There’s all these new cryptos is constantly flooding in…Kucoin Vs Etoro Neo… 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 very fundamentals here’s how bitcoin works and and we speak to a lot of again monetary advisors here’s simply how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and then you begin to enter what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter that you understand all these brand-new tokens all these brand-new cryptocurrencies a few of them are literally simply there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering into it and that comes from education understanding and again going back to a financial investment thesis honestly and saying i’m not going to invest in 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 study and discover what it is and find out where it suitables for me um i you understand of course need to do a great deal 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 brand-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 become aware of that i get a huge ego and i resemble how might i not have actually heard of that however i have it and in some way it gets listed and there are probably tons of other people stating the very same aspects of cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the way i take a look at it is one there are a couple of ways one is i try to inform myself as much as possible and after that 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 capital or liquidity protocol or something like that so understanding those i do not like to buy some that are simply just simply you know pumps like pump schemes or something i know a lot of people generated income on shiba inu i know a lot of people generated income 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 should or they should not because there are a great deal of people that have succeeded i choose not to do that one because they’re they trade remember 24 7 365.
i do not wish to go to bed 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 a psychological standpoint i don’t want that i i try to discover a fair bit about the ones that i have an interest in or discover you understand find out why i might be interested why they may have worth and truthfully man it simply takes a great deal of education the other thing i’ll state about that genuine quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually versus it saying stating 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 many of them can exist on their own many 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 alright if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it needs to have its own currency to operate efficiently so it so if we feel and and look this this enters a little bit of a viewpoint i’m a big defy person i love decentralized finance and part of the factor is because i’ve remained in finance for so long and i understand where the ineffectiveness are and i know if we can take some of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be excellent 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 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 due to the fact that there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter 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 conventional monetary system and i do not imply that everything else is going to go away i imply my feeling is banks and the crypto that the procedures and everything are going to begin working together they’re going to begin incorporating 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 finance system that’s going to make its method into what we currently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system because it’s just a it’s basically a database in a network you get educated and again when you get informed have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly interact with our guests using a q a and anyone or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag special access to our monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro events make certain to take a look at the description for any promotional deals and to find out more about our amazing visitors i’ll see you in etoro us’s club Kucoin Vs Etoro Neo.