There’s all these new cryptos is continuously flooding in…Etoro Api Python Bot… i suggest how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the really basics here’s how bitcoin works and and we talk with a great deal of once again financial consultants here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and then you begin to enter into what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are literally just there to attempt to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the cost 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 buy anything even if 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 discover where it suitables for me um i you understand of course have to do a great deal of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i have actually never ever heard of that i get a huge ego and i resemble how could i not have heard of that but i have it and somehow it gets listed and there are probably lots of other individuals saying the same features of cryptos that i know a lot about since i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the way i take a look at it is one there are a few methods one is i try to inform myself as much as possible and then 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 purchase the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i do not like to invest in some that are just just simply you know pumps like pump plans or something i understand a lot of individuals generated income on shiba inu i know a lot of individuals made money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anybody they ought to or they shouldn’t because there are a great deal of individuals that have actually succeeded i pick not to do that a person because they’re they trade remember 24 7 365.
i don’t wish to go to sleep one night and i’m up here and wake up and i’m down here because what will happen is i’ll never ever sleep again and again from a psychological standpoint i don’t want that i i attempt to learn a fair bit about the ones that i’m interested in or learn you know find out why i might be interested why they may have value and truthfully guy it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of people who don’t understand a lot about crypto or or are really versus it stating stating i don’t comprehend how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or a number of them can exist on their own a lot 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 fine if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 enters into a little bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is since i’ve remained in financing for so long and i understand where the ineffectiveness are and i know if we can take a few of those inadequacies out of the system and we can use blockchain innovation to do it that would be fantastic 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 truly efficient 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 effective so there is to me not very much truth to the assertion that since there’s all these cryptocurrencies there’s a limited quantity 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 begin to engulf the standard financial system and i don’t suggest that everything else is going to disappear i mean my sensation is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to begin integrating together and that’s where you’re going to see a good deal of this value so there’s so much cash in the traditional 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 due to the fact that it’s simply a it’s basically a database in a network you get educated and once again when you get informed have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly engage with our visitors using a q a and any person or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions make sure to have a look at the description for any promotional offers and for more information about our amazing visitors i’ll see you in etoro us’s club Etoro Api Python Bot.