There’s all these brand-new cryptos is constantly flooding in…Ted Talk On New Trading Technology Using Bitcoin… i indicate how do you do 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 find out the the very basics here’s how bitcoin works and and we speak to a great deal of again monetary consultants here’s just how bitcoin works and once you comprehend bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and then you begin 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 comprehending how bitcoin functions then you enter that you understand all these brand-new tokens all these new cryptocurrencies a few of them are literally simply there to try to where they have no performance it’s simply we hope
that the price tomorrow is higher than the rate today that’s the only factor you’re entering it and that comes from education understanding and once again returning to a financial investment thesis honestly and stating i’m not going to buy anything just because i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and find out what it is and discover where it fits for me um i you understand of course need to do a great deal of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never ever become aware of that i get a huge ego and i’m like how might i not have actually become aware of that however i have it and somehow it gets listed and there are probably tons of other individuals saying the same things about cryptos that i know a lot about since i i tend to look at a great deal of defy things i tend to look a great deal of those tokens so the the method i look at it is one there are a few methods one is i try to inform myself as much as possible and then have an idea of what i like to learn more about and like to purchase what do i like to buy do i like to purchase the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to purchase some that are simply simply purely you understand pumps like pump schemes or something i know a lot of individuals made money on shiba inu i understand a lot of individuals earned money on dogecoin that’s terrific to hear i do not want to do that that that’s not me i select not to and i’m not telling anybody they need to or they should not because there are a lot of individuals that have actually done well i select not to do that a person because 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 wake up and i’m down here since what will take place is i’ll never sleep again and again from a psychological viewpoint i don’t desire that i i try to learn quite a bit about the ones that i’m interested in or learn you understand learn why i might be interested why they may have value and honestly male it just takes a lot of education the other thing i’ll say about that genuine quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are actually against it saying stating i do not 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 much 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 financial network fine if eth is the currency of the ethereum network so there’s an entire network there and it has to have his own it it needs to have its own currency to function effectively so it so if we feel and and look this this enters a bit of an opinion i’m a big defy man i love decentralized financing and part of the factor is because i’ve been in financing for so long and i understand where the inefficiencies are and i know if we can take a few of those ineffectiveness out of the system and we can utilize blockchain innovation to do it that would be excellent 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 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 effective so there is to me not quite reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited 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 begin to swallow up the standard financial system and i don’t indicate that whatever else is going to go away i imply 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 great deal of this value so there’s a lot money in the traditional financing system that’s going to make its way into what we currently call the crypto system or the
What’s bad about eToro? Ted Talk On New Trading Technology Using Bitcoin
Defi system and eventually it’s simply going to be called the financial system since it’s simply a it’s essentially a database in a network you get informed and again once 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 broadcast for etoro us club members our webinars let members directly interact with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag unique 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 subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions be sure to check out the description for any advertising deals and for more information about our fantastic guests i’ll see you in etoro us’s club Ted Talk On New Trading Technology Using Bitcoin.