Hello reddit! My name is LinkToU, and i’ve been commissioned by u/justgord
to share some of my freelancing experience, living in Venezuela. It might not be much, but hopefully it'll help some people get started.
I’ve seen countless numbers of posts here in this subreddit, asking for advice on how to get started, and what are the best ways to receive money, so those are topics i’ll be touching upon in this guide.
As the title says, this is a guide that requires NO programming skills, this is meant to be a guide towards beginners, and people that are having a rough time, like i was, two and a half years ago, before getting into this. First of all, i recommend reading this guide through google docs, because i'm not too familiar with reddit's formatting, and i think this version just looks better: https://docs.google.com/document/d/1DotVUAtEAUXfgTAhDZtmylTzA4nImhoAGZCI-8XdKtM/edit?usp=sharing Spanish version: https://docs.google.com/document/d/13DNEyyF7F-fXjpA1AplGqQjVh0H_LWd0cCjoKdZzQm4/edit?usp=sharing VERSIÓN EN ESPAÑOL DE LA GUÍA A MITAD DEL POST
Now, without further ado, let’s dive right into this. What type of work can you expect to find?
There are actually a few types of jobs that you can easily find without any specific skill, for example, translations, lead generation, data entry, transcriptions, writing articles, and even being a virtual assistant. This list could go on and on, but i’ll just give you a couple websites where you can find these types of work, and you can go figure out what’s best for you. Where to find work?
Most of the freelance work i've done it's been through two major websites, so i'll talk a little bit about them and about my experience with each. Spare5
) is the crowdworking website that got me into this, . This is basically a crowdworking website where you’ll be reviewing different images, annotating and drawing different polygons to help train AI to identify everyday objects.
Getting started in this page is the hardest part, but i’d say it’s just as hard as it was back in 2017 when i started.
You’ll first have to complete every tutorial, then move on to the qualifiers and onto paid tasks (be sure that you understand every task before diving into them, because if you don’t perform well on your paid tasks, they’ll be taken away from you, and you might even get permanently banned).
The minimum payment is $1, and the payment method that they use is PayPal, you don’t need to have a verified Paypal account, and you WILL NOT get your account limited by just receiving money from this page.
Like i said, the hardest part of this page is to get started, as tasks will be scarce, so try not to make any mistakes, and do every task as best as you can, this will guarantee that they give you even more tasks, and eventually, you’ll be assigned permanent tasks, and your dashboard will look something like this: https://imgur.com/a/TSUASME
, as you notice, the payment for each task is really low but don’t get discouraged, you’ll want to find one that is easy to do, and that you can memorize the instructions, i’ve made up to $20 in just a couple of hours, out of easy tasks that paid 0.2c each. Of course, you’ll need practice, Practice makes perfect.
I have NOT been working on this page lately, because the payment per tasks has been diminished, and tasks only get more and more complicated to complete.
- Pros of Spare5
- Your payment is 100% secure with them (unless you get banned for underperforming in too many tasks), even if your Paypal account gets limited, you can reimburse the money they’ve sent you back to your Spare5 account (I’ve never done this, but i know it can be done, and the Spare5 team even helps you in the process).
- The amount of tasks available are based in your performance, which means if you do well, you’re almost guaranteed to have some work to do whenever there is some available.
- Some tasks are easy to do, and pay a good amount, i’ve made up to $50 in a good night, just off of tasks that paid 0.2c each.
- Your earnings in this page do not only come from doing tasks yourself, there is a referral program where you’ll get 20% out of the first $100 that EACH of your referrals earns, and they’ll get 10% more out of their first $100 too, just for being referred by you.
- Once you have enough experience in the page, you may have the Spare5 team reach out to you personally to test new features that they’re planning to add to the mainpage in the future, or just to interview you and ask questions to you about different things. All of these, are paid, and i’ve been approached on multiple occasions by the Spare5 team to take part in these. There is also a moderator position in their forums, i’m not entirely sure on how it works, but i’ve heard they pay you based on the amount of people that you help, only if you have the moderator role.
- Cons of Spare5
- As there is a limited number of available tasks, there are bound to be times where none is available, even if you have lots of experience, there are certain times of the year where there’s just no work to do (Usually January). This is what prompted me to stop using this website, and find a more reliable income.
- Lots of reading through the instructions of any given task, which is bad specially because you may finish reading the instructions to a given task, only to have to move to another one after a short while, one you run out of available tasks of the kind that you were doing.
- You’re subject to the revision of other users, which means, if you complete the task perfectly, but the person reviewing you makes a mistake, you’ll be punished for that. Even if you’re the one reviewing, the way to determine if a given task is good or bad, is based on what % of people reviewing the same image as you, passed it as good or bad, which means if you’re right, and the majority is wrong, again, you’ll be punished for it.
- My recommendations for Spare5
- Take your time, and really read through every single one of the instructions. If you get banned for underperforming, you will be permanently expelled from the website.
- If you are unsure about what to do in a specific case, after reading through the instructions, ask the community for advice, they’re more than happy to help.
- If, after you read through every single one of the instructions, and you’ve asked for advice from other community users, and you’re still unsure about a specific case, Skip the image.
- Don’t be hesitant to Skip images, it has no negative repercussion whatsoever, i learned to see the skip button, as another tool that i used constantly.
Next, is Reddit
, more specifically, the subreddit where i’ve found most of my freelancing jobs, is /slavelabour
, where people post any kind of job that they need done (Seriously, any, i’ve seen many kinds of crazy stuff going on there), along with a payment offer, and usually a method.
This one is pretty good, since you can find different kinds of work based on your skills, i’ve mostly done data entry types of jobs there, but there are many others easy for beginners, you just have to keep an eye out for when any potential job gets posted.
Other similar subreddits that i frequent, but aren’t as active as /slavelabour
, /WorkOnline/ /ForHire/
Follow the same advice that i will give for /slavelabour
, as these work similarly.
- Pros of Reddit’s /slavelabour & similar subreddits.
- Diversity of jobs based on your skills.
- Opportunity for long-term positions.
- You can directly talk to your possible employer and discuss the payment method of your preference.
- Great amounts of available job openings.
- Simple jobs available.
- Cons of Reddit's /slavelabour & similar subreddits
- You have to be careful and look out for possible scammers
- You need a minimum of reddit activity and possibly previous job references.
- Pay rates are usually low.
- There is a high demand for the job offerings, so you'll have to be quick and be able to pitch yourself well.
- My recommendations for these subreddits.
- If something looks too good to be true, it probably is.
- Ask for your payment upfront, and build trust within the community.
- If you’re going to work for someone, check their profile and activity, if anything looks off, don’t risk wasting your time.
Those are the main two websites where i've worked at for the past two years, there are some others that i know of, but since i haven't used them, i don't know how they work.
Now, let's talk a little bit about payment methods, and what are some good options for receiving your money once you've got yourself some gigs. Payment methods:
Now that you know what are some good places to get started, let's talk about what's the best place to receive your payments, and keep your money safe. I’ll take about the few methods that i’ve used myself, such as PayPal
, and most recently, Cryptos
. Where to receive your payments?
- PayPal is the easiest way to receive and send money, with medium fees, it's one of the easiest to setup, as well as the most commonly used, from my experience.
However your money is not 100% safe here, as your account could be limited, and your assets frozen, until you can prove that your earning aren't illicit, and you're not using PayPal for anything illegal, this latter being the hardest to prove, since, as you know, selling your PayPal money in USD, for Venezuelan currency(Bs), is illegal.
If you’re thinking about using PayPal, i’d recommend you to verify your account, with a credit card under your name. Using a virtual credit card, is against PayPal ToS, but i used one anyways and haven’t had any trouble, since there are not many options here in Venezuela, since it’s near impossible to get a proper USD credit card.
- Pros of using PayPal
- It’s really easy to setup a PayPal account, as well as sending and receiving money.
- It’s the most commonly used payment method for freelance gigs.
- Exchanging money between PayPal and Venezuela’s currency, is easy, as buyers and exchangers are rather easy to find.
- You can refund your money if you were to encounter a scammer whilst exchanging currencies.
- There are some websites that guarantee you, and your PayPal account integrity & safety whilst exchanging currency.
- It’s possible to withdraw your PayPal balance into an US Bank account, with minimum fees.
- Can use your PayPal balance to buy in websites such as Ebay, Wish and many other websites.
- Cons of using PayPal:
- Fees are too high compared to other platforms.
- Verifying your account is a must to protect your money, and some buyers will only buy money from verified accounts.
- PayPal’s customer service isn’t very helpful, or understanding when it comes down to trying to recover a limited account.
- Scammers might try to refund the money they’ve sent you after you confirm it, and you’d have to dispute.
- There is a chance that you could get your account limited, this has never happened to me, however.
- My recommendations for using PayPal:
- First and foremost, verify your account, it’ll make life much easier for you, and you’ll be able to use your PayPal balance to buy in some eStores.
- Don’t send, or receive small amounts of money from other persons, i avoid receiving amounts below $5, and ANYTHING below $1, is an absolutely no-go.
- Exchange your currencies only with people you trust, seek for references from people you know, don’t trust strangers. I find that having a trusted buyer to sell to is the best way to go, even if you find someone who’s offering a better price.
- Avoid refunds and disputes, as that will draw attention from PayPal’s staff into your account. I’d rather lose $10 to a scammer, than get my whole account frozen.
is another cloud based financial services platform, similar to PayPal, and with similar fees. The good thing about this platform, is that you can exchange your funds from USD to Crypto, and many other currencies, at the cost of a relatively small fee.
I haven’t used this method too much myself, as i used this mainly for it’s Virtual Credit Card feature, which is temporarily not available.
- Pros of using Uphold:
- You can go from USD to crypto and vice versa easily.
- You used to be able to create virtual credit cards, a feature that might come back in the future.
- Doesn’t have PayPal’s limitation issue.
- Not too hard to use.
- Fees are nothing too crazy.
- Even if not too many people use Uphold, you can receive crypto payments in all of the mayor coins here.
- Cons of using Uphold:
- Crypto transactions take hours to complete.
- Setting up your account isn’t as easy as some other options.
is an e-wallet where you can keep your money, and exchange it to other currency, or buy USD with your local money, all in the same platform.
Out of all the options i'm going to list for payment methods, this is my least favorite, as the fees are incredibly high, and in my opinion, what this website provides isn't worth it.
I haven’t had much experience with AirTM, as the fees are ridiculous, but i’ve used it and i’ll share my experiences.
- Pros of using AirTM:
- You can receive your money, as well as find exchangers to sell it here.
- Provides you with all of the tools you need to exchange your money, 100% safely.
- It’s the easiest option in terms of going from receiving payments in USD, to exchanging it into other currencies.
- Cons of using AirTM:
- Fees are ridiculously high.
- It’s not as straightforward as other options in terms of setting up your account, and using this platform will take some time to get used to it.
- Asks for a lot of stuff to verify your identity.
- Venezuela’s government has previously blocked this website, and claimed to have been “seeking all of the delinquents using this fraudulent website”.
- AirTM's website is sometimes blocked by the government and requires the use of a VPN to access it.
, i’ve only started using this method recently, and i can already say, this is my favorite so far, and the method i’ll mainly use from now onwards, as this has proven to be really easy to set up, and in my opinion, the best option for receiving payments, as you’ll pay minimum fees for your transactions, keep your identity safe, and the exchange rate to Venezuela’s currency is really good.
I’d say there is no downside to receiving your payments here, as even if you were worried by the Crypto’s price dropping, you could easily use a third party website to exchange your Crypto, to USD in any other platform you’d like.
The cryptocurrencies that i’ve used are Bitcoin Cash (BCH), Bitcoin (BTC) and Ethereum (ETH), all of the transactions that i’ve done haven’t taken longer than 30 minutes, with the exception of using SideshiftAI to exchange my BCH into BTC, which took about an hour. Setting up a wallet for these is rather easy, however here’s a quick guide for BTC and BCH. https://bitcoin.org/en/getting-started
Also, another point in Crypto’s favor, is that some stores have begun accepting cryptos as a payment method, there’s an app in the Google Play Store named “CryptoLugaresVE” With a list of places accepting crypto as a payment method.
- Pros of using Cryptocurrencies:
- Fees are extremely low.
- Good exchange rates to other currencies.
- Easy to set up, and straightforward to use.
- You can potentially gain money, if the price of the crypto that you’re using increases.
- Can be used as a payment method in a lot of eShops, and some stores in Venezuela.
- Payments sent to you cannot be refunded
- Cons of using Cryptocurrencies:
- You can lose money, if the price of the crypto that you’re using drops.
- Cannot refund your payments.
- Transactions can sometimes take a long time to complete, although this hasn’t happened to me.
- Due to the volatility of crypto’s price, it’s not good to keep your savings.
- My recommendations for using Cryptocurrencies:
- Don’t keep any money that you can’t afford to lose in crypto, so that if the price drops, you won’t be back at square cero.
- Exchange your cryptos only with trusted buyers, or using safe third party websites, to ensure you don’t get scammed, since you can’t refund money.
- Change your address after each trade.
Finally, i’ll talk a little bit about the couple websites that you can use to safely exchange money from USD, to Venezuela’s currency. Other than these, you’d have to find someone of your trust to exchange your currency. Where to safely exchange your earnings to Venezuela’s currency?
- Appbb (https://www.appbb.co/) is an eStore that will also buy funds from all kinds of platforms (Payoneer, Uphold, Paypal, Cryptos, etc.), while they might not have the best rates, they are reliable, safe, and a good option.
The downside of this site, is that hey have a set amount transactions that they’re going to make per day, so you’ll have to wait for the store to open every morning, and grab your ticket.
I haven’t used this shop in a while, i know that they’ve changed it, and i’m not sure how it works for exchanging your currencies anymore, but you can ask for advice in their facebook page and their support team is always really helpful.
- Localbitcoins (https://localbitcoins.com/) is a trading website where you can sell/buy bitcoins from different users safely. This website works only for selling Bitcoin, but you can buy bitcoins with money from any other platform, at a fair rate, and sell the bitcoins that you’ve bought.
- Foro-Ptc (https://www.foro-ptc.com/) is a whole website dedicated to making money online, there’s all kinds of useful content here, i recommend you to check it out, but more importantly, there is whole section dedicated to selling and buying USD for local currency.
You’ll need a 30 days old account, and some posts before you can PM anyone you want, but there are some trusted buyers/sellers whom you’ll be able to send PMs to right away, so you can safely exchange with them.
That’s it for now, I’ll probably update the guide as i learn more and try out new stuff, as well as with your feedback. I just want to thank u/justgord
for giving me the opportunity to share all of this with you guys!
Hola Reddit! Mi nombre es LinkToU, y u/justgord me comisionó para compartir con ustedes mi experiencia trabajando como freelancer en Venezuela.
He visto un montón de posts de gente pidiendo consejos para comenzar, cuáles son las mejores plataformas para recibir dinero, y cosas así, así que esos serán los temas que trataré en esta guía para principiantes.
Como dice el título, esta es una guía para personas que no tienen conocimiento de programación, sólo necesitarán un buen conocimiento de Inglés.
Recomiendo leer esta guía a través de google docs, ya que no estoy muy familiarizado con el formatting de reddit, y creo que esta versión es más fácil de leer: https://docs.google.com/document/d/13DNEyyF7F-fXjpA1AplGqQjVh0H_LWd0cCjoKdZzQm4/edit?usp=sharing
Versión en inglés: https://docs.google.com/document/d/1DotVUAtEAUXfgTAhDZtmylTzA4nImhoAGZCI-8XdKtM/edit?usp=sharing
Bueno, sin más que contar, comencemos.
¿Qué tipo de trabajo se puede encontrar?
Hay varios tipos de trabajos que puedes realizar sin tener ningún tipo de conocimiento específico, por ejemplo, “lead generation”, registro de data, transcripciones, escritor de artículos, o incluso asistente virtual. Podría seguir nombrando tipos de trabajo, pero lo mejor será que les diga algunos lugares para encontrar trabajo, y que ustedes decidan qué es lo mejor.
¿Dónde puedes encontrar trabajo?
He trabajado principalmente a través de dos sitios web, así que hablaré un poco de mi experience en cada uno de ellos.
Spare5 (https://app.spare5.com/) es el sitio web de “crowdworking” con el que comencé a trabajar, hace dos años. Básicamente, estarás revisando diferentes imágenes, anotando y delineando diferentes objetos para ayudar a entrenar inteligencia artificial a identificar dichos objetos.
Diría que lo más difícil, es comenzar en esta página, pero no es mucho más difícil que en el 2017, cuando yo comencé, así que aún es posible.
Lo primero que tendrás que hacer, será completar los tutoriales, que te darán acceso a algunos calificadores, que determinarán si estás listo o no para tareas pagas (asegúrate de comprender bien cada una de las tareas, antes de comenzar a hacerlas, ya que si no las haces bien, te las quitarán y te podrían banear permanentemente.)
El mínimo de pago es $1, pagado a través de PayPal, no hace falta tener una cuenta de PayPal verificada, y recibir fondos de esta página NO hará que tu cuenta de PayPal sea bloqueada.
Como dije antes, lo más difícil de esta página es comenzar, al principio las tareas serán escasas, así que asegúrate de hacerlas bien, ya que esa es la única manera de garantizar que te seguirán enviando tareas. Eventualmente, te darán tareas fijas, y tu panel principal se verá algo así https://imgur.com/a/TSUASME . El pago por cada tarea es bajo, pero lo importante es encontrar una cuál sea fácil y memorizar las instrucciones. Yo he hecho hasta $20 en un par de horas, con tareas fáciles que pagaban 0.2c cada una. Sólo hace falta práctica.
Últimamente no he trabajado en esta página, ya que la paga por las tareas ha disminuido, y sólo son más difíciles de hacer cada vez.
- Ventajas de Spare5:
- Tu pago está asegurado en esta página (A menos que te baneen por hacer las tareas mal), e incluso si tu cuenta de PayPal es bloqueada, puedes reembolsar el dinero que te hayan pagado a tu cuenta de Spare5 (Nunca lo he hecho, pero sé que se puede hacer, y el equipo de soporte de Spare5 también te asiste en esto.)
- La cantidad de tareas que tienes disponibles se basa en tu desempeño en tareas previas del mismo tipo, así que si las haces bien, garantizas tener trabajo siempre que haya alguno disponible.
- Hay algunas tareas que son fáciles de hacer, y pagan bien, he ganado hasta $50 en una noche solo con tareas que pagaban 0.2c cada una.
- Tus ganancias en esta página no vienen solamente de las tareas, hay un sistema de referidos que te paga un 20% de los primeros $100 que cada uno de tus referidos gane, y ellos recibirán 10% más de sus primeros $100, sólamente por usar tu código de referido.
- Una vez tengas suficiente experiencia en esta página, puede que el equipo de Spare5 se comunique contigo personalmente para que pruebes nuevas características que piensan añadir a la página principal, o simplemente para entrevistarte y pedirte tu opinión sobre ciertas cosas. En cualquiera de estos casos, te pagarían por tu tiempo, mucho más de lo que ganarías normalmente haciendo tareas. También existe una posición de moderador de los foros, en la cuál he escuchado que te pagan basado en la cantidad de personas que has ayudado, una vez tienes el rol de moderador.
- Desventajas de Spare5:
- Ya que hay un número limitado de tareas, habrá tiempos donde no habrá ninguna disponible, incluso si tienes una gran cantidad de experiencia en la página, hay ciertas épocas del año en las que simplemente no hay tareas disponibles (Usualmente, en Enero). Esto es lo que hizo que dejara esta página, y buscara una manera más consistente de generar ingresos.
- Hay que leer un montón de instrucciones para completar cualquier tarea, y una vez termines de leerlas, puede que tengas que elegir otra diferente, debido a que la tarea que ibas a hacer ya no está disponible.
- Estás sujeto a la revisión de otros usuarios, lo que significa que aunque completes la tarea perfectamente, si la persona que te revisa comete un error, serás castigado por eso. Incluso si tú revisas la tarea, la manera que ellos utilizan para determinar si una tarea está bien o mal, se basa en la media de los usuarios que la marcaron como correcta o incorrecta, así que si tu estás en la minoría, serás castigado por eso nuevamente.
- Mis recomendaciones para Spare5
- Tómate tu tiempo y lee cada una de las instrucciones. Si te banean por hacer las tareas mal, serás vetado permanentemente de este sitio web.
- Si estás inseguro sobre qué hacer en un caso específico, pregúntale a la comunidad.
- Si luego de leer las instrucciones, y pedirle consejo a la comunidad, sigues inseguro, omite la imagen.
- No dudes en omitir las imágenes, no tiene ninguna consecuencia negativa, debes ver el botón de “Omitir”, como una herramienta cualquiera.
Lo siguiente, es Reddit, más específicamente, el subreddit donde encuentro usualmente trabajo de freelance es /slavelabour , dónde las personas publican cualquier tipo de trabajo que necesiten sea completado, junto con un método de pago, y una oferta, para encontrar a alguna persona dispuesta a hacerlo.
Esta opción es especialmente buena, ya que puedes encontrar muchos tipos de trabajo, dependiendo de tus cualificaciones. Yo he hecho mayormente trabajos de registro de data, pero hay muchas otras opciones fáciles para comenzar, sólo hay que estar pendiente de cuando puedan ser publicadas nuevas oportunidades.
Otros subreddits similares que frecuento pero no son tan activos como /slavelabour son: /Jobs4Bitcoins/ , /WorkOnline/ , /ForHire/ Sigan los mismos consejos que daré para /slavelabour , ya que estos funcionan de manera similar.
- Ventajas del subreddit /slavelabour y otros similares.
- Diversidad de trabajos dependiendo de tus habilidades.
- Oportunidad de encontrar posiciones permanentes.
- Puedes hablar directamente con la persona que está contratando y discutir el método de pago de tu preferencia.
- Gran cantidad de oportunidades de trabajo.
- Trabajos simples.
- Desventajas del subreddit /slavelabour y otros similares
- Debes cuidarte de posibles estafadores.
- Se necesita un mínimo de actividad en tu cuenta de reddit para participar en estos subreddits.
- Las pagas son bajas, por lo general.
- Hay una gran demanda para cada oferta de trabajo, así que hay que ser rápido, y saber la mejor manera de venderse a sí mismo como candidato.
- Mis recomendaciones para estos subreddits.
- Si algo se ve demasiado bueno para ser verdad, probablemente lo sea.
- Pide tu pago por adelantado, y construye una buena reputación en la comunidad.
- Si piensas trabajar para alguien, revisa su perfil, y si algo se ve fuera de lugar, no arriesges perder tu tiempo y ser estafado.
Métodos de pago:
Ahora que saben cuáles son algunos buenos lugares para empezar a conseguir trabajo, les hablaré sobre cuáles son las mejores plataformas de pago para recibir dinero, y mantenerlo seguro. Hablaré sólo de los que he usado, como PayPal, Uphold, AirTM, y recientemente, Criptomonedas.
¿Dónde recibir tus pagos?
- PayPal es la manera más fácil de recibir y enviar dinero, con comisiones aceptables, y también es la más fácil de comenzar a usar.
Igualmente, tu dinero no está 100% seguro en PayPal, ya que tu cuenta podría ser limitada y tu saldo retenido hasta que puedas probar que no estás recibiendo fondos de ninguna actividad ilícita, o invirtiendo en alguna. Esto último es difícil de probar, ya que vender fondos de PayPal en Dólares(USD), a cambio de la moneda Venezolana (Bs), es ilegal.
Si planeas usar PayPal, recomiendo que verifiques tu cuenta con una tarjeta de crédito bajo tu nombre. Usar una tarjeta de crédito virtual, va contra los TDS de PayPal, yo igualmente usé una (Y no he tenido ningún problema), ya que no hay muchas opciones en Venezuela, debido a que es prácticamente imposible conseguir una tarjeta de crédito
- Ventajas de usar PayPal
- Es fácil de comenzar a usar, y enviarecibir dinero también es fácil. Es el método de pago más usado para trabajos de freelance.
- Cambiar dinero de tu cuenta de PayPal a la moneda de Venezuela es fácil, ya que los compradores son fáciles de encontrar.
- Puedes reembolsar tu dinero en caso de que seas estafado al intentar vender tu saldo PayPal.
- Hay ciertas páginas web, y métodos que garantizan tu seguridad y la de tu cuenta PayPal al realizar ventas de tu saldo PayPal.
- Puedes retirar tu dinero de PayPal, a una cuenta bancaria en dólares (o dependiendo de la moneda) de algún país extranjero, con comisiones mínimas.
- Puedes usar tu balance de PayPal para comprar en ciertos sitios web, como Wish, Ebay, u otros.
- Desventajas de usar PayPal
- Las comisiones son altas comparadas a otras plataformas de pago.
- Debes verificar tu cuenta para proteger tu dinero, y algunos compradores sólo adquieren saldo de cuentas verificadas.
- El servicio al cliente de PayPal no es muy útil, o comprensivo cuando intentas recuperar una cuenta limitada.
- Puede que algunos estafadores intenten reembolsar el dinero que te enviaron luego de que terminas el trabajo, y tendrás que disputar su reembolso.
- Existe la posibilidad de que tu cuenta sea límitada (aunque nunca me ha sucedido).
- Mis recomendaciones para usar PayPal
- Primero que nada, verifica tu cuenta, esto hará las cosas mucho más fáciles para tí, y podrás usar tu balance de PayPal para comprar en eStores.
- No envíes ni recibas pequeñas cantidades de dinero de otras personas, yo personalmente evito recibir cantidades menores a $5, y no acepto ninguna cantidad menor a $1.
- Realiza tus cambios sólo con personas en las que confíes, busca referencias de personas que conozcas, y no confíes en extraños. Tener un comprador fijo es la mejor manera de mantener tu dinero seguro, aunque no siempre ofrecen el mejor precio.
- Evita los reembolsos y las disputas, ya que eso atraerá atención no deseada a tu cuenta de PayPal. Es mejor perder $10 por un estafador, que todo el saldo de tu cuenta por un bloqueo.
- Uphold es otra plataforma similar a paypal, con comisiones similares.
El punto a favor de esta plataforma, es que puedes intercambiar tus fondos de USD, a muchas otras criptomonedas, u otra moneda extranjera, al costo de una comisión relativamente pequeña.
No he usado mucho este método, lo utilizaba principalmente por la función de crear una tarjeta de crédito virtual, pero esta está temporalmente desactivada.
- Ventajas de usar Uphold
- Puedes intercambiar tu saldo de USD a otra moneda, o incluso criptomonedas, fácilmente.
- En el futuro, es posible que vuelva la función de crear una tarjeta de crédito virtual.
- No tiene el problema de limitación de PayPal.
- No es difícil de usar.
- Las comisiones no son muy altas.
- Aunque no muchas personas usen Uphold, puedes recibir pagos en criptomonedas aquí.
- Desventajas de usar Uphold
- En mi experiencia, las transacciones con criptomonedas tardan horas en ser confirmadas.
- Configurar tu cuenta para comenzar a utilizar Uphold no es tan fácil como en otras opciones.
- AirTM es una billetera electrónica donde puedes guardar tu dinero, e intercambiarlo a otras monedas, o incluso comprar monedas extranjeras con tu moneda local, todo en la misma plataforma.
No he utilizado mucho esta plataforma, debido a que las comisiones son ridículamente altas, pero siempre la he visto como una especie de plan de contingencia, en caso de que necesite dinero, y no haya ninguna otra opción disponible.
- Ventajas de usar AirTM
- Puedes recibir dinero, y encontrar compradores en una misma plataforma.
- Tiene todas las herramientas necesarias para cambiar tu dinero 100% seguro.
- Es la opción más fácil en términos de pasar de recibir dinero a cambiarlo a otras monedas.
- Desventajas de usar AirTM:
- Las comisione son extremadamente altas.
- No es tan fácil configurar tu cuenta, y tomará algo de tiempo acostumbrarte a usar esta plataforma.
- Pide un montón de cosas para verificar tu identidad.
- El gobierno de Venezuela ha bloqueado previamente esta plataforma, y dijo estar “buscando a todos los delincuentes vinculados a esta página criminal”.
- Finalmente, Criptomonedas, empecé a usar este método de pago recientemente, pero hasta ahora, es mi favorito, y probablemente sea el que utilice de ahora en adelante para recibir mis pagos, ya que es fácil de configurar, y en mi opinión, la mejor forma de recibir pagos, ya que cuenta con las comisiones más bajas por transacción, mantiene tu identidad segura, y el ratio de intercambio de criptomoneda a moneda venezolana es bueno.
Diría que no hay ninguna desventaja a recibir tus pagos en criptomonedas, ya que incluso si te preocupa que el precio de la criptomoneda baje, puedes usar un sitio web de algún tercero para cambiar tus criptomonedas a cualquier otra plataforma de tu preferencia, a un buen precio.
Las criptomonedas que he utilizado son Bitcoin Cash (BCH), Bitcoin (BTC) y Ethereum (ETH), todas las transacciones que he realizado no han tardado más de 30 minutos en completarse, con la excepción de cuando usé SideshiftAI para cambiar mi saldo BCH a BTC, y aún en ese caso, tardó cerca de una hora.
Crear una billetera es fácil, igualmente, aquí hay una guía para comenzar en BTC y BCH. https://bitcoin.org/es/como-empezar
Otro punto en el favor de las criptomonedas, es que algunas tiendas en Venezuela han comenzado a aceptar estas como método de pago, hay una app en la Google Play Store llamada “CryptoLugaresVE” Con una lista de lugares que aceptan criptomonedas como forma de pago.
- Ventajas de Usar Criptomonedas:
- Las comisiones son extremadamente bajas
- Buen ratio de cambio a otras monedas.
- Fácil de usar
- Puedes ganar dinero potencialmente, si la criptomoneda que usas aumenta en precio.
- Puedes usarla como método de pago en muchas tiendas virtuales, y algunas tiendas de Venezuela.
- No es posible reembolsar pagos que te hayan enviado.
- Desventajas de usar Criptomonedas
- Puedes perder dinero si la criptomoneda que usas pierde valor.
- No puedes reembolsar tus pagos.
- Las transacciones pueden tardar un montón de tiempo en completarse.
- Debido a la volatilidad del precio de las criptomonedas, no es buena opción para guardar tus ahorros.
- Mis recomendaciones para usar Criptomonedas
- No guardes dinero que no puedes perder en criptomonedas, así, si el precio baja, no perderás mucho.
- Intercambia tus criptomonedas sólo con compradores confiables, o utiliza algún sitio web de terceros que asegure tu dinero.
- Cambia la dirección de tu billetera luego de cada transacción.
Por último, hablaré sobre un par de sitios web donde pueden intercambiar dinero de dólares, a la moneda local venezolana. Aparte de estos, existen otros sitios webs de confianza, y siempre está la posibilidad de encontrar una persona de confianza para realizar todos sus cambios de USD - Bs.
- ¿Dónde puedo cambiar mis ganancias de forma segura a la moneda local de Venezuela?
- Appbb (https://www.appbb.co/) es una tienda virtual que también compra saldo de diferentes plataformas (Payoneer, Uphold, Paypal, Criptos, etc.), y aunque no tienen las mejores tasas, son una opción confiable, segura y buena.
Lo malo de esta página es que tienen una cantidad limitada de cupos por día, así que tendrán que esperar a que la tienda abra cada día, y agarrar su cupo rápidamente.
No he usado esta tienda en algún tiempo, sé que han cambiado un par de cosas y ya no estoy tan seguro de cómo funciona, pero pueden escribir directamente a su página de facebook y su equipo de soporte siempre está atento allí.
- Localbitcoins (https://localbitcoins.com/) es un sitio web de intercambios donde puedes vender o comprar bitcoins de diferentes usuarios de forma segura. Este sitio web solo funciona para vender Bitcoins, pero es posible comprar bitcoins con dinero de cualquier otra plataforma, con una buena tasa, para luego venderlos.
- Foro-Ptc (https://www.foro-ptc.com/) es un foro dedicado a generar ganancias online, hay muchos recursos interesantes aquí que les recomiendo lean, pero más importante, hay una sección completa dedicada a la venta y compra de dólares por la moneda local.
Hace falta una cuenta con 30 días de antigüedad, y algunos posts antes de poder enviar mensajes privados a cualquier persona, pero hay algunos vendedores designados a quienes podrás enviar mensajes sin importar la antigüedad de tu cuenta, con quienes podrás hacer intercambios sin tener que esperar.
Eso es todo por ahora, probablemente siga actualizando la guía mediante vaya aprendiendo nuevas cosas, o con sus recomendaciones. Sólo quiero agradecerle a u/Justgord por darme la oportunidad para compartir todo esto con ustedes!
Alan Booth is the CEO of one of Cryptopia, an exchange regarded as having one of the widest selection of tokens. Founded in 2014, Cryptopia is one of a handful of blockchain-focused companies in New Zealand.
The Cryptopia team is often tasked with researching hundreds of projects to determine their efficacy before any other major exchange has touched them. The exchange lists many projects in their early stages and post-ICO.
As an entrepreneur and business consultant for over 50 years, Alan Booth’s story is fairly atypical of that of many entrepreneurs in the cryptocurrency world. His perspective on the cryptocurrency is grounded in decades of business development experience, and he views the cryptocurrency exchange realm as one of the most exciting opportunities yet.
In the following interview, we dive into everything from cryptocurrency psychology, the coin listing process, and blockchain entrepreneurship. How did you get introduced into the crypto world?
That’s interesting. I was consulting for Cryptopia or consulting to assist them in their development path for several months when it became obvious that they needed some senior leadership to move them from where they are, which was basically a reactive technical focus to a more business global focus on how we develop their business model. We are very conscious of the fact that you need a higher level of thinking. You need a global perspective, particularly from New Zealand because there’s not a lot of us down here.
That probably predicates why we’re a global business grown out of such a small population. We’d known each other for a while, certainly six months or so, and when the opportunity came up, why wouldn’t I move from a very safe, comfortable, fun job that I had previously, which was the chief executive of an international flying school. Nothing really scary goes on there.
I am at the latter end of my working life, somewhat semi-retired and all my colleagues went, “You’re going to do what? Are you kidding?” Of course, the blood pressure went up and I said, “yeah, I’m going to have a go at this.”
So, it’s really about the opportunity when you’ve learned so much over 40 or 50 years of developing business models and floating companies and taking them to the world, which is primarily what I’ve done. To find something that’s new and a full of excitement and fear and trepidation and where is all this going? Then it’s an opportunity you can’t afford to pass up. So, it’s just the daredevil saying let’s go. The risk and the general fervor for the industry have gotten a lot of people very excited. What are the top concerns for exchanges moving forward from your perspective?
They are many fold and they are variable based on feedback from the community and somewhat driven by legislation, driven by corporate requirements. The FinTech world, we’ve got to look at that as well as the coin world. If we want to grow and deliver a product that the average consumer can consume, then we have to deliver all the things that they would typically expect. So, if you went into a retail store to buy a heater, you expect to have a warranty.
You expect to be safe, you expect to be treated well with clarity. And typically, the coin industry to date has not been very good at that because it’s been evolving and mostly evolving from a technical perspective with probably less weight put on the public consumption of the coin. It’s being technically driven as a technical product when you look at it. When you go to the exchange, some of them take a fair bit of thinking about before you can operate.
So, for us, the first thing is trust. If people can’t trust your brand, and that means every part of it, you’re not going to succeed
. So, we are very proactive here in New Zealand, talking to legislators, government agencies in and out of New Zealand. KYC, AML, CML, all of that stuff. We are drafting our own internal rules and then most cases they exceed the requirements of our banking partners. So, they look at us and they go, wow, you’re way ahead of where we thought it would be. So, developing a trust relationship with our consumers and business partners is vital. The next thing is developing a stable and functional platform.
I don’t just mean the coin exchange itself, but all of the underlying technology. Will we be up? Do we have latency? Are we speedy? Have we purchased the right partnership relationships for our equipment and how do we continue to be able to scale at will and not risk failing to deliver a result? That means helping people get an exchange done, their coins on and off. I suspect it’s the same as every other exchange.
Only thing is, down here, we have really focused on three things to move us very quickly forward. One is the public-facing components. That’s the help desk if you get stuck. We want to be able to respond very quickly. And like the other exchanges, we headed enormous influx in the early part of the year and that was debilitating. Nobody was ready for it. We employed teams of people to come in and train as support operators. We’ve since then spent a huge amount of money on a new ticketing system, which actually went live yesterday.
So, this morning when I come in, there’s smiley faces trying to get their head around it going, wow, this is amazing. So, we triage all the tickets on the inbound route now and puts it in a good space for our response team to reply as quickly as possible, I want. At the moment, we’re not there. Instead of being 40 or 50 hours and all these horrible delays, I want people to have a response from us immediately and I mean within seconds saying we’ve got your ticket. I can’t answer it right now, but we’re on you. Then, within hours, get back to those customers and fix their problem. They don’t deserve to wait 24 hours or 48 hours.
People are anxious. Ticketing, we’ve done something about it. Highly trained staff, we’re employing all the time. We’ve developed foreign offices to beat the time zone thing. We now have a support office in the UK that we have had for some time, actually. The next thing is just the stabilizing of our software and hardware.
When you start these things, the enthusiasm and the inexperience of the development team may not know what’s here to them and now we’ve bought in bigger, stronger, international teams. So, that’s great what you’ve got, but let’s do this. So, that’s the phase we’re on now. We’re spending all of our money. In fact, every penny that we generate in this business goes straight back into furthering and developing the products. Nobody’s racing home in Lamborghinis or flying their jets around. They’re just piling into it.
So, that’s how I am in terms of producing a high-quality product. It’s not a decision we just made. It’s always been there, but we are now articulating it internally, that we want to be in the top five of crypto exchanges and digital asset exchanges of some form within the next two years. In the top five, bar none, in every respect. Would you say the number one component of being thought of as one of the top five would be trading volume? Is that the primary metric?
I absolutely agree with you, but you can’t have trading volume unless you provide the other things first, like security, safety, a good trading platform.
If you want trading volume, I have to have a reason for you to trust me, which has to be if I have a failure, will my ticket, be answered? If you do those things, you will get trading volume. I don’t believe you look at it the other way and say, hey, let’s create trading volume because if that comes at you hard and sharp, how are you going to cope with it when something breaks?
It’s technology, things will break. It’s how you address things that go wrong that made you successful, not what you put in place to drive that business in. That will happen if you’re good. The word gets out saying this is a great exchange. They fixed my tickets, they’re fast, they’re responsive, it’s safe. That will create trading volume.
Trading volume for us is income and of course, we want it. We have actually slowed down on coin listings. We’ve slowed down on taking new customers and we’ve slowed down on developing relationships with partners simply to get our platform in better shape so that we can become the most reliable, trusted partner you can have. That will create trading volume, no doubt about it. Although trading volume does bring in a sizable amount of revenue, there comes a point where it just becomes a vanity metric where people are using an exchange simply because there just aren’t any better alternatives out there.. So, if there is an exchange that can offer all the features that you’re talking about and a premium level of service, then the trading volume will trickle down. There’s no real loyalty for exchanges other than preferences.
Absolutely. We wouldn’t ask for that. Why would you say to somebody, hey, you got to be loyal to us? That’s just silly. You will be loyal to us if I offer you a great experience. That means volume of coins, a huge range to trade through. Ease of trading. One click, two clicks. How about some trading tools just like you see in a modern foreign exchange opportunity? Some arbitrage tools, some tools for measurement, some nice desktop tools.
We want to introduce other things. It just means that you’ve got control over your own reporting and your own desktop environment. It can become a very powerful tool to use as long as we listen to the customers and say, hey guys, we can develop that. Give us a couple of months, let’s put it in front of you. What is the coin listing process for you guys? What’s the process for someone who wants to get their coin listed on Cryptopia?
We’re just reviewing that and we’re being very focused on changing the way we list coins and who we list. We’re very conscious to gain trust. We are actually your first port of call for particularly those people who don’t know much about coin, so they have to trust their exchange partner. Therefore, we have to make sure that if we list a coin, it’s a viable trusted, honest coin that’s going to give value.
Not just to us as an exchange but it’s not a scam coin. It’s not something just to raise money, pump and dump thing. We have coin listing teams who are very tough. I have introduced people as the CEO to my coin listing team and I can’t get it through them. I’ve said, but these are great guys and I have a great story and I met them in Vancouver and boy, they’ve convinced me.
My coin listing technical team does all the due diligence. Everything from GitHub, Facebook pages, normal stuff like that. If it doesn’t look like a viable product to us on many levels, then it doesn’t get listed. That’s the end of it.
If [the coin] gets past that, we do further due diligence. We’ll actually interview the company. We’ll ask why do you want to list? Why do you want to list with Cryptopia? What’s your plan for the coin? What do you want us to tell customers because they’re going to be relying on us?
So, we’d like to do more than just have a coin called 21 Million sitting on the exchange. How about if we had a link to that with some of the criteria we use to judge whether that was a good opportunity. Whether it was a good coin. We might have a 10-point plan and we might say, hey, this coin passed at 9.7. This coin is in, but it only got in at 2.4. Whereas the negative coins, the coins that have gotten negative plans, negative equity in our mindset, they just don’t get on the exchange.
We have a very large number of coins at the moment. We want to remain in that space, be the leader. That means that clearly, we’re not going to get it right all the time because we make mistakes and actually, so do the some of the honest and reliable coin generators. Their plans might not just happen, so they get the benefit of the doubt for a while.
As long as we see that they’re not doing something deliberately to disrupt the market or just to take money, then we’ll support them until they get their business model right. But we’re very focused on a coin listing to us is actually a business partnership. We’re not just going to throw coins up there. I think 2018 is the year of reckoning, wherein 2017, pretty much anything got listed anywhere. It didn’t really matter how functional the coin was or whether it was legitimate or not. So, it’s really cool to see the trend in exchanges making a stance against that because if the ax falls, it doesn’t fall on the anonymous coin team that could be in Switzerland and Ethiopia. It’s falling on the CEOs and the exchange teams that are allowing access.
People come to us and they say, hey, I haven’t got my money. You’re the exchange. I go, well actually, the coin that we listed, I’m afraid the wallet’s faulty or they didn’t do this, or they ran away. People don’t care. They’re relying on us. That’s why Cryptopia has to be a business partner with each and every user, not just a provider of some coin listings. That would be unethical. Absolutely, and it’s good to hear. Speaking of regulations, how do you think that’s going to evolve for exchanges, especially being out of New Zealand?
I welcome a regulatory intervention for many reasons. The primary one is that as soon as the regulators start imposing their will and taking notice, it means that it’s a genuine opportunity. They don’t waste their time on something that’s not going to affect global economies or our economy. For example, the New Zealand regulators, we’re working and we’re working with them because they recognize that somebody has got to work with them to tell them what’s going on.
The other side of the fence, that’s us. We have to work with them to say, you can’t do that because it won’t work in this environment. So, working with regulators is critical, in my opinion, and we’re doing that very well.
Regulation has to come.
It was just announced in New Zealand a few days ago that we’re going to start, this is unrelated to coins, collecting GST, which is our equivalent of your local taxes, on online purchases. So, typically anything up to $400 that you buy online from Amazon, for example, in New Zealand, you wouldn’t pay tax on and they’re changing that. They’re taking the same view with coins. So, the government is saying, how do we tax revenue? When do we tax revenue? What should it look like? How do we make it fair for you, the exchange and how do we make it fair and manageable by the consumers who may have to declare a capital gain if they’re going, for instance, as an equity or a property as pure speculative fun like betting? And if that’s the case, when should we do this? Should we backdate all that stuff?
Every country is going through this and some have jumped in and made decisions that they’ve had to backpedal on. They were a little bit hasty. In New Zealand, in particular, we have a great relationship with the regulators and all the powers that be, right down to the banks, and are all looking at the space saying, you know what? We don’t quite know what to do, but let’s start doing something and I welcome it.
And the more understanding and control we have on these things at this early stage these next few years, the neater and cleaner will be over the next few years. Just as banking has become very stabilized through regulations, so will this crypto business, whatever it ends up looking like. New Zealand has its advantages because a smaller population could make building direct relationships with regulating authorities easier. Tim Draper, for example, is investing in Papua New Guinea to try and make this whole digital citizenship country. The Binance guys just moved over to Malta. The global landscape just opened up, and governments will have to start offering distinct advantages to attract companies that could hypothetically set up virtually anywhere.
That’s great because that’s exactly what online trading is about. It’s online and it’s global. We have to join the global party, but we better start from a position of understanding and strength in our own environment. Make sure we have our own stuff together before we start yelling about what someone else should do. Yeah, absolutely. Shifting gears a little bit, what do you think about decentralized exchanges and how they’re going to affect the whole exchange thing?
The quick and easy answer to that is it will definitely affect the global exchange market. It will definitely affect FinTech because if people who are regular investors and that’s people with mom and pops with a few dollars, right up to institutional investors, if they can see a way of generating revenue and it’s safe, they’re going to move there. They’re not going to discard their other investment opportunities and they’re not going to discard regular exchange-traded equities or working on the stock exchange. But there’s a space here that we haven’t quite worked out who that’s going to work for or how, but the more we regulate, the more we make the tools visible.
The stronger we look to the market and the more professional we look. That doesn’t necessarily mean just wearing a suit into a meeting, but the more gravitas we have behind those discussions demonstrating that we’ve done on the work and that we’ve got smart people here and the technology’s good. We’re ready to come and meet and talk equitably to investors and traditional investment houses. Then there will be a way that they join up. There’s no doubt about it. I mean, it can’t be helped. How about the lightning network and atomic swaps where you could pretty much exchange peer to peer. You could trade Litecoin for Ethereum directly in one single transaction without an exchange. Centralized exchanges have their benefits, like for example, there’s someone you can knock on their door and say where’d my money go? I need customer support. So, there are advantages there, but then the advantages of a decentralized exchange are just the efficiency. I’m wondering how is that viewed for the centralized exchange world?
I don’t want people to take away my income opportunity. We’re building a business. We would argue, and I think it could be demonstrated to date until the blockchain comes up with some technical solutions. We’re building a trust environment and we are taking on, at considerable cost, the responsibility for providing the trust. First, it’s a coin that we like and here are the reasons. We’ve done the due diligence on your behalf. We allow the transactions to take place and here’s how we regulate, manage and deliver that transaction and manage the wallet relationships.
Cryptopia’s Coin Information display
That’s a role we take on. So, if you trade with a centralized exchange, you’ve got a whole lot of advantages that you don’t have by trading peer to peer. It’s fairly obvious what a peer to peer relationship looks like. If that’s on a personal level, that risk is much greater. If it’s on a more corporate structured level, I don’t know what that looks like yet, but I think we’ve got a long way to go before we could move from centralized exchanges to peer to peer simply because there’s going to have to be some regulation around it. How would the regulators engage in that space? Who are they engaging with? Every single person who wants to trade?
At the moment, they can deal with an exchange that has potentially 2,000,000 to 10,000,000 customers. That’s not easy for a regulator or a tax authority. So, there’s the regular regulatory component. That’s got to be there. Then there’s the trust management and then there are just a few more technical issues that I think have yet to evolve. It all comes down to running a business. It takes money and capital to get all these users you want to get. If the technology works, that’s great, but onboarding users take resources. How do these projects plan on doing that? It’s just a missing component of every single white paper that tries to go after that who isn’t trying to build a centralized business to oversee it.
I think philanthropy is wonderful and when people are talking about decentralization. It’s a great idea and it’s philanthropic and it would be wonderful if the world could work like that. But there’s never been a business model that has worked without generating revenue. There isn’t one. Everyone’s tried, but you can’t name one that doesn’t have to generate revenue at some point or another.
Even if that revenue is simply generated to make the action happen, the hardware, the software, the bandwidth, someone’s got to pay. So, if you’re decentralizing, how do you get paid? How do you police it? How do you manage it? Why not stick to a model that works? And it’s not just about centralized coin exchanges. It’s not just about front-end institutions. This is a model that’s worked since the first inhabitants of Earth swapped a bean for a stick or can I give you my dinosaur to cook while I bring you a giraffe? I don’t know, but you can’t have a society without an exchange happening of some value in exchange.
Even if I go to a coffee bar with you, here’s the simplest thing. I would say, hey, I’ll meet you for coffee, on me I might pay for the coffee, but guess what? We’ve sat down and exchanged information. I’ve gotten something out of it. How do you do stuff without exchanging value? It’s push and pull between advancing technology and proving the model works but then what’s the incentive to run it and popularize it because you’ve got that whole chicken and egg problem. We need a bunch of users for this to work efficiently, but we’re not going to make any money doing it. Hopefully, we’ll see how things play out in the next couple of months or years or decades.
I’m down for decades and a lot of failures. We’ll be there watching them saying we’ll help you if we can and hey, go and play guys, but come back here when it doesn’t work because we are going to be here. What are your thoughts on Bitcoin dominance in general compared to all the other coins out in 2018? So, what does a cryptocurrency landscape look like if Bitcoin happens to fall down to, let’s say, 15\% or 10\% of the market?
Does Bitcoin really dominate or is it just big? If you look at the exchanges and watch the traffic, can you see as much traffic taking place and as much interest in the CoinCash or 21 Million or Kenya or any of these things? They’re all there and people are trading them for various reasons. Mom and pops are going to be doing this to buy a new car.
Someone else purely looking as a store of wealth and other people are looking to dominate a market. So, I’m not sure that you could say Bitcoin dominates. It might be the largest store of wealth at the moment. Does it dominate people’s thinking? I’m not sure about that. If you’re a coin developer, it’s your coin that’s dominant in your mind and you’ll go after a particular vertical, even a geographic market. So, you have the potential to develop your store or your story within that business scope.
Why does Bitcoin dominate? Simply because it was seen as an opportunity? Is it dominated because the people who trade in Bitcoin put so much faith in it being a store of wealth or an opportunity for capital gain? But a lot of those people have run away. That’s why it’s not $20,000 at the moment. It’s just trading between 8,000 and 10,000 in there. So, it stabilized. So, what if it fell over? Some people will lose money.
It’s not going to change the blockchain, it’s not going to change our thinking about cryptocurrencies. It’s not going to change Cryptopia’s approach to the market. It might dominate in volume. I’m not sure it’s the dominant force supporting cryptocurrencies. I see what you’re saying. It might just be a dominance of user acquisition because there’s a larger chance they heard of Bitcoin instead of Ethereum if they have heard of cryptocurrency at all. So, it’s like the gateway crypto.
Take care that people aren’t saying Bitcoin just like a Hoover, the vacuum cleaner. Every vacuum cleaner for 20 years was called a Hoover. That was the dominant brand. Hey, I’m going to Hoover the floor. What they meant was I’m going to get my vacuum cleaner of which there are 80,000 different makes out there now and they’re going to vacuum the floor, but they just called it a Hoover. So, I trade in Bitcoin.
I’ll bet you someone who says, yeah, I trade Bitcoin, he’s only saying bitcoin because he knows or she knows that people understand that you’re referring to a cryptocurrency. If you say to someone I trade in Clearpoll or CoinMedic3, they have no clue what you’re talking about. They go what is that? Oh, it’s Bitcoin. Oh, I get it. If you went home to your mom and dad and they asked what are you doing? You’d say, oh yeah, I’m trading cryptocurrency. They’d go, oh? What’s what? You’d go, Bitcoin. They go, oh, that thing. Bitcoin Cash is competing to be known as the Bitcoin for a reason. In the next four or five years, there are millions of people that haven’t even heard of crypto that would probably receive a lot of benefits from being onboarded into the cryptocurrency world. I’m not really sure how what they get onboarded to first matters immediately, but I know it plays a substantial role for a lot of people.
It’s an initiator. It’s a keyword that attracts them to the space that we’re in. It’s simply because it’s got brand dominance in the public persona. If you say a Bitcoin, most people know you’re talking about that strange online thing that no one understands and there are a few other coins, but we don’t know what their name is. As soon as they hit an exchange, if they really want to try it, they’re going to look at the next one down and say oh, I didn’t know that existed. They’ll make their way right to the bottom of the 2,000 list.
So, I really don’t think we should worry too much about dominance or anything that’s measured in that way in the space because the variables that change our value perception on any of these products is a mystery to everyone. A rumor can cause change overnight and things like that have happened. Guess what? They also happen in traditional exchanges.
Go to the London stock exchange and you’ll see a piece in the paper tomorrow that prices rocketed or have fallen over the next day because the public is there. The public is there late, remember. If you see it in the news, it has already happened. That’s the same thing for this. So, what are your favorite projects out right now?
It has to be blockchain focused. I mean, coins seem to be a tool that are being used to raise capital, raise awareness, create hysteria over or some fun. Some of them, and I believe it’s very few of them, I wouldn’t like to statistically put a number on that, but I think it’s very, very few have actually got a basis of a typical good investment. Is company strong behind it? Do they have good ethics? Why are they doing this? What’s it for? Or is it just to raise money?
When they’ve got money they can go, oh, look how much money we’ve got. Let’s do something. That’s not the way to grow a business. Somebody has to have a good story that’s technically supported. It has to have social value these days. And that means is it good for mankind? Is it going to save the planet? Will it do something? Create manufacturing? Whatever it is.
Hey, I’m not a philanthropist. I’m not saying you’ve got to do something to save the planet. But the youth of today are much more conscious about anything we/they do is about social conscience and social values and responsibility. So, for me, any of those projects, whether they be blockchain based or coin based that do something more than just making money for a bunch of guys, so they can go buy a Lamborghini, gets more of a look and support from us than the others.
There are ways of going and creating wealth for yourself than preying on opportunities that exist simply because exchanges listed them. So, we’re very careful about that. So, I wouldn’t like to say at this stage, we have anyone in particular. We do have some businesses we’re looking at, but they all are very well rounded in terms of their sales pitch. It’s ethical, it’s got a good background.
They have strong management, a history. They’re well-funded already. They’re not just grabbing money to then decide what they’ll do with it. Well said. The one point you made about how these projects need to be ethical and how that impacts those business models because again, you tap into to the same vein of projects that are looking to substantially change industries that had been stifled by inefficiencies or corruption.
It stretches a long way. If you find a solution that bugs business and usually if it bugs a business, it bugs and effects people, consumers, in some way. That might just be, where it’s blockchain related, securities and tracking things to make this whole trust environment that we live in. The point is we say we can trust but we can’t trust.
Everything we do is about trust. We get lawyers to look after our trust issues and we shake hands and we still wonder whether it’s a deal. So, solving trust issues globally is probably one of the biggest benefits to mankind because once we solve the trust issue, you can then be positive or confident that something that you want to happen and agreed to happen is actually going to happen. If it doesn’t happen, it’s not just about the broken trust. It’s then about the finances involved before you got there.
That’s all gone. The future has all gone around that business model. So, trust management in blockchain and around coins and around exchanges, decentralized exchanges, is probably the biggest thing we have to deal with. Which takes me back to my core development program right now, which is developing a trustworthy exchange. Make it clear, unambiguous. Make it reliable, deliver what we said we were going to do. What does a day in the life of Alan Booth look like? What do you do for fun when you’re not doing exchange type things? If there’s even time for fun.
If you’re running an exchange, it’s 26 hours a day to run an exchange. If you can squeeze another hour in, you might find some fun. This is probably my last employment opportunity. I’m in my 60’s. I’ve spent 50 years being an entrepreneur and an arm waver. Wave your arms and see who’s taking notice and make something happen.
So, fun for me is actually the exploitation of a business opportunity. I go to bed hoping that I wake up in the night with an idea to scribble on the pad. I come to work a very early. I’m up at 5 am. I get here at 7 am if I can with the work already done. I don’t want to arrive at work and look at emails. If you’re looking at email and other stuff, it’s other people’s requests on your time. I’m going to arrive here being creative.
I want to arrive every day going, I’ve got nothing to do except be creative and compel all of my employees and partners to support that creativity and bring their own creativity to it. So, you couldn’t have more fun than that, could you? What else is there? Just to make stuff and see people get excited and give them the opportunity.
But when I’m outside of this, hey, I liked to fly light aircrafts. I ride fast motorbikes. I do guy stuff, and when I’m not doing guy stuff, I’m at home helping my wife in the garden. Just an ordinary guy. Most of my daylight waking hours is about being that global entrepreneur with regard to this huge global opportunity which is let’s change the world.
It’s like moving from coal to steam, steam to mechanization, mechanization to electronics, and now we move into the digital age and we’re in it. What a fantastic place to be. So, how exactly do you do that? Do you just wake up earlier and just get everything done at 5:00 AM?
There’s never enough time in the day. What it is, it’s being super critical about what’s actually important. If you open your email when you get to work, I will guarantee that you will sit there procrastinating and jump between emails. Most people don’t work from the top to the bottom or the bottom to the top. You’re a little bit selective, so already you failed to do what people expect you to. Email and inbound inquiry are other people’s expectations of how to use your time.
They’re imposing their requirements on you. So, you’ve already allowed yourself to be managed by outside rules. You’ve got to arrive at your office with nothing that interferes with the creative process of why am I at this office? Why did I come here? I came here to understand what we’ve got. So, that’s a constant job. To work with the clever people that you have employed. I have a major role in employment and myself. Only employ smarter people than yourself, only.
Because if you’re employing people that aren’t smarter than you, you’re going to have to tell them what to do and you don’t have time for that.
Now, employing people smarter than yourself, for me, that sets the bar quite low, that’s easy, so I get really good pickings. But, generally speaking, you need to employ the best people and get them going and then you’ll be so busy running around trying to keep up with him, not them keeping up with you, that you actually have no time for all that outside noise. You’ve got to impose on the world what you want, not the world imposing on you what they want. Turn it around.
Every time I have a conversation with somebody, it’s about what I want, in the nicest possible way. We will listen to inbounds but we already have a path to follow. If you start following other people’s paths, you’re not going to get where you want to go.
Here’s the thing. I’ve been a business mentor for probably 20 years.
Mentoring basically new CEOs. New CEOs, it’s the loneliest job in the world because it might be your first CEO job, so you can’t talk down because those people below you expect you to be the boss, so you can’t ask them. You can’t talk up because you’re the CEO. It’s no good asking the board, they’re looking down at you. You can’t talk sideways because they’re your competitors. So, the first year or two as a new CEO is the loneliest place on the planet.
So, what you have to do is be entirely focused on what you need to get done and that is by changing what you used to do before you became a CEO or a boss. What you used to do is respond to every bit of noise that came at you and it filled your day up until you went nutty. Thank you!
Cryptopia CEO Alan Booth on the Cryptocurrency Exchange Realm
CoinCentral's owners, writers, and/or guest post authors may or may not have a vested interest in any of the above projects and businesses. None of the content on CoinCentral is investment advice nor is it a replacement for advice from a certified financial planner.
Alex is the Editor-in-Chief of CoinCentral. Alex also advises blockchain startups, enterprise organizations, and ICOs on content strategy, marketing, and business development. He also regrets not buying more Bitcoin back in 2012, just like you.
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