There’s all these new cryptos is continuously flooding in…Etoro Proxy Voting… i indicate how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you find out the the really fundamentals here’s how bitcoin works and and we speak with a lot of again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you understand openness and immutability and all those things and after that you begin to enter what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the cost today that’s the only factor you’re entering into it and that comes from education understanding and again returning to an investment thesis honestly and stating i’m not going to invest in 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 learn what it is and find out where it suitables for me um i you know obviously need to do a great deal of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t believe i have actually never become aware of that i get a huge ego and i’m like how might i not have actually heard of that but i have it and in some way it gets listed and there are probably lots of other people saying the same aspects of cryptos that i know a lot about because i i tend to take a 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 few methods one is i try to educate myself as much as possible and then have an idea of what i like to discover and like to invest in what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i do not like to buy some that are just simply purely you know pumps like pump plans or something i understand a lot of people earned money on shiba inu i understand a great deal of individuals earned money on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i select not to and i’m not telling anybody they ought to or they should not because there are a great deal of people that have succeeded i select not to do that a person because they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and wake up and i’m down here because what will happen is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i attempt to learn quite a bit about the ones that i have an interest in or learn you understand discover why i might be interested why they might have value and truthfully male it simply takes a great deal of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are actually against it stating saying i do not 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 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 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 function effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is since i have actually remained in finance 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 terrific the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient operating on dollars operating on us dollars over the banking system you have 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 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 determine which one’s going to be the winner it is going to again in my viewpoint start to start to engulf the conventional financial system and i do not indicate that everything else is going to disappear i mean my sensation is banks and the crypto that the protocols and everything are going to start working together they’re going to start incorporating together and that’s where you’re visiting a lot of this worth so there’s so much cash in the traditional finance system that’s going to make its method 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 informed have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly communicate with our guests utilizing a q a and anyone or you can join etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro occasions be sure to have a look at the description for any marketing deals and to learn more about our amazing visitors i’ll see you in etoro us’s club Etoro Proxy Voting.