That the price tomorrow…How To Logout Thinkorswim… is higher than the rate today that’s the only reason you’re entering into it and that originates from education understanding and once again returning to a financial investment thesis truthfully and saying i’m not going to purchase 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 discover what it is and discover where it suitables for me um i you know naturally have to do a great deal of research 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 noted on some exchange and i’m and i go i have actually never even i can’t think i have actually never ever become aware of that i get a huge ego and i’m like how might i not have actually heard of that however i have it and in some way it gets noted and there are probably lots of other individuals stating the exact same aspects of cryptos that i understand a lot about due to the fact that i i tend to look at a great deal of defy stuff i tend to look a lot of those tokens so the the way i take a 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 a concept of what i like to discover and like to purchase what do i like to invest in do i like to buy the ones that have some sort of cash flow or liquidity protocol or something like that so understanding those i do not like to buy some that are just simply purely you know pumps like pump schemes or something i understand a lot of people generated income on shiba inu i know a lot of individuals generated income 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 anyone they should or they shouldn’t because there are a lot of individuals that have done well i pick not to do that one because 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 since what will happen is i’ll never ever sleep again and again from a psychological viewpoint i do not want that i i try to discover a fair bit about the ones that i’m interested in or learn you know discover 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 rapidly is you hear a lot of individuals who don’t understand a lot about crypto or or are actually against it saying saying i don’t comprehend how there can be all these cryptocurrencies one of them has to win however 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 instance is the currency for the bitcoin network it’s the equivalent of the dollar is the currency for the united states economic 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 function effectively so it so if we feel and and look this this enters a bit of an opinion i’m a big defy person i love decentralized finance and part of the reason is due to the fact that i have actually been in financing for so long and i understand where the inefficiencies are and i know 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 terrific the thing is the blockchain innovation is not efficient without the currency that runs the network you can’t have the blockchain technology be actually efficient running on dollars working 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 quite fact to the assertion that since there’s all these cryptocurrencies there’s a restricted amount 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 begin to swallow up the standard financial system and i do not mean that everything else is going to go away i imply my sensation is banks and the crypto that the procedures and whatever are going to start collaborating they’re going to start integrating together which’s where you’re going to see a great deal of this value 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 monetary system because it’s simply a it’s basically a database in a network you get informed and once again once you get informed have a financial investment thesis here’s what i like to invest in here’s what i do not this is a clip from our webinar exclusively transmitted for etoro us club members our webinars let members straight interact with our guests using a q a and anyone or you can sign up with etoro club and u.s club members get a lot of perks such as an etoro boodle bag exclusive 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 invites to irl yes real life etoro occasions make certain to check out the description for any advertising offers and to get more information about our amazing guests i’ll see you in etoro us’s club How To Logout Thinkorswim.