There’s all these new cryptos is constantly flooding in…Is Etoro Fdic Or Spic Insured… i indicate how do you make 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 find out the the very fundamentals here’s how bitcoin works and and we talk with a lot of once again financial advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain innovation you comprehend openness and immutability and all those things and after that you begin to enter what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the rate today that’s the only factor you’re entering into it and that originates from education understanding and again going back to a financial investment thesis honestly and stating i’m not going to purchase anything just because 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 learn what it is and find out where it fits for me um i you understand of course have to do a lot of research 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 listed 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’m like how could i not have actually heard of that but i have it and somehow it gets listed and there are probably tons of other people stating the same features of cryptos that i understand a lot about due to the fact that i i tend to take a look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a few ways one is i try to educate myself as much as possible and then have a concept of what i like to find out about and like to buy what do i like to purchase do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i do not like to invest in some that are just just simply you understand pumps like pump schemes or something i understand a lot of people earned money on shiba inu i understand a great deal of people generated income on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anybody they must or they shouldn’t because there are a lot of individuals that have actually succeeded i choose not to do that a person because they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and get 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 want that i i try to learn quite a bit about the ones that i’m interested in or learn you know discover why i might be interested why they might have value and honestly man it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who do not comprehend a lot about crypto or or are really versus it stating stating i do not 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 number of them can exist on their own much 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 a whole 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 little bit of an opinion i’m a big defy person i love decentralized finance and part of the factor is because i have actually remained in financing for so long and i understand where the inadequacies are and i know if we can take a few of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be fantastic the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient working 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 quite fact 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 determine which one’s going to be the winner it is going to once again in my viewpoint start to begin to swallow up the conventional monetary system and i do not mean that everything else is going to disappear i indicate my feeling is banks and the crypto that the protocols and everything are going to start collaborating they’re going to start integrating together and that’s where you’re going to see a great deal of this worth so there’s a lot money in the standard 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 simply going to be called the monetary system because it’s simply a it’s basically a database in a network you get informed and again once you get informed have an investment thesis here’s what i like to purchase here’s what i don’t 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 sign up with etoro club and u.s club members get a lot of advantages such as an etoro boodle bag unique access to our month-to-month 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 exclusive invitations to irl yes reality etoro events be sure to check out the description for any promotional deals and to learn more about our remarkable visitors i’ll see you in etoro us’s club Is Etoro Fdic Or Spic Insured.