There’s all these new cryptos is continuously flooding in…Valentina Reingold Etoro… i indicate how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that honestly is about education so you if you learn the the really basics here’s how bitcoin works and and we talk to a great deal of once again financial consultants here’s just how bitcoin works and as soon as you comprehend bitcoin you comprehend things like blockchain technology you understand openness and immutability and all those things and then you start to enter what is the investment thesis behind bitcoin and that is 80 of the game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these new tokens all these new cryptocurrencies a few 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 rate today that’s the only reason you’re entering it which comes from education understanding and once again returning to a financial investment thesis honestly and stating i’m not going to buy anything even if i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and learn what it is and discover where it suitables for me um i you understand of course have to do a great deal of research i can’t stay up to date with most likely 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’ve never ever even i can’t believe i have actually never become aware of that i get a huge ego and i resemble how might i not have become aware of that however i have it and somehow it gets listed and there are most likely lots of other people stating the exact same features of cryptos that i know a lot about due to the fact that i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few methods one is i attempt to educate myself as much as possible and then have an idea of what i like to discover and like to invest in what do i like to purchase do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to buy some that are just just simply you know pumps like pump schemes or something i know a lot of individuals generated income on shiba inu i understand a great deal of people earned money on dogecoin that’s terrific to hear i don’t want to do that that that’s not me i choose not to and i’m not telling anybody they need to or they should not because there are a lot of individuals that have 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 bed one night and i’m up here and awaken and i’m down here because what will occur is i’ll never sleep again and again from a psychological perspective i don’t want that i i attempt to learn quite a bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have worth and honestly guy it simply takes a lot of education the other thing i’ll say about that real quickly is you hear a lot of individuals who do not comprehend a lot about crypto or or are really versus 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 a number 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 a whole network there and it needs to have his own it it requires to have its own currency to operate efficiently so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy guy i love decentralized financing and part of the factor is since 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 important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be actually effective operating on dollars working 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 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 determine which one’s going to be the winner it is going to once again in my opinion start to begin to swallow up the traditional financial system and i don’t indicate that whatever else is going to disappear i imply my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start incorporating together which’s where you’re visiting a lot of this value so there’s so much money in the standard finance system that’s going to make its way into what we presently call the crypto system or the
What’s bad about eToro? Valentina Reingold Etoro
Defi system and ultimately it’s just going to be called the monetary system since it’s just a it’s basically a database in a network you get informed and once again when you get educated have an investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar specifically relayed for etoro us club members our webinars let members directly interact with our guests using a q a and anyone or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our regular 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 special invites to irl yes reality etoro events be sure to take a look at the description for any promotional offers and to learn more about our remarkable guests i’ll see you in etoro us’s club Valentina Reingold Etoro.