That the cost tomorrow…How To Trade Like An Etoro Trader… is higher than the price today that’s the only factor you’re entering into it which originates from education understanding and once again returning to a financial investment thesis honestly and saying i’m not going to buy 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 find out what it is and find out where it fits for me um i you know naturally have to do a great deal of research study i can’t keep up with probably ten percent of the the tokens and cryptos that come out uh each week i see a new one being listed on some exchange and i’m and i go i’ve never 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 become aware of that but i have it and somehow it gets listed and there are probably tons of other individuals saying the exact same features of cryptos that i understand a lot about because i i tend to look at a great deal of defy things i tend to look a lot of those tokens so the the way i take a look at it is one there are a couple of methods one is i try to inform myself as much as possible and after that have a concept of what i like to learn about and like to invest in what do i like to purchase do i like to purchase the ones that have some sort of capital or liquidity protocol or something like that so understanding those i do not like to buy some that are just just purely you understand pumps like pump schemes or something i know a great deal of people generated income on shiba inu i know a lot of individuals generated income on dogecoin that’s fantastic to hear i do not wish to do that that that’s not me i select not to and i’m not telling anyone they must or they shouldn’t because there are a lot of individuals that have actually done well i choose not to do that one because they’re they trade remember 24 7 365.
i do not want to go to bed one night and i’m up here and get 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 standpoint i do not desire that i i try to find out a fair bit about the ones that i’m interested in or learn you understand discover why i might be interested why they may have value and honestly man it just 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 really against it saying stating i don’t understand how there can be all these cryptocurrencies one of 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 much of them are a currency that is for a particular 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 financial network okay 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 efficiently so it so if we feel and and look this this enters into a little bit of an opinion i’m a huge defy guy i love decentralized finance and part of the reason is because i have actually been in financing for so long and i know where the inefficiencies are and i know if we can take a few of those ineffectiveness out of the system and we can use blockchain innovation to do it that would be fantastic 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 effective running 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 very much truth 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 figure out which one’s going to be the winner it is going to again in my opinion start to start to engulf the traditional financial system and i do not indicate that everything else is going to go away i imply my feeling is banks and the crypto that the procedures and whatever are going to begin interacting they’re going to start integrating together and that’s where you’re going to see a lot of this value so there’s a lot cash in the traditional financing system that’s going to make its way into what we presently call the crypto system or the
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Defi system and eventually it’s just going to be called the monetary system because it’s simply a it’s essentially a database in a network you get educated and again once you get educated have a financial investment thesis here’s what i like to buy here’s what i don’t this is a clip from our webinar solely transmitted for etoro us club members our webinars let members directly connect with our guests using a q a and anybody or you can sign up with etoro club and u.s club members get a bunch of benefits such as an etoro swag bag unique access to our regular monthly webinars quarterly market reports and a devoted account manager if you join our greater tiers you can also get things like a subscription of the wall street journal delta pro and exclusive invitations to irl yes reality etoro occasions make certain to have a look at the description for any marketing deals and to learn more about our amazing guests i’ll see you in etoro us’s club How To Trade Like An Etoro Trader.