We saw a lot of Wall Street being exposed. It is now obvious that the brokers, such as RobinHood do not represent their customers. The Wall Street game is rigged.
in this video I discuss how important it is to use the alternative that is available. We now have blockchain which can replace the corrupt Wall Street entities.
▶️ 3Speak
I don't know if they foresaw the large market cap but I think the day where crypto's marketcap surpasses gold or silver has a good chance of coming. With so many different projects and cryptos being spun up everywhere, I can only see crypto expanding. I hope the new market cap makes people more interested in crypto.
Last night I was talking to a friend online about crypto and he was like "it's first time hearing this perspective". So I think there are still too many people who rely on the news networks and do not understand crypto in general.
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I would agree. That are a ton of people who still watch the news and take it as gospel.
In the end, they really do not know what is taking place as your friend exemplified. I am sure what you told was not any great secret nor information that is not out there.
Yet it was not reaching those ears.
BUt what Janet Yellen is saying about crypto is.
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Great points!
Up until very recently, I was only doing traditional investments. It was the only way, people said. Now, the more I learn about crypto, the more I'm shifting my investments to it. I think I'm still gonna hold some more traditional investments in the future, but I'm very confident in the new way that's unfolding before me.
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The traditional world is one that is rigged to such a degree that individual investors get screwed. The Robinhood situation brought that to light.
It doesnt mean there isnt money to be made just we need to generate an alternate system that cuts out the middle men.
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Just curious, and you don't have to answer if you don't want. Are you a crypto maximalist or do you still hold traditional investments? I still hold traditional investments. As much as I see the system is rigged I still don't think I could fully pull out of that space. Is is still just too large and drives too much of the economy at this point. The hope is that it won't come back to bite me one day.
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I am in traditional investment out of my retirement accounts.
But my "cash" accounts are all in crypto.
I will continue in the stock market, although I am not that fond of the levels we are at now so I am mostly on the sideline with that since I am expecting a pullback.
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Good to know! I am spread all over the place but I would say a good 80% of our wealth is spread across about five or six accounts.
Just what I am doing. The stock market might be something attractive to me with a major pullback.
However, there is also the potential of seeing stock, perhaps synthetics, traded using crypto so being in that game with crypto will be possible.
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Hey bozz sorry to spam like this but have you voted for the proposal for SPORTS yet ? You are like 13th in sports holding right now , so can you vote for the proposal ? link
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I will take a look.
Thank you very much for considering .
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@taskmaster4450le using the alternative is really necessary and I like the way you simply explained all the details....
@taskmaster4450le I agree that the blockchain is better because it has features that makes rigging easy to detect....
Why I do not like the Wall Streets is because of the corruption going on,that is why the blockchain should be protected and be more decentralized to avoid abuse of power on the blockchain which is something which killed the wallstreets...
Summary:
In this video, the speaker discusses the recent events involving Robinhood, hedge funds, and GameStop, highlighting the unfair advantages that brokerage houses and major institutions have in the financial system. He emphasizes the need for an alternative that can operate without third parties and intermediaries, suggesting blockchain technology as a solution. The speaker believes that blockchain can create decentralized financial structures, enabling peer-to-peer interactions and tokenized assets without the need for major Wall Street institutions. He acknowledges potential challenges like regulation, scams, and fraud in the cryptocurrency world but sees the benefits of using technology to address financial system issues.
Detailed Article:
The speaker opens by addressing the events surrounding Robinhood, hedge funds, GME, and Wall Street, emphasizing how these incidents have revealed the rigged nature of the financial system. He points out that brokerage houses and major institutions manipulate trades in their favor, stacking the deck against the average investor. The speaker argues that there is a need for an alternative system that eliminates the advantages enjoyed by these powerful entities.
He expresses skepticism about governmental intervention, specifically mentioning the U.S. Congress hearings as ineffective. The speaker believes that blockchain technology provides a viable solution to operate without the influence of these entities. By leveraging blockchain, he suggests creating decentralized platforms that facilitate peer-to-peer interactions, reducing the need for intermediaries and rent seekers.
The speaker acknowledges the past role of facilitators in bringing buyers and sellers together but questions the value they currently provide. He contrasts this with the potential of blockchain technology to streamline transactions and create tokenized assets independently of traditional financial institutions. Despite recognizing regulatory challenges and the presence of scams in the cryptocurrency space, the speaker views these as temporary obstacles that can be overcome with time.
Furthermore, he criticizes the unscrupulous behavior of major Wall Street institutions, highlighting the disconnect between financial abundance and ethical conduct. The speaker emphasizes the role of technology in addressing these systemic issues and advocates for a shift towards a more inclusive financial system that benefits the larger population.
Towards the end of the video, the speaker shares personal insights into his investment activities, noting a preference for cryptocurrency over traditional markets. He stresses the importance of individuals being proactive in managing their finances and encourages viewers to stay informed about developments in the financial sector. The video concludes with the speaker wishing everyone a great day.
In summary, the speaker's discussion revolves around the need for a fairer financial system, the potential of blockchain technology to revolutionize finance, and the importance of individual agency in shaping financial outcomes. He underscores the opportunities presented by blockchain in creating decentralized structures that prioritize transparency and equal access, ultimately aiming to empower a broader segment of the population in financial matters.