There’s all these new cryptos is constantly flooding in…Katherine Hahn Coinbase… i suggest how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the very fundamentals here’s how bitcoin works and and we speak to a lot of once again financial advisors here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and after that you begin 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 comes from comprehending how bitcoin functions then you enter into that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only factor you’re entering into it and that comes from education understanding and once again returning to a financial investment thesis truthfully and stating i’m not going to invest in 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 study and discover what it is and find out where it fits for me um i you know obviously need to do a great deal of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being noted on some exchange and i’m and i go i’ve never ever even i can’t think i’ve never heard of that i get a huge ego and i’m like how might i not have actually become aware of that but i have it and somehow it gets listed and there are probably tons of other individuals stating the exact same aspects of cryptos that i know a lot about due to the fact that i i tend to look at a great deal of defy things i tend to look a great deal of those tokens so the the way 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 then have an idea of what i like to learn about and like to purchase what do i like to buy do i like to buy the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to buy some that are just just simply you understand pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i understand a great deal of individuals made money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they need to or they should not because there are a lot of individuals that have actually succeeded i pick not to do that a person since they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and awaken and i’m down here because what will take place is i’ll never sleep again and again from a psychological viewpoint i do not desire that i i attempt to learn quite a bit about the ones that i’m interested in or discover you know find out why i might be interested why they might have worth and truthfully guy it just takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are really versus it stating saying i don’t understand how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or a lot of them can exist on their own a number of them are a currency that is for a particular 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 economic network all right 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 requires to have its own currency to operate efficiently so it so if we feel and and look this this gets into a bit of an opinion i’m a big defy guy i love decentralized finance and part of the reason is because i have actually been in finance for so long and i know where the inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can use blockchain innovation to do it that would be terrific 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 very much truth 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 find out which one’s going to be the winner it is going to once again in my viewpoint start to begin to engulf the traditional financial system and i do not mean that everything else is going to disappear i imply my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to begin incorporating together which’s where you’re going to see a lot of this value so there’s a lot cash in the conventional finance system that’s going to make its way into what we currently call the crypto system or the
What’s bad about eToro? Katherine Hahn Coinbase
Defi system and eventually 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 educated and again once you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly connect with our guests using a q a and anyone or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag exclusive access to our monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions be sure to have a look at the description for any marketing offers and to get more information about our amazing guests i’ll see you in etoro us’s club Katherine Hahn Coinbase.