Future of Bitcoin & Cryptocurrency Basics ft. Nischal Shetty | Taking Risk as an Entrepreneur
In this episode, I’d a great conversation with Nischal Shetty. He’s the Founder of @WazirX: Bitcoin & Cryptocurrency Exchange in India.
In this episode we discussed the following topics:-
01:02 How to Earn from Bitcoin and other Crypto Currencies?
03:10 What is bitcoin in simple words?
05:34 What is the actual advantage (use case) of Bitcoin as compared to other payment options?
08:11 Is there any separate use case of other Crypto Currencies?
10:48 What is blockchain?
13:51 When did you first invest in Bitcoin? Is it too late now to invest in Crypto?
16:54 How much percent one should invest in Crypto according to you?
19:50 Recommendation to initial investors to avoid any mistake while investing?
25:10 Arnab’s experience in 2017 while investing in altcoins
28:24 Is crypto legal in India and is there a chance of ban again in India?
31:05 Why there is so much fluctuation in Bitcoins?
33:39 Do you think cryptocurrency is just hype as said by other investors?
36:56 Entrepreneurship journey and how did you decide to enter this field?
39:55 How did you take the risk of starting a crypto startup? (fear of ban)
43:14 When the supreme court did allow crypto what was your lowest moment and how did you motivate yourself and moved forward?
45:13 What was your thinking about accepting the acquisition offer?
47:30 Tips to our young entrepreneurs and how to build a successful startup?
49:59 Viewers Questions
50:07 Q1: What is the future of blockchain startups in India? Is there any incubation facility for blockchain startups?
52:03 Q2: Do you have any plan to invest in blockchain startups in the future?
53:15 Q3: How is your company planning to stay operational in long term and expanding as people hesitate to take risks in investing in crypto?
55:06 Q4: In India, the best scenario related to the blockchain is the trading of cryptocurrency, we don’t focus on mining crypto, so it is already saturated or we can work in this field?
56:06 Q5: Can mining be explored in other fields also other than just cryptocurrency?
57:21 Q6: How can beginners build confidence that the money is not at risk in crypto?
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