There’s all these brand-new cryptos is constantly flooding in…Nanofury Nf1 Etherum… i imply how do you do with this deluge of unique cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the very essentials here’s how bitcoin works and and we talk to a lot of again financial advisors here’s just how bitcoin works and once you understand bitcoin you comprehend things like blockchain innovation you comprehend transparency and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these brand-new cryptocurrencies a few of them are actually just there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the cost today that’s the only reason you’re getting into it which originates from education understanding and once again going back to an 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 and learn what it is and learn where it fits for me um i you know of course need to do a great deal of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh weekly i see a new one being listed on some exchange and i’m and i go i’ve never ever even i can’t believe i have actually never become aware of that i get a big ego and i’m like how might i not have heard of that however i have it and in some way it gets noted and there are most likely lots of other individuals saying the very same aspects of cryptos that i know a lot about because i i tend to take a look at a great deal of defy stuff i tend to look a lot 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 after that have an idea of what i like to learn more about and like to purchase what do i like to purchase do i like to invest in 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 simply purely you understand pumps like pump plans or something i know a lot of people earned money on shiba inu i know a lot of people generated income 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 done well i select 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 awaken and i’m down here because what will happen is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i try to find out a fair bit about the ones that i have an interest in or discover you understand discover why i might be interested why they might have value and honestly man it simply takes a lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who do not comprehend a lot about crypto or or are actually versus it stating stating i do not comprehend how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or much of them can exist on their own a number of them are a currency that is for a specific 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 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 requires to have its own currency to work effectively so it so if we feel and and look this this enters into a little bit of an opinion i’m a big defy guy i love decentralized finance and part of the reason is because i’ve been in finance for so long and i understand where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can use blockchain innovation to do it that would be great the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be really effective running on dollars working 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 very much truth to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited quantity 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 once again in my viewpoint start to begin to swallow up the conventional monetary system and i don’t imply that everything else is going to disappear i mean my feeling is banks and the crypto that the procedures and whatever are going to start working together they’re going to begin incorporating together which’s where you’re going to see a lot of this worth so there’s so much cash in the conventional 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 just going to be called the financial system due to the fact that it’s simply a it’s essentially a database in a network you get educated and again as soon as you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members straight connect with our visitors using a q a and anyone or you can join etoro club and u.s club members get a bunch of benefits such as an etoro swag bag unique access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and unique invitations to irl yes real life etoro events make sure to have a look at the description for any advertising deals and to find out more about our remarkable guests i’ll see you in etoro us’s club Nanofury Nf1 Etherum.