There’s all these new cryptos is continuously flooding in…Etherum Blockchain Or Cryptocurrency… i indicate how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you find out the the very fundamentals here’s how bitcoin works and and we speak with a great deal of again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and then you start to enter into what is the financial 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 know all these new tokens all these new cryptocurrencies some of them are actually simply there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering into it and that originates from education understanding and once again returning to a financial investment thesis honestly and stating i’m not going to purchase anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and find out where it fits for me um i you understand of course have to do a lot of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never become aware of that i get a big ego and i resemble how might i not have heard of that however i have it and somehow it gets noted and there are most likely tons of other people stating the same things about cryptos that i understand 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 look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and then have an idea of what i like to learn about and like to invest in what do i like to purchase do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i don’t like to buy some that are just just purely you know pumps like pump schemes or something i understand a lot of individuals earned money on shiba inu i know a lot of people generated income 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 must or they should not because there are a lot of people that have actually succeeded i select not to do that one because they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and wake up and i’m down here since what will occur is i’ll never sleep again and again from a psychological standpoint i do not desire that i i attempt to learn a fair bit about the ones that i have an interest in or learn you understand find out why i might be interested why they might have worth and truthfully guy it just takes a lot of education the other thing i’ll state about that real quickly is you hear a lot of individuals who do not understand a lot about crypto or or are truly versus it stating stating i do not comprehend how there can be all these cryptocurrencies among them has 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 instance is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states financial network all right 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 needs to have its own currency to function effectively so it so if we feel and and look this this enters into a bit of a viewpoint i’m a big defy man i love decentralized finance and part of the reason is because i’ve been in finance for so long and i know where the ineffectiveness are and i understand if we can take some of those inadequacies out of the system and we can use blockchain innovation to do it that would be great the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars running on us dollars over the banking system you need 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 due to the fact that 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 opinion start to start to engulf the traditional monetary system and i don’t mean that whatever else is going to disappear i suggest my feeling is banks and the crypto that the procedures and whatever are going to start working together they’re going to begin integrating together which’s where you’re going to see a lot of this value so there’s a lot cash in the standard finance 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 just going to be called the monetary system since it’s just a it’s essentially a database in a network you get educated and once again as soon as you get educated 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 directly engage with our guests using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro swag bag special 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 subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make certain to have a look at the description for any advertising deals and to get more information about our remarkable visitors i’ll see you in etoro us’s club Etherum Blockchain Or Cryptocurrency.