand learn why i might be interested why they might have worth and honestly guy it just takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of people who don’t understand a lot about crypto or or are really against it saying stating i do not understand 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 much of them can exist on their own a lot of them are a currency that is for a specific 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 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 gets into a little bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the reason is due to the fact that i have actually remained in financing for so long and i understand where the inadequacies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be excellent the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be actually efficient running on dollars running 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 reality to the assertion that because there’s all these cryptocurrencies there’s a minimal amount 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 start to engulf the standard monetary system and i don’t mean that everything else is going to disappear i indicate my sensation is banks and the crypto that the protocols and everything are going to start working together they’re going to begin integrating together and that’s where you’re visiting a great deal of this worth so there’s so much cash in the traditional 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 ultimately it’s just going to be called the financial system since it’s just a it’s basically a database in a network you get educated and once again when you get informed 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 solely relayed for etoro us club members our webinars let members straight connect with our guests using a q a and any person or you can join etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events be sure to take a look at the description for any marketing offers and to get more information about our incredible visitors i’ll see you in etoro us’s club Can I Move Dogecoin From Cryptopia To Etoro.