There’s all these new cryptos is continuously flooding in…Etoro Problem With Widrawals… i indicate how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the really fundamentals here’s how bitcoin works and and we talk with a great deal of once again financial consultants here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you understand openness 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 game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies some of them are actually just there to attempt to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re getting into it which originates from education understanding and once again going back to an investment thesis honestly and saying i’m not going to buy anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and learn what it is and learn where it fits for me um i you understand naturally need to do a whole lot of research study i can’t stay up to date with most likely 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 have actually never heard of that i get a huge ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets listed and there are probably tons of other individuals saying the very same things about cryptos that i know a lot about since i i tend to take a look at a lot 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 few methods one is i attempt to inform myself as much as possible and then have an idea of what i like to learn more about and like to purchase what do i like to purchase do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i don’t like to purchase some that are just simply simply you understand pumps like pump schemes or something i know a great deal of people generated income on shiba inu i understand a lot of people earned money on dogecoin that’s fantastic 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 need to or they shouldn’t because there are a great deal of people that have done well i pick not to do that one because they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and get up and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional viewpoint i do not want that i i attempt to discover a fair bit about the ones that i have an interest in or discover you understand learn why i might be interested why they might have worth and honestly guy it simply takes a lot of education the other thing i’ll state about that real quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually against it saying stating i do not understand how there can be all these cryptocurrencies one of them needs to win but that’s that’s not the case they are all they they can or a lot of them can exist on their own many of them are a currency that is for a specific 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 has 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 man i love decentralized finance and part of the reason is since i’ve been in finance for so long and i know where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be terrific the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be actually effective running 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 very much reality to the assertion that since 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 opinion start to begin to swallow up the standard monetary system and i do not imply that everything else is going to disappear i mean my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin incorporating together which’s where you’re going to see a good deal of this value so there’s so much money in the traditional finance system that’s going to make its way into what we currently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the monetary system because it’s just a it’s basically a database in a network you get educated and once again once you get educated have a financial 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 straight communicate with our visitors utilizing a q a and any person or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro boodle bag unique access to our month-to-month webinars quarterly market reports and a dedicated 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 real life etoro events be sure to take a look at the description for any promotional offers and for more information about our amazing guests i’ll see you in etoro us’s club Etoro Problem With Widrawals.