Education understanding…Etoro Trend Line… and once again returning to a financial investment thesis honestly and saying i’m not going to invest in anything even if 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 learn what it is and learn where it fits for me um i you understand obviously have to do a whole lot of research study i can’t keep up with probably 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 have actually never ever even i can’t think i’ve never become aware of that i get a huge ego and i’m like how could i not have actually become aware of that but i have it and in some way it gets noted and there are most likely lots of other individuals stating the very same features of cryptos that i understand a lot about since i i tend to take a look at a lot of defy things i tend to look a great deal of those tokens so the the way i take a look at it is one there are a few methods one is i try to inform myself as much as possible and after that have an idea of what i like to find out about and like to buy what do i like to buy do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to invest in some that are simply simply purely you know pumps like pump schemes or something i understand a lot of people generated income on shiba inu i understand a great deal of individuals 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 anybody they ought to or they should not because there are a great deal of people that have done well i pick not to do that one because they’re they trade keep in mind 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 an emotional viewpoint i do not desire that i i attempt to find out quite a bit about the ones that i have an interest in or discover you know discover why i might be interested why they might have worth and truthfully man it just takes a whole lot of education the other thing i’ll say about that real quickly is you hear a lot of people who do not understand a lot about crypto or or are actually against it saying stating i do not understand 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 lot 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 alright if eth is the currency of the ethereum network so there’s a whole 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 an opinion i’m a big defy person i love decentralized finance and part of the reason is since i’ve been in finance for so long and i understand where the inadequacies are and i know if we can take some of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be fantastic 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 working 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 quite fact to the assertion that because there’s all these cryptocurrencies there’s a limited 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 start to swallow up the conventional monetary system and i don’t mean that everything else is going to disappear i mean my sensation is banks and the crypto that the procedures and everything are going to begin interacting they’re going to start incorporating together which’s where you’re going to see a good deal of this value so there’s a lot money in the conventional finance 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 just going to be called the financial system because it’s simply a it’s basically a database in a network you get educated and again as soon as you get educated have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members directly communicate with our visitors using a q a and anybody 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 regular monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can likewise get things like a subscription of the wall street journal delta pro and unique invites to irl yes real life etoro events make certain to have a look at the description for any marketing deals and to learn more about our fantastic guests i’ll see you in etoro us’s club Etoro Trend Line.