There’s all these brand-new cryptos is constantly flooding in…Glid Trade Ea Forex… i imply how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the extremely basics here’s how bitcoin works and and we speak with a lot of again monetary consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you understand things like blockchain technology you comprehend transparency and immutability and all those things and then you start to get into what is the 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 get into that you know all these new tokens all these brand-new cryptocurrencies some of them are actually simply there to try to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it which comes 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 dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and learn where it suitables for me um i you know of course need 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 new one being listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never ever become aware of that i get a huge ego and i’m like how could i not have actually heard of that but i have it and in some way it gets listed and there are most likely lots of other people saying the exact same things about cryptos that i understand a lot about because i i tend to take a look at a great deal 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 few ways one is i try to inform 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 purchase the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to purchase some that are simply simply simply you understand pumps like pump plans or something i understand a great deal of people generated income on shiba inu i know a lot of individuals made money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anybody they ought to or they shouldn’t because there are a lot of individuals that have succeeded i pick not to do that a person due to the fact that they’re they trade remember 24 7 365.
i don’t want to go to sleep one night and i’m up here and awaken and i’m down here because what will happen is i’ll never sleep again and again from an emotional standpoint i don’t want that i i try to discover quite a bit about the ones that i have an interest in or learn you understand learn why i might be interested why they might have value and truthfully male it just takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are actually against it stating stating i don’t comprehend 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 a lot of them can exist on their own many of them are a currency that is for a specific 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 financial network fine if eth is the currency of the ethereum network so there’s an entire 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 enters a little bit of an opinion i’m a big defy man i love decentralized financing and part of the reason is due to the fact that i have actually remained in financing for so long and i understand where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be great the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective running on dollars running on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much reality to the assertion that since there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to begin to swallow up the standard monetary system and i don’t suggest that whatever else is going to disappear i indicate my sensation is banks and the crypto that the protocols and whatever are going to start interacting they’re going to start integrating together and that’s where you’re going to see a great deal of this value so there’s so much money in the standard financing system that’s going to make its way into what we currently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system due to the fact that it’s simply a it’s basically a database in a network you get educated and once again as soon as you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members straight connect with our guests using a q a and any person or you can join etoro club and u.s club members get a bunch of benefits such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invites to irl yes real life etoro events make sure to take a look at the description for any marketing offers and to find out more about our fantastic guests i’ll see you in etoro us’s club Glid Trade Ea Forex.