There’s all these brand-new cryptos is continuously flooding in…Does Bitcoin Trade On Weekends… i suggest how do you finish 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 basics here’s how bitcoin works and and we talk to a lot of again financial consultants here’s just how bitcoin works and once you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you begin to enter into what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you get into that you understand all these brand-new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no functionality it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re getting into it and that originates from education understanding and again returning to an investment thesis truthfully and stating i’m not going to invest in anything just because i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and discover what it is and learn where it suitables for me um i you understand naturally need to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being listed on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never heard of that i get a huge ego and i’m like how might i not have become aware of that however i have it and somehow 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 look at a lot of defy things i tend to look a lot of those tokens so the the way i take a look at it is one there are a few methods one is i attempt to educate myself as much as possible and after that have a concept of what i like to find out about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to purchase some that are simply just purely you know pumps like pump plans or something i understand a great deal of individuals made money on shiba inu i understand a lot of people earned money on dogecoin that’s terrific 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 should or they should not because there are a lot of individuals that have succeeded i select not to do that a person because they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and wake up and i’m down here because what will occur is i’ll never sleep again and again from an emotional perspective i don’t want that i i try to find out a fair bit about the ones that i’m interested in or learn you understand learn why i might be interested why they may have value and honestly man it just takes a lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who do not comprehend a lot about crypto or or are truly versus it stating saying i do not comprehend 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 much of them can exist on their own many of them are a currency that is for a particular 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 a whole network there and it needs to have his own it it requires to have its own currency to function 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 person i love decentralized finance and part of the reason is because i have actually remained in finance for so long and i know where the inefficiencies are and i know if we can take a few of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be excellent the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be really efficient working on dollars working 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 reality to the assertion that because there’s all these cryptocurrencies there’s a minimal 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 begin to engulf the standard monetary system and i don’t imply that whatever else is going to go away i imply my feeling is banks and the crypto that the procedures and whatever are going to begin working together they’re going to begin integrating together and that’s where you’re visiting a lot of this value so there’s so much cash in the traditional 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 due to the fact that it’s just a it’s basically a database in a network you get informed and again once you get informed have a financial 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 engage with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a devoted account manager 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 reality etoro events make certain to have a look at the description for any advertising offers and to learn more about our fantastic guests i’ll see you in etoro us’s club Does Bitcoin Trade On Weekends.