There’s all these new cryptos is continuously flooding in…Etoro Api Golang… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you learn the the extremely essentials here’s how bitcoin works and and we speak with a great deal of again monetary advisors here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you start to enter into what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are literally just there to try to where they have no performance it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re getting into it and that originates from education understanding and once again going back to a financial investment thesis truthfully and stating i’m not going to invest in anything just because i saw some man 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 learn where it suitables for me um i you know of course need to do a lot of research 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 brand-new one being listed on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never heard of that i get a big ego and i resemble how might i not have actually become aware of that but i have it and in some way it gets listed and there are probably lots of other people saying the exact same features of cryptos that i know a lot about because i i tend to look at a great deal of defy things i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i try to inform myself as much as possible and then have an idea of what i like to learn about and like to purchase what do i like to invest in 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 purely you understand pumps like pump schemes or something i understand a great deal of people generated income on shiba inu i know a great deal of people made money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they need to or they should not because there are a lot of individuals that have actually done well i select not to do that one since 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 awaken and i’m down here due to the fact that what will take place is i’ll never ever sleep again and again from a psychological perspective i do not want that i i try to learn quite a bit about the ones that i have an interest in or learn you know find out 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 say about that genuine quickly is you hear a great deal of individuals who do not understand a lot about crypto or or are really against it stating stating i do not 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 much of them can exist on their own a number of them are a currency that is for a specific 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 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 requires to have its own currency to operate effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a huge defy guy i love decentralized financing and part of the factor is since i have actually remained in financing for so long and i understand where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be great the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective 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 since there’s all these cryptocurrencies there’s a minimal 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 opinion start to begin to swallow up the traditional monetary system and i don’t imply that everything else is going to go away i mean my feeling is banks and the crypto that the protocols and everything are going to begin 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 so much cash in the standard finance 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 eventually it’s just going to be called the monetary system since it’s just a it’s basically a database in a network you get educated and again when 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 specifically transmitted for etoro us club members our webinars let members directly engage with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag unique 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 subscription of the wall street journal delta pro and unique invites to irl yes real life etoro occasions make sure to have a look at the description for any advertising deals and to get more information about our fantastic visitors i’ll see you in etoro us’s club Etoro Api Golang.