Education understanding…Tradingview Scmr Trend Indicator… and again returning to an investment thesis honestly and stating 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 and find out what it is and find out where it suitables for me um i you know naturally have to do a whole lot of research study i can’t keep up 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 even i can’t believe i have actually never heard of that i get a huge ego and i resemble how could i not have actually heard of that but i have it and somehow it gets noted and there are most likely lots of other people stating the same features of cryptos that i know a lot about due to the fact that i i tend to take a look at a lot of defy things i tend to look a great deal of those tokens so the the method i take a look at it is one there are a couple of ways one is i try to inform myself as much as possible and after that have an idea of what i like to find out about and like to purchase what do i like to purchase do i like to invest in 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 simply simply purely you know pumps like pump schemes or something i understand a great deal of individuals earned money on shiba inu i know a great deal of people earned money on dogecoin that’s great to hear i don’t want to do that that that’s not me i pick not to and i’m not telling anybody they need to or they shouldn’t because there are a great deal of individuals that have actually done well i select not to do that a person because they’re they trade keep in mind 24 7 365.
i do not want to go to sleep one night and i’m up here and wake up and i’m down here due to the fact that what will occur is i’ll never sleep again and again from a psychological viewpoint i don’t desire that i i attempt to find out a fair bit about the ones that i’m interested in or learn you understand find out why i might be interested why they might have value and truthfully male it simply takes a whole lot of education the other thing i’ll state about that real rapidly is you hear a great deal of individuals who do not comprehend a lot about crypto or or are really versus it stating saying i do not comprehend how there can be all these cryptocurrencies among them needs to win however that’s that’s not the case they are all they they can or a number of them can exist on their own many of them are a currency that is for a particular 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 fine 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 effectively so it so if we feel and and look this this enters a bit of an opinion i’m a big defy man i love decentralized finance and part of the reason is since 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 utilize blockchain technology to do it that would be fantastic the thing is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain technology be really effective 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 effective so there is to me not quite truth to the assertion that since 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 again in my viewpoint start to begin to engulf the standard financial system and i do not suggest that everything else is going to disappear i suggest my sensation is banks and the crypto that the procedures and everything are going to start working together they’re going to begin incorporating together which’s where you’re visiting a great deal of this worth so there’s a lot money in the traditional financing 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 ultimately it’s simply going to be called the financial system because it’s just a it’s basically a database in a network you get educated and again as soon as you get educated have an investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively relayed for etoro us club members our webinars let members straight communicate with our guests using a q a and any person or you can sign up with etoro club and u.s club members get a bunch of perks such as an etoro swag bag special access to our monthly webinars quarterly market reports and a devoted account supervisor if you join our higher tiers you can also get things like a subscription of the wall street journal delta pro and special invitations to irl yes reality etoro events be sure to take a look at the description for any advertising offers and to find out more about our remarkable visitors i’ll see you in etoro us’s club Tradingview Scmr Trend Indicator.