— Indian CryptoGirl ⚡ (@DesiCryptoHodlr) March 18, 2018
Let’s start the conversation with her 🙂
Aniket Srivastava: How did you come to know about Crypto, in which year you started investing in crypto and why? What were some exciting aspects that brought you to the crypto world?
Indian CryptoGirl: A friend of mine got paid in Bitcoin after he hacked into a website. We decided to find out what this Bitcoin thing is and ended up buying Rs 10,000 worth of BTC the same day. I started investing regularly from 2017, mainly in Bitcoin, Ethereum, Litecoin and a few ICOs. The most fascinating aspect is definitely the speed at which the industry is developing, in terms of adoption, technology and awareness.
Aniket Srivastava: You’ve been involved in the crypto space for a couple years, and you’ve seen the ups and downs this year with the big crypto bull market and the bear market. I’d like to start with your initial thoughts about the crypto prices? According to you what are the major factors that affects the price of coins?
Indian CryptoGirl:In Dec 2017 when we were sitting on $18,000-19,000 I had tweeted that the market is about to crash to sub $6000. This was the only price prediction I had ever made. I got a LOT of flak for it, but this was no guess. What goes up, has to come down and we were reaching the severely overbought levels. Hence, today’s $4000-5000 prices don’t scare me at all, it’s healthy for the market and drives away people who are only interested in the price.
Aniket Srivastava: What are your thoughts on the current state of the market and the future?
Indian CryptoGirl: I’ve bought some Bitcoin this week. The market right now, April 10th, 2019, seems promising. We’ve had higher weekly lows, healthy volumes and gradual increase in price. Though we may have a slight downturn from here, in the medium to long term were set for an explosive increase.
Aniket Srivastava: What are your general thoughts on how regulations are currently being handled in the India and what will be the possible outcome?
Indian CryptoGirl: These things do take time. Remember Whatsapp Payments that were scheduled to launch in India last year? Court took a year to form regulations around digital WhatsApp Payments as well. So it’s not that the government or courts are callous about cryptocurrency. The outcome will be in our favor, going against crypto will be a major setback for our economy.
Aniket Srivastava: Which Indian exchange do you use the most and why?
Indian CryptoGirl: I use Bitbns and WazirX. Both these exchanges have decent liquidity, good customer support and decent in-built trading options.
Aniket Srivastava: According to a recent research, 57.43% of ICO projects are at the idea stage and do not have a final viable product. What are your thoughts about it?
Indian CryptoGirl: A lot of startups die at the ideation stage in every industry. The only difference here is in Crypto, they’ve raised money even prior to launch. With the 2017 ICO euphoria over, we need to thoroughly research before putting hard earned money into any project.
Aniket Srivastava: What’s your opinion about the state of crypto in the next 15 years?
Indian CryptoGirl: Forget 15, anyone who says he knows how Crypto will be in the next 10 years is either lying or delusional. What I can say is that in the coming few years issues such as legality, regulation and security will be a thing of the past and most countries would be working on introducing the next big innovation in this space.
Aniket Srivastava: We hardly see any women are active in Crypto Trading especially in India. What is the possible reason for this and how it can be improved?
Indian CryptoGirl: Its no secret that women are late to the party when it comes to new technology.
Women need to shift from a spending to saving mindset. Even if you start small, when you earn to save, you’re ahead of most people across the globe.
To get more women onboard its important that we talk to our mothers, wives, sisters and girlfriends. Another way is to encourage them to work in the industry part or full time, there’s no better way to stay involved than BUIDL.
Aniket Srivastava: In India people are not aware about the crypto, how we can spread the knowledge and message about crypto in India?
Indian CryptoGirl: The trend is changing. Just over a year ago there was no Indian crypto community, no trending hashtags like #IndiaWantsCrypto and certainly no media houses covering the industry. Presently what deters the common man is the feeling that crypto is banned. Once regulations are in place we’ll see greater volumes, awareness and acceptance of this new paradigm shift.
Aniket Srivastava: What do you think about Indian crypto community and how they are moving with crypto world?
Indian CryptoGirl: You and I form the community. By staying active, spreading the right information and staying away from FUD, we’re already moving the crypto world forward.
Aniket Srivastava: Anything you want to say to our audience and where they can find you if they have any questions to ask?
Indian CryptoGirl: We’re still early. Don’t worry about the $4000-5000 price. In 5 years, it won’t matter and in case you haven’t yet, it’s time to invest in crypto and get some skin in the game.
One of the best ways to invest is to allocate a portion of your monthly income. Start with just 5% every month. This is an important shift – you’ll start earning to save and not to spend. Identify the right projects, stay away from FUD and follow the right people online tk stay updated. You can follow me on Twitter at @desicryptohodlr to get the latest in the world of Cryptocurrency and Blockchain. My DMs are always open to help.
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