There’s all these brand-new cryptos is continuously flooding in…Cesare Pavoncello Etoro… i suggest how do you finish 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 learn the the really basics here’s how bitcoin works and and we speak to a lot of once again monetary advisors here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and after that you start to enter 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 comes from comprehending how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies some of them are actually simply there to attempt to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the cost today that’s the only factor you’re getting into it and that originates from education understanding and again going back to an investment thesis honestly and stating i’m not going to buy anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and discover where it suitables for me um i you know obviously need to do a whole lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never become aware of that i get a huge ego and i’m like how might i not have actually heard of that however i have it and somehow it gets listed and there are probably tons of other individuals stating the same things about cryptos that i understand a lot about because i i tend to look at a lot of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to learn about and like to invest in what do i like to purchase do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i do not like to buy some that are just simply purely you understand pumps like pump plans or something i know a great deal of people made money on shiba inu i know a lot of people made money on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone they need to or they should not because there are a lot of people that have actually succeeded i choose not to do that a person 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 wake up and i’m down here because what will take place is i’ll never ever sleep again and again from a psychological viewpoint i don’t desire that i i try to learn quite a bit about the ones that i’m interested in or discover you know find out why i might be interested why they might have worth and honestly male it simply takes a whole lot of education the other thing i’ll say about that genuine quickly is you hear a lot of people who don’t understand a lot about crypto or or are really against it stating saying i do not comprehend 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 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 a whole network there and it needs to have his own it it needs to have its own currency to work 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 guy i love decentralized finance and part of the factor is due to the fact that i’ve been in finance for so long and i know where the inadequacies are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be great the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient working on dollars running 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 quite truth to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to once again in my opinion start to start to swallow up the conventional monetary system and i don’t indicate that everything else is going to disappear i indicate my feeling is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin integrating together and that’s where you’re going to see a lot of this value so there’s so much cash in the traditional finance system that’s going to make its way into what we presently call the crypto system or the
What’s bad about eToro? Cesare Pavoncello Etoro
Defi system and eventually it’s just going to be called the monetary system due to the fact that it’s just a it’s basically a database in a network you get informed and again when you get educated have an 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 any person or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes reality etoro events be sure to check out the description for any marketing deals and to read more about our incredible guests i’ll see you in etoro us’s club Cesare Pavoncello Etoro.