There’s all these new cryptos is constantly flooding in…Is Bitcoin Trading Haram… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly 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 monetary consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to get into what is the financial 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 get into that you understand all these new tokens all these new cryptocurrencies some of them are literally simply there to attempt to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re getting into it which 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 discover what it is and discover where it fits for me um i you understand obviously have to do a whole lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i have actually never ever even i can’t believe i have actually never heard of that i get a huge ego and i resemble how could i not have become aware of that but i have it and somehow it gets noted and there are probably lots of other people saying the very same things about cryptos that i understand a lot about because i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i try to inform myself as much as possible and then have an idea of what i like to find out about and like to purchase what do i like to buy do i like to purchase 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 simply you know pumps like pump schemes or something i understand a great deal of individuals generated income on shiba inu i know a great deal of people made money on dogecoin that’s great to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anyone they should or they should not because there are a lot of people that have actually done well i select not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i don’t wish to go to sleep one night and i’m up here and awaken and i’m down here since what will take place is i’ll never sleep again and again from an emotional perspective i do not desire that i i try to discover quite a bit about the ones that i have an interest in or learn you know find out why i might be interested why they might have value and honestly guy it just takes a whole lot of education the other thing i’ll say about that genuine quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are truly versus it saying saying i do not comprehend how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or a number of them can exist on their own a number 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 fine 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 function efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy person i love decentralized finance and part of the reason is since i have actually remained in financing for so long and i understand where the inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain technology to do it that would be great the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars running on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite reality to the assertion that because there’s all these cryptocurrencies there’s a limited quantity 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 viewpoint start to begin to engulf the conventional financial system and i do not indicate that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and whatever are going to begin working together they’re going to begin integrating together and that’s where you’re going to see a lot of this worth so there’s so much cash in the conventional 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 ultimately it’s just going to be called the financial system since it’s just a it’s essentially a database in a network you get informed and once again when you get informed have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively broadcast 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 lot of benefits such as an etoro boodle bag unique access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and special invites to irl yes real life etoro occasions be sure to take a look at the description for any advertising deals and to get more information about our amazing visitors i’ll see you in etoro us’s club Is Bitcoin Trading Haram.