Education understanding…Copyfound Etoro… and again returning to an investment thesis honestly and saying i’m not going to buy anything just because i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research and find out what it is and find out where it suitables for me um i you know of course have to do a whole lot 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 think i have actually never ever heard of that i get a huge ego and i resemble how might i not have heard of that however i have it and in some way it gets noted and there are probably tons of other people stating the exact same aspects of cryptos that i know a lot about due to the fact that i i tend to look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i take a look at it is one there are a few ways one is i try to inform myself as much as possible and then 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 cash flow or liquidity procedure or something like that so understanding those i do not like to purchase some that are simply just simply you understand pumps like pump plans or something i understand a lot of people generated income on shiba inu i know a great deal of people earned money on dogecoin that’s excellent to hear i do not want to do that that that’s not me i choose not to and i’m not telling anyone they must or they should not because there are a great deal of people that have done well i pick not to do that one since they’re they trade remember 24 7 365.
i don’t want to go to sleep one night and i’m up here and get up and i’m down here since what will happen is i’ll never sleep again and again from a psychological perspective i don’t desire that i i attempt to learn a fair bit about the ones that i have an interest in or discover you understand learn why i might be interested why they might have value and honestly man it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a lot of people who don’t comprehend a lot about crypto or or are truly against it stating stating i don’t understand how there can be all these cryptocurrencies among them has to win however that’s that’s not the case they are all they they can or many 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 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 needs to have its own currency to operate effectively so it so if we feel and and look this this gets into a bit of a viewpoint i’m a big defy man i love decentralized financing and part of the reason is since i have actually remained in finance for so long and i understand where the inadequacies are and i know if we can take some of those inefficiencies out of the system and we can use blockchain technology to do it that would be terrific the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be truly efficient operating 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 quite reality 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 find out which one’s going to be the winner it is going to once again in my opinion start to begin to engulf the standard financial system and i do not mean that everything else is going to disappear i imply my sensation is banks and the crypto that the procedures and whatever are going to start interacting they’re going to start integrating together and that’s where you’re visiting a great deal of this value so there’s a lot cash in the traditional finance 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 simply going to be called the financial system due to the fact that it’s just a it’s basically a database in a network you get informed and once again once 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 solely transmitted for etoro us club members our webinars let members straight interact with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro swag bag unique 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 unique invites to irl yes reality etoro occasions make certain to check out the description for any advertising deals and to find out more about our fantastic visitors i’ll see you in etoro us’s club Copyfound Etoro.