Education understanding…Should I Buy Bitcoin Now Or Wait… and once again returning to an investment thesis truthfully and saying i’m not going to invest in anything even if i saw some guy 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 of course need to do a whole lot of research i can’t keep up with most likely ten percent of the the tokens and cryptos that come out uh weekly i see a brand-new one being listed on some exchange and i’m and i go i have actually never even i can’t believe i’ve never heard of that i get a big ego and i resemble how could i not have become aware of that however i have it and in some way it gets noted and there are most likely lots of other individuals stating the same things about cryptos that i know a lot about since i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the method i look at it is one there are a couple of ways one is i try to inform myself as much as possible and then have an idea of what i like to discover and like to purchase what do i like to invest in do i like to purchase the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i don’t like to invest in some that are just just purely you know pumps like pump schemes or something i know a lot of people made money on shiba inu i know a great deal of individuals made money 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 ought to or they should not because there are a lot of people that have actually succeeded i select not to do that one since they’re they trade keep in mind 24 7 365.
i do not wish to go to bed one night and i’m up here and wake up and i’m down here because what will occur is i’ll never sleep again and again from an emotional viewpoint i don’t desire that i i attempt to discover quite a bit about the ones that i’m interested in or discover you understand find out why i might be interested why they may have worth and honestly guy it just takes a 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 versus it stating saying i don’t comprehend 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 a number 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 financial network all right 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 needs to have its own currency to function effectively so it so if we feel and and look this this gets into a little bit of an opinion i’m a big defy person i love decentralized financing and part of the reason is because i’ve remained in finance for so long and i understand where the ineffectiveness are and i know if we can take some of those inadequacies out of the system and we can utilize blockchain technology to do it that would be fantastic the important things is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain innovation be truly effective operating 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 reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a limited quantity 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 start to swallow up the traditional financial system and i do not mean that everything else is going to disappear i imply my feeling is banks and the crypto that the protocols and whatever are going to start working together they’re going to start incorporating together and that’s where you’re going to see a lot of this value so there’s so much 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 simply going to be called the financial system due to the fact that it’s just a it’s basically a database in a network you get educated and again as soon as you get informed have an 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 directly communicate with our guests utilizing a q a and any person 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 dedicated account manager if you join our greater tiers you can also get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes reality etoro events be sure to check out the description for any advertising offers and to find out more about our amazing guests i’ll see you in etoro us’s club Should I Buy Bitcoin Now Or Wait.