There’s all these new cryptos is constantly flooding in…Etoro Pro Saying I Have Hundreds Of Thousands Of Dollars… i suggest how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the extremely basics here’s how bitcoin works and and we speak to a lot of once again monetary advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you enter that you understand all these brand-new tokens all these brand-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 cost tomorrow is higher than the cost today that’s the only reason you’re entering it and that originates from education understanding and again going back to a financial investment thesis truthfully and saying i’m not going to invest in 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 of course need 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 each week i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never become aware of that i get a huge ego and i’m like how could i not have actually heard of that however i have it and somehow it gets listed and there are most likely tons of other people stating the exact same aspects of cryptos that i understand a lot about due to the fact that i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the method i take a look at it is one there are a couple of ways one is i try to inform myself as much as possible and after that have a concept of what i like to learn about and like to purchase 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 understanding those i don’t like to buy some that are simply just simply you know pumps like pump schemes or something i know a lot of people earned money on shiba inu i understand a lot of people earned money on dogecoin that’s great 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 should or they shouldn’t because there are a great deal of people that have done well i choose not to do that one because they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and wake up and i’m down here due to the fact that what will occur is i’ll never sleep again and again from a psychological perspective i don’t desire that i i attempt to find out a fair bit about the ones that i’m interested in or discover you know learn why i might be interested why they might have value and truthfully male it just takes a whole lot of education the other thing i’ll say about that real quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are actually versus it saying saying i don’t comprehend how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or a number of them can exist on their own many 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 all right if eth is the currency of the ethereum network so there’s an entire 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 enters into 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 remained in financing for so long and i know where the inadequacies are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be excellent 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 efficient 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 very much reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a minimal 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 opinion start to start to engulf the conventional financial system and i don’t suggest that everything else is going to disappear i indicate my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to begin integrating together which’s where you’re going to see a great deal of this value so there’s a lot money in the conventional financing 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 ultimately it’s simply going to be called the financial system since it’s just a it’s basically a database in a network you get informed and again once you get educated have an investment thesis here’s what i like to invest in 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 communicate with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a bunch of advantages such as an etoro swag bag special access to our regular 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 invitations to irl yes real life etoro occasions make sure to have a look at the description for any marketing deals and to find out more about our remarkable guests i’ll see you in etoro us’s club Etoro Pro Saying I Have Hundreds Of Thousands Of Dollars.