Crypto is changing the personal asset management market

Wapfika

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Quote from: shoreno on November 26, 2019, 05:56:28 AM

Quote from: dragon695 on November 26, 2019, 05:16:50 AM

It is definitely a good thing. because this financial market should be expanded and it will help people become more active in studying and managing finance well to have a beautiful future.
I really understand the meaning of this because my friends are students who don't know how to manage their finances and they often run short of money before the month is up. I am actually quite concerned about this because our future will be determined by our intelligence in financial management and investment.

why concern when you already said that crypto brings positive effect on the financial/asset market . its nice to know that people are now becoming attracted on the finance market just after crypto became popular .

now people learn to save and manage thier funds more wisely than compare to before . not just the finance industry that crypto changed but other industries were already influenced by crypto before .

Some were just opened their mind in idea of investing or cryptocurrency when bitcoin pump too high in year 2017. Many just see the value of investing earlier and the possibility of taking it advantage without them knowing that they should wait longer to experience it again. However the idea is already their and it is influence by crypto to get people into financial preparedness even in volatile of market

shoreno

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Quote from: dragon695 on November 26, 2019, 05:16:50 AM

It is definitely a good thing. because this financial market should be expanded and it will help people become more active in studying and managing finance well to have a beautiful future.
I really understand the meaning of this because my friends are students who don't know how to manage their finances and they often run short of money before the month is up. I am actually quite concerned about this because our future will be determined by our intelligence in financial management and investment.

why concern when you already said that crypto brings positive effect on the financial/asset market . its nice to know that people are now becoming attracted on the finance market just after crypto became popular .

now people learn to save and manage thier funds more wisely than compare to before . not just the finance industry that crypto changed but other industries were already influenced by crypto before .

Ucy

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Compare rates on different exchanges & swap.

Quote from: crabby on November 20, 2019, 06:18:21 PM

Hi Everyone,

I wrote up an article that discusses how cryptocurrency is going to change the personal finance market.

There is a big shift coming from institutional management to personal asset management. What do you guys think about this transition? Is it a good or bad thing?

https://medium.com/@ShrimpyApp/cryptocurrency-will-explode-the-personal-finance-market-61e5669d6221

Looking forward to hearing what you guys think!

The best approach, in my opinion, is personal assets managed decentrally and algorithmically. In this way, you are sure rules will be faithfully followed/obeyed by codes, can't be changed without your permission and can only be changed through community/collective agreement. Third-party services have to be fairly decentralized to be taken seriously by those who know what they really want in Crypto world.

dragon695

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Quote from: crabby on November 20, 2019, 06:18:21 PM

Hi Everyone,

I wrote up an article that discusses how cryptocurrency is going to change the personal finance market.

There is a big shift coming from institutional management to personal asset management. What do you guys think about this transition? Is it a good or bad thing?

https://medium.com/@ShrimpyApp/cryptocurrency-will-explode-the-personal-finance-market-61e5669d6221

Looking forward to hearing what you guys think!

It is definitely a good thing. because this financial market should be expanded and it will help people become more active in studying and managing finance well to have a beautiful future.
I really understand the meaning of this because my friends are students who don't know how to manage their finances and they often run short of money before the month is up. I am actually quite concerned about this because our future will be determined by our intelligence in financial management and investment.

Yatsan

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Quote from: ethereumhunter on November 23, 2019, 11:46:30 AM

Quote from: huige007 on November 23, 2019, 08:59:06 AM

Do not make banks the safest place on Earth for our assets because its not. Banks do get robbed by criminals and let us just not forget about they cyber ones too. Hackers hacked banks and got huge amounts many a times in the past. Future wont be any different. if we invest in bitcoin, then not only we will save our asset from all kind of robbers but also do beneficial investment simultaneously.

The banks or crypto needs more attention to avoid hackers. The difference we don't have to protect our account fully because that will be the job by the banks. But in the crypto, the responsibility will be in our hands so no matter what, we need to protect our account aka our wallet from the hackers, especially in the exchanges.

Either way we are not totally safe. System upgrades, and so the hackers do. But in banks the money is always insured (or it depends in the bank) lost it then compensate it. This is what I want with banking they are absolutely taking care of your money and accountable in any circumstance. Unlike with personal management all the work to avoid any problem will come from you. That is why even we have crypto for digital and speculative investment now, I still use banks for its very purpose, to protect. Also the reputation of the bank is on top priority when choosing who's gonna take care of yours.

Quote from: ethereumhunter on November 23, 2019, 11:46:30 AM

The exchange itself is like banks in real life which can be hacked too by the hackers. So if you cannot protect your wallet, then that will be dangerous for your asset.

These banks, these exchanges has ethical hackers or people that deliberately hacks their computer and website to find any hole that can be a potential problem. Once they found out any hole that can lead to data breaching or fraudelent acts, they will upgrade their system until their ethical hackers have nothing to see anymore.

naikturun

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Undeads.com - P2E Runner Game

1. Depending on the project you are following
2. Totally different Betweet 1 and the other so it can be varies.
3. Join as much as you can if you want to get more:D
4. Depend on project but in this situation market if your token landing first better to sell it, because it will take a little long time to back.

boris singer

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This asset management transition seems to be cutting some parts of the system apart, but the level of need will still be different, especially something that is still binding like companies and employees, they still have to be responsible for taxes. it's impossible they use crypto. But there are good things for the creative industry, they are more sensitive to this, I think there will not be too much debate because it has not been active on a national scale.

EdvinZ

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Quote from: Mometaskers on November 24, 2019, 09:42:59 PM

Quote from: NathanJB on November 23, 2019, 10:00:43 PM

Quote from: Mometaskers on November 23, 2019, 09:30:30 PM

Quote from: Serco on November 23, 2019, 03:56:27 AM

Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

snip

Wealth-making should never be a consideration when making a savings account in the banks. They are just savings but not income generator. Even time deposits and bonds offered in the banks are giving very little interest that it is always better not to go for them. It is better to buy properties that appreciate rather than save money itself which is depreciating. Putting money in the banks for regular necessary expenses are good though because that gives security.

Pretty much my view of them. They're just for convenience. Have a few month's emergency savings in the account, plus your monthly expected expense. Otherwise your wealth should be in some other form.

You can get rich financially only by doing business, investing in startups or stocks, which can greatly increase in price. Bank deposits will not bring profits, because those profits will be eaten up by inflation. Once again, you can get rich only by either doing own business, or investing competently in other people's businesses.

Mometaskers

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Quote from: NathanJB on November 23, 2019, 10:00:43 PM

Quote from: Mometaskers on November 23, 2019, 09:30:30 PM

Quote from: Serco on November 23, 2019, 03:56:27 AM

Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

snip

Wealth-making should never be a consideration when making a savings account in the banks. They are just savings but not income generator. Even time deposits and bonds offered in the banks are giving very little interest that it is always better not to go for them. It is better to buy properties that appreciate rather than save money itself which is depreciating. Putting money in the banks for regular necessary expenses are good though because that gives security.

Pretty much my view of them. They're just for convenience. Have a few month's emergency savings in the account, plus your monthly expected expense. Otherwise your wealth should be in some other form.

Kevondo

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Quote from: ethereumhunter on November 23, 2019, 11:46:30 AM

Quote from: huige007 on November 23, 2019, 08:59:06 AM

Do not make banks the safest place on Earth for our assets because its not. Banks do get robbed by criminals and let us just not forget about they cyber ones too. Hackers hacked banks and got huge amounts many a times in the past. Future wont be any different. if we invest in bitcoin, then not only we will save our asset from all kind of robbers but also do beneficial investment simultaneously.

The banks or crypto needs more attention to avoid hackers. The difference we don't have to protect our account fully because that will be the job by the banks. But in the crypto, the responsibility will be in our hands so no matter what, we need to protect our account aka our wallet from the hackers, especially in the exchanges. The exchange itself is like banks in real life which can be hacked too by the hackers. So if you cannot protect your wallet, then that will be dangerous for your asset.

In case of banks, it is not that we don't have to protect our own accounts rather we cannot. Only bank can protect all of its accounts. For this purpose, these have whole department dedicated to information security only. crypto currencies are not owned by any one and holders have their own personal accounts. Exchanges also need to make sure that credentials don't get compromise. But keys are owners responsibility solely.

Hippocrypto

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Quote from: Getmon on November 24, 2019, 04:50:45 AM

Quote from: Greed Dev on November 24, 2019, 04:13:34 AM

Quote from: crabby on November 20, 2019, 06:18:21 PM

Hi Everyone,

I wrote up an article that discusses how cryptocurrency is going to change the personal finance market.

There is a big shift coming from institutional management to personal asset management. What do you guys think about this transition? Is it a good or bad thing?

https://medium.com/@ShrimpyApp/cryptocurrency-will-explode-the-personal-finance-market-61e5669d6221

Looking forward to hearing what you guys think!

I think this is a great opportunity to raise people's minds about financial knowledge and help more people lead a prosperous life than ever before. A typical example is that my country is often superstitious and they do business based on the good fortune of God. But now that I am different, I have seen many young people begin to learn more, they cultivate more financial knowledge and do not rely on God anymore. This has made my country's economy grow significantly and I feel very happy. Crypto market has really changed a big face of some Southeast Asian countries.

Your response is a little confusing. If a person is poor, he will not care about asset management. It is because he does not have any asset to manage in the first place. If all that a man has is his very basic needs, he does not have to learn about asset management. He needs to learn about how to create income. He needs to undergo income-generating skills training. He needs to create asset by developing skills and acquiring knowledge and be able to use them to create money. Only then will he be able to ponder on asset management.

Let just respect what our friend was trying to say mate, and I guess what he's talking about was only based on his observations towards a particular person. The existence of God couldn't be compared to money or whatsoever, spiritual and physical ability won't compete. If most of the young people learned and cultivate themselves on crypto, well good for them and learning how to make money was a wisdom coming from our creator.

Getmon

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Quote from: Greed Dev on November 24, 2019, 04:13:34 AM

Quote from: crabby on November 20, 2019, 06:18:21 PM

Hi Everyone,

I wrote up an article that discusses how cryptocurrency is going to change the personal finance market.

There is a big shift coming from institutional management to personal asset management. What do you guys think about this transition? Is it a good or bad thing?

https://medium.com/@ShrimpyApp/cryptocurrency-will-explode-the-personal-finance-market-61e5669d6221

Looking forward to hearing what you guys think!

I think this is a great opportunity to raise people's minds about financial knowledge and help more people lead a prosperous life than ever before. A typical example is that my country is often superstitious and they do business based on the good fortune of God. But now that I am different, I have seen many young people begin to learn more, they cultivate more financial knowledge and do not rely on God anymore. This has made my country's economy grow significantly and I feel very happy. Crypto market has really changed a big face of some Southeast Asian countries.

Your response is a little confusing. If a person is poor, he will not care about asset management. It is because he does not have any asset to manage in the first place. If all that a man has is his very basic needs, he does not have to learn about asset management. He needs to learn about how to create income. He needs to undergo income-generating skills training. He needs to create asset by developing skills and acquiring knowledge and be able to use them to create money. Only then will he be able to ponder on asset management.

Greed Dev

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Quote from: crabby on November 20, 2019, 06:18:21 PM

Hi Everyone,

I wrote up an article that discusses how cryptocurrency is going to change the personal finance market.

There is a big shift coming from institutional management to personal asset management. What do you guys think about this transition? Is it a good or bad thing?

https://medium.com/@ShrimpyApp/cryptocurrency-will-explode-the-personal-finance-market-61e5669d6221

Looking forward to hearing what you guys think!

I think this is a great opportunity to raise people's minds about financial knowledge and help more people lead a prosperous life than ever before. A typical example is that my country is often superstitious and they do business based on the good fortune of God. But now that I am different, I have seen many young people begin to learn more, they cultivate more financial knowledge and do not rely on God anymore. This has made my country's economy grow significantly and I feel very happy. Crypto market has really changed a big face of some Southeast Asian countries.

NathanJB

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Quote from: Mometaskers on November 23, 2019, 09:30:30 PM

Quote from: Serco on November 23, 2019, 03:56:27 AM

Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

Only keep crypto you can afford to lose. Preferably you'd have most of your "savings" in other forms instead of justcash in banks. You are just losing money keeping your money in there. For example the highest interest I've seen in my country that don't lock the money in for 5+ years is 0.25%/annum with a minimum daily balance of $983- the inflation rate is around 3%.

Thats too small if we compare with another saving or Investment. With that inflation our money value actually decrease alot if we used to buy goods. Investment with null risk and high return was property or land.. It will need more money but its return high enough if compared with bank saving.. Meanwhile in crypto it has high return it also container high risk too. And be wise with our money for crypto investing will help us from bankrupt condition.

Definitely! You are even better off risking lending that money to friends and colleagues at 5% interest. What's surprising is the number of people that are surprised to find out that money in bank pretty much don't earn anything.

Banks have their uses but they are NOT for growing wealth. Keep your money in them while saving up for an investment and maybe keep a minimum to retain access to stuff like ATM and credit cards.

Wealth-making should never be a consideration when making a savings account in the banks. They are just savings but not income generator. Even time deposits and bonds offered in the banks are giving very little interest that it is always better not to go for them. It is better to buy properties that appreciate rather than save money itself which is depreciating. Putting money in the banks for regular necessary expenses are good though because that gives security.

Mometaskers

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Quote from: Serco on November 23, 2019, 03:56:27 AM

Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

Only keep crypto you can afford to lose. Preferably you'd have most of your "savings" in other forms instead of justcash in banks. You are just losing money keeping your money in there. For example the highest interest I've seen in my country that don't lock the money in for 5+ years is 0.25%/annum with a minimum daily balance of $983- the inflation rate is around 3%.

Thats too small if we compare with another saving or Investment. With that inflation our money value actually decrease alot if we used to buy goods. Investment with null risk and high return was property or land.. It will need more money but its return high enough if compared with bank saving.. Meanwhile in crypto it has high return it also container high risk too. And be wise with our money for crypto investing will help us from bankrupt condition.

Definitely! You are even better off risking lending that money to friends and colleagues at 5% interest. What's surprising is the number of people that are surprised to find out that money in bank pretty much don't earn anything.

Banks have their uses but they are NOT for growing wealth. Keep your money in them while saving up for an investment and maybe keep a minimum to retain access to stuff like ATM and credit cards.

ethereumhunter

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Quote from: huige007 on November 23, 2019, 08:59:06 AM

Do not make banks the safest place on Earth for our assets because its not. Banks do get robbed by criminals and let us just not forget about they cyber ones too. Hackers hacked banks and got huge amounts many a times in the past. Future wont be any different. if we invest in bitcoin, then not only we will save our asset from all kind of robbers but also do beneficial investment simultaneously.

The banks or crypto needs more attention to avoid hackers. The difference we don't have to protect our account fully because that will be the job by the banks. But in the crypto, the responsibility will be in our hands so no matter what, we need to protect our account aka our wallet from the hackers, especially in the exchanges. The exchange itself is like banks in real life which can be hacked too by the hackers. So if you cannot protect your wallet, then that will be dangerous for your asset.

audaciousbeing

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Quote from: crabby on November 20, 2019, 06:18:21 PM

Hi Everyone,

I wrote up an article that discusses how cryptocurrency is going to change the personal finance market.

There is a big shift coming from institutional management to personal asset management. What do you guys think about this transition? Is it a good or bad thing?

https://medium.com/@ShrimpyApp/cryptocurrency-will-explode-the-personal-finance-market-61e5669d6221

Looking forward to hearing what you guys think!

Transition is a good thing really and its something to be absorbed really. Over the years, the way of investment has been limited to the few who have the education and connect or those who have the funds that the institutions are looking for thereby locking out those not in those circle from such opportunities. But not again with the advent of crypto as we can see happening all around age, location and fund is no longer a deciding factor. An eighteen year old kid that understand how crypto market works could make a fortune equally to thirty five years of active service and at the same time never needed the expertise of the institutional investors. Times are changing and its best to change with it.

huige007

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Quote from: CarnagexD on November 22, 2019, 10:27:22 AM

Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

It's a good start. The ease of getting into it meant that even the unbanked in developing countries can start saving up. People who can't afford to buy gold or don't have enough money for stocks can just buy crypto, etc.

It is a good start indeed but would it be another risk to take by individuals? We used institutional asset management because they were the ones who specializes on keeping our assets safe and secured, turning it to personal management could led into something we do not want. Cryptocurrency becomes an speculative and digital investment accessible almost for everyone but don't set aside the gold which can be use to unit an account for value storing also, tangible and less volatile. This is why government and banks are still on process handling this thing as the number of crypto users are growing.

Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

It's also easier to manage your money. The only time I use banks in relation to crypto is when cashing out and it need not necessarily be done with just banks.

Personally I would totally love it if I were able to manage it but have you ever think of your safety while having those assets? you could be in danger situation and so this is why we have banks to store.
I do use banks for cashing in and out. Also I use banks for savings with interest rate, it is good and passive.

Do not make banks the safest place on Earth for our assets because its not. Banks do get robbed by criminals and let us just not forget about they cyber ones too. Hackers hacked banks and got huge amounts many a times in the past. Future wont be any different. if we invest in bitcoin, then not only we will save our asset from all kind of robbers but also do beneficial investment simultaneously.

asus09

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Quote from: Serco on November 23, 2019, 03:56:27 AM

Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

Only keep crypto you can afford to lose. Preferably you'd have most of your "savings" in other forms instead of justcash in banks. You are just losing money keeping your money in there. For example the highest interest I've seen in my country that don't lock the money in for 5+ years is 0.25%/annum with a minimum daily balance of $983- the inflation rate is around 3%.

Thats too small if we compare with another saving or Investment. With that inflation our money value actually decrease alot if we used to buy goods. Investment with null risk and high return was property or land.. It will need more money but its return high enough if compared with bank saving.. Meanwhile in crypto it has high return it also container high risk too. And be wise with our money for crypto investing will help us from bankrupt condition.

Crypto can change the personal asset management market if price always up but when price down your crypto assets have lower price. I think have risk and profit by investing with bitcoin and altcoin, not always time bitcoin have higher price because many time bitcoin always down by giving fake news with bad situation of bitcoin, many people always try giving fake news to make investor sell bitcoin and altcoin with lower price.

Serco

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Quote from: Mometaskers on November 22, 2019, 04:32:13 AM

Only keep crypto you can afford to lose. Preferably you'd have most of your "savings" in other forms instead of justcash in banks. You are just losing money keeping your money in there. For example the highest interest I've seen in my country that don't lock the money in for 5+ years is 0.25%/annum with a minimum daily balance of $983- the inflation rate is around 3%.

Thats too small if we compare with another saving or Investment. With that inflation our money value actually decrease alot if we used to buy goods. Investment with null risk and high return was property or land.. It will need more money but its return high enough if compared with bank saving.. Meanwhile in crypto it has high return it also container high risk too. And be wise with our money for crypto investing will help us from bankrupt condition.

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