Education understanding…Bakkt Vs Etoro… and again returning to an investment thesis honestly and saying i’m not going to purchase anything just because i saw some man pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and learn what it is and discover where it fits for me um i you understand naturally 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 every week i see a new one being noted on some exchange and i’m and i go i’ve never even i can’t think i have actually never heard of that i get a big ego and i’m like how might i not have actually heard of that however i have it and somehow it gets listed and there are most likely lots of other individuals stating the same things about cryptos that i understand a lot about because i i tend to look at a great deal of defy stuff i tend to look a great deal of those tokens so the the method i look at it is one there are a few methods one is i try to inform myself as much as possible and after that have a concept of what i like to find out about and like to buy what do i like to buy do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so understanding those i don’t like to purchase some that are simply just simply you know pumps like pump schemes or something i understand a great deal of people made money on shiba inu i know a great deal of individuals generated income on dogecoin that’s excellent to hear i do not wish to do that that that’s not me i select not to and i’m not telling anybody they should or they should not because there are a lot of people that have actually done well i choose not to do that one since they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from a psychological standpoint i don’t desire that i i try to learn a fair bit about the ones that i have an interest in or learn you understand learn why i might be interested why they may have value and honestly male it just takes a great deal of education the other thing i’ll say about that real rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are truly against it stating stating i don’t comprehend how there can be all these cryptocurrencies one of 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 much of them are a currency that is for a specific 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 has to have his own it it needs to have its own currency to function efficiently so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy person i love decentralized financing and part of the factor is because i’ve been in financing 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 innovation to do it that would be terrific the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually efficient operating 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 due to the fact that there’s all these cryptocurrencies there’s a minimal amount 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 again in my opinion start to begin to engulf the traditional financial system and i do not indicate that whatever else is going to go away i imply my sensation is banks and the crypto that the procedures and everything are going to begin working together they’re going to start integrating together which’s where you’re visiting a good deal of this worth so there’s a lot money in the conventional financing system that’s going to make its way 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 monetary system because it’s simply a it’s basically a database in a network you get informed and again when 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 utilizing a q a and anyone or you can join etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account manager 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 real life etoro events be sure to check out the description for any advertising deals and to get more information about our amazing guests i’ll see you in etoro us’s club Bakkt Vs Etoro.