Education understanding…Etoro Mobile App… and once again returning to a financial investment thesis truthfully and saying i’m not going to buy anything just because i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and learn where it fits for me um i you know of course need to do a whole lot of research 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 noted on some exchange and i’m and i go i’ve never even i can’t think i’ve never heard of that i get a big ego and i’m like how might i not have heard of that but i have it and in some way it gets listed and there are probably tons of other people saying the exact same things about cryptos that i understand a lot about due to the fact that i i tend to take a look at a great deal of defy stuff i tend to look a great deal of those tokens so the the method i look at it is one there are a couple of ways one is i attempt to educate 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 buy the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i do not like to buy some that are just simply simply you understand pumps like pump plans or something i understand a lot of individuals made money on shiba inu i know 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 pick not to and i’m not telling anyone they ought to or they should not because there are a lot of individuals that have actually done well 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 wish to go to sleep one night and i’m up here and wake up and i’m down here because what will happen is i’ll never sleep again and again from an emotional standpoint i do not want that i i try to learn quite a bit about the ones that i’m interested in or discover you know find out why i might be interested why they might have value and truthfully man it just takes a whole lot of education the other thing i’ll state about that real quickly is you hear a great deal of individuals who do not understand a lot about crypto or or are truly against it stating stating i do not comprehend how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or a lot 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 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 enters into a bit of a viewpoint i’m a huge defy guy i love decentralized financing and part of the factor is since i’ve been in finance for so long and i know where the ineffectiveness 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 excellent the thing is the blockchain technology 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 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 restricted amount of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to start to swallow up the standard financial system and i do not mean that whatever else is going to go away i imply my feeling is banks and the crypto that the protocols and whatever are going to start interacting they’re going to start incorporating together which’s where you’re visiting a great deal of this value so there’s so much money in the traditional 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 just going to be called the monetary system since it’s simply a it’s essentially a database in a network you get educated and again as soon as 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 straight engage with our visitors using a q a and anyone 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 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 special invites to irl yes real life etoro occasions make sure to have a look at the description for any marketing deals and to get more information about our amazing guests i’ll see you in etoro us’s club Etoro Mobile App.