The Bitcoin Bear Market Newspapers are a series of interviews highlighting various important voices and perspectives of the Bitcoin ecosystem. Each interviewee was carefully selected and asked the same group of questions. The main objective was to provide the world with a collection of comments and opinions on the current state of the market for bitcoin and crypto. Some of the names you recognize while others do not wish to star but have great insight and experience from which we can all learn.
These interviews are crude and unfiltered, with no purpose other than to give each individual the opportunity to make his point of view heard. If you like what you see, share it with your friends. If something shocks you, you should probably go out and find another piece of cloth that gives you hot fuzzs.
First name: Hodlonaut
How do people know you?
As @hodlonaut on Twitter.
How long have you been in Bitcoin?
Best Bitcoin experience?
The UASF and No2x wins of 2017. Oh … and how the #LNTrustChain exploded!
Worst Bitcoin experience?
Have a lot of money on BitFinex when he was hacked.
What do you think is the biggest threat of Bitcoin?
Social attacks that divide the community. I think the current trend in favor of a reduction in block size, despite very little clarity or discussion, is extremely flawed.
What do you think about different Bitcoin forks?
They are all shit, just different flavors.
How are you optimistic in this space?
Almost everything on Bitcoin. But above all, there are so many brilliant people here who build and educate every day.
Bigger regret at the last bull market?
Of course, I did not sell the top to increase my stack, but it's not really a regret. I think it's too hard to sell, even in the lead. 🙂
What did you learn during the current bear market?
Bear markets are healthy. It has never been easier for me to see how many remarkable people in Bitcoin, be they social issues or infrastructure, have been built.
What's the biggest failure you've seen during the bear market?
Probably Kevin Pham jumping in the BSV clown car.
What do you think helped to trigger the current bear market?
We went too high on euphoria. In addition, the massive sale of Bitmain and bcash boyz to support bcash was a factor.
What type of damage do you think the last price cut affected buyers' sentiment?
Not much. As soon as the dynamics resume, the flock returns. They just need to learn from their local msm store that Bitcoin is back.
What do you think about the current state and future of the Lightning Network?
Extremely bullish. I have not been so excited about Bitcoin since my honeymoon after discovering it.
What are your thoughts on HODLing Bitcoin?
Only rational approach for me. I feel obliged to put as much skin as possible in the game when I discover something I believe in, which can bring about significant change. And I believe more in Bitcoin than anything else except my daughter 🙂
What are your thoughts on alt-corners?
I am not as black and white as some others. I think some might have a future. I have some bags, deep in the red of course. But I consider most altcoins to be pretty close to direct scams.
Do you hold on? If not why?
Yes. Mainly to increase my stack of bitcoins.
What kind of impact do you think the radical fall of the alt coins will have on their future?
I think that stupidity and greed are not lacking. I also think that the next bull will be bigger than the last one and that it will cause a lot of euphoria.
Thoughts on the notion of bitcoinization?
I think that will happen. I think it's inevitable.
What Bitcoin startups are you interested in?
CasaHodl, Samourai, Lightning Labs … a lot. Also extremely impressed by all that Blockstream is doing, but I'm not sure if they are called startups 🙂
In your opinion, which "cryptographic influencers" are wrong and why?
JW Weatherman, Richard HeartWin, Chris Derose … I think their ego had the best of them.
What "crypto influencers" do you think are doing things well and why?
I think there are a lot of them. Pierre Rochard is one that I respect a lot. He builds things, is honest and rational, has time for noobs, discusses his arguments well.
What will it take for this bear market to recover?
I think we are simply lacking spark to ignite the barrel of powder. Institutions that have moved, Elon who has made an announcement, some hardened oligarchs who engage strongly … if none of this happens, time will do it for us. I think we will see the bull market start in 2019.
How are you optimistic about Bitcoin despite this recent downturn?
Do you have any tips for new Bitcoin users?
Just buy and hodl bitcoin. Do not follow anyone blindly. Be critical, think for yourself and participate in discussions!
Best tips to store Bitcoin?
Get a material wallet and store your seeds safely. I use Trezor.
Name some of your favorite sources of information and / or podcasts in the space.
I mainly use Twitter. Amazed by the number of good accounts available, most of them very under – tracked. I think Stephan Livera, Tales from the Crypt, Bitcoin And. . . and Fun With Crypto are examples of excellent podcasts!
A last word of wisdom?
Be honest with yourself and the people around you. Eat tacos.
Stay tuned for the next Bitcoin Newspaper on the bear market. I have some great interviews in the queue and I will be releasing new volumes regularly. Special thanks to Hodlonaut.