Education understanding…Bitcoin Trade Simulator Binance… and again going back to a financial investment thesis truthfully and saying i’m not going to invest in 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 know obviously 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 brand-new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i’ve never become aware of that i get a big ego and i’m like how could i not have actually heard of that however i have it and somehow it gets noted and there are probably tons of other individuals saying the very same features of cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the method i look at it is one there are a couple of ways one is i attempt to educate myself as much as possible and after that have an idea of what i like to discover and like to buy what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to buy some that are simply just purely you know pumps like pump schemes or something i know a lot of individuals made money on shiba inu i understand a great deal 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 anyone they must or they should not because there are a great deal of individuals that have done well i pick 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 sleep one night and i’m up here and awaken and i’m down here due to the fact that what will happen is i’ll never ever sleep again and again from a psychological perspective i do not want that i i try to learn quite a bit about the ones that i have an interest in or discover you know find out why i might be interested why they may have value and truthfully guy it just takes a great deal of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who do not understand a lot about crypto or or are actually versus it stating saying i do not comprehend 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 many 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 economic network okay 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 function effectively so it so if we feel and and look this this enters a little bit of a viewpoint i’m a big defy person i love decentralized financing and part of the reason is since i’ve remained in financing for so long and i know where the ineffectiveness are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain technology to do it that would be excellent the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be actually efficient 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 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 once again in my opinion start to begin to engulf the standard monetary system and i do not indicate that whatever else is going to disappear i imply my feeling is banks and the crypto that the protocols and everything are going to start interacting they’re going to begin incorporating together which’s where you’re visiting a good deal of this value so there’s so much money in the conventional financing system that’s going to make its way 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 financial system since it’s just a it’s essentially a database in a network you get educated and 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 specifically broadcast for etoro us club members our webinars let members straight connect with our guests using a q a and anyone or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag unique access to our month-to-month webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can likewise get things like a membership of the wall street journal delta pro and special invites to irl yes reality etoro events make certain to take a look at the description for any advertising offers and to find out more about our incredible visitors i’ll see you in etoro us’s club Bitcoin Trade Simulator Binance.