There’s all these brand-new cryptos is constantly flooding in…Kapital Etoro Wird Weniger… i indicate how do you do with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the extremely basics here’s how bitcoin works and and we speak with a great deal of once again monetary advisors here’s simply how bitcoin works and once you understand bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies a few of them are literally just there to try to where they have no functionality it’s just we hope
that the cost tomorrow is higher than the price today that’s the only factor you’re entering it and that originates from education understanding and once again going back to a financial investment thesis truthfully and stating i’m not going to purchase anything just because i saw some guy 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 discover where it suitables for me um i you understand of course 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 every week i see a brand-new one being listed on some exchange and i’m and i go i have actually never even i can’t think i’ve never become aware of that i get a huge ego and i’m like how might i not have actually heard of that however i have it and in some way it gets listed and there are most likely lots of other people stating the very same aspects of cryptos that i understand a lot about since i i tend to take a look at a lot 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 few ways one is i try to inform myself as much as possible and after that 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 comprehending those i don’t like to purchase some that are simply just simply you know pumps like pump schemes or something i understand a lot of people earned money on shiba inu i understand a lot of individuals made money on dogecoin that’s great to hear i do not want to do that that that’s not me i choose not to and i’m not telling anyone they need to or they shouldn’t because there are a great deal of individuals that have done well i choose not to do that one since 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 due to the fact that what will happen is i’ll never sleep again and again from a psychological perspective i don’t desire that i i attempt to find out a fair bit about the ones that i have an interest in or discover you know learn why i might be interested why they may have value and truthfully male it simply takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are actually versus it stating stating i don’t comprehend 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 much of them are a currency that is for a particular 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 okay 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 operate effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy man i love decentralized finance and part of the factor is because i’ve been in finance for so long and i know where the ineffectiveness are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be terrific the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be truly effective 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 effective so there is to me not quite fact to the assertion that because there’s all these cryptocurrencies there’s a minimal 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 opinion start to begin to swallow up the standard monetary system and i don’t mean that whatever else is going to go away i mean my feeling is banks and the crypto that the procedures and everything are going to begin interacting they’re going to begin integrating together and that’s where you’re visiting a good deal of this value so there’s a lot cash in the traditional finance system that’s going to make its way into what we presently call the crypto system or the
What’s bad about eToro? Kapital Etoro Wird Weniger
Defi system and ultimately 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 informed and once 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 exclusively broadcast for etoro us club members our webinars let members straight engage 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 advantages such as an etoro swag bag special access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes real life etoro occasions make certain to check out the description for any marketing offers and to find out more about our incredible visitors i’ll see you in etoro us’s club Kapital Etoro Wird Weniger.