There’s all these brand-new cryptos is constantly flooding in…Etoro Blockbuster… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the extremely essentials here’s how bitcoin works and and we speak to a lot of again financial consultants here’s just how bitcoin works and as soon as you understand bitcoin you understand things like blockchain innovation you understand transparency and immutability and all those things and then you start to enter into what is the 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 into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering into it and that originates from education understanding and once again returning to a financial investment thesis honestly 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 find out what it is and discover where it fits for me um i you know of course have to do a great deal of research 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 brand-new one being listed on some exchange and i’m and i go i’ve never ever even i can’t believe i have actually never ever heard of that i get a huge ego and i’m like how could i not have actually become aware of that but i have it and somehow it gets noted and there are most likely lots of other individuals stating the exact same features of cryptos that i know a lot about since i i tend to take a 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 few methods one is i try to inform myself as much as possible and after that have a concept of what i like to find out about and like to invest in what do i like to purchase do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to purchase some that are just just purely you know pumps like pump plans or something i understand a great deal of people made money on shiba inu i know a lot of people made money on dogecoin that’s fantastic 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 ought to or they shouldn’t because there are a lot of people that have actually succeeded i select not to do that a person because they’re they trade keep in mind 24 7 365.
i do not want to go to sleep one night and i’m up here and awaken and i’m down here because what will take place is i’ll never sleep again and again from an emotional viewpoint i do not want that i i try to find out quite a bit about the ones that i have an interest in or learn you understand discover why i might be interested why they may have worth and truthfully guy it simply takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a lot of individuals who do not understand a lot about crypto or or are actually versus it stating stating i do not understand how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or a number 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 economic network all right 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 function effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a big defy man i love decentralized financing and part of the factor is due to the fact that i’ve remained in financing for so long and i understand where the inadequacies are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient operating 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 amount of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my opinion start to begin to swallow up the standard financial system and i do not mean that everything else is going to disappear i suggest my sensation is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin incorporating together and that’s where you’re visiting a lot of this value so there’s a lot cash in the standard financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the financial system because it’s simply a it’s essentially a database in a network you get educated and once again once you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely relayed for etoro us club members our webinars let members directly engage with our guests utilizing a q a and any person or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle bag special access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invites to irl yes reality etoro occasions be sure to check out the description for any marketing deals and for more information about our remarkable guests i’ll see you in etoro us’s club Etoro Blockbuster.