There’s all these new cryptos is continuously flooding in…Patrick Tan Compton Hughes A Cryptocurrency Quant Trading Firm… i suggest how do you do 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 learn the the very essentials here’s how bitcoin works and and we talk with a lot of again monetary advisors here’s just how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and then you begin to get into 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 comprehending how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some 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 into it and that comes from education understanding and again going back to an investment thesis honestly and saying i’m not going to purchase anything just because 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 learn what it is and find out where it fits for me um i you understand of course have 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 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 resemble how might i not have heard of that however i have it and somehow it gets noted and there are probably tons of other people stating the exact same aspects of cryptos that i understand a lot about since i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i look at it is one there are a few ways one is i attempt to educate myself as much as possible and then have an idea of what i like to discover and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to invest in some that are simply simply purely you know pumps like pump plans or something i know a great deal of people earned money on shiba inu i know a great deal of people made money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anybody they must or they should not because there are a great deal of individuals that have succeeded i select not to do that one because they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from an emotional standpoint i do not desire that i i try to discover 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 worth and truthfully guy it simply takes a great deal of education the other thing i’ll say about that genuine quickly is you hear a lot of people who do not understand a lot about crypto or or are truly against it stating stating i do not understand 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 number of them can exist on their own much 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 financial 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 effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy person i love decentralized finance and part of the reason is because i’ve 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 utilize blockchain innovation to do it that would be fantastic the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective working on dollars working 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 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 start to engulf the conventional financial system and i do not mean that whatever else is going to disappear i imply my sensation is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin integrating together and that’s where you’re going to see a lot of this worth so there’s a lot money in the traditional finance system that’s going to make its way into what we currently call the crypto system or the
What’s bad about eToro? Patrick Tan Compton Hughes A Cryptocurrency Quant Trading Firm
Defi system and eventually it’s just going to be called the financial system since it’s simply a it’s essentially a database in a network you get educated and again as soon as you get informed 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 specifically broadcast for etoro us club members our webinars let members directly connect with our guests using 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 boodle bag special 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 reality etoro occasions make sure to check out the description for any marketing offers and to get more information about our remarkable guests i’ll see you in etoro us’s club Patrick Tan Compton Hughes A Cryptocurrency Quant Trading Firm.