Crypto is changing the personal asset management market

[teosanru]

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!

Actually i don't think this would happen until there is some stability in the market. Cryptocurrencies market are pretty volatile and can fall upto 20% in a day no fund manager would go on to invest in such things as people would really kill them for this. Moreover most of the funds are made under the guidelines of SEC which tell how much weightage can each sector carry. So until there is a change in such guidelines fund manager really won't be coming in Cryptocurrencies.

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[amishmanish]

The personal assets mentioned in the article seem to be the Tokens/ Coins that get listed on exchanges post ICOs or other forms of fund-raising. I don't think that trading of these assets actually comprises "Asset Manangement" yet.
In the traditional sense, when you have a portfolio of stocks being managed by an asset manager, they are investing your money into companies that are part of different economic sectors. Depending on the market and business conditions, they make decisions to manage the portfolio in such a way that you end up with a decent return.

On the other hand, calling the trading of Alts vs BTC or Alts vs USDT as "Asset management" is presumptive. This would not be the case if these Alts actually had a live user base and were being actively used for economic activity. Even the most prominent of the Alt-coins like Ethereum, EOS etc have not yet been able to come any closer to launchiung a proper DAPP econsystem. The app that is advertised at the end of the article basically provides access to data on the rates of Alts and BTC in major exchanges. Such API's have existed for a long time and trading bots have been utilizing them for quite sometime. How so you call this "Asset management"?

[CarnagexD]

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.

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.

[Mometaskers]

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With bitcoin, the people had an opportunity to purchase bitcoin at their own freedom without thinking of having gold as their asset. Managing our money is worthy in most cases, but what's more important is that you knew how to control your outgoing and incoming funds. Developing countries should apply crypto on banking system in order to make their transactions more efficient.

It's still better to have a variety of assets but I think one thing that should be explained about bitcoin is there isn't a high starting minimum balance. People who can't afford to open up a savings account can open an account on a bitcoin exchange first for example and then learn how to transfer that to other storage.

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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.

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%.

[Serco]

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.

[asus09]

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.

[huige007]

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.

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.

[audaciousbeing]

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.

[ethereumhunter]

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.

[Mometaskers]

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.

[NathanJB]

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. 

[Greed Dev]

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.

[Getmon]

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.

[Hippocrypto]

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.

[Kevondo]

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.

[Mometaskers]

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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.

[EdvinZ]

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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. 

[boris singer]

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.

[naikturun]

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.

[Yatsan]

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.

 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.