There’s all these brand-new cryptos is continuously flooding in…Cost Of Trading At Fidelity Investments Vs Etoro… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the very basics here’s how bitcoin works and and we talk to a lot of once again monetary consultants here’s simply how bitcoin works and once you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and then you begin to get 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 originates from comprehending how bitcoin functions then you get into that you understand all these brand-new tokens all these brand-new cryptocurrencies some of them are literally simply there to attempt to where they have no performance it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only factor you’re entering it and that comes from education understanding and once again returning to a financial investment thesis honestly and stating i’m not going to purchase anything just because i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and discover where it suitables for me um i you know naturally need to do a great deal 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 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 big ego and i’m like how might i not have heard of that however i have it and somehow it gets listed and there are probably lots of other people stating the same things about cryptos that i know a lot about due to the fact that i i tend to look at a great deal 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 few methods one is i attempt to educate myself as much as possible and then have a concept of what i like to learn more about and like to invest in what do i like to purchase do i like to invest in 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 simply just purely you know pumps like pump plans or something i understand a lot of individuals generated income on shiba inu i know a great deal of people made money on dogecoin that’s great to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they need to or they should not because there are a lot of people that have succeeded i choose not to do that one due to the fact that they’re they trade remember 24 7 365.
i don’t wish 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 an emotional standpoint i do not want that i i attempt to discover quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have value and honestly man it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually against it saying saying i do not understand how there can be all these cryptocurrencies among them has 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 a lot of them are a currency that is for a specific 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 economic network okay if eth is the currency of the ethereum network so there’s a whole network there and it has 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 a little bit of an opinion i’m a huge defy guy i love decentralized financing and part of the factor is because i’ve remained in financing for so long and i know 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 innovation to do it that would be fantastic 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 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 efficient so there is to me not very much truth to the assertion that because there’s all these cryptocurrencies there’s a restricted 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 viewpoint start to start to swallow up the conventional financial system and i don’t suggest that everything else is going to go away i mean my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to begin incorporating together and that’s where you’re going to see a great deal of this worth so there’s so much money 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 simply going to be called the financial system since it’s simply a it’s essentially a database in a network you get informed and again when you get informed have an 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 guests using a q a and any person or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a dedicated 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 invites to irl yes real life etoro events be sure to check out the description for any promotional deals and to read more about our fantastic visitors i’ll see you in etoro us’s club Cost Of Trading At Fidelity Investments Vs Etoro.