Post
Topic
Board Economics
Re: Crypto is changing the personal asset management market
by
Hippocrypto
on 24/11/2019, 12:16:02 UTC
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.