Education understanding…Stellar Lumens Etoro Quiz Answers… and again returning to an investment thesis honestly and stating i’m not going to invest in 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 and discover what it is and discover where it fits for me um i you know of course need to do a 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 listed on some exchange and i’m and i go i have actually never ever even i can’t believe i’ve never become aware of that i get a huge ego and i’m like how might i not have actually become aware of that however i have it and somehow it gets listed and there are most likely lots of other individuals saying the same things about cryptos that i know a lot about because i i tend to take a look at a lot of defy stuff i tend to look a lot of those tokens so the the method i take a look at it is one there are a few ways one is i attempt to educate myself as much as possible and after that have a concept of what i like to find out about and like to purchase 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 don’t like to purchase some that are just simply simply you know pumps like pump schemes or something i understand a lot of individuals earned money on shiba inu i know a lot of people generated income 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 need to or they should not because there are a lot of individuals that have actually done well i pick not to do that one since they’re they trade remember 24 7 365.
i don’t wish to go to sleep one night and i’m up here and wake up and i’m down here because what will take place is i’ll never sleep again and again from an emotional perspective i don’t want that i i try to learn a fair bit about the ones that i’m interested in or discover you understand find out why i might be interested why they might have worth and honestly guy it simply takes a whole lot of education the other thing i’ll say about that genuine rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually versus it saying saying i don’t comprehend how there can be all these cryptocurrencies among them has to win but that’s that’s not the case they are all they they can or a lot 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 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 requires to have its own currency to work 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 financing and part of the factor is since i have actually been in finance for so long and i know where the inefficiencies are and i understand if we can take a few of those inefficiencies out of the system and we can use blockchain technology to do it that would be great the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be actually 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 very much fact to the assertion that since 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 once again in my opinion start to start to swallow up the standard financial system and i don’t suggest that everything else is going to disappear i mean my feeling is banks and the crypto that the protocols and everything are going to begin collaborating they’re going to start incorporating together and that’s where you’re visiting a great deal of this value so there’s a lot money in the traditional 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 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 educated and again once you get informed have a financial investment thesis here’s what i like to buy here’s what i do not this is a clip from our webinar exclusively broadcast for etoro us club members our webinars let members straight engage with our guests utilizing 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 boodle bag unique access to our month-to-month webinars quarterly market reports and a dedicated account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and unique invites to irl yes real life etoro events be sure to take a look at the description for any marketing deals and to read more about our fantastic guests i’ll see you in etoro us’s club Stellar Lumens Etoro Quiz Answers.