"There is a feeling of a gold rush": Women on working with cryptocurrency
Possible, at first cryptocurrency industry and was a closed men's club, but the reality today is that more and more women appear in the blockchain world, and they come to very different positions: investors and traders, analysts and consultants, popularizers and experts.
We talked with some of them in order to understand how their work started with the blockchain, how they see the prospects for a new volatile cryptocurrency market and what is needed in order to earn serious money on bitcoins.
This is a very funny story. I subscribe to many tattoo studios, including foreign ones. Once, under a photo of examples of a tattoo, I found a link to a stream channel of a model, where she mostly showed intimate tattoos to viewers. And she accepted only crypt for payment. Then for the first time I didn’t just hear, but I saw that someone was using it.
I worked in the RBC magazine, we had a lot of texts about it. On the RBC website, a bitcoin exchange rate appeared next to world currency rates. At first it was just interesting to read about it, then I was interested in the buying process. But in early 2017, I bought deshcoins for fifteen thousand rubles. I’ll say right away that I didn’t buy Bitcoin - or the cue ball, as we call it -. He was very expensive at that time, and it was not at all clear how and where to start.
A crypt is like a machine: you can make money by producing it, you can by selling it. Then all mine. This perspective did not interest me. Since then I have invested about two thousand dollars in a crypt and earned them about five hundred dollars, not more.
It is very difficult to assess exchange rate fluctuations in the case of cryptocurrencies - especially if there is no exchange trading experience at all. First, since there is no regulator, it is possible to sharply raise demand and price, and then reset, with multiple small transactions. And when there is a sharp rise, it is difficult to understand whether it happened for an organic reason or it is a cheat.
Secondly, there is a very large turnover on crypto-countertops. Imagine a pond: there is food in it, but in order to catch it, you need a lot of water. Water is falling, and in the wake of the new fish swim in the pond. The water rises, the fish are happy and eat something. Then the water goes down again and most of the fish swim away in disappointment. On low water, new ones are already getting. There are always a lot of new people, and they are willing to spend and buy for the sake of interest. And just as quickly disappear. To earn seriously on cryptocurrencies, you need to spend a lot of time tracking the situation. Follow the news, including: the founder of currency and blockchain Etherium gave the Buterin interview - how does this affect the rate?
Even the fact that buying is prohibited by law is not easy to buy at a crypt. Most often, my friends deduce it in ordinary money, and they are already spending it in traditional ways. But with a crypt it is very convenient to support artists, musicians, any crowdfunding. I know people who supported independent films with the help of a crypt, invested in startups. There is, for example, an American startup that makes powdered food. With the help of a crypt, several of my acquaintances became his investors.
The crypt now had a classic market start: technology is becoming hellishly popular, the lack of a regulator allows you to earn a lot and quickly or just as quickly lose everything. Thousands of new and new currencies appear. This is usually a short period, then regulation begins and more massive use. I think that cryptocurrency will become commonplace. For international payments there will be two or three, for domestic ones all others.
Here, as in the legend of Joseph Kennedy (the father of the future president of the United States, John Kennedy, sold all of his assets in a matter of days before the market crash that led to the Great Depression. - Approx. ed.). He went outside to clean his shoes, and the boy, when he was cleaning his shoes, asked him what stocks to invest in. And then Kennedy realized that the exchange as it was was a cover. Because already the boy from the street knows everything. Most cryptoinvestors are such boys from the street.
I have been working with blockchain technologies for almost a year. It began with the fact that I became the director of international PR of the Russian blockchain platform Waves, and now I have my own international communications agency for blockchain, cryptoindustry and technology startups. Since we are also to some extent a startup, the work takes twenty-four hours a day, seven days a week, with breaks for favorite activities, meetings with friends and walks.
Today's cryptocurrency market is a legally unregulated environment (with varying degrees of legislative development in different countries), which is developing rapidly. The beginning of 2018 was a period of bitterness and disappointment for many players: the market fell from 800 billion dollars at the end of 2017 to 300 billion. Regardless of how to characterize what is happening now - market adjustment or consolidation - one thing is clear: the industry is adapting.
The following trends are observed: people who make legislative and political decisions are likely to be careful in their approach to regulation and will continue to observe. The times of a completely crazy HYIP have already passed, and for projects that do not have a high-quality product or technology, it becomes more difficult to interest cryptoinvestors. And that means scam projects (scam companies. - Approx. Ed.) will be less. Projects will have to be more creative and selective in their promotions after Internet giants, like Google, Facebook, Twitter, have made the decision to block advertising related to crypto. Projects with a clear and popular product and a significant reputation, like Telegram Durov, will continue to raise significant funds.
In addition, the promise of blockchain technology has become aware of traditional institutions in many key sectors of the economy, and now it is difficult to imagine, for example, the leading bank without its own or partner projects to introduce the blockchain. The scope of the blockchain is expanding, from the nonprofit sector, where, for example, the World Food Program offers storage of biometric data of migrants and refugees on the blockchain, to completely new and promising technologies, such as artificial intelligence or augmented reality.
While the use of cryptocurrency is rather narrow and limited to the financial sector - first of all it is an investment tool. However, thanks to the technology behind cryptocurrencies - decentralization, anonymity - many areas of life can change dramatically, we will potentially manage capital in another way, vote, take care of social issues and ecology, travel differently. So far it sounds like science fiction, and the technology is really in its infancy. But the dynamics of its development suggests that we can wake up in another world much earlier than we expect.
The first thing to remember: the market is not regulated and carries high risks, due to the fact that it is very young and volatile. No one knows which cryptocurrency will dominate in a few years, blockchain technologies are in the early stages of development and are far from widespread use, regulation is still uncertain. Those who start should be guided by a simple rule: start with a small investment, minimize their risks, diversifying a cryptocurrency portfolio - you can invest in 5-10 of the most popular ones (by coinmarketcap). And follow the trends, market and developments.
I work as a product manager in a company with my own token, so you can say that I do cryptocurrency forty hours a week. Blockchain and cryptocurrency were a serious matter much earlier than the HYIP started. About blockchain in general, and Bitcoin in particular, was told to me by a fellow programmer several years ago; in order to truly understand how it works and “what's the catch,” I needed to take a separate course on Coursera (by the way, here it is). Then I found out about Bancor (bancor.network) decentralized organizations and liquid tokens - there is a very good video from one of the founders on TED - and I believed in the future of technology as a solution to the problem of venture investments, but not only them: for example, nobody predicted that the appearance of fast processors will forever change the photo, and the blockchain has a chance to change industries that now seem not at all unrelated.
There are investments, but there is trading. In investments, rate fluctuations at the level of a day or a week are not so significant: you buy “for a long time” - here, probably, the best tactic will be to follow the market as a whole, to search and choose promising crypto-projects and how to diversify a portfolio. Promising, not in terms of hype, but in terms of your faith in the product; Imagine you are working in Y Combinator and choosing a project - who are you investing in? You can directly read the requirements of YC and other well-known foundations and accelerators in order to understand the criteria by which they select projects. Perhaps it would be better to pay attention to cryptoassets within your own non-financial background: if you are a programmer, look at the blockchains for programmers, and if you are advertising for tokens for, I don't know, targeting (there are already tokens for anything).
If we are talking about trading, then it is much more difficult, we will need technical analysis, our own trading strategies, and a lot, a lot of time every day. The cryptorinkas react to the news the same way as the traditional ones: for example, there were falling markets caused by bans on Twitter and Google crypto-advertising.
I think that the market will continue to shake, this is normal and not even scary: if - when - the bubble bursts, the strongest remain, and then we will see the blooming bloke’s real bloom - real working services that are useful to the mass user (sorry for tautology) and not speculators. And many are already moving in this direction, although there is a feeling of a gold rush. Often, the dot-com bubble is remembered when everything is very similar, and this is also normal.
I sincerely believe that in no case it is impossible to regret that I did not invest in one or another cryptocurrency before, or to dream of an easy tenfold profit. As the best Stoic Marcus Aurelius wrote in the world, "do what you must, and come what may." As for the use of cryptocurrency, then with this as with a digital photo: I do not think that it can be truly predicted. However, I believe that the predictive analytics that I am working on will reach a new level: one day we will recall the era of uncertainty in which we live now, as the era before the advent of electricity is now perceived. People, of course, somehow lived, but only the last Luddite will think that they lived better.
PHOTO: breakingthewalls - stock.adobe.com, yurchello108 - stock.adobe.com