It is my pleasure to receive your invitation and sure I am going to answer your questions. It is kinda (un)official and indirect recognition of my value & contributions on the forum from you in particular and from community in general.
1. When and why did you become interested in cryptocurrencies?
Short answer: first time in 2014, second time in 2017.
It is a long story.
Honestly, I heard and read about Bitcoin circa 2014 when the news about Mt. Gox was spread over the Internent, includes my local newspapers. Unfortunately, I simply read news and skipped it (my regret). I believe everyone read such bad news the first time do feel fear of bitcoin. Furthermore, back in the days, Bitcoin was mentioned as a
'virtual currency', that is truly a wrong and misleading term. In my nation (Vietnam), the government control, screen and control what are published on newspaper, Internet (mostly) and they intentionally to seed the term 'virtual currency' and keep it plays as a very first barrier to local interest and adoption with bitcoin (expands to crypto).
In 2017, I got an invitation from my brother in law (who is an IT coder) to invest in crypto. He said he made trial investment from $1000 and got big profits. Important thing is he shows me his belief in bitcoin and crypto, not his portfolio history and balance. In reality, he invested earlier than in 2017 and bought ETH around the DAO hack. He waited for too long and ETH price did not grow well so he sold most of his ETH around $15 to $20, just keep a small amount of ETH to sell it above $1000 later months.
The year of 2017 is when I truly invested in bitcoin and crypto. I spent ~ 2 weeks to research about them, and began my adventure in crypto. I wish I had began sooner.
2. When and why did you buy your first bitcoin?
I don't remember exactly but I bought my first bitcoin ~ April 2017. The reason behind that is not to simply invest in
BTC. Honestly, I bought it as a gate into crypto, then buy ETH. People who was in crypto 2017 know how ETH looks 'promising and potential' back in the period.
3. How did you get on the forum?
Google, sure.
I simply read and did not create my account. I created my account when an influencer in my country provided a tip to join airdrop. He is an expert in crypto, knowledgeable I meant. I followed him for a long time and impressed on what he write about bitcoin, altcoin and the market actions. I am curious what's going on the forum, what is airdrop, how to join, blah blah.
Somewhat, it is my shame to start this way.
4.1. What prevents mass adoption of cryptocurrencies?
Governments' misleading social campaigns and local laws. They don't like bitcoin, crypto, and sure they try to prevent people get 'healthy and natural' exposures to crypto. Another factor is ages. The elderly always be more cautious with anything strange and looks risky, volatile. The younger population is better to adopt crypto.
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 a complicated situation. First, let's get started with difference in culture and moral principle of the Western and Eastern nations. In the West, gambling is legally but in the East (or at least in my nation) it is illegal. Moreover, Buddism is more popular in Eastern nations and gambling is one of unaccepted things in the Buddism.
To expand, it is similar when someone shill projects or simply wear a signature of a shit project (mostly scam), it looks like "Oh I wear it, and I don't do anything more. People have to be responsible for their decisions". I thought of it the same (back in past, I did not understand how bad shit altcoins are). Now, my minds change and I think people should not promote for scam projects.
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?
Maybe up to 4 years. Education and learning is important basics but they are beginnings. To be survive in crypto, people need to practice and get losses. Vital point is "Don't use all your money to invest. As said, you will get losses so let's start with small fund, and accept losses, get lessons and improve yourself". All in investment, you have a single chance (mostly a death penalty). Not all-in investment, you can have 10, 20, 30 chances.
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?
Merit system works perfectly. It works as it was planned to do. I do see chances to earn merits recent months are easier than the past. Newbies should take it as motivation reward and keep up working, keep the forum clean.
[1] see evidence from statisticsSignature campaign, it is good if participants be aware of what they are doing. It is not their homes, and can be shutdown anytime. So to keep their chances to earn money here, they have to contribute.
6. The most useful forum topic? Most helpful users?
Most useful forum topic: It's hard to say. Rules of course. However, I'd share the 3 inspirational topics:
Most helpful users: LoyceV (help me a lot), DdmrDdmr, pooya87, o_e_l_e_o, TheBeardedBaby, fillippone (a rising star), wwzsocki (who helped when I was in trouble), Hhampuz (very kindful guy & professional manager).
7. 3 things you would implement on the forum?
- Increase the exposure of Welcome message as requested there
- I'd like to see demotions on users who are actively post, and don't get enough minimum merit. Maybe recount after 6 months or 1 year. Shitposters can not rank up high nowadays but old-era shitposters are still spamming (because they are not demoted).
- A new rank above Legendary for members have 4000+ earned merits.
8. Do you trade on exchanges or invest in projects?
Both. I allocate most of my capital for investments.
9. Tell a story about your big profit or big loss?
Big profit: in ETH and DASH in 2017.
Big loss: with a flash crash of DASH (I used margin trade). The crash happened within minutes. I left my computer to eat my lunch, when I came back, it's gone even the price bounced to the range before the crash. Price was dropped about a bit less than /3
10. What do you think about the DEFI ecosystem?
Scam and hype. People who was in crypto long enough should know the stake and masternode hype trend. It is similar somewhat.
11. Is your anonymity a vital necessity or precaution?
Sure, important or vital. The level of its meaning increases during your time on Internet. Newbies don't care about anonymity at start. Anonymity can not be recovered if you lose it at start!
12. The last cryptocurrency book you read?
Mastering Bitcoin, 2nd edition (Andreas M. Antonopoulos). More sources are
there13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
Bitcoin, sure and please let me partially skip the question. I don't want to make a investment advice here.
14. How much will Bitcoin cost at the end of 2020?
It would be somewhere around $14000.
Thank you for the interview (zasad@) and for your reading time, all you guys.
Edit:
I edited to update with evidence for my statement that earning merits nowadays are easier for newbies than in the past (before mid of 2019).
[1]
Chronological changes of top 200 merit receivers / senders since Jan 2018