There’s all these new cryptos is constantly flooding in…Peter Martin Trading 212… i mean 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 extremely fundamentals 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 technology you understand 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 game right there 80 of comprehending these other crypto currencies comes from comprehending how bitcoin functions then you get into that you understand all these new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no functionality it’s simply we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it and that originates from education understanding and once again going back to an investment thesis truthfully and stating i’m not going to purchase anything just because 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 learn what it is and find out where it fits for me um i you know of course have to do a lot of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every week 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 believe i have actually never ever become aware of that i get a huge ego and i’m like how could i not have actually heard of that but i have it and in some way it gets noted and there are probably tons of other people saying the exact same things about cryptos that i understand a lot about due to the fact that i i tend to look at a lot of defy stuff i tend to look a lot of those tokens so the the way i take a look at it is one there are a few methods one is i attempt to inform myself as much as possible and after that have a concept of what i like to learn more about and like to buy 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 simply just simply you know pumps like pump plans or something i understand a great deal of individuals made money on shiba inu i know a lot of individuals earned money on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they must or they shouldn’t because there are a lot of individuals that have done well i select not to do that a person due to the fact that they’re they trade keep in mind 24 7 365.
i do not want to go to bed one night and i’m up here and wake up and i’m down here since what will happen is i’ll never sleep again and again from a psychological viewpoint i do not desire that i i try to learn quite a 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 truthfully guy it just takes a lot of education the other thing i’ll say about that genuine quickly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are actually versus it saying saying i don’t 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 a lot of them can exist on their own much of them are a currency that is for a particular 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 alright 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 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 man i love decentralized financing and part of the reason is due to the fact that i’ve remained in finance for so long and i know where the inadequacies are and i know 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 great the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be really effective running on dollars operating 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 quite reality to the assertion that since there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to once again in my opinion start to begin to engulf the standard monetary system and i don’t mean that whatever else is going to go away i indicate my sensation 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 good deal of this value so there’s a lot cash in the standard financing system that’s going to make its way into what we presently call the crypto system or the
What’s bad about eToro? Peter Martin Trading 212
Defi system and ultimately it’s simply going to be called the monetary system because it’s just a it’s basically a database in a network you get educated and again when you get informed have an investment thesis here’s what i like to purchase 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 guests using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro boodle bag special access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions be sure to have a look at the description for any promotional offers and to read more about our fantastic guests i’ll see you in etoro us’s club Peter Martin Trading 212.