Education understanding…Etoro Opening An Account… and again going back to an investment thesis truthfully 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 obviously have to do a great deal of research study i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a new one being listed on some exchange and i’m and i go i’ve never even i can’t think i have actually never ever become aware of that i get a huge ego and i’m like how might i not have actually become aware of that however i have it and somehow it gets noted and there are probably lots of other people saying the same things about cryptos that i know a lot about because i i tend to take a look at a lot 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 couple of methods one is i attempt to educate myself as much as possible and after that have an idea of what i like to learn about and like to buy what do i like to purchase do i like to purchase the ones that have some sort of capital or liquidity procedure or something like that so comprehending those i don’t like to buy some that are simply just simply you understand pumps like pump schemes or something i know a lot of individuals earned money on shiba inu i know a lot of people made money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they should not because there are a great deal of individuals that have done well i pick not to do that a person since 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 awaken and i’m down here since what will happen is i’ll never sleep again and again from a psychological standpoint i don’t want that i i attempt to learn a fair 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 truthfully man it simply takes a lot of education the other thing i’ll state about that genuine rapidly is you hear a great deal of people who don’t understand a lot about crypto or or are truly against it saying stating i don’t understand 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 many 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 work efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a huge defy guy i love decentralized finance and part of the reason is since i’ve been in finance for so long and i know where the inefficiencies are and i know if we can take some of those inefficiencies out of the system and we can use blockchain technology to do it that would be excellent the thing is the blockchain innovation 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 effective so there is to me not very much fact 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 determine which one’s going to be the winner it is going to once again in my opinion start to begin to swallow up the traditional financial system and i don’t suggest that everything else is going to go away i mean my feeling is banks and the crypto that the procedures and everything are going to start working together they’re going to begin integrating together which’s where you’re visiting a good deal of this value so there’s so much money in the conventional financing system that’s going to make its method 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 financial system because it’s just a it’s essentially a database in a network you get educated and again once you get educated have a financial investment thesis here’s what i like to invest in 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 communicate with our visitors utilizing a q a and any person or you can join etoro club and u.s club members get a lot of benefits such as an etoro boodle bag exclusive 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 membership of the wall street journal delta pro and unique invitations to irl yes real life etoro events make certain to take a look at the description for any advertising deals and to read more about our remarkable visitors i’ll see you in etoro us’s club Etoro Opening An Account.