1. When and why did you become interested in cryptocurrencies?
Answer: I remember when I was looking for ways to make money online it seemed like the easiest option even if the income was not huge. Sometimes I get lucky and get paid but other times it is a waste of time and energy. Then my cousin introduced me to Bitcoin. I would love to learn about this digital currency and how it is measured in Satoshi. I started collecting satoshis from faucets not knowing that the value of bitcoins will increase in the future. When the price was in the hundreds I sold most of the proceeds to enjoy my gain. I later fell victim to a scam on Facebook and YouTube trying my luck with online investing. However this unfortunate experience prompted me to create a bitcoin wallet and delve into the world of cryptocurrencies. Bitcoin price volatility intrigued me and drove me to do extensive research all night long. At that time I stumbled across a forum and saw the potential of Bitcoin for online transactions. This discovery fueled my passion and eventually led me to pursue a degree Computer Science.
2. When and why did you buy your first bitcoin?
Answer: I bought my first bitcoin in 2019 when bitcoin was around $8,000-$9,000. I bought $1500 to $2,000 worth of bitcoins. I do not remember which exchange I used but I sold it a few months later and I do not remember why
3. How did you get on the forum?
Answer: My friend recommended me to visit this forum if I want to earn extra income from cryptocurrencies. He suggested there where I could grow my account and participate in compaigns like bounties and signatures and other ways to earn rewards like Airdrops, Micro Earnings, and Faucets.
4.1. 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?
Answer: Two to three years of cryptocurrency experience can be a good basis for understanding market dynamics technologies and trends. However, to successfully invest in cryptocurrencies you need to be constantly learning keeping up with the latest developments and conducting in depth research. While formal training in the field can be helpful it is not a requirement for successful investing. Practical experience learning from reputable sources, and awareness of the risks involved are key factors in making informed investment decisions.
4.2. What prevents mass adoption of cryptocurrencies?
Answer: Mass adoption of cryptocurrencies has been delayed due to opposition from governments banks and negative media coverage. However, the Bitcoin community is making progress, and improved, user friendly software solutions are expected to drive adoption. While volatility and fraud present challenges spreading awareness and dispelling misconceptions is critical to widespread adoption especially in developing countries with large populations.
4.4. Are you using the Lightning network? If yes, for what purposes?
Answer: I might not use it until now but perhaps I will use it in the future.
4.5. Which secure cryptocurrency wallets are you currently using?
Answer: I primarily use Trust Wallet to send and receive funds and to save money for the future. However I have noticed that many users prefer to keep their funds on the exchange and may not be aware of the potential risk of the exchange going out of business as was the case with the Hotbit exchange recently. There are several reliable and secure cryptocurrency wallets on the market including Ledger Trezor and Coinbase Wallet. You might consider using one of these.
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?
Answer: The merit system seems like a positive addition as it solves the problem of growing from low quality posts and being sold for signature campaign revenue. While I am not positive enough to judge its effectiveness, I hope it helps reduce spam. Signature events if managed properly can benefit all participants. Revenue and signature campaigns definitely improve the health of the forum by encouraging users to contribute meaningful content. While the achievement system is not flawless, it can serve as a useful tool in identifying useful forum participants. Additionally, introducing a voting system where trusted users can upvote or downvote posts could further crack down on low quality content and deter repeat offenders.
6. The most useful forum topic? Most helpful users?
Answer: This forum has many useful forum topics that I believe are relevant to everyone. I cannot mention all of them but here are a few:
- Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
- Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Most Helpful Users:
7. 3 things you would implement on the forum?
Answer: I think there is no need to do anything else in this forum. Everything here is the best.
8. Do you trade on exchanges or invest in projects?
Answer: I have tried trading and investing in projects on exchanges but my favorite thing to do is investing in projects because I earn more from them than from trading. Additionally converting cryptocurrencies to fiat currencies can sometimes be a challenge due to regulatory requirements limited availability of exchanges and more. or bank limits. That's why I do not like trading on exchanges you can also read my 9th Answer.
9. Tell a story about your big profit or big loss?
Answer: In my trading journey I have experienced both the thrill of winning and the pain of losing. Through careful analysis I managed to make a profit of more than $3,000 which strengthened my confidence in trading. However a series of unfortunate trades resulted in a loss of approximately $2,600 a valuable risk management lesson. Undaunted I was determined to learn from this experience and continue to pursue financial growth in the trading world. So if we calculate exact profit from trading then I get only $400 dollar.
11. Is your anonymity a vital necessity or precaution
Answer: No
12. The last cryptocurrency book you read?
Answer: I have never read any Bitcoin book until today nor will I read in the future. But I have watched several videos about Bitcoin on YouTube and sometimes I have also searched about Bitcoin on Google.
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
Answer: In next 1 - 2 years i suggested that we can invest in these coins:
1. Always Bitcoin (BTC)
2. Ethereum (ETH)
3. Binance (BNB)
14. How much will Bitcoin cost at the end of 2023?
Answer: If I guessed the price of BTC at the end of this year then its price may be $36k - $39k