There’s all these brand-new cryptos is continuously flooding in…Is Etoro A Good Employer… i imply how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you discover the the really essentials here’s how bitcoin works and and we talk to a lot of again monetary advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and after that you start to enter 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 understanding how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies a few of them are actually just there to attempt to where they have no performance it’s just we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re getting into it which comes from education understanding and once again returning to a financial investment thesis truthfully and stating i’m not going to purchase anything even if i saw some man 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 discover where it suitables for me um i you know of course need to do a whole lot of research 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 new one being listed on some exchange and i’m and i go i’ve never ever 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 actually become aware of that however i have it and in some way it gets listed and there are probably lots of other people stating the exact same features of cryptos that i know a lot about because 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 take a look at it is one there are a few ways one is i attempt to inform myself as much as possible and after that have an idea of what i like to find out about and like to buy what do i like to invest in do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so understanding those i do not like to purchase some that are just simply purely you know pumps like pump plans or something i know a great deal of individuals made money on shiba inu i understand a lot of individuals made money on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone they ought to or they should not because there are a lot of people that have actually done well i choose not to do that one because they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and get up and i’m down here because what will take place is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i try to discover 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 value and honestly man it simply takes a great deal of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who don’t understand a lot about crypto or or are really against it stating stating i don’t understand how there can be all these cryptocurrencies among 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 a number 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 an entire network there and it has to have his own it it needs to have its own currency to work efficiently so it so if we feel and and look this this gets into a bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the factor is since i’ve been in finance for so long and i understand where the inadequacies are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly effective working on dollars running 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 due to the fact that there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to enter into them so i got to determine which one’s going to be the winner it is going to once again in my viewpoint start to start to engulf the traditional monetary system and i do not suggest that whatever else is going to go away i imply my feeling is banks and the crypto that the procedures and whatever are going to start collaborating they’re going to begin integrating together and that’s where you’re going to see a lot of this value so there’s so much money in the traditional financing 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 just going to be called the financial system because 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 invest in here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly interact with our guests using a q a and any person or you can sign up with 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 dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and special invites to irl yes real life etoro events make sure to take a look at the description for any marketing offers and to read more about our incredible visitors i’ll see you in etoro us’s club Is Etoro A Good Employer.