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RE: WHERE DO YOU SEE CRYPTO in few years from now .... join this challenge and earn solid upvote (up to 100k SP)

in Project HOPE4 years ago

QUESTION A)
What is the best way to spend your first crypto?

Being in the US, I believe the most important thing before selling crypto for starters is to wait until the crypto is over a year old to avoid short term capital gains. I have one coin that I spend from to keep my cost basis simple. Although there are times when the price is low that I don't want to spend and just hold or accumulate but due to a cash flow bind I've spent through debit cards and have transferred to a bank account through coinbase. At one point it was a bit of a crap shoot on how many days it would take to get into your account, but my last transaction from coinbase went directly to paypal which made it instantly available.

QUESTION B)
Who are the crypto industry leaders in your view and why?

For education, Andreas Antonopoulos is in my view the easiest person to follow. He covers btc at a wide span of levels and shares it in detail without loosing the listener with too much technical information.

For regulation in the US, Caitlin Long has been highly influential in making North Dakota the crypto hub of the US. Brian Brooks is making great strides in bringing the US up to date with crypto regulation.

For innovation obviously Dan Larimer is right up there with a vision and ability to execute that vision. There are many great minds in crypto, Sergey Ivancheglo, Vitalik Buterin, the team at NEM, the innovators at NEXO it's such a long list it would take an entire chapter to give all of the credit to all that it is due.

QUESTION C)
How is the crypto world going to look like in 5 years and what are the most important initiatives today that will take us there?

It appears to me via the acceptance and involvement curve things are accelerating rapidly. With the advent of legendary investors starting with Paul Tudor Jones, it seems I'm reading about large money managers jumping on board daily. At the same time corporate CEO's starting with Michael Saylor of Micro Strategy are adding BTC to the companies assets. This coinciding with the regulation leaders I mentioned earlier that are making great strides and to top it off countries are now in a hashrate war and are using btc to avoid us bully tactic sanctions.

It might not be fully realized in 5 years but I believe there's a strong chance that crypto will dominate the financial sector of the world. With fiat loosing its steem and talks of a reset btc may be the greatest asset any player in the world may be able to use to signify their wealth and financial influence.

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 4 years ago 

Late thank you for such an amazing feedback @bitshares101

I absolutely appreciate your time. Comment upvoted already.

ps. hope to see you posting within Project.hope from time to time :)
Yours, Piotr

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