Education understanding…Etoro Micro Transactions… and again going back to a financial investment thesis honestly and stating i’m not going to buy anything just because 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 discover where it suitables for me um i you understand of course need 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 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 have actually never heard of that i get a big ego and i’m like how might i not have actually heard of that but i have it and in some way it gets listed and there are most likely lots of other individuals stating the exact same things about cryptos that i know a lot about since i i tend to look at a lot of defy things i tend to look a great deal 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 educate myself as much as possible and then have a concept of what i like to learn about and like to buy what do i like to purchase 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 don’t like to purchase some that are simply just purely you know pumps like pump schemes or something i know a great deal of people generated income on shiba inu i understand a lot of people generated income on dogecoin that’s excellent 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 must or they shouldn’t because there are a great deal of people that have actually succeeded i choose not to do that a person because 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 happen is i’ll never ever sleep again and again from a psychological viewpoint i don’t want that i i attempt to learn a fair bit about the ones that i’m interested in or learn you know learn why i might be interested why they might have value and honestly man it just takes a whole lot of education the other thing i’ll state about that genuine rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are truly versus it saying stating i do not 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 much of them can exist on their own a number of them are a currency that is for a particular 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 financial network alright if eth is the currency of the ethereum network so there’s an entire network there and it needs 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 a viewpoint i’m a big defy person i love decentralized finance and part of the factor is due to the fact that i’ve been in finance for so long and i know where the inefficiencies are and i understand if we can take some of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be terrific the thing is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective running 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 since there’s all these cryptocurrencies there’s a restricted 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 traditional monetary system and i don’t suggest that everything else is going to go away i indicate my feeling is banks and the crypto that the procedures and everything are going to start 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 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 monetary system since it’s simply a it’s basically a database in a network you get educated and again when you get informed have a financial 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 straight engage 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 lot of benefits such as an etoro swag bag unique access to our month-to-month webinars quarterly market reports and a devoted account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and unique invitations to irl yes real life etoro occasions make sure to check out the description for any promotional offers and to learn more about our remarkable visitors i’ll see you in etoro us’s club Etoro Micro Transactions.