There’s all these new cryptos is constantly flooding in…Cryptocurrency Robo Trading… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully is about 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 again monetary advisors here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies some of them are literally simply there to try to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering it which originates from education understanding and once again going back to an investment thesis truthfully and stating i’m not going to invest in anything even if i saw some man 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 find out where it suitables for me um i you understand of course have to do a great deal of research study 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 noted on some exchange and i’m and i go i have actually never even i can’t think i’ve never heard of that i get a big ego and i’m like how might i not have actually become aware of that but i have it and in some way it gets listed and there are probably tons of other individuals saying the same features of cryptos that i know a lot about due to the fact that i i tend to take a look at a great deal of defy stuff i tend to look a great deal of those tokens so the the way i take a look at it is one there are a few ways one is i try to inform myself as much as possible and then have a concept of what i like to learn about and like to buy what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i do not like to invest in some that are just just purely you know pumps like pump schemes or something i know a lot of people generated income on shiba inu i know a lot of individuals earned money on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i select not to and i’m not telling anybody they ought to or they should not because there are a great deal of people that have actually done well i choose not to do that one since they’re they trade remember 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 since what will happen is i’ll never sleep again and again from an emotional perspective i do not want that i i attempt to find out quite a bit about the ones that i’m interested in or learn you understand discover why i might be interested why they may have worth and honestly guy it just takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a great deal of people who do not understand a lot about crypto or or are really against it saying stating i don’t 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 much of them can exist on their own much 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 okay 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this enters a little bit of a viewpoint i’m a big defy person i love decentralized financing and part of the reason is since i’ve remained in financing for so long and i understand where the ineffectiveness are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be terrific 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 effective 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 reality to the assertion that because there’s all these cryptocurrencies there’s a restricted amount 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 once again in my opinion start to begin to engulf the traditional financial system and i don’t indicate that whatever else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to begin incorporating together and that’s where you’re visiting a great deal of this worth so there’s a lot money 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 ultimately it’s simply going to be called the monetary system because it’s simply a it’s basically a database in a network you get informed and again once you get informed have an investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members straight connect with our visitors utilizing a q a and any person or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invites to irl yes real life etoro events be sure to have a look at the description for any marketing deals and to find out more about our fantastic visitors i’ll see you in etoro us’s club Cryptocurrency Robo Trading.