For those struggling to figure out what the heck cryptocurrency, NFTs, and the crazy talks about web 3.0 is all about, Linda Akkoyan, also known as “Crypto Lia,” explained it in simple terms in a recent interview.
Linda Akkoyan has been in the crypto game since 2016 and spends her days reading, networking, investing, and trading. From defining crypto to explaining reasons millennials and others should invest in certain currencies and projects. She brings daily value explaining which crypto exchanges and platforms to use, this Montreal influencer with over 34k followers on Instagram made understanding this smart digital money easy.
What is cryptocurrency?
Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. The coins are digital assets that are cryptographically secured and distributed on a network. They’re created in many ways — each coin has rules or a consensus protocol that regulates these transactions and the circulation of the coin. So technically, users own wallets instead of bank accounts.
Why do you think millennials should invest in crypto?
I think millennials should learn about technology and the industry before investing.
Cryptocurrency offers an opportunity that is different from any other financial tool in the past because it’s not attached to a financial institution or a state.
As millennials, we have the unique chance to live through the old and the new financial systems. We need to seize that opportunity now. It’s so accessible for us, so, perfectly, we get into it today.
Which cryptocurrencies do you believe the most in?
I believe most in Bitcoin. You don’t need to own a whole Bitcoin, and you can own fractions of it. It’s always good to dollar-cost average while purchasing Bitcoin, meaning investing a fixed amount regularly. But then you have altcoins, which are all the rest, and there are over 10,000 altcoins on the market. You have Ethereum, one of the largest ones, creating a vast network of projects. You have VeChain that’s integrated into logistics and supply chain. Then you have Cardano, Stellar, and many more. Many of these coins have powerful technology behind them and will go up a lot in pricing. The coins are attached to a dev team, a community — they’re like any other business out there. It’s essential to invest in values that you believe in.
How can someone stay up to date with crypto trends and information?
The biggest hubs of info are Reddit, Twitter, Instagram, TikTok, Youtube, and Twitch. But don’t underestimate the power of socializing and networking with people in the space — that’s been key for me. For me, the best way to understand cryptocurrency is to start using cryptocurrency.
What advice do you have for people looking to start investing in crypto?
It’s always important to remain vigilant because there are a lot of scams in the crypto space. So, you have to be careful when it comes to opening emails. For example, you can receive an email from Crypto.com, not them. And watch out for people on Instagram. There are a lot of fake accounts that are going around saying, “Invest with me, and you’re going to make this amount of money.” The crypto space is fantastic, there are so many opportunities, and it’s safe. But you always have to be careful who you’re dealing with. Whatever you want to do, it’s essential to do it within the exchange. Be careful about all the scams out there because of many of them.
Follow Linda’s Social media pages for daily news, education and NFT announcements
https://www.instagram.com/crypto.lia/
https://www.instagram.com/nft.metaversee/
Published by Alex Mamutin
https://www.instagram.com/mamutya2.0/
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