There’s all these new cryptos is continuously flooding in…Etoro Crytocurrency Robots… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you discover the the extremely essentials here’s how bitcoin works and and we speak to a great deal of once again monetary consultants here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you begin to enter 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 get into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only factor you’re entering it and that originates from education understanding and once again going back to a financial investment thesis honestly and stating i’m not going to invest in anything just because i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and discover where it suitables for me um i you understand of course have to do a whole 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 new one being listed on some exchange and i’m and i go i have actually never even i can’t believe i’ve never become aware of that i get a big ego and i’m like how could i not have actually heard of that however i have it and in some way it gets listed and there are most likely tons of other individuals stating the exact same features of cryptos that i understand a lot about due to the fact that i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a few ways one is i try to educate myself as much as possible and after that have a concept of what i like to learn more about and like to invest in what do i like to purchase do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to purchase some that are just simply purely you understand pumps like pump plans or something i understand a great deal of people earned money on shiba inu i understand a great deal of individuals earned 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 anyone they need to or they should not because there are a great deal of people that have done well i select not to do that a person due to the fact that 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 sleep again and again from an emotional perspective i do not want that i i attempt to learn quite a bit about the ones that i have an interest in or discover you know learn why i might be interested why they may have value and honestly male it simply takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who do not understand a lot about crypto or or are actually against it stating stating i do not 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 number of them can exist on their own a lot 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 has 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 a viewpoint i’m a big defy guy i love decentralized finance and part of the reason is since i have actually remained in finance for so long and i understand where the inadequacies are and i know if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be great the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really 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 very much reality to the assertion that since there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to enter into them so i got to determine which one’s going to be the winner it is going to once again in my opinion start to begin to engulf the standard monetary system and i do not mean that everything else is going to disappear i suggest my feeling is banks and the crypto that the protocols and everything are going to begin interacting they’re going to start integrating together and that’s where you’re going to see a lot of this value so there’s so much cash 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 due to the fact that it’s simply a it’s essentially a database in a network you get informed and once again as soon as you get educated have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members straight interact with our guests 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 month-to-month webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes reality etoro events make sure to check out the description for any advertising deals and for more information about our remarkable visitors i’ll see you in etoro us’s club Etoro Crytocurrency Robots.