We can’t deny the growing impact of cryptocurrency and how it can change the world. Unfortunately, it can be difficult for the community to get past the pervasive narratives surrounding it that paint crypto in a negative light. Erin Pimm is trying to cut through that and find her voice in crypto, supporting women who can change the narrative together. She joins Halle Eavelyn in this episode to share with us her journey in this industry; not only that, she tells us from the perspective of doing crypto in Australia. Erin talks about the challenges and fears she encountered along the way, as well as the strategies and tools she found that helped her. So tune in to this conversation and allow Erin’s story to find your voice and take a step into this disruptive technology just as Erin found hers.
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Finding Your Voice In Crypto With Erin Pimm
I am here with an old friend of mine. She’s not old but our friendship is old at this point. We have known each other for several years. Erin Pimm and I met because she came with me on one of my tours to Egypt. We got reconnected during my experiences with coming into the crypto space. She has graciously and I admit somewhat reluctantly, agreed to talk to me and I’m so excited.
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Erin, thank you for being here.
It’s my pleasure, Halle. I’m excited to share some of the lessons that I have learned and my journey in crypto like the crypto market had its ups and downs.
Erin is Australian. She’s living in the land down under. That is interesting to me because most of the women that I had on the show so far as guests have been American or Canadian. I interviewed at least one person who was Australian but living in the United States. I’m excited to have you on. My crypto broker is an Australian. I’m interested to hear what’s going on over there. What does crypto look like from an Australian’s perspective?
I can only give you my frame of reference for my crypto journey here. It started back in the US years ago. I lived in Seattle up until 2011. I was very much involved in this tech bubble there. Cryptocurrency, Bitcoin specifically, came across our radar. In the early days, people were still talking about using Bitcoin to pay for their coffees and pizzas. Can you imagine if you’d used five Bitcoin to pay for a coffee?
I know people who did.
It burns a hole in my heart thinking about it but I’m like, “That could be my retirement fund if I paid for a pizza.” It’s one of the things that brought me back to crypto a couple of years ago. Here in Australia, we do have a little bit different regulations than the States. We have different platforms than you do and tax implications.
You have different weather. If anybody’s watching this on YouTube, you’re seeing this but if you’re reading this, you’re missing the fact that I live in Miami and it’s August 2022. Erin lives in Australia and it’s August 2022, which is winter there. She is bundled up and I’m practically naked. It’s an example of the complete contract here and there.
I’m in the Southern part of Australia. It’s pretty much the coldest other than Gippsland. It’s not a great dividing range but it’s where the majority of the ski hills are. It’s a little bit colder there but we are the coldest spot in Australia. There are some different implications here in Australia, specifically around tax and the different platforms that we can use.
In general, all the reasons why I would use cryptocurrency all the methods that I do would be similar to the United States. The majority of my teachings or learnings have come from the US. The adage is true. Everything I learned on YouTube. It’s a great place for resources. It’s somewhere that I turn to daily to keep up with markets and learn the most recent news. That way, I can track not only my portfolio but what I feel is trending in the general overall macro view of cryptocurrency.
You talked about around 2012 and the idea that we could buy a pizza or coffee with Bitcoin because it was worthless compared to what it is in 2022. When was it that you first got into crypto? What was it that drew you into it?
It’s a bit of a harrowing story, quite honestly. It was about 2017. My ex and I had sold our house in Seattle. We had been over here for 6 or 7 years already. One of those interesting learning journeys is we bought it before the GFC happened. We bought it in 2006 or 2007. Almost immediately, we went far underwater in the house.
When we decided to move to Australia, it was originally going to be a couple of years and an experimental trip, which ended up being a permanent move. We maintained our house in Seattle until we found that the market had bounced back and we were at another peak. We decided to sell our house. The challenge was bringing currency over to Australia. There are some big implications, both in taxation and how you move money around. One of the easiest ways to do that was through cryptocurrency.
That was the forefront of, “How do we do this?” We didn’t end up doing it that way but I ended up loaning my portion of the house to my ex who started up a mining farm here. He started mining Litecoin and setting up a business here. I loaned him the portion of the house proceeds to start up that business. That’s how we started our cryptocurrency vision.
[bctt tweet=”Everything I know, I learned on YouTube.” via=”no”]
With the volatility and the crypto market, the ups and the downs, we know what happened right after the peak of 2017. The business almost immediately failed because of the cost of the electricity to mine when the price at the time he was mining Litecoin. There are different miners and machines required for different types of mining, whether it’s Litecoin, Ethereum and Bitcoin. At the same time, the replacement value for those miners was dropping rapidly and becoming much more expensive. First of all, fewer profits in mining because the value of Litecoin at that time and everything in the market dropped rapidly.
The cost of energy rose exponentially here in Australia. The asset miners ended up becoming incredibly expensive and it was untenable to do that business. At that time, I was getting paid out in profits through Litecoin, converting Litecoin to Bitcoin, paying bills and doing a few other things like that. That’s where I dipped my toes into cryptocurrency. I ended up walking away from it for a couple of years because I had other priorities but it has only been in the last couple of years that I have heavily started investing again in DCA into multiple different types of cryptocurrency.
When Erin says DCA, she’s saying Dollar Cost to Average, which means buying it regularly instead of buying at a particular price point. It’s a way to minimize your risks, certainly your emotional risks, because if you know like, “I’m buying Bitcoin every Friday. That helps. It doesn’t matter what the price is.” For a lot of people, dollar cost to averaging is also considered a good way of making sure that you are protected against those highs and lows. Thank you for sharing all of that.
I’m curious. You were talking about paying bills using Bitcoin. You didn’t say, “I was converting that Litecoin to cash.” You were saying, “I was converting that Litecoin to Bitcoin.” That’s interesting. What was it like to set up your crypto wallets and try to transact? If you were doing that in 2017 and 2018, some people were taking it but it was certainly not the adoption that we’re seeing in 2022, which is still pretty nascent. What was your experience there?
Quite honestly, I can’t even recall. When I first started stalking crypto away, it has been a while but it was Coinbase that I was using, also CoinJar. They were wallets that I was using to transfer and do minor trade exchanges. At that time, few cryptocurrencies were available for trading. I believe that Coinbase had Bitcoin, Litecoin, Ethereum and a few others. It was easy to trade them at that point.
As long as you had one wallet, you were able to use a website here in Australia. I use a couple of different websites but the website I used back then and I still use occasionally was called Living Room of Satoshi. It’s specifically on an Australian-based website. I was put onto it by someone else who said, “You can pay your telephone bills and water bill.”
Here in Australia, we have a national payment system called BPAY. As long as you are registered with BPAY, you can do direct payments. This was before Osko and all the instant payments came through or were available. It still was a three-day process of paying your bills. You had to go through how many different layers of payment before it would settle. This was instantaneous.
It was easy enough for me to put my BPAY and my account number in my Living Room of Satoshi. It would give you a wallet address to send it to. I would send a copy or use the QR code, copy that from my wallet and send the exact amount that is required because the way they make their money is on the arbitrage of currency exchange. They would say, “This exact dollar. Here’s your QR code or wallet address. Send it.”
Some blockchains take longer than others. Some are more expensive than others. Depending on which chain you were transferring that on, it would either be instantaneous or could take up to 20 to 30 minutes to see that. Everyone had that moment when you’re transferring money from wallet to wallet, you can see that it’s gone out of one account but it hasn’t led to the other. It’s like this heart attack sitting at the desk, refreshing your screen, waiting to see if the money has been transferred properly.
Imagine making an online payment through your bank and you’re like, “Why didn’t they get it yet?” We don’t think like that. We’re like, “It is going to take a week.” That changes it.
Everyone had the experience at this point too because this was a big learning experience for me. Everyone had that experience at some point using the wrong chain to transfer from wallet to wallet. I have a MetaMask wallet. I don’t know why I have it. I got six different chains. I got Polygon, Ethereum, Financechain and Ava. I can’t even remember what else I have in there.
On top of that, I got all the native wallets sitting. I’ve got a Polkadot wallet, Luna wallet, Cardano wallet and all of those. I consider myself fairly savvy and nerve-wracking to move money back and forth from Coinbase to Binance, from FTX to Coinbase or whatever it happens to be. Unless it’s Ethereum or Bitcoin, you don’t know which chain it’s necessarily transferring on. It’s scary. The whole idea of transferring a tiny amount or the minimum amount possible on your first transfer to make sure that it does land up in the wallet, that you do have the correct addresses and transferring a larger amount was the lesson that I had to learn.
Voice In Crypto: There is a lot of volatility in cryptocurrency, specifically that the opportunities for the expansion of that money are tenfold compared to property or stocks. You need to be very careful.
It’s interesting because they are saying that there will be one billion people who have adopted using crypto within the next years based on the current rate of adoption. While I find that that’s probably accurate, the idea that you’re going to be scared while you’re doing it is concerning. That’s the thing where everything is speeding up with time. I feel like there needs to be a quantum leap in technology to enable people to do that from a place of safety and not fear.
I’m on a lot of local news shows on TV. The usual question that I get from an interviewer is, “Is crypto safe?” I tell people, “It’s a lot like your Apple Pay. You stick your phone down on the top of the cash point. The transaction happens within a couple of seconds. You’re not worried about it. If it says approved, you’re done and off to the races.” That is what most people will see but that fix needs to come in with the technology so that we’re not scared. We don’t have to have our hearts in our mouths as we’re trying to make that transaction.
There’s still a usability factor in cryptocurrency. You still have to be somewhat technology savvy to do that. I’m also finding that regularly, there are systems that are making it easier. I found one here called BitPay. It is like your standard wallet and platform. It has a debit card and credit card that you can use with Apple Pay. I can tap and use that crypto card. It’s a prepaid system, depending on which cards you go.
There is that system and there’s something like Crypto.com. It does the same thing based on the level that you have. It’s like a standard credit card and it integrates with your Google and Apple Pay. What we need to truly have that parabolic curve in adoption are those simple, usable, 100% complete trust systems that are accessible to everyone on a mobile phone.
We’re getting there slowly. We have been through the wild west of adoption and we’re much stronger for it in the long run but for worldwide adoption, it is going to require a simplified system where I know that I’m getting paid into my bank account. My bank account instantly takes that and puts that on my crypto card or transfers it to whatever wallet. I can spend it directly from that wallet if I want to.
You said something else that I wanted to ask a little bit more about because it’s important. You said at the time you were getting paid in profits from Litecoin mining. That meant that you were paying your bills through passive income created by crypto. I wanted to ask if that felt different for you than making that money from a trading time for dollars perspective.
I need to clarify that and I might not have been clear the first time around. I was getting paid my loan through cryptocurrency through Litecoin. It wasn’t passive income. I wasn’t passively making money on that. I was using it in a hand-to-mouth type of way. I was getting paid back my loan in cryptocurrency. I was using that cryptocurrency to pay my bills. Instead of investing all of that into different types of coins or investments, that went into the business and the business slowly paid me back on that loan.
To give you a historical reference, I’m a single mom. I live in Australia. I have no family here and had no means of support from my ex-partner. I had to land on my feet and I consider myself a cat. I do have nine lives but I had to make ends meet at that point. That journey has changed quite a bit and I’m in a much better financial position.
I was thinking about some of the reasons why I invest in cryptocurrency. A big portion of that is I’m a super geek. I don’t have an IT background and the education for it but I’m an engineer at heart. I don’t want to call cryptocurrency flashy at all but anything that strikes me and comes across my desk as a disruptive technology, something that can change the financial system and put it back into our hands. There is the Gen X anarchist in me who says, “Screw the system. This is one of the ways that we can work our way around that.”
I’m still very much tied to the traditional standard financial system. I have done as much as I feel like I can that’s good for me to get out of that system. Not only is it the technology and the independent side of things but I’m a single mom and I have not had the ability to tuck away as much for my retirement as I would like to up to this point.
I also saw that cryptocurrency was probably the biggest opportunity for myself and generational wealth. Hear Michael Saylor, Ray Dalio and all of the Bitcoin maximalists talking about generational wealth. Bearing in mind that there is a lot of volatility in cryptocurrency, specifically that the opportunities for the expansion of that money are tenfold compared to property and stocks. I would always say that you need to be careful. You need to understand your risk tolerance and how to diversify your assets. There are lots of ways of doing that.
I diversify my portfolio specifically so that I have stock standard top 5 or 6 platforms. That makes up 60% or 70% of my portfolio. I have another 20% that might be in medium-risk assets and another 20% that are fairly high-risk assets. In venture capital, it’s only one of those pops that does a 100X. That’s all I need. We look at how the retracement in the cryptocurrency market has come back to where we’re at. We’re sitting at almost $24,000. When we saw those wicks go down from June 2022 to July 2022 to $17,000 to $18,000, it’s a generational opportunity to buy into cryptocurrency at this point. We’ll never see it lower than we will.
[bctt tweet=”There’s still most definitely a usability factor in cryptocurrency. You still have to be somewhat technology savvy.” via=”no”]
Have we hit bottom? I’m not sure. There might be a little way to go back down. We’re going to go up and down. We’re into this macroeconomic situation where the NASDAQ has gone up 50%. It has exploded again. Yet, the government is still raising interest rates and we’re still redefining what a recession is. I don’t think we’re truly through this at the moment. I’m setting my cash aside and waiting for those additional bottoms and wicks to purchase at lower pricing.
Instead of dollar cost averaging, which I highly recommend for someone who is not interested in watching the markets and doesn’t want to learn how to trade, the best thing to do is dollar cost averaging. You can do that through your bank account. You have a withdrawal that goes to your crypto wallet every week. You are making sure that you’re doing an automatic buy into 0.01 of a Bitcoin every two weeks, once a month or whatever happens to be the best way for you to average in every week.
There are a couple of things that I probably should have explained about what you said. I’m going to mention that a wick is a candle wick. The candle wick is what looks like on the chart when something is going up or down. I have a lot of sophisticated crypto people on this show and all of the women. You hold your own. I could see you getting a job in the crypto industry, which among other things, is extremely remote as far as the work goes. Nobody is going to care where you are, Australia, Canada or Seattle. It wouldn’t even matter.
I do want to mention to you that there is a desire to get more women into crypto. There is often not an easy place to do that. There is a bulletin board and it’s on Telegram where it’s called Crypto Jobs or something where they list it. I’m a member of a group. It must have started here in Miami but it’s about 1,000 women. It’s a lot of women in NFTs, blockchain and Bitcoin. There is a group for all of that.
The group that I like because I feel that there is the energy of women participating and supporting each other, which I found to be all over crypto, in general, is women supporting each other. That is a group called Tuttle Tribe. Julia Tuttle is the only woman to found a major American city. She founded Miami. Tuttle Tribe was named after her. There was a woman named Michelle Abbs who, I hope, is a guest on the show coming up soon. There are a couple of other women that found the Tuttle Tribe.
It’s a supportive environment. They are always posting, “There is a job opportunity here.” Cathy Hackl, who calls herself the Godmother of the Metaverse, has found a good niche marketing herself and her company by consulting with mainstream brands who are interested in getting into the crypto space for the first time.
Every company in the world either knows about crypto and is already involved a small percentage or knows nothing about crypto but knows it’s coming, sees the juggernaut and says, “How do I get ahead of it so that I don’t get mowed over?” For women who already have their heads wrapped around the space, there’s going to be a lot of opportunity to educate everybody. I’m doing it through this show but I think that you would do well as a consultant. I’m going to hook you up with the Tuttle Tribe people and every other place that I can find because somebody needs your vast expertise.
You may say, “I got this information about YouTube.” We get to a point where we have assimilated enough of it and begin to have that comprehension. We can begin to give that back cohesively, gives clarity and educates. We are the ones who become the experts after a while. I studied crypto for at least two hours a day for over a year before I launched the show. I was terrified to launch the show. Eventually, I was like, “I’m going to do this. Other women who are no more about it will come on. They will educate me and the audience at the same time.” That has been what’s happened, along with my continuing to get the information.
I haven’t said this out loud yet but I’m developing my first crypto project. I love it. As we’re developing the white paper, I’m like, “This needs to be explained like this.” Can we chalk that up to my years doing software development? Sure, but it’s more than that. It is understanding the market. I feel like we all start somewhere. You said, “2017.” I had a portfolio in 2017 but all I understood then was, “This is a new way to invest in money.”
I often tell the story that I went to my friend, who’s one of the Bitcoin OGs, in 2012. I was like, “Tell me about this Bitcoin thing.” I couldn’t get any of the guys in my life to begin to mine it. On the one hand, I’m like, “This is tragic.” On the other hand, there are so many stories about people who had all that cheap Bitcoin and didn’t do anything with it.
I got family members who were in Ethereum when Ethereum was 0.00. Eventually, when it got to the point where it was $1 a coin, you were like, “Thank goodness.” You sold it immediately because this thing was unknown. It didn’t make any sense. It was probably going to go on the toilet tomorrow because we didn’t understand the future projections of the industry. There’s so much opportunity for you and women everywhere as we are still early in this process. I’m going to hook you up.
You speak to a lot of the points that hit my heart specifically but the reason that I’m in crypto and I don’t want to say blind trust but sometimes some days, it feels like blind trust, especially in early 2018. If you had invested in 2018 when we hit the bottom of the market, nobody can time the top or the bottom but if you had the conviction at that point to invest, you would be sitting a 1,000X in a lot of those coins. What would it have cost you to invest $1,000 back then to have the returns that we have in 2022?
Voice In Crypto: Nobody can time the bottom, but if you had the conviction at that point to invest, you’d be sitting a thousand X.
Those returns are gradually diminishing. We’re not going to have those types of returns on a lot of coins. There are a lot more scams in the market. It behooves you to be careful about what you’re investing in and whom you’re investing with. I truly believe in the whole, not your keys, not your crypto thing. I spread my portfolio across multiple wallets. I have small bits of investing where I leverage trading on certain platforms. Others are investing in trading because I get much better rates on them.
For a lot of women, it can be daunting that whole technology side of things, whereas I believe when we talk about that whole orange pilling people and introducing them to Bitcoin, what it is, what the blockchain is and how this happens, we’re doing the same thing with NFTs and having to explain to people what NFTs are when people say, “They are a scam. It’s just a JPEG.” They truly not understanding the implications of what an NFT is and how that will change our world, not only with the impending metaverse that’s coming but in long-term data storage.
Your identity, medical records and music rights. It’s not real estate or fractionalization and tokenization of everything. The more that we can share our knowledge, I find sometimes it’s difficult to find my voice when I’m speaking to other women about this because of the pervasive everything in crypto is a scam. These narratives have followed along in the media for so long. There is a large portion of that out there.
You have to be careful where you invest, whom you invest with and what wallets you’re using. Do you keep it on a hard wallet or a cold wallet? What type of wallet you’re using or whether you’re keeping it on an exchange period? Trying to explain and get across those ideas of why the cryptocurrency is changing everything and how to get past that narrative, finding the stories or the implications. How is this going to affect your life years from now? How will you be using NFTs? How will your banking change? How will your investment strategy change? Why not sit down and learn a little bit about it and don’t be afraid?
It’s a fear of rejection in me that wants to slow down and not share as much as I have the ability to. I love the idea of women supporting women. I have a strong group of women and friends but I don’t know a lot of women who are involved. You are probably the first one that I have come across who’s involved in cryptocurrency and who supports it. Everyone else I’ve come across says, “It’s a scam. They’re doing the same things the banks do.”
Look at some of the stories and the things that have happened with the whole Terra collapse and Three Arrows Capital. I don’t want to put the scare stories out there or scare people into not thinking that they should be investing. Cryptocurrency has come to the point where the larger financial institutions and people who know how to leverage it properly are using it the same as the financial system for instant wealth, quick gains and all those bits and pieces. There is still so much manipulation in the market. You can see it. When I look at the tarot on a day when we have low volume, we see this massive wick down
SHIB went up 32% in one day. They said it was probably because of whales putting that much money and they didn’t have the volume.
They know exactly how to manipulate that market. For us to try and change that narrative, it’s impossible. You have to be strong as steel to be in this. The most important point to get across is that you have to have a long-term perspective on this. You have to believe that the layer ones and the coins that you’re investing in are going to be around for the long-term.
Will Ethereum be around 20 years from 2022? I don’t know. There are faster, smarter, better chains popping up every single day. We’re at that point where it’s critical to adoption and onboarding. The chains that are going to get the most adoption are the ones that are going to win. Ethereum is doing well because they got all their level to the arbitrum, the optimistic and the rollups. They got a lot working for them. They are also moving over to this whole proof of stake that’s going to change, supposedly.
If you’re reading this and Erin is talking over the veritivity top of your head, don’t worry because you don’t need to know all of this right away. This is crypto 3.0, I’ll call it. Not Web3 but rather the higher level learning than you often get on the show. There is nothing wrong with that but there may be things that you’re not familiar with. Tripped off her tongue, these three technologies are starting to be heard of and adopted like the ZK-rollups, for example.
The important thing isn’t that you understand the technology if you’re reading this. The important thing is that you understand what Erin’s principle is here, which is that you want to be thinking in terms of this for the long-term and not be thinking in terms of this for the short-term. The reason Erin knows so much about it is she has begun to research it. We fall down our rabbit holes.
Erin has her rabbit holes. I have my rabbit holes. Believe me. We spend lots of time down at the bottom of the rabbit holes exploring but these choices help us to understand what it is that what energetically we are drawn to. Ladies, remember, your intuition is a part of this process. They call it women’s intuition for a reason. You have a chance to get an education, which is the masculine side of things. It is the data and learning piece. Remember that crypto is a disruptive technology. There is something inherently feminine because to disrupt, you have to create. The creation aspect is the feminine aspect.
[bctt tweet=”Stick with it because you believe in the principle of what cryptocurrency is and how it can change the world.” via=”no”]
There’s this piece of crypto that most people aren’t taking into consideration. I do know a couple of women who are using astrology to predict crypto pricing. I haven’t found them to be more or less accurate than anybody else. They are also charting the heck out of things. If I were saying, “The moon is in Leo and the second sun is rising in. It’s Pisces and therefore, it’s a great day.” Cardano, that’s a different conversation from what the charts say, plus, I have this little extra boom because I’m using astrology.
It’s important that we not rely too much on our guidance. I will tell you that getting that education and relying on your guidance in combination. Erin is talking about some powerful, basic principles here, like trusting your instincts and also understanding that you’re in this for the long-term. Erin, I want to go back for a second to what you said about having a hard time finding your voice.
I hope that this episode will allow you to feel empowered that your expertise is vast. I have gotten to talk to some women who have been in the space for several years and study the stuff like crazy. You feel like you could hold your own with any of them. That is an important point for you to understand that you have a lot more expertise.
When we first get started learning something, we have a tendency to think of ourselves as still being there. It’s like, “I’m still in the kindergarten of this thing.” You’re in high school but not realizing that. In the case of crypto, all of you who are reading this, if you don’t know a thing about crypto, that’s fine. Everybody started there. I started there. Erin started there. Everybody I have ever interviewed on the show started there and not too long ago.
People call themselves OGs like the original gangsters if they were in the crypto space in 2017. For me, you got to be at 2009 to 2012 OG. You got to have known about Bitcoin the first day that Satoshi Nakamoto showed up and said, “Let’s do this thing.” If you’re getting into it now, there may be this feeling of you’re too late. You’re early. We are still at the early adopter stage.
Erin mentioned the Wild West. You all have heard me talk about the Wild West almost on every single episode of the show. There was a time when the Wild West was not yet wild because people were figuring it out and starting to get out there but because there was gold in them their hills, as they say, it grew up fast. When the gold rush ended, it ended overnight. It was like, “That was it with prohibition.” There was this definite start period and definite finish period.
Crypto is not going to show up like that. Crypto is going to show up much more like the internet. If you were following it, we are at about maybe 1995 on the internet adoption scale where there were several million users. We have not seen that quantum leap that we were talking about earlier that caused that first wave of mass adoption that will take us to that first billion people.
If we’re talking about that happening in the next years, that is pretty much mirroring the way that the internet showed up. That is the trajectory like when I got all my downloads about the show and the thing that started me off on this show. One of the downloads that I got was that the trajectory of crypto and the internet were the same. I got on the internet and that’s what everybody was saying. I was like, “Go figure because I love the intuitive guidance.”If we know that, we can plan accordingly and get educated. As Erin is doing, set money aside so that you can buy those dips.
I’m with Erin exactly on what she said, “I don’t feel like the bottom of the market is in. I’m setting money aside. I will have that money when the next big dip comes in because we will have a big rally after that.” Erin also said, “We’re going to start seeing diminishing returns because it’s not the huge volatility swings.” It means money can be made quickly and lost quickly. As it stabilizes, it still will be a big growth market going forward.
Certainly when it comes to Bitcoin, most people who know what they’re talking about are saying, “Bitcoin will hit somewhere between $500,000 and $1 million of coin.” Our $25,000 or as Erin was saying at the bottom of $17,000 or $18,000, maybe it will go lower than that before it goes up. It’s a short-term thing. In the long-term, over the next few years, we’re going to see some important shifts.
Erin, I want to address quickly that I feel like it’s important to hear a woman like you and hear that you feel alone in your crypto journey with other women. I don’t because I interview great women like you. Every other week, there is another woman on my show. I’m lucky I’m in Miami. I’m going to another crypto conference, room with a fabulous crypto chick that I love and hang out with all the crypto women for two days straight. I do that 7 to 8 times a year in my backyard.
For a lot of women who aren’t as lucky as I am to be in the crypto capital of the world, there is a certain amount of isolation. Between Clubhouse, Telegram and Twitter and LinkedIn, to a lesser extent, there are a lot of crypto live conversations where you can participate. That helps us to feel less alone. Having shows like this can make you feel less alone because other women are talking about this all the time and there is whom you choose to hang out with.
Voice In Crypto: As much as it is wonderful to have that backup and reassurance and have those conversations around things that we’re all passionate about, we still need to be very cautious about falling into this echo chamber of news and conversation.
I’m not saying get new friends but perhaps there will be other women that also feel alone and maybe would be willing to sit down and talk to you. I feel like more women are getting this call. Maybe they don’t understand it and don’t feel it as strongly as you do. You’ve been going on blind trust for a while. I also have to acknowledge you for doing that. That’s powerful because a lot of people are afraid to do that. You haven’t been. You have been willing to do that. That’s an amazing thing.
There are some women in Australia. It’s a big country but to go right back to the beginning of the story, I’m in the middle of the country. It’s difficult for me to connect other than online. There are some crypto happenings in Meetup groups in Melbourne specifically. That’s about a three-hour drive for me. That is a bit of a challenge.
There’s also a real concern that you can get yourself into an echo chamber. I find that with people who are passionate about what it is that they’re doing and for me specifically, it’s cryptocurrency. As much as it is wonderful to have that backup and reassurance and have those conversations around things that we’re all passionate about, you can have this echo chamber of news and conversation. I feel that’s also quite dangerous.
We have seen how that’s affected politics around the world in the last couple of years. I am cautious about this but it’s also because I spend a lot of time, like you say, two hours a day. I’m probably easily into that every day, whether it’s following my favorite chartists, reading and keeping up with the news cycle and what’s happening because it’s such a passion of mine, quite honestly. I’m hook, line and sinker into it at the moment.
I have one more question for you. What is one more thing that you want our women readers to know?
It’s not a piece of knowledge. It’s a piece of advice. I’m going to regurgitate this back to you. I have had a hard time following my gut instinct. I heavily invested in 2021, which is when we started to see the market dip heavily and a bull in November and December 2021 and drop radically again in 2022. Stick with it because you believe in the principle of what cryptocurrency is and how it can change the world. This is the primary reason that I’m involved. It’s a way of me having my independence financially, asserting myself and having control. It’s also me having trust in what I think is the best thing in what I can do for myself, my daughter and the world moving forward in general.
Thank you so much. This has been another episode with my guest, Erin Pimm. I am excited that I got your comments. I’m sure you’re going to have things to say about this episode. Please like and share it with all the women that you know like your moms, daughters, besties, wives, partners, everybody and all the women that you know. I want all of the women of the world to know about this future wave and the energy of money. Until next time.