There’s all these new cryptos is constantly flooding in…Option Order Flow Sentiment Etoro… i imply how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you find out the the extremely basics here’s how bitcoin works and and we speak to a lot of once again monetary consultants here’s just how bitcoin works and when you comprehend bitcoin you understand things like blockchain technology you understand openness and immutability and all those things and then you start to enter what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter into that you know all these new tokens all these new cryptocurrencies some of them are literally just there to attempt to where they have no performance it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re getting into it which comes from education understanding and once again returning to an investment thesis honestly and saying i’m not going to invest in anything even if i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and discover where it fits for me um i you know naturally need to do a lot of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i’ve never ever heard of that i get a huge ego and i’m like how could i not have actually heard of that however i have it and in some way it gets noted and there are most likely tons of other individuals saying the same features of cryptos that i understand a lot about because 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 method i look at it is one there are a couple of ways one is i try to inform 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 buy do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to purchase some that are simply simply purely you know pumps like pump plans or something i know a great deal of individuals earned money on shiba inu i understand a great deal of individuals earned money on dogecoin that’s great 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 ought to or they should not because there are a great deal of individuals that have succeeded i select 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 awaken and i’m down here due to the fact that what will occur is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i attempt to find out a fair bit about the ones that i have an interest in or learn you understand discover why i might be interested why they might have worth and truthfully guy it simply takes a whole 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 really against it saying stating i do not understand how there can be all these cryptocurrencies among 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 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 economic network okay if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it requires to have its own currency to function efficiently so it so if we feel and and look this this gets into a bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the reason is because i have actually been in financing for so long and i understand where the ineffectiveness are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient running on dollars working on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not quite reality to the assertion that because there’s all these cryptocurrencies there’s a minimal 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 again in my viewpoint start to start to swallow up the standard financial system and i don’t suggest that whatever else is going to go away i indicate my feeling is banks and the crypto that the protocols and whatever are going to begin interacting 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 way into what we currently call the crypto system or the
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Defi system and ultimately it’s just going to be called the monetary system due to the fact that it’s simply a it’s essentially a database in a network you get educated and once again when you get informed have a financial investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members straight connect with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes reality etoro occasions make certain to check out the description for any advertising deals and to get more information about our amazing visitors i’ll see you in etoro us’s club Option Order Flow Sentiment Etoro.