There’s all these brand-new cryptos is constantly flooding in…How Owns Etoro… i mean 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 discover the the very essentials here’s how bitcoin works and and we talk with a lot of again financial consultants here’s simply how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin which 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 understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering into it and that comes from education understanding and once again going back to a financial investment thesis honestly and stating 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 and find out what it is and learn where it suitables for me um i you understand naturally have to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t think i have actually never heard of that i get a big ego and i resemble how might i not have heard of that but i have it and somehow it gets noted and there are probably tons of other people stating the same aspects 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 great deal of those tokens so the the method i look at it is one there are a couple of ways one is i try to educate myself as much as possible and after that have a concept of what i like to learn more about and like to buy what do i like to purchase do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i don’t like to invest in some that are just simply purely you know pumps like pump plans or something i know a lot of people made money on shiba inu i understand a lot of people earned money on dogecoin that’s great to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they should or they shouldn’t because there are a lot of individuals 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 wish to go to sleep one night and i’m up here and wake up and i’m down here since what will occur is i’ll never ever sleep again and again from an emotional viewpoint i don’t want that i i try to find out quite a bit about the ones that i’m interested in or discover you understand learn why i might be interested why they may have worth and truthfully man it simply takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are truly versus it saying stating i don’t understand how there can be all these cryptocurrencies one of them needs to win however that’s that’s not the case they are all they they can or much 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 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 requires to have its own currency to function effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy man i love decentralized finance and part of the reason is due to the fact that i’ve remained in finance for so long and i understand where the ineffectiveness are and i understand if we can take some of those inadequacies out of the system and we can utilize blockchain innovation 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 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 reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to again in my opinion start to begin to engulf the standard monetary system and i do not indicate that everything else is going to go away i suggest my sensation is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to begin integrating together and that’s where you’re going to see a great deal of this value so there’s so much cash 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 financial system due to the fact that it’s just a it’s basically a database in a network you get informed and once again once you get informed 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 directly communicate with our visitors using a q a and anyone or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag special access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro occasions make sure to check out the description for any promotional offers and to learn more about our incredible guests i’ll see you in etoro us’s club How Owns Etoro.