There’s all these brand-new cryptos is continuously flooding in…Etoro Omer Elazari… i suggest how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you find out the the really fundamentals here’s how bitcoin works and and we talk to a great deal of once again financial advisors here’s simply how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and after that 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 into that you understand all these new tokens all these new cryptocurrencies some of them are actually simply there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re entering into it and that comes from education understanding and again going back to an investment thesis honestly and saying i’m not going to buy anything just because i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and find out where it suitables for me um i you understand of course need to do a lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never heard of that i get a big ego and i’m like how could i not have become aware of that but i have it and in some way it gets listed and there are most likely lots of other people saying the same features of cryptos that i know a lot about because 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 methods one is i try to inform myself as much as possible and after that have a concept of what i like to discover and like to invest in what do i like to invest in do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to purchase some that are simply just purely you know pumps like pump plans or something i know a lot of individuals made money on shiba inu i know a great deal of people made money on dogecoin that’s excellent to hear i do not wish 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 people that have actually succeeded i choose not to do that one because they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and awaken and i’m down here since what will happen is i’ll never sleep again and again from an emotional standpoint i do not want that i i attempt to learn quite a bit about the ones that i’m interested in or learn you know find out why i might be interested why they might have worth and honestly male it simply takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually against it stating saying i don’t understand how there can be all these cryptocurrencies among 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 instance is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states financial network fine if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 bit of a viewpoint i’m a big defy guy i love decentralized financing and part of the factor is since i’ve been in financing for so long and i know where the inadequacies are and i understand if we can take a few 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 efficient without the currency that runs the network you can’t have the blockchain technology be really efficient 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 quite fact 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 enter into them so i got to find out which one’s going to be the winner it is going to once again in my viewpoint start to start to engulf the traditional monetary system and i don’t mean that whatever else is going to go away i mean my feeling is banks and the crypto that the procedures and everything are going to begin working together they’re going to start incorporating together and that’s where you’re going to see a good deal of this worth so there’s a lot cash in the standard financing system that’s going to make its method into what we presently call the crypto system or the
What’s bad about eToro? Etoro Omer Elazari
Defi system and ultimately it’s simply going to be called the financial system since it’s simply a it’s basically a database in a network you get informed and once again once you get informed have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly engage with our guests utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag special access to our monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions make sure to have a look at the description for any marketing deals and for more information about our incredible guests i’ll see you in etoro us’s club Etoro Omer Elazari.