There’s all these new cryptos is constantly flooding in…Vertcoin Etoro… i indicate how do you do with this deluge of novel cryptocurrency um well well it’s a great deal of that truthfully has to do with education so you if you learn the the very basics here’s how bitcoin works and and we talk with a lot of once again financial advisors here’s just how bitcoin works and when you comprehend bitcoin you comprehend things like blockchain innovation you comprehend transparency and immutability and all those things and then you begin to get into what is the financial investment thesis behind bitcoin and that is 80 of the video game right there 80 of comprehending these other crypto currencies originates from understanding how bitcoin functions then you enter that you understand all these new tokens all these new cryptocurrencies some of them are literally just there to try to where they have no functionality it’s just we hope
that the price tomorrow is higher than the price today that’s the only factor you’re entering into it and that originates from education understanding and again returning to an investment thesis honestly and saying i’m not going to buy anything just because i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and learn where it suitables for me um i you know of course have 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 new one being noted on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never ever heard of that i get a big ego and i resemble how could i not have become aware of that however i have it and somehow it gets listed and there are probably tons of other people stating the same features of cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a great deal of those tokens so the the way i take a look at it is one there are a few methods one is i try to inform myself as much as possible and then have an idea of what i like to learn more about and like to invest in what do i like to invest in do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so understanding those i don’t like to purchase some that are simply just simply you understand pumps like pump plans or something i understand a lot of people made money on shiba inu i understand a lot of individuals earned money on dogecoin that’s terrific to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anyone they must or they shouldn’t because there are a great deal of people that have succeeded i select not to do that a person since they’re they trade remember 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 since what will occur is i’ll never sleep again and again from an emotional viewpoint i do not desire that i i try to discover quite a bit about the ones that i have an interest in or discover you understand learn why i might be interested why they may have worth and truthfully man it just takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are truly against it saying saying i do not comprehend 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 lot of them can exist on their own a lot 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 financial network okay 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 bit of an opinion i’m a big defy person i love decentralized finance and part of the factor is due to the fact that i’ve remained in financing for so long and i know where the inadequacies are and i know if we can take a few of those inefficiencies out of the system and we can utilize blockchain innovation to do it that would be terrific 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 effective working on dollars operating 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 quite truth to the assertion that because there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to begin to engulf the conventional financial system and i don’t suggest that whatever else is going to disappear i mean my sensation is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to begin integrating together and that’s where you’re going to see a great deal of this value so there’s so much money in the traditional financing system that’s going to make its method into what we presently call the crypto system or the
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Defi system and ultimately it’s simply going to be called the financial system because it’s just a it’s essentially a database in a network you get informed and again when you get informed have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly communicate with our guests using a q a and any person or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag unique access to our month-to-month webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro events be sure to check out the description for any promotional deals and to learn more about our fantastic visitors i’ll see you in etoro us’s club Vertcoin Etoro.