There’s all these brand-new cryptos is continuously flooding in…Trading Fees On Coinbase Pro Vs Bittrex… i suggest how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly has to do with education so you if you discover the the very fundamentals here’s how bitcoin works and and we speak to a lot of once again financial consultants here’s simply how bitcoin works and when you understand bitcoin you comprehend things like blockchain innovation you understand openness and immutability and all those things and then you begin 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 originates from comprehending how bitcoin functions then you enter into that you understand all these new tokens all these new cryptocurrencies a few of them are literally just there to attempt to where they have no functionality it’s just we hope
that the rate tomorrow is higher than the cost today that’s the only reason you’re entering into it and that originates from education understanding and again going back to an investment thesis honestly and stating i’m not going to buy anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and find out what it is and learn where it suitables for me um i you understand 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 think i’ve never ever heard of that i get a big ego and i resemble how could i not have heard of that but 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 look at a lot of defy things i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i try to inform myself as much as possible and after that have an idea of what i like to learn more about and like to invest in what do i like to purchase do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to buy some that are simply just simply you know pumps like pump plans or something i know a great deal of individuals earned money on shiba inu i understand a great deal of individuals generated income on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anybody they should or they should not because there are a great deal of individuals that have done well i pick not to do that a person due to the fact that they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and get up and i’m down here because what will happen is i’ll never ever sleep again and again from an emotional standpoint 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 find out why i might be interested why they may have value and honestly male it simply 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 really versus it saying saying i do not understand how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or a number of them can exist on their own much 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 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 requires to have its own currency to work efficiently so it so if we feel and and look this this enters a bit of a viewpoint i’m a big defy man i love decentralized financing and part of the factor is because i have actually remained in finance for so long and i know where the ineffectiveness are and i understand if we can take some of those inefficiencies out of the system and we can use blockchain technology to do it that would be great the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be really effective operating on dollars working 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 because there’s all these cryptocurrencies there’s a restricted quantity 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 viewpoint start to start to swallow up the standard monetary system and i don’t imply that everything else is going to go away i mean my sensation is banks and the crypto that the procedures and everything are going to start working together they’re going to start integrating together and that’s where you’re visiting a great deal of this worth so there’s so much cash in the traditional financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and ultimately it’s just going to be called the financial system since it’s just a it’s basically a database in a network you get informed and again as soon as you get informed have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag special 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 exclusive invites to irl yes reality etoro occasions be sure to have a look at the description for any promotional deals and to find out more about our incredible guests i’ll see you in etoro us’s club Trading Fees On Coinbase Pro Vs Bittrex.