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“I’m following this Cryptohopper, which allows me to buy the top 10 coins on the market on a regular basis. It’s the most risk averse strategy you can have.”
In the early days when the forum was still flooded with Bitcoin suspicions, Satoshi Nakamoto said: There have been many changes since 2008 when Nakamoto published a white paper introducing the concepts behind Bitcoin and blockchain. From that year, the entire industry was born CryptohopperAn AI-led trading bot that hosts over 9 million transactions a month. Founded in 2017 by two Dutch brothers Ruud Feltkamp and his brother Pim, the company has rapidly evolved into a leader in the automated crypto trading industry by allowing users to automate their trading strategies. ..
Ruud, well known in the Netherlands for his acting career, Lover or loser (2009), Little ram Soap called (1999), Good Times, Bad Times (1990), taking a precious time from his busy day, talked to Blockchain News about his company’s future, Web3, and cryptographic regulations.
BCN: “Last November, the crypto industry’s market capitalization tripled to $ 3 trillion, but the market experienced turmoil primarily due to regulatory uncertainty, despite several factors driving growth. doing.
Cryptocurrencies are often thought to operate outside the limits of national regulations, but in reality their valuations, trading volumes, and user bases are substantially responsive to news about regulatory measures. Based on the recent significant capital inflows into the market, cryptocurrencies appear to be immune to frequent regulatory crackdowns. Do you agree with this? How do you think regulations will affect the market capitalization of crypto in the near future, for example five years? “
Ruud: “I think a lot of people who don’t know much about cryptography see it in a negative way. I don’t think it’s right. Regulations are inevitable and good for the sector. I think that’s the case. So all financial markets are regulated, right? There’s a reason. I think that’s a good thing, but at the same time, regulators are facing entrepreneurs, they have. You also need to understand the challenges that are, and not always. In the Netherlands and Europe, I think they listen very well, but the only big thing is obviously all. It means that the countries are the same but have different kinds of unique regulations. In Europe, licenses are required in every country, but in general I think the regulations are good. It’s one.
But your question is, are cryptocurrencies immune to frequent regulatory crackdowns? No, I don’t think cryptocurrencies are gaining immunity, but I think the fact that there is a regulatory framework now allows large parties to enter the crypto. Earlier, when we started Blockchain News in 2015, there were mainly cryptocurrency consumers, mainly whales, and people with lots of money. And recently, we’ve seen more institutional investors intervene, for example in the last two years. I don’t think cryptocurrencies themselves will be affected by the crackdown on regulations, but I think that’s why the sector is mature and that’s why cryptocurrencies are doing well. “
BCN: “Should banks move to digital currencies?
This quote can be found on the IMF website. If the CBDC is carefully designed, it has the potential to reduce resilience, security, availability and cost over private digital money. That is clearly the case when compared to unsubstantiated crypto assets, which are volatile in nature. And even better managed and regulated stablecoins may not be a perfect match for a stable and well-designed central bank digital currency.
We know that the central bank’s ingenuity has boosted the move towards CBDC.
What do you think of this statement? Can CBCD no longer be considered a cryptocurrency across banks? “
Ruud: “It depends on how you define the crypto. If you define the crypto to be fully decentralized, no, but from a technical point of view, yes, it’s a crypto. Not too bad. Cryptocurrencies sometimes see banks as evil, but they don’t. They are run by people and make mistakes, but the Euro idea is generally good. , I’m working very hard. If you compare with another like Stablecoin, say something like Tether, or Central Bank-backed, essentially the same, Tether or Cryptocurrency Euro. , What do you have, if anything? “
BCN: “Do you think the crypto itself is the whole blockchain idea that doesn’t have to say insurance companies, banks, etc. That is, shouldn’t we move away from the government-run situation? The move to the CBDC is for that purpose. Would you like to beat it? “
Ruud: “I love DeFi, for example decentralized insurance. But people have problems with inflation and banks and governments printing money, and I need to explain why they do so. But still people. They hate governments that do it, so they go to assets like Bitcoin, but that doesn’t mean the euro is bad. You go to a snack bar and have fried potatoes with mayonnaise , That’s what we eat here in the Netherlands, and you want to know it will be 1 euro 50, and hear you say you don’t want, this is all for today, and you every time You have to make some calculations, so it’s never completely stable, but the printed money has some convenience and some stability in the price, so I think that’s a good thing about the euro. You know exactly what that means in terms of value. “
BCN: “This is what we see in El Salvador and it’s volatility. This is something the average person doesn’t like about it.”
Ruud: “But that means people need to store money in euros in banks. I don’t know, but let’s say it’s between 5-12% every year. Well, now. Everyone thinks it’s a bad idea to deposit your money in a bank. “
BCN: “Invest in cryptography …”
Ruud: “Just. So, in that case, the CBDC is a good thing. Stablecoin needs to be worried because it is supported by someone who may be more reliable than anyone behind it. , Both need to establish their position in cryptocurrencies. “
BCN: “How do you see the future of Web3?”
Ruud: “In a nutshell, Web 3 is the data owner, and in some cases, the data owner, who suddenly became able to play various games in 3D on the Internet before playing games in 2D on the Internet. Uses valuable in-game currency outside the game. Because you are the owner of decentralized data, instead of using a social network like Facebook, you own the ownership of the data you publish. Use a type of social network. For example, if you post a photo to Instagram, you will no longer be the owner of that photo and Instagram will be the owner. Therefore, if you have an encrypted Instagram, your account If you forget your password, you will run into problems because there is no one who can help you, but also if you post a photo, it’s yours and you If you want to take it offline, you can do it and basically no one can block you. That’s all about Web3. “
BCN: “That’s very good.”
Ruud:“I’m a big fan of what’s to come. There’s a lot of inspiration and a lot to talk about, but not all of it is great. Perhaps it already exists, so decentralized messaging services are easy. It’s very easy to create. It’s also very easy, but it also means that criminals and terrorists can send messages to each other without human intervention because everything is highly encrypted and can’t be blocked. Being the owner, you can’t control it there. I’m not saying that Web 3 is bad, I love where we go, but we also need to understand that there are risks. As a community, we need to understand what risks we are exposed to. That’s all. And how much we value our own privacy, control and risk.
BCN: “And finally, I would like to ask you about Cryptohopper and its future, pipeline content, platform changes, and partnerships.”
Ruud: “A lot of things are happening right now, but the problem is a bit premature, so I can’t tell you most of it yet, but big things have happened and we’ll be able to do it by the end of May. If you go, please tell me more about it.
What I can say right now is that soon this product hasn’t been announced yet, so it’s a scoop, and the product comes out and we call it a copy hopper. This is basically a complete hands-off copy transaction. For most novice traders to experience and use Cryptohopper. Hopper is clearly an automated trading platform, and traders of all kinds get automated trading. This solution is for our true beginners. Those who want to step into automated trading, those who are looking for something handed over, easy or cheap. It is currently in beta and has no official release date yet, but will be released shortly.
I’m often asked, “Mr. Ruud, I don’t trade cryptocurrencies, but I want to use Cryptohopper, what should I do?” My standard answer is to trade cryptocurrencies first. Once you get started, it’s about seeing if automated trading is something for you. It’s a bit tricky, and you need to know something about cryptography. You can use Copyhopper to copy someone completely, but we also offer what is called an index investment. So, you basically say I’m following this crypto hopper, which allows me to buy the top 10 coins on the market on a regular basis. It’s the most risk averse strategy you can have. This is the easiest way to invest with minimal risk. And that’s also possible with a copy hopper. This is Cryptohopper’s entry-level product, and we hope that in the end, people will be able to experience what else they have to offer, such as AI trading. “
BCN: “Thank you for the interview. Keep following Cryptohopper, do your best on the platform.”
Ruud: “you’re welcome.”
