Education understanding…Etoro Lower Bound… and once again going back to a financial investment thesis truthfully and stating i’m not going to invest in anything even if i saw some dude 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 learn where it fits for me um i you know obviously have to do a great deal of research study 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 brand-new one being listed on some exchange and i’m and i go i have actually never ever even i can’t think i’ve never ever heard of that i get a huge ego and i’m like how might i not have actually heard of that but i have it and in some way it gets noted and there are probably lots of other individuals stating the exact 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 things i tend to look a lot of those tokens so the the way i look at it is one there are a few ways one is i attempt to inform myself as much as possible and after that have a concept of what i like to learn more about 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 don’t like to buy some that are just simply purely you know pumps like pump schemes or something i understand a great deal of individuals earned money on shiba inu i understand a lot of individuals made money on dogecoin that’s excellent to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anybody they need to or they should not because there are a lot of individuals that have actually done well i choose not to do that one due to the fact that they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and awaken and i’m down here due to the fact that what will happen is i’ll never ever sleep again and again from an emotional viewpoint i don’t desire that i i try to find out a fair bit about the ones that i’m interested in or learn you understand learn why i might be interested why they may have worth and truthfully man it simply takes a great deal 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 against it stating saying i don’t comprehend 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 lot of them can exist on their own a number 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 all right 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 work effectively so it so if we feel and and look this this enters into a bit of a viewpoint i’m a huge defy person i love decentralized finance and part of the reason is since i’ve been in financing for so long and i know where the ineffectiveness are and i understand if we can take a few of those ineffectiveness 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 innovation be really 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 efficient so there is to me not very much truth to the assertion that since 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 viewpoint start to begin to engulf the conventional financial system and i do not imply that everything else is going to go away i indicate my sensation is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to begin incorporating together and that’s where you’re visiting a good deal of this worth so there’s a lot 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 ultimately it’s simply going to be called the monetary system since it’s simply a it’s basically a database in a network you get informed and again when you get educated have an investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar solely transmitted for etoro us club members our webinars let members straight interact with our visitors using a q a and anybody or you can join etoro club and u.s club members get a bunch of perks such as an etoro swag bag exclusive access to our monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes real life etoro events be sure to check out the description for any promotional offers and to read more about our incredible guests i’ll see you in etoro us’s club Etoro Lower Bound.