There’s all these new cryptos is constantly flooding in…Is Etoro Monitored By The Fbi… i indicate how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the extremely fundamentals here’s how bitcoin works and and we talk with a great deal of again monetary advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and after that you begin to enter into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you get into that you know all these new tokens all these brand-new cryptocurrencies a few of them are literally just there to try to where they have no performance it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering it and that originates from education understanding and again returning to a financial investment thesis honestly and stating i’m not going to buy anything even if i saw some dude 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 discover where it suitables for me um i you understand of course need 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 every week i see a new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i have actually never heard of that i get a huge ego and i’m like how could i not have heard of that but i have it and somehow it gets noted and there are most likely tons of other individuals stating the exact same aspects of cryptos that i understand a lot about because i i tend to take a look at a great deal of defy things i tend to look a great deal 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 procedure or something like that so comprehending those i don’t like to buy some that are just just simply you understand pumps like pump schemes or something i understand a great deal of people generated income on shiba inu i know a lot of individuals generated income on dogecoin that’s fantastic 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 shouldn’t because there are a lot of people that have actually done well i select not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and wake up and i’m down here because what will occur is i’ll never sleep again and again from an emotional perspective i do not want that i i try to discover a fair bit about the ones that i’m interested in or learn you understand discover why i might be interested why they might have value and honestly man it simply takes a lot of education the other thing i’ll state about that real rapidly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are really against it saying stating i do not understand 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 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 financial 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 needs to have its own currency to function efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the factor is because i’ve remained in financing for so long and i know where the inadequacies are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent 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 truly effective working on dollars working 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 very much fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted 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 start to engulf the traditional monetary system and i don’t suggest that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin integrating together and that’s where you’re going to see a good deal of this worth so there’s so much 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 ultimately it’s simply going to be called the financial system since it’s simply a it’s basically a database in a network you get educated and again once you get educated have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly interact with our guests utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle 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 membership of the wall street journal delta pro and unique invites to irl yes reality etoro occasions make certain to take a look at the description for any marketing deals and for more information about our fantastic visitors i’ll see you in etoro us’s club Is Etoro Monitored By The Fbi.