There’s all these new cryptos is continuously flooding in…Dgb Etoro… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk with a great deal of again monetary advisors here’s just how bitcoin works and as soon as you understand bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and after that you start to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are literally simply there to try to where they have no performance it’s just we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re entering it which comes from education understanding and again returning to a financial investment thesis honestly and stating i’m not going to buy anything even if 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 learn what it is and find out where it suitables for me um i you understand of course have to do a 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 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 have actually never ever become aware of that i get a big ego and i resemble how might i not have actually become aware of that however i have it and in some way it gets noted and there are probably tons of other individuals stating the very same aspects of cryptos that i know a lot about since i i tend to take a look at a great deal of defy things i tend to look a great deal of those tokens so the the way i look at it is one there are a few 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 purchase what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to purchase some that are just just simply you understand pumps like pump plans or something i understand a lot of people made money on shiba inu i know a great deal of individuals made money on dogecoin that’s terrific to hear i don’t 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 great deal of individuals that have done well i choose not to do that a person since they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from a psychological standpoint i don’t want that i i try to find out quite a bit about the ones that i’m interested in or discover you know discover why i might be interested why they might have value and honestly man it simply takes a lot of education the other thing i’ll say about that genuine quickly is you hear a great deal of people who do not comprehend a lot about crypto or or are really against it saying saying i do not understand how there can be all these cryptocurrencies one of them needs to win however that’s that’s not the case they are all they they can or a number of them can exist on their own many 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 alright 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy guy i love decentralized finance and part of the reason is due to the fact that i have actually remained in finance for so long and i understand where the inadequacies are and i understand 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 innovation be actually efficient running on dollars operating 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 fact to the assertion that because there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to enter into them so i got to determine which one’s going to be the winner it is going to once again in my viewpoint start to begin to swallow up the traditional monetary system and i don’t mean that everything else is going to go away i suggest my feeling is banks and the crypto that the procedures and everything are going to start interacting they’re going to start incorporating together which’s where you’re visiting a good deal of this value so there’s a lot money in the standard 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 ultimately it’s simply going to be called the financial system due to the fact that it’s simply a it’s basically a database in a network you get informed and once again once you get informed have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly engage with our guests using a q a and anyone or you can join etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a devoted account supervisor 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 make sure to check out the description for any marketing deals and to read more about our remarkable visitors i’ll see you in etoro us’s club Dgb Etoro.