There’s all these brand-new cryptos is continuously flooding in…Theopisti Giokka Etoro… i imply how do you do with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you find out the the very fundamentals here’s how bitcoin works and and we talk with a great deal of once again financial consultants here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain innovation you comprehend transparency and immutability and all those things and after that you start to enter what is the financial investment thesis behind bitcoin which is 80 of the video game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter into that you know all these brand-new tokens all these brand-new cryptocurrencies a few of them are literally just there to try to where they have no performance it’s just we hope
that the rate tomorrow is higher than the price today that’s the only reason you’re getting into it which originates from education understanding and again returning to an investment thesis honestly and stating 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 study and learn what it is and discover where it fits for me um i you know naturally have to do a whole lot of research study i can’t keep up with probably 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 ever even i can’t believe 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 somehow it gets noted and there are most likely tons of other people stating the very same features of cryptos that i know a lot about because i i tend to take a 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 couple of methods one is i try to educate myself as much as possible and then have a concept of what i like to learn more about and like to invest in what do i like to invest in 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 do not like to invest in some that are just just purely you know pumps like pump schemes or something i understand a great deal of people generated income on shiba inu i understand a great deal of people generated income on dogecoin that’s terrific to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they ought to or they should not because there are a great deal of people that have succeeded i pick not to do that one due to the fact that they’re they trade remember 24 7 365.
i don’t wish to go to sleep one night and i’m up here and get up and i’m down here because what will take place is i’ll never sleep again and again from a psychological perspective i don’t want that i i try to learn quite a bit about the ones that i’m interested in or discover you understand learn why i might be interested why they may have worth and honestly man it just takes a great deal of education the other thing i’ll state about that genuine rapidly is you hear a great deal of individuals who don’t understand a lot about crypto or or are actually versus it saying saying 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 a number of them can exist on their own a lot of them are a currency that is for a specific 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 all right 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 needs to have its own currency to work effectively so it so if we feel and and look this this enters a bit of an opinion i’m a big defy person i love decentralized financing and part of the factor is since i have actually been in finance for so long and i know where the inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can use 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 innovation be really efficient working 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 very much truth to the assertion that since there’s all these cryptocurrencies there’s a limited amount 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 again in my opinion start to begin to engulf the standard monetary system and i don’t imply that everything else is going to go away i suggest my feeling is banks and the crypto that the procedures and whatever are going to start interacting they’re going to begin integrating together and that’s where you’re going to see a good deal of this value so there’s a lot money in the traditional financing system that’s going to make its method into what we currently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the financial system because it’s just a it’s essentially 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 purchase 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 engage with our visitors using a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag unique access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invites to irl yes real life etoro occasions make sure to take a look at the description for any promotional deals and to learn more about our incredible visitors i’ll see you in etoro us’s club Theopisti Giokka Etoro.