There’s all these new cryptos is continuously flooding in…Coinbase Api Moving Average… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you discover the the very fundamentals here’s how bitcoin works and and we speak with a lot of once again financial advisors here’s just how bitcoin works and once you comprehend bitcoin you understand things like blockchain innovation you comprehend openness and immutability and all those things and after that you start to enter what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are actually simply there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re getting into it which comes from education understanding and again going back to an investment thesis truthfully and saying i’m not going to purchase 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 study and learn what it is and discover where it fits for me um i you understand obviously need to do a great deal of research i can’t stay up to date with most likely 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’ve never become aware of that i get a huge ego and i’m like how might i not have become aware of that but i have it and somehow it gets noted and there are most likely tons of other individuals saying the exact same things about cryptos that i understand a lot about due to the fact that i i tend to look at a lot of defy things i tend to look a great deal of those tokens so the the method i look at it is one there are a few methods one is i attempt to inform myself as much as possible and after that have a concept of what i like to find out about and like to purchase what do i like to buy do i like to buy 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 just just purely you understand pumps like pump plans or something i know a great deal of individuals earned money on shiba inu i understand a lot of individuals made money on dogecoin that’s fantastic 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 need to or they should not because there are a great deal of individuals that have done well i select not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here due to the fact that what will occur is i’ll never sleep again and again from a psychological standpoint i don’t desire that i i attempt to learn a fair bit about the ones that i’m interested in or discover you understand discover why i might be interested why they may have value and honestly man it just takes a great deal 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 actually versus it stating stating i do not comprehend 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 a lot of them can exist on their own much 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 financial network alright 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 needs to have its own currency to operate efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy man i love decentralized finance and part of the reason is since i’ve remained in finance for so long and i understand where the inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain technology 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 truly efficient operating on dollars working 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 due to the fact that there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to begin to engulf the standard financial system and i don’t suggest that everything else is going to disappear i mean my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to start integrating together which’s where you’re going to see a lot of this worth so there’s a lot money in the conventional 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 simply going to be called the financial system since it’s just a it’s basically a database in a network you get informed and once again as soon as you get informed 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 directly connect with our visitors utilizing a q a and any person or you can join etoro club and u.s club members get a bunch of benefits such as an etoro swag bag unique access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro occasions make certain to take a look at the description for any promotional deals and to learn more about our remarkable guests i’ll see you in etoro us’s club Coinbase Api Moving Average.