Crypto Twitter has always played a vital role in the entire cryptocurrency community. Things that started on blogs no one knew about have spread like a wildfire all across the internet. Cryptocurrency is everywhere but it’s still some complex alien code for the majority of the people out there. Mass adoption is yet to come. But cryptocurrencies are in existence for a long time now, but very few people knew about it. It was not until the late 2013s when the price of one Bitcoin jumped from 100$ to 1000$ within a time of six months that people started noticing cryptocurrencies.
Before crypto was in the spotlight and the blockchain was unknown, there were a bunch of people who were into this quickly emerging new technology. These people have observed this community ever since it’s conception. They have ample experience and deep insight into the technology as a whole. One of them who’s fairly a newcomer is “Tulips de’ Medici”. He’s one of the best out there with a huge following on Twitter. Twitter played a major role here in connecting individuals with similar mindsets about the beautiful world of cryptocurrencies and the blockchain.
Cryptocurrencies namely “Bitcoin” surfaced a year back after it shook the internet with its humongous price surge. So we at BlockchainReporter decided he would be the right person to go talk to about his take on cryptocurrencies.
BR: So how long have you been involved with cryptocurrencies?
TDM: I have been involved in cryptocurrencies for over four years. Started in 2014.
BR: How did you get involved with cryptocurrencies?
TDM: I got interested in bitcoin from the price appreciation it had in 2013. I wanted to know why this asset had risen so much and if it would happen again. Read about bitcoin and immediately knew this wasn’t a one-time thing. Then found out about other cryptocurrencies and was hooked since. I was always interested in investing and cryptocurrencies were the asset class I was looking for.
BR: Who’s your biggest inspiration in this space?
TDM: Everybody that has been through the highs and lows of crypto. There is a lot of determination and perseverance needed to stay in this industry. Seeing the flows of success and failure in people inspires me to continue what I’m doing.
BR: What’s your take on a centralized crypto market?
TDM: It’s necessary to have a centralized market. The mass market needs centralize bodies that manage the risks of handling cryptocurrencies. Custodial services within exchanges will keep centralized markets alive.
Decentralized services will continue to grow but will be reserved primarily for the market of individuals that understand crypto well. The mass market will stick to centralized entities. The movement towards decentralized services in the mass market will take longer.
Centralization in the cryptocurrency market is alive and well. We see this will bitcoin’s centralization and dominance over the crypto market. This dominance has allowed crypto to grow significantly faster. Many love to talk about the decentralization meme but fail to realize how essential centralization has been to take the crypto market to where it is now.
BR: What should one keep in mind before he gets into a new trade?
TDM: Understand the asset you are trading. Research and fundamental analysis is necessary in giving you an advantage over the market.
Be patient and allow the opportunities to present themselves. Don’t try to chase opportunities that aren’t worth it. Be a sniper. Wait for the perfect kill. Do not ignore yourself. Mental and physical health is of the utmost importance. Invest in yourself. Disregard it at your own peril.
BR: Do you think blockchain technology will become something mainstream?
TDM: Blockchain technology will make interactions between and within entities more efficient. This efficiency will increase productivity. The demand for cryptocurrencies will bring money and interest to blockchain technology. Companies will do what they can to integrate it into their system.
BR: Any trading tips for our readers?
TDM: Know what you are getting into. Your money is on the line. Don’t get into a trade if you don’t know what’s happening. Better to stay out and be patient.