Education understanding…Etoro Pa… and once again going back to an investment thesis honestly and saying i’m not going to purchase anything even if i saw some man pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and learn what it is and learn where it fits for me um i you know of course need to do a lot 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 believe i’ve never become aware of that i get a big ego and i resemble how could i not have heard of that however i have it and in some way it gets listed and there are probably lots of other individuals stating the very same aspects of cryptos that i understand a lot about since i i tend to take a look at a lot of defy stuff 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 couple of ways one is i try to inform myself as much as possible and then have a concept of what i like to learn more about and like to purchase what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so understanding those i do not like to buy some that are simply just purely you understand pumps like pump plans or something i understand a lot of people earned money on shiba inu i understand a lot of people generated income on dogecoin that’s great to hear i don’t want 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 lot of people that have actually succeeded i select not to do that a person due to the fact that they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and wake up and i’m down here since what will happen is i’ll never ever sleep again and again from a psychological viewpoint i do not want that i i attempt to find out a fair bit about the ones that i have an interest in or discover you understand learn why i might be interested why they may have value and honestly male it simply takes a whole lot of education the other thing i’ll say about that real rapidly is you hear a lot of people 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 one of them has to win however that’s that’s not the case they are all they they can or a number 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 okay 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 needs to have its own currency to operate effectively so it so if we feel and and look this this gets into a little bit of a viewpoint i’m a huge defy man i love decentralized finance and part of the reason is because i have actually been in finance for so long and i know where the inadequacies are and i know if we can take some of those ineffectiveness out of the system and we can utilize blockchain technology to do it that would be excellent the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really efficient 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 quite truth to the assertion that since there’s all these cryptocurrencies there’s a minimal quantity of dollars that’s going to go 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 start to swallow up the traditional financial system and i do not imply that whatever else is going to disappear i mean my sensation is banks and the crypto that the protocols and everything are going to start interacting they’re going to start incorporating together and that’s where you’re going to see a good deal of this value so there’s so much money in the standard 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 simply 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 again once you get informed 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 relayed for etoro us club members our webinars let members directly interact with our visitors utilizing a q a and anyone or you can sign up with etoro club and u.s club members get a lot of advantages such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a dedicated 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 be sure to take a look at the description for any promotional deals and for more information about our remarkable guests i’ll see you in etoro us’s club Etoro Pa.