Education understanding…Backtrader Etoro Example… and once again going back to an investment thesis honestly and stating i’m not going to invest in 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 study and find out what it is and discover where it suitables for me um i you understand of course have to do a whole lot 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 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 resemble how could i not have become aware of that however i have it and in some way it gets listed and there are probably lots of other people saying the same things about cryptos that i understand a lot about since i i tend to take a look at a great deal of defy things 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 inform myself as much as possible and after that have a concept of what i like to learn more about and like to buy what do i like to invest in do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to invest in some that are simply just simply you understand pumps like pump plans or something i know a great deal of individuals generated income on shiba inu i understand a lot of individuals made money on dogecoin that’s excellent to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anybody they must or they shouldn’t because there are a great deal of people that have actually done well i pick not to do that a person because they’re they trade remember 24 7 365.
i don’t wish to go to bed one night and i’m up here and awaken and i’m down here because what will happen is i’ll never ever sleep again and again from an emotional standpoint i do not desire that i i try to find out a fair bit about the ones that i have an interest in or learn you know discover why i might be interested why they may have value and truthfully man it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a great deal of individuals who do not understand a lot about crypto or or are actually versus 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 alright if eth is the currency of the ethereum network so there’s an entire network there and it needs to have his own it it requires to have its own currency to function effectively so it so if we feel and and look this this gets into a bit of an opinion i’m a big defy man i love decentralized finance and part of the factor is because i have actually been in financing for so long and i understand where the inefficiencies are and i understand if we can take a few of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be excellent the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually effective 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 very much truth to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted quantity 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 viewpoint start to begin to swallow up the traditional monetary system and i do not indicate that everything else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to begin 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 traditional finance 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 monetary system since it’s simply a it’s essentially a database in a network you get informed and again as soon as you get educated have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members directly engage with our guests using a q a and any person or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a devoted account supervisor if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro occasions make sure to check out the description for any marketing deals and for more information about our amazing guests i’ll see you in etoro us’s club Backtrader Etoro Example.