There’s all these new cryptos is continuously flooding in…Verify Email Etoro… i mean how do you do 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 learn the the really essentials here’s how bitcoin works and and we speak with a great deal of once again financial advisors here’s just how bitcoin works and when you comprehend 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 investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies comes from understanding how bitcoin functions then you enter into that you understand all these new tokens all these brand-new cryptocurrencies a few of them are actually just there to try to where they have no functionality it’s simply we hope
that the rate tomorrow is higher than the cost today that’s the only factor you’re getting into it and that comes from education understanding and once again going back to a financial investment thesis honestly and saying i’m not going to buy anything just because 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 find out where it suitables for me um i you understand of course have to do a great deal of research i can’t keep up 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 even i can’t believe i’ve never become aware of that i get a huge ego and i’m like how might i not have heard of that but i have it and in some way it gets noted and there are most likely lots of other individuals saying the same things about cryptos that i know 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 lot of those tokens so the the way i take a look at it is one there are a couple of methods one is i try to educate myself as much as possible and then have an idea of what i like to discover 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 don’t like to invest in some that are just simply purely you understand pumps like pump plans or something i understand a lot of people made money on shiba inu i know a great deal of individuals generated income on dogecoin that’s fantastic 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 shouldn’t because there are a great deal of people that have succeeded i choose not to do that one because they’re they trade keep in mind 24 7 365.
i don’t wish to go to sleep one night and i’m up here and wake 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 standpoint i do not want that i i attempt to discover quite a bit about the ones that i’m interested in or discover you understand learn why i might be interested why they might 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 lot of people who do not comprehend a lot about crypto or or are actually versus it stating saying i don’t understand how there can be all these cryptocurrencies one of them has 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 a number of them are a currency that is for a particular 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 fine 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 an opinion i’m a huge defy man i love decentralized finance and part of the factor is due to the fact that i’ve been in financing for so long and i understand where the ineffectiveness are and i know if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient running on dollars working 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 quite reality to the assertion that because there’s all these cryptocurrencies there’s a minimal amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my viewpoint start to start to swallow up the traditional monetary system and i do not mean that everything else is going to go away i mean my feeling is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin incorporating together which’s where you’re going to see a good deal of this value so there’s a lot cash in the conventional financing system that’s going to make its way 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 financial system since it’s just a it’s basically a database in a network you get educated and again when you get educated have a financial 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 connect with our visitors utilizing a q a and any person or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro boodle bag exclusive access to our month-to-month 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 invitations to irl yes real life etoro occasions make sure to have a look at the description for any promotional deals and to learn more about our fantastic visitors i’ll see you in etoro us’s club Verify Email Etoro.