There’s all these new cryptos is constantly flooding in…Trading 212 Bitcoin Scandal… i mean 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 find out the the extremely fundamentals here’s how bitcoin works and and we talk to a lot of once again monetary consultants here’s just how bitcoin works and when you understand bitcoin you comprehend things like blockchain innovation you comprehend openness and immutability and all those things and then you begin to enter what is the financial 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 understand all these new tokens all these brand-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 rate tomorrow is higher than the rate today that’s the only factor you’re entering into it which originates from education understanding and once again returning to an investment thesis truthfully and saying i’m not going to purchase anything even if i saw some dude 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 find out where it fits for me um i you understand of course have to do a lot of research study i can’t stay up to date with most likely 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 have actually never ever even i can’t think i have actually never heard of that i get a huge ego and i’m like how could i not have heard of that however i have it and in some way it gets listed and there are probably lots of other individuals stating the very same features of cryptos that i understand a lot about since 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 take a look at it is one there are a few ways one is i try to inform myself as much as possible and then have a concept of what i like to find out about and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i do not like to buy some that are simply just purely you know pumps like pump plans or something i know a great deal of individuals made money on shiba inu i understand a great deal of people earned money on dogecoin that’s great to hear i do not want to do that that that’s not me i select not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people that have actually done well i pick not to do that a person since they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and awaken and i’m down here because what will take place is i’ll never ever sleep again and again from an emotional perspective i don’t want that i i attempt to learn quite a bit about the ones that i’m interested in or learn you know learn why i might be interested why they may have value and truthfully guy it just takes a lot of education the other thing i’ll state about that real quickly is you hear a great deal of people who do not understand 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 needs 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 much 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 economic network alright if eth is the currency of the ethereum network so there’s a whole network there and it needs to have his own it it needs to have its own currency to operate effectively so it so if we feel and and look this this enters into a bit of a viewpoint i’m a huge defy man i love decentralized financing and part of the factor is because i have actually remained in finance 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 use blockchain innovation to do it that would be excellent the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly 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 efficient so there is to me not quite fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to find 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 conventional financial system and i don’t imply that everything else is going to go away i mean my feeling is banks and the crypto that the procedures and whatever are going to start working together they’re going to begin incorporating together and that’s where you’re visiting a good deal of this value so there’s so much cash in the traditional financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and eventually it’s simply going to be called the financial system since it’s simply a it’s basically 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 invest in here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members straight connect with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro boodle bag exclusive access to our regular monthly 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 unique invitations to irl yes reality etoro events be sure to check out the description for any marketing offers and to learn more about our amazing visitors i’ll see you in etoro us’s club Trading 212 Bitcoin Scandal.