There’s all these brand-new cryptos is constantly flooding in…Etoro Copy Trader Incentive… 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 discover the the very fundamentals here’s how bitcoin works and and we talk with a lot of once again monetary consultants here’s just how bitcoin works and when 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 what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies a few of them are literally just there to try to where they have no performance it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re entering it and that originates from education understanding and once again returning to a financial investment thesis honestly and stating i’m not going to purchase anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and find out where it suitables for me um i you know naturally need to do a great deal of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh weekly i see a new one being noted on some exchange and i’m and i go i’ve never 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 heard of that however i have it and in some way it gets listed and there are probably tons of other individuals stating the very same features of cryptos that i understand a lot about due to the fact that i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i take a look at it is one there are a few ways one is i try to educate myself as much as possible and then have a concept of what i like to find out about and like to buy what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to invest in some that are simply simply simply you understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i understand a lot of people made money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i choose 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 a person due to the fact that they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and awaken and i’m down here since what will take place is i’ll never sleep again and again from a psychological perspective i do not desire that i i try to learn a fair bit about the ones that i’m interested in or discover you know discover why i might be interested why they might have worth and honestly man it simply takes a whole lot 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 saying saying i don’t comprehend how there can be all these cryptocurrencies one of them has 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 a number 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 economic network fine 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 huge defy person i love decentralized financing and part of the factor is since i have actually remained in finance for so long and i know where the inefficiencies are and i know 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 terrific the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective working on dollars operating 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 truth to the assertion that because there’s all these cryptocurrencies there’s a restricted amount 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 opinion start to start to engulf the standard monetary system and i don’t indicate that whatever else is going to disappear i mean my feeling is banks and the crypto that the protocols and whatever are going to start working together they’re going to begin incorporating together which’s where you’re visiting a lot of this worth so there’s a lot money in the conventional 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 eventually it’s just going to be called the monetary system because it’s just a it’s basically a database in a network you get informed and again when you get informed 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 relayed for etoro us club members our webinars let members straight communicate with our visitors using a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro boodle bag exclusive 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 subscription of the wall street journal delta pro and special invites to irl yes real life etoro occasions be sure to check out the description for any marketing deals and to find out more about our incredible guests i’ll see you in etoro us’s club Etoro Copy Trader Incentive.