There’s all these new cryptos is continuously flooding in…Coinbase Srbija… i indicate how do you make 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 discover the the really basics here’s how bitcoin works and and we speak with a lot of once again financial advisors here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you get into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering it and that comes from education understanding and again going back to a financial investment thesis truthfully and saying i’m not going to buy anything even if 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 discover where it suitables for me um i you know naturally have to do a whole lot of research 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 even i can’t think i’ve never ever heard of that i get a huge ego and i resemble how could i not have become aware of that but i have it and in some way it gets listed and there are most likely tons of other people stating the same aspects of cryptos that i know 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 method i look at it is one there are a couple of methods one is i try to educate myself as much as possible and then have an idea of what i like to discover and like to buy what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so understanding those i do not like to buy some that are simply simply simply you know pumps like pump plans or something i understand a lot of individuals earned money on shiba inu i know a great deal of people generated income on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i select not to and i’m not telling anyone they must or they should not because there are a great deal of people that have actually succeeded i select not to do that one due to the fact that they’re they trade remember 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 occur is i’ll never ever sleep again and again from a psychological standpoint i do not want that i i attempt to learn a fair bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have value and honestly male it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a great deal of people who don’t comprehend a lot about crypto or or are truly against it saying stating i do not understand 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 many of them can exist on their own many 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 economic network fine if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it needs to have its own currency to work efficiently so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is because i have actually remained in financing for so long and i know where the inadequacies are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation 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 technology be really efficient operating 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 very much truth to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my viewpoint start to start to swallow up the standard monetary system and i don’t mean that whatever else is going to disappear i indicate my feeling is banks and the crypto that the protocols and whatever are going to start working together they’re going to begin integrating together which’s where you’re going to see a lot of this worth so there’s a lot cash in the standard financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and eventually it’s just going to be called the monetary system since it’s just 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 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 directly interact with our visitors using a q a and anybody or you can join etoro club and u.s club members get a bunch of advantages such as an etoro swag bag unique 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 special invitations to irl yes real life etoro occasions be sure to take a look at the description for any advertising deals and to read more about our amazing guests i’ll see you in etoro us’s club Coinbase Srbija.