There’s all these new cryptos is continuously flooding in…Etoro Volume Indicator For Mt4… i suggest how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully 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 financial advisors here’s just how bitcoin works and once you comprehend bitcoin you understand things like blockchain technology you comprehend 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 understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you understand all these new tokens all these brand-new cryptocurrencies some of them are literally just there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the price today that’s the only reason you’re getting into it and that originates from education understanding and again going back to an investment thesis truthfully and saying 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 and learn what it is and discover where it suitables for me um i you understand obviously need to do a great deal of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i’ve never become aware of that i get a big ego and i’m like how might i not have actually heard of that but i have it and in some way it gets noted and there are probably tons of other individuals saying the very same aspects of cryptos that i understand a lot about because i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i take a look at it is one there are a few ways one is i try to inform myself as much as possible and then have a concept of what i like to find out 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 protocol or something like that so understanding those i don’t like to purchase some that are simply simply purely you know pumps like pump plans or something i know a lot of individuals made money on shiba inu i understand a great deal of individuals earned money on dogecoin that’s great to hear i do not wish 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 individuals that have succeeded i pick not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i do not wish to go to sleep one night and i’m up here and get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from an emotional perspective i don’t want that i i attempt to learn a fair bit about the ones that i have an interest in or discover you know find out why i might be interested why they might have value and honestly man it simply takes a lot of education the other thing i’ll say about that real quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly against it saying stating i do not comprehend how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or much of them can exist on their own a number of them are a currency that is for a particular network so bitcoin for example 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 work efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a huge defy person 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 inefficiencies are and i understand 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 fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars working 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 truth 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 once again in my viewpoint start to begin to swallow up the standard monetary system and i don’t imply that everything else is going to go away i indicate my sensation is banks and the crypto that the protocols and whatever are going to start working together they’re going to start integrating together and that’s where you’re going to see a good deal of this value so there’s so much cash in the standard finance system that’s going to make its way 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 because it’s simply a it’s essentially a database in a network you get educated and again when you get informed have a financial investment thesis here’s what i like to purchase 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 guests using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro swag bag unique access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions make certain to check out the description for any marketing offers and to find out more about our amazing guests i’ll see you in etoro us’s club Etoro Volume Indicator For Mt4.