There’s all these new cryptos is constantly flooding in…Etoro Cyprus Office… i suggest how do you do 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 discover the the extremely basics here’s how bitcoin works and and we talk with a lot of once again financial advisors here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies a few of them are actually simply there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering it which originates from education understanding and again returning to a financial investment thesis truthfully and stating i’m not going to purchase anything even if i saw some dude 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 find out where it suitables for me um i you know obviously 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 weekly i see a new one being noted on some exchange and i’m and i go i have actually never even i can’t believe i’ve never ever heard of that i get a big ego and i resemble how might i not have become aware of that however i have it and somehow it gets noted and there are most likely lots of other individuals stating the exact same aspects of cryptos that i know a lot about because i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a few ways one is i try to inform myself as much as possible and after that have an idea of what i like to discover and like to invest in 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 don’t like to purchase some that are just just purely you understand pumps like pump schemes or something i know a lot of individuals earned money on shiba inu i understand a great deal of individuals earned money on dogecoin that’s terrific to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they need to or they shouldn’t because there are a great deal of people that have succeeded i pick not to do that a person due to the fact that they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and wake up and i’m down here due to the fact that what will happen is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i attempt to find out a fair bit about the ones that i have an interest in or learn you understand find out why i might be interested why they may have value and honestly male it just takes a lot of education the other thing i’ll say about that genuine quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly versus it stating stating i do not understand how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or many of them can exist on their own much 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 alright if eth is the currency of the ethereum network so there’s a whole 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 a bit of an opinion i’m a big defy person i love decentralized financing and part of the reason is since i’ve been in finance for so long and i understand where the ineffectiveness are and i know if we can take a few of those inefficiencies 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 technology be truly effective 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 truth to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 viewpoint start to start to engulf the conventional financial system and i don’t imply that everything else is going to disappear i imply my feeling is banks and the crypto that the protocols and whatever are going to begin collaborating they’re going to begin incorporating together and that’s where you’re visiting a lot of this value so there’s so much cash in the standard finance system that’s going to make its way into what we currently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the financial system because it’s simply a it’s basically a database in a network you get educated and again as soon as you get educated 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 specifically transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and anyone or you can join etoro club and u.s club members get a bunch of benefits 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 special invites to irl yes real life etoro events be sure to take 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 Cyprus Office.