UK Investing.com- People Hesitant To Buy Crypto Due to Lack of Knowledge: Study

UK Investing.com- People Hesitant To Buy Crypto Due to Lack of Knowledge: Study

With over 100 million people globally using cryptocurrencies in 2021, the digital dollar has become a widely accepted way of saving and spending.

A new study, however, points out that the majority of those who have not invested in cryptos are either due to a lack of knowledge, massive fluctuations, or a perception that the digital currencies are a scam.

A study conducted by Coupon Follow also found out that Gen Z says further government regulations and crypto law enforcement is most likely to convince them to buy crypto and one in five people who have never bought crypto have downloaded a crypto exchange app at some point.

Coupon Follow surveyed 1,172 respondents over the age of 18 via SurveyMonkey and respondents were limited to those in the United States who had not yet bought or invested in cryptocurrency.

Gen Z, millennials, Gen X, and baby boomers were all included in the survey, with sample sizes ranging from 172 to 333 for each generation.

Hesitation due to lack of understanding When respondents were asked about their aversion toward purchasing cryptocurrency, 42% said it was because they didn’t understand its value. Meanwhile, 39% were put off by the massive fluctuations in value that have plagued certain cryptocurrencies.

The third most common reason for hesitation was a concern that cryptos as a whole seemed like a scam. This sentiment was most common among baby boomers, 44% of whom selected it as their primary cause for pause.

Surprisingly, 18% of crypto skeptics have downloaded crypto exchange apps onto their phones but never ended up investing in any coins. The biggest reason for this sort of course reversal was a lack of knowledge about how to use the app or the currencies.

Interest Piqued? Crypto investment interest seems to have taken a hit in 2022, with 61% of respondents saying they’re not at all likely to buy in this year. Only 6% of respondents who didn’t currently own crypto said they would be very or extremely likely to do so in the near future.

Looking forward to learning The study results point out that interest in learning more about cryptocurrency is not dead. 6 out of 10 people were at least somewhat willing to learn more about cryptocurrency, even if they weren’t ready to spend money on it.

Experts say educating the masses is the need of the hour and relying on hear-say or sole dependence on the media is not good enough.

Anndy Lian, Thought Leader and Chief Digital Advisor to Mongolian Productivity Organization says people should look at reading online expert opinion articles and blogs where real users share their experiences.”

“This would help them think wider and allow them to make sound decisions on what to do next. Be the changemaker, don’t be the problem. Crypto changes minds and empowers you to think beyond what you have learned in the textbook,” Lian says.

Raj Kapoor, chief Advisor at Acryptoverse, a crypto blockchain and advisory firm, says for years crypto has seemed like the fleeting tech trend most people could safely ignore, however, its power – both economic and cultural – has become too big to overlook.

“The elephant is in the room. Can we kick it out? I don’t think so, so let us learn to dance with the elephant now,” he adds.

 

Original Source: https://uk.investing.com/news/cryptocurrency-news/people-hesitant-to-buy-crypto-due-to-lack-of-knowledge-study-2651819

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 Meets Crypto Curry Club: Trading, Investing And The Lessons Learned Along The Way

Anndy Lian Meets Crypto Curry Club: Trading, Investing And The Lessons Learned Along The Way

Erica Stanford, Founder of Crypto Curry Club meets Anndy Lian, book author and intergovernmental blockchain expert. They talked about trading, investing and other lessons learnt when dealing with crypto.

It’s hard to miss news of the meteoric rise in prices for several coins but crypto’s nature consists of a lot of plunges along the way due to its volatility and unpredictability and one of the biggest challenges for investors when it comes to crypto is to not get caught up in the hype. This is especially so for now that we live in an era where a tweet can easily dictate its rise and fall.

If you’re tempted to invest or are looking to have a little exposure to crypto in your portfolio, Anndy Lian, Chairman of BigONE Exchange lets you in on what to consider before taking the leap.

Give us an overview of all the different ways for people and institutions to get involved in crypto. What are some of the different ways that are being offered on the BigONE Exchange?
[00:01:59] Anndy Lian

Do you see any new trends in terms of what type of people or users are being drawn to these products and strategies?
[00:05:17] Anndy Lian

What methods would you say you see to mitigate with as less risk as possible if somebody is new to crypto and sort of cautious to get in?
[00:08:39] Anndy Lian

How do you see institutional investment in crypto going?
[00:13:21] Anndy Lian

What else do you see needs to come in for crypto to be fully ideal for new investors, but also for institutional money aside from the regulation and ease of use?
[00:19:26] Anndy Lian

Anndy Lian is an all-rounded business strategist in Asia. He has provided advisory across a variety of industries for local, international, public listed companies and governments. He is an early blockchain adopter and experienced serial entrepreneur, book author, investor, board member and keynote speaker.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. He is also the Chairman, Asia for BigONE Exchange. BigONE is a global cryptocurrency exchange that provides a platform for trading various cryptocurrencies. It was founded in 2017 and registered in the Netherlands. The group operates in Russia, Brazil, Vietnam, Seychelles, Singapore, Japan, and Indonesia, providing marketing, investment, and blockchain technology research & development.

At Crypto Curry Club, we create opportunities to build meaningful relationships, and exchange value through shared experiences on a range of topics from Blockchain, Digital Assets, Crypto to Tech for Sustainability. The club connects like-minded individuals to come together and affect real change that innovates our future while driving businesses forward.

More information about Crypro Curry Club can be found at https://www.cryptocurryclub.com/. You can visit Anndy at his personal page at https://anndy.com. BigONE Exchange’s information can be found at https://big.one.

 

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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Investing In Memecoins: Essential Tips On How To Find The Next 1000×

Investing In Memecoins: Essential Tips On How To Find The Next 1000×

Investing in meme coins comes with its ups and downs, even for the most seasoned investors. However, one can minimize the risks and maximize the rewards by seeking out and applying the right information. There are thousands of meme coins to select from, and most of them are scams. Therefore, you will need to be at your best in order to stand a chance in this market.

The truth is that there are diamonds among stones; you just have to know where and how to look. These special meme coins have the potential to produce 1000× for investors who caught it early. This article shall explore the risks involved in investing in meme coins, the huge potential, and some promising coins to consider.

For every investment, you have to evaluate the risks and rewards involved in that investment. Therefore, there are basically two factors to consider:

Low-Risk Investment

About 90% of new meme coins are scams, so learning how to avoid the rugpulls will help boost your expected returns.

High Potential/Reward

Having a strong and dedicated team with a long-term vision for the project rather than have a copy-paste project.

How To Avoid Rugpulls And Minimize Risk

With my experience in the crypto space and having analyzed several crypto projects, I can point out the signs of a crypto rugpull. This analysis majorly applies to tokens that are listed/launched on decentralized exchanges like Uniswap and PancakeSwap.

The initial token distribution
One of the early signs of a crypto rugpull is when the dev team allocates a big chunk of the tokens to themselves. Alternatively, they can give up 50% of the token to a crypto celebrity. This is a red flag because they can dump their huge allocation since they didn’t buy like the rest of the investors. A good crypto token has virtually all the tokens put onto a DEX for purchase by any interested party.

Who owns the liquidity pool?
An early rugpull gimmick is when developers of a token put it in a decentralized exchange and ensure they own the entire liquidity pool. This gives them the power to remove the entire liquidity pool anytime they wish, with all BNB and ETH tokens inside it. Always check for the top liquidity providers for new projects. For security purposes, most of the liquidity pool should be held by the burn address.

High transaction fees
When you find out that there are high transaction fees for the transfer of tokens and that these fees are not transparent, it is a sign you need to back out. Always conduct quality research to know and understand the fees beforehand. A high transaction fee is also another tactic to discourage people from selling the tokens.

Maximizing Meme Coin Investment

Remember that we have two goals while investing in meme coins; to reduce risk and maximize returns. Here are the tips on how you can identify the next 1000× meme coin out there:

Does the project have a long-term focus?
Before investing in any meme coin, take out time to explore the token’s community to know what the developers focus on. Do they have a long-term agenda of building a strong community and long-term growth? Are they more interested in trying to pump the price and pressure people into buying? The former is a good thing, while the latter is a red flag. It would help if you also found out whether there is a whitepaper for the project highlighting its real vision and mission.

What is the reputation and track record of the dev team?
Is the team behind the project trustworthy, or are they just filled with empty promises? When they say they are going to get something done, do they follow through to get it done? Are they only making promises just to pump the price? When you find the answers to these questions, they will help you know the future potential of the token. When the development team is not trustworthy, then they have no intention of building for the long term.

Does the token have real meme potential?
In today’s reality, cute tokens easily win market share since most people love to buy adorable and beautiful tokens. A good example of people’s love for the adorable meme is how the Doge community has grown over the last few months.

Promising Meme Coins To Invest In

Following the above analysis, here are a few promising meme coins that investors should consider.

MiniDoge
MiniDoge is the first auto-boost and hyper-deflationary meme coin in the crypto market.

CorgiCoin
CorgiCoin is the Binance Smart Chain (BSC), and it is completely community-owned.

BabyDoge
BabyDoge is a deflationary token created by the fans of the DogeCoin community as an upgrade of Dogecoin itself.

CateCoin
CateCoin is a payment meme coin used to pay meme creators for creating memes on meme platforms.

1000X is just a dream to many, it has a lot of risks that come with it. You need to study the project properly from its team members to their tokenomics. You have to ask them where are their revenue streams too. Lastly, look carefully where they are listed. Some exchanges are safer, more reputable than others. Always do your own research.” Anndy Lian, Chairman for BigONE Asia and Chief Digital Advisor for Mongolian Productivity Organisation commented.

Disclaimer: The information contained on this article is provided for educational purposes, and does not constitute investment advice.

Source: https://www.benzinga.com/markets/cryptocurrency/21/08/22326671/investing-in-memecoins-essential-tips-on-how-to-find-the-next-1000

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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