There’s all these new cryptos is constantly flooding in…Why Is Etoro Down… i mean how do you make with this deluge of unique cryptocurrency um well well it’s a great deal of that honestly is about education so you if you learn the the very fundamentals here’s how bitcoin works and and we talk with a great deal of again financial advisors here’s just how bitcoin works and as soon as you understand bitcoin you comprehend things like blockchain technology you understand transparency and immutability and all those things and after that you begin to enter into what is the investment thesis behind bitcoin which is 80 of the game right there 80 of understanding these other crypto currencies originates from understanding how bitcoin functions then you enter that you know all these brand-new tokens all these new cryptocurrencies some of them are literally just there to attempt 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 entering it and that comes from education understanding and once again returning to an investment thesis honestly and saying 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 and learn what it is and learn where it suitables for me um i you know obviously have to do a lot of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being listed on some exchange and i’m and i go i’ve never even i can’t believe i’ve never become aware of that i get a huge ego and i resemble how might i not have become aware of that but i have it and somehow it gets listed and there are probably tons of other people saying the exact same aspects 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 things i tend to look a great deal of those tokens so the the method i take a look at it is one there are a couple of ways one is i try to educate myself as much as possible and then have a concept of what i like to learn about and like to purchase what do i like to buy do i like to invest in the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to buy some that are just just simply you understand pumps like pump plans or something i know a lot of individuals earned money on shiba inu i know a great deal of individuals made money 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 anyone they need to or they should not because there are a lot of people that have succeeded i select not to do that a person since they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and get up and i’m down here since what will take place is i’ll never ever sleep again and again from a psychological standpoint i do not desire that i i try to find out quite a bit about the ones that i’m interested in or discover you know discover why i might be interested why they might have value and truthfully man it simply takes a lot of education the other thing i’ll state about that real rapidly is you hear a lot of people who don’t understand a lot about crypto or or are truly versus it stating saying i don’t understand how there can be all these cryptocurrencies one of them has to win however that’s that’s not the case they are all they they can or a lot of them can exist on their own much 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 okay if eth is the currency of the ethereum network so there’s a whole network there and it has to have his own it it requires to have its own currency to work effectively so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is since i’ve been in finance for so long and i know where the inadequacies are and i understand if we can take a few of those ineffectiveness out of the system and we can use blockchain technology to do it that would be fantastic the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain technology be really efficient working on dollars running 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 since there’s all these cryptocurrencies there’s a minimal quantity 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 once again in my opinion start to start to swallow up the traditional monetary 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 whatever are going to begin collaborating they’re going to begin integrating together which’s where you’re visiting a good deal of this worth so there’s so much cash in the traditional finance 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 eventually it’s just going to be called the financial system because it’s just a it’s basically a database in a network you get educated and again once 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 specifically transmitted for etoro us club members our webinars let members directly interact 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 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 membership of the wall street journal delta pro and special invitations to irl yes reality etoro occasions make sure to take a look at the description for any promotional offers and to learn more about our fantastic guests i’ll see you in etoro us’s club Why Is Etoro Down.