There’s all these new cryptos is constantly flooding in…Rocket League How To Middle Man Trade Cross Platform… i mean how do you make with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you discover the the really basics here’s how bitcoin works and and we talk to a lot of again monetary consultants here’s simply how bitcoin works and when you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you start to get into 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 new tokens all these new cryptocurrencies some of them are actually just there to try to where they have no performance it’s just we hope
that the cost tomorrow is higher than the cost today that’s the only factor you’re entering it which originates from education understanding and once again going back to an investment thesis truthfully and saying i’m not going to buy anything even if i saw some dude 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 understand obviously need to do a lot of research i can’t stay up to date with probably 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 believe i have actually never ever heard of that i get a big ego and i’m like how could i not have become aware of that but i have it and in some way it gets listed and there are most likely tons of other people stating the same features of cryptos that i know a lot about since 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 ways one is i attempt to inform myself as much as possible and then have an idea of what i like to learn more about and like to buy what do i like to buy 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 buy some that are just just purely you understand pumps like pump plans or something i know a great deal of people made money on shiba inu i know a great deal of individuals made money on dogecoin that’s great 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 should not because there are a lot of individuals that have actually succeeded i choose 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 sleep one night and i’m up here and get up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from an emotional viewpoint i don’t want that i i try to find out quite a bit about the ones that i have an interest in or discover you understand find out why i might be interested why they might have worth and honestly male it simply takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a lot of people who do not understand a lot about crypto or or are truly versus it stating stating i don’t understand 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 many of them can exist on their own a number 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 economic network all right 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 needs 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 an opinion i’m a big defy person i love decentralized finance and part of the reason is because i have actually been in finance for so long and i understand where the inefficiencies are and i know if we can take some of those inefficiencies out of the system and we can use blockchain innovation to do it that would be excellent the thing is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective operating 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 very much truth to the assertion that because there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to enter 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 begin to engulf the standard monetary system and i don’t suggest that whatever else is going to go away i imply my feeling is banks and the crypto that the procedures and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a good deal of this worth so there’s so much cash in the standard 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 again as soon as you get educated have an investment thesis here’s what i like to buy 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 communicate with our visitors using a q a and any person 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 manager if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro occasions be sure to check out the description for any marketing offers and to read more about our amazing guests i’ll see you in etoro us’s club Rocket League How To Middle Man Trade Cross Platform.