There’s all these new cryptos is constantly flooding in…Etoro Star Color Meaning… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a lot of that honestly is about education so you if you learn the the really fundamentals here’s how bitcoin works and and we talk to a lot of again monetary consultants here’s simply how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand transparency 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 video game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you know all these new tokens all these new cryptocurrencies a few of them are actually just there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only reason you’re entering into it and that originates from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to buy anything even if 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 find out what it is and discover where it suitables for me um i you know of course have to do a great deal of research study i can’t keep up with probably 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’ve never ever even i can’t believe i have actually never ever become aware of that i get a huge ego and i’m like how might i not have actually heard of that however i have it and in some way it gets listed and there are most likely lots of other individuals saying the same features of cryptos that i understand a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a couple of 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 buy what do i like to buy do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to invest in some that are simply just purely you understand pumps like pump schemes or something i know a lot of people made money on shiba inu i understand a lot of individuals made money on dogecoin that’s terrific to hear i do not want to do that that that’s not me i select not to and i’m not telling anyone they ought to 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 do not want to go to sleep one night and i’m up here and wake up and i’m down here since what will take place is i’ll never ever sleep again and again from a psychological standpoint i don’t want that i i try to discover a fair bit about the ones that i’m interested in or discover you know learn why i might be interested why they may have value and truthfully male it simply takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a lot of people who don’t understand a lot about crypto or or are truly against 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 lot 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 economic network okay if eth is the currency of the ethereum network so there’s a whole network there and it needs 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 enters a little bit of an opinion i’m a huge defy guy i love decentralized financing and part of the reason is because i’ve been in finance for so long and i understand 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 technology to do it that would be excellent 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 effective running on dollars operating 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 quite fact to the assertion that because there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to go into them so i got to find out which one’s going to be the winner it is going to again in my opinion start to begin to engulf the conventional financial system and i do not imply that whatever else is going to go away i imply my sensation is banks and the crypto that the protocols and everything are going to begin working together they’re going to begin integrating together and that’s where you’re going to see a good deal of this value so there’s a lot 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 monetary system because it’s simply a it’s basically a database in a network you get educated and again as soon as you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely relayed 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 lot of advantages such as an etoro boodle bag special access to our monthly 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 unique invites to irl yes real life etoro occasions make sure to check out the description for any advertising deals and to get more information about our amazing guests i’ll see you in etoro us’s club Etoro Star Color Meaning.