1. When and why did you become interested in cryptocurrencies?It was back in 2010 when my brother was offered 10k BTC for just $0.1 per coin (INR 4.7 per coin totalling it to 47k INR for 10k BTC as $1 was worth Rs.47 at that time). Our dad refused to buy it as he thought this is some scam, some sort of catchy penny stock sort of thing that will die some day, and he even suggested us to stay away from this and my brother gave up. I, however, stayed calm and kept looking for more information about BTC and the technology behind it. I was amazed how quickly it was gaining a lot of attraction at that time with its price increasing (and even crashing) like crazy. I learned, and learned more till that drastic move came in BTC when it reached $1k and that was the time I decided to start trading it. That was the time I started taking interest specifically in BTC.
2. When and why did you buy your first bitcoin?Ah, as I said before, when the value of BTC spiked above $1k for the first time in 2013, I asked my dad if I could use my salary savings and buy BTC (yes, I was a teenager back then with some savings made through my jobs I did before). He said okay, but if you lose anything in this, I won't be paying you. It was my 1 year savings that I went all in with, around $500. I didn't buy 1 whole BTC but half of it. The reason why I bought it, was to trade Auroracoin which was doing great, but my bad the team didn't complete their airdrop as expected and I lost my savings due to the trade going under immense loss. A noob trade though.
3. How did you get on the forum?I was learning about BTC slowly, but was getting mad with some improper information and half knowledge, and I was a social beast when Yahoo messenger took place, so met a lot of people online. Due to this feature and the fact that together we succeed, i tried finding a social place where I can get all the answers to my questions, even the most stupid questions. So, in late 2013 when BTC caught my eye again, Bitcointalk came into my eyes as well and I joined it.
4.1. What prevents mass adoption of cryptocurrencies?My view on this is very different than others, but it's true.
FUD (Fear, uncertainty and doubts) is the main reason behind the mass adoption of cryptocurrencies or anything that has fear attached to it. FUD of losing and FOMO are two things that stop a normal person (in other words, layman) to believe in the future of 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?Well, good for a gambler, bad for gambling addicts.
Actually, these projects are the backbone of forum because you can't deny the fact that there's a gambler in each of us and we love to earn BTC through these projects, play with them on their websites and whether win or lose, we enjoy gambling unlike others who lose what they can't afford to lose. They are the ones who would feel harmed with this type of advertising.
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?Experience is the best friend of an investor that helps him/her understand how to go with the trend, follow it and make some winning trades/investments. IMHO, no special education can beat experience of a person.
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?Merit system is something needed from the very beginning of the forum, many users would have never reached Legendary rank (including me to be very honest
). Seriously, it's just like a token of appreciation, a "like" that gives a motivation to us to work more for the community and contribute in a much better way as expectations are bound around us when we start making mature comments. Signature campaigns are the life of this forum TBVH, those who don't like signatures also have the option to stop seeing them by disabling it through the look and layout preferences of the forum. It's a perk for everyone who actually uses their skills and help the community in any way needed, and by the way, I loved a comment from someone who said that the forum would be boring if there were no colors, signatures are those extra colors which make the environment look festive on the forum.
6. The most useful forum topic? Most helpful users?Many, seriously many forum topics are extremely helpful and I won't be categorizing anybody due to the fact that everyone is best in some genre, so hats off to every user of this forum (except scammers and spammers). I personally like SteamTyme, LoyceV, the whole Chipmixer team (hehe), DireWolfM14, and most importantly, DarkStar, these users are my personal favorite, but that doesn't mean I don't follow others. I've seen many members who truly dedicate themselves and do whatever it takes to get into the depth and help others and contribute at their very best.
7. 3 things you would implement on the forum?Quick moderation - I'm a bit unsatisfied with the moderation and that's because there are least number of moderators against total active users.
Implementation of bots - If they can't hire moderators, I believe some bots should be implemented that, once a post gets reported, these bots should have the ability to determine spam based on some mentioned keywords by a few known spambusters.
Extra security - Add 2FA to the forum's sign in page so to let us increase our account's security a bit more.
8. Do you trade on exchanges or invest in projects?I trade on exchanges because I highly fear of the fact that if the tokens are either dumped or just not given by the team on time or any time ever and team runs away (scams), I'd lose everything.
9. Tell a story about your big profit or big loss?My biggest profit was in 2018 when all the alts and BTC were doing great, touching sky-high ATHs and we had some Pundi X. But my brother's greed stopped us from selling it on time and the market crashed. He sold it for half the profits we were in, still went ahead and bought MFT and lost everything. That was the biggest loss followed by a biggest profit.
10. What do you think about the DEFI ecosystem?A story that might end soon if the pump-and-dump scene isn't teared apart from it. Otherwise, it's definitely something I'm loving to learn a lot about.
11. Is your anonymity a vital necessity or precaution?It can't be a precaution for me, but a vital necessity because I love my privacy too much that even a few of my friends don't know what's my username on Bitcointalk.
12. The last cryptocurrency book you read?TBH, in all these years, I didn't read any book based on cryptocurrencies because this forum had been enough for all the information needed. What I've read till date - Satoshi's white paper.
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?BZRX, ZRX, BTC.
14. How much will Bitcoin cost at the end of 2020?Prediction hmm... I guess I can't really predict this so accurately but to what I see, BTC seems to remain under $14k at the end of 2020. Now, don't ask me why.
15. P.S. (Optional)Let us spread love everywhere, we all need it a lot during this pandemic situation.
I know even I use some shitty slangs somewhere in my comments, but that's due to the fact that we're humans and we can become angry on some topics. I'll try to be calm from now onwards.
And thanks a ton zasada for the opportunity to present myself in front of the forum.