Education understanding…Etoro Bitcoin Exchange… and once again going back to a financial investment thesis truthfully and stating 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 and learn what it is and find out where it suitables for me um i you understand of course need to do a great deal of research i can’t keep up with probably 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’ve never ever even i can’t think i have actually never ever heard of that i get a big ego and i resemble how could i not have actually become aware of that but i have it and in some way it gets noted and there are probably lots of other individuals saying the same things about cryptos that i know a lot about because i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few ways one is i attempt to inform myself as much as possible and then have an idea of what i like to learn about and like to invest in what do i like to buy 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 don’t like to buy some that are simply simply simply you understand pumps like pump plans or something i understand a great deal of people earned money on shiba inu i know a great deal of individuals generated income on dogecoin that’s great to hear i don’t wish 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 lot of people that have actually succeeded i choose not to do that a person 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 wake up and i’m down here due to the fact that what will take place 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 discover why i might be interested why they may have worth and truthfully man it simply takes a whole lot of education the other thing i’ll say about that real quickly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are actually versus it saying stating i do not 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 number of them can exist on their own much 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 economic network fine 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 function effectively so it so if we feel and and look this this enters a bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the factor is since i’ve remained in finance for so long and i know where the inadequacies are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be fantastic the important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain innovation be really effective working on dollars running on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much truth to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited quantity of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my viewpoint start to begin to engulf the standard financial system and i don’t indicate that whatever else is going to go away i imply my sensation 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 worth so there’s a lot cash in the traditional 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 eventually it’s simply going to be called the financial system because it’s simply a it’s basically a database in a network you get informed and once again as soon as you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar specifically 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 swag bag unique access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions make sure to check out the description for any advertising deals and to read more about our fantastic visitors i’ll see you in etoro us’s club Etoro Bitcoin Exchange.