Education understanding…How Does Etoro Works… and once again returning to an investment thesis truthfully and saying i’m not going to buy anything just because 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 keep up with most likely ten percent of the the tokens and cryptos that come out uh every week i see a new one being noted on some exchange and i’m and i go i’ve never ever even i can’t believe i have actually never heard of that i get a big ego and i’m like how could i not have become aware of that but i have it and in some way it gets listed and there are probably tons of other people saying the 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 way i look at it is one there are a few ways one is i try to educate myself as much as possible and then have a concept of what i like to discover and like to buy what do i like to purchase do i like to buy the ones that have some sort of capital or liquidity procedure or something like that so comprehending 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 individuals generated income on shiba inu i understand a great deal of individuals made money on dogecoin that’s fantastic to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anybody they should or they should not because there are a great deal of individuals that have done well i choose not to do that a person because they’re they trade remember 24 7 365.
i do not want to go to sleep one night and i’m up here and get up and i’m down here since what will take place is i’ll never sleep again and again from a psychological perspective i do not desire that i i attempt to learn a fair bit about the ones that i have an interest in or discover you know learn why i might be interested why they might have value and honestly man it simply takes a great deal of education the other thing i’ll state about that real quickly is you hear a great deal of people who do not comprehend a lot about crypto or or are actually against it stating stating i don’t 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 much of them can exist on their own a lot 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 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 operate efficiently so it so if we feel and and look this this enters into a little bit of a viewpoint i’m a huge defy person i love decentralized finance and part of the factor is because i’ve remained in finance for so long and i know where the ineffectiveness are and i understand if we can take some of those inefficiencies out of the system and we can utilize blockchain technology to do it that would be excellent the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be actually effective working on dollars working on us dollars over the banking system you have to have the cryptocurrency the currency of the network to make it effective so there is to me not very much fact to the assertion that since there’s all these cryptocurrencies there’s a restricted 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 once again in my viewpoint start to begin to swallow up the standard financial system and i do not indicate that everything else is going to disappear i imply my sensation is banks and the crypto that the procedures and everything are going to begin working together they’re going to begin integrating together and that’s where you’re going to see a good deal of this worth so there’s a lot money in the conventional finance 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 eventually it’s simply going to be called the financial system because it’s simply a it’s basically a database in a network you get informed and once again when 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 relayed for etoro us club members our webinars let members directly engage with our visitors using a q a and anybody or you can join etoro club and u.s club members get a lot of benefits such as an etoro swag bag special access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invites to irl yes real life etoro occasions make certain to check out the description for any advertising deals and to learn more about our incredible visitors i’ll see you in etoro us’s club How Does Etoro Works.