Education understanding…Etoro Virtual Portfolio… and again going back to an investment thesis truthfully and stating i’m not going to purchase anything even if i saw some dude pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research study and find out what it is and find out where it suitables for me um i you know of course have to do a great deal of research study 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 believe i’ve never ever heard of that i get a huge ego and i’m like how could i not have actually become aware of that however i have it and in some way it gets noted and there are most likely lots of other people stating the very same aspects of cryptos that i know a lot about because i i tend to look at a lot of defy things i tend to look a lot of those tokens so the the way i look at it is one there are a couple of ways one is i try to educate myself as much as possible and then have a concept of what i like to find out about and like to buy what do i like to buy do i like to invest in the ones that have some sort of capital or liquidity protocol or something like that so comprehending those i don’t like to purchase some that are simply just purely you know pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i know a great deal of people generated income on dogecoin that’s great to hear i do not want to do that that that’s not me i pick not to and i’m not telling anyone they ought to or they shouldn’t because there are a lot of individuals that have done well i select not to do that a person because they’re they trade keep in mind 24 7 365.
i don’t want to go to bed one night and i’m up here and awaken and i’m down here because what will take place is i’ll never ever sleep again and again from an emotional perspective i do not want that i i attempt to learn quite a bit about the ones that i’m interested in or learn you know discover why i might be interested why they might have value and truthfully male it just takes a great deal of education the other thing i’ll say about that genuine rapidly is you hear a great deal of people who do not understand a lot about crypto or or are really versus it stating stating i don’t comprehend how there can be all these cryptocurrencies one of them needs to win but that’s that’s not the case they are all they they can or a number of them can exist on their own a number of them are a currency that is for a specific network so bitcoin for example 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 an entire network there and it has to have his own it it needs to have its own currency to function effectively so it so if we feel and and look this this enters into a bit of an opinion i’m a huge defy person i love decentralized finance and part of the reason is because i have actually been in finance for so long and i understand where the inadequacies are and i know if we can take a few of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be great the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be actually 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 effective so there is to me not quite reality to the assertion that because there’s all these cryptocurrencies there’s a limited amount of dollars that’s going to enter into them so i got to find out which one’s going to be the winner it is going to again in my viewpoint start to begin to engulf the conventional financial system and i do not suggest that whatever else is going to disappear i mean my sensation is banks and the crypto that the protocols and whatever 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 worth so there’s a lot money in the traditional financing 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 eventually it’s just going to be called the monetary system because it’s simply a it’s basically a database in a network you get educated and again when you get educated have an investment thesis here’s what i like to invest in 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 connect with our guests using a q a and any person or you can join etoro club and u.s club members get a bunch of perks such as an etoro boodle bag special access to our monthly webinars quarterly market reports and a dedicated account manager if you join our higher tiers you can also get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro events make certain to check out the description for any marketing offers and to find out more about our remarkable visitors i’ll see you in etoro us’s club Etoro Virtual Portfolio.