There’s all these new cryptos is constantly flooding in…Programa Referidos Etoro… i mean how do you finish with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully has to do with education so you if you learn the the really essentials here’s how bitcoin works and and we talk to a great deal of once again financial advisors here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and then you begin to enter what is the investment thesis behind bitcoin and that is 80 of the video game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you get into that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are literally simply there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the price today that’s the only factor you’re entering it and that originates from education understanding and again returning to a financial investment thesis truthfully 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 learn what it is and find out where it suitables for me um i you know naturally need to do a whole lot of research i can’t keep up with most likely 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 think i’ve never ever become aware of that i get a huge ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets listed and there are probably tons of other individuals stating the very same aspects of cryptos that i know a lot about because i i tend to look at a great deal of defy things i tend to look a lot of those tokens so the the method i take a look at it is one there are a few methods one is i attempt to educate myself as much as possible and after that have an idea of what i like to find out about and like to invest in what do i like to purchase do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i don’t like to invest in some that are just simply purely you understand pumps like pump plans or something i understand a lot of individuals earned money on shiba inu i understand a lot of individuals earned money on dogecoin that’s terrific 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 great deal of people that have actually succeeded i choose not to do that one because they’re they trade remember 24 7 365.
i do not wish to go to sleep one night and i’m up here and wake up and i’m down here due to the fact that what will take place is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i attempt to discover a fair bit about the ones that i’m interested in or discover you understand discover why i might be interested why they might have value and honestly male it just takes a whole lot of education the other thing i’ll say about that real quickly is you hear a lot of individuals who don’t comprehend a lot about crypto or or are truly versus it stating stating i do not understand 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 many of them can exist on their own much 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 economic network okay 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 function efficiently so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the reason is since i’ve been in finance for so long and i know where the inefficiencies are and i understand if we can take a few of those inefficiencies 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 efficient without the currency that runs the network you can’t have the blockchain technology be really effective working on dollars operating 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 since there’s all these cryptocurrencies there’s a restricted amount 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 viewpoint start to start to swallow up the conventional financial system and i don’t indicate that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin incorporating together which’s where you’re going to see a great deal of this value so there’s a lot cash in the traditional finance system that’s going to make its way into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the financial system because it’s simply a it’s basically a database in a network you get educated and once again as soon as you get educated have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members directly communicate with our guests 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 boodle bag special access to our month-to-month 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 special invites to irl yes reality etoro occasions make sure to take a look at the description for any advertising offers and to find out more about our amazing visitors i’ll see you in etoro us’s club Programa Referidos Etoro.