There’s all these new cryptos is continuously flooding in…Etoro How Many Users… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you find out the the extremely fundamentals here’s how bitcoin works and and we speak with a great deal of again financial advisors here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and then you begin to get into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates 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 attempt 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 going back to an investment thesis honestly and stating i’m not going to invest in anything even if i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and find out what it is and find out where it fits for me um i you understand obviously have to do a whole lot of research i can’t stay up to date 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 have actually never ever even i can’t believe i’ve never heard of that i get a huge ego and i resemble how could i not have actually become aware of that but i have it and somehow it gets noted and there are probably tons of other people stating the exact same aspects of cryptos that i understand a lot about since i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the method i look at it is one there are a few methods one is i try to inform myself as much as possible and then have an idea of what i like to learn 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 procedure or something like that so understanding those i don’t like to buy some that are simply simply purely you know pumps like pump schemes or something i know a great deal of people made money on shiba inu i understand a lot of people made money on dogecoin that’s great to hear i do not want to do that that that’s not me i select not to and i’m not telling anybody they should or they shouldn’t because there are a lot of individuals that have succeeded i select not to do that one because they’re they trade remember 24 7 365.
i don’t 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 take place is i’ll never ever sleep again and again from a psychological standpoint i do not desire that i i attempt to find out quite a bit about the ones that i’m interested in or learn you know find out why i might be interested why they may have value and truthfully male it simply takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly versus it stating stating i don’t comprehend 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 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 alright 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 operate effectively so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy person i love decentralized finance and part of the factor is because i have actually been in financing for so long and i understand where the inadequacies are and i understand if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective running on dollars running 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 fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal 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 once again in my opinion start to start to swallow up the traditional monetary system and i do not suggest that everything else is going to go away i suggest my sensation is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin integrating together which’s where you’re going to see a lot of this worth so there’s a lot cash in the standard 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 ultimately it’s just going to be called the monetary system since it’s simply a it’s essentially a database in a network you get educated and once again when you get informed have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members straight connect with our guests utilizing a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro events be sure to take a look at the description for any marketing deals and for more information about our amazing guests i’ll see you in etoro us’s club Etoro How Many Users.