There’s all these new cryptos is continuously flooding in…Trading 212 Margin Call… i suggest how do you make with this deluge of novel cryptocurrency um well well it’s a lot of that honestly has to do with education so you if you learn the the really essentials here’s how bitcoin works and and we talk with a great deal of once again monetary consultants here’s simply how bitcoin works and once you understand bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and then you begin to enter into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from comprehending how bitcoin functions then you get into that you know all these brand-new tokens all these 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 cost tomorrow is higher than the rate today that’s the only factor you’re entering into it which comes from education understanding and once again going back 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 someone 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 know naturally have to do a great deal of research study i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never ever heard of that i get a big ego and i’m like how might i not have heard of that however i have it and in some way it gets listed and there are probably tons of other people stating the exact same aspects of cryptos that i understand a lot about due to the fact that 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 method i take a look at it is one there are a couple of methods 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 invest in what do i like to purchase 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 invest in some that are just simply purely you understand pumps like pump schemes or something i understand a lot of people generated income on shiba inu i know a lot of individuals made money on dogecoin that’s excellent 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 must or they should not because there are a lot of individuals that have succeeded i select not to do that a person 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 awaken and i’m down here since what will take place is i’ll never ever sleep again and again from an emotional viewpoint i do not desire that i i try to discover a fair bit about the ones that i’m interested in or learn you know discover why i might be interested why they might have value and honestly guy it just takes a whole lot of education the other thing i’ll state about that real quickly is you hear a great deal of individuals who don’t understand a lot about crypto or or are truly against it stating saying i don’t understand how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or many of them can exist on their own a number 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 all right 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 work effectively so it so if we feel and and look this this enters into a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the factor is because i’ve remained in finance for so long and i know where the inefficiencies are and i understand if we can take some 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 innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient running on dollars running on us dollars over the banking system you have 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 due to the fact that there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to again in my viewpoint start to start to engulf the traditional monetary system and i don’t mean that whatever else is going to go away i suggest my feeling is banks and the crypto that the protocols and whatever are going to begin working together 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 so much cash 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 monetary system since it’s simply a it’s basically a database in a network you get informed and once again when you get informed have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically transmitted for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anyone or you can join etoro club and u.s club members get a lot of perks such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes reality etoro events make certain to take a look at the description for any promotional deals and to get more information about our incredible guests i’ll see you in etoro us’s club Trading 212 Margin Call.