There’s all these new cryptos is continuously flooding in…Etoro Game Played On Ad… i suggest how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you learn the the very essentials here’s how bitcoin works and and we speak with a lot of again financial consultants here’s simply 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 game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies a few of them are actually simply there to attempt to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering it and that comes from education understanding and once again returning to an investment thesis honestly and saying 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 discover what it is and discover where it suitables for me um i you know naturally have to do a great deal of research i can’t stay up to date with probably 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’ve never ever even i can’t believe i’ve never heard of that i get a huge ego and i’m like how could i not have heard of that but i have it and somehow it gets listed and there are probably tons of other individuals saying the same things about cryptos that i understand 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 lot of those tokens so the the way i take a look at it is one there are a couple of ways one is i try to educate myself as much as possible and after that have an idea of what i like to discover and like to buy what do i like to purchase do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to invest in some that are just just purely you understand pumps like pump plans or something i understand a lot of people earned money on shiba inu i understand a great deal of people made money 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 anybody they ought to or they should not because there are a great deal of individuals that have done well i choose not to do that one 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 get up and i’m down here since what will occur is i’ll never sleep again and again from an emotional viewpoint i don’t desire that i i try to discover quite a bit about the ones that i’m interested in or learn you understand find out why i might be interested why they may have worth and truthfully man it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who do not understand a lot about crypto or or are truly versus it stating stating i do not understand how there can be all these cryptocurrencies one of them has 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 example is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states financial network all right 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 needs to have its own currency to function efficiently so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a big defy guy i love decentralized finance and part of the factor is due to the fact that i’ve been in finance 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 utilize blockchain innovation to do it that would be terrific the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be truly efficient working on dollars working 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 reality to the assertion that because there’s all these cryptocurrencies there’s a limited quantity 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 standard monetary system and i do not imply that whatever else is going to disappear i indicate my feeling is banks and the crypto that the protocols and whatever are going to begin collaborating they’re going to start integrating together and that’s where you’re going to see a lot of this worth so there’s a lot cash in the traditional finance system that’s going to make its way 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 financial system because it’s simply a it’s basically a database in a network you get informed and once again once you get educated have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members straight interact with our guests using a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and unique invites to irl yes real life etoro events be sure to take a look at the description for any advertising deals and to get more information about our amazing guests i’ll see you in etoro us’s club Etoro Game Played On Ad.