TORI: Hello guys
Welcome to another episode on PUKKA DIARIES where unpopular opinions are made popular.
It’s been quite a while here and I thought wouldn’t it be exciting to talk about crypto currency today?😾😼 Anyway, I have here with me the crypto lord and we will be talking about cryptocurrency and what’s happening in the crypto world especially concerning the huge drop in the valuation of the currencies.
Without taking anymore of our time, I present to you, The Crypto Lord – Mr Bryan.
Mr. Bryan, Please introduce yourself.
BRYAN: My name is Bryan, actually my full name is Uzoatu Ifeanyi Bryan but it’s easier to just call me Bryan 🤗
I’m the CEO of ILearnBlock, a Blockchain and Cryptocurrency educational platform where we teach and educate people about everything blockchain, cryptocurrency and Bitcoin.
We also have a YouTube channel with free contents, which you can always check out.
TORI: Before we proceed into today’s discussion I really want to commend you on what you do on your YouTube page. When I commenced cryptocurrency investment, your YouTube videos were one of the so many crypto vlogs I watched. I must confess it’s quite enlightening and well simplified… I bet that a dummy will become a crypto genius just by watching your videos with rapt attention. There is a quote that states “wise men learn from other’s mistakes and a fool learns from his mistakes”. Don’t wait to make mistakes before you learn!
Talking about crypto dummies, How do you explain cryptocurrency to a layman?
wise men learn from other’s mistakes and a fool learns from his mistakes
Unknown
BRYAN: Cryptocurrency in very simple words I’d say is a digital currency. Money as a means of exchange and a unit of account has constantly changed over centuries. We’ve had Trade by barter, Commodity money, Gold and silver as money and today we use fiat currency, but even with all of these evolutions money and currency still have so many flaws, and this is the why we have “Cryptocurrency”.
Cryptocurrency is the next phase of the evolution of money. It is a medium of exchange that is digital and decentralized, meaning that unlike other fiat currencies that are controlled by the government and other bodies, Cryptocurrency does not have any central control.
TORI: So basically, Cryptocurrency is MONEY that has no central control. If that’s the case, why should the saying of one of the richest men on Forbes list lead to a huge drop in the valuation of cryptocurrencies?
BRYAN: Well, the major thing I would say that has been going on in the crypto space is gradual adoption.
Yes, there’s been some unfavourable price action, BTC going all the way down to $30k and several other alt coins dumping as well, but you see it’s normal. Every healthy market uptrend needs a corresponding market correction for price stability.
Elon Musk and his company Tesla adopting Bitcoin as a payment system for Tesla acquisition really helped in pushing the price upward, then later when they announced that they would no longer be accepting Bitcoin as a means of payment led to a significant price dump because of the news, but still several companies, brands and even countries are still welcoming and accepting cryptocurrencies.
The recent news of El Salvador adopting birthday coin as a legal tender, and making it one of the acceptable currencies in the country really goes to show that adoption is gradually ongoing. Many won’t notice now, but in a couple of years they’ll see how instrumental these gradual adoptions are for Bitcoin, and for cryptocurrencies as a whole.
TORI: This is insightful, thank you.
In one of your YouTube videos you said it is important for everyone to put their money in cryptocurrencies. Why do you think that’s important?
BRYAN: Simple, freedom!
The world needs cryptocurrency because, cryptocurrencies give freedom.
A famous quote from James A. Garfield “He who controls the money supply of a nation controls the nation.”
Every country and every nation seeks one major thing, and that’s ‘control’. Control over the people, over the economy, over the rights of individuals. Some might think that they seek this control in order to better the nation and improve the lives of people, but that is not often the case.
Everyone should get involved in cryptocurrency because, it gives total freedom and independence, especially over your finances and your money as an individual. By using crypto, you eliminate centralized financial control.
He who controls the money supply of a nation controls the nation.
James A. Garfield
TORI: Hmmm… quite convincing. Let’s say we have a reader who is willing to be a part of the crypto world… what will you say to them? I’ll rephrase- What should a crypto novice know about cryptocurrency?
BRYAN: Well cryptocurrency, according to Wikipedia, is a digital asset designed to work as a medium of exchange, wherein individual coin ownership records are stored in a digital ledger or computerized database using strong cryptography to secure transaction record entries, to control the creation of additional digital coin records, and to verify the transfer of coin ownership.
And in fact, as we speak, there are over 9,000 tradable coins.
For a newbies just getting into the space I’d say this, cryptocurrency is inevitably the future of money and the earlier you learn about it, the earlier you can take advantage of it.
TORI: What application will you suggest to people who are ready to kickstart their cryptocurrency journey?
BRYAN: For those looking to invest in this market some applications I’d recommend are:
a) Binance – this is a trading platform for trading several cryptocurrencies
b) CoinMarketCap – this is where you can get information about cryptocurrencies. Information about their price, where it’s trading, their website, the price performance of that crypto over a certain period In time and several other information as well. It’ll be very instrumental in your learning process.
c)Coingecko – the same as CoinMarketCap but with slightly more features.
d)Trust wallet – here you can store and hold several cryptocurrencies for long term investing. You can also trade on Decentralized exchangers using trust wallet.
Some Nigerian platforms also exist that help make the buying, selling, and storing of crypto easier. The likes of- Bundle, Roqqu, Buycoins and more…
TORI: Let’s get personal with this…How has cryptocurrency been helpful to you as a person?
BRYAN: I’ll say that the biggest thing crypto has helped me achieve is in teaching and training people on how to become financially independent.
Yes, there’s the part where Crypto has helped me make my first 1 million, and then 10 million, and much more, but for me the most significant thing to me about this space is that several people, especially young people, have been able to gain financial independence through cryptocurrencies.
It’s like a saving grace in a failed economy. Youths these days graduate, leave school and there’s nothing for them to do. No jobs, no careers path to follow… nothing! Crypto can be used to make money, start businesses, careers and make ones life meaningful.
So, I’d say that Crypto has helped me to assist other people significantly and this is why I do what I do
TORI: Bryan, I must say… I appreciate you a lot, but before we roundup this discussion, is there anything you’ll love to add?
BRYAN: Well I think the only thing I’d like to say about cryptocurrency from here is that it’s still a very new and evolving field.
Yes, the market doesn’t always go up
Yes, you can invest and make some losses
Yes, you can make insane profits from investing in cryptocurrencies
But the major take away should be that you seek first to gain knowledge. With knowledge you have leverage, enough leverage will make you enough money.
And there are several career paths in this space not just trading or investing. There are Moderator jobs, Blockchain developer jobs, content writers and creators, graphic designers even have opportunities in this space. see, this space is very dynamic.
The best thing you can do for yourself is to start early, learn, build and improve.
The best time to have learnt about Cryptocurrency was in 2009 when Bitcoin first came out, the second best time is now. So why wait?
…and if you’ve been waiting for a sign, well, this is the sign. Start now 🙂
TORI: Well… #sighs
That was deep.
Wait! What’re you waiting for? Go get started, it’s a long way ahead and with that, we’ve come to the end of this amazing crypto learning chat.
See you soon😚😘😙
