Education understanding…What Cryptocurrencies Can Be Traded On Kraken… and once again returning to an investment thesis honestly and stating i’m not going to purchase 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 discover what it is and learn where it fits for me um i you understand obviously have to do a great deal of research study i can’t stay up to date with most likely ten percent of the the tokens and cryptos that come out uh every week i see a brand-new one being noted on some exchange and i’m and i go i’ve never even i can’t think i have actually never become aware of that i get a huge ego and i’m like how could i not have actually heard of that however i have it and in some way it gets listed and there are most likely tons of other people stating the very same things about cryptos that i know a lot about because i i tend to look at a great deal of defy stuff 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 few methods one is i try to educate 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 purchase do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so comprehending those i do not like to purchase some that are just just purely you understand pumps like pump schemes or something i know a great deal of individuals made money on shiba inu i understand 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 must or they shouldn’t because there are a lot of individuals that have done well i choose 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 take place is i’ll never sleep again and again from a psychological perspective i don’t desire that i i attempt to find out a fair bit about the ones that i have an interest in or learn you understand learn why i might be interested why they may have value and honestly man it simply takes a great deal of education the other thing i’ll state about that real rapidly is you hear a lot of people who don’t understand a lot about crypto or or are really against it stating saying i do not understand how there can be all these cryptocurrencies among 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 much 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 economic network alright 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 gets into a bit of an opinion i’m a big defy person i love decentralized finance and part of the factor is due to the fact that i’ve remained in finance for so long and i know where the ineffectiveness are and i understand if we can take a few of those inadequacies out of the system and we can utilize blockchain innovation to do it that would be terrific the important things is the blockchain technology is not effective without the currency that runs the network you can’t have the blockchain innovation be truly effective working on dollars operating 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 reality to the assertion that due to the fact that there’s all these cryptocurrencies there’s a restricted amount of dollars that’s going to go into them so i got to figure out which one’s going to be the winner it is going to again in my opinion start to begin to engulf the standard financial system and i don’t indicate that everything else is going to disappear i mean my sensation is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to start integrating together which’s where you’re visiting a good deal of this worth so there’s so much money in the conventional financing 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 eventually it’s simply going to be called the financial system since it’s just a it’s essentially 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 invest in here’s what i do not this is a clip from our webinar specifically broadcast for etoro us club members our webinars let members directly interact with our guests utilizing a q a and anybody or you can join etoro club and u.s club members get a bunch of advantages 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 higher tiers you can likewise get things like a membership of the wall street journal delta pro and unique invites to irl yes reality etoro occasions be sure to have a look at the description for any marketing offers and to find out more about our fantastic guests i’ll see you in etoro us’s club What Cryptocurrencies Can Be Traded On Kraken.