There’s all these brand-new cryptos is constantly flooding in…Marketwatch Integration With Etoro… i imply how do you make with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you find out the the really fundamentals here’s how bitcoin works and and we speak to a lot of once again financial advisors here’s simply how bitcoin works and once you understand bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you get into that you know all these new tokens all these new cryptocurrencies a few of them are literally simply there to attempt to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering it and that comes from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to buy 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 find out what it is and find out where it suitables 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 every week i see a new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i’ve never ever heard of that i get a huge ego and i resemble how could i not have actually heard of that but i have it and in some way it gets listed and there are most likely lots of other individuals saying the exact same things about 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 look at it is one there are a couple of methods one is i try to educate myself as much as possible and then have a concept of what i like to learn about and like to buy what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to invest in some that are just simply simply you understand pumps like pump schemes or something i know a great deal of individuals earned money on shiba inu i know a great deal of individuals earned money on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone they should or they shouldn’t because there are a great deal of individuals that have succeeded i pick not to do that a person since they’re they trade keep in mind 24 7 365.
i don’t want to go to sleep one night and i’m up here and awaken and i’m down here because what will occur is i’ll never ever sleep again and again from a psychological standpoint i do not desire that i i try to find out a fair bit about the ones that i have an interest in or discover you understand 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 genuine quickly is you hear a lot of people who do not comprehend a lot about crypto or or are truly versus it stating saying i do not understand how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or a lot 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 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 needs to have its own currency to work efficiently so it so if we feel and and look this this enters a little bit of a viewpoint i’m a huge defy man 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 inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain technology to do it that would be fantastic the thing 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 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 minimal 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 opinion start to begin to swallow up the standard financial system and i do not mean that everything else is going to disappear i suggest my feeling is banks and the crypto that the procedures and whatever are going to start collaborating they’re going to begin integrating together and that’s where you’re visiting a lot of this worth so there’s a lot cash in the traditional 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 ultimately it’s simply going to be called the monetary system since it’s simply a it’s essentially a database in a network you get informed and again when you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members straight 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 boodle bag exclusive access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and special invitations to irl yes real life etoro events make sure to check out the description for any advertising offers and for more information about our amazing visitors i’ll see you in etoro us’s club Marketwatch Integration With Etoro.