Turned into a financial influencer with more than 3.6 million subscribers on YouTube, certified accountants and teachers have the talent to explain complex financial products and jargon in a fun and easy-to-understand way.
She did the same in a one-hour virtual “Cryptographic 101” session at ET Prime. There, through simple, everyday analogies and fun anecdotes, we unraveled various aspects of crypto investment, while at the same time jumping into a hindiwood song to point out key finances. Lessons to remember.
CA Rachana Ranade sings Hindi wood songs to offer financial lessons
In the ET Prime Crypto 101 session, CARachana Ranade sang the title track of the Boliwood movie “Kal Ho NaHo”, providing lessons on the core beliefs of financial investment and summarizing the crypto market.
Watch the entire video Here..
With increasing market volatility and risk sales, crypto market attention increased last week, with the global market capitalization of all crypto tokens exceeding $ 1.3 trillion.
Experts believe that there is widespread selling out of global concerns about inflation, rising interest rates and geopolitical issues that are squeezing market sentiment. They also believe that the crypto market corrections reflect that traditional financial market corrections were squeezed by the potential recession and growing concerns about pressure on oil prices.
“After certain tokens soared and started investing for fear of people missing, there was a buzz around crypto. However, this is not the right approach to investing in an asset class, but the first step. Is to acquire knowledge. With some knowledge, it is great to start investing in small quantities. “ Ranade said.
ET Prime Crypto 101: CA Rachana Ranade on what a “party fund” is
In the ET Prime Crypto 101 session, CA Rachana Ranade will show you how having a “party fund” allows investors to start with a small amount of money and try out new investment products.
The small amount used to make the initial investment can be in the form of a “party fund”. There, save the money that would be spent at one dinner party with a few friends.Get used to
“… Learn and earn, not invest for fear of missing.”
For this reason, doing a fundamental analysis before investing in crypto tokens is just as important as investing in stocks, Lanard said.
“There are coins that have no inherent value and follow pump and dump schemes. Investors need to analyze where crypto tokens derive their value.” She added.
To understand the underlying value of crypto tokens, investors should consider the problems they solve, their core use cases, and why the crypto tokens were created before deciding to invest in them. You need to analyze the underlying logic.
CARachana Ranade on what to look for before investing in tokens
With so many crypto tokens on the market, CA Rachana Ranade states that investors need to do a fundamental analysis of their tokens before investing in them.
Watch the entire video Here..
Ranade said that investors need to read and understand the crypto token whitepaper, comparing traditional financial markets with crypto markets.
Ranade explained that each cryptographic token whitepaper corresponds to the public company’s Draft Red Herring Prospectus and contains important details about that particular cryptographic token.
“If you are new to equity investing, the first advice you will get is to invest in blue chips and those relatively large stocks. The same logic I apply to crypto. With tokens. Therefore, the obvious choice will be those included in the top 10 tokens. “ She said.
Why CA Rachana Ranade Invests in New Asset Classes
CA Rachana Ranade explains why you should try a new asset class and focus on learning through experience with a small investment first.
Ranade also explained five criteria for classifying assets as virtual digital assets, answering questions about blockchain technology and non-fungible tokens.
Ranade emphasized the difference between crypto investment and crypto trading and elaborated on why she believes that crypto trading is not suitable for all investors.
CARachana Ranade on crypto trading and crypto investment
In the ET Prime Crypto 101 session, CA Rachana Ranade discusses the risks associated with crypto trading and why she believes it is not suitable for everyone.
She also talked about the evolution of the regulatory environment for digital assets and answered questions related to asset taxation. The government’s announcement of tax obligations on crypto assets shows that crypto is recognized as an asset class and is unlikely to be banned in India, Lanard said.
“What the government is doing to put this asset under the regulatory network is a welcome move, and a strong regulatory framework will evolve over time … and in the best interests of investors.” Ranade has been added.
See completely
“Cryptography 101” On-demand session with CARachana Ranade at ETPrime.Link
Here
..
Disclaimer:
“Cryptographic products and NFTs are unregulated and can be very risky. There may be no regulatory means for losses from such transactions.”
