There’s all these brand-new cryptos is continuously flooding in…Litecoin Cash Exchanges Bittrex Etoro Lcc… i mean 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 find out the the very fundamentals here’s how bitcoin works and and we speak to a lot of again monetary advisors here’s just how bitcoin works and when you understand bitcoin you understand things like blockchain technology you comprehend openness and immutability and all those things and after that you begin to get into what is the financial investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally just there to try to where they have no functionality it’s simply we hope
that the price tomorrow is higher than the price today that’s the only reason you’re entering it and that comes from education understanding and once again going back to an investment thesis honestly and saying i’m not going to buy anything just because i saw some man pumping it on tick tock or i saw somebody 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 of course need to do a lot 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 have actually never ever even i can’t think i have actually never heard of that i get a huge 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 most likely tons of other people stating the exact same features of cryptos that i understand a lot about due to the fact that i i tend to take a 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 couple of methods one is i attempt to educate myself as much as possible and after that have a concept of what i like to find out about and like to invest in what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i do not like to purchase some that are just simply simply you know pumps like pump plans or something i know a great deal of people made money on shiba inu i know a great deal of individuals made money on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anybody they must or they shouldn’t because there are a lot of individuals that have actually done well i choose not to do that one because they’re they trade remember 24 7 365.
i don’t wish to go to sleep one night and i’m up here and wake up and i’m down here since what will occur is i’ll never ever sleep again and again from an emotional viewpoint i do not want that i i attempt to find out quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they may have value and honestly guy it simply takes a whole lot of education the other thing i’ll say about that real quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are really against it stating stating i do not comprehend how there can be all these cryptocurrencies one of them needs 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 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 a whole network there and it has to have his own it it needs to have its own currency to function efficiently so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the factor is since i have actually remained in finance for so long and i know where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can use blockchain technology to do it that would be excellent the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be really effective 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 effective so there is to me not very much truth to the assertion that because 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 viewpoint start to start to swallow up the traditional financial system and i don’t suggest that whatever else is going to go away i indicate my sensation is banks and the crypto that the procedures and everything are going to begin interacting they’re going to start incorporating together which’s where you’re going to see a lot of this value so there’s a lot cash in the standard financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and eventually it’s simply going to be called the monetary system because it’s just a it’s basically a database in a network you get informed and once again when you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly connect with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro occasions make sure to check out the description for any marketing offers and to find out more about our fantastic guests i’ll see you in etoro us’s club Litecoin Cash Exchanges Bittrex Etoro Lcc.