There’s all these brand-new cryptos is constantly flooding in…Etoro Share Lending… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you discover the the extremely fundamentals 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 comprehend things like blockchain innovation you understand openness and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you understand all these brand-new tokens all these brand-new cryptocurrencies some of them are actually just there to attempt 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 comes from education understanding and once again going back to an investment thesis truthfully and stating i’m not going to purchase anything just because i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and discover what it is and discover where it fits for me um i you know naturally have to do a whole lot of research i can’t keep up with most likely 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 ever even i can’t believe i have actually never become aware of that i get a big ego and i’m like how could i not have become aware of that however i have it and in some way it gets listed and there are most likely lots of other people stating the exact same things about cryptos that i understand a lot about because i i tend to take a look at a lot of defy things i tend to look a lot of those tokens so the the way 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 then have a concept of what i like to learn about 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 don’t like to invest in some that are simply simply simply you know pumps like pump plans or something i understand a lot of individuals made money on shiba inu i understand a great deal of individuals made money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anyone they must or they shouldn’t because there are a lot of people that have actually done well i select not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from a psychological perspective i don’t want that i i attempt to find out quite a bit about the ones that i have an interest in or learn you understand find out why i might be interested why they might have value and honestly man it simply takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly against it saying saying i do not comprehend how there can be all these cryptocurrencies among them needs to win but 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 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 a whole network there and it has to have his own it it needs to have its own currency to operate effectively so it so if we feel and and look this this gets into a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the reason is due to the fact that i have actually remained in financing for so long and i know where the ineffectiveness are and i understand if we can take a few of those inadequacies out of the system and we can utilize 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 technology be actually efficient working on dollars running 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 truth to the assertion that because there’s all these cryptocurrencies there’s a limited 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 swallow up the traditional monetary system and i don’t imply that whatever else is going to go away i indicate my feeling is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a good deal of this value so there’s a lot cash in the conventional financing 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 ultimately it’s simply going to be called the monetary system since it’s simply a it’s basically a database in a network you get informed and again when you get informed 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 exclusively broadcast for etoro us club members our webinars let members straight communicate with our visitors using a q a and anyone or you can join etoro club and u.s club members get a bunch of perks 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 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 check out the description for any promotional deals and to read more about our amazing visitors i’ll see you in etoro us’s club Etoro Share Lending.