i was invited to do an interview and answers on these 15 (17) questions, so here they are:
1. When and why did you become interested in cryptocurrencies?
- i was long involved into financial markets, and heard about bitcoin in 2013, but did not become that interested since the bull run in 2017, primary reason for interest was earning in bitcoin investment, but during 2018 i have learned a lot about cryptocurrencies, and i could say that earning money is not primary motive anymore, i think that cryptocurrencies will become standard for many industries in this decade
2. When and why did you buy your first bitcoin?
- actually, first bitcoin i have bought in April 2020, after a small recovery from March lows, but have to say that my first purchase was Ether, that i have bought multiple times in 2019, and LTC, that have bought in 2019 as well
3. How did you get on the forum?
- it was not intentional, during Google search, in January 2018, first period spent on bounties only, but at the moment interested in many subjects, primarily in Gambling topics
4.1. What prevents mass adoption of cryptocurrencies?
- at the moment, you need to be tech-savvy to use most of cryptocurrencies, and for mass adoption we need possibility of recovery (custody or bank) for your funds, since most people are not used to the fact that they are the only responsible person for their funds
4.2. How do you think mass advertising of gambling projects has a positive effect on the development of the forum or harms the community?
- it is questionable, and hard to answer, since i gamble responsibly, but there are many people that are trying their luck with funds that are not supposed to be lost, and that is why i do think that gambling advertisement should be responsible as well (i am trying to include advise to bet on what you can afford to lose now and there), gambling with beer money is actually bringing much fun, but it is very hard to live on gambling earnings
4.3. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
- it depends what you were doing during these 2-3 years
, i think that with cryptocurrencies at this stage, one needs constant education, since there are new products and developments every day, and formal education would give you some to start with, but industry is evolving at a rapid pace, and constant skills improvement is needed for one to be successful investor
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?
- i do think that Merit system is good for forum, it improved my writing in the first place, but i do think that there should be a requirement for members that reached certain status to have some amount of merits periodically, or to be relegated to lower status (there are too many members with Hero/Legendary status, with 500, 1000 merits, received at the start of Merit system, without any merit received afterwards), so maybe addition that, for example, Hero should get 2 merits a month, to retain status would be a good option
6. The most useful forum topic? Most helpful users?
- for me, most useful is Croatian local board, i am Serb native, but since Serbia does not have a local board, and active community, i am mostly active in Croatian local board, and there are very interesting information there and strong community
- from a complete forum, i think that Scam Accusation is very important part of the forum, in a young industry like this, where a lot of people is not aware of possibilities with cryptocurrencies, and could be easily scammed in the learning process
7. 3 things you would implement on the forum?
- first: already mentioned changes in Merit system, to have periodic merit requirement to retain status
- second: assign moderators to local boards, to have a possibilities to change something in local boards
- third: added sub-topic for new developments in cryptocurrencies, which should cover DeFi and NFT at the moment, but many other products in the future
8. Do you trade on exchanges or invest in projects?
- actually, i have accounts on a few exchanges, but mostly investing at the moment, do not trade a lot, rarely when there is a good possibility
9. Tell a story about your big profit or big loss?
- bought Ether in the beginning of 2019, and there is a good profit on that investment at the moment, as well as bitcoin in April 2020, which is still in holdings as well, with 100+% profit
10. What do you think about the DEFI ecosystem?
- it is very risky at the moment, there is a lot of scamming there, but i am involved in LP on Uniswap and Justswap, thinking about Flamingo as well at the moment
11. Is your anonymity a vital necessity or precaution?
- it is a precaution, do not think that it is vital since i do not have large amounts of money involved in the industry and i do not trade anything illegal
12. The last cryptocurrency book you read?
- currently read my first book - The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum, but read a lot of articles on medium, where the subject is discussed
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
- think that bitcoin and ethereum is always good to buy, but i would mention three less-known projects, that I am invested in, that are:
THETA - video delivery project
REN - inter-blockchain liquidity project
VIDT - document verification on block-chain project
14. How much will Bitcoin cost at the end of 2020?
- i am not that good at predicting prices, but for the sake of the interview, will say 13k USD, nevertheless, it is more important that 1 BTC will be 1 BTC at the end of 2020, as well as at the end of each year after that, and that will be 1 from 21 million always
15. P.S. (Optional)
- thanks for the opportunity to be involved in the interview, hopefully someone will find some of these answers useful