Education understanding…Etoro Question Answers 2021… and once again returning to a financial investment thesis truthfully and saying i’m not going to invest in anything just because i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and discover what it is and learn where it suitables for me um i you know naturally have to do a 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 every week i see a new one being listed on some exchange and i’m and i go i have actually never ever even i can’t believe i have actually never heard of that i get a huge ego and i resemble how might i not have actually become aware of that however i have it and in some way it gets listed and there are probably tons of other individuals stating the exact same things about cryptos that i understand 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 great deal of those tokens so the the way i look at it is one there are a couple of methods one is i try to inform 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 invest in do i like to buy 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 just simply simply you understand pumps like pump schemes or something i understand a lot of individuals made money on shiba inu i understand a lot of people generated income on dogecoin that’s excellent to hear i don’t wish to do that that that’s not me i pick not to and i’m not telling anyone they must or they shouldn’t because there are a lot of people that have succeeded i pick not to do that a person since 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 since what will happen is i’ll never ever sleep again and again from a psychological standpoint i don’t desire that i i attempt 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 may have worth and truthfully man it just takes a lot of education the other thing i’ll state about that real rapidly is you hear a great deal of individuals who don’t comprehend a lot about crypto or or are really against it stating saying i don’t comprehend how there can be all these cryptocurrencies among 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 much 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 economic network fine if eth is the currency of the ethereum network so there’s an entire network there and it has 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 gets into a bit of a viewpoint i’m a big 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 inefficiencies are and i know if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be terrific the important things is the blockchain innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient operating 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 quite fact to the assertion that since there’s all these cryptocurrencies there’s a minimal amount 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 again in my opinion start to begin to engulf the standard monetary system and i do not indicate that whatever else is going to disappear i mean my sensation is banks and the crypto that the protocols and whatever are going to start collaborating they’re going to start incorporating together which’s where you’re going to see a good deal of this worth so there’s a lot cash in the conventional financing system that’s going to make its method into what we presently 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 simply a it’s basically a database in a network you get informed and again as soon as you get educated have a financial investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members straight engage with our guests using a q a and anyone or you can join etoro club and u.s club members get a bunch of benefits such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a devoted account supervisor 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 events be sure to have a look at the description for any marketing offers and to learn more about our remarkable visitors i’ll see you in etoro us’s club Etoro Question Answers 2021.