There’s all these new cryptos is continuously flooding in…Etoro 4 Advanced Trading Terminal… 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 discover the the really essentials here’s how bitcoin works and and we talk with a lot of again financial advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and after that you begin to get into what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually simply there to attempt to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re getting into it which comes from education understanding and again returning to an 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 know naturally need to do a great deal of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i’ve never ever 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 actually become aware of that however i have it and in some way it gets listed and there are probably lots of other people stating the same aspects of cryptos that i know a lot about due to the fact that i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i look at it is one there are a couple of methods one is i attempt to inform myself as much as possible and after that have an idea of what i like to find out about and like to purchase 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 comprehending those i do not like to buy some that are simply just purely you understand pumps like pump schemes or something i know a great deal of individuals generated income on shiba inu i know a lot of individuals made 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 lot of people that have succeeded i pick not to do that a person since they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and awaken and i’m down here because what will happen is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i attempt to find out quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have value and truthfully guy it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a great deal of people who don’t understand 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 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 example 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 needs to have his own it it requires to have its own currency to work efficiently 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 due to the fact that i’ve been in finance for so long and i know where the inefficiencies are and i understand if we can take some of those inefficiencies out of the system and we can use blockchain innovation to do it that would be fantastic the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective 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 efficient so there is to me not very much reality to the assertion that because there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my viewpoint start to start to swallow up the traditional monetary system and i do not mean that everything else is going to go away i indicate my sensation is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to begin integrating together and that’s where you’re going to see a great deal of this value so there’s a lot cash in the traditional financing system that’s going to make its method into what we currently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system because it’s simply a it’s basically a database in a network you get educated and once again as soon as you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members straight communicate with our guests using a q a and anyone or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag special 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 exclusive invitations to irl yes reality etoro occasions make certain to take a look at the description for any advertising offers and to learn more about our incredible visitors i’ll see you in etoro us’s club Etoro 4 Advanced Trading Terminal.