I’ve seen a lot of people succeed and fail in crypto. I’ve read a lot and talked to a lot of people. I’ve made some mistakes as well that taught me a lot. I haven’t stopped learning.
Here are 16 lessons that I’ve learned:
1. Crypto is a marathon
The most successful people have been around for years. They stick around in bear markets and accumulate. Crypto isn’t just a get rich quick scheme. It’s a life changing technology that’s going to be around for years to come.
2. Crypto is here to stay
Crypto has the potential to change the world. It might take time for people to come around, but Web3 is the future. Many large companies are have begun to invest in Web3, and there’s a lot of VC involvement.
3. Community is everything
Everything is driven by community in crypto. NFTs, cryptocurrencies, and DeFi protocols would all be worthless without a community to back them. Decentralization is only as strong as the community that backs it.
4. Crypto is ever-changing
The landscape changes quickly and narratives die fast. You have to be able to adapt and think on your feet. There’s no set playbook that you can follow.
5. There’s going to be Regulation
Regulation isn’t necessarily bad. There are a lot of scams out there. It’s the wild west. A little regulation could be could. We need to make sure it’s good.
6. Crypto is too big for one person.
Crypto is extremely broad. You can’t do it all alone. Networking is important. Find a good, small group of friends to dive into crypto together.
7. Influencers don’t have all the answers
Be weary of what influencers tell you. Some have dumped on their followers. Some don’t do adequete research. Influencers are great, but don’t blindly follow them. Always DYOR.
8. Crypto is unpredictable
Learn as much as you can and draw your own conclusions. No on can predict the future. Crypto is even harder. If you can’t…