There’s all these brand-new cryptos is continuously flooding in…Etoro Apu… i mean how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the extremely essentials here’s how bitcoin works and and we talk with a great deal of again financial consultants here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you comprehend openness 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 comes from comprehending how bitcoin functions then you enter into that you understand all these new tokens all these new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the rate today that’s the only factor you’re getting into it which originates from education understanding and again returning to an investment thesis honestly and saying i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and discover what it is and find out where it fits for me um i you understand of course need to do a lot of research 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’ve never ever even i can’t think i have actually never ever become aware of that i get a huge ego and i’m like how could i not have actually heard of that but i have it and in some way it gets noted and there are probably tons of other people stating the exact same aspects of cryptos that i know a lot about since 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 look at it is one there are a couple of methods one is i try to educate myself as much as possible and then have a concept 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 capital or liquidity protocol or something like that so understanding those i don’t like to invest in some that are just just simply you understand pumps like pump plans or something i know a lot of individuals earned money on shiba inu i know a great deal of individuals earned money on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people that have done well i select not to do that one since they’re they trade keep in mind 24 7 365.
i do not wish to go to sleep one night and i’m up here and wake up and i’m down here since what will take place is i’ll never sleep again and again from an emotional viewpoint i do not want that i i attempt to find out 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 man it just takes a great deal of education the other thing i’ll state about that genuine quickly is you hear a lot of people who do not understand a lot about crypto or or are truly against it stating saying i do not understand 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 many of them are a currency that is for a specific 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 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 effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy man i love decentralized financing and part of the reason is due to the fact that i have actually been in finance for so long and i know where the ineffectiveness are and i understand if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be fantastic 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 efficient operating on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not quite truth to the assertion that due to the fact that 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 again in my opinion start to begin to swallow up the conventional financial system and i don’t imply that whatever else is going to disappear i mean my feeling is banks and the crypto that the procedures and whatever are going to begin working together they’re going to start integrating together which’s where you’re going to see a lot of this worth so there’s so much money in the traditional financing 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 eventually it’s simply 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 when you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight connect with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes real life etoro events make certain to take a look at the description for any promotional offers and to read more about our fantastic guests i’ll see you in etoro us’s club Etoro Apu.