There’s all these new cryptos is constantly flooding in…Etoro Apex Vs Etoro Apex Clearing… i suggest how do you do 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 talk to a great deal of once again financial consultants here’s simply how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and after that you start to get 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 understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only reason you’re getting into it and that originates from education understanding and again going back to a financial investment thesis truthfully and stating i’m not going to invest in 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 discover what it is and learn where it suitables for me um i you understand obviously need to do a great deal of research i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never become aware of that i get a big ego and i resemble how might i not have actually heard of that however i have it and somehow it gets noted and there are most likely tons of other people saying the exact same things about cryptos that i know a lot about since i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a few ways 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 purchase 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 understanding those i don’t like to buy some that are just simply simply you know pumps like pump schemes or something i know a lot of individuals earned money on shiba inu i understand a great deal of people made money on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anyone they should or they should not because there are a lot of individuals that have actually done well i pick not to do that one due to the fact that they’re they trade remember 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 because what will take place is i’ll never ever sleep again and again from a psychological perspective i don’t desire that i i attempt to learn a fair bit about the ones that i’m interested in or discover you know find out why i might be interested why they might have value and truthfully guy it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a lot of people who don’t understand a lot about crypto or or are really versus it saying 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 many 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 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 little bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is since i’ve remained in finance for so long and i know where the inadequacies are and i understand if we can take a few of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be great the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be actually effective running on dollars working 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 quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the conventional monetary system and i do not imply that everything else is going to disappear i imply my sensation is banks and the crypto that the protocols and whatever are going to start working together they’re going to start integrating together and that’s where you’re going to see a lot of this worth so there’s a lot money in the traditional financing 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 ultimately it’s simply going to be called the monetary system due to the fact that it’s simply a it’s essentially a database in a network you get educated and once again when you get educated have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly communicate with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro swag bag special access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro events make certain to check out the description for any marketing deals and for more information about our incredible visitors i’ll see you in etoro us’s club Etoro Apex Vs Etoro Apex Clearing.