Education understanding…Etoro Forum Forex… and again going back to a financial investment thesis honestly and stating i’m not going to purchase anything even if 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 discover where it suitables for me um i you understand of course have to do a whole lot of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh each week i see a new one being noted 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 big ego and i’m like how could i not have become aware of that however i have it and somehow it gets listed and there are probably tons of other people stating the exact same aspects of cryptos that i know a lot about because i i tend to look at a lot of defy stuff i tend to look a lot of those tokens so the the way 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 an idea of what i like to discover and like to buy 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 do not like to invest in some that are simply simply simply you understand pumps like pump plans or something i know a lot of individuals earned money on shiba inu i understand a lot of individuals made money 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 need to or they should not because there are a great deal of people that have actually succeeded i choose not to do that a person due to the fact that they’re they trade keep in mind 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 because what will occur is i’ll never sleep again and again from a psychological viewpoint i do not want that i i attempt to learn a fair bit about the ones that i have an interest in or learn you understand discover why i might be interested why they may have value and truthfully guy it just takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of people who don’t understand a lot about crypto or or are truly versus it stating saying i don’t understand 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 a number 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 fine 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 operate efficiently so it so if we feel and and look this this gets into a little bit of an opinion i’m a huge defy man i love decentralized finance and part of the factor is because i have actually remained in finance for so long and i know where the inadequacies are and i understand if we can take some of those inadequacies 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 working 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 quite fact to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to go 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 start to swallow up the standard monetary system and i do not mean that everything else is going to disappear i suggest my feeling is banks and the crypto that the procedures and everything are going to begin interacting they’re going to begin incorporating together which’s where you’re going to see a lot of this worth so there’s so much cash in the conventional finance 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 eventually it’s just 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 educated and once 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 exclusively broadcast for etoro us club members our webinars let members straight connect with our visitors using a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag special access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events make sure to have a look at the description for any marketing deals and to find out more about our incredible visitors i’ll see you in etoro us’s club Etoro Forum Forex.