Education understanding…Backtrader Etoro… and once again returning to a financial investment thesis truthfully and saying i’m not going to invest in 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 and discover what it is and learn where it fits for me um i you know of course have 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 every week i see a new one being listed on some exchange and i’m and i go i have actually never even i can’t believe i’ve never ever become aware of that i get a big ego and i’m like how could i not have actually heard of that but i have it and in some way it gets noted and there are probably lots of other people stating the same aspects of cryptos that i understand a lot about because i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a couple of ways one is i attempt to inform myself as much as possible and after that have a concept of what i like to learn about and like to invest in what do i like to purchase do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to buy some that are just just purely you know pumps like pump plans or something i understand a great deal of people made money on shiba inu i know a great deal of people made money on dogecoin that’s terrific 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 need to or they shouldn’t because there are a lot of individuals that have actually done well i choose not to do that one because they’re they trade keep in mind 24 7 365.
i do not wish to go to bed one night and i’m up here and wake up and i’m down here due to the fact that what will happen is i’ll never sleep again and again from a psychological perspective i do not desire that i i attempt to find out quite a bit about the ones that i’m interested in or discover you know find out why i might be interested why they might have value and truthfully male it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a great deal of people who don’t comprehend a lot about crypto or or are really versus it stating saying i don’t understand how there can be all these cryptocurrencies among them has 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 many 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 a whole network there and it needs 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 little bit of a viewpoint 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 understand where the ineffectiveness are and i understand if we can take some of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be fantastic the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient running on dollars running 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 because there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to once again in my viewpoint start to begin to swallow up the standard financial system and i don’t imply that whatever else is going to go away i suggest my sensation is banks and the crypto that the protocols and whatever are going to begin interacting they’re going to start incorporating together and that’s where you’re going to see a good deal of this worth so there’s a lot money in the conventional finance system that’s going to make its method into what we currently 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 simply a it’s essentially a database in a network you get informed and once again as soon as you get educated have a financial investment thesis here’s what i like to invest in here’s what i don’t this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members straight connect with our guests utilizing a q a and any person or you can join etoro club and u.s club members get a bunch of advantages such as an etoro swag bag exclusive access to our monthly 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 exclusive invites to irl yes real life etoro events make certain to have a look at the description for any advertising deals and to find out more about our remarkable guests i’ll see you in etoro us’s club Backtrader Etoro.