Education understanding…Augur On Etoro… and once again going back to a financial investment thesis truthfully and stating i’m not going to purchase 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 learn what it is and find out where it fits for me um i you understand obviously need to do a great deal of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh each week i see a new one being noted on some exchange and i’m and i go i have actually never even i can’t believe i have actually never become aware of that i get a big ego and i’m like how might i not have become aware of that however i have it and somehow it gets noted and there are probably lots of other individuals saying the same things about cryptos that i understand a lot about due to the fact that i i tend to take a look at a great deal 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 few 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 invest in 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 simply just simply you know pumps like pump schemes or something i understand a lot of people made money on shiba inu i know a lot of people generated income on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i choose not to and i’m not telling anybody they must or they should not because there are a lot of people that have actually succeeded i select not to do that one due to the fact that they’re they trade remember 24 7 365.
i don’t want to go to bed one night and i’m up here and get up and i’m down here because what will take place is i’ll never sleep again and again from an emotional perspective i don’t want that i i try to discover a fair bit about the ones that i have an interest in or discover you understand learn why i might be interested why they might have worth and honestly man it simply takes a great deal of education the other thing i’ll say about that real quickly is you hear a great deal of people who do not comprehend a lot about crypto or or are actually against it saying stating i don’t comprehend 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 many of them can exist on their own a number of them are a currency that is for a particular 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 fine 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 operate effectively so it so if we feel and and look this this gets into 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 been in finance for so long and i know where the inadequacies are and i know if we can take some of those ineffectiveness out of the system and we can use blockchain technology to do it that would be excellent 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 running on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it effective so there is to me not very much fact to the assertion that since there’s all these cryptocurrencies there’s a restricted 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 once again in my opinion start to start to engulf the conventional monetary system and i don’t imply that everything else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to begin incorporating together which’s where you’re visiting a great deal of this worth so there’s a lot money in the standard 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 eventually it’s just going to be called the financial system because it’s just a it’s essentially a database in a network you get educated and again when you get educated have an investment thesis here’s what i like to purchase here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly engage with our visitors using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of benefits such as an etoro swag 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 likewise get things like a subscription of the wall street journal delta pro and unique invites to irl yes reality etoro occasions be sure to check out the description for any advertising deals and to learn more about our fantastic guests i’ll see you in etoro us’s club Augur On Etoro.