There’s all these new cryptos is continuously flooding in…Does Etoro Have Custodial Accounts… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you discover the the really essentials here’s how bitcoin works and and we talk with a great deal of again monetary consultants here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and then you begin to get into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter that you know all these new tokens all these brand-new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re getting into it and that comes from education understanding and again returning to an investment thesis honestly and stating i’m not going to purchase anything just because i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and learn what it is and discover where it fits for me um i you understand naturally have to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a new one being noted 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’m like how might i not have heard of that but i have it and in some way it gets noted and there are probably tons of other individuals stating the very same things about cryptos that i know a lot about because i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i take a look at it is one there are a couple of methods one is i try to educate myself as much as possible and after that have a concept of what i like to learn about and like to buy what do i like to purchase do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so understanding those i do not like to invest in some that are just simply simply you understand pumps like pump plans or something i know a lot of individuals earned money on shiba inu i understand a great deal of people earned money on dogecoin that’s great to hear i do not wish to do that that that’s not me i select not to and i’m not telling anybody they need to or they shouldn’t because there are a lot of individuals that have actually done well i select not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i do not wish to go to sleep 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 an emotional viewpoint i do not want that i i attempt to discover a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have worth and truthfully man it just takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are actually against it stating stating 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 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 needs to have its own currency to work effectively so it so if we feel and and look this this enters into a bit of a viewpoint i’m a big defy guy i love decentralized finance and part of the reason is because i’ve been in financing for so long and i understand where the inadequacies are and i know if we can take some of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be actually efficient operating on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite reality to the assertion that since 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 once again in my opinion start to start to engulf the standard monetary system and i don’t suggest that whatever else is going to disappear i mean my feeling is banks and the crypto that the procedures and whatever are going to start collaborating they’re going to start incorporating together and that’s where you’re going to see a great deal of this value so there’s so much money in the standard finance 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 eventually it’s simply going to be called the financial system because it’s simply a it’s essentially a database in a network you get educated and once again once you get educated have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly communicate with our visitors using a q a and anybody or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag special access to our regular 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 invitations to irl yes reality etoro events make sure to have a look at the description for any advertising deals and to find out more about our remarkable guests i’ll see you in etoro us’s club Does Etoro Have Custodial Accounts.