Education understanding…Etoro Crypto Hebel… and again going back to an investment thesis truthfully and saying i’m not going to invest in anything just because i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and learn what it is and discover where it suitables for me um i you understand obviously have to do a whole lot of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t believe i’ve never heard 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 in some way it gets noted and there are most likely lots of other people stating the very same things about cryptos that i know a lot about due to the fact that i i tend to look at a great deal 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 try to inform myself as much as possible and after that have an idea of what i like to find out about and like to purchase what do i like to invest in do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to buy some that are simply just simply you understand pumps like pump schemes or something i know a lot of people earned money on shiba inu i know a lot of people generated income on dogecoin that’s terrific to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they should or they should not because there are a lot of individuals that have succeeded i choose not to do that a person since they’re they trade keep in mind 24 7 365.
i do not want to go to bed 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 ever sleep again and again from an emotional viewpoint i do not want that i i try to find out quite a bit about the ones that i have an interest in or discover you understand find out why i might be interested why they might have value and honestly man it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are really versus it stating saying i do not understand how there can be all these cryptocurrencies one of them needs to win however 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 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 financial 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 work effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy person i love decentralized financing and part of the reason is since i’ve remained 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 important things is the blockchain technology is not efficient without the currency that runs the network you can’t have the blockchain technology be really effective operating on dollars operating on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much reality 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 find out which one’s going to be the winner it is going to again in my opinion start to begin to swallow up the traditional monetary system and i don’t suggest that whatever else is going to disappear i suggest my feeling is banks and the crypto that the procedures and everything are going to start collaborating they’re going to start incorporating together which’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 way into what we currently call the crypto system or the
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Defi system and ultimately 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 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 solely relayed for etoro us club members our webinars let members directly interact 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 monthly webinars quarterly market reports and a dedicated account supervisor if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro events be sure to check out the description for any promotional offers and to find out more about our amazing guests i’ll see you in etoro us’s club Etoro Crypto Hebel.