Education understanding…Cryptotraders On Etoro… and once again returning to a financial investment thesis truthfully and stating i’m not going to buy 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 find out what it is and find out where it fits for me um i you understand naturally need to do a lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i have actually never become aware of that i get a huge ego and i resemble how could i not have become aware of that however i have it and in some way it gets listed and there are most likely lots of other people stating the exact same aspects of cryptos that i understand a lot about since i i tend to take a look at a lot of defy stuff i tend to look a great deal of those tokens so the the way i look at it is one there are a couple of methods one is i try to educate myself as much as possible and after that have a concept of what i like to learn more about and like to purchase what do i like to buy do i like to invest in the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to purchase some that are simply simply simply you know pumps like pump plans or something i know a lot of people generated income on shiba inu i know a lot of individuals generated income on dogecoin that’s fantastic to hear i don’t want to do that that that’s not me i select not to and i’m not telling anyone they should or they should not because there are a lot of people that have actually succeeded i select not to do that one since they’re they trade keep in mind 24 7 365.
i do not wish to go to sleep one night and i’m up here and awaken and i’m down here since what will happen is i’ll never ever sleep again and again from an emotional standpoint i don’t want that i i try to find out quite a bit about the ones that i’m interested in or learn you understand discover why i might be interested why they might have value and truthfully man it just takes a lot of education the other thing i’ll say about that real rapidly is you hear a great deal of people who do not understand a lot about crypto or or are actually against it stating saying i do not understand 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 much of them can exist on their own a lot 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 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 enters into a little bit of an opinion i’m a big defy guy i love decentralized finance and part of the factor is due to the fact that i’ve remained in finance for so long and i know where the inefficiencies are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be great the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly efficient running on dollars working 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 minimal quantity 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 engulf the standard monetary system and i don’t indicate that whatever else is going to disappear i indicate my sensation is banks and the crypto that the procedures and everything are going to begin interacting they’re going to begin incorporating together and that’s where you’re visiting a lot of this value so there’s a lot money in the conventional financing 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 simply going to be called the financial system due to the fact that it’s simply a it’s basically a database in a network you get educated and again when you get informed have an investment thesis here’s what i like to purchase 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 interact 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 perks such as an etoro swag 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 unique invites to irl yes reality etoro events make sure to take a look at the description for any promotional offers and for more information about our amazing visitors i’ll see you in etoro us’s club Cryptotraders On Etoro.