There’s all these brand-new cryptos is constantly flooding in…How To Turn On Cryptocurrency Trading Robinhood… i mean how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the really basics here’s how bitcoin works and and we speak with a lot of again monetary advisors here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to get into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies some of them are actually just there to attempt to where they have no performance it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering 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 just because i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and discover what it is and learn where it fits for me um i you understand of course need to do a lot of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never heard of that i get a big ego and i resemble how might i not have become aware of that however i have it and in some way it gets listed and there are probably lots of other individuals saying the same aspects of cryptos that i understand a lot about due to the fact that i i tend to take a 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 methods one is i attempt to inform myself as much as possible and then have an idea of what i like to discover 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 procedure or something like that so comprehending those i do not like to purchase some that are just just purely you understand pumps like pump plans or something i know a great deal of people generated income on shiba inu i understand a great deal of individuals earned money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i select not to and i’m not telling anyone they ought to or they should not because there are a lot of people that have succeeded i select not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and wake up and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional viewpoint i don’t desire that i i try to learn a fair bit about the ones that i’m interested in or discover you know find out why i might be interested why they may have worth and truthfully male it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly versus it saying saying i do not understand how there can be all these cryptocurrencies one of them needs 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 many 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 economic network okay 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 requires to have its own currency to operate effectively so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a big defy man i love decentralized financing and part of the factor is due to the fact that i’ve remained in finance for so long and i understand where the inefficiencies are and i know if we can take a few of those inadequacies out of the system and we can use blockchain innovation 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 technology be actually efficient operating on dollars operating 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 quite truth to the assertion that because there’s all these cryptocurrencies there’s a limited 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 again in my viewpoint start to start to swallow up the standard monetary system and i do not mean that whatever else is going to disappear i suggest my feeling is banks and the crypto that the protocols and everything are going to start collaborating they’re going to start integrating together which’s where you’re visiting a lot of this worth 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 simply going to be called the monetary system since it’s just a it’s essentially a database in a network you get educated and again when 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 exclusively relayed for etoro us club members our webinars let members straight connect with our visitors using a q a and any person or you can join etoro club and u.s club members get a bunch of perks such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our higher 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 be sure to take a look at the description for any promotional offers and to get more information about our amazing visitors i’ll see you in etoro us’s club How To Turn On Cryptocurrency Trading Robinhood.