There’s all these new cryptos is constantly flooding in…Ogen Stock Etoro… i indicate 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 discover the the extremely basics here’s how bitcoin works and and we talk with a great deal of again monetary consultants here’s simply how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you comprehend openness and immutability and all those things and after that you start to enter what is the investment thesis behind bitcoin which is 80 of the video game right there 80 of understanding these other crypto currencies originates from comprehending how bitcoin functions then you enter that you know all these new tokens all these brand-new cryptocurrencies a few of them are actually just there to attempt to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re entering into it and that comes from education understanding and again going back to an investment thesis honestly and saying i’m not going to invest in anything even if i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and find out what it is and discover where it suitables for me um i you know naturally need to do a lot of research i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a new one being noted on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never ever become aware of that i get a huge ego and i resemble how could 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 exact same aspects of cryptos that i understand a lot about due to the fact that i i tend to look at a great deal of defy things 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 attempt to educate myself as much as possible and after that have a concept of what i like to learn about and like to invest in what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to invest in some that are just just purely you understand pumps like pump plans or something i understand a great deal of people generated income on shiba inu i understand a lot 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 anyone they should or they shouldn’t because there are a lot of people that have succeeded i select not to do that one due to the fact that they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and awaken and i’m down here since what will take place is i’ll never sleep again and again from an emotional standpoint i do not desire that i i attempt to discover quite a bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have value and honestly man it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are really against it stating saying i don’t 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 much 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 requires to have its own currency to work effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a huge defy person 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 some of those ineffectiveness 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 technology be really efficient working on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not quite fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to go into them so i got to determine which one’s going to be the winner it is going to once again in my opinion start to start to engulf the standard monetary system and i don’t indicate that whatever else is going to disappear i mean my feeling is banks and the crypto that the procedures and whatever are going to start interacting they’re going to start integrating together which’s where you’re going to see a good deal of this worth so there’s a lot money in the standard financing system that’s going to make its method into what we currently call the crypto system or the
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Defi system and eventually it’s simply going to be called the financial system because it’s just a it’s basically a database in a network you get informed and again as soon as 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 straight connect with our visitors using a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can likewise get things like a subscription 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 marketing deals and to read more about our remarkable visitors i’ll see you in etoro us’s club Ogen Stock Etoro.