There’s all these brand-new cryptos is continuously flooding in…Leva In Etoro… i imply how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the really essentials here’s how bitcoin works and and we speak with a great deal of again financial consultants here’s simply how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you understand transparency and immutability and all those things and then you start to enter into what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter 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 simply we hope
that the price tomorrow is higher than the rate today that’s the only reason you’re entering into it and that comes from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to purchase anything even if 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 discover where it fits for me um i you know naturally need to do a lot of research study 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 have actually never ever even i can’t think i have actually never ever heard of that i get a big ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets noted and there are most likely tons of other people stating the exact same features of cryptos that i know a lot about since i i tend to take a look at a great deal 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 attempt to educate myself as much as possible and after that have an idea of what i like to learn about and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to buy some that are simply simply simply you know pumps like pump schemes or something i understand a lot of people generated income on shiba inu i understand a great deal of people made money on dogecoin that’s fantastic to hear i do not want to do that that that’s not me i select not to and i’m not telling anybody they need to or they should not because there are a great deal of people that have done well i pick not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here since what will take place is i’ll never sleep again and again from a psychological perspective i do not want that i i try to discover quite a bit about the ones that i have an interest in or discover you know learn why i might be interested why they might have value and honestly male it simply takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a lot of individuals who do not comprehend a lot about crypto or or are actually versus it saying saying i don’t comprehend 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 number of them can exist on their own a lot 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 needs to have its own currency to function effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a big defy guy i love decentralized finance and part of the factor is since i’ve been in finance for so long and i know where the inadequacies are and i understand if we can take some of those inefficiencies out of the system and we can use blockchain technology to do it that would be fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be really efficient 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 quite truth 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 figure out which one’s going to be the winner it is going to once again in my viewpoint start to start to swallow up the traditional financial system and i don’t imply that whatever else is going to go away i mean my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to start incorporating together which’s where you’re visiting a good deal of this value so there’s a lot money in the traditional financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system since it’s simply a it’s basically a database in a network you get educated and again once you get educated 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 solely relayed for etoro us club members our webinars let members directly communicate with our guests utilizing 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 exclusive access to our month-to-month webinars quarterly market reports and a dedicated account supervisor 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 real life etoro events make sure to check out the description for any promotional deals and to get more information about our amazing guests i’ll see you in etoro us’s club Leva In Etoro.