There’s all these brand-new cryptos is constantly flooding in…Ethos Vs Coinbase… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you learn the the very fundamentals here’s how bitcoin works and and we speak to a great deal of again financial consultants here’s simply how bitcoin works and once you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and then you begin to enter 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 originates from understanding how bitcoin functions then you get into that you understand all these brand-new tokens all these brand-new cryptocurrencies some of them are actually simply there to attempt 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 entering it and that comes from education understanding and again going back to an investment thesis truthfully and stating i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and find out what it is and discover where it fits for me um i you know obviously have to do a whole lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t believe i have actually never heard of that i get a huge ego and i’m like how could i not have become aware of that but i have it and somehow it gets noted and there are probably lots of other individuals saying the same aspects of cryptos that i understand a lot about because i i tend to look at a lot of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few methods one is i try to educate myself as much as possible and after that have an idea of what i like to learn more about and like to invest in 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 comprehending those i do not like to buy some that are just just simply you know pumps like pump plans or something i understand a lot of individuals earned money on shiba inu i understand a lot of people earned money on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anybody they need to or they should not because there are a great deal of people that have succeeded i select not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and get 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 want that i i try to learn a fair bit about the ones that i’m interested in or discover you know learn why i might be interested why they may have value and honestly man it just takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly against it stating stating i don’t comprehend how there can be all these cryptocurrencies one of them needs to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own much 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 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 needs to have its own currency to work efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a huge defy person i love decentralized financing and part of the factor is since i’ve been in finance for so long and i know where the ineffectiveness are and i know if we can take some of those inadequacies out of the system and we can use blockchain innovation to do it that would be excellent the important things 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 need to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much truth 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 determine which one’s going to be the winner it is going to once again in my opinion start to start to swallow up the standard financial system and i don’t suggest that everything else is going to disappear i suggest my feeling is banks and the crypto that the protocols and whatever are going to begin working together they’re going to begin incorporating together and that’s where you’re going to see a great deal of this value so there’s so much cash in the conventional 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 simply going to be called the monetary system because it’s just a it’s basically a database in a network you get informed and once again when you get educated have a financial investment thesis here’s what i like to invest in 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 interact with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro events make certain to have a look at the description for any advertising deals and to learn more about our amazing visitors i’ll see you in etoro us’s club Ethos Vs Coinbase.