BLOCKCHAIN EXPERT SHARES HIS OPTIMISM AMID ONGOING ‘CRYPTO WINTER’

BLOCKCHAIN EXPERT SHARES HIS OPTIMISM AMID ONGOING ‘CRYPTO WINTER’

Anndy Lian is a blockchain executive and author who gave his insights this week regarding the current ‘crypto winter’ marked by the downturn in the virtual asset market.

This Singapore-based chairman of cryptocurrency trading platform BigONE Exchange expressed his upbeat stance despite the market drawdown investors worldwide feel across the board.

We want to share this report with our readers about Mr. Anndy Lian’s hopeful viewpoints despite the present ‘crypto winter.’ We believe we can mitigate their worries, especially if they are adversely affected investors.

Crypto winter is a period when virtual currencies’ trading prices sharply drop, and investors do not see any recovery in sight for more than one year. This time spurs paranoia that the notoriously volatile cryptocurrency industry is about to undergo another prolonged slump.

Additionally, crypto winter indicates a steep decline in virtual coin prices followed by a prolonged flat trading period. The most recent crypto winter took place around 2018.

During that period, Bitcoin rallied to approximately US$20,000 prior to an estimated two-year slide that witnessed it plummet to under US$5,000.

Lian, who wrote the best-selling reference, “Blockchain Revolution 2030,” published by South Korea’s largest bookstore chain, Kyobo, remarked that the Terra crash had doubled down on investors’ fear that the sharp meltdown in the virtual currency market could be longer-lasting and not transitory, much like the US inflation’s steep surge.

This virtual asset collapse drew in confident crypto-asset newcomers, making it quite astonishing. Lian added that the new investors felt enticed partly due to the high level of well-known venture capitalists pouring their investment funds into the cryptocurrency startup and its stablecoin offering.

The Mongolian Productivity Organization’s chief digital advisor mentioned that cryptocurrency commentators were already noting the first signals of crypto winter. These signs are led by Bitcoin’s fall from grace this year.

The flagship cryptocurrency, which trades at exactly US$29,273.97 at the time of writing per the information posted on Coinmarketcap.com, is down from its spectacular US$69,000-high in November 2021 to US$33,000 in January this year.

In Lian’s article posted on blockchain and cryptocurrency news source Forkast News, he remarked that the final nails in the coffin consist of the recession risk following the tapering off of trillions of US dollars injected into the United States’ economy and the US Federal Reserve System getting serious about raising interest rates.

He added the record-busting inflation rates in the world’s largest economy complement the implosion of UST and Terra’s LUNA in dragging down the already ailing crypto-asset market.

Nonetheless, Lian cited that he believes the cryptocurrency and blockchain space would likely become stronger from the present market downturn. He also said that these industries would eventually be more innovative and integrated with mainstream retail and financial ecosystems.

Lian mentioned investing’s fundamental tenets as well. He cited that retail investors should only invest what they can afford to lose, get involved in the cryptocurrency investment scene with a lucid plan, and be careful with crypto-assets’ inherent volatility.

He also said that investors should not invest too much as a component of their overall investment portfolios. We appreciate Mr. Lian’s views about the crypto winter.

We understand that many virtual currency investors feel perturbed these days. However, we hope they will take Mr. Lian’s perspectives and advice.

We are on the same page as this blockchain professional. We also believe the current crypto winter will not last, and better things are ahead for cryptocurrency investors.

 

Original Source: https://cryptofrontline.com/blockchain-expert-shares-his-optimism-amid-ongoing-crypto-winter/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Anndy Lian, Intergovernmental Blockchain Expert talks about “Crypto Investments” with Former CNBC Reporter

Cryptocurrencies are here to stay. These digital assets are going to be a permanent feature of banks and asset managers’ investment portfolios in time to come. Newer terms such as DeFI (Decentralised Finance) is also changing the investment landscape by relying on a central authority to distribute the loans, etc. Blockchain technology has provided the technical workings for cryptocurrencies. While it looks promising there is also the risk of trading cryptocurrencies. It is volatile and susceptible to technical glitches, human error or hacking.

Anndy Lian, an inter-governmental blockchain advisor and entrepreneur will explain what is cryptocurrencies and insights into this new market. This show is hosted by Rajeev Aggarwal, a former stock market reports at CNBC.

“Understand crypto before putting your money in. You need to study their business model, revenue streams, team members and the underlying technology. If you believe in what the project is doing and you understand the risk, then you go for it. Always exercise with caution.” Anndy Lian commented.

Anndy Lian also commented that community support is another important factor for a cryptocurrency to work. Anndy mentioned this offline to Blockcast.cc reporter that meme coins are really popular, projects like DOGECOIN and SHIBA INU are gaining good traction. PANCAKE and SAFEMOON for instance are trending consistently for a long while. He emphasised that spotting the trends is one important factor in investing.

“Invest in multiple baskets. Do not put all your eggs in one basket” is the message Anndy is trying to convey. The importance of diversification is more glaring when it comes to crypto investment. By spreading out your options between “Top 5 coins”, “Active Trading Coins” and “Rising Stars” for example, you can decrease your financial risk.

00:00:00 Introduction
00:01:03 Bitcoin as an investment
00:03:09 Valuing Bitcoin
00:07:51 Price target for bitcoin
00:09:20 Bitcoin vs Ethereum
00:12:37 Ethereum utility
00:14:55 Doge Intro
00:17:28 Doge as an investment
00:19:58 Which coin to consider
00:23:41 NFT Intro
00:24:45 NFT as an investment
00:28:42 Million dollar Crypto portfolio

About Anndy Lian:
Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international and public listed companies. He is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector.

Currently, he is appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.

He is the Chairman (Singapore) for Korea eSports Industry Association (KeIA) where he is actively promoting eSports to go mainstream and adopt cryptocurrencies.

He also played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

For more updates, visit www.anndy.com

 

 

 

Disclaimer: The information is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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