Education understanding…Beginning Unrealized Equity Etoro… and once again going back to an investment thesis truthfully 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 find out where it fits for me um i you understand of course need to do a 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 listed 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 could i not have heard of that but i have it and in some way it gets noted and there are most likely tons of other individuals stating the same features of 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 great deal of those tokens so the the way i look at it is one there are a few ways one is i try to educate myself as much as possible and then have an idea of what i like to learn more about and like to invest in what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i don’t like to buy some that are just simply purely you understand pumps like pump schemes or something i understand a lot of people made money on shiba inu i understand a lot of individuals generated income on dogecoin that’s excellent to hear i don’t 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 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 awaken and i’m down here due to the fact that what will occur is i’ll never ever sleep again and again from a psychological viewpoint i don’t desire that i i try to find out a fair bit about the ones that i’m interested in or learn you understand learn why i might be interested why they may have value and truthfully guy it simply takes a lot of education the other thing i’ll state about that real rapidly is you hear a great deal of people who do not understand a lot about crypto or or are really against it saying saying i don’t comprehend how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or a number of them can exist on their own a lot of them are a currency that is for a specific 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 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 requires to have its own currency to function efficiently so it so if we feel and and look this this enters a bit of an opinion i’m a huge defy person i love decentralized financing and part of the factor is because i’ve been in finance for so long and i understand where the inadequacies are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain innovation 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 innovation be truly effective operating on dollars running 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 very much reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited amount 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 begin to swallow up the conventional financial system and i do not imply that everything else is going to disappear i suggest my sensation is banks and the crypto that the protocols and everything are going to start interacting they’re going to start incorporating together which’s where you’re visiting a great deal of this value so there’s a lot cash in the standard 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 ultimately it’s just going to be called the monetary system since it’s just a it’s essentially a database in a network you get informed and again when you get informed have a financial investment thesis here’s what i like to buy 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 connect with our guests utilizing a q a and any person or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro events make certain to have a look at the description for any promotional offers and to get more information about our amazing visitors i’ll see you in etoro us’s club Beginning Unrealized Equity Etoro.