There’s all these new cryptos is constantly flooding in…Etoro Spic Or Fdic Account… i indicate how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the really basics here’s how bitcoin works and and we talk with a lot of once again financial consultants here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you begin to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter into 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 rate 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 an investment thesis honestly and stating i’m not going to invest in anything just because i saw some dude 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 learn where it fits for me um i you understand obviously need to do a great deal of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh every 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’ve never become aware of that i get a huge ego and i’m like how could i not have heard of that but i have it and somehow it gets noted and there are probably lots of other individuals saying the same things about cryptos that i understand a lot about because i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a few ways one is i attempt to educate 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 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 buy some that are simply just simply you know pumps like pump schemes or something i know a great deal of people made money on shiba inu i understand a great deal of people earned money on dogecoin that’s fantastic 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 should not because there are a great deal of people that have done well i pick not to do that a person due to the fact that they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and awaken and i’m down here because what will happen is i’ll never ever sleep again and again from an emotional viewpoint i do not desire that i i try to find out quite a bit about the ones that i have an interest in or discover you know discover why i might be interested why they might have worth and truthfully male it simply takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a great deal of people who do not understand a lot about crypto or or are really versus it stating stating i don’t understand how there can be all these cryptocurrencies one of 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 economic 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 needs to have its own currency to operate efficiently so it so if we feel and and look this this enters a 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 finance for so long and i understand where the inefficiencies 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 great the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be actually 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 quite reality to the assertion that because there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to again in my viewpoint start to start to swallow up the standard monetary system and i do not suggest that everything else is going to disappear i indicate my sensation is banks and the crypto that the protocols and everything are going to begin interacting they’re going to begin integrating together and that’s where you’re going to see a good deal of this worth so there’s a lot cash in the conventional 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 simply going to be called the financial system due to the fact that it’s simply a it’s essentially a database in a network you get informed and again when you get educated 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 solely relayed for etoro us club members our webinars let members directly connect with our visitors using a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro occasions make sure to take a look at the description for any marketing offers and to learn more about our incredible visitors i’ll see you in etoro us’s club Etoro Spic Or Fdic Account.