I had the pleasure of interviewing, Dimitri Chupryna, a co-founder of TaaS Fund. Dimitri focuses on portfolio management, business development, and risk management at TaaS Fund. Before founding TaaS Fund, Dimitri earned a BA in Economics in San Francisco and worked in numerous Silicon Valley startups.
— While completing my studies at University of San Francisco, I was curious about financial markets, and what made prices move. At the same time, in 2013, a friend invited me to a Bitcoin hackathon hosted by Balaji Srinivasan. I immediately started absorbing as much information about the technology as I could, and it culminated in 2016, when I co-founded TaaS fund.
Although born out of a cypherpunk movement, Bitcoin prices are prone to exploitation and manipulation — strictly because it is a young and developing market. To prevent that, regulators must (1) demand transparency from exchanges to prevent wash trading, spoofing and front-running. Blockchains are public by design, and so innovative regtech may be used to (2) monitor transactions to identify fraudulent activities and money laundering. With the rise of Initial Coin Offerings, the public rushed to invest in sub-prime projects, lowering investment standards and giving scammers a podium to shine on. Smart regulators need to (3) define the legal status of ICOs, (4) set global- or nation-wide minimum parameters for running a token sale, and (5) monitor transactions to enforce the proper use of funds.
A crypto firm in 2018 needs to understand how to achieve a product-market fit first. We are in the very early stages of the adoption curve, and whoever comes up with a product that masses will truly need is going to get a significant market share for years to come.
To be a successful trader, one needs to (1) bet against the consensus and (2) be right. It is more than difficult to achieve them at the same time, and things often take unexpected turns. To stay sharp and be able to beat the market consistently, a trader must let go of emotions, analyze the situation rationally and take decisive actions, according to the plan.
I think there are great lessons to be learnt from the past, so I try to read and analyze different historical events to identify similar patterns occurring today.
I am going to London for “Major Crypto Conference” and “Malta Blockchain Summit” in the next few weeks.
“A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets.” (Jesse Livermore) Applying this wisdom to financial markets, I think this quote goes far beyond them. To succeed at any job and in life, more generally, a wise human must be radically honest with himself/herself. It helped me many times in my life to step back and take a look at my decisions.
You can follow me on Twitter at @dimitritaas