Money isn't yours if you don't control it

With Pankaj K, Designer @ Bitcoin.com

1. Pankaj's origin story in Crypto
   • 2013: Introduced to crypto by a friend but was skeptical
   • 2016: Demonetization of 500, 1000 Rupee notes by the Indian Government caused a bank run. People struggled to get access to their money, some lost their lives. Money isn't yours if you don't control it.
   • 2017: Started learning about crypto seriously. Challenging to buy due to weak crypto infrastructure in India.
   • Bought first crypto in Covid's market crash
   • Regret: Not getting into crypto earlier
2. Hopes and dreams for Crypto:
   • Mass adoption of crypto in business and daily life
   • Use of smart contracts in business and government processes for transparency
3. Tips for new users in crypto:
   • cut through the noise, don't get lost in the hype
     • everyone is selling something: influencers on twitter, reddit, youtube
     • follow the right people: are you following for laughs or for insights?
     • do your own research: develop your own opinions on where the market will go
   • have an exit strategy
     • don't just buy and hold the token
     • be aware of cycles (ups and downs) of tokens and markets
     • know when to take profit, don't be greedy
     • be disciplined when investing
   • keep a stablecoin cash reserve ready
     • to deploy quickly when you see a buying opportunity in the market
     • this avoids having to on-ramp fiat into crypto, which may take time
     • swap out crypto positions to stablecoins to take profit

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