Pavan Reddy Apppakonda: If You Respond Positively To Failure, It's Not Failure, It's Learning

Pavan Reddy Appakonda is an Indian entrepreneur who started his career as a technologist and then gradually transformed and expanded his prowess into Entrepreneurship and Investments

From being into Business, Pavan is also a nature enthusiast, an ardent traveller, a Political enthusiast, and an activist who is particularly passionate about animals and our planet.

Pavan is a spiritual dreamer who believes in the power of manifestation to accomplish his goals and in the power of continuous learning to expand his knowledge bank.

After travelling to many places and exploring multiple ethnicities at a very young age, he began his businesses and investments. Let’s start with a few essential topics on technology and digital assets.

Is Covid reshaping the software developer job market?

Globally, the COVID-19 epidemic has impacted practically every business. The good news is that the information technology sector is coping relatively well with the pandemic's problems than other industries and companies. Despite the high number of layoffs across all industries, demand for software development positions remains strong. Additionally, software development is a significant source of new wages. Digital transformation has accelerated, increasing demand for software developers.

When the lockdowns began, many sectors touted the widespread adoption of work-from-home as a major experiment on a never-before-seen scale. A favourable outcome was found in most cases, particularly for persons who work in high-tech fields that can be done from the comfort of their homes.

Whether businesses continue to use a work-from-home staff or shift to a more flexible office schedule, it appears evident that many positions will not return to the office in the same way. According to the survey, 60 per cent of respondents anticipate working remotely when the pandemic is ended.

What's your opinion on the current Crypto Crash?

In India, crypto initially gained prominence in 2013 when a Mumbai cafe declared it would take it as payment. Uno coin, a crypto exchange created the same year, allowed Indians to buy and sell Bitcoin. In 2013, bitcoin values increased from USD 100 to USD 1,000.

It was between 2012 and 2021 when crypto started to gain much attention. The price of Bitcoin is said to have risen to USD 65,000 in 2021, from just USD 3 in 2012. There was no wonder that many crypto exchanges started to come into being.

But now, Bitcoin is under pressure as investors anticipate the US central bank will hike interest rates more quickly than predicted to rein in excessive inflation. Additionally, investors steer clear of riskier investments like cryptocurrency as interest rates rise. Additionally, India began to regulate crypt.

Russian war on Ukraine prompted a sell-off in riskier assets such as bitcoin. Additionally, European countries wish to prohibit bitcoin mining within the European Union. The stock market regulator is concerned that mining cryptocurrency could harm the achievement of the Paris climate targets. Specifically, Russia's central bank wishes to prohibit cryptocurrency mining in the country from maintaining financial stability.

According to investors and analysts, the growing number of reported cases of the Covid Omicron version throughout the globe was already a significant factor in the recent decline in cryptocurrency prices. 

Because there are so many unknown variables and so much worry around the market at present, many traders have capitulated and taken a loss in the process. Individuals that believe in the long-term value of cryptocurrencies, on the other hand, will often see this as a buying opportunity and invest accordingly.

My thoughts on digital currency:

The NFT, crypto, or digital currency market has elevated individuals from poverty to wealth. Simultaneously, we have seen individuals lose more than half of their fortune. It may appear irrational how a single tweet from Elon Musk can shift the market's gears. As if he were in control of the market's end destination. Due to the volatility and uncertainty, even the most seasoned investors and traders might fear the market. 

Here are some investment recommendations for digital currencies to assist anyone in making the best investment selections.

Begin With Minimal Investments. 

Due to the significant volatility of the digital currency market, it is prudent, to begin with, tiniest investments. Conduct sufficient research. Increase your asset once you have familiarised yourself with the market.

Avoid placing large wagers.

Invest only what you can afford to lose, Pavan advises. Even if your risk tolerance is strong, begin trading with tiny amounts. After familiarizing yourself with the arena, study various coins and grasp their value and prospects before allocating additional funds.

Take one Coin and examine it.

First, proceed cautiously and purchase the Coin in which you have the most confidence. Maintain focus on your initial decision and track your progress before increasing your portfolio.

Whose accomplishments have most impressed you?

Elon Musk has certainly piqued my interest, even if I'm just a casual observer. Starting and maintaining a business may be a considerable undertaking. Successfully steering the ship can take up all of one's time and energy, from the crew to the company's mission. Elon appears to have found running a single company with tens of thousands of employees too easy, so he operates two. In addition, he owns shares in many ancillary businesses.

Because he innovated the rocket industry, he managed to break the government's stranglehold on that market, but there's still so much more that he could take. From an outsider's perspective, I have a great deal of admiration for Elon Musk.

Where do you see yourself in 10 years?

I am now working on a couple of new, challenging and fascinating projects, and I am pretty optimistic about the future of technology and where it will take us. Keep an eye out for more information.

What are three pieces of advice you can give to young people?

1) Never stop learning

2) Be prepared to work harder than is expected of you

3) A key to being successful is to appreciate and nurture the relationships of colleagues and co-workers.