Education understanding…Trading Fees On Etoro Pro Vs Bittrex… and again returning to an investment thesis honestly and stating i’m not going to buy anything even if i saw some guy pumping it on tick tock or i saw someone pumping it on twitter i’m going to do my research and find out what it is and learn where it fits for me um i you know obviously have to do a whole lot of research 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 listed on some exchange and i’m and i go i’ve never ever even i can’t think i have actually never heard of that i get a huge ego and i resemble how could i not have actually become aware of that but i have it and in some way it gets noted and there are probably lots of other individuals saying the same things about cryptos that i understand a lot about since i i tend to look at a lot of defy things 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 inform myself as much as possible and after that have an idea of what i like to learn about and like to buy what do i like to invest in do i like to invest in the ones that have some sort of cash flow or liquidity procedure or something like that so comprehending those i do not like to buy some that are simply just simply you understand pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i know a lot of individuals earned money on dogecoin that’s terrific to hear i do not want to do that that that’s not me i choose not to and i’m not telling anybody they ought to or they shouldn’t because there are a lot of people that have succeeded i pick not to do that one due to the fact that they’re they trade keep in mind 24 7 365.
i don’t wish to go to bed one night and i’m up here and awaken and i’m down here since what will happen is i’ll never ever sleep again and again from a psychological perspective i don’t desire that i i try to learn a fair bit about the ones that i’m interested in or learn you know find out why i might be interested why they may have worth and honestly man it just takes a lot of education the other thing i’ll say about that real quickly is you hear a lot of individuals who don’t understand a lot about crypto or or are really versus it saying stating i don’t understand how there can be all these cryptocurrencies among them needs to win but that’s that’s not the case they are all they they can or many of them can exist on their own much of them are a currency that is for a specific 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 alright 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 function effectively so it so if we feel and and look this this enters a little bit of an opinion i’m a huge defy person i love decentralized financing and part of the reason is because i’ve been in finance for so long and i understand 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 innovation is not effective without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars operating on us dollars over the banking system you need to have the cryptocurrency the currency of the network to make it efficient so there is to me not very much truth to the assertion that because there’s all these cryptocurrencies there’s a restricted quantity of dollars that’s going to enter into them so i got to figure out which one’s going to be the winner it is going to once again in my opinion start to begin to engulf the traditional financial system and i don’t imply that whatever else is going to disappear i indicate my feeling is banks and the crypto that the protocols and whatever are going to begin working together they’re going to begin integrating together which’s where you’re going to see a good deal of this value so there’s so much money in the standard 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 just going to be called the financial system because it’s simply a it’s basically a database in a network you get informed and again as soon as you get informed have an investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar solely broadcast for etoro us club members our webinars let members straight communicate with our visitors using a q a and anybody or you can join etoro club and u.s club members get a lot of perks such as an etoro boodle bag unique access to our month-to-month webinars quarterly market reports and a devoted account manager 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 be sure to take a look at the description for any marketing offers and for more information about our remarkable guests i’ll see you in etoro us’s club Trading Fees On Etoro Pro Vs Bittrex.