There’s all these new cryptos is continuously flooding in…Galina Gurevich Etoro… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the really fundamentals here’s how bitcoin works and and we speak to a great deal of again financial advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you begin to enter what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you get into that you understand 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 simply we hope
that the cost tomorrow is higher than the price today that’s the only factor you’re getting into it which comes from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to purchase anything even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and find out where it suitables for me um i you know obviously have to do a whole lot of research study i can’t stay up to date with most likely 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 think i’ve never ever become aware of that i get a big ego and i resemble how might i not have heard of that however i have it and somehow it gets noted and there are probably tons of other people saying the same things about cryptos that i know a lot about since 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 method i take a look at it is one there are a few ways one is i try to educate myself as much as possible and then have an idea of what i like to learn more about and like to buy what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to buy some that are simply simply simply you understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i know a great deal of individuals earned 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 ought to or they shouldn’t because there are a great deal of people that have done well i choose not to do that a person since they’re they trade keep in mind 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 since what will occur is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i try to learn quite a bit about the ones that i’m interested in or learn you understand find out why i might be interested why they might have value and truthfully male it just takes a great deal of education the other thing i’ll state about that genuine quickly is you hear a lot of people who do not understand a lot about crypto or or are actually versus it stating saying i do not understand how there can be all these cryptocurrencies one of 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 a lot 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 needs to have its own currency to function 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 person i love decentralized financing and part of the reason is because i’ve been in finance for so long and i understand where the ineffectiveness are and i understand if we can take some of those ineffectiveness 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 actually efficient working 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 reality to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the conventional financial system and i don’t mean that everything else is going to disappear i imply my sensation is banks and the crypto that the protocols and whatever are going to start working together they’re going to begin incorporating 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
What’s bad about eToro? Galina Gurevich Etoro
Defi system and ultimately it’s just going to be called the financial system due to the fact that it’s simply a it’s basically a database in a network you get educated and again when you get educated have an investment thesis here’s what i like to purchase 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 communicate with our guests using a q a and anybody or you can join 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 likewise get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro events make certain to check out the description for any marketing offers and for more information about our fantastic guests i’ll see you in etoro us’s club Galina Gurevich Etoro.