That the cost tomorrow…Is Coinbase On Coinigy… is higher than the rate today that’s the only factor you’re entering into it and that comes from education understanding and again going back to a financial investment thesis truthfully and saying i’m not going to buy anything even if 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 learn what it is and learn where it suitables for me um i you understand naturally need to do a whole lot of research i can’t stay up to date with probably ten percent of the the tokens and cryptos that come out uh every week i see a 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 ever become aware of that i get a big ego and i resemble how might i not have actually become aware of that however i have it and somehow it gets noted and there are most likely 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 stuff i tend to look a lot of those tokens so the the way i look at it is one there are a few methods one is i try to inform myself as much as possible and after that 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 procedure or something like that so comprehending those i don’t like to purchase some that are just just purely you know pumps like pump plans or something i understand a lot of individuals earned money on shiba inu i know a great deal of people made money on dogecoin that’s terrific to hear i don’t wish to do that that that’s not me i select not to and i’m not telling anybody they should or they shouldn’t because there are a great deal of people that have succeeded i select not to do that one since they’re they trade remember 24 7 365.
i do not wish to go to bed one night and i’m up here and wake up and i’m down here because what will take place is i’ll never sleep again and again from a psychological perspective i do not desire that i i try to discover a fair bit about the ones that i’m interested in or discover you know find out why i might be interested why they might have value 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 people who don’t comprehend a lot about crypto or or are truly against it saying saying i do not understand how there can be all these cryptocurrencies one of them has 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 a lot 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 all right 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 man i love decentralized finance and part of the factor is since i’ve been in finance for so long and i know where the inadequacies are and i know if we can take a few of those inadequacies 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 effective without the currency that runs the network you can’t have the blockchain innovation be really efficient operating on dollars working on us dollars over the banking system you have 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 quantity 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 opinion start to start to engulf the standard monetary system and i do not suggest that whatever else is going to disappear i suggest my feeling is banks and the crypto that the protocols and everything are going to start working together they’re going to start incorporating together and that’s where you’re visiting a lot of this value so there’s a lot cash in the traditional finance 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 ultimately 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 informed and once again as soon as you get educated have a financial investment thesis here’s what i like to purchase 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 engage with our visitors using a q a and anyone or you can join etoro club and u.s club members get a bunch of benefits such as an etoro boodle bag exclusive access to our regular monthly webinars quarterly market reports and a dedicated account supervisor if you join our higher tiers you can likewise get things like a membership of the wall street journal delta pro and exclusive invitations to irl yes real life etoro occasions be sure to have a look at the description for any promotional offers and for more information about our fantastic guests i’ll see you in etoro us’s club Is Coinbase On Coinigy.