There’s all these brand-new cryptos is constantly flooding in…Leverage Trading Bitcoin… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you find out the the very essentials here’s how bitcoin works and and we speak with a great deal of once again financial consultants here’s just how bitcoin works and once you understand bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and then you start to get into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you enter into that you understand all these brand-new tokens all these brand-new cryptocurrencies some of them are actually simply there to try to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the rate today that’s the only reason you’re entering it and that comes from education understanding and again returning to a financial investment thesis honestly and stating i’m not going to buy 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 find out what it is and find out where it fits for me um i you understand naturally need to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never ever heard of that i get a big ego and i’m like how might i not have actually heard of that but i have it and in some way it gets listed and there are probably lots of other individuals saying the very same features of cryptos that i understand a lot about because 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 method i look at it is one there are a few ways one is i try to educate myself as much as possible and after that have an idea of what i like to discover and like to invest in what do i like to buy do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so understanding those i do not like to purchase some that are simply just simply you know pumps like pump plans or something i know a lot of people earned money on shiba inu i know a great deal of people made money on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i pick 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 actually done well i choose not to do that a person since they’re they trade keep in mind 24 7 365.
i do not want to go to sleep one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from a psychological viewpoint i don’t want that i i attempt to learn quite a bit about the ones that i have an interest in or learn you know find out why i might be interested why they may have value and truthfully guy 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 people who do not comprehend a lot about crypto or or are truly against it stating stating i do not comprehend how there can be all these cryptocurrencies one of 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 number 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 economic 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 requires to have its own currency to work effectively so it so if we feel and and look this this enters a bit of an opinion i’m a big defy person i love decentralized financing and part of the factor is due to the fact that i’ve been in finance for so long and i understand where the ineffectiveness are and i understand if we can take some of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be terrific 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 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 truth to the assertion that since there’s all these cryptocurrencies there’s a limited amount 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 again in my opinion start to start to swallow up the conventional financial system and i don’t imply that everything else is going to go away i suggest my feeling is banks and the crypto that the protocols and whatever are going to begin working together 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 a lot cash in the conventional financing system that’s going to make its way into what we currently call the crypto system or the
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Defi system and eventually it’s just going to be called the financial system since it’s just a it’s basically a database in a network you get informed and once again when you get informed have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members straight engage with our guests using a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle bag unique access to our regular 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 events make sure to have a look at the description for any promotional deals and to read more about our amazing visitors i’ll see you in etoro us’s club Leverage Trading Bitcoin.