There’s all these new cryptos is constantly flooding in…Trading 212 Zero Spread Suspended… i imply how do you finish with this deluge of unique cryptocurrency um well well it’s a great deal of that truthfully is about education so you if you discover the the very basics here’s how bitcoin works and and we speak to a lot of again financial consultants here’s simply how bitcoin works and when you understand bitcoin you understand things like blockchain technology you understand transparency and immutability and all those things and then you start to get into what is the financial investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies comes from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these brand-new cryptocurrencies some of them are actually simply there to attempt to where they have no performance it’s simply we hope
that the cost tomorrow is higher than the price today that’s the only reason you’re entering into it which originates from education understanding and once again going back to an investment thesis truthfully and stating 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 study and discover what it is and learn where it fits for me um i you know of course need to do a lot of research i can’t stay up to date with probably 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 have actually never ever even i can’t believe i’ve never ever become aware of that i get a big ego and i resemble how could i not have heard of that however i have it and in some way it gets noted and there are most likely tons of other individuals saying the same aspects 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 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 a concept of what i like to learn more about and like to buy what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to buy some that are simply simply purely you understand pumps like pump schemes or something i know a great deal of people made money on shiba inu i understand a lot of individuals earned 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 anyone they ought to or they should not because there are a great deal of individuals that have actually done well i pick not to do that one because they’re they trade remember 24 7 365.
i don’t want to go to sleep 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 don’t want that i i attempt to learn quite a 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 truthfully man it just takes a whole lot of education the other thing i’ll state about that genuine quickly is you hear a great deal of people who do not understand a lot about crypto or or are truly versus it stating saying i do not 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 a number 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 all right 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 efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a big defy man i love decentralized finance and part of the reason is because i have actually remained in financing for so long and i know where the inadequacies are and i know 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 technology be really effective running on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much truth to the assertion that because 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 once again in my viewpoint start to begin to swallow up the conventional monetary system and i don’t mean that everything else is going to disappear i mean my feeling is banks and the crypto that the procedures and everything are going to begin interacting they’re going to start incorporating together and that’s where you’re visiting a great deal of this worth so there’s so much 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 eventually it’s simply going to be called the financial system since it’s just a it’s essentially a database in a network you get educated and once again as soon as you get informed 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 straight communicate with our visitors utilizing a q a and anybody or you can join etoro club and u.s club members get a lot of advantages such as an etoro boodle bag unique access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and exclusive invites to irl yes reality etoro occasions be sure to have a look at the description for any marketing deals and for more information about our fantastic guests i’ll see you in etoro us’s club Trading 212 Zero Spread Suspended.