Education understanding…Etoro Wash Trades… and again going back to an investment thesis honestly and saying i’m not going to purchase anything just because i saw some guy pumping it on tick tock or i saw somebody pumping it on twitter i’m going to do my research study and discover what it is and learn where it suitables for me um i you understand of course have to do a whole lot of research i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh every 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 think i’ve never heard of that i get a big ego and i resemble how could i not have heard of that but i have it and somehow it gets listed and there are probably tons of other individuals saying the very same features of cryptos that i know a lot about because i i tend to look at a lot of defy stuff i tend to look a great deal of those tokens so the the method i 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 more about and like to buy what do i like to buy do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to purchase some that are just just purely you know pumps like pump plans or something i know a lot of individuals generated income on shiba inu i understand a lot of individuals earned money 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 anybody they ought to or they should not because there are a lot 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 wish to go to sleep one night and i’m up here and awaken and i’m down here due to the fact that what will occur is i’ll never sleep again and again from an emotional standpoint i do not desire that i i try to discover quite a bit about the ones that i have an interest in or discover you know learn why i might be interested why they may have worth and honestly guy it simply takes a lot of education the other thing i’ll state about that genuine quickly is you hear a lot of people who do not understand a lot about crypto or or are really against it saying saying i do not understand how there can be all these cryptocurrencies one of them has to win but that’s that’s not the case they are all they they can or much 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 all right 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 function 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 due to the fact that i’ve remained in finance for so long and i know where the inadequacies 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 technology is not efficient without the currency that runs the network you can’t have the blockchain technology be actually effective working 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 truth to the assertion that due to the fact that 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 viewpoint start to start to swallow up the conventional monetary system and i do not suggest that whatever else is going to disappear i indicate my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to begin incorporating together which’s where you’re going to see a lot of this worth so there’s so much cash in the conventional finance 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 ultimately it’s simply going to be called the financial system since it’s just a it’s essentially a database in a network you get informed and again when you get educated have an investment thesis here’s what i like to purchase here’s what i do not this is a clip from our webinar solely broadcast for etoro us club members our webinars let members directly interact 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 advantages such as an etoro swag bag exclusive 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 exclusive invites to irl yes reality etoro events be sure to have a look at the description for any promotional deals and to get more information about our fantastic guests i’ll see you in etoro us’s club Etoro Wash Trades.