There’s all these brand-new cryptos is continuously flooding in…Sambia Vs Etoro… i imply how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that truthfully is about education so you if you learn the the extremely essentials here’s how bitcoin works and and we speak to a lot of once again financial advisors here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain innovation you understand transparency and immutability and all those things and after that you start to get into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of comprehending these other crypto currencies originates from comprehending how bitcoin functions then you enter into that you know all these new tokens all these brand-new cryptocurrencies some of them are actually just there to attempt to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the price today that’s the only reason you’re entering 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 even if i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and discover what it is and learn where it fits for me um i you understand obviously 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 every week i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t think i have actually never heard of that i get a big ego and i’m like how might i not have actually become aware of that but i have it and somehow it gets listed and there are most likely tons of other people saying the very same features of cryptos that i understand a lot about because i i tend to take a look at a great deal of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a few ways one is i attempt to inform myself as much as possible and after that have a concept of what i like to learn about and like to buy 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 understanding those i do not like to purchase some that are simply just simply you understand pumps like pump schemes or something i know a great deal of people made money on shiba inu i understand a great deal of people earned money on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i pick not to and i’m not telling anyone they should or they should not because there are a great deal of individuals that have actually done well i select not to do that one since they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and wake up and i’m down here since what will take place is i’ll never sleep again and again from an emotional standpoint i don’t want that i i attempt to learn a fair bit about the ones that i have an interest in or learn you know find out why i might be interested why they may have value and truthfully guy it simply takes a great deal of education the other thing i’ll say about that real quickly is you hear a great deal of people who don’t understand a lot about crypto or or are actually versus it saying saying 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 a lot of them can exist on their own a number 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 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 needs to have its own currency to operate efficiently so it so if we feel and and look this this enters into a bit of a viewpoint i’m a big defy person i love decentralized financing and part of the reason is because i have actually been in finance for so long and i understand where the inadequacies are and i understand if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be excellent the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually efficient running on dollars running on us dollars over the banking system you need 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 since there’s all these cryptocurrencies there’s a minimal quantity 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 once again in my viewpoint start to begin to swallow up the standard monetary system and i do not imply 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 incorporating together which’s where you’re visiting a great deal of this worth so there’s so much money in the traditional finance 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 eventually it’s just going to be called the monetary system because it’s simply a it’s basically a database in a network you get informed and again as soon as you get educated have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members straight connect with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a bunch of advantages such as an etoro swag bag special access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invites to irl yes real life etoro events be sure to take a look at the description for any promotional offers and to get more information about our incredible visitors i’ll see you in etoro us’s club Sambia Vs Etoro.