There’s all these new cryptos is continuously flooding in…Etoro Earnings Calendar… i suggest how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the extremely essentials here’s how bitcoin works and and we talk to a great deal of once again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you start to enter into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s simply we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re entering into it and that comes from education understanding and again returning to an investment thesis honestly and stating i’m not going to purchase 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 learn what it is and find out where it fits for me um i you know obviously have to do a lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh each week 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’ve never ever heard of that i get a big ego and i’m like how could i not have become aware of that however i have it and in some way it gets noted and there are most likely lots of other individuals stating the same features of cryptos that i know a lot about due to the fact that i i tend to look at a great deal of defy things i tend to look a great deal of those tokens so the the method i look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to find out about and like to buy what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to buy some that are simply simply simply you understand pumps like pump schemes or something i understand a great deal of people made money on shiba inu i know a lot of individuals generated income on dogecoin that’s excellent 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 actually succeeded i choose not to do that one due to the fact that they’re they trade remember 24 7 365.
i don’t 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 standpoint i do not want that i i try to find out a fair bit about the ones that i’m interested in or discover you understand find out why i might be interested why they may have worth and honestly male it simply takes a great deal of education the other thing i’ll say about that real quickly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are actually versus it saying saying 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 many of them can exist on their own much of them are a currency that is for a particular 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 fine 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 operate effectively so it so if we feel and and look this this enters a little bit of a viewpoint i’m a huge defy guy i love decentralized financing and part of the factor is because i have actually remained in finance for so long and i understand where the ineffectiveness are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be excellent 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 actually efficient operating on dollars working 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 very much 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 determine which one’s going to be the winner it is going to again in my opinion start to start to engulf the conventional financial system and i do not imply that whatever else is going to disappear i imply 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 going to see a good deal of this value so there’s so much money in the traditional financing system that’s going to make its method into what we currently call the crypto system or the
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Defi system and eventually it’s simply going to be called the monetary system since it’s just a it’s essentially a database in a network you get informed and again as soon as you get informed have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly 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 bunch of advantages such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and special invites to irl yes reality etoro events be sure to take a look at the description for any promotional deals and to read more about our remarkable visitors i’ll see you in etoro us’s club Etoro Earnings Calendar.