There’s all these new cryptos is continuously flooding in…Solium Shareworks To Etoro… i indicate how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you learn the the extremely essentials here’s how bitcoin works and and we talk to a great deal of once again financial consultants here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain technology you comprehend transparency and immutability and all those things and then you start to enter into what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies a few of them are literally simply 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 factor you’re getting into it and that comes from education understanding and once again returning to a financial investment thesis honestly and stating i’m not going to invest in 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 and learn what it is and discover where it suitables for me um i you know obviously need to do a whole lot of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t think i’ve never become aware of that i get a big ego and i resemble how might i not have heard of that but i have it and in some way it gets listed and there are probably lots of other individuals stating the exact same features of cryptos that i understand a lot about due to the fact that 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 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 an idea of what i like to find out about and like to buy what do i like to buy do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to purchase some that are just simply simply you know pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i understand a great deal of individuals earned money on dogecoin that’s great to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anyone 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 since 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 get up and i’m down here due to the fact that what will occur is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i attempt to learn a fair bit about the ones that i’m interested in or learn you know discover why i might be interested why they may have worth and truthfully male it simply takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who do not comprehend a lot about crypto or or are actually against it saying 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 much of them can exist on their own many 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 financial 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 operate efficiently so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy person i love decentralized financing and part of the reason is since i have actually been in financing for so long and i know where the ineffectiveness 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 fantastic the important things is the blockchain technology is not effective 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 fact to the assertion that because there’s all these cryptocurrencies there’s a limited quantity 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 once again in my viewpoint start to begin to swallow up the conventional monetary system and i do not imply that whatever else is going to go away i suggest my sensation is banks and the crypto that the procedures and whatever are going to begin collaborating they’re going to begin integrating together which’s where you’re visiting a good deal 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
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Defi system and eventually 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 informed and again when you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly engage with our visitors using 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 boodle bag special access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a membership 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 advertising offers and to get more information about our incredible visitors i’ll see you in etoro us’s club Solium Shareworks To Etoro.